Pablo Vegas
CEO of the Electric Reliability Council of Texas
9
MENTIONS
9
EPISODES
7
PODCASTS
Search complete. 9 mentions across 9 episodes found for "Pablo Vegas".
Sep 26, 2026
Chip CominsGUEST
You know, the demand for electricity is going up through the roof.
Chip CominsGUEST
When I met with Pablo Vegas, who is the CEO of ERCOT, which is the Texas grid, a couple of years ago, I said, well, what's the demand? What do you see by 2030? He said, we're going to need, I said, you're going to need 100% increase.
Chip CominsGUEST
He said, we're going to need 300%.
Chip CominsGUEST
Now they've upped that to 500%.
Shelby RoseHOST
News 88 7's Natalie Weber tells us more.
Natalie WeberCORRESPONDENT
The lieutenant governor's remarks come after controversy over a proposed raise for ERCOT CEO Pablo Vegas, as first reported by the Texas Tribune.
Natalie WeberCORRESPONDENT
The raise would have increased Vegas' total compensation to more than $6 million.
Natalie WeberCORRESPONDENT
ERCOT Chair Bill Flores pushed for the raise saying Vegas deserved it and said he had been in contact with Lieutenant Governor Dan Patrick about the salary increase.
speaker_1NARRATOR
The Independent Market Monitor said MISO's repricing of several hours a summertime emergency brought on by one of many heatwaves in the 2026 season eroded faith in MISO's markets.
speaker_0NARRATOR
ERCOT CEO's Compensation Package Put on Hold A top Texas lawmaker has intervened in the ERCOT board's approval of a five-year contract extension for CEO Pablo Vegas, saying now is not the time to hand out a multimillion-dollar pay raise on the backs of ratepayers.
Michael Quinn SullivanHOST
Lieutenant Governor Dan Patrick says he's lost confidence and trust in the board chairman of the Electric Reliability Council of Texas.
Michael Quinn SullivanHOST
The breaking point has been a contract extension for ERCOT's president and CEO Pablo Vegas.
Michael Quinn SullivanHOST
An ERCOT presentation earlier this week revealed that the grid operator would pay Vegas a maximum of $6.4 million over time.
Michael Quinn SullivanHOST
Of that amount, Vegas' maximum base pay plus incentives for the next year would be $4.4 million if he met key performance indicators set by the ERCOT board.
speaker_0NARRATOR
Now the rest of today's headlines.
speaker_0NARRATOR
The State Electric Grid Operators Board and utility regulators approved a new contract for CEO Pablo Vegas Tuesday.
speaker_0NARRATOR
The deal could have paid him $6.4 million in 2027.
speaker_0NARRATOR
Leaders later declined to finalize it after pressure from Lieutenant Governor Dan Patrick.
Todd JeffriesHOST
Newsman Chris Fox explains.
Chris FoxCORRESPONDENT
Reports that ERCOT CEO Pablo Vegas had been approved to make up to $6.4 million next year have been greatly exaggerated.
Chris FoxCORRESPONDENT
At least that's according to Lieutenant Governor Dan Patrick.
Chris FoxCORRESPONDENT
Earlier this week, ERCOT did agree to the raise, but now that's apparently been tabled.
Pablo VegasSOUNDBITE_SPEAKER
Two of them were all-time demand records.
Scott CarrCORRESPONDENT
And Pablo Vegas, who heads the Electric Reliability Council, says that's without the added load from data centers that are now lining up to join that state's power grid.
Pablo VegasSOUNDBITE_SPEAKER
Routinely, we are operating at demand levels that would have been exceptional just a few years ago.
Scott CarrCORRESPONDENT
He says there's plenty of power now, but that will not always be the case.
Pablo VegasSOUNDBITE_SPEAKER
Two of them were all-time demand records.
Scott CarrCORRESPONDENT
And Pablo Vegas, who heads the Electric Reliability Council, says that's without the added load from data centers that are now lining up to join that state's power grid.
Pablo VegasSOUNDBITE_SPEAKER
Routinely, we are operating at demand levels that would have been exceptional just a few years ago.
Scott CarrCORRESPONDENT
He says there's plenty of power now, but that will not always be the case.
Pablo VegasSOUNDBITE_SPEAKER
Two of them were all-time demand records.
Scott CarrCORRESPONDENT
And Pablo Vegas, who heads the Electric Reliability Council, says that's without the added load from data centers that are now lining up to join that state's power grid.
Pablo VegasSOUNDBITE_SPEAKER
Routinely, we are operating at demand levels that would have been exceptional just a few years ago.
Scott CarrCORRESPONDENT
He says there's plenty of power now, but that will not always be the case.