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ERCOT Board Terminates CEO

The ERCOT board of directors met in a closed session Wednesday night and gave President and CEO Bill Magness a 60-day termination notice. The action comes just weeks after a deadly winter storm wrecked the state’s electric grid. The board stated that Magness would continue to serve as President and CEO during this transition period and work with state leaders and regulators on potential reforms to ERCOT.