Wednesday, December 8, 2021
54.2 F
Fort Worth

Four ERCOT board members who live outside of Texas resign in the aftermath of the power outage, winter storm

🕐 2 min read

by Erin Douglas and Mitchell Ferman, The Texas Tribune.

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

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. ERCOT officials, during a press conference last week, said it had removed personal information about the directors from its website because the board members were experiencing harassment.

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.

Bulger worked in the banking sector for 35 years, including various positions with ABN AMRO Bank in Canada, Europe and the U.S., and lives in Wheaton, Illinois. Hepper, a former litigator for the U.S. Department of Justice, retired in 2018 from working for the grid operator that manages the six-state New England electric system and wholesale markets.

Fifteen directors serve on the ERCOT board, including the four unaffiliated directors, whose resignations will be effective at the end of the meeting Wednesday. 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.

Related Articles

Our Digital Sponsors

Latest Articles

Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate