And theres another point on Jones rsum that should give Texans confidence in him. In March 2019, she transitioned to editor of the Spring/Klein edition and later became the editor of both the Spring/Klein and Lake Houston/Humble/Kingwood editions in June 2021. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. The Texas Legislature is considering bills to allow ERCOT to securitize the IOUs, and Jones acknowledged that could put the grid operator in the unusual position of issuing bonds. Three weeks after the the state's power grid failed leaving millions of Texans without power amid freezing temperatures, the Public Utility Commission of Texas named Adrianne Brandt as the agency's new director of ERCOT accountability in a. Categories He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. "Over the next few weeks, I will be meeting with ERCOT staff, elected officials and leaders of various state agencies and developing a 100-day strategic plan to present to state officials and the public. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. It should give you great confidence that were managing this grid in a much more reliable way.. Previously, Mr. gelman worked as a Senior Economist for the Texas Office of Public Utility Counsel, which represents residential electric consumers in Texas, from 1997 to 2007. FORTUNE may receive compensation for some links to products and services on this website. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. While Jones was in New York, Gov. They were basically from the industry and had to determine at certain points: Do I do whats best for ERCOT or, you know, where Im getting a paycheck? Hancock, who represents portions of Tarrant and Dallas counties, said. Elizabeth is an editor on the breaking news desk. He will lead the grid operator past the February outage crisis and into the crucial summer months at a time when the economy is reawakening and more people are moving to Texas, bumping up demand for electricity. Get smart opinions on the topics North Texans care about. Our Standards: The Thomson Reuters Trust Principles. His experience with the electric industry in the United States and Canada, as well as Kosovo, Afghanistan, and sub-Saharan Africa, has provided Dr. Tamby with broad leadership and technical experience, including system operations, market design and implementation, enterprise architecture, and international development and corporate management. Mrs. Hobbs joined ERCOT in 2002 after serving for two years as a Senior Retail Market Analyst for the PUCT,where she worked with the Commission to implement policy in the Texas electric industrys transition to competition. First, he said, ERCOT needs stabilizing, the company itself and the market participants. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. Pablo Vegas joined ERCOT in October 2022 as President and CEO. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. He wasnt ready to say if he is leaning to one idea or another. Peter Cramton, who resigned as vice chair of the ERCOT board after the outages, said one of incoming CEO Brad Jones major challenges will be communicating the need to weatherize the supply of natural gas. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. She was named Director of Enterprise Risk Management and Strategic Analysis in December 2013,where she focused on providing the leadership and management necessary to identify, evaluate, mitigate, and monitor the companys operational and strategic risk, leading ERCOTs strategic and business planning processes, and providing guidance for the ERCOT governance process, especially as it relates to Market Rules. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. Prior to CI, Hannah served as associate editor of The Houstonian, interned with Community Impact Newspaper and spent time writing for the Sam Houston State University College of Fine Arts and Mass Communication and The Huntsville Item. Subsequently, he received an MA in economics from the University of Texas at Arlington in 1991 and an MA in Middle Eastern studies from the University of Texas at Austin in 1995. Dan Woodfin is ERCOTs Vice President of System Operations. Jones did not address the litigation during the town hall. Got an opinion about this issue? ERCOT ousted Bill Magness as CEO in March after a February winter storm caused widespread blackouts across Texas, a state unaccustomed to extreme cold, leaving residents without heat, power or water for days. Mr. Woodfin has over 30 years of experience in the electric power industry, including leadership positions in both system planning and system operations for ERCOT. Your subscription will be migrated over. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO for the organization that manages the Texas power grid. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. Why would a CEO in his 50s retire? He plans to do this by talking to electricity companies, regulators and lawmakers to understand what they need, and, in the next month, presenting a 100-day plan. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. 4:49 PM Mar 11, 2021 CST, Three weeks after the the state's power grid failed leaving millions of Texans without power amid freezing temperatures, the Public Utility Commission of Texas named Adrianne Brandt as the agency's new director of ERCOT accountability in a news release March 11. Posted: Apr 27, 2021 / 02:41 PM CDT. Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. She is a former opinion editor on the editorial board and energy reporter for the business section. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. Senior Vice President, General Counsel and Corporate Secretary. