The control room at the Electric Reliability Council of Texas. ERCOT manages the flow of electric power to more than 26 million Texans.
Vegas becomes ERCOT’s first permanent chief executive in 16 months, since former CEO Bill Magness was fired in the aftermath of the February 2021 power grid disaster, when a strong winter storm left millions of Texans without power for days after freezing temperatures shut down natural gas facilities and power plants, which rely on each other to keep electricity flowing. Hundreds of people died.
Vegas, who was born in Peru and worked as president and chief operating officer for transmission company AEP Texas from 2008 to 2010, did not reply to questions emailed from The Texas Tribune on Monday. Vegas held a variety of other senior executive roles at AEP in addition to his two-year stint at the company’s Texas branch. AEP, which provides power to more than 5 million customers across 11 states, is based in Columbus, Ohio, where Vegas lives with his family.
Brad Jones, ERCOT’s interim CEO who was hired to the temporary position after the catastrophe but did not plan to stay on the job this long, earns $500,000 annually, according to his contract, which the Tribune obtained through an open records request. Jones will also receive a one-time lump sum of $169,640 when he receives his final paycheck from ERCOT.
ERCOT_ISO TexasTribune Maybe someone not from Texas would a good change but as the article mentions, Abbott holds the puppet strings for ERCOT.
ERCOT_ISO TexasTribune Ohio!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philips parts ways with CEO in midst of massive recallPhilips CEO Frans van Houten will stand down amid a massive product recall that has halved its market value over the past year. The company said van Houten would be replaced in October by Roy Jakobs, who heads its Connected Care businesses Newsflash the new ventilators are dangerous and spontaneously give the message : Ventilator Inoperable. Pretty scary stuff when your kid is ventilator dependent!
Source: Reuters - 🏆 2. / 97 Read more »
Walmart CEO: Inflation lures more higher-income shoppersWalmart CEO Doug McMillon told investors during the company's earnings call Tuesday that inflation is drawing higher-income shoppers into the retailer. Damn, no more people of Walmart videos 😂🤣😂
Source: FoxBusiness - 🏆 458. / 53 Read more »
Pablo Vegas, a utility executive in Ohio, named ERCOT’s new CEOThe board of Texas' main power grid operator, ERCOT, announced the hiring of new CEO Pablo Vegas on Tuesday.
Source: SAReport - 🏆 252. / 63 Read more »
Pablo Vegas, a utility executive in Ohio, named ERCOT’s new CEOThe state power grid operator has been run by an interim chief since the previous CEO was fired following the deadly 2021 winter storm that crashed much of the grid. Bet ya a dollar, if he turns the power this winter. He gets fired as well! texansdontplayinthecold 🪠🧻 Going to our cities they feel like addicts, when done exploiting they grovel in the finer things in life with foreigners. Acting as ambassador, mayor 🫦 many shoes🥾👅, creating trends for the next generation. ✍🏿✉️🏫🚸 My children better not come home, banging yalls help.
Source: FOX4 - 🏆 289. / 63 Read more »
Pfizer CEO Albert Bourla tests positive for CovidBourla, 60, said he had started a course of the company’s oral Covid-19 antiviral treatment, Paxlovid, and was isolating and following all public health precautions. LOL. He didn’t get vaccinated for COVID19? Pfizer
Source: NBCNewsHealth - 🏆 707. / 51 Read more »
WeWork's former CEO has a new startup, reportedly valued at more than $1 billionNearly three years after Adam Neumann stepped down as CEO of WeWork following a failed attempt to take the company public, he is said to once again be in charge of a billion-dollar real estate startup. Yeah, this is not going to end well at all. Crash. What, Me Worry? (sorry, wrong neuman) MADmagazine
Source: cnni - 🏆 326. / 59 Read more »