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 will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Enough jargon, he said, we have to speak in very clear terms.. ERCOT doesnt have the power to mandate major changes. 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. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender 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. 2023 Fortune Media IP Limited. Jones has been to many rodeos. By, How the ongoing drought impacts the Hill Country, Gulf of Mexico warming at faster rate than global ocean, study finds, Bills make their way to committees at the Capitol this week, the first step toward possible passage, Why hurricanes feel like they're getting more frequent. 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. Texans can be confident that the grid is more prepared than ever before, he added. More than 4 million Texas homes and businesses were without power over several days of bitter cold. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. Brad Jones will fill the role in an interim capacity in early May. Updated 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. 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. He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. 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. 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. 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 senior vice president and chief operating officer. 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. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. 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. By Hannah Brol DETAILS BELOW. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. I expect for that plan to be very specific and very aggressive, he said. It should give you great confidence that were managing this grid in a much more reliable way.. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. 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. His exit comes days after the head of the states utility regulator stepped down after receiving withering criticism by state lawmakers during hearings last week. Got an opinion about this issue? Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. Previously, Brad was a Director, Information Technol Read More 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 development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. And theres another point on Jones rsum that should give Texans confidence in him. Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. 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. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. Vice President, Security & Compliance and Chief Compliance Officer. To View The Rest of This Article Please Visit kvue.com Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. Jones did not address the litigation during the town hall. Greg Abbott. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. All rights reserved. Example video title will go here for this video. Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. 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. But some of the biggest threats to the grids stability are outside of ERCOTs control. Categories Fri, Mar 18 2022 6:26 PM EDT. It should give you great confidence that were managing this grid in a much more reliable way. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. 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. 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. 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. TPR was founded by and is supported by our community. 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. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. Andrew Cuomo set out an ambitious goal to shift power generation in the state to 50% renewable by 2030. 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. All quotes delayed a minimum of 15 minutes. Join others and make your gift to Houston Public Media today. 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. 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. He has a long history of service in both the electric and gas industries. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. Industry veteran Brad Jones is taking over as interim president and CEO of the If past experience is any indication of future performance, he will. For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. Read more about our editorial independence policyhere. 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. Jones responded that meeting this goal would require an enormous investment in 1,000 miles of transmission lines, which could take many years to build. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. read more. 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. 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. 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. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. 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. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. 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. Jones was once Ercots chief operating officer, and is a Texan. The industry leader for online information for tax, accounting and finance professionals. 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 LinkedIn has officially entered its cringe era, and its working. 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.. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. At this point, Jones said there are three components to his trust plan. 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 Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. August 8, 2022 Executive Employment Agreement. 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. 2005-2022 Community Impact Newspaper Co. All rights reserved. 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. Jones will assist Adrianne Brandt, the agencys new director, in her new role. 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. Mr. Vegas currently serves on the board of directors at Northwest Bancshares, Inc. Mr. Vegas attended the Advanced Management Program at Harvard Business School, completed the AEP Strategic Leadership program at the Ohio State University, and graduated cum laude from the University of Michigan with a BS degree in mechanical engineering. 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. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. The Texas Public Utility Commission chair followed suit March 1. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. According to his LinkedIn page, he left for retirement after three years. He has over 35 years of experience in the electric energy industry. Mara Spak is Vice President of Human Resources at ERCOT. This caused some friction with the governors office, and Jones soon returned to Texas. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. Second, he plans to improve communication. 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. 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, Ercots interim chief executive officer, is aware hes walking a fine line. She has over 20 years of experience in the electric industry. At least 111 Texans died as a result of the disaster, according to numbers released in March by the Department of State Health Services. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. 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. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. 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 Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. The unprecedented outages caused as much as $129 billion in economic losses. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. 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. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. 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.". WebAs of 2022, Brad Joness net worth is $100,000 - $1M. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. First, he said, ERCOT needs stabilizing, the company itself and the market participants. 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. 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. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. All of those members lived out of state, records show. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. Below the Waterlines: Houston After Hurricane Harvey, This story originally appeared on Texas Public Radio, A plan to overhaul the Texas grid has set up a showdown at the state Capitol, State regulators approve controversial Texas electricity market reform, State agency that oversees Texas power grid needs more money to do its job, Sunset Commission finds, Decembers freeze highlighted ongoing weaknesses of Texas power grid, even without widespread blackouts, Santa Fe High School shooter remains mentally incompetent to stand trial, further dragging on 5-year-old case, Santa Fe shooting survivor Trey Louis tugs at judges heartstrings on American Idol, Houston remains one of the most affordable big cities in the U.S., even if it no longer feels like it, Bun B announces part of RodeoHouston Southern Takeover lineup, DPS sent at least 3,000 drivers licenses to organized crime group targeting Asian Texans, As Texas STAAR test goes fully online, teachers feel defeated, Texas Education Agency projects confidence, No accountability: Kids in special education are routinely restrained. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes 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. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. 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. Mr. Taylor has more than 20 years of finance experience in various roles. 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. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. 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. The marketplace, including consumers, Jones said in an interim capacity in early May the agencys New Director in. 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