Power grid officials have decided not to execute a contract that would have given the ERCOT CEO millions in additional bonuses. The contract had been approved by two boards for Pablo Vegas, but Lt. Gov.

Dan Patrick expressed disagreement with the deal. Following the backlash, officials chose to back away from the agreement. The ERCOT chief, Pablo Vegas, acknowledged the decision not to move forward with the contract.

Further details about the contract and the decision to abandon it are available from the source. The reaction from Lt. Gov.

Dan Patrick played a role in the outcome, leading to the contract being set aside.