Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. He earned both a BS in electrical engineering and an MBA from Texas A&M University. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. Haley Samsel is the environmental reporter for the Fort Worth Report. 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. Get smart opinions on the topics North Texans care about. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. March 11, 2021 / 3:16 PM / CBS DFW. The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. Jones will assist Adrianne Brandt, the agencys new director, in her new role. Mr. Taylor has a BBA from the University of Michigan. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. Were going to have all new board members, theyre going to meet a certain criteria, theyre going to be able to make tough decisions on the spur of the moment.. Jones should listen to a range of voices on improving reliability. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. He wasnt ready to say if he is leaning to one idea or another. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. 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. Brad Jones will fill the role in an interim capacity in early May. 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. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. Contact herby emailor viaTwitter. Third is better dialogue on needed technical changes in the power market and ERCOT. 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.. 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. 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. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Elizabeth Souder is commentary and Sunday Opinion editor and a member of the editorial board. In 2019, Ms. Spak was promoted to Senior Director of Human Resources at ERCOT and was responsible for all Human Resource functions and programs. 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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. DETAILS BELOW. read more. 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. Vice President, Security & Compliance and Chief Compliance Officer. 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. 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. 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. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. 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. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. 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. Jones defended the design of Texas electricity market and power grid. Our Standards: The Thomson Reuters Trust Principles. 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. It should give you great confidence that were managing this grid in a much more reliable way. 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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. 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. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. Jones was once Ercots chief operating officer, and is a Texan. 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 didnt immediately respond to a LinkedIn message. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. 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. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. 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. Elizabeth is an editor on the breaking news desk. He played a key role in the development of ERCOT energy and Vice President, Corporate Strategy and PUC Relations. Dan Woodfin is ERCOTs Vice President of System Operations. By Hannah Brol The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. At this point, Jones said there are three components to his trust plan. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. 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. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. 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. 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. For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. Offers may be subject to change without notice. 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.. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. read more. Before his career in the regulated utility industry, Mr. Vegas served in senior leadership positions with IBM, PricewaterhouseCoopers, and Andersen Consulting. 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. Gas is a very protected and treasured resource within the Texas economy and the Texas politics, so you have to pick your battles, Cramton said. Second, he plans to improve communication. MacKenzie Sigalos. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. 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 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. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. They resigned because legislatively, we said, heres what were going to do. 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 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 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, the interim chief executive of the Electric Reliability Council of Texas, has been a busy man since taking over the troubled agency last May. 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. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. 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. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. 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. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. ERCOT ousted Bill Magness as CEO in March after a February winter storm caused widespread blackouts across Texas, a state unaccustomed to extreme cold, leaving residents without heat, power or water for days. 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 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. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. Mr. Taylor has more than 20 years of finance experience in various roles. 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That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. 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. She has over 20 years of experience in the electric industry. Previously, Brad was a Director, Information Technol Read More AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. FORTUNE may receive compensation for some links to products and services on this website. If past experience is any indication of future performance, he will. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. 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. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. Vice President and Chief Information Officer. More than 4 million Texas homes and businesses were without power over several days of bitter cold. Why would a CEO in his 50s retire? 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. Seely has been with ERCOT since May 2005. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. 05:24. It was championed by Magness, who is leaving just as the first stages are rolled out. 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. 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. 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. Taylor is a veteran of the U.S. Army, where he served as a forward observer. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. "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. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. Brad Jones will fill the role in an interim capacity in early May. 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. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. Andrew Cuomo set out an ambitious goal to shift power generation in the state to 50% renewable by 2030. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. 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. 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. 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