ENER Texas. ERCOT. Five board members resign effective tomorrow.

[mzkitty]

No article yet. Just happening. Link is not exactly pertinent.

Into The Vortex - EIA Reports Draw of -237 Bcf in Natural Gas Inventories

EIA Natural Gas Storage Report as Weather and LNG Effect

traderscommunity.com

 

[Dennis Olson]

The first heads to roll. They won't be the last.

 

[Dennis Olson]

www.mysanantonio.com/news/local/texas/article/Four-ERCOT-board-members-resign-15973404.php

ERCOT board members resigning after power outage
by Erin Douglas
3-3 minutes

Four board members of the Electric Reliability Council of Texas, the entity that manages and operates the electricity grid that covers much of Texas, will resign on Wednesday, according to a notice to the Public Utility Commission.

All four of the members who are resigning live out of state.

Sally Talberg, the chairwoman of the board, Peter Cramton, the vice chairman, Terry Bulger, the chairman of finance and audit, and Raymond Hepper, the human resources and governance committee chairman will resign at the end of the ERCOT board meeting Wednesday morning, according to the notice.

RELATED: Texans will pay for decades as crisis tacks billions onto bills


ERCOT board members had come under fire last week when it was reported that four of the board members did not reside in the state. The board has also been criticized for its handling of last week's mass power outage during a winter storm that has claimed the lives of dozens of Texans. More than 4.5 million customers were without power at one point last week.

Talberg, a former state utility regulator who served on the Michigan Public Utility Commission from 2013 to 2020, lives in Michigan. Talberg has sat on various state, regional and national boards and committees involving electricity, natural gas, oil, infrastructure and telecommunications issues. Cramton, a professor of economics at the University of Cologne and the University of Maryland, lives in Germany. Cramton has focused his research on electricity and financial markets. He has advised numerous governments and has been on the ERCOT board since 2015.

Fifteen directors serve on the ERCOT board, including four unaffiliated directors. The vacancies will not immediately be filled.

“The Board Chairman, Board Vice Chairman and both Committee Chairman leadership roles will be vacant,” according to the notice submitted by attorneys representing ERCOT.

An ERCOT spokesperson was not immediately available for comment.

The Texas Tribune is a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues.

 

[20Gauge]

Did they return the checks they got for being a board member?

If not, means nothing.

 

[Dennis Olson]

ERCOT board members to resign after deadly winter storm that left millions without power

www.msn.com

KEYE Austin

ERCOT board members to resign after deadly winter storm that left millions without power

CBS Austin 14 mins ago

Five board members of the Electric Reliability Council of Texas will be resigning, according to a filing with the Public Utility Commission.

Catherine Traywick, the climate and power editor for Bloomberg, tweeted that ERCOT's chair, vice chair and others would resign effective Wednesday, February 24th.

The Texas Tribune reports that the board members who will resign all live out of state:

Sally Talberg, the chairwoman of the board, Peter Cramton, the vice chairman, Terry Bulger, the chairman of finance and audit, and Raymond Hepper, the human resources and governance committee chairman will resign at the end of the ERCOT board meeting Wednesday morning, according to the notice.
ERCOT has been under fire from Gov. Greg Abbott and regular Texans alike for their handling of the power outages during last week's deadly winter storm.

The Texas Senate Committee on Business and Commerce is holding the first hearing on ERCOT's response on Thursday.

The committee will "examine extreme weather condition preparedness and circumstances that led to the power outages as directed by Electric Reliability Council of Texas (ERCOT). The committee will also review generator preparedness and performance, utility outage practices, natural gas supply, and the reliability of renewable generation, as well as overall ERCOT system resilience."

 

[Walrus]

Being leaderless is probably no worse than being led in the wrong direction.

 

[Texican]

ERCOT board members resigning after power outage

Will there be arrests and trials due to the deaths and damage and high utility bills?

Texican....

 

[mzkitty]

They didn't live in Texas themselves. They didn't care, I guess.

 

[packyderms_wife]

Found this on FB last night, if true this is awfully damning information!

 

[zeker]

does resigning relieve culpability/responsiblty?

 

[WalknTrot]

No skin in the game. Wonder how that happened.

 

[Red Baron]

Fifteen directors serve on the ERCOT board, including four unaffiliated directors

Seriously, 15 feeding at the public trough?

 

[packyderms_wife]

does resigning relieve culpability/responsiblty?

It shouldn't but who knows what's in their contracts. Wonder if they're getting death threats?

 

[Southside]

Grifters.....EVERYWHERE!

 

[Seeker22]

Heard another little gem from someone who worked for the Power Company today. As of today, Center Point, TX is 11 days without power. That is in the Hill Country and just the next thing to balmy- usually.
Heads need to roll and TDCJ needs to incarcerate a few of these idjits. And those who were responsible for hiring them.

