Pablo Vegas, a utility executive who lives in Ohio, will be the new leader of Texas’ main power grid operator, ERCOT_ISO. | via TexasTribune
The control room at the Electric Reliability Council of Texas. ERCOT manages the flow of electric power to more than 26 million Texans.
Vegas becomes ERCOT’s first permanent chief executive in 16 months, since former CEO Bill Magness was fired in the aftermath of the February 2021 power grid disaster, when a strong winter storm left millions of Texans without power for days after freezing temperatures shut down natural gas facilities and power plants, which rely on each other to keep electricity flowing. Hundreds of people died.
Vegas, who was born in Peru and worked as president and chief operating officer for transmission company AEP Texas from 2008 to 2010, did not reply to questions emailed from The Texas Tribune on Monday. Vegas held a variety of other senior executive roles at AEP in addition to his two-year stint at the company’s Texas branch. AEP, which provides power to more than 5 million customers across 11 states, is based in Columbus, Ohio, where Vegas lives with his family.
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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