CEO of Texas’ power grid fired after February blackouts

The mid-February winter storm caused widespread blackouts across Texas, a state unaccustomed to extreme cold, knocking out power to more than 4 million people at its peak.

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Texas’ power grid chief executive officer Bill Magness has been fired, as the fallout continues from a deadly blackout last month that left residents without heat, power or water for days.

The mid-February winter storm caused widespread blackouts across Texas, a state unaccustomed to extreme cold, knocking out power to more than 4 million people at its peak. It temporarily knocked out up to half the state’s generating plants, triggering outages that killed dozens and pushed power prices to 10 times the normal rate.

Magness’ departure followed fierce criticism by state lawmakers of the handling of the crisis by the Electric Reliability Council of Texas (ERCOT).Seven of ERCOT’s 15 directors have resigned in the last week and the head of the state’s Public Utility Commission, which supervised ERCOT, resigned on Monday.

 

 

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