ERCOT In Search of New Board Members After Mass Resignations
After the mass resignations of most of the board shortly following the deadly February freeze, ERCOT is now looking for board members.
According to the Midland Reporter-Telegram, the Texas Public Utility Commission said Monday (September 20, 2021) it is looking for eight new members to join the ERCOT Board of Directors.
“The 87th Texas Legislature provided clear direction on ERCOT governance reforms in Senate Bill 2,” said PUC Chair Peter Lake in a statement. “I am thankful state leadership selected such accomplished business leaders to designate the new ERCOT Board that will chart a new path to providing reliable power to Texans.”
This comes after numerous board members resigned after the freeze in February destroyed the power grid and caused the deaths of over 200 Texans.
This put the focus on ERCOT and its board of directors, most of them were found to be living outside of the state and some outside of the country.
Now board members are required to be residents of Texas thanks to SB 2 that was passed in June.
Heidrick & Struggles is the firm helping ERCOT in their search for new members with the selection committee being made up of people like Buc-ee's CEO Arch Aplin, Former UNT System chair of the board of regents Brint Ryan, and former chairman emeritus of the Texas A&M University System board of regents Bill Jones.
With the forecast of this winter being a rough one in Texas along with the shattered reputation of ERCOT, whoever is chosen for the board will definitely have their hands full.