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. Before joining AEP, Mr. Black served as Texas Governor Rick Perrys Press Secretary and Communications Director from 2003-2008, and also worked as a Senior Communications Advisor for Greg Abbott during his 2002 and 2014 campaigns, respectively. April 27 (Reuters) - Brad Jones has been elected interim president and chief executive officer of the Texas grid operator ERCOT, its board said on Tuesday, filling the Brad Jones will fill the role in an interim capacity in early May. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. If we were part of a federally regulated system, wed probably still be asking for permission to do some of the things weve already implemented in place for this winter. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. Magness hasdefendedthe grid operators decision to call for the largest forced poweroutagein U.S. history, saying Texas came within seconds and minutes of catastrophic grid failures. Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. I expect for that plan to be very specific and very aggressive, he said. Chad V. Seely is Senior Vice President, General Counsel, and Corporate Secretary for ERCOT and has been serving as General Counsel since January 1, 2016. Fri, Mar 18 2022 6:26 PM EDT. Jones defended the design of Texas electricity market and power grid. Before his career in the regulated utility industry, Mr. Vegas served in senior leadership positions with IBM, PricewaterhouseCoopers, and Andersen Consulting. He has over 35 years of experience in the electric energy industry. Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. March 11, 2021 / 3:16 PM / CBS DFW. Example video title will go here for this video. April 27, 2021 Updated: April 27, 2021 6:24 p.m. Notifications can be turned off anytime in the browser settings. She has over 20 years of experience in the electric industry. Jones comes to ERCOT at a pivotal juncture not just because of the fallout from the winter outages, but also because of a slate of major new programs and market rules designed to modernize the grid. Powered and implemented by Interactive Data Managed Solutions. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. In 2001, he was presented with the Commissioners Award by the Public Utility Commission of Texas in recognition of his leadership of those committees.Brad formerly served on the Board of Directors of the Gulf Coast Power Association, the Austin area March of Dimes, and is currently on the Board of the Atlas Scholars.Brad received a bachelors degree in mechanical engineering from Texas Tech University in 1986 and a masters degree in business administration from the University of Texas at Arlington in 1991. The unprecedented outages caused as much as $129 billion in economic losses. He released a statement following the announcement on Tuesday, saying he would "work to restore ERCOT's reputation as that reliable and trustworthy driver of our grid and the economy.". The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. Magness is leaving as ERCOT faces a$2.5 billion shortfallin payments from retail power providers and others after electricity prices skyrocketed during the energy crisis. But some of the biggest threats to the grids stability are outside of ERCOTs control. Were bringing on more reserves in various situations where we see cold fronts come through, bringing on board reserves, and keeping those reserves on to make sure that if something unexpected happens, that we have those reserves available, Jones said. The effect of being connected to another power grid would have been negligible during the storm, Jones said, because power supplies from the far east would have been consumed by states around Texas also experiencing electricity issues before it reached Texans. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov Brad Jones, ERCOT's interim CEO, in a statement said he "welcomes these highly qualified leaders, their expertise and insights into our relentless pursuit of grid reliability." He currently resides in Lansing. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. TPR was founded by and is supported by our community. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. See here for a complete list of exchanges and delays. They resigned because legislatively, we said, heres what were going to do. He knows that all potential solutions building more plants, re-regulating the industry, fundamentally changing the market to favor more capacity, building more power lines also present serious challenges. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. The Commission named Adrianne Brandt director of ERCOT Inc. accountability, and former ERCOT COO Brad Jones will assist her in a consultant role, the PUC said March 11. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. April 27 (Reuters) - Brad Jones has been elected interim president and chief executive officer of the Texas grid operator ERCOT, its board said on Tuesday, filling the Sean Taylor was named Vice President and Chief Financial Officer in October 2019 after serving as ERCOTs Controller since joining the company in February 2013. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. The ERCOT board of directors selected its interim president and CEO Tuesday after the 60-day period following the firing of Bill Magness in March in the wake of February's winter storm. In a press release, ERCOT said Jones will serve in the position for up to a year while the board searches for a permanent replacement. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. Brad Jones, former head of New Yorks power grid, is the leading candidate to replace Magness as Ercots new CEO, according to people familiar with the boards thinking. Algorithmic rank assigned to the top 100,000 most active People, The organization associated to the person's primary job, Total number of current Jobs the person has, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of events the individual appeared in, Senior Vice President and Chief Operations Officer. