Texas power grid operator fires CEO after storm chaos

Houston (AFP) – Texas’ power grid operator has fired its president and CEO following last month’s winter storm that left millions without electricity, media reports said. Electric Reliability Council of Texas (ERCOT) has under come fire from customers and politicians over its apparent failure to prepare for the cold weather and the enormous bills some customers have faced due to a massive spike in energy prices. President and CEO Bill Magness was fired late Wednesday after the ERCOT board held an emergency meeting and gave him 60 days’ termination notice, CNN and other media reports said, citi…

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