Posted on 10/17/2022 7:20:49 PM PDT by jdt1138
ERCOT’s board of directors on Tuesday named Pablo Vegas, a utility industry veteran and executive at an Indiana utility, to lead the state’s beleaguered power grid manager, still recovering from the catastrophic failures of the February 2021 winter storm.
Public trust in ERCOT has remained low since the February 2021 freeze knocked out power to millions of Texans for days on end, leading to the deaths of hundreds. Ten years earlier in 2011 the exact same scenario resulted in the same number of deaths and economic losses.
ERCOT will pay Vegas a $990,000 base salary, and his contract said he could receive up to $500,000 in reimbursements for relocation expenses. He is scheduled to begin his new job Oct 1. He will also receive a one-time lump-sum payment of $247,000 and potentially up to another $420,000 annually as part of a short-term incentive program.
(Excerpt) Read more at houstonchronicle.com ...
Nope. One hand washes the other.
Sounds like a porno name...
ERCOT = ENRON.
Before ERCOT and T Boone Pickens and his windmill scam, there was no such thing as an energy shortage in Texas. If the power was out, it was solely because lines were down from a storm.
It never happened because they couldn’t generate power.
Whatever Vegas does stays with Vegas...
Wait... How much will ERCOT pay Vegas? Have they considered Indians, instead?
Half a million in relocation expenses??????
I have done accounting for over 65 years & NEVER seen anything like that before.
I hold the Texas governor responsible for the deaths from his electricity fiasco in 2021.
His cronies did it and were happy everything was as it was.
EPCOT could operate the Texas grid better than ERCOT.
maybe he could start by building some damn interties
Remember when the big hat Texans laughed at California for not going full (phony) deregulation?. Like the smug Germans laughing at Trump.
I guess ERCOT CEO is one of those jobs Americans don’t want to do.
If the power was out, it was solely because lines were down from a storm. It never happened because they couldn’t generate power.In spite of all you might have heard about power outages in California. I've lived in California my entire life (75yrs) and I've never had a brownout or a blackout except for what you've described.
Another thing to put in perspective is, the population of California is MORE than all of Canada.
I believe you. California really used to be a leading edge city on the hill. In the old days, spotty rationed electricity was from socialist paradises. Now here we are.
I will take “less than year” for $100.00 Alex.
He gets a couple of million and the taxpayers get higher bills!!
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