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. Greg Abbott. August 8, 2022 Executive Employment Agreement. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. Jones should listen to a range of voices on improving reliability. His exit comes days after the head of the states utility regulator stepped down after receiving withering criticism by state lawmakers during hearings last week. He graduated from Boston University in 1987 with a BA in international relations. We have to make sure we go about it the right way so that were attracting the right types of (power) generation to meet the needs of our customers every day.. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. The agency is also focusing on improving its communications so that customers get a single message and not four or five messages that are conflicting from their energy provider and the state, he said. His work examines the institutions and policies affecting millions of students and families across Texas, with a focus on Houston home to the largest school district in the state. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. It should give you great confidence that were managing this grid in a much more reliable way. Thats the job of the Public Utility Commission (PUC), which oversees ERCOT and regulates the grid, as well as the Railroad Commission, which regulates the natural gas sector. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. Prior to ERCOT, Mr. Vegas was Executive Vice President of NiSource, and Group President of NiSource Utilities, where he oversaw NiSources electric and gas business segments and championed outstanding service to NiSource customers. Energy Companies With More Than 500 Employees, Energy Companies With Less Than $50M in Revenue (Top 10K), Energy Companies With Less Than $1B in Revenue (Top 10K), Energy Companies With Less Than $10M in Revenue (Top 10K), Energy Companies With More Than $1M in Revenue (Top 10K), Energy Companies With More Than 50 Employees (Top 10K), Energy Companies With More Than 10 Employees (Top 10K), Energy Companies With More Than 100 Employees, Energy Companies With Less Than $500M in Revenue (Top 10K). She joined ERCOT in 2015 as Director of Total Rewards and Systems and was responsible for the companys compensation, benefits, human resources systems, and corporate payroll. All quotes delayed a minimum of 15 minutes. Industry veteran Brad Jones is taking over as interim president and CEO of the The Electric Reliability Council of Texas hired an old hand as its interim chief executive. AUSTIN, TX On April 27, the ERCOT Board of Directors announced their selection of Brad Jones as the new interim President and CEO, effective May 4, 2021. Second, he plans to improve communication. He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. Bill Magness, chief executive officer of the Texas power grid operator, will leave his post in the wake of the February energy crisis that left millions of people in the state without electricity and heat for days. The board gave Bill Magness a 60-day termination notice at the beginning of March. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. ERCOT said in a release that Jones has over 30 years of experience in the energy sector and held positions with ERCOT from April 2013 to October 2015, including Find the full series here: Keeping the Lights On. 05:24. We had a list from our Legislature within months We had most of the issues that the (federal commission) identified already resolved by the time they identified them.. Third is better dialogue on needed technical changes in the power market and ERCOT. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. By, How the ongoing drought impacts the Hill Country, Gulf of Mexico warming at faster rate than global ocean, study finds, Bills make their way to committees at the Capitol this week, the first step toward possible passage, Why hurricanes feel like they're getting more frequent. Brad Jones, the interim chief executive of the Electric Reliability Council of Texas, has been a busy man since taking over the troubled agency last May. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. This caused some friction with the governors office, and Jones soon returned to Texas. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. The industry leader for online information for tax, accounting and finance professionals. It was championed by Magness, who is leaving just as the first stages are rolled out. They were basically from the industry and had to determine at certain points: Do I do whats best for ERCOT or, you know, where Im getting a paycheck?. He earned both a BS in electrical engineering and an MBA from Texas A&M University. Prior to becoming President and CEO of the New York ISO, Brad served as Senior Vice President and Chief Operations Officer for the Electric Reliability Council of Texas. It crippled oil and gas production, and dozens of people died. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. Mara Spak is Vice President of Human Resources at ERCOT. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. Its not surprising that on his first day on the job, Jones declined to offer a solution to the reliability issues that led to power outages in February. Mr. Taylor has a BBA from the University of Michigan. Iconic German restaurant in Fort Worth closing doors after 56 years, Enough | Black MENtal Health: Shedding light on asking for help, finding community and resources, Thunderstorms develop in North Texas: Latest radar, timeline here. (Courtesy Public Utility Commission of Texas), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. Jones was elected to serve until the position has been permanently filled, up to a term of one year, effective May 4, the Electric Reliability Council of Texas board said in an emailed statement. