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 He wasnt ready to say if he is leaning to one idea or another. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. 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. Iconic German restaurant in Fort Worth closing doors after 56 years, Enough | Black MENtal Health: Shedding light on asking for help, finding community and resources, Thunderstorms develop in North Texas: Latest radar, timeline here. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. Mr. Taylor has more than 20 years of finance experience in various roles. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. 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. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. Our Standards: The Thomson Reuters Trust Principles. 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. Terms & Conditions. 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. If Ercot cannot come up with financing to cover the underpayments, the debt could end up being shared by everyone in the Texas market, including consumers. 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. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. 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. 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. 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. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. Contact herby emailor viaTwitter. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. According to his LinkedIn page, he left for retirement after three years. 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. 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.. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. 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. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. At this point, Jones said there are three components to his trust plan. 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. The Texas Public Utility Commission chair followed suit March 1. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. He didnt immediately respond to a LinkedIn message. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. 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. Dozens of insurance companies have also filed suit. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. To View The Rest of This Article Please Visit kvue.com All quotes delayed a minimum of 15 minutes. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. All rights reserved. Offers may be subject to change without notice. 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. 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. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. Join others and make your gift to Houston Public Media today. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. Third is better dialogue on needed technical changes in the power market and ERCOT. Notifications can be turned off anytime in the browser settings. 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. Read more about our editorial independence policyhere. Esto es lo que necesita saber para esta semana. 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. Brad Jones (born April 1, 1986) is famous for being football player. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. 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. Get smart opinions on the topics North Texans care about. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. I expect for that plan to be very specific and very aggressive, he said. 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. Ms. Spak graduated from Southwestern University with a BA in psychology. By Hannah Brol Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. Brad Jones will fill the role in an interim capacity in early May. DETAILS BELOW. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. 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 earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov August 8, 2022 Executive Employment Agreement. Categories 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. 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. Magness is leaving as ERCOT faces a $2.5 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.. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. 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. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. See here for a complete list of exchanges and delays. Elizabeth Souder is commentary and Sunday Opinion editor and a member of the editorial board. March 11, 2021 / 3:16 PM / CBS DFW. Vice President, System Planning and Weatherization. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. See here for a complete list of exchanges and delays. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. Second, he plans to improve communication. Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. You could change us.. Prior to becoming President and CEO of the New York ISO, Brad served as Senior Vice President and Chief Operations Officer for the Electric Reliability Council of Texas. All of those members lived out of state, records show. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. Enough jargon, he said, we have to speak in very clear terms.. 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.. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. 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. P.O. 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. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. Brad Jones will fill the role in an interim capacity in early May. ERCOT doesnt have the power to mandate major changes. 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. If past experience is any indication of future performance, he will. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. 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. 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. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. LinkedIn has officially entered its cringe era, and its working. Updated 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. 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. We're in the process of transitioning services for our Today in Houston newsletter. There, he oversaw Commercial Operations and Grid Planning and Operations. read more. 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. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. 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. 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. 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 his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. 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. (Courtesy Public Utility Commission of Texas), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. 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. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. Find the full series here: Keeping the Lights On. 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. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. 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. 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.". FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. 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?. More than 4 million Texas homes and businesses were without power over several days of bitter cold. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. 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. 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. 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. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. 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. He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. First, he said, ERCOT needs stabilizing, the company itself and the market participants. 2005-2022 Community Impact Newspaper Co. All rights reserved. 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 The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. 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. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. Series published by the Dallas Morning News Opinion section to explore ideas and policies for electric. Broken trust with Texans conducted about 80 in-person inspections per year ) to storage that sustain... 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