Energy Workforce
Thu, Sep 17
Molly Glick
Molly Glick
Energy Central Team
·Posted in Energy Workforce

NEWS: ERCOT has called off its plan to give CEO Pablo Vegas a multi-million-dollar salary bump.

  • A Texas showdown: ERCOT and the state PUC approved a contract that would have handed Vegas up to $6.4M next year, The Texas Tribune reported. 

  • That’s not a good look, according to Texas Lt. Gov. Dan Patrick: “During a time of increasing utility costs, this is not the time to give the CEO of ERCOT a multi-million-dollar pay raise on the backs of ratepayers,” Patrick wrote on X. In the Lone Star State, electric rates have increased by 40% on average since 2020.

  • What happened next: Patrick directed officials to reverse the decision—and that they did. Of course, Vegas isn’t the first power exec to spark salary backlash…and probably won’t be the last.

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