AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New Why would a CEO in his 50s retire? Mr. Taylor has a BBA from the University of Michigan. 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 has been with ERCOT since May 2005. You could change us.. Brad Jones will fill the role in an interim capacity in early May. 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. 2005-2022 Community Impact Newspaper Co. All rights reserved. He didnt immediately respond to a LinkedIn message. He didnt immediately respond to a LinkedIn message. Elizabeth Souder is commentary and Sunday Opinion editor and a member of the editorial board. Brad Jones will fill the role in an interim capacity in early May. Senior Vice President, General Counsel and Corporate Secretary. The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. Jones will assist Adrianne Brandt, the agencys new director, in her new role. 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. 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. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Brad Jones (born April 1, 1986) is famous for being football player. Jones defended the design of Texas electricity market and power grid. The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. 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. Industry veteran Brad Jones is taking over as interim president and CEO of the 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). Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. 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. The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. 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.. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. See here for a complete list of exchanges and delays. Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. Mr. Rickerson is responsible for guiding new, in-depth generation inspections and coordinating enforcement actions with the Public Utility Commission. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. 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. 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.. He played a key role in the development of ERCOT energy and The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. August 8, 2022 Executive Employment Agreement. All quotes delayed a minimum of 15 minutes. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. 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. He has lived in Austin since 2002 and is happily married with two daughters. Elizabeth is an editor on the breaking news desk. 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. 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. Got an opinion about this issue? At this point, Jones said there are three components to his trust plan. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. 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. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. More than 4 million Texas homes and businesses were without power over several days of bitter cold. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. 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. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. Notifications can be turned off anytime in the browser settings. I expect for that plan to be very specific and very aggressive, he said. Jones will serve beginning May 4. 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. It was championed by Magness, who is leaving just as the first stages are rolled out. Offers may be subject to change without notice. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. 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. Vice President and Chief Information Officer. Contact herby emailor viaTwitter. read more. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. Terms & Conditions. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. 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. Example video title will go here for this video. March 11, 2021 / 3:16 PM / CBS DFW. Dan Woodfin is ERCOTs Vice President of System Operations. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. 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. 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 wasnt ready to say if he is leaning to one idea or another. By Hannah Brol 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. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. 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. Magness hasdefendedthe grid operators decision to call for the largest forced poweroutagein U.S. history, saying Texas came within seconds and minutes of catastrophic grid failures. 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. Second, he plans to improve communication. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. 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, Resource Integration & Ongoing Operations Resource Services. 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. 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. Esto es lo que necesita saber para esta semana. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. 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. 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