Lt. Gov. Dan Patrick calls on ERCOT to reverse 30% pay raise for board members

Lt. Gov. Dan Patrick calls on ERCOT to reverse 30% pay raise for board members

Lt. Gov. Dan Patrick has criticized the Electric Reliability Council of Texas (ERCOT) for granting a 30% pay raise to its board members, calling for the reversal. Patrick also criticized ERCOT's board for initially approving and then retracting a contract that would have allowed the CEO to earn $6.4 million in 2027. This controversy underscores broader concerns about executive compensation and governance in key state agencies, especially in the wake of the 2021 winter storm that highlighted ERCOT's shortcomings. Patrick's actions suggest a push for more accountability and transparency in state-run utilities.

Original Source

Read the full article at Texastribune →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.