LCRA's Board of Directors comprises 15 members appointed to six-year terms by the Governor and confirmed by the Texas Senate. The Board meets regularly to set strategic corporate direction for the general manager and staff, to approve projects and large expenditures and to review progress on major activities and issues.

The executive team is led by the general manager, who serves as chief executive officer and directs the daily activities of LCRA's staff. The general manager, general counsel and general auditor report to LCRA's Board of Directors. Reporting to the general manager is an executive team comprised of the Chief Financial Officer, Chief Operations Officer, and executive managers of Transmission Services, Strategic Resource Planning and Development, Employee and Communications Services, Environmental & Regulatory Services, and External Affairs (see LCRA Organization Chart).

LCRA's Board of Directors oversees two affiliates. All members of LCRA's Board also serve on the LCRA Transmission Services Corporation Board of Directors. Five members of LCRA's Board serve on the board of GenTex Power Corporation, along with four representatives from LCRA's wholesale electric customers.