The board of Texas' main power grid operator, ERCOT, announced the hiring of new CEO Pablo Vegas on Tuesday.
Nick Wagner / San Antonio Report
Whoops! There was an error and we couldn't process your subscription. Please reload the page and try again. expressed frustration and disbelief that many ERCOT board members, despite extensive energy industry expertise, lived outside the state.Vegas is executive vice president of NiSource Inc., and group president of the company’s utilities. The Indiana-based NiSource delivers natural gas to approximately 3.1 million customers across six states and electricity to about 470,000 customers in Indiana, according to the company.
Brad Jones, ERCOT’s interim CEO who was hired to the temporary position after the catastrophe but did not plan to stay on the job this long, earns $500,000 annually, according to his contract, which the Tribune obtained through an open records request. Jones will also receive a one-time lump sum of $169,640 when he receives his final paycheck from ERCOT.
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