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Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. Jones will assist Adrianne Brandt, the agencys new director, in her new role. 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. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. 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?. 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.. Got an opinion about this issue? He currently resides in Lansing. It should give you great confidence that were managing this grid in a much more reliable way.. It crippled oil and gas production, and dozens of people died. 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. 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 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. 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. 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.". Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. The Texas Public Utility Commission chair followed suit March 1. 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 working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Before his career in the regulated utility industry, Mr. Vegas served in senior leadership positions with IBM, PricewaterhouseCoopers, and Andersen Consulting. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. 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. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. 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. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. 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. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. He played a key role in the development of ERCOT energy and 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 KTVT CBS 11 reported. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. Prior to CI, Hannah served as associate editor of The Houstonian, interned with Community Impact Newspaper and spent time writing for the Sam Houston State University College of Fine Arts and Mass Communication and The Huntsville Item. 4:45 PM Mar 11, 2021 CST 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. 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. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. 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. Jones was once Ercots chief operating officer, and is a Texan. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. See here for a complete list of exchanges and delays. Offers may be subject to change without notice. Send a letter to the editor and you just might get published. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. Prior to joining ERCOT, he served as Vice President of External Affairs for AEP Texas. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. 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. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. | ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. Brad Jones will fill the role in an interim capacity in early May. Jones has been to many rodeos. 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. Vice President, Security & Compliance and Chief Compliance Officer. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. 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. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. 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. 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. 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. 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. 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. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. We had a list from our Legislature within months We had most of the issues that the (federal commission) identified already resolved by the time they identified them.. Brad Jones will fill the role in an interim capacity in early May. 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. Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. First, he said, ERCOT needs stabilizing, the company itself and the market participants. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. 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Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. Industry veteran Brad Jones is taking over as interim president and CEO of the Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. LinkedIn has officially entered its cringe era, and its working. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. Jones will serve beginning May 4. 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. 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. 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. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. 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. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. 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. 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. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's 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. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. 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. Elizabeth is an editor on the breaking news desk. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. 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. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. 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. 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. 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 Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. We're in the process of transitioning services for our Today in Houston newsletter. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Posted: Apr 27, 2021 / 02:41 PM CDT. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. 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. P.O. 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. 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 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. Prior to joining ERCOT, Mr. Seely was an attorney at the Texas Department of Insurance, working on enforcement matters against insurance agents and companies before the State Office of Administrative Hearings (SOAH) and the Commissioner of Insurance. He has a bachelors degree in electrical engineering from New Mexico State University and a masters degree in engineering management from the University of Colorado. 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. 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. 2005-2022 Community Impact Newspaper Co. All rights reserved. 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. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. Brad Jones will fill the role in an interim capacity in early May. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. 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. 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. There is no recent news or activity for this profile. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. 2023 Fortune Media IP Limited. It should give you great confidence that were managing this grid in a much more reliable way. Elizabeth Souder. During a cold spell earlier this month, natural gas production in Texas dropped significantly, but ERCOT did not report any significant power outages. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. But one thing the crisis does is it opens the opportunity for, I would hope, the legislature and the PUC and the Railroad Commission to understand that there is a serious issue here with gas supply, and now it needs to be solved.. He graduated from Boston University in 1987 with a BA in international relations. 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. 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. 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