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. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. He has a long history of service in both the electric and gas industries. If past experience is any indication of future performance, he will. Notifications can be turned off anytime in the browser settings. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. 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. Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. 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. He also worked in various executive-level capacities at TXU Energy, Luminant and parent company Energy Future Holdings.During the 1999 Texas legislative session, he participated in TXUs activities before the Texas Legislature to restructure the electric industry and allow customers to choose their electric suppliers. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. Those preparations can mean installing more insulation, building structures around facilities to protect equipment and using thermal blankets to keep equipment from freezing, he said. So far, 125 deaths across the state have been attributed to the storm and power outage. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. 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. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. Mara Spak is Vice President of Human Resources at ERCOT. It crippled oil and gas production, and dozens of people died. Join others and make your gift to Houston Public Media today. The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. 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 senior vice president and chief operating officer. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. This caused some friction with the governors office, and Jones soon returned to Texas. There, he oversaw Commercial Operations and Grid Planning and Operations. Prior to joining ERCOT, he served as Vice President of External Affairs for AEP Texas. 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. Jones most recent job was chief executive of the New York Independent System Operator, which, similar to ERCOT, operates the New York state electrical grid. Your subscription will be migrated over. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. P.O. All of those members lived out of state, records show. Magness is being terminated without cause, a spokesperson said, making him eligible for a severance of one-years current salary, according to his employment agreement. 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?. Got an opinion about this issue? Better known as ERCOT, the nonprofit organization is responsible for managing the states electricity grid under the supervision of the Public Utility Commission, whose commissioners are appointed by Gov. ERCOT and the Public Utility Commission of Texas, the regulator which oversees the grid operator, raised power prices to about 400 times the normal rate over five days. You could change us.. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. And that should give Texans hope that they wont have to spend the summer digging survival bunkers and stocking up on batteries and trail mix. 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. Offers may be subject to change without notice. MacKenzie Sigalos. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. Mr. Taylor is a veteran of the U.S. Army, where he served as a forward observer. He played a key role in the development of ERCOT energy and At least 111 Texans died as a result of the disaster, according to numbers released in March by the Department of State Health Services. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. Posted: Apr 27, 2021 / 02:41 PM CDT. She has over 20 years of experience in the electric industry. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. 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. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. 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. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. Industry veteran Brad Jones is taking over as interim president and CEO of the Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. Dozens of insurance companies have also filed suit. Greg Abbott. This op-ed is part of a series published by The Dallas Morning News Opinion section to explore ideas and policies for strengthening electric reliability. As Vice President of System Planning and Weatherization, Woody Rickerson oversees transmission planning, generator interconnection activities, training, and electric grid operations for the ERCOT region. 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. Read more about our editorial independence policyhere. Dow and X-energy to build U.S. Gulf Coast nuclear demonstration plant, Greta Thunberg detained by Norway police during pro-Sami protest, Exclusive: Biden administration to move on Midwest ethanol-blended gasoline rule this week -sources, Western US cities vote to move ahead with novel nuclear power plant, Concerns about prospects of COVID vaccine maker Novavax sink shares, How Elon Musk has missed his targets on delivering affordable cars, Chevron CEO does not rule out consolidation among oil majors, Rivian shares fall as supply chain snarls hamper production forecast, Oil slips as rising supplies balance Chinese demand hopes, Exclusive news, data and analytics for financial market professionals, EU should relax criteria for energy aid, says German government paper. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. 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 Gas is a very protected and treasured resource within the Texas economy and the Texas politics, so you have to pick your battles, Cramton said. Mrs. Hobbs graduated from Texas A&M University in 1998 with a BS in agribusiness and earned an MSc in agricultural economics from Texas A&M University in 2000. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Get smart opinions on the topics North Texans care about. Updated Third is better dialogue on needed technical changes in the power market and ERCOT. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. 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. Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12, Terminated ERCOT CEO says he won't seek or accept severance pay, Its all connected: How Februarys power outages knocked out natural gas wells, Simple fix to prevent future electric outages has yet to be mandated by the Texas legislature, Sen. Cornyn and Rep. Johnson introduce bipartisan bill to strengthen, winterize Texas power grid. LinkedIn has officially entered its cringe era, and its working. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. Lake and interim ERCOT CEO Brad Jones have been routinely describing the procurement of massive amounts of reserve capacity, even when they arent needed, as conservative. (now worth $600-$800 million per year) to storage that can sustain for 4 hours. They didnt meet the needs of either their customers or the state of Texas, and they faced penalties associated with that, financial penalties, Jones said. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. Previously, Brad was a Director, Information Technol Read More Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. All quotes delayed a minimum of 15 minutes. They resigned because legislatively, we said, heres what were going to do. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. According to his LinkedIn page, he left for retirement after three years. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Jones defended the design of Texas electricity market and power grid. 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. Brad Jones will fill the role in an interim capacity in early May. | 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. read more. While with NiSource, he was also chairman on the board of directors for One Columbus and a board of trustees member for the American Gas Foundation. 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). read more. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. 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." Fri, Mar 18 2022 6:26 PM EDT. Vice President and Chief Information Officer. April 27, 2021 Updated: April 27, 2021 6:24 p.m. Find the full series here: Keeping the Lights On. For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. Then, as the Texas electric market prepared for retail competition, he led several workgroups and committees in the ERCOT market participant forums that created the successful competitive electricity market in Texas. FORTUNE may receive compensation for some links to products and services on this website. The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. Brad Jones, CEO of New York's main electric grid operator from October 2015 to October 2018, will start his tenure as the president and CEO of ERCOT on May 4, the agency said Tuesday. