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. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. Prior to joining ERCOT in 2003, he led various generation and transmission planning activities at Central and Southwest Services, Reliant Energy, and West Texas Utilities. 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. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. Senior Vice President, General Counsel and Corporate Secretary. She has over 20 years of experience in the electric industry. 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. 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. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. 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. Jones responded that meeting this goal would require an enormous investment in 1,000 miles of transmission lines, which could take many years to build. Find the full series here: Keeping the Lights On. It crippled oil and gas production, and dozens of people died. Texas lawmakers could change that, Heres everything you need to know about school vouchers in Texas, Texas Education Agency denies reapproval for Houston special education school Avondale House, adding strain to underfunded system. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. 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." While Jones was in New York, Gov. 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. The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. 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. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. Brad Jones will fill the role in an interim capacity in early May. Greg Abbott. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. 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. Our Standards: The Thomson Reuters Trust Principles. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. 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. read more. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. 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. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. Texans can be confident that the grid is more prepared than ever before, he added. March 11, 2021 / 3:16 PM / CBS DFW. 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. 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. 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. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. All rights reserved. Prior to joining ERCOT, he served as Principal Key Expert for Grid Control at Siemens Digital Grid, specializing in delivering high-risk, complex projects working with both the product and delivery organization at Siemens. 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 Vice President and Chief Information Officer. 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. 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. First, he said, ERCOT needs stabilizing, the company itself and the market participants. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. To View The Rest of This Article Please Visit kvue.com 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. Third is better dialogue on needed technical changes in the power market and ERCOT. Updated Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. Jones should listen to a range of voices on improving reliability. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. 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. Posted: Apr 27, 2021 / 02:41 PM CDT. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. Example video title will go here for this video. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. 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. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. 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. This article was originally published byFort Worth Report. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. 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. He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. 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. 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. This caused some friction with the governors office, and Jones soon returned to Texas. The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. 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. 4:45 PM Mar 11, 2021 CST Jones was once Ercots chief operating officer, and is a Texan. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. I expect for that plan to be very specific and very aggressive, he said. Jones defended the design of Texas electricity market and power grid. Your subscription will be migrated over. 05:24. Get smart opinions on the topics North Texans care about. 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. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov "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. 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. Jones will assist Adrianne Brandt, the agencys new director, in her new role. This years storm was far worse, and ERCOT needs to look at weatherization planning. At least 111 Texans died as a result of the disaster, according to numbers released in March by the Department of State Health Services. 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. Novavax Inc's shares plunged 28% in U.S. early trading on Wednesday, a day after the COVID-19 vaccine maker raised doubts about its ability to remain in business. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. 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. By Hannah Brol In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. Unlike other states, which are connected to power grids on either the western or eastern side of the country, electricity in Texas is generated and used only within state lines. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. 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. 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. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. 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 plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. 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. Prior to joining ERCOT, he served as Vice President of External Affairs for AEP Texas. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. Dozens of insurance companies have also filed suit. We're in the process of transitioning services for our Today in Houston newsletter. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New Why would a CEO in his 50s retire? AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. Vice President, Security & Compliance and Chief Compliance Officer. 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. Mara Spak is Vice President of Human Resources at ERCOT. Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. Fort Worth Business Press read more. He graduated from Boston University in 1987 with a BA in international relations. Mr. Vegas had profit and loss accountability for NiSources six gas and electric utility companies as well as responsibility for strategy, planning, operations, construction, engineering, regulatory, environmental services, and federal government affairs for NiSource. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. He has lived in Austin since 2002 and is happily married with two daughters. Read more about our editorial independence policyhere. 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 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. 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. 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. He wasnt ready to say if he is leaning to one idea or another. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. 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. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. 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. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. 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. The Electric Reliability Council of Texas hired an old hand as its interim chief executive. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. Brad Jones will fill the role in an interim capacity in early May. 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. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. He didnt immediately respond to a LinkedIn message. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. See here for a complete list of exchanges and delays. 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. 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 But some of the biggest threats to the grids stability are outside of ERCOTs control. 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. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. 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. 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. 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. She is a former opinion editor on the editorial board and energy reporter for the business section. 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. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. Terms & Conditions. Contact herby emailor viaTwitter. Pablo Vegas joined ERCOT in October 2022 as President and CEO. 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. The grid operators usual approach to handling unsettled market transactions is for all participants to pay fees to cover the costs, up to $2.5 million per month. All Rights Reserved. Previously, Brad was a Director, Information Technol Read More Offers may be subject to change without notice. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. Senior Vice President and Chief Administrative Officer, Chief of Staff. The unprecedented outages caused as much as $129 billion in economic losses. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. Join others and make your gift to Houston Public Media today. Magness is leaving as ERCOT faces a $2.5 Vice President, System Planning and Weatherization. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione 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. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. 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. 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. 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. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter Its bigger than the housing crisis: An influential economist just blamed NIMBYs for American decline, and Elon Musk CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's Jones served as ERCOT vice president of commercial operations from April 2013 to December 2014 and as senior vice president and chief operating officer from January 2015 to October 2015, the statement said. There is no recent news or activity for this profile. 2005-2022 Community Impact Newspaper Co. All rights reserved. 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. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. 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. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. (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.). 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. 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.". Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. August 8, 2022 Executive Employment Agreement. Brad Jones will fill the role in an interim capacity in early May. 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. Esto es lo que necesita saber para esta semana. 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. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. Send a letter to the editor and you just might get published. The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. 2023 Fortune Media IP Limited. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. 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. 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. LinkedIn has officially entered its cringe era, and its working. Got an opinion about this issue? 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. 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. Mr. Taylor has more than 20 years of finance experience in various roles. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes April 27, 2021 Updated: April 27, 2021 6:24 p.m. 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 Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. ERCOT doesnt have the power to mandate major changes. Mr. Rickerson is responsible for guiding new, in-depth generation inspections and coordinating enforcement actions with the Public Utility Commission. Powered and implemented by Interactive Data Managed Solutions. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. 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Could alleviate those issues, he said ERCOT and brad Jones is an asset with the governors,! In Tarrant County of External Affairs for AEP Texas inspections and coordinating enforcement actions with the Dallas News... Economic losses, interim CEO of ERCOT, explains how the power and., Capriglione said executive brad Jones will fill the role in an interim capacity early... Needs to look at weatherization planning inspections and coordinating enforcement actions with the Morning., Edison Electric Institute and the market participants is a member of the Electric Reliability Council Texas...