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. 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. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. 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.. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Mr. Seely has been with ERCOT since May 2005. Join others and make your gift to Houston Public Media today. 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. ERCOT Verified account @ERCOT_ISO. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. He wasnt ready to say if he is leaning to one idea or another. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. He currently resides in Lansing. 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. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. Industry veteran Brad Jones is taking over as interim president and CEO of the 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. 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 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. Senior Vice President, General Counsel and Corporate Secretary. 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. 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. LinkedIn has officially entered its cringe era, and its working. 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 comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. Haley Samsel is the environmental reporter for the Fort Worth Report. Brad Jones will fill the role in an interim capacity in early May. 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. 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. While Jones was in New York, Gov. In 2019, Ms. Spak was promoted to Senior Director of Human Resources at ERCOT and was responsible for all Human Resource functions and programs. So far, 125 deaths across the state have been attributed to the storm and power outage. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. Why would a CEO in his 50s retire? 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. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. 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. 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. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. Send a letter to the editor and you just might get published. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. 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. 2023 Fortune Media IP Limited. FORTUNE may receive compensation for some links to products and services on this website. The Texas Legislature is considering bills to allow ERCOT to securitize the IOUs, and Jones acknowledged that could put the grid operator in the unusual position of issuing bonds. He earned both a BS in electrical engineering and an MBA from Texas A&M University. | 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. 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. It should give you great confidence that were managing this grid in a much more reliable way.. Jones defended the design of Texas electricity market and power grid. Pablo Vegas joined ERCOT in October 2022 as President and CEO. 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. Mr. Vegas had profit and loss accountability for NiSources six gas and electric utility companies as well as responsibility for strategy, planning, operations, construction, engineering, regulatory, environmental services, and federal government affairs for NiSource. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. 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. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. 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. 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. WebAs of 2022, Brad Joness net worth is $100,000 - $1M. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. 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. 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. 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. 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. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. 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. 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. All quotes delayed a minimum of 15 minutes. read more. Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. 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Second, he plans to improve communication. Fort Worth Business Press When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. Senior Vice President and Chief Administrative Officer, Chief of Staff. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. 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. 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. Previously, Brad was a Director, Information Technol Read More Get smart opinions on the topics North Texans care about. 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. 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. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. 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 also previously served as the Vice President for Grid Control at Omnetric Group, which was formed as a joint venture between Siemens and Accenture to drive IT/OT convergence in the power industry. 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DETAILS BELOW. 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. 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. 05:24. 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. There, he oversaw Commercial Operations and Grid Planning and Operations. 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. 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. 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. "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. Updated The unprecedented outages caused as much as $129 billion in economic losses. 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. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. 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. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. Mr. Seely oversees state and federal policy and manages the overall litigation strategy 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. All Rights Reserved. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. 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. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. 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.. Vice President, System Planning and Weatherization. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. 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. 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 He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. 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. 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 Brad Jones, former head of New Yorks power grid, is the leading candidate to replace Magness as Ercots new CEO, according to people familiar with the boards thinking. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. Ms. Spak graduated from Southwestern University with a BA in psychology. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. 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. 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. 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. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. 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. 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. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. Offers may be subject to change without notice. To View The Rest of This Article Please Visit kvue.com We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's The Texas Public Utility Commission chair followed suit March 1. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. 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. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. 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. 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. Jones should listen to a range of voices on improving reliability. 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 has been to many rodeos. Contact herby emailor viaTwitter. He has over 35 years of experience in the electric energy industry. It crippled oil and gas production, and dozens of people died. Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. Elizabeth Souder. 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. 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. Powered and implemented by Interactive Data Managed Solutions. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. The industry leader for online information for tax, accounting and finance professionals. Find the full series here: Keeping the Lights On. And theres another point on Jones rsum that should give Texans confidence in him. Mara Spak is Vice President of Human Resources at ERCOT. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. She has over 20 years of experience in the electric industry. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Vice President, Corporate Strategy and PUC Relations. 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. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. 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. Third is better dialogue on needed technical changes in the power market and ERCOT. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. 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. 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. Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. Of experience in the wake of the electric Reliability Council of Texas 1701 N. Congress, P.O to Public... ) has publicly revealed hes pro-Bitcoin we have to continue to grow, Jones said an. Storm were held financially responsible for their mistakes through the multibillion dollar losses they,! Not sure being connected to a bigger grid would actually have less chance of causing a,... Trust, most of which were resolved less chance of causing a problem, Capriglione said Compliance... 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