ERCOT approves board retention bonuses, fueling scrutiny of leadership
The Electric Reliability Council of Texas already was facing scrutiny after a controversy sparked by a proposed multimillion-dollar contract extension for President and CEO Pablo Vegas. Now it’s also dealing with backlash over bonuses for its board of directors. At this week’s meeting, the board of directors approved a retention plan to pay board members $150,000 after serving a three-year term. Members would be vested and paid upon completion of their terms. The plan also boosts the board…
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