 

[mzkitty]

Heard another little gem from someone who worked for the Power Company today. As of today, Center Point, TX is 11 days without power. That is in the Hill Country and just the next thing to balmy- usually.
Heads need to roll and TDCJ needs to incarcerate a few of these idjits. And those who were responsible for hiring them.

Maybe stick them in the freezer for a while.

 

[Henry Bowman]

Seems that people who lost family members during this should be provided with the address of those responsible...just quitting does nothing.

 

[Hognutz]

Maybe soon?

 

[Hognutz]

Seems that people who lost family members during this should be provided with the address of those responsible...just quitting does nothing.

Until there are consequences for those making these moronic decisions nothing will change.

 

[Publius]

Now if we can do the same thing with this Covid-19 crap and force a few people of of office and or into quitting their job, and with a little luck Bill Gates will go into hiding.

 

[Jonas Parker]

Five down, ten to go...

 

[DryCreek]

I wonder if they are going to post the openings.

Time to dress up my resume'!

I bet it probably pays better than where I'm at now.

 

[raven]

not the board that should resign
should be all ball-less VPs and up

 

[Freeman99]

SO WAS THE WHOLE THING ERCOT'S FAULT, or DID THE FEDERAL GOVERNMENT PLAY A ROLE ALSO?

-FREEMAN99

 

[Jez]

Until there are consequences for those making these moronic decisions nothing will change.

I agree 100%. Upper management gets paid the big bucks because they're supposed to be responsible for the big decisions. Sadly when they screw up they bail with golden parachutes and others clean up their mess. Meanwhile those that bailed move on elsewhere to start it all over again. They need to be held accountable.

I can also never understand how Upper management is always filled with people whose only experience is managing people but no experience in doing the things they manage.

 

[Blastoff]

SO WAS THE WHOLE THING ERCOT'S FAULT, or DID THE FEDERAL GOVERNMENT PLAY A ROLE ALSO?

It's been reported that the DOE refused Gov Abbott's request to run power plants at 100% capacity, thus causing rolling blackouts and system failure. The letter denial from the DOE is out on Twitter, maybe posted on TB2K too.

 

[Southside]

It's been reported that the DOE refused Gov Abbott's request to run power plants at 100% capacity, thus causing rolling blackouts and system failure. The letter denial from the DOE is out on Twitter, maybe posted on TB2K too.

See this thread

CRIME - Outstanding thread on the REAL situation and PROBLEM in Texas. Hint: It AIN’T Ted Cruz.

https://therightscoop.com/outstanding-thread-on-the-real-situation-and-problem-in-texas-hint-it-aint-ted-cruz/ We have a real problem in the Lone Star state. But it ain’t Ted Cruz or Greg Abbott or “climate denial” or even a lack of AOC hanging around. One of the most important sentences in the...

www.timebomb2000.com

 

[Jeff B.]

I agree 100%. Upper management gets paid the big bucks because they're supposed to be responsible for the big decisions. Sadly when they screw up they bail with golden parachutes and others clean up their mess. Meanwhile those that bailed move on elsewhere to start it all over again. They need to be held accountable.

I can also never understand how Upper management is always filled with people whose only experience is managing people but no experience in doing the things they manage.

You are so on target with this post it’s not funny.

Todays companies are generally run by a bunch of shiftless mercenaries that have no allegiance to the company, employees, etc., they are all about preparing for their next and more highly compensated position.

Jeff B.

 

[Southside]

Liberalism. A life of never having to say you're sorry.

Southside

 

[Knoxville's Joker]

SO WAS THE WHOLE THING ERCOT'S FAULT, or DID THE FEDERAL GOVERNMENT PLAY A ROLE ALSO?

-FREEMAN99

It was mixed. The board and ERCOT could have gone to the governer with a strongly written legal explanation to get a state level exemption and a promise to have the state block any federal attempts to interfere with things in a crisis.

The state attourney general and district attourney could have pre drafted a document to hand the governer to sign and have the legislature at the state level add post facto legitimacy.

The EPA deal and restrictions were so secreted away I doubt that the state level partners were aware of the liabilities the EPA had played on things causing the whole issue.

 

[Millwright]

You are so on target with this post it’s not funny.

Todays companies are generally run by a bunch of shiftless mercenaries that have no allegiance to the company, employees, etc., they are all about preparing for their next and more highly compensated position.

Jeff B.

It's a quiet, Good Ol' Boy scam.

 

[Profit of Doom]

I wonder if they are going to post the openings.

Time to dress up my resume'!

I bet it probably pays better than where I'm at now.

You could probably do better.
So could I.

 

[Millwright]

...and there is never any criminal liability.

 

[Walrus]

One of the board members who resigned is an anthropologist.

That's real good training for overseeing the production and distribution of electrical energy, when one has primarily studied how the ancients learned to start fires, and to carry torches to another place so the fire didn't have to be relit.