ERCOT Hires Permanent CEO

AUSTIN (WBAP/KLIF) – The Electric Reliability Council of Texas Board of Directors, on Tuesday, announced the selection of Pablo Vegas to serve as the President and CEO for the Texas grid operator. Vegas will join ERCOT on October 1.  He currently serves as Executive Vice President of NiSource and Group President, NiSource Utilities. His selection follows an exhaustive nationwide search by the Board’s selection committee.

The selection of Vegas was approved by the Public Utility Commission of Texas on Tuesday, as required under Texas law.

“In Pablo, we’ve found a leader for ERCOT with deep experience at one of the nation’s largest regulated utilities, who brings a strong record of operational excellence managing system growth with a diverse and rapidly evolving energy mix. He clearly understands the challenges we face in Texas as one of the fastest growing and most dynamic energy grids in the United States, and how to meet them,” said ERCOT Board Chair Paul Foster. “ERCOT has implemented landmark reliability reforms under the outstanding leadership of Interim CEO Brad Jones, and Pablo will put his own extensive background in operations, engineering and customer service to work building on that legacy for the people of Texas.”

This will be Vegas’ second time working in the ERCOT service territory.  In 2008, he was President and Chief Operating Officer for AEP Texas, one of his many executive roles at American Electric Power (AEP). Vegas’ early career included working with IBM, PricewaterhouseCoopers and Andersen Consulting.

“I’m excited to return to Texas both personally and professionally. Texas is the fastest growing electric grid in the nation with peak demand larger than any other state and leads the nation in advancing reliable resources,” said Vegas. “Texas leaders have faced the challenges in the ongoing energy transition head-on and are committed to driving improvements in the energy economy for the benefit of generations to come. This is a once-in-a-lifetime opportunity to lead an exceptional organization of people and make a positive impact on millions of Texans.”

Brad Jones will continue to serve as Interim CEO until October 1, and for the following few weeks, will assist in Pablo Vegas’s transition into his new role as CEO of ERCOT.

Vegas will become the first permanent ERCOT CEO since Bill Magness was fired after the 2021 winter storm when ERCOT forced power outages to relieve an overwhelmed power grid.

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