The storm and resulting blackouts have been blamed for more than 40 deaths in Texas, but the full toll may not be known for months. We were solving problems, but I think we should have been talking more to people about what this was starting to look like. https://t.co/8qpbAXiAfa #txlege pic.twitter.com/xEYaRfB2yl, Sarah Rafique (@sarahrafique) February 25, 2021. This meant he could've been fired at any time with or without cause. [50] The board delivered a 60-day termination notice to Magness, who had been president and CEO since 2016. Fired ERCOT leader refuses more than $800,000 severance pay in storm The move came as the grid operator is now under investigation by the House Oversight Committee. On Wednesday, Mr. Abbott elevated another member of the utility commission, Arthur DAndrea, to replace her. BM: We dont have any climate specialists on staff. Now Comes The Recovery, And It Won't Be Cheap. And then, also, gas-supply issues arise when you have that kind of cold. Water systems were knocked out by the loss of power. ERCOT 10 years 9 months President & Chief Executive Officer Jan 2016 - May 20215 years 5 months President, CEO, and Board member of the electric system grid operator for 90% of Texas. This material may not be published, broadcast, rewritten, or redistributed. Taylor Prewitt is the newsletter editor for Texas Monthly. A rising question is whether generative AI such as ChatGPT in its rawest form has significant value and legally ought to be made available for the betterment of us all. Texan Bob Magness became intrigued by cable TV and laid his first system in the state's panhandle region in 1956. We have a meteorologist who looks, but looks more at whats coming at us on the grid and does forecasts of various lengths. Fired ERCOT leader refuses more than $800,000 severance pay in storm aftermath. There's a lot of other players in this process, both private and public, said Johnson. BM: I think its important for the Legislature to consider it. We saw coal plants have trouble. For the Biden administration, on the other hand, it should be a clear signal that we cannot keep subjecting consumers to this rollercoaster of prices when we have the tools to address it. Magness' net worth has increased and decreased over time. "The commission approves the policy, we implement it," Magness said. Greg Abbott has accused ERCOT of misleading the state about the readiness of the grid, placing blame for the outages almost singularly on the grid operators. Bill Magness, the former president and CEO of the Electric Reliability Council of Texas, was removed from his post Wednesday following last month's winter storm that resulted in days-long blackouts for more than 4 million Texans. BM: We understand this is a horrible event for the state that took much longer to get out of than we or anyone else wanted. He was terminated by the ERCOT Board of Directors on March 3, 2021. As CEO of the nonprofit that oversees the state's power grid, it was up to Magness to ensure Texas had a reliable electric system.
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