Bill Magness

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.

Texas’ power grid manager was fired Wednesday amid growing calls for his ouster following February’s deadly blackouts that left millions of people without electricity and heat for days in subfreezing temperatures.

As officials of Texas’ power grid defended how they managed last week’s massive power outage, another ERCOT board member stepped down Wednesday.

ERCOT’s board of directors met Wednesday morning for the first time since the winter storm disaster that left millions of Texans without electricity for days. NBC 5’s Ben Russell explains the backlash against the embattled organization that manages the state’s power grid.

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.

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 recommendations aimed at preventing a repeat in…

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.

North Texans want answers on what more than 40% of the power generating units in the state shut down during Sunday’s winter storm, leaving millions without electricity on the coldest week of the year. NBC 5 Investigates senior reporter is looking for answers as to how Texas could have been failed on such a massive scale.

With another winter storm on the way Tuesday, ERCOT, the company that oversees the state’s electric grid, says getting power back on for the millions of Texans who are stuck in the bitter, life-threatening cold is their number one priority, but that they can’t say specifically when that will happen.

With another winter storm on the way Tuesday evening, ERCOT, the company that oversees the state’s electric grid, says getting power back on for the millions of Texans who are stuck in the bitter, life-threatening cold is their number one priority, but that they can’t say specifically when that will happen.

With another winter storm on the way Tuesday evening, ERCOT, the company that oversees the state’s electric grid, says getting power back on for the millions of Texans who are stuck in the bitter, life-threatening cold is their number one priority, but that they can’t say specifically when that will happen.

Senior Investigative reporter Scott Friedman spoke with Bill Magness President & Chief Executive Officer of ERCOT Tuesday afternoon on when Texas residents may get power restored.