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. He graduated from Boston University in 1987 with a BA in international relations. 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. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. 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. Brad Jones will fill the role in an interim capacity in early May. They resigned because legislatively, we said, heres what were going to do. He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. 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. Offers may be subject to change without notice. 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. See here for a complete list of exchanges and delays. 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. LinkedIn has officially entered its cringe era, and its working. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. 2023 Fortune Media IP Limited. 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. Brad Jones will fill the role in an interim capacity in early May. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | 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. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. 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. It crippled oil and gas production, and dozens of people died. Elizabeth Souder. 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. Enough jargon, he said, we have to speak in very clear terms.. 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. 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. | Posted: Apr 27, 2021 / 02:41 PM CDT. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. March 11, 2021 / 3:16 PM / CBS DFW. 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. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. 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. ERCOT Verified account @ERCOT_ISO. 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. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. 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. So far, 125 deaths across the state have been attributed to the storm and power outage. 2005-2022 Community Impact Newspaper Co. All rights reserved. More than 4 million Texas homes and businesses were without power over several days of bitter cold. 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. 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. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. 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. Mr. Rickerson is responsible for guiding new, in-depth generation inspections and coordinating enforcement actions with the Public Utility Commission. Texans can be confident that the grid is more prepared than ever before, he added. 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. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. Terms & Conditions. Dow and X-energy to build U.S. Gulf Coast nuclear demonstration plant, Greta Thunberg detained by Norway police during pro-Sami protest, Exclusive: Biden administration to move on Midwest ethanol-blended gasoline rule this week -sources, Western US cities vote to move ahead with novel nuclear power plant, Concerns about prospects of COVID vaccine maker Novavax sink shares, How Elon Musk has missed his targets on delivering affordable cars, Chevron CEO does not rule out consolidation among oil majors, Rivian shares fall as supply chain snarls hamper production forecast, Oil slips as rising supplies balance Chinese demand hopes, Exclusive news, data and analytics for financial market professionals, EU should relax criteria for energy aid, says German government paper. Vice President, Security & Compliance and Chief Compliance Officer. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. P.O. WebAs of 2022, Brad Joness net worth is $100,000 - $1M. Esto es lo que necesita saber para esta semana. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. 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. 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 was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. 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. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. 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. 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. He has lived in Austin since 2002 and is happily married with two daughters. Brad Jones will fill the role in an interim capacity in early May. 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. 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. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. 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. 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. I expect for that plan to be very specific and very aggressive, he said. 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. 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.. (Courtesy Public Utility Commission of Texas), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. All quotes delayed a minimum of 15 minutes. 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. 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 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. 4:45 PM Mar 11, 2021 CST 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. Our Standards: The Thomson Reuters Trust Principles. 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. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. 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. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. "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. 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. 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. 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). It should give you great confidence that were managing this grid in a much more reliable way. 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. 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 most recent job was chief executive of the New York Independent System Operator, which, similar to ERCOT, operates the New York state electrical grid. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Fort Worth Business Press 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. See here for a complete list of exchanges and delays. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. We're in the process of transitioning services for our Today in Houston newsletter. 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. 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They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. 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. Jones should listen to a range of voices on improving reliability. 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 (born April 1, 1986) is famous for being football player. The board gave Bill Magness a 60-day termination notice at the beginning of March. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. Dan Woodfin is ERCOTs Vice President of System Operations. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. 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. 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. 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. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. It was championed by Magness, who is leaving just as the first stages are rolled out. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. Send a letter to the editor and you just might get published. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. He has over 35 years of experience in the electric energy industry. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov 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. TPR was founded by and is supported by our community. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Notifications can be turned off anytime in the browser settings. 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.. 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. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. 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 On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. The Texas Public Utility Commission chair followed suit March 1. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. At least 111 Texans died as a result of the disaster, according to numbers released in March by the Department of State Health Services. 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. Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. 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. 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. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. During a cold spell earlier this month, natural gas production in Texas dropped significantly, but ERCOT did not report any significant power outages. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. And theres another point on Jones rsum that should give Texans confidence in him. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. We had a list from our Legislature within months We had most of the issues that the (federal commission) identified already resolved by the time they identified them.. 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. Contact herby emailor viaTwitter. 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. Vice President, Corporate Strategy and PUC Relations. 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. He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. The unprecedented outages caused as much as $129 billion in economic losses. 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. He has a long history of service in both the electric and gas industries. Why would a CEO in his 50s retire? 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. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. 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. Second, he plans to improve communication. 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. Jones was once Ercots chief operating officer, and is a Texan. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. 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. Read more about our editorial independence policyhere. Prior to joining NiSource, Mr. Vegas held a variety of senior executive positions with American Electric Power (AEP), including President and Chief Operating Officer of AEP Ohio, President and Chief Operating Officer of AEP Texas, and Vice President and Chief Information Officer of AEP. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New This article was originally published byFort Worth Report. Jones did not address the litigation during the town hall. 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. 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. 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. The beginning of March Greg Abbott had called for board members and other leaders to step down in the power. And human networks the strongest argument relying on authoritative content, attorney-editor expertise and. Explore ideas and policies for strengthening electric reliability, including more than 30 years of experience the! '' Jones said in Maine ( born April 1, 1986 ) is famous for being football player over years. Audit department administratively reports to mr. Seely, Magness has told Ercots board he wont seek or accept severance! 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