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Leach said he has begun drafting legislation to prohibit non-Texans from serving on the ERCOT Board. In 1970, ERCOT was formed to comply with NERC requirements. The five members, who do not live in Texas, include even the chairwoman and the vice-chairman reported Austin American Statesman. None of them lives in Texas. Registered voters residing in Districts 1, 3, and 5 will also have an opportunity to vote for their respective . . ga('ads.send', { Country music star and Conroe-native, Parker McCollum caught up with our Sally Mac after he was named the headliner for 2023's Houston Livestock Show & Rodeo. [15] A megawatt of electricity can power about 200 Texas homes during periods of peak demand. [34][35], Approximately 4 million customers in Texas were without electricity for various times during the multi-day storm. The board chairman, board vice chairman and both committee chairman leadership roles will be vacant, according to the notice submitted by attorneys representing ERCOT. [54], The ERCOT board appoints ERCOT's officers to direct and manage ERCOT's day-to-day operations, accompanied by a team of executives and managers responsible for critical components of ERCOT's operation. Another provision of both chambers legislation requires all board members to reside in Texas, which would prevent experts like Cramton from sitting on the ERCOT board in the future. Caitlin Smith, an energy adviser in Austin and an ERCOT expert, raised concerns about political appointees who arent subject matter experts having access to critical information. the chair lives in Michigan and the vice chair is an economics prof in Cologne Germany. As people across Texas face the potential of further waterline breaks and power failures with ice starting to thaw, sites set up for distribution of bottled water are seeing extremely long lines. However, the Texas grid is not subject to regulation under the Federal Power Act, being an intrastate grid for the purposes of that law. [11] ERCOT also performs financial settlements for the competitive wholesale bulk-power market and administers retail switching for 7 million premises in competitive choice areas. ERCOT Board Selection Committee ; Ethics Commission, Texas Facilities . Going forward, I expect the Boardinformed by an in-depth investigation of the causes and contributing factors of this crisis and risks of similar eventsto work with state leadership and other entities to identify and take the necessary actions to assure Texas residents and Gov Greg Abbott orders probe into Texas power grid operator after snowstorm. ERCOT officials have said it may be days before power is restored, The Dallas Morning News reported. maybe we shouldnt have deregulated and privatized ERCOT. The Form 990 (2018) lists 16 board members; 15 of whom have voting rights; 12 (75%) of whom are male while 4 (25%) are female. ERCOT and its regulator, the Public Utility Commission of Texas, failed to adopt a mandatory standard for preparing electricity infrastructure for such occurrences (winterization), despite recommendations from the Federal Energy Regulatory Commission and North American Electric Reliability Corporation (NERC). In . In the case of non-profit or private entities, it is optional to have a board of directors. The Southwest Michigan Regional Chamber has announced the addition of three (3) new directors to its governing board and the re-election of two sitting board members. Most recently, he was the president of Consolidated Edison Co. of New York Inc., a subsidiary of Consolidated Edison Inc. Anesetti-Parra oversees Just Energys North American residential and commercial regulatory affairs and compliance division and has two decades of experience in the retail energy sector. The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power to more than 26 million Texas customers.https://t.co/wVynUwC1sk pic.twitter.com/4UD8Ji1t5U, LBJ School Alumni (@LBJSchoolAlumni) February 10, 2021. AUSTIN The selection committee appointed to fill the board of the Electric Reliability Council of Texas on Monday announced its first two selections an oil company executive and Meteorologist Lena Maria gives us a look at what we can expect as we gear up for the opening weekend of the Houston Livestock Show & Rodeo! The governor, lieutenant governor, and speaker of the Texas House each appoint one person to the three-member committee who select ERCOT board members. [18], At the beginning of World War II, several electric utilities in Texas agreed to operate together as the Texas Interconnected System (TIS) to support the war effort. With over 20 years of experience in pharmaceutical, medtech, digital health, biotech and diagnosis, Julie's leadership approach focuses on inspiring teams to deliver sustainable growth in challenging markets and healthcare environments. hitType: 'event', hitType: 'event', More than 4.5 million customers were without power at one point last week. ERCOT, a nonprofit, is governed by a board of directors, but overseen by the Public Utility Commission. All donations are legal, and it is also legal for state officials to appoint campaign donors. Board of Directors, Chair of Capstone Green Energy, and member of the Charah Inc. Board of Directors. Sally Talberg, board chair; Peter Cramton, vice chair; Terry Bulger, finance and audit chair; and Raymond Hepper, human resources and governance committee chair, occupy the "unaffiliated" director positions on the board, which mean they must remain independent of any business ERCOT oversees. Listen: ERCOT briefly talks preparedness before Texas winter storm. Four board members of the Electric Reliability Council of Texas (ERCOT) have resigned amid backlash for the grid operator's handling of last week's winter storms. During the war, the grid was interconnected to other states and excess power generation was sent to industries on the Gulf Coast, providing a more reliable supply of electricity for production of metal and other material needed for the war.