ERCOT boss fired in wake of winter storm

Bill Magness, CEO of the Electric Reliability Council of Texas, has been terminated by its board of directors.

The nonprofit entity manages the electric grid for most of Texas. It has received massive criticism after failures during last month's winter storm left millions in the dark for days and resulted in the loss of several lives.

Magness had been widely blamed for the organization’s failed storm preparations. Several board members also resigned after it was noted that many don't reside in Texas. Additionally, Texas legislators have complained that the council didn’t do enough to alert them or the public about the coming disaster.

The board, now with a number of vacancies and temporary members, voted in a private executive session yesterday to give Magness a "60-day termination notice." Magness has said he earns $803,000 annually.

IMAGE: Texas A&M Smart Grid Center

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