Algorithmic rank assigned to the top 100,000 most active People, The organization associated to the person's primary job, Total number of current Jobs the person has, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of events the individual appeared in, Senior Vice President and Chief Operations Officer. Jones will assist Adrianne Brandt, the agencys new director, in her new role. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. 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. All Rights Reserved. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. At least 111 Texans died as a result of the disaster, according to numbers released in March by the Department of State Health Services. 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. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. LinkedIn has officially entered its cringe era, and its working. 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. Texas lawmakers could change that, Heres everything you need to know about school vouchers in Texas, Texas Education Agency denies reapproval for Houston special education school Avondale House, adding strain to underfunded system. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. 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 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. 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. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. 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. 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. 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. In 2019, Ms. Spak was promoted to Senior Director of Human Resources at ERCOT and was responsible for all Human Resource functions and programs. Jones was once Ercots chief operating officer, and is a Texan. 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. 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. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. 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. He played a key role in the development of ERCOT energy and Fri, Mar 18 2022 6:26 PM EDT. 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. Mr. Taylor has a BBA from the University of Michigan. 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." 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. The Electric Reliability Council of Texas hired an old hand as its interim chief executive. MacKenzie Sigalos. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. 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. Second, he plans to improve communication. The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. 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. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. 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. 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. 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. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. 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. 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. 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. He has a long history of service in both the electric and gas industries. 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. Send a letter to the editor and you just might get published. While Jones was in New York, Gov. Mr. Taylor is a veteran of the U.S. Army, where he served as a forward observer. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. 2023 Fortune Media IP Limited. 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. 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. Previously, Brad was a Director, Information Technol Read More Jones will serve beginning May 4. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes 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. 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. The unprecedented outages caused as much as $129 billion in economic losses. "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. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. Read more about our editorial independence policyhere. 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. 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 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. He wasnt ready to say if he is leaning to one idea or another. The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. You could change us.. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. 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. During the committee hearings held by state legislators last spring, Hancock said he was disturbed by the clear conflicts of interest on the Public Utility Commission, which regulates telecommunications, water and electric utilities across Texas. DETAILS BELOW. 05:24. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. Brad Jones will fill the role in an interim capacity in early May. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. He earned both a BS in electrical engineering and an MBA from Texas A&M University. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. 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. So far, 125 deaths across the state have been attributed to the storm and power outage. 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. read more. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. 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. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. During a cold spell earlier this month, natural gas production in Texas dropped significantly, but ERCOT did not report any significant power outages. It was championed by Magness, who is leaving just as the first stages are rolled out. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov Brad Jones (born April 1, 1986) is famous for being football player. All rights reserved. Fort Worth Business Press Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. Elizabeth Souder is commentary and Sunday Opinion editor and a member of the editorial board. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. He graduated from Boston University in 1987 with a BA in international relations. 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, Ercots interim chief executive officer, is aware hes walking a fine line. 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.. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. 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. Find the full series here: Keeping the Lights On. 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 industry leader for online information for tax, accounting and finance professionals. 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. And theres another point on Jones rsum that should give Texans confidence in him. Join others and make your gift to Houston Public Media today. By Hannah Brol He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. There, he oversaw Commercial Operations and Grid Planning and Operations. 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. But some of the biggest threats to the grids stability are outside of ERCOTs control. 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. 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.". Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. 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. Brad Jones will fill the role in an interim capacity in early May. 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. Mara Spak is Vice President of Human Resources at ERCOT. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. Pablo Vegas joined ERCOT in October 2022 as President and CEO. 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. 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. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. He didnt immediately respond to a LinkedIn message. 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. Terms & Conditions. Jones should listen to a range of voices on improving reliability. Jones defended the design of Texas electricity market and power grid. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. 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. Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. Categories 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. Texans can be confident that the grid is more prepared than ever before, he added. The states utilities cant expect a once-in-100-year storm every year, but ERCOT must ensure its ready for the next one, Jones said. 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. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Posted: Apr 27, 2021 / 02:41 PM CDT. There is no recent news or activity for this profile. Earlier this month, ERCOT reported more than 300 inspections of power generating facilities, which take natural gas supply and other power sources and turn it into electricity for the grid. 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. 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. 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. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. Esto es lo que necesita saber para esta semana. His experience with the electric industry in the United States and Canada, as well as Kosovo, Afghanistan, and sub-Saharan Africa, has provided Dr. Tamby with broad leadership and technical experience, including system operations, market design and implementation, enterprise architecture, and international development and corporate management. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. 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. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 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. 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Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's Jones has also Dan Woodfin is ERCOTs Vice President of System Operations. 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. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. Before his career in the regulated utility industry, Mr. Vegas served in senior leadership positions with IBM, PricewaterhouseCoopers, and Andersen Consulting. 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. 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