New ERCOT CEO expects Texas power grid to hold this winter

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New ERCOT CEO expects Texas power grid to hold this winter
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Pablo Vegas has more than a decade of experience in the power generation business and also has a background in computer technology.

, made his first public appearance Thursday with PUC chairman Peter Lake.

Vegas has more than a decade of experience in the power generation business and also has a background in computer technology.Vegas, who replaces Interim CEO Brad Jones, has a yearly base pay of just under a million dollars. His compensation package over 6 years is estimated to be close to $7 million. That amount could grow if certain goals are met.While changes should provide protection this winter, other critical changes may be harder to accomplish.

"So we continue to be tested, we continue to pass those test, that’s how we rebuild the trust and faith in the reliability of the electric grid," he said.

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