But some of the biggest threats to the grids stability are outside of ERCOTs control. Vice President and Chief Information Officer. 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. There, he oversaw Commercial Operations and Grid Planning and Operations. 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. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. 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. Jones has also The commission is in the process of establishing new bylaws that could alleviate those issues, he added. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. 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. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender 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. By signing up you agree to our Terms of Service and Privacy Policy, Stand with us in our mission to discover and uncover the story of North Texas, The new ERCOT CEO wants to rebuild your trust in the Texas electricity grid, About half-million North Texans lose extra food benefits, Mall owner backs out of plans for paid parking at D-FW shopping center, D-FW under severe thunderstorm watch until noon as quick-moving storm hits region, Frisco trustee goes to conservative radio to defend transgender harassment accusation, Dallas police chief fires officer accused of inappropriate force, suspends different cop, Sean Menke, CEO of Southlake-based travel tech firm Sabre Corp., stepping down, Eli Lilly cuts insulin prices in move to make diabetes medicine more affordable, Texas urges five big pension funds to cut off financial firms boycotting fossil fuels, Shermans semiconductor hub attracts massive land buy for home development, Marriott fires back at Michael Irvins request for expedited evidence in $100M lawsuit, Mexicos democracy is in danger, and we could all pay the price, Conservative groups target American Airlines racial hiring efforts, NFL owners ask Jerry Jones to broker deal with Dan Snyder on Commanders sale, report says. We're in the process of transitioning services for our Today in Houston newsletter. 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. 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. This years storm was far worse, and ERCOT needs to look at weatherization planning. 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. Brad Jones will fill the role in an interim capacity in early May. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. Jones defended the design of Texas electricity market and power grid. 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. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. Contact herby emailor viaTwitter. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. She has over 20 years of experience in the electric industry. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. 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. 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. read more. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. You could change us.. 2023 Fortune Media IP Limited. 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. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. I expect for that plan to be very specific and very aggressive, he said. 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. 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. 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. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. The unprecedented outages caused as much as $129 billion in economic losses. 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. 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.". Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. 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. He graduated from Boston University in 1987 with a BA in international relations. 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. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. Dozens of insurance companies have also filed suit. The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. According to his LinkedIn page, he left for retirement after three years. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. 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. 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 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. 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. The industry leader for online information for tax, accounting and finance professionals. 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. ERCOT Verified account @ERCOT_ISO. P.O. 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.. The Texas Public Utility Commission chair followed suit March 1. The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. 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. 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. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | 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. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. 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. He didnt immediately respond to a LinkedIn message. The board gave Bill Magness a 60-day termination notice at the beginning of March. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. 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. 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. MacKenzie Sigalos. Novavax Inc's shares plunged 28% in U.S. early trading on Wednesday, a day after the COVID-19 vaccine maker raised doubts about its ability to remain in business. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. 4:45 PM Mar 11, 2021 CST Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. 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. 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. So far, 125 deaths across the state have been attributed to the storm and power outage. FORTUNE may receive compensation for some links to products and services on this website. 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. Third is better dialogue on needed technical changes in the power market and ERCOT. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. TPR was founded by and is supported by our community. Read more about our editorial independence policyhere. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. 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. Vice President, System Planning and Weatherization. She is a former opinion editor on the editorial board and energy reporter for the business section. 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. Jones was once Ercots chief operating officer, and is a Texan. Senior Vice President and Chief Administrative Officer, Chief of Staff. Vice President, Corporate Strategy and PUC Relations. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. Before his career in the regulated utility industry, Mr. Vegas served in senior leadership positions with IBM, PricewaterhouseCoopers, and Andersen Consulting. 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. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. 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. 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. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. And theres another point on Jones rsum that should give Texans confidence in him. Mr. Taylor has more than 20 years of finance experience in various roles. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. Mr. Taylor is a veteran of the U.S. Army, where he served as a forward observer. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. Fri, Mar 18 2022 6:26 PM EDT. 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. 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. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. Mrs. Hobbs joined ERCOT in 2002 after serving for two years as a Senior Retail Market Analyst for the PUCT,where she worked with the Commission to implement policy in the Texas electric industrys transition to competition. 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. Jones will assist Adrianne Brandt, the agencys new director, in her new role. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. March 11, 2021 / 3:16 PM / CBS DFW. 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. "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. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. Why would a CEO in his 50s retire? Previously, Brad was a Director, Information Technol Read More Mr. Taylor has a BBA from the University of Michigan. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. 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. 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. Second, he plans to improve communication. 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. 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. 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.. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. 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. Andrew Cuomo set out an ambitious goal to shift power generation in the state to 50% renewable by 2030. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. Jones did not address the litigation during the town hall. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New Our Standards: The Thomson Reuters Trust Principles. Updated AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. 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. All rights reserved. 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. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. Esto es lo que necesita saber para esta semana. Elizabeth is an editor on the breaking news desk. The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. 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. LinkedIn has officially entered its cringe era, and its working. 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