The Texas Tribune wrote this article last week questioning whether Barry Smitherman — who regulates ERCOT in his capacity as the PUC chairman — could legally or ethically apply for the now-vacant ERCOT chief executive job, a $350,000-per-year gig.
Smitherman said over the last few weeks he "kicked around the idea" of making a play for the position. He even discussed the idea in executive session with ERCOT's board of directors, on which he sits as an ex-officio member. In the end, he said, while it "appeared to be legal," it just didn't feel right.
"I think to everybody — to the ERCOT board and to me — it just doesn't feel right to go forward," he said. "I've informed the ERCOT board I am not a candidate for the job."