From The Texas Tribune · Paul Cobler · · 1m
ERCOT board votes itself a 30% raise amid criticism
Texas officials are demanding the power grid operator reverse pay increases as electricity costs climb.
In brief
Texas officials are demanding the power grid operator reverse pay increases as electricity costs climb. ERCOT's board gave itself a 30% raise on the same day it nearly doubled the CEO's salary, prompting calls from Texas leaders to reverse the decision. Originally reported by The Texas Tribune.
ERCOT board raises its own pay
The board approved a 30% pay increase for itself on the same day it nearly doubled the CEO's salary.
CEO salary nearly doubled
Board members moved to almost double CEO Pablo Vegas' earnings, though they later backtracked on the decision.
Dan Patrick demands reversal
The lieutenant governor called on ERCOT's board to undo the raises, saying plenty of Texans would serve without them.
“My suggestion to them is to reverse their own increase. If they do not want to serve, I am sure there are plenty of public-service minded Texans who are willing to take their place.”
Patrick helps appoint board members
The lieutenant governor plays a role in appointing ERCOT board members, giving weight to his criticism.
Criticism escalates over rising costs
Patrick's rebuke comes as electricity costs have soared for Texans and he's lost faith in board chair Bill Flores.
What it means
ERCOT's board gave itself a 30% raise on the same day it nearly doubled the CEO's salary, prompting calls from Texas leaders to reverse the decision.
