ERCOT's chief executive terminated in wake of Texas' winter storm crisis

ERCOT CEO Bill Magness speaks about the power grid during an appearance at radio station KURV. - Twitter / @ERCOT_ISO
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 Texas Tribune.

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 total failure.

Public outrage built over the entity's handling of the crisis and revelations that some board members don't even reside in the Lone Star State. So far, seven members of the board have resigned in the wake of the outages, according to media reports.

However, critics argue that ERCOT is merely a symptom of a larger problem: Texas' 1999 decision to deregulate its power market and the state's unwillingness to impose stricter oversight of power generators. 

Stay on top of San Antonio news and views. Sign up for our Weekly Headlines Newsletter.

KEEP SA CURRENT!

Since 1986, the SA Current has served as the free, independent voice of San Antonio, and we want to keep it that way.

Becoming an SA Current Supporter for as little as $5 a month allows us to continue offering readers access to our coverage of local news, food, nightlife, events, and culture with no paywalls.

Join today to keep San Antonio Current.

Scroll to read more San Antonio News articles

Sanford Nowlin

Sanford Nowlin is editor-in-chief of the San Antonio Current.

Join SA Current Newsletters

Subscribe now to get the latest news delivered right to your inbox.