Jones will serve beginning May 4. So far, 125 deaths across the state have been attributed to the storm and power outage. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. Elizabeth is an editor on the breaking news desk. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. 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. He served as a versatile executive at NiSource for six years, holding numerous roles, including Chief Operating Officer, Executive Vice President and President of Columbia Gas Group, and Chief Customer Officer. By Hannah Brol His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. 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. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. ERCOT Verified account @ERCOT_ISO. And theres another point on Jones rsum that should give Texans confidence in him. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. 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. According to his LinkedIn page, he left for retirement after three years. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. Second, he plans to improve communication. 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. 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. 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 MacKenzie Sigalos. The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. ERCOT is a council of experts and executives from across the energy spectrum, including power generators, electricity retailers, natural gas pipeline operators, big, corporate consumers, and academics. 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. 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. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. 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. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. 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. Fri, Mar 18 2022 6:26 PM EDT. To View The Rest of This Article Please Visit kvue.com 2023 Fortune Media IP Limited. 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. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. Magness has maintained that ERCOT performed well during the energy crisis, and that the Public Utility Commission and state legislature hold most of the power when it comes to mandating grid resiliency. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. This article was originally published byFort Worth Report. He played a key role in the development of ERCOT energy and 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. While Jones was in New York, Gov. 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. Jones should listen to a range of voices on improving reliability. Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. DETAILS BELOW. 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. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. Brad Jones will fill the role in an interim capacity in early May. 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." That means Texas had no way of bringing in more electricity when the states power generators couldnt produce enough power to meet demand last February. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. Jones did not address the litigation during the town hall. 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. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes ERCOT announced that four of its board members resigned Wednesday, Feb. 24 following its board meeting, and a fifth board member separately submitted her resignation. 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. You could change us.. 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. Vice President and Chief Financial Officer. Magness is leaving the Electric Reliability Council of Texas after the board voted to terminate his employment and gave him a 60-day term notice, according to a notice to Ercot staff and contractors seen by Bloomberg News. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. Send a letter to the editor and you just might get published. He currently resides in Lansing. Hannah joined Community Impact Newspaper as a reporter in May 2016 after graduating with a degree in journalism from Sam Houston State University in Huntsville, Texas. Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. Vice President and Chief Information Officer. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. They resigned because legislatively, we said, heres what were going to do. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. 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. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. All of those members lived out of state, records show. 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. 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. In her role, Ms. Spak oversees all people functions at ERCOT and develops and oversees strategic human resource planning to provide the company with the best talent while also positioning ERCOT as a premier employer. 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 AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. Get smart opinions on the topics North Texans care about. P.O. See here for a complete list of exchanges and delays. I expect for that plan to be very specific and very aggressive, he said. Contact herby emailor viaTwitter. He wasnt ready to say if he is leaning to one idea or another. 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. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. 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. The Texas Public Utility Commission chair followed suit March 1. There is no recent news or activity for this profile. read more. Ms. Spak graduated from Southwestern University with a BA in psychology. First, he said, ERCOT needs stabilizing, the company itself and the market participants. He replaces Brad Jones, who led the organization as its interim-CEO following the February 2021 winter storm, when Texans across the state lost power and hundreds of people died. The industry leader for online information for tax, accounting and finance professionals. 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. 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. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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 current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. During the committee hearings held by state legislators last spring, Hancock said he was disturbed by the clear conflicts of interest on the Public Utility Commission, which regulates telecommunications, water and electric utilities across Texas. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. Esto es lo que necesita saber para esta semana. Mr. Taylor is a veteran of the U.S. Army, where he served as a forward observer. 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. 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. The board gave Bill Magness a 60-day termination notice at the beginning of March. 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. Prior to joining ERCOT, Mr. Seely was an attorney at the Texas Department of Insurance, working on enforcement matters against insurance agents and companies before the State Office of Administrative Hearings (SOAH) and the Commissioner of Insurance. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov Enough jargon, he said, we have to speak in very clear terms.. 05:24. 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. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. 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. 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. Mr. Taylor has a BBA from the University of Michigan. He didnt immediately respond to a LinkedIn message. Dan Woodfin is ERCOTs Vice President of System Operations. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. During a cold spell earlier this month, natural gas production in Texas dropped significantly, but ERCOT did not report any significant power outages. 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. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. Got an opinion about this issue? Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. In her role, Mrs. Hobbs oversees ERCOT relations with the Public Utility Commission of Texas (PUCT), enterprise risk management, strategic analysis, project and portfolio management, as well as ERCOT, Inc. business continuity planning. 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. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. If you'd like to sign up now, fill out the form below and we will add you as soon as we finish the transition. It was championed by Magness, who is leaving just as the first stages are rolled out. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. He has lived in Austin since 2002 and is happily married with two daughters. There, he oversaw Commercial Operations and Grid Planning and Operations. Vice President, Security & Compliance and Chief Compliance Officer. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. 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. 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). 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. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. 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 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. He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. 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 Brad Jones will fill the role in an interim capacity in early May. 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. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. All rights reserved. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. Haley Samsel is the environmental reporter for the Fort Worth Report. 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. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. Before his career in the regulated utility industry, Mr. Vegas served in senior leadership positions with IBM, PricewaterhouseCoopers, and Andersen Consulting. Jones has also 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. Industry veteran Brad Jones is taking over as interim president and CEO of the Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. 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.. The states utilities cant expect a once-in-100-year storm every year, but ERCOT must ensure its ready for the next one, Jones said. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. 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. Jones defended the design of Texas electricity market and power grid. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. Generators, the grid operator and politicians have clashed over who is to blame, pointing fingers at power plants that didnt prepare for winter, Texass highly deregulated power market, frozen natural gas wells and issues with the grid itself. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | 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. 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