Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. 05:24. Your subscription will be migrated over. 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. 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 defended the design of Texas electricity market and power grid. 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. 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. 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. While Jones was in New York, Gov. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. 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 earned both a BS in electrical engineering and an MBA from Texas A&M University. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. (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.). RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. 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. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. 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. Jones has also All Rights Reserved. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. 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. 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. Jones was once Ercots chief operating officer, and is a Texan. MacKenzie Sigalos. 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. Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. 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. Magness will continue to serve as CEO and work with state leaders and regulators on potential reforms while Ercots board conducts a search for a replacement, according to the notice to staff and contractors. Contact herby emailor viaTwitter. Categories Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. LinkedIn has officially entered its cringe era, and its working. It crippled oil and gas production, and dozens of people died. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender Posted: Apr 27, 2021 / 02:41 PM CDT. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. In this role, Mr. Woodfin leads Real-Time Operations, Operations Planning, Forecasting and Ancillary Services, Outage Coordination, and other engineering activities that support the reliable operation of the power system and promote efficient power markets. He 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. Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. 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. 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 will lead the grid operator past the February outage crisis and into the crucial summer months at a time when the economy is reawakening and more people are moving to Texas, bumping up demand for electricity. 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, 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." FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. read more. The industry leader for online information for tax, accounting and finance professionals. 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. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. 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.. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. 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. 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. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. 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. He has lived in Austin since 2002 and is happily married with two daughters. Vice President and Chief Financial Officer. The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. DETAILS BELOW. Powered and implemented by Interactive Data Managed Solutions. 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. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. All of those members lived out of state, records show. 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. 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, Resource Integration & Ongoing Operations Resource Services. The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes Join others and make your gift to Houston Public Media today. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. 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. ERCOT Verified account @ERCOT_ISO. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Third is better dialogue on needed technical changes in the power market and ERCOT. There, he oversaw Commercial Operations and Grid Planning and Operations. 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. During a cold spell earlier this month, natural gas production in Texas dropped significantly, but ERCOT did not report any significant power outages. 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. This caused some friction with the governors office, and Jones soon returned to Texas. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. 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. 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. 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. Before his career in the regulated utility industry, Mr. Vegas served in senior leadership positions with IBM, PricewaterhouseCoopers, and Andersen Consulting. The Electric Reliability Council of Texas hired an old hand as its interim chief executive. 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. 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. If past experience is any indication of future performance, he will. 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. In 2019, Ms. Spak was promoted to Senior Director of Human Resources at ERCOT and was responsible for all Human Resource functions and programs. Greg Abbott. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. 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. All quotes delayed a minimum of 15 minutes. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. 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. Jones did not address the litigation during the town hall. Second, he plans to improve communication. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. 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. The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. 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. More than 4 million Texas homes and businesses were without power over several days of bitter cold. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. 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. Read more about our editorial independence policyhere. 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 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. And theres another point on Jones rsum that should give Texans confidence in him. 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 He wasnt ready to say if he is leaning to one idea or another. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. Mr. Seely has been with ERCOT since May 2005. 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 Commission named Adrianne Brandt director of ERCOT Inc. accountability, and former ERCOT COO Brad Jones will assist her in a consultant role, the PUC said March 11. The 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. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. Vice President, Security & Compliance and Chief Compliance 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. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. He graduated from Boston University in 1987 with a BA in international relations. 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 responded that meeting this goal would require an enormous investment in 1,000 miles of transmission lines, which could take many years to build. 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. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. Mr. Taylor is a veteran of the U.S. Army, where he served as a forward observer. He knows that all potential solutions building more plants, re-regulating the industry, fundamentally changing the market to favor more capacity, building more power lines also present serious challenges. 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. 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. 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.. P.O. Offers may be subject to change without notice. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | The Texas Legislature is considering bills to allow ERCOT to securitize the IOUs, and Jones acknowledged that could put the grid operator in the unusual position of issuing bonds. (Courtesy Public Utility Commission of Texas), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. 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. 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. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. 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. Ms. Spak graduated from Southwestern University with a BA in psychology. 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. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. Our Standards: The Thomson Reuters Trust Principles. Mr. Taylor has a BBA from the University of Michigan. So far, 125 deaths across the state have been attributed to the storm and power outage. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. 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. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. 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. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. 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. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. 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.. 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. 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). This article was originally published byFort Worth Report. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. The Texas Public Utility Commission chair followed suit March 1. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. Andrew Cuomo set out an ambitious goal to shift power generation in the state to 50% renewable by 2030. 4:45 PM Mar 11, 2021 CST 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, 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. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Mr. Rickerson is responsible for guiding new, in-depth generation inspections and coordinating enforcement actions with the Public Utility Commission. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. read more. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. It was championed by Magness, who is leaving just as the first stages are rolled out. We're in the process of transitioning services for our Today in Houston newsletter. 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