Bill Magness, the ERCOT CEO who was voted out Wednesday night in the wake of last month’s statewide power disaster, said late Thursday he will not accept the $800,000 golden parachute he was eligible to receive after his ouster.

On Thursday, managers of Texas’ power grid are expected to receive a lashing in the first public hearings about the crisis at the state Capitol — where the belief that less government is better is reflected in a part-time Legislature that meets just once every two years, and only for 140 days.

The questions have carried into the night at the state capitol as lawmakers continue to press for answers from the people who run and oversee the state’s power system. All trying to figure out what caused the deadly and destructive outages that swept across the state last week.

The board that oversees ERCOT held an urgent meeting Wednesday morning to discuss the winter storm that crippled most of Texas last week. They offered apologies for the devastation the power outages have caused and pledged to gather the facts to help lawmakers determine how to prevent it from ever happening again.

Governor Greg Abbott took to the airwaves late Wednesday, promising action to prevent a repeat of the power crisis that devastated the state. He again pointed a finger squarely at ERCOT for assuring the public Texas would have enough electricity to weather a winter storm.

NBC 5 Investigates is learning much more about what the state’s electric grid operator, ERCOT, did in the days and hours before the massive outages that put millions of people in danger. ERCOT is at the center of a political firestorm now, as Texas Gov. Greg Abbott (R) blames the organization for failing to recognize that the impending storm ...

In an exclusive interview, NBC 5 Investigates spoke with Oncor’s chief operating officer to ask if the company could have done a better job of telling Texans what to expect in the first hours and days after the winter storm that left hundreds of thousands without power.

ERCOT’s CEO is defending his actions in the days leading up to the energy crisis in Texas after NBC 5 Investigates raised serious questions about the agency’s planning for this winter storm.

Federal regulators have opened an inquiry into what caused the massive power outages across Texas. The Federal Energy Regulatory Commission (FERC) confirms it will investigate along with the North American Electric Reliability Corporation. FERC is the same agency that examined the last major winter power outage in Texas in 2011, and then offered re...

Three days into a life-threatening crisis where millions of Texans remain without power during persistent sub-freezing temperatures, the people in charge of the state’s power grid still can’t say when power will be restored statewide.

A frigid blast of winter weather has left more than 2 million people in Texas without power and many asking how it could happen. NBC 5 Senior Investigative reporter Scott Friedman takes a look at the frustrating and dangerous situation.

NBC 5 Investigates senior reporter Scott Friedman takes a look at the timeline for the electric emergency in Texas as temperatures plunged overnight. Millions of customers across the state are without power as ERCOT tries to preserve the reliability of the electric system in Texas and keep up with demand.

NBC 5 Investigates is learning more about the road conditions and how some first responders say they were stunned by the amount of ice on the pavement where at least 133 vehicles crashed into one another in Fort Worth early Thursday morning.