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According to a notice from the Public Utilities Commission, four board members of the Texas Electric Reliability Commission will resign on Wednesday, which is responsible for managing and operating the power grid covering most of Texas.
All four members who resigned live outside the state.
Sally Talberg, Chairman of the Board; Peter Cramton, Vice Chairman; Terry Bulger, Chairman of Finance and Audit; According to the notice, Raymond Hepper, Chairman of the Human Resources and Governance Committee, will be ERCOT on Wednesday morning Resign at the end of the board meeting.
According to reports, ERCOT board members were criticized last week, and four of them did not live in the state. ERCOT officials said at a press conference last week that the company had removed personal information about directors from its website because board members were being harassed.
The commission was also criticized for handling last week̵
Talberg is a former state public utility regulator. He served on the Michigan Public Utilities Commission from 2013 to 2020 and currently lives in Michigan. Talberg has participated in various state, regional and national committees on electricity, gas, oil, infrastructure and telecommunications issues. Cramton is a professor of economics at the University of Cologne and the University of Maryland and currently lives in Germany. Cramton focuses his research on the power and financial markets. He has advised numerous governments and has been a member of the ERCOT board of directors since 2015.
Bulger has worked in the banking industry for 35 years, has held various positions at ABN AMRO Bank in Canada, Europe and the United States, and lives in Wheaton, Illinois. Hepper is a former litigation officer of the U.S. Department of Justice. He retired in 2018. He works for a grid operator that manages the six-state New England power system and wholesale market.
The ERCOT board of directors has 15 directors, including 4 independent directors, whose resignation will take effect at the end of the meeting on Wednesday. Vacancies will not be filled immediately.
In order for ERCOT to maintain its certification as an independent organization, the board of directors should consist of 16 members, and must include 5 members who have nothing to do with “any market segment.” The notice stated that none of the five independent positions had been filled-Craig Ivey, who was scheduled to fill the vacant position, had withdrawn his application.
According to the notice submitted by the lawyer representing ERCOT, “The leadership positions of the chairman of the board, the vice chairman of the board and the chairmen of the two committees will be vacant.”
ERCOT spokespersons or lawyers did not immediately comment.