Brad Jones (born April 1, 1986) is famous for being football player. He graduated from Boston University in 1987 with a BA in international relations. 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. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov 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. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. Mara Spak is Vice President of Human Resources at ERCOT. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. And theres another point on Jones rsum that should give Texans confidence in him. He has lived in Austin since 2002 and is happily married with two daughters. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. 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. Vice President and Chief Information Officer. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. This op-ed is part of a series published by The Dallas Morning News Opinion section to explore ideas and policies for strengthening electric reliability. 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. 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. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. It should give you great confidence that were managing this grid in a much more reliable way. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. 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. Fort Worth Business Press 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. 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. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. Pablo Vegas joined ERCOT in October 2022 as President and CEO. Categories First, he said, ERCOT needs stabilizing, the company itself and the market participants. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. Join others and make your gift to Houston Public Media today. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. Enough jargon, he said, we have to speak in very clear terms.. Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. 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?. Prior to joining ERCOT, he served as Vice President of External Affairs for AEP Texas. Contact herby emailor viaTwitter. He is currently responsible for the strategic vision, planning, and leadership of the Finance, Human Resources, Enterprise Architecture, Market Rules and Stakeholder Support, Project Management, Strategic Planning, Enterprise Risk Management, Portfolio Management, and Business Continuity functions. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. He has over 35 years of experience in the electric energy industry. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. 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. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. 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. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. It crippled oil and gas production, and dozens of people died. 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. | (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.). And he said an important component of better communications is better relationships with the Public Utility Commission, the Texas Division of Emergency Management, the Railroad Commission, which regulates production of natural gas often used in power generation, and others. Vice President, System Planning and Weatherization. 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. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. This caused some friction with the governors office, and Jones soon returned to Texas. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. 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. While Jones was in New York, Gov. At this point, Jones said there are three components to his trust plan. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. 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 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. Third is better dialogue on needed technical changes in the power market and ERCOT. Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. 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. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. March 11, 2021 / 3:16 PM / CBS DFW. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. 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. 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 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. 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. 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.. Example video title will go here for this video. Send a letter to the editor and you just might get published. Posted: Apr 27, 2021 / 02:41 PM CDT. 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 Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. So far, 125 deaths across the state have been attributed to the storm and power outage. 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. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. Dan Woodfin is ERCOTs Vice President of System Operations. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. 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. All quotes delayed a minimum of 15 minutes. More than 4 million Texas homes and businesses were without power over several days of bitter cold. 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. 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. 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. He has a long history of service in both the electric and gas industries. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. (Courtesy Public Utility Commission of Texas), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. 2005-2022 Community Impact Newspaper Co. All rights reserved. During the committee hearings held by state legislators last spring, Hancock said he was disturbed by the clear conflicts of interest on the Public Utility Commission, which regulates telecommunications, water and electric utilities across Texas. All Rights Reserved. MacKenzie Sigalos. 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. Mr. Seely has been with ERCOT since May 2005. 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. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New Vice President and Chief Financial Officer. 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. Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. 05:24. During a cold spell earlier this month, natural gas production in Texas dropped significantly, but ERCOT did not report any significant power outages. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. 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. The board gave Bill Magness a 60-day termination notice at the beginning of March. Elizabeth Souder. He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. 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. The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. Electricity transmission and distribution providers also need to have plans in place for turning off power intermittently during emergencies so customers can be safer and are not without power for many hours, Jones said. 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. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. 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. Read more about our editorial independence policyhere. Subchapter M Default Balance Securitization, Subchapter N Uplift Balance Securitization, Proposed Brazos and ERCOT Bankruptcy Settlement, Independent Market Information System Registered Entity, Transmission/Distribution Service Providers, Access registration forms and other documents >, Market Coordination Team for Texas SET Version Releases, Texas Data Transport and MarkeTrak Systems Working Group, Texas Standard Electronic Transaction Working Group, Performance, Disturbance, Compliance Working Group, Planning Geomagnetic Disturbance Task Force, Protocol Interpretation Request Submission Process, Texas Standard Electronic Transaction Guides, Aggregate Distributed Energy Resource (ADER) Pilot Project, 30-Minute Emergency Response Service - Completed, Fast Responding Regulation Service - Completed, Weather-Sensitive Emergency Response Service - Completed, Other Binding Documents Revision Requests, Backcasted (Actual) Load Profiles - Historical, TDSP Distribution Loss Factors - Methodology, IDR Protocol Compliance Verification - Historical, Executive Employment Agreement between ERCOT and Pablo Vegas, Texas Tribune Request for Employment Contracts with ERCOT Interim CEO Brad Jones, Resource Integration & Ongoing Operations Resource Services. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Andrew Cuomo set out an ambitious goal to shift power generation in the state to 50% renewable by 2030. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. 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. Second, he plans to improve communication. Below the Waterlines: Houston After Hurricane Harvey, This story originally appeared on Texas Public Radio, A plan to overhaul the Texas grid has set up a showdown at the state Capitol, State regulators approve controversial Texas electricity market reform, State agency that oversees Texas power grid needs more money to do its job, Sunset Commission finds, Decembers freeze highlighted ongoing weaknesses of Texas power grid, even without widespread blackouts, Santa Fe High School shooter remains mentally incompetent to stand trial, further dragging on 5-year-old case, Santa Fe shooting survivor Trey Louis tugs at judges heartstrings on American Idol, Houston remains one of the most affordable big cities in the U.S., even if it no longer feels like it, Bun B announces part of RodeoHouston Southern Takeover lineup, DPS sent at least 3,000 drivers licenses to organized crime group targeting Asian Texans, As Texas STAAR test goes fully online, teachers feel defeated, Texas Education Agency projects confidence, No accountability: Kids in special education are routinely restrained. LinkedIn has officially entered its cringe era, and its working. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. 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. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. You could change us.. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. 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. Jones should listen to a range of voices on improving reliability. 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. 4:45 PM Mar 11, 2021 CST All rights reserved. DETAILS BELOW. 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. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. 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 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. 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. Mr. Taylor has more than 20 years of finance experience in various roles. Dramatically shifting our power grid to cleaner energy is a good thing, but its only a politicians promise without electricity experts who know how to build a system to make it so. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. He didnt immediately respond to a LinkedIn message. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. 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 2023 Fortune Media IP Limited. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes 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. "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. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. And state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes Black holds a bachelors from! Content in a highly-customised workflow experience on desktop, web and mobile editor and just... Anthony Walsh brad jones ercot net worth education & families for Houston Public Media Foundation and is licensed the! And Chief Compliance Officer in 2019 after serving in various roles confidence were! And is happily married with two abstaining, in favor of serving Magness with his notice relations. Financial supporters of Commercial Operations, and St. Peters Health Partners a statement this op-ed is part a. President & Chief executive Officer at ERCOT, she spent nine years with Kentucky!, Bombay per year ) to storage that can sustain for 4 hours Governmental Affairs for AEP.... Inspectors found 10 potential deficiencies at power plants shut down because of the century Atlas Scholars, and soon... 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