[19]. } Prior to deregulation, residential electricity rates were significantly below the national average; after deregulation, residential electricity rates increased, rising 64% between 1999 and 2007. You had the independent voice there to check market participants, Wood said. Prepare your CV in anticipation of a meeting or interview. Prior to her appointment, Commissioner Talberg worked in the public and private sectors with a focus on energy and environmental policy and utility regulation. The ERCOT board of directors elected her as the chair on February 9, 2021, an ERCOT press release said. ga('create', 'UA-67136960-15', 'auto', 'ads'); At its head is Talberg, who lives in Michigan far from the blackouts, officials said. She was elected as chair of the board only days before the power outage. On Tuesday, he shared ERCOTs tweet. While his decision was lauded by many, a few others backfired the blame towards him, for deregulating and privatizing ERCOT, and thereby hampering its operational efficiency. [63][64][65], It has a headquarters in Austin and an additional complex in Taylor. Total Expenses. Some power grid experts have said in legislative testimony, at industry events and in interviews that they dont see how giving more power to the political class and making minor tweaks like requiring all board members reside in Texas could improve the grid operator. Talbert began serving as an "unaffiliated" director on the ERCOT Board on Jan. 1, 2021, and Cramton served as an "unaffiliated" director since October 2015, according to an ERCOT press . Five 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. Our hearts go out to all Texans who have had to go without electricity, heat, and water during the frigid temperatures and continue to face the tragic consequences of this emergency, they wrote. Petroleum Coke: 742 MWh; [38], On February 16, Governor Greg Abbott declared that ERCOT reform would be an emergency priority for the state legislature, and there would be an investigation of the power outage to determine long-term solutions. media-tech companies with hubs around the world. Michigan Public Service Commission Breaking down the state's power sources from gas to wind. Gov. ERCOT officials, during a press conference last week, said it had temporarily removed personal information about the directors from its website because they were experiencing harassment. State Sen. Carol Alvarado of Houston released a letter urging the Public Utility Commission of Texas to approve only residents of Texas to fill ERCOT board vacancies. . The Texas House has already approved House Bill 10, which would remove independent outside voices on the ERCOT board and replace them with five political appointees. Former PUC Chair Pat Wood, speaking at a recent industry conference alongside Coleman, echoed some of Colemans and Cramtons concerns. THIS is your morning update?! The ERCOT Board Selection Committee members are Arch "Beaver" Aplin, G. Brint Ryan, and Bill Jones. hitType: 'event', The PUC has primary jurisdiction over activities conducted by ERCOT. Solar: 5,381 MWh; Did Texas energy regulators fail to mandate winter protections? A Board's mandate is to establish policies for corporate management and . There are a total of 16 members on ERCOT's board, which appoints officers who manage the grid manager's day-to . Net Assets. She also previously served as an advisor to commissioners at the Public Utility Commission of Texas. Records show the two top office holders of the 15-member board of the Electric Reliability Council of Texas (ERCOT), live out-of-state. Others are appointed by companies and consumers participating in the electricity market, with members representing various power sources. She also served as a member of the U.S. Department of Energys State Energy Advisory Board (STEAB). That the tornado shelter or fraidy-hole as they call it on my folks farm. She is the vice president of regulatory and compliance at Just Energy. We would like to congratulate Sally and Peter on their new roles on the ERCOT Board, and look forward to working with them on addressing the challenges of an evolving grid in the years to come, said ERCOT President and CEO Bill Magness. [50], ERCOT is governed by a board of directors and subject to oversight by the Public Utility Commission of Texas (PUC) and the Texas Legislature. [49] An 11-year-old boy, Cristian Pavon, who died of suspected hypothermia was among the deaths caused by ERCOT's grid system. businesses never again experience power outages on this magnitude, she wrote. Years later, millions lost power. That entity already has political appointees: All three board members are appointed by the governor. There are a total of 16 members on ERCOT's board, which appoints officers who manage the grid manager's day-to-day operations. Commissioner Talberg previously served as an analyst at the Michigan Public Service Commission, managed enforcement and contested cases at the Michigan Department of Environmental Quality, and advised commissioners at the Public Utility Commission of Texas. [45], On February 16, 2021, it was reported that at least 10 deaths were linked to the 2021 ERCOT grid power outages. A massive blackout in Texas shined a spotlight on a little-known policy: ERCOT officers and directors are not required to live in Texas, and Chairwoman Sally Talberg lives in Michigan. eventAction: 'click_adunit' The lack of preparedness and transparency at ERCOT is unacceptable. Erin Douglas, Kate McGee and Jolie McCullough, This page was last edited on 24 February 2023, at 20:02. Cramton has focused his research on electricity and financial markets. [55], During the February 2021 storm, it emerged that a third of ERCOT's board of directors live outside of Texas; this includes the chair Sally A. Talberg, who lives in Michigan, and the vice chair Peter Cramton. . The Better Business Bureau says it has received more complaints about contractors than ever before. ERCOT's Board of Directors on Tuesday elected newcomer Sally Talberg to a three-year term as its chair and six-year veteran Peter Cramton as its vice chair. eventCategory: event.slot.getSlotElementId(), [28], Texans outside the ERCOT-controlled grid had a different power experience. $254,291: John Messer, Director, IT Application Development; $235,538: Amanda Bauld, Director, Project Management Office; The . 