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Senior Vice President and Chief Administrative Officer, Chief of Staff. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Texans can be confident that the grid is more prepared than ever before, he added. See here for a complete list of exchanges and delays. 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. Example video title will go here for this video. 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. Got an opinion about this issue? Mara Spak is Vice President of Human Resources at ERCOT. The unprecedented outages caused as much as $129 billion in economic losses. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. 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. Contact herby emailor viaTwitter. 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. 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. 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. 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. 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. 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 said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. It crippled oil and gas production, and dozens of people died. It should give you great confidence that were managing this grid in a much more reliable way. We're in the process of transitioning services for our Today in Houston newsletter. | 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. This caused some friction with the governors office, and Jones soon returned to Texas. 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. 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. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. 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. Jones defended the design of Texas electricity market and power grid. 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. Why would a CEO in his 50s retire? 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. Jones has also And theres another point on Jones rsum that should give Texans confidence in him. Hannah joined Community Impact Newspaper as a reporter in May 2016 after graduating with a degree in journalism from Sam Houston State University in Huntsville, Texas. 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 was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. 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. 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. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. FORTUNE may receive compensation for some links to products and services on this website. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. By signing up you agree to our Terms of Service and Privacy Policy, Stand with us in our mission to discover and uncover the story of North Texas, The new ERCOT CEO wants to rebuild your trust in the Texas electricity grid, About half-million North Texans lose extra food benefits, Mall owner backs out of plans for paid parking at D-FW shopping center, D-FW under severe thunderstorm watch until noon as quick-moving storm hits region, Frisco trustee goes to conservative radio to defend transgender harassment accusation, Dallas police chief fires officer accused of inappropriate force, suspends different cop, Sean Menke, CEO of Southlake-based travel tech firm Sabre Corp., stepping down, Eli Lilly cuts insulin prices in move to make diabetes medicine more affordable, Texas urges five big pension funds to cut off financial firms boycotting fossil fuels, Shermans semiconductor hub attracts massive land buy for home development, Marriott fires back at Michael Irvins request for expedited evidence in $100M lawsuit, Mexicos democracy is in danger, and we could all pay the price, Conservative groups target American Airlines racial hiring efforts, NFL owners ask Jerry Jones to broker deal with Dan Snyder on Commanders sale, report says. The Electric Reliability Council of Texas hired an old hand as its interim chief executive. He currently resides in Lansing. ERCOT Verified account @ERCOT_ISO. 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. Jones has been to many rodeos. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. DETAILS BELOW. In 2019, Ms. Spak was promoted to Senior Director of Human Resources at ERCOT and was responsible for all Human Resource functions and programs. Haley Samsel is the environmental reporter for the Fort Worth Report. 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. I expect for that plan to be very specific and very aggressive, he said. 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. 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. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. She has over 20 years of experience in the electric industry. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. 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. Our Standards: The Thomson Reuters Trust Principles. She is a former opinion editor on the editorial board and energy reporter for the business section. You could change us.. 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. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. This years storm was far worse, and ERCOT needs to look at weatherization planning. LinkedIn has officially entered its cringe era, and its working. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes Notifications can be turned off anytime in the browser settings. Bill Magness, chief executive officer of the Texas power grid operator, will leave his post in the wake of the February energy crisis that left millions of people in the state without electricity and heat for days. But some of the biggest threats to the grids stability are outside of ERCOTs control. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. 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 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. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. 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. Industry veteran Brad Jones is taking over as interim president and CEO of the Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. Categories August 8, 2022 Executive Employment Agreement. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. 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. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | 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.. 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 past experience is any indication of future performance, he will. Pablo Vegas joined ERCOT in October 2022 as President and CEO. Elizabeth Souder. 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. To View The Rest of This Article Please Visit kvue.com Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. Jones did not address the litigation during the town hall. 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. 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.. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. From the impact of the growing electric vehicle market on the grid to the legislative actions taken after Winter Storm Uri, Jones said, ERCOT is preparing generators to provide enough power for a booming population amid weather challenges. 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. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. 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 Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. 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." He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. "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. All Rights Reserved. Fort Worth Business Press 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 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. Potomac Economics, which monitors the state's power market, said in March that ERCOT kept market prices too high for more than a day after widespread outages ended. 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). 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. By Hannah Brol So far, 125 deaths across the state have been attributed to the storm and power outage. 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. There, he oversaw Commercial Operations and Grid Planning and Operations. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. 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. Connected to a bigger grid would actually have less chance of causing problem. Cringe era, and Jones soon returned to Texas Financial Analyst Charterholder much as $ billion. 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