An El Paso businessman, billionaire Paul Foster, has been named chairman of the new board for the Electric Reliability Council of Texas - ERCOT.
He is one of the first two members of the new ERCOT board, which is being reformed after last winter's near collapse of the Texas power grid, which ERCOT manages.
Many legislators were surprised to learn after the ice storm that most of the board members did not reside in Texas, and had no connection to the state.
Six remaining ERCOT board positions are to be filled in the coming months, according to the announcement recently made by the Public Utility Commission of Texas, which oversees ERCOT.
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