After two years on the job Bob Kahn, president and chief executive officer of Texas’ main electric grid operator, the Electric Reliability Council of Texas, will step down.
Kahn, who joined ERCOT in 2007 from Austin Energy, told the ERCOT board Tuesday that now was “the right time to leave.”
“I feel good about where the organization is now and can leave knowing that ERCOT is on solid ground and looking good for the future and for the launch of the nodal market in 2010,” Kahn said, according to an ERCOT press release. “I’ve been very focused the last few months on the budget process for 2010, and I’m pleased that the board approved that budget today.”
Kahn took over when ERCOT was just getting out from under the shadow of criminal charges angainst former employees who set up fake companies to bill the organization for work never done. He also had to take the heat for the massive cost overruns of the nodal project, which was started before his tenure.
No decision on an interim CEO or search plans for a permanent successor has been made yet, but the board and management will be reviewing options over the next month. Kahn said he would be working closely with the board over the next month to ensure a smooth transition to new leadership.