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. Notifications can be turned off anytime in the browser settings. Brad Jones will fill the role in an interim capacity in early May. Esto es lo que necesita saber para esta semana. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. 2023 Fortune Media IP Limited. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. 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. Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. 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. Dr. Tamby has a bachelors degree in electrical engineering from Anna University in India, and masters and doctorate degrees in electrical engineering from Queens University in Canada. Offers may be subject to change without notice. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. P.O. 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.". 05:24. For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. This article was originally published byFort Worth Report. And theres another point on Jones rsum that should give Texans confidence in him. read more. 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. All of those members lived out of state, records show. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. 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. 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. 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. 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. 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. It crippled oil and gas production, and dozens of people died. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. LinkedIn has officially entered its cringe era, and its working. Were going to have all new board members, theyre going to meet a certain criteria, theyre going to be able to make tough decisions on the spur of the moment.. 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 that role, he was responsible for managing CPS Energys activities at ERCOT and the Public Utility Commission of Texas (PUC) and developing strategic policy. ERCOT Verified account @ERCOT_ISO. 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. Get smart opinions on the topics North Texans care about. Send a letter to the editor and you just might get published. 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. Other, larger grids are not necessarily immune to issues, Capriglione added, pointing to Californias Pacific Gas & Electric, which has been blamed for more than 30 wildfires and faced a number of criminal charges. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender The board gave Bill Magness a 60-day termination notice at the beginning of March. 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. To View The Rest of This Article Please Visit kvue.com Terms & Conditions. According to his LinkedIn page, he left for retirement after three years. Mr. Seely also oversees the ERCOT Reliability Monitor function which assesses ERCOT and ERCOT Market Participant compliance with Texas electric reliability laws under the direction of the Public Utility Commission of Texas. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Updated He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. | Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. read more. 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. Before his career in the regulated utility industry, Mr. Vegas served in senior leadership positions with IBM, PricewaterhouseCoopers, and Andersen Consulting. 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." Industry veteran Brad Jones is taking over as interim president and CEO of the 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. 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. Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. Categories The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. 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. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. 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. The Texas Public Utility Commission chair followed suit March 1. 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. Vice President and Chief Information Officer. 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. 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. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. Elizabeth Souder. 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. 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. Jones has also During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. Fort Worth Business Press 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. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. It was championed by Magness, who is leaving just as the first stages are rolled out. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. 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. 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. 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. 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. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. Texans can be confident that the grid is more prepared than ever before, he added. Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. Example video title will go here for this video. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. I expect for that plan to be very specific and very aggressive, he said. 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. 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. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. It should give you great confidence that were managing this grid in a much more reliable way. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. Read more about our editorial independence policyhere. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | At this point, Jones said there are three components to his trust plan. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. She is a former opinion editor on the editorial board and energy reporter for the business section. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. 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 Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. 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. Dramatically shifting our power grid to cleaner energy is a good thing, but its only a politicians promise without electricity experts who know how to build a system to make it so. 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. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. Brad Jones (born April 1, 1986) is famous for being football player. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. 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. Jones will serve beginning May 4. You could change us.. 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 During a cold spell earlier this month, natural gas production in Texas dropped significantly, but ERCOT did not report any significant power outages. He didnt immediately respond to a LinkedIn message. She has over 20 years of experience in the electric industry. All quotes delayed a minimum of 15 minutes. 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, 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 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. But some of the biggest threats to the grids stability are outside of ERCOTs control. He played a key role in the development of ERCOT energy and Jones has been to many rodeos. 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 has a long history of service in both the electric and gas industries. Senior Vice President and Chief Administrative Officer, Chief of Staff. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. 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. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. Ms. Spak graduated from Southwestern University with a BA in psychology. 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. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. 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. 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. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. 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. 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. 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. ERCOT doesnt have the power to mandate major changes. By signing up you agree to our Terms of Service and Privacy Policy, Stand with us in our mission to discover and uncover the story of North Texas, The new ERCOT CEO wants to rebuild your trust in the Texas electricity grid, About half-million North Texans lose extra food benefits, Mall owner backs out of plans for paid parking at D-FW shopping center, D-FW under severe thunderstorm watch until noon as quick-moving storm hits region, Frisco trustee goes to conservative radio to defend transgender harassment accusation, Dallas police chief fires officer accused of inappropriate force, suspends different cop, Sean Menke, CEO of Southlake-based travel tech firm Sabre Corp., stepping down, Eli Lilly cuts insulin prices in move to make diabetes medicine more affordable, Texas urges five big pension funds to cut off financial firms boycotting fossil fuels, Shermans semiconductor hub attracts massive land buy for home development, Marriott fires back at Michael Irvins request for expedited evidence in $100M lawsuit, Mexicos democracy is in danger, and we could all pay the price, Conservative groups target American Airlines racial hiring efforts, NFL owners ask Jerry Jones to broker deal with Dan Snyder on Commanders sale, report says. 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. 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. Our Standards: The Thomson Reuters Trust Principles. March 11, 2021 / 3:16 PM / CBS DFW. All rights reserved. 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. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. 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. The new ERCOT CEO wants to rebuild your trust in the Texas electricity grid Brad Jones expects to present a 100-day plan within a month. From 2013 until 2018, Mr. gelman served on the Gulf Coast Power Associations (GCPA) Board of Directors, including presiding as Vice President in 2014 and President in 2015. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your 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. 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. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. Mr. Seely has been with ERCOT since May 2005. 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. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. The ERCOT board is deciding which of eight executive search firms that submitted proposals will handle the search for the permanent replacement, the organization said in a release. The unprecedented outages caused as much as $129 billion in economic losses. 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. We're in the process of transitioning services for our Today in Houston newsletter. If past experience is any indication of future performance, he will. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. But one thing the crisis does is it opens the opportunity for, I would hope, the legislature and the PUC and the Railroad Commission to understand that there is a serious issue here with gas supply, and now it needs to be solved.. 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. 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. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Jones should listen to a range of voices on improving reliability. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. 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