He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. Previously, Brad was a Director, Information Technol Read More Jones has also 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. There, he oversaw Commercial Operations and Grid Planning and Operations. 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. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. He didnt immediately respond to a LinkedIn message. The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. Categories Jones will serve beginning May 4. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. See here for a complete list of exchanges and delays. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. 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. 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. Greg Abbott. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. During a cold spell earlier this month, natural gas production in Texas dropped significantly, but ERCOT did not report any significant power outages. Ms. Spak graduated from Southwestern University with a BA in psychology. 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. I expect for that plan to be very specific and very aggressive, he said. Why would a CEO in his 50s retire? 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. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. 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. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. Jones most recent job was chief executive of the New York Independent System Operator, which, similar to ERCOT, operates the New York state electrical grid. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. 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. Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. In 2019, Ms. Spak was promoted to Senior Director of Human Resources at ERCOT and was responsible for all Human Resource functions and programs. 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 He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | Brad Jones will fill the role in an interim capacity in early May. 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. 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. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. Offers may be subject to change without notice. read more. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. 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. 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. 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. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. Elizabeth Souder. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. 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. (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.). P.O. 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. 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? Hancock, who represents portions of Tarrant and Dallas counties, said. 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.. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO for the organization that manages the Texas power grid. 05:24. 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. So far, 125 deaths across the state have been attributed to the storm and power outage. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. 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. Jones will assist Adrianne Brandt, the agencys new director, in her new role. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. ERCOT Verified account @ERCOT_ISO. Pablo Vegas joined ERCOT in October 2022 as President and CEO. 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. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. 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 2023 Fortune Media IP Limited. He will lead the grid operator past the February outage crisis and into the crucial summer months at a time when the economy is reawakening and more people are moving to Texas, bumping up demand for electricity. Other, larger grids are not necessarily immune to issues, Capriglione added, pointing to Californias Pacific Gas & Electric, which has been blamed for more than 30 wildfires and faced a number of criminal charges. 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. 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. The new ERCOT CEO wants to rebuild your trust in the Texas electricity grid Brad Jones expects to present a 100-day plan within a month. Vice President, System Planning and Weatherization. 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. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. | 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. Mr. Taylor has a BBA from the University of Michigan. Second, he plans to improve communication. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. Jones should listen to a range of voices on improving reliability. "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. The Texas Public Utility Commission chair followed suit March 1. Prior to joining ERCOT, he served as Vice President of External Affairs for AEP Texas. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. 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. 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. 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. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender Vice President, Corporate Strategy and PUC Relations. 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. 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 (born April 1, 1986) is famous for being football player. The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. It should give you great confidence that were managing this grid in a much more reliable way.. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes ERCOT doesnt have the power to mandate major changes. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. The unprecedented outages caused as much as $129 billion in economic losses. Elizabeth is an editor on the breaking news desk. She was named Director of Enterprise Risk Management and Strategic Analysis in December 2013,where she focused on providing the leadership and management necessary to identify, evaluate, mitigate, and monitor the companys operational and strategic risk, leading ERCOTs strategic and business planning processes, and providing guidance for the ERCOT governance process, especially as it relates to Market Rules. Haley Samsel is the environmental reporter for the Fort Worth Report. 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. Vice President, Security & Compliance and Chief Compliance Officer. 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. She has over 20 years of experience in the electric industry. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Jones has been to many rodeos. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. 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. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. He wasnt ready to say if he is leaning to one idea or another. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. And theres another point on Jones rsum that should give Texans confidence in him. 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 But some of the biggest threats to the grids stability are outside of ERCOTs control. 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. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. 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. 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. Updated Brad Jones, ERCOT's interim CEO, in a statement said he "welcomes these highly qualified leaders, their expertise and insights into our relentless pursuit of grid reliability." Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. He graduated from Boston University in 1987 with a BA in international relations. 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. 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. Contact herby emailor viaTwitter. He played a key role in the development of ERCOT energy and Fri, Mar 18 2022 6:26 PM EDT. 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. The Electric Reliability Council of Texas hired an old hand as its interim chief executive. He earned both a BS in electrical engineering and an MBA from Texas A&M University. 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. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Andrew Cuomo set out an ambitious goal to shift power generation in the state to 50% renewable by 2030. 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 joining ERCOT in 2003, he led various generation and transmission planning activities at Central and Southwest Services, Reliant Energy, and West Texas Utilities. Senior Vice President and Chief Administrative Officer, Chief of Staff. 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. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. 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 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. 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. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. 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. It was championed by Magness, who is leaving just as the first stages are rolled out. 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. 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. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. Get smart opinions on the topics North Texans care about. 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. March 11, 2021 / 3:16 PM / CBS DFW. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 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. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. 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