News » San Antonio News

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.

Support Local Journalism.
Join the San Antonio Current Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the San Antonio Press Club for as little as $5 a month.