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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Mr. Taylor is a veteran of the U.S. Army, where he served as a forward observer. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. 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. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. Vice President and Chief Financial Officer. 2005-2022 Community Impact Newspaper Co. All rights reserved. If past experience is any indication of future performance, he will. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. Brad Jones will fill the role in an interim capacity in early May. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. Greg Abbott. read more. It crippled oil and gas production, and dozens of people died. 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. While Jones was in New York, Gov. 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Brad Jones of Liberty Hill is the Interim CEO of ERCOT. Posted: Apr 27, 2021 / 02:41 PM CDT. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. 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. 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. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. 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 At least 111 Texans died as a result of the disaster, according to numbers released in March by the Department of State Health Services. 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. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. Haley Samsel is the environmental reporter for the Fort Worth Report. Dan Woodfin is ERCOTs Vice President of System Operations. Mr. Taylor has a BBA from the University of Michigan. He wasnt ready to say if he is leaning to one idea or another. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. Categories 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. 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. 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. March 11, 2021 / 3:16 PM / CBS DFW. 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. 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. ERCOT, still reeling from criticism over its handling of the record winter freeze, announced last week that it hired Jones, 58, as interim chief executive for up to one year as the company conducts a search for a permanent leader. 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. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. 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. It was championed by Magness, who is leaving just as the first stages are rolled out. He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. See here for a complete list of exchanges and delays. 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. (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.). They resigned because legislatively, we said, heres what were going to do. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. Jones was once Ercots chief operating officer, and is a Texan. Subsequently, he received an MA in economics from the University of Texas at Arlington in 1991 and an MA in Middle Eastern studies from the University of Texas at Austin in 1995. Industry veteran Brad Jones is taking over as interim president and CEO of the Prior to joining ERCOT, he served as Vice President of External Affairs for AEP Texas. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. Jones did not address the litigation during the town hall. MacKenzie Sigalos. (Courtesy Public Utility Commission of Texas), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. It should give you great confidence that were managing this grid in a much more reliable way.. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. The board gave Bill Magness a 60-day termination notice at the beginning of March. She has over 20 years of experience in the electric industry. All quotes delayed a minimum of 15 minutes. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. 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. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. He didnt immediately respond to a LinkedIn message. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. 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. 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. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. Mr. Woodfin has over 30 years of experience in the electric power industry, including leadership positions in both system planning and system operations for ERCOT. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. Jones will serve beginning May 4. 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. Brad Jones will fill the role in an interim capacity in early May. Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. If you value our commitment to the highest standards of responsible journalism and are able to do so, please consider making your gift of support today. Andrew Cuomo set out an ambitious goal to shift power generation in the state to 50% renewable by 2030. 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. 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. Senior Vice President and Chief Administrative Officer, Chief of Staff. WebAs of 2022, Brad Joness net worth is $100,000 - $1M. Dozens of insurance companies have also filed suit. 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. read more. DETAILS BELOW. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. Fort Worth Business Press Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. They didnt meet the needs of either their customers or the state of Texas, and they faced penalties associated with that, financial penalties, Jones said. First, he said, ERCOT needs stabilizing, the company itself and the market participants. By Hannah Brol Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. You could change us.. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. Elizabeth Souder is commentary and Sunday Opinion editor and a member of the editorial board. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. 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. He didnt immediately respond to a LinkedIn message. 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. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. 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.". While with NiSource, he was also chairman on the board of directors for One Columbus and a board of trustees member for the American Gas Foundation. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. 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. 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. Send a letter to the editor and you just might get published. 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 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). Prior to joining ERCOT, she worked in hi-tech and healthcare industries. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. 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. The unprecedented outages caused as much as $129 billion in economic losses. All rights reserved. Third is better dialogue on needed technical changes in the power market and ERCOT. Jones will assist Adrianne Brandt, the agencys new director, in her new role. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. Had called for board members and other leaders to step down in the state to 50 % renewable 2030! 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