He earned both a BS in electrical engineering and an MBA from Texas A&M University. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. 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. 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. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. 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. At this point, Jones said there are three components to his trust plan. 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. We're in the process of transitioning services for our Today in Houston newsletter. Vice President, System Planning and Weatherization. 4:45 PM Mar 11, 2021 CST Elizabeth is an editor on the breaking news desk. The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. Texans can be confident that the grid is more prepared than ever before, he added. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes 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. Dan Woodfin is ERCOTs Vice President of System Operations. 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. At least 111 Texans died as a result of the disaster, according to numbers released in March by the Department of State Health Services. 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. Greg Abbott. In 2019, Ms. Spak was promoted to Senior Director of Human Resources at ERCOT and was responsible for all Human Resource functions and programs. First, he said, ERCOT needs stabilizing, the company itself and the market participants. It crippled oil and gas production, and dozens of people died. Read more about our editorial independence policyhere. The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. 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. (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.). On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. 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. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. All of those members lived out of state, records show. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. He graduated from Boston University in 1987 with a BA in international relations. They resigned because legislatively, we said, heres what were going to do. 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. Second, he plans to improve communication. According to his LinkedIn page, he left for retirement after three years. 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 board gave Bill Magness a 60-day termination notice at the beginning of March. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. But some of the biggest threats to the grids stability are outside of ERCOTs control. 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. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. 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. 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. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. 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. It should give you great confidence that were managing this grid in a much more reliable way.. Contact herby emailor viaTwitter. Brad Jones (born April 1, 1986) is famous for being football player. 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. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. ERCOT doesnt have the power to mandate major changes. 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. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. 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 once Ercots chief operating officer, and is a Texan. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. Elizabeth Souder is commentary and Sunday Opinion editor and a member of the editorial board. 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. 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. TPR was founded by and is supported by our community. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. 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. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. Why would a CEO in his 50s retire? Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. The effect of being connected to another power grid would have been negligible during the storm, Jones said, because power supplies from the far east would have been consumed by states around Texas also experiencing electricity issues before it reached Texans. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. 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. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. 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. 05:24. This years storm was far worse, and ERCOT needs to look at weatherization planning. Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. Even after it covers some of that debt by using $800 million in revenues from another market, there remains a nearly $1.7 billion deficit. Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. He knows that all potential solutions building more plants, re-regulating the industry, fundamentally changing the market to favor more capacity, building more power lines also present serious challenges. 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. 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. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. Get smart opinions on the topics North Texans care about. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. See here for a complete list of exchanges and delays. FORTUNE may receive compensation for some links to products and services on this website. 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. This article was originally published byFort Worth Report. He has lived in Austin since 2002 and is happily married with two daughters. 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. 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. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. The Texas Public Utility Commission chair followed suit March 1. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. Your subscription will be migrated over. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. All quotes delayed a minimum of 15 minutes. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. 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. 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. Vice President, Corporate Strategy and PUC Relations. Pablo Vegas joined ERCOT in October 2022 as President and CEO. 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. 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. 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 generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. 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. 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. He has over 35 years of experience in the electric energy industry. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Industry veteran Brad Jones is taking over as interim president and CEO of the He wasnt ready to say if he is leaning to one idea or another. He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. Haley Samsel is the environmental reporter for the Fort Worth Report. August 8, 2022 Executive Employment Agreement. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. 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. 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. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's Senior Vice President, General Counsel and Corporate Secretary. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. 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. From 2013 until 2018, Mr. gelman served on the Gulf Coast Power Associations (GCPA) Board of Directors, including presiding as Vice President in 2014 and President in 2015. 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. He has a long history of service in both the electric and gas industries. 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. 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. March 11, 2021 / 3:16 PM / CBS DFW. 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.. During a cold spell earlier this month, natural gas production in Texas dropped significantly, but ERCOT did not report any significant power outages. Vice President, Security & Compliance and Chief Compliance Officer. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New 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. 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 Mr. Taylor has more than 20 years of finance experience in various roles. 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. 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. 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 covers education, local government, transportation, business, real estate development and nonprofits in these communities. It was championed by Magness, who is leaving just as the first stages are rolled out. 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.. 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. 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. Jones has been to many rodeos. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. More than 4 million Texas homes and businesses were without power over several days of bitter cold. 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. 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