News Release

    May 27, 2010

    Trip Doggett Named ERCOT CEO

    Mike Cleary Named COO

    AUSTIN, TX, May 27, 2010 – The Board of Directors for the Electric Reliability Council of Texas, (ERCOT), the grid operator for most of the state, named Chief Operating Officer H.B. "Trip" Doggett president and chief executive officer, following a special joint nominating committee and board meeting today.

    Mr. Doggett has been serving as interim CEO since November 2009.

    "We have been extremely pleased with Trip''s leadership as interim CEO and believe he will continue to be an effective leader for ERCOT," Interim Board Chair Michehl Gent said. "Trip is exceptionally well-respected by the ERCOT staff and the market participants for his professional leadership. He is very familiar with ERCOT, the Texas electric market, and the nodal project so we are confident that he can ensure stable leadership for ERCOT, as well as the nodal project."

    Mr. Doggett joined ERCOT as senior vice president and chief operating officer in June 2008. He has more than 30 years experience in the electric power industry, including seven years as an independent consultant in the ERCOT market, providing consulting and project management services.

    Before coming to ERCOT, Mr. Doggett worked 22 years with Duke Energy where he led projects in the area of transmission substation engineering and was part of the team that launched the California Independent System Operator.

    The ERCOT Board also named Mike Cleary Chief Operating Officer. Mr. Cleary had been serving as Senior Vice President and Chief Technology Officer with responsibility for overseeing the nodal project to completion. His primary focus will continue to be implementation of the nodal project.

    Mr. Cleary has more than 28 years of industry experience in global electricity and traded-commodity markets, electricity deregulation and exchanges.

    The Electric Reliability Council of Texas (ERCOT) manages the flow of electric power to more than 25 million Texas customers -- representing about 90 percent of the state’s electric load. As the independent system operator for the region, ERCOT schedules power on an electric grid that connects more than 46,500 miles of transmission lines and 600+ generation units. It also performs financial settlement for the competitive wholesale bulk-power market and administers retail switching for 7 million premises in competitive choice areas. ERCOT is a membership-based 501(c)(4) nonprofit corporation, governed by a board of directors and subject to oversight by the Public Utility Commission of Texas and the Texas Legislature. Its members include consumers, cooperatives, generators, power marketers, retail electric providers, investor-owned electric utilities, transmission and distribution providers and municipally owned electric utilities.