The president and CEO of the Electric Reliability Council of Texas secured approval for a contract Tuesday that documents suggested could pay up to $6.4 million next year. But after Lt. Gov. Dan Patrick publicly criticized the move, Pablo Vegas told The Texas Tribune that the contract won’t be executed and he’ll remain under his current employment agreement.
Both ERCOT’s board of directors and the Public Utility Commission, which regulates the grid, advanced a six-year contract extension for Pablo Vegas on Tuesday during ERCOT’s regular board meeting. But Patrick said on social media that he told the chairs of both agencies to “immediately reverse their action” and that they complied.