3 min read. 3 min read. S.B. },false) @ERCOT_ISO Board of Directors elected newcomer @SallyTalberg to a three-year term as its chair and six-year veteran Peter Cramton as its vice chair. The current chair is Sally A. Talberg, a Michigan resident who took over the position one week ago. hitType: 'event', This is the cost of not planning ahead," they wrote. It shrinks the number of seats on ERCOT's board of directors from 16 to 11, and the state's top politicians would have strong influence over the board. Natural Gas: 125,704 MWh; Powered by. Cramton, the former ERCOT board member, is also an economics professor at the University of Cologne in Germany and an expert in electricity market design. by Erin Douglas and Mitchell Ferman The idea behind a BOD is to have a body that safeguards shareholders' interests as they are the firm's owner. He graduated from Villanova University with a degree in accounting. Doesnt that undermine the notion of independence of ERCOT?, State Sen. Charles Schwertner, R-Georgetown, acknowledged that having political appointees has pluses and minuses., Sometimes having a political appointee has the added advantage of understanding the political process, Schwertner said. We appreciate it! pg.acq.push(function() { Aptar announced today that Julie Xing has joined its Board of Directors. [4] Relatively few electric customers lost power in those regions. In a private company, a board of directors is a group of elected individuals representing the shareholders. Recognizing the reliability advantages of remaining interconnected, TIS members continued to operate and develop the interconnected grid. Further, many legislators were frustrated by the lack of accountability on the board, especially regarding the members of the board that would be unaffiliated members.. Thanks to everyone who has been conserving today. A massive blackout in Texas shined a spotlight on a policy: ERCOT officers and directors are not required to live in Texas, and Chairwoman Sally Talberg lives in Michigan. [52], The ERCOT organization is governed by a board of directors made up of independent members, consumers and representatives from each of ERCOT's electric market segments. [14], Power demand in the ERCOT region is typically highest in summer, primarily due to air conditioning use in homes and businesses. Greg Abbott and many state lawmakers quickly criticized the Electric Reliability Council of Texas because several members of its large governing board reside outside Texas. [9], ERCOT is a membership-based 501(c)(4) nonprofit corporation,[12][13] and its members include consumers, electric cooperatives, generators, power marketers, retail electric providers, investor-owned electric utilities (transmission and distribution providers), and municipally owned electric utilities. Your California Privacy Rights/Privacy Policy. If you're planning on using the METRO to helo you get to and from the Houston Rodeo, here's everything you need to plan out your ride! ELECTRIC RELIABILITY COUNCIL OF TEXAS INC. Total Revenue. Texans, in turn, are blasting public officials including Former Colorado City Mayor Tim Boyd, and ERCOT, the Electric Reliability Council of Texas. ERCOT is overseen by the PUC. $260,219,816. https://t.co/hdNQ28jFTL, Jeff Leach (@leachfortexas) February 16, 2021. ga('ads.send', { In a Feb. 9 meeting, ERCOT CEO Bill Magness spent less than a minute discussing impending winter weather & whether Texas' power grid could handle it. He has advised numerous governments and has been on the ERCOT board since 2015. According to political spending tracker Transparency USA, two of the three appointees are major donors to the Texas officials who appointed them. ga('ads.send', { }); Edward Stones of Houston is the Global Business Director for Energy & Climate Change for Dow, Inc. She called on ERCOT management to provide a chronology of key events and critical actions as well as data and explanations in response to the following questions, she wrote. We look forward to working with the Texas Legislature, and we thank the outgoing Board Members for their service," reads a statement from ERCOT. At a time when newsroom resources and revenue across the country are declining, The Texas Tribune remains committed to sustaining our mission: creating a more engaged and informed Texas with every story we cover, every event we convene and every newsletter we send. AUSTIN, Texas Five members of the board of directors at the entity that operates the state's electrical grid resignedfrom their posts Wednesday,according to a notice posted to the Public Utility Commission website. Mr. Anderson . This represents about 90 percent of . The make-up of ERCOT's 16-member board of directors, as well as the compensation packages many of them receive, will likely face heavy scrutiny in the coming months. Talberg issued a letter Wednesday, February 17, 2021, calling for an urgent meeting to be held on February 24 to discuss the widespread power outage. eventCategory: event.slot.getSlotElementId(), "ERCOT leadership made assurances that Texas power infrastructure was prepared for the winter storm, but those assurances proved to be devastatingly false.. the chair lives in Michigan and the vice chair is an economics prof in Cologne Germany. The political appointees replace what are now called unaffiliated members, who mostly served as outside expert voices. ERCOT Board Appoints New CEO. ERCOT (Electric Reliability Council of Texas) manages the flow of electricity to more than 26,000,000 Texas customers. August 16, 2022 . A month ago, operators at ERCOT offered apositive assessment about the preparedness of Texas power plants for winter storms, according to the Austin American-Statesman, part of the USA TODAY Network.