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. A long-time leader among ERCOT stakeholders, Brad chaired ERCOTs Technical Advisory Committee, a. cross-functional group that provides recommendations to the ERCOT Board of Directors related to operating guides and market protocols. Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. Brad Jones will fill the role in an interim capacity in early May. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. Send a letter to the editor and you just might get published. Mr. Parakkuth has a masters degree in power systems and power electronics from the Indian Institute of Technology Bombay, and an MBA in information systems and finance from the University of Minnesota. LinkedIn has officially entered its cringe era, and its working. Subchapter M Default Balance Securitization, Subchapter N Uplift Balance Securitization, Proposed Brazos and ERCOT Bankruptcy Settlement, Independent Market Information System Registered Entity, Transmission/Distribution Service Providers, Access registration forms and other documents >, Market Coordination Team for Texas SET Version Releases, Texas Data Transport and MarkeTrak Systems Working Group, Texas Standard Electronic Transaction Working Group, Performance, Disturbance, Compliance Working Group, Planning Geomagnetic Disturbance Task Force, Protocol Interpretation Request Submission Process, Texas Standard Electronic Transaction Guides, Aggregate Distributed Energy Resource (ADER) Pilot Project, 30-Minute Emergency Response Service - Completed, Fast Responding Regulation Service - Completed, Weather-Sensitive Emergency Response Service - Completed, Other Binding Documents Revision Requests, Backcasted (Actual) Load Profiles - Historical, TDSP Distribution Loss Factors - Methodology, IDR Protocol Compliance Verification - Historical, Executive Employment Agreement between ERCOT and Pablo Vegas, Texas Tribune Request for Employment Contracts with ERCOT Interim CEO Brad Jones, Resource Integration & Ongoing Operations Resource Services. Potomac Economics, which monitors the state's power market, said in March that ERCOT kept market prices too high for more than a day after widespread outages ended. ERCOT Verified account @ERCOT_ISO. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. During a cold spell earlier this month, natural gas production in Texas dropped significantly, but ERCOT did not report any significant power outages. He has lived in Austin since 2002 and is happily married with two daughters. He has a bachelors degree in electrical engineering from New Mexico State University and a masters degree in engineering management from the University of Colorado. All Rights Reserved. Mr. Taylor has more than 20 years of finance experience in various roles. Brad Jones, the interim chief executive of the Electric Reliability Council of Texas, has been a busy man since taking over the troubled agency last May. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Previously, Brad was a Director, Information Technol Read More Andrew Cuomo set out an ambitious goal to shift power generation in the state to 50% renewable by 2030. Brad Jones, UT Arlington alumnus, will be working on ERCOT accountability at the Public Utility Commission of Texas, The Texas Energy Report, KVUE ABC 24 and KTVT CBS 11 reported. He is currently responsible for the strategic vision, planning, and leadership of the Finance, Human Resources, Enterprise Architecture, Market Rules and Stakeholder Support, Project Management, Strategic Planning, Enterprise Risk Management, Portfolio Management, and Business Continuity functions. From the impact of the growing electric vehicle market on the grid to the legislative actions taken after Winter Storm Uri, Jones said, ERCOT is preparing generators to provide enough power for a booming population amid weather challenges. Brad Jones will fill the role in an interim capacity in early May. He played a key role in the development of ERCOT energy and **Please note** If you are already signed up for the newsletter, you do not need to sign up again. In this role, Mr. Woodfin leads Real-Time Operations, Operations Planning, Forecasting and Ancillary Services, Outage Coordination, and other engineering activities that support the reliable operation of the power system and promote efficient power markets. Below the Waterlines: Houston After Hurricane Harvey, This story originally appeared on Texas Public Radio, A plan to overhaul the Texas grid has set up a showdown at the state Capitol, State regulators approve controversial Texas electricity market reform, State agency that oversees Texas power grid needs more money to do its job, Sunset Commission finds, Decembers freeze highlighted ongoing weaknesses of Texas power grid, even without widespread blackouts, Santa Fe High School shooter remains mentally incompetent to stand trial, further dragging on 5-year-old case, Santa Fe shooting survivor Trey Louis tugs at judges heartstrings on American Idol, Houston remains one of the most affordable big cities in the U.S., even if it no longer feels like it, Bun B announces part of RodeoHouston Southern Takeover lineup, DPS sent at least 3,000 drivers licenses to organized crime group targeting Asian Texans, As Texas STAAR test goes fully online, teachers feel defeated, Texas Education Agency projects confidence, No accountability: Kids in special education are routinely restrained. 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