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. 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 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. August 8, 2022 Executive Employment Agreement. I expect for that plan to be very specific and very aggressive, he said. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. 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 didnt immediately respond to a LinkedIn message. Why would a CEO in his 50s retire? 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. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. And theres another point on Jones rsum that should give Texans confidence in him. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New 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.. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. In March 2019, she transitioned to editor of the Spring/Klein edition and later became the editor of both the Spring/Klein and Lake Houston/Humble/Kingwood editions in June 2021. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. Electricity transmission and distribution providers also need to have plans in place for turning off power intermittently during emergencies so customers can be safer and are not without power for many hours, Jones said. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's This caused some friction with the governors office, and Jones soon returned to Texas. April 27, 2021 Updated: April 27, 2021 6:24 p.m. Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. 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). Esto es lo que necesita saber para esta semana. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. 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. 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. 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. He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. 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. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. 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. 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. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. 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. WebAs of 2022, Brad Joness net worth is $100,000 - $1M. 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 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. He has lived in Austin since 2002 and is happily married with two daughters. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. Fort Worth Business Press AUSTIN, TX On April 27, the ERCOT Board of Directors announced their selection of Brad Jones as the new interim President and CEO, effective May 4, 2021. 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. 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. We're in the process of transitioning services for our Today in Houston newsletter. 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. 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. 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. See here for a complete list of exchanges and delays. Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. But some of the biggest threats to the grids stability are outside of ERCOTs control. 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. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. 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. And that should give Texans hope that they wont have to spend the summer digging survival bunkers and stocking up on batteries and trail mix. The unprecedented outages caused as much as $129 billion in economic losses. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. 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. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | 4:45 PM Mar 11, 2021 CST 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. The industry leader for online information for tax, accounting and finance professionals. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. Mr. Black began his career in 1990 as a legislative assistant for Representative Tom Craddick in the Texas House of Representatives and later worked for two Texas State Senators. Jones was once Ercots chief operating officer, and is a Texan. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. 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. 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. 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. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. Ms. Spak graduated from Southwestern University with a BA in psychology. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. Mr. Rickerson is responsible for guiding new, in-depth generation inspections and coordinating enforcement actions with the Public Utility Commission. Jones was elected to serve until the position has been permanently filled, up to a term of one year, effective May 4, the Electric Reliability Council of Texas board said in an emailed statement. He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. 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. It was championed by Magness, who is leaving just as the first stages are rolled out. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Terms & Conditions. 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. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. Prior to joining ERCOT, he served as Vice President of External Affairs for AEP Texas. It crippled oil and gas production, and dozens of people died. 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. Vice President, Security & Compliance and Chief Compliance Officer. Vice President and Chief Financial Officer. To View The Rest of This Article Please Visit kvue.com 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. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. First, he said, ERCOT needs stabilizing, the company itself and the market participants. He didnt immediately respond to a LinkedIn message. 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. Industry veteran Brad Jones is taking over as interim president and CEO of the Vice President, System Planning and Weatherization. He has a long history of service in both the electric and gas industries. All Rights Reserved. So far, 125 deaths across the state have been attributed to the storm and power outage. 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. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. 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. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. Updated 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. The board gave Bill Magness a 60-day termination notice at the beginning of March. DETAILS BELOW. 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. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. 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. He has over 35 years of experience in the electric energy industry. 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.. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. Elizabeth Souder. 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