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February 09, 2016 3:22 AM ET

Electric Utilities

Company Overview of Electric Reliability Council Of Texas, Inc

Company Overview

Electric Reliability Council Of Texas, Inc., a nonprofit organization, operates and manages electric grids. It manages the flow of electric power lines to Texas customers. The company also manages financial settlements for wholesale bulk-power markets and administrates customer switching services. Its members include retail consumers, investor and municipal-owned electric utilities, rural electric cooperatives, river authorities, independent generators, power marketers, and retail electric providers. The company was founded in 1970 and is based in Austin, Texas.

7620 Metro Center Drive

Austin, TX 78744-1613

United States

Founded in 1970





Key Executives for Electric Reliability Council Of Texas, Inc

Chief Financial Officer and Vice President
Age: 56
Interim Chief Operating Officer and Chief of Staff
Senior Vice President for Governance, Risk & Compliance and General Counsel
Chief of Market Operations and Vice President
Chief Security Officer
Compensation as of Fiscal Year 2015.

Electric Reliability Council Of Texas, Inc Key Developments

Electric Reliability Council Of Texas, Inc Presents at Platts 8th Annual Nodal Trader, Oct-23-2015 08:45 AM

Electric Reliability Council Of Texas, Inc Presents at Platts 8th Annual Nodal Trader, Oct-23-2015 08:45 AM. Venue: New York Marriott Marquis, 1535 Broadway, New York, NY 10036, United States. Speakers: Resmi Surendran, Senior Manager, Market Analysis and Design.

The Electric Reliability Council of Texas Announces Management Changes

The Electric Reliability Council of Texas has selected new leaders for two key areas associated with grid and market operations. Woody Rickerson, currently director of Grid Coordination, will be vice president of Grid Planning and Operations, and Kenan Ogelman, director of Energy Market Policy for CPS Energy, will be vice president of Commercial Operations. Rickerson, an ERCOT employee since 2000, has been involved in developing the tools used to operate the ERCOT grid since initial development of the ERCOT zonal market system in 2000, with a number of increasingly responsible roles prior to his most recent position. A licensed professional engineer, he also has worked for utilities in Texas, Arizona and New Mexico. Ogelman also has been involved in the ERCOT market since it began. He previously chaired ERCOT's Technical Advisory Committee and served as a senior economist for the Texas Office of Public Utility Counsel, which represents residential electric consumers in Texas. He currently is president of the Gulf Coast Power Association and has taught economics at the University of Texas at Arlington and St. Edwards University. New York ISO also announced that ERCOT Chief Operating Officer Brad Jones will become its Chief Executive Officer in October 2015. ERCOT has named Chief of Staff Jeyant Tamby to serve as Interim Chief Operating Officer until his successor is identified.

Electric Reliability Council of Texas Appoints Bill Magness as President and Chief Executive Officer

The Electric Reliability Council of Texas' (ERCOT) Board of Directors selected Bill Magness to become ERCOT's next president and chief executive officer. Current ERCOT President and CEO Trip Doggett announced in June 2015 that he plans to retire in 2016. Magness currently serves as ERCOT's general counsel and senior vice president for Governance, Risk and Compliance.

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