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. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. This article was originally published byFort Worth Report. First, he said, ERCOT needs stabilizing, the company itself and the market participants. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes (This extreme rate was sustained by the Public Utility Commission for days to try to incentivize power plant owners to get their plants working and back online, and the high rate ended up pushing some retailers into bankruptcy.). P.O. Mr. Seely has been with ERCOT since May 2005. 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. 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. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. By Hannah Brol After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. Its not surprising that on his first day on the job, Jones declined to offer a solution to the reliability issues that led to power outages in February. 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. Jones did not address the litigation during the town hall. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. 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. Vice President, Security & Compliance and Chief Compliance Officer. 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. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. Contact herby emailor viaTwitter. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. 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. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. Fri, Mar 18 2022 6:26 PM EDT. 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.. 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. The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. 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. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. Magness is leaving as ERCOT faces a $2.5 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. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. 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. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. 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. Vice President and Chief Financial Officer. More than 4 million Texas homes and businesses were without power over several days of bitter cold. 2023 Fortune Media IP Limited. 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. 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. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. Vice President, System Planning and Weatherization. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. Our Standards: The Thomson Reuters Trust Principles. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. 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. 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. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. Mr. Taylor has a BBA from the University of Michigan. 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. See here for a complete list of exchanges and delays. If past experience is any indication of future performance, he will. Magness is being terminated without cause, a spokesperson said, making him eligible for a severance of one-years current salary, according to his employment agreement. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. According to his LinkedIn page, he left for retirement after three years. 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. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. 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 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. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. 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. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. 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. 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. 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. 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. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov 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. DETAILS BELOW. Got an opinion about this issue? A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. Andrew Cuomo set out an ambitious goal to shift power generation in the state to 50% renewable by 2030. This caused some friction with the governors office, and Jones soon returned to Texas. Senior Vice President and Chief Administrative Officer, Chief of Staff. Brad Jones (born April 1, 1986) is famous for being football player. read more. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. ERCOT Verified account @ERCOT_ISO. We're in the process of transitioning services for our Today in Houston newsletter. Elizabeth Souder is commentary and Sunday Opinion editor and a member of the editorial board. 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. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. Brad Jones will fill the role in an interim capacity in early May. 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. Jones has been to many rodeos. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. It crippled oil and gas production, and dozens of people died. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. Powered and implemented by Interactive Data Managed Solutions. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. Brad Jones will fill the role in an interim capacity in early May. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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.. 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. Third is better dialogue on needed technical changes in the power market and ERCOT. It should give you great confidence that were managing this grid in a much more reliable way. Terms & Conditions. There, he oversaw Commercial Operations and Grid Planning and Operations. 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. Example video title will go here for this video. 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. 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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. At this point, Jones said there are three components to his trust plan. 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 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. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. April 27, 2021 Updated: April 27, 2021 6:24 p.m. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. 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. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. The Electric Reliability Council of Texas hired an old hand as its interim chief executive. Your subscription will be migrated over. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. 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. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. Dozens of insurance companies have also filed suit. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Read more about our editorial independence policyhere. He also previously served as the Vice President for Grid Control at Omnetric Group, which was formed as a joint venture between Siemens and Accenture to drive IT/OT convergence in the power industry. 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. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. 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. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. 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." In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. He has a long history of service in both the electric and gas industries. It was championed by Magness, who is leaving just as the first stages are rolled out. 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. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. 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 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. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. 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.". 4:45 PM Mar 11, 2021 CST The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. MacKenzie Sigalos. 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 He has lived in Austin since 2002 and is happily married with two daughters. 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. Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. 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. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. Get smart opinions on the topics North Texans care about. 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. Greg Abbott. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating 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). Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. Notifications can be turned off anytime in the browser settings. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. See here for a complete list of exchanges and delays. 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. April 27 (Reuters) - The board of ERCOT said on Tuesday that Brad Jones has been elected to serve as interim president and chief executive officer for the Texas The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. The Texas Public Utility Commission chair followed suit March 1. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. 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. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. 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. But some of the biggest threats to the grids stability are outside of ERCOTs control. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. Elizabeth is an editor on the breaking news desk. He didnt immediately respond to a LinkedIn message. Brad Jones will fill the role in an interim capacity in early May. 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. In business relationships and human networks soon returned to Texas caused some friction with the cold weather from,! Ercots control is better dialogue on needed Technical changes in the Electric Reliability Council Texas. The President and Chief Administrative Officer, Chief of Staff and as interim Chief Operating Officer ERCOT... Protocols now U.S. and other Leaders to step down in the state 50... 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