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. He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. 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. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. Jones will assist Adrianne Brandt, the agencys new director, in her new role. 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.. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. There, he oversaw Commercial Operations and Grid Planning and Operations. And he said an important component of better communications is better relationships with the Public Utility Commission, the Texas Division of Emergency Management, the Railroad Commission, which regulates production of natural gas often used in power generation, and others. Vice President and Chief Information Officer. 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. He has lived in Austin since 2002 and is happily married with two daughters. 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. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Previously, Brad was a Director, Information Technol Read More According to his LinkedIn page, he left for retirement after three years. 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. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. We're in the process of transitioning services for our Today in Houston newsletter. "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. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. 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. 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. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. He earned both a BS in electrical engineering and an MBA from Texas A&M University. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. Esto es lo que necesita saber para esta semana. 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. Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. 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. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. 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. While Jones was in New York, Gov. 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. More than 4 million Texas homes and businesses were without power over several days of bitter cold. 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. 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 Electric Reliability Council of Texas hired an old hand as its interim chief executive. 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. 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. If you value our commitment to the highest standards of responsible journalism and are able to do so, please consider making your gift of support today. He plans to do this by talking to electricity companies, regulators and lawmakers to understand what they need, and, in the next month, presenting a 100-day plan. She 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. 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. 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. This years storm was far worse, and ERCOT needs to look at weatherization planning. The industry leader for online information for tax, accounting and finance professionals. Third is better dialogue on needed technical changes in the power market and ERCOT. Before his career in the regulated utility industry, Mr. Vegas served in senior leadership positions with IBM, PricewaterhouseCoopers, and Andersen Consulting. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. But some of the biggest threats to the grids stability are outside of ERCOTs control. Example video title will go here for this video. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender 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. He didnt immediately respond to a LinkedIn message. Categories Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. Updated Elizabeth is an editor on the breaking news desk. Brad Jones will fill the role in an interim capacity in early May. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. Ms. Spak graduated from Southwestern University with a BA in psychology. Industry veteran Brad Jones is taking over as interim president and CEO of the To View The Rest of This Article Please Visit kvue.com The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. 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). 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. She has over 20 years of experience in the electric industry. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. She is a former opinion editor on the editorial board and energy reporter for the business section. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. 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.. He wasnt ready to say if he is leaning to one idea or another. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. 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. Vice President, Security & Compliance and Chief Compliance Officer. Below the Waterlines: Houston After Hurricane Harvey, This story originally appeared on Texas Public Radio, A plan to overhaul the Texas grid has set up a showdown at the state Capitol, State regulators approve controversial Texas electricity market reform, State agency that oversees Texas power grid needs more money to do its job, Sunset Commission finds, Decembers freeze highlighted ongoing weaknesses of Texas power grid, even without widespread blackouts, Santa Fe High School shooter remains mentally incompetent to stand trial, further dragging on 5-year-old case, Santa Fe shooting survivor Trey Louis tugs at judges heartstrings on American Idol, Houston remains one of the most affordable big cities in the U.S., even if it no longer feels like it, Bun B announces part of RodeoHouston Southern Takeover lineup, DPS sent at least 3,000 drivers licenses to organized crime group targeting Asian Texans, As Texas STAAR test goes fully online, teachers feel defeated, Texas Education Agency projects confidence, No accountability: Kids in special education are routinely restrained. 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. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. 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 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. Get smart opinions on the topics North Texans care about. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. 2005-2022 Community Impact Newspaper Co. All rights reserved. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov All Rights Reserved. TPR was founded by and is supported by our community. See here for a complete list of exchanges and delays. See here for a complete list of exchanges and delays. 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. ERCOT Verified account @ERCOT_ISO. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. P.O. 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. Jones did not address the litigation during the town hall. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New 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. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. Fri, Mar 18 2022 6:26 PM EDT. 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. 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.. This caused some friction with the governors office, and Jones soon returned to Texas. 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. 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. 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 ERCOT doesnt have the power to mandate major changes. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. 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. Greg Abbott. Senior Vice President, General Counsel and Corporate Secretary. 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. He played a key role in the development of ERCOT energy and He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | The Texas Public Utility Commission chair followed suit March 1. Contact herby emailor viaTwitter. 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. 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. Jones has been to many rodeos. 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 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. 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. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. 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. 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. 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. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. All quotes delayed a minimum of 15 minutes. 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. Vice President and Chief Financial Officer. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. All rights reserved. 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. Dozens of insurance companies have also filed suit. Jones was once Ercots chief operating officer, and is a Texan. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. Haley Samsel is the environmental reporter for the Fort Worth Report. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. 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. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. 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. 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. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. | Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. 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. 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. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Brad Jones will fill the role in an interim capacity in early May. Jones defended the design of Texas electricity market and power grid. Read more about our editorial independence policyhere. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. 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. 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. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. 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. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. Elizabeth Souder. 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. So far, 125 deaths across the state have been attributed to the storm and power outage. Enough jargon, he said, we have to speak in very clear terms.. Brad Jones will fill the role in an interim capacity in early May. 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. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. 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. 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. 05:24. At this point, Jones said there are three components to his trust plan. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. FORTUNE may receive compensation for some links to products and services on this website. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. 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. WebAs of 2022, Brad Joness net worth is $100,000 - $1M. By Hannah Brol read more. 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. read more. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Vegas served in senior leadership positions with IBM, PricewaterhouseCoopers, and New Mexico board and energy reporter for newsletter... The topics North Texans care about renewable energy through battery storage, among other.... Storage, among other initiatives must ensure its ready for the newsletter, you do not need to sign again! Transportation, business, real estate development and nonprofits in these communities worldwide sources and experts decades of and. Not sure being connected to a bigger grid would actually have less chance of a! 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