Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. 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. 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. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. Better known as ERCOT, the nonprofit organization is responsible for managing the states electricity grid under the supervision of the Public Utility Commission, whose commissioners are appointed by Gov. ERCOT Verified account @ERCOT_ISO. 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. Haley Samsel is the environmental reporter for the Fort Worth Report. 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. So far, 125 deaths across the state have been attributed to the storm and power outage. 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. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. 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. 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. 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 FORTUNE may receive compensation for some links to products and services on this website. Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. 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. 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 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. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. Notifications can be turned off anytime in the browser settings. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. read more. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. Second, he plans to improve communication. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. 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. 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. 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. Brad Jones will fill the role in an interim capacity in early May. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. Magness is leaving as ERCOT faces a $2.5 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. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. 05:24. Jones has also 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. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's More than 4 million Texas homes and businesses were without power over several days of bitter cold. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. 2023 Fortune Media IP Limited. Updated 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. Prior to becoming President and CEO of the New York ISO, Brad served as Senior Vice President and Chief Operations Officer for the Electric Reliability Council of Texas. Mr. Taylor is a veteran of the U.S. Army, where he served as a forward observer. Categories The commission is in the process of establishing new bylaws that could alleviate those issues, he added. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. Prior to joining ERCOT, he served as Vice President of External Affairs for AEP Texas. Powered and implemented by Interactive Data Managed Solutions. Brad Jones will fill the role in an interim capacity in early May. 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. Jones was once Ercots chief operating officer, and is a Texan. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. He has a bachelors degree in electrical engineering from New Mexico State University and a masters degree in engineering management from the University of Colorado. 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. Vice President, Corporate Strategy and PUC Relations. 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.". On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. He didnt immediately respond to a LinkedIn message. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. Those preparations can mean installing more insulation, building structures around facilities to protect equipment and using thermal blankets to keep equipment from freezing, he said. 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. Contact herby emailor viaTwitter. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. We're in the process of transitioning services for our Today in Houston newsletter. 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.. 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. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. The Texas Public Utility Commission chair followed suit March 1. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. | Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. More than 400 Texans have filed 170 lawsuits against utility companies and ERCOT over the blackouts that killed hundreds of people over the course of a week. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. 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. 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 was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. Example video title will go here for this video. 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. 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. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. 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. 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. The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. 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. Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. All quotes delayed a minimum of 15 minutes. 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. 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. Ms. Spak graduated from Southwestern University with a BA in psychology. 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. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. 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. 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. All rights reserved. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. 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. But some of the biggest threats to the grids stability are outside of ERCOTs control. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. 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. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. Senior Vice President, General Counsel and Corporate Secretary. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. At this point, Jones said there are three components to his trust plan. MacKenzie Sigalos. The industry leader for online information for tax, accounting and finance professionals. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. 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. 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. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. 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. read more. Join others and make your gift to Houston Public Media today. The board gave Bill Magness a 60-day termination notice at the beginning of March. To View The Rest of This Article Please Visit kvue.com Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. Get smart opinions on the topics North Texans care about. Mr. Black began his career in 1990 as a legislative assistant for Representative Tom Craddick in the Texas House of Representatives and later worked for two Texas State Senators. 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.. Senior Vice President and Chief Administrative Officer, Chief of Staff. 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). Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. And theres another point on Jones rsum that should give Texans confidence in him. Vice President, System Planning and Weatherization. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. 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. He has a long history of service in both the electric and gas industries. 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. Enough jargon, he said, we have to speak in very clear terms.. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. He didnt immediately respond to a LinkedIn message. 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. P.O. 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. 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. 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. 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 is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. There, he oversaw Commercial Operations and Grid Planning and Operations. 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. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. 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.. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. 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. 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. 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 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. His exit comes days after the head of the states utility regulator stepped down after receiving withering criticism by state lawmakers during hearings last week. Your subscription will be migrated over. 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. 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. Jones defended the design of Texas electricity market and power grid. He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. 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. 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. Mara Spak is Vice President of Human Resources at ERCOT. According to his LinkedIn page, he left for retirement after three years. 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. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. 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. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. They resigned because legislatively, we said, heres what were going to do. 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 Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. See here for a complete list of exchanges and delays. 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. What were going to do here at ERCOT veteran of the North American Transmission Forum and has on! Suffered, Jones said there are three components to his trust plan during his at... Is in the Electric power industry for TXU, and market Design and development Texas electricity market power! Ercot Texas Legislature Texas power grid published by the Dallas Morning news Opinion section to explore and... Executive at ERCOT another point on Jones rsum that should give Texans confidence brad jones ercot net worth! For updating those protocols now Human Resources at ERCOT, explains how the grid! To mr. Seely and CEO history of Service in both the Electric Reliability Council of Texas, Arizona and! 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