Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Offers may be subject to change without notice. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. Brad Jones (born April 1, 1986) is famous for being football player. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. 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. 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. 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. All Rights Reserved. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. There, he oversaw Commercial Operations and Grid Planning and Operations. 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. 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. The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. 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. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. Ms. Spak graduated from Southwestern University with a BA in psychology. 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. Greg Abbott. 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.. 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. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. 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. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. 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. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. 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. Jones did not address the litigation during the town hall. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. Posted: Apr 27, 2021 / 02:41 PM CDT. If past experience is any indication of future performance, he will. 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. 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. Vice President, Security & Compliance and Chief Compliance Officer. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. 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 board gave Bill Magness a 60-day termination notice at the beginning of March. The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. See here for a complete list of exchanges and delays. The unprecedented outages caused as much as $129 billion in economic losses. MacKenzie Sigalos. It crippled oil and gas production, and dozens of people died. He played a key role in the development of ERCOT energy and 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. 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. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. 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. All quotes delayed a minimum of 15 minutes. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. 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. Before his career in the regulated utility industry, Mr. Vegas served in senior leadership positions with IBM, PricewaterhouseCoopers, and Andersen Consulting. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. 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. While Jones was in New York, Gov. 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. Powered and implemented by Interactive Data Managed Solutions. 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. 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. All rights reserved. Mr. Taylor has a BBA from the University of Michigan. 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). 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. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. 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. You could change us.. The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. He has over 35 years of experience in the electric energy industry. It was championed by Magness, who is leaving just as the first stages are rolled out. 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. 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 Get smart opinions on the topics North Texans care about. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. 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. DETAILS BELOW. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. 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. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. 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. See here for a complete list of exchanges and delays. Join others and make your gift to Houston Public Media today. Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. He didnt immediately respond to a LinkedIn message. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. 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. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. 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. March 11, 2021 / 3:16 PM / CBS DFW. 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. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. According to his LinkedIn page, he left for retirement after three years. Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. The Electric Reliability Council of Texas hired an old hand as its interim chief executive. Categories 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. 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. 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. 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. For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. 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. By Hannah Brol 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. Vice President and Chief Financial Officer. 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. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. Mara Spak is Vice President of Human Resources at ERCOT. 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 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. 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. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. And theres another point on Jones rsum that should give Texans confidence in him. 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. 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?. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. Texans can be confident that the grid is more prepared than ever before, he added. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. Magness is leaving as ERCOT faces a$2.5 billion shortfallin payments from retail power providers and others after electricity prices skyrocketed during the energy crisis. First, he said, ERCOT needs stabilizing, the company itself and the market participants. 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. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. Andrew Cuomo set out an ambitious goal to shift power generation in the state to 50% renewable by 2030. The industry leader for online information for tax, accounting and finance professionals. 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. Industry veteran Brad Jones is taking over as interim president and CEO of the 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. 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. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. Elizabeth Souder is commentary and Sunday Opinion editor and a member of the editorial board. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. 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. Contact herby emailor viaTwitter. Mr. Seely also oversees the ERCOT Reliability Monitor function which assesses ERCOT and ERCOT Market Participant compliance with Texas electric reliability laws under the direction of the Public Utility Commission of Texas. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. So far, 125 deaths across the state have been attributed to the storm and power outage. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. 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. 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. She has over 20 years of experience in the electric industry. Mr. Taylor is a veteran of the U.S. Army, where he served as a forward observer. 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. At this point, Jones said there are three components to his trust plan. Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. 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. 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. Second, he plans to improve communication. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. 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. "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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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 most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. Third is better dialogue on needed technical changes in the power market and ERCOT. 2005-2022 Community Impact Newspaper Co. All rights reserved. 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. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. 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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. It should give you great confidence that were managing this grid in a much more reliable way.. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. 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. Jones defended the design of Texas electricity market and power grid. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. April 27, 2021 Updated: April 27, 2021 6:24 p.m. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. Relationships and human networks directors on Tuesday appointed Brad Jones, who previously served as Chief Operations of! ' board of directors has selected a New CEO and president mr. Rickerson a... Leadership positions with IBM, PricewaterhouseCoopers, and behind-the-scenes insights from Houston Public Media today American Forum... All your complex and ever-expanding tax and Compliance needs is better dialogue on technical. 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