Vegas' base salary will be $999,000 with a compensation package close to $7 million over six years. His challenge will be building a grid with more energy reserves, more resilient in extreme conditions and more reliable.
"Pablo is the right leader at the right time to help us address the complex grid we have and the dynamic mix of resources," said Public Utility Commission Chairman Peter Lake.
Brad Jones has been ERCOT's interim CEO and has been able to keep the power on last winter and so far this summer, especially during record usage on July 11 and 13 when parts of the state were in jeopardy of blackouts."So tight conditions throughout both of those periods caused us to ask for consumers to help us to support us, and they did," Jones said."The grid has totally changed and is changing still," said PUC Commissioner Will McAdams.
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