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. 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. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. 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. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. Even after it covers some of that debt by using $800 million in revenues from another market, there remains a nearly $1.7 billion deficit. It should give you great confidence that were managing this grid in a much more reliable way.. 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. 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. In an effort to rebuild trust following the near-collapse of Texas power grid during last Februarys winter storm, Jones has traveled across the state to hold listening sessions everywhere from Odessa to Frisco. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. Earlier this month, ERCOT reported more than 300 inspections of power generating facilities, which take natural gas supply and other power sources and turn it into electricity for the grid. 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 gap left by the previous CEO who was ousted in the wake of a deadly blackout in February. It was championed by Magness, who is leaving just as the first stages are rolled out. If Ercot cannot come up with financing to cover the underpayments, the debt could end up being shared by everyone in the Texas market, including consumers. 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.. More than 4 million Texas homes and businesses were without power over several days of bitter cold. Magness will continue to serve as CEO and work with state leaders and regulators on potential reforms while Ercots board conducts a search for a replacement, according to the notice to staff and contractors. TPR was founded by and is supported by our community. 2005-2022 Community Impact Newspaper Co. All rights reserved. To View The Rest of This Article Please Visit kvue.com In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. This years storm was far worse, and ERCOT needs to look at weatherization planning. He also previously served as the Vice President for Grid Control at Omnetric Group, which was formed as a joint venture between Siemens and Accenture to drive IT/OT convergence in the power industry. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. Haley Samsel is the environmental reporter for the Fort Worth Report. 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. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov 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. Prior to joining NiSource, Mr. Vegas held a variety of senior executive positions with American Electric Power (AEP), including President and Chief Operating Officer of AEP Ohio, President and Chief Operating Officer of AEP Texas, and Vice President and Chief Information Officer of AEP. See here for a complete list of exchanges and delays. The Texas Public Utility Commission chair followed suit March 1. He currently resides in Lansing. August 8, 2022 Executive Employment Agreement. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. 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.". Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. April 27 (Reuters) - The board of ERCOT said on Tuesday that Brad Jones has been elected to serve as interim president and chief executive officer for the Texas In that role, he was responsible for managing CPS Energys activities at ERCOT and the Public Utility Commission of Texas (PUC) and developing strategic policy. And theres another point on Jones rsum that should give Texans confidence in him. 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. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. Before his career in the regulated utility industry, Mr. Vegas served in senior leadership positions with IBM, PricewaterhouseCoopers, and Andersen Consulting. Vice President and Chief Financial Officer. In 2019, Ms. Spak was promoted to Senior Director of Human Resources at ERCOT and was responsible for all Human Resource functions and programs. Jones comes on board at a time of intense scrutiny for the grid operator, following the February winter storm and power outages that affected the entire state. Vice President, Corporate Strategy and PUC Relations. He didnt immediately respond to a LinkedIn message. 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. I expect for that plan to be very specific and very aggressive, he said. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. The board gave Bill Magness a 60-day termination notice at the beginning of March. ERCOT, still reeling from criticism over its handling of the record winter freeze, announced last week that it hired Jones, 58, as interim chief executive for up to one year as the company conducts a search for a permanent leader. 2023 Fortune Media IP Limited. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. 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, Resource Integration & Ongoing Operations Resource Services. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. While Jones was in New York, Gov. At this point, Jones said there are three components to his trust plan. Jones was once Ercots chief operating officer, and is a Texan. He also leads advancements in generation and transmission planning to help meet long-term forecasting needs and ensures that the latest grid and technology changes are incorporated into models used by ERCOT for analysis. 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. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. Jones was once Ercots chief operating officer, and is a Texan. 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. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. He has over 35 years of experience in the electric energy industry. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. 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 Ms. Spak graduated from Southwestern University with a BA in psychology. The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. (This extreme rate was sustained by the Public Utility Commission for days to try to incentivize power plant owners to get their plants working and back online, and the high rate ended up pushing some retailers into bankruptcy.). Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. All Rights Reserved. Jones will assist Adrianne Brandt, the agencys new director, in her new role. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. By Hannah Brol Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. 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. Mr. Vegas currently serves on the board of directors at Northwest Bancshares, Inc. Mr. Vegas attended the Advanced Management Program at Harvard Business School, completed the AEP Strategic Leadership program at the Ohio State University, and graduated cum laude from the University of Michigan with a BS degree in mechanical engineering. The unprecedented outages caused as much as $129 billion in economic losses. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. 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. It should give you great confidence that were managing this grid in a much more reliable way. 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. Jones has also At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. Because Texas is independent, state leaders can also move with more speed to craft reforms and implement them without waiting for recommendations from the Federal Energy Regulatory Commission, Jones said. Senior Vice President, General Counsel and Corporate Secretary. Electricity transmission and distribution providers also need to have plans in place for turning off power intermittently during emergencies so customers can be safer and are not without power for many hours, Jones said. Vice President, System Planning and Weatherization. Esto es lo que necesita saber para esta semana. There is no recent news or activity for this profile. In November 2022 with more than 15 years of extensive experience in Human at... Its working of Directors has selected Brad Jones, who is leaving just brad jones ercot net worth!, Edison electric Institute and the FutureGen Industrial Alliance advisory Committee from to. Linkedin has officially entered its cringe era, and Jones soon returned to.. 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