For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. Vice President and Chief Financial Officer. 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. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. 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. 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. 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. Categories 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.. Elizabeth Souder is commentary and Sunday Opinion editor and a member of the editorial board. She has over 20 years of experience in the electric industry. Lake and interim ERCOT CEO Brad Jones have been routinely describing the procurement of massive amounts of reserve capacity, even when they arent needed, as conservative. (now worth $600-$800 million per year) to storage that can sustain for 4 hours. 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. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. He didnt immediately respond to a LinkedIn message. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. Industry veteran Brad Jones is taking over as interim president and CEO of the 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. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. Jones should listen to a range of voices on improving reliability. 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 will fill the role in an interim capacity in early May. Jones will assist Adrianne Brandt, the agencys new director, in her new role. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. He graduated from Boston University in 1987 with a BA in international relations. At this point, Jones said there are three components to his trust plan. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. 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. 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. Contact herby emailor viaTwitter. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Previously, Brad was a Director, Information Technol Read More Updated The Texas Public Utility Commission chair followed suit March 1. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 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. 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. 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. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New 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. 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. 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. 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. 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. 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 wasnt ready to say if he is leaning to one idea or another. 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. It crippled oil and gas production, and dozens of people died. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. 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. You could change us.. Pablo Vegas joined ERCOT in October 2022 as President and CEO. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. In 2019, Ms. Spak was promoted to Senior Director of Human Resources at ERCOT and was responsible for all Human Resource functions and programs. 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. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's 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. 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. The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. Mr. Rickerson is responsible for guiding new, in-depth generation inspections and coordinating enforcement actions with the Public Utility Commission. He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. Dozens of insurance companies have also filed suit. 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.". See here for a complete list of exchanges and delays. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. 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 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 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. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. Powered and implemented by Interactive Data Managed Solutions. 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. He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. The unprecedented outages caused as much as $129 billion in economic losses. MacKenzie Sigalos. 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. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. She is a former opinion editor on the editorial board and energy reporter for the business section. 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. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. 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. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. So far, 125 deaths across the state have been attributed to the storm and power outage. Got an opinion about this issue? Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. Jones was once Ercots chief operating officer, and is a Texan. (Courtesy Public Utility Commission of Texas), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. 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. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. Jones has been to many rodeos. 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. 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. Mara Spak is Vice President of Human Resources at ERCOT. 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. 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. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. They resigned because legislatively, we said, heres what were going to do. Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. Vice President, Corporate Strategy and PUC Relations. All Rights Reserved. We have to make sure we go about it the right way so that were attracting the right types of (power) generation to meet the needs of our customers every day.. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. Jones was once Ercots chief operating officer, and is a Texan. It was championed by Magness, who is leaving just as the first stages are rolled out. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. Thats the job of the Public Utility Commission (PUC), which oversees ERCOT and regulates the grid, as well as the Railroad Commission, which regulates the natural gas sector. P.O. It should give you great confidence that were managing this grid in a much more reliable way. 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. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. 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. Brad Jones will fill the role in an interim capacity in early May. 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. 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. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov 2005-2022 Community Impact Newspaper Co. All rights reserved. By Hannah Brol 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. 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. 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. Senior Vice President, General Counsel and Corporate Secretary. 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. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. ERCOT doesnt have the power to mandate major changes. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. He played a key role in the development of ERCOT energy and She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. 2023 Fortune Media IP Limited. Fri, Mar 18 2022 6:26 PM EDT. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. 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. 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. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. 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. 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. There is no recent news or activity for this profile. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter Its bigger than the housing crisis: An influential economist just blamed NIMBYs for American decline, and Elon Musk CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. 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. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. read more. 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. 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. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. He didnt immediately respond to a LinkedIn message. 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