Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. The new ERCOT CEO wants to rebuild your trust in the Texas electricity grid Brad Jones expects to present a 100-day plan within a month. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. Jones was once Ercots chief operating officer, and is a Texan. Fri, Mar 18 2022 6:26 PM EDT. In March 2019, she transitioned to editor of the Spring/Klein edition and later became the editor of both the Spring/Klein and Lake Houston/Humble/Kingwood editions in June 2021. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. (This extreme rate was sustained by the Public Utility Commission for days to try to incentivize power plant owners to get their plants working and back online, and the high rate ended up pushing some retailers into bankruptcy.). Jones defended the design of Texas electricity market and power grid. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. Vice President and Chief Financial Officer. He currently resides in Lansing. TPR was founded by and is supported by our community. 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. 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 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. Elizabeth Souder is commentary and Sunday Opinion editor and a member of the editorial board. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. 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. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. It should give you great confidence that were managing this grid in a much more reliable way.. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. He earned both a BS in electrical engineering and an MBA from Texas A&M University. Posted: Apr 27, 2021 / 02:41 PM CDT. 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.. Previously, Brad was a Director, Information Technol Read More 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. 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 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. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. 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. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | Novavax Inc's shares plunged 28% in U.S. early trading on Wednesday, a day after the COVID-19 vaccine maker raised doubts about its ability to remain in business. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. 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. Mr. Seely has been with ERCOT since May 2005. 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. 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.. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. The unprecedented outages caused as much as $129 billion in economic losses. WebAs of 2022, Brad Joness net worth is $100,000 - $1M. 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. 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. 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. 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. 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. 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. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. Your subscription will be migrated over. But some of the biggest threats to the grids stability are outside of ERCOTs control. MacKenzie Sigalos. He has over 35 years of experience in the electric energy industry. Fort Worth Business Press 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 Send a letter to the editor and you just might get published. FORTUNE may receive compensation for some links to products and services on this website. Greg Abbott. "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. You could change us.. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. To View The Rest of This Article Please Visit kvue.com What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. 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. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. Then, as the Texas electric market prepared for retail competition, he led several workgroups and committees in the ERCOT market participant forums that created the successful competitive electricity market in Texas. He is 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. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. 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. 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). Example video title will go here for this video. 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. 2023 Fortune Media IP Limited. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. Ms. Spak graduated from Southwestern University with a BA in psychology. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. While Jones was in New York, Gov. 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. 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. More than 4 million Texas homes and businesses were without power over several days of bitter cold. 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, Executive Employment Agreement between ERCOT and Pablo Vegas, Texas Tribune Request for Employment Contracts with ERCOT Interim CEO Brad Jones, Resource Integration & Ongoing Operations Resource Services. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. 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 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. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. 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. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. 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. 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. 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. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. Mara Spak is Vice President of Human Resources at ERCOT. 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. 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." read more. 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. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. 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. 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. This article was originally published byFort Worth Report. 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. 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. Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. 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, she worked in hi-tech and healthcare industries. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. He graduated from Boston University in 1987 with a BA in international relations. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. Esto es lo que necesita saber para esta semana. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. Our Standards: The Thomson Reuters Trust Principles. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. Mr. Taylor is a veteran of the U.S. Army, where he served as a forward observer. 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. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. Vice President, Security & Compliance and Chief Compliance Officer. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. 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.. In 2001, he was presented with the Commissioners Award by the Public Utility Commission of Texas in recognition of his leadership of those committees.Brad formerly served on the Board of Directors of the Gulf Coast Power Association, the Austin area March of Dimes, and is currently on the Board of the Atlas Scholars.Brad received a bachelors degree in mechanical engineering from Texas Tech University in 1986 and a masters degree in business administration from the University of Texas at Arlington in 1991. If past experience is any indication of future performance, he will. Pablo Vegas joined ERCOT in October 2022 as President and CEO. 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. 4:45 PM Mar 11, 2021 CST The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. By signing up you agree to our Terms of Service and Privacy Policy, Stand with us in our mission to discover and uncover the story of North Texas, The new ERCOT CEO wants to rebuild your trust in the