Selection Committee Names New ERCOT Board Chair, Additional Board Member
October 11, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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The Public Utility Commission of Texas (PUCT) today recognized Paul Foster and Carlos Aguilar as the first two selected directors of the Electric Reliability Council of Texas (ERCOT) Board.
The ERCOT Board Selection Committee named Mr. Foster and Dr. Aguilar today, and simultaneously designated Mr. Foster as the Chair of the ERCOT Board. These new board directors will serve alongside the Chairman of the PUCT, the Public Counsel at the Office of Public Utility Counsel, and the CEO of ERCOT.
As a result of these selections, the ERCOT Board is now constituted in accordance with Senate Bill 2 and is authorized to serve as ERCOT’s governing body.
Mr. Foster is the President of Franklin Management, LLC and the founder and former Executive Chairman of Western Refining, Inc. He has previously served as Chairman of the University of Texas System Board of Regents as well as a member of the Texas Higher Education Coordinating Board, the University of Texas System Lands Advisory Board, and the El Paso Branch of the Dallas Federal Reserve Bank.
Dr. Aguilar is President, CEO, and board member of Texas Central Partners, LLC, which is described as, "a Texas-based company developing the high-speed train that will connect North Texas to Houston." He also serves as a board member of Counterpart International, which is described as, "a leading organization strengthening civil society in over 60 countries around the world." Dr. Aguilar has significant experience leading global businesses and public-private development projects all over the world.
The remaining six board directors are expected to be named in the coming months.