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It's the first day on the job for the new CEO of the Texas power grid. Pablo Vegas was tapped to manage ERCOT, which has been without a permanent leader since Bill Magness was fired. He was in charge when Winter Storm Uri hit. Much of the state lost power for days, leading to some 240 storm-related deaths.
Vegas Bio:
He has over 27 years of experience in the electric and gas industries and in management consulting. Previously, he served as Executive Vice President of NiSource and Group President of NiSource Utilities.
Additionally, he served as President and Chief Operating Officer for American Electric Power (AEP) Texas. One of his many executive roles at AEP included President and Chief Operating Officer of AEP Ohio. He is a trustee of the American Gas Association Foundation and a member of the Society of Gas Lighting and Young Presidents' Organization. Vegas received a Bachelor of Science in Mechanical Engineering from the University of Michigan and attended the Advanced Management Program at Harvard Business School.