Another head has rolled following the devastating blackouts blamed for dozens of deaths in Texas. Bill Magness was fired as president and CEO of the Electric Reliability Council.
Posted By Sanford Nowlin on Thu, Mar 4, 2021 at 9:40 AM Twitter / @ERCOT ISO ERCOT CEO Bill Magness speaks about the power grid during an appearance at radio station KURV. In a move entirely predictable amid the outcry over last month s sweeping power outages, the board of Texas electrical grid operator fired CEO Bill Magness Wednesday night, according to the The Electric Reliability Council of Texas board approved a 60-day termination notice for Magness after a three-hour private session, according to the report. ERCOT is the independent nonprofit that manages the state s power grid. Magness firing is the latest departure at ERCOT in the wake of last month s cataclysmic winter storms that left millions of Texans without power. The hard freeze nearly drove its power system into
Texas' largest power cooperative filed for bankruptcy protection in federal court in Houston on Monday, March 1, citing a disputed $ 1.8 billion debt to the state's grid operator. Court [.]