The Electric Reliability Council of Texas hired an old hand as its interim chief executive. 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 will serve beginning May 4. 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. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. You could change us.. 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. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. 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. Offers may be subject to change without notice. ERCOT ousted Bill Magness as CEO in March after a February winter storm caused widespread blackouts across Texas, a state unaccustomed to extreme cold, leaving residents without heat, power or water for 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. He replaces Brad Jones, who led the organization as its interim-CEO following the February 2021 winter storm, when Texans across the state lost power and hundreds of people died. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov 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. 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. He has a long history of service in both the electric and gas industries. The board gave Bill Magness a 60-day termination notice at the beginning of March. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. 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. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. 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. 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. Updated ERCOT announced that four of its board members resigned Wednesday, Feb. 24 following its board meeting, and a fifth board member separately submitted her resignation. 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. It should give you great confidence that were managing this grid in a much more reliable way. Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. 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.. Jones did not address the litigation during the town hall. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Mr. Seely has been with ERCOT since May 2005. "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. 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Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. 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. 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. 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. 2005-2022 Community Impact Newspaper Co. All rights reserved. He graduated from Boston University in 1987 with a BA in international relations. Brad Jones (born April 1, 1986) is famous for being football player. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. 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 Texas Public Utility Commission chair followed suit March 1. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. But some of the biggest threats to the grids stability are outside of ERCOTs control. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. TPR was founded by and is supported by our community. WebAs of 2022, Brad Joness net worth is $100,000 - $1M. 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. 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 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. Send a letter to the editor and you just might get published. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. (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.). 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. 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. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. Esto es lo que necesita saber para esta semana. 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.. Find the full series here: Keeping the Lights On. Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. 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. There is no recent news or activity for this profile. 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. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. 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. 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. Jones was once Ercots chief operating officer, and is a Texan. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. Prior to joining ERCOT in 2003, he led various generation and transmission planning activities at Central and Southwest Services, Reliant Energy, and West Texas Utilities. The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. Third is better dialogue on needed technical changes in the power market and ERCOT. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. 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. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. 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). 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. To View The Rest of This Article Please Visit kvue.com Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. 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. 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. 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. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. 2023 Fortune Media IP Limited. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. 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. LinkedIn has officially entered its cringe era, and its working. 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. 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 earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. Our Standards: The Thomson Reuters Trust Principles. 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 All quotes delayed a minimum of 15 minutes. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. Prior to joining ERCOT, he served as Vice President of External Affairs for AEP Texas. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. 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. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender Prior to joining NiSource, Mr. Vegas held a variety of senior executive positions with American Electric Power (AEP), including President and Chief Operating Officer of AEP Ohio, President and Chief Operating Officer of AEP Texas, and Vice President and Chief Information Officer of AEP. 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. Example video title will go here for this video. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. At this point, Jones said there are three components to his trust plan. Vice President, Security & Compliance and Chief Compliance Officer. 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. The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. Industry veteran Brad Jones is taking over as interim president and CEO of the ERCOT Verified account @ERCOT_ISO. Vice President, Corporate Strategy and PUC Relations. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. 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. 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