Senior Vice President, General Counsel and Corporate Secretary. 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. Mr. Taylor is a veteran of the U.S. Army, where he served as a forward observer. 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. Second, he plans to improve communication. TPR was founded by and is supported by our community. 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. All rights reserved. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. 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. Haley Samsel is the environmental reporter for the Fort Worth Report. Jones has also That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. All quotes delayed a minimum of 15 minutes. 05:24. 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.. 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. 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). Texans can be confident that the grid is more prepared than ever before, he added. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. August 8, 2022 Executive Employment Agreement. 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. Why would a CEO in his 50s retire? Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New 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.". He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. 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. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. Mr. Taylor has a BBA from the University of Michigan. Got an opinion about this issue? At least 111 Texans died as a result of the disaster, according to numbers released in March by the Department of State Health Services. 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. 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. 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. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. Find the full series here: Keeping the Lights On. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. He played a key role in the development of ERCOT energy and 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. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. 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. Categories 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. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. Vice President and Chief Information Officer. Those preparations can mean installing more insulation, building structures around facilities to protect equipment and using thermal blankets to keep equipment from freezing, he said. 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. It crippled oil and gas production, and dozens of people died. You could change us.. Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. 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. 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. To View The Rest of This Article Please Visit kvue.com 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. 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. 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. 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. Senior Vice President and Chief Administrative Officer, Chief of Staff. 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. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. The unprecedented outages caused as much as $129 billion in economic losses. 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. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. 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. 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. April 27, 2021 Updated: April 27, 2021 6:24 p.m. He didnt immediately respond to a LinkedIn message. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. Previously, Brad was a Director, Information Technol Read More Vice President and Chief Financial Officer. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. This years storm was far worse, and ERCOT needs to look at weatherization planning. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Brad Jones will fill the role in an interim capacity in early May. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. She is a former opinion editor on the editorial board and energy reporter for the business section. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. The Texas Public Utility Commission chair followed suit March 1. Jones was once Ercots chief operating officer, and is a Texan. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. It should give you great confidence that were managing this grid in a much more reliable way. Vice President, System Planning and Weatherization. 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. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. 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. Your subscription will be migrated over. 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. March 11, 2021 / 3:16 PM / CBS DFW. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. 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. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. Prior to joining ERCOT, he served as Vice President of External Affairs for AEP Texas. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. 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. Mr. Taylor has more than 20 years of finance experience in various roles. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. He has lived in Austin since 2002 and is happily married with two daughters. Jones comes to ERCOT at a pivotal juncture not just because of the fallout from the winter outages, but also because of a slate of major new programs and market rules designed to modernize the grid. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. Brad Jones, former head of New Yorks power grid, is the leading candidate to replace Magness as Ercots new CEO, according to people familiar with the boards thinking. 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. Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12, Terminated ERCOT CEO says he won't seek or accept severance pay, Its all connected: How Februarys power outages knocked out natural gas wells, Simple fix to prevent future electric outages has yet to be mandated by the Texas legislature, Sen. Cornyn and Rep. Johnson introduce bipartisan bill to strengthen, winterize Texas power grid. 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 ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. Example video title will go here for this video. | 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. Vice President, Corporate Strategy and PUC Relations. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. 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. 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. By Hannah Brol ERCOT Verified account @ERCOT_ISO. ERCOT and the Public Utility Commission of Texas, the regulator which oversees the grid operator, raised power prices to about 400 times the normal rate over five days. 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. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. While Jones was in New York, Gov. 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. 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. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. April 27 (Reuters) - The board of ERCOT said on Tuesday that Brad Jones has been elected to serve as interim president and chief executive officer for the Texas 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. Powered and implemented by Interactive Data Managed Solutions. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. 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 working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. 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. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. 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. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. Enough jargon, he said, we have to speak in very clear terms.. Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. 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. Jones was once Ercots chief operating officer, and is a Texan. Mr. Rickerson is responsible for guiding new, in-depth generation inspections and coordinating enforcement actions with the Public Utility Commission. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. By: Russell Falcon ERCOT, he served as the Director of Governmental Affairs for AEP.... The editorial board and energy reporter for the newsletter, you do not need to sign up.! Texas ( brad jones ercot net worth ) board has selected a new CEO and President Dimes, Coast! Companies in Texas dropped significantly, recommendations from the University of Houston us.. Kristi is... Decisions are made possible by the generosity of our community of donors, foundations, Facilities. Could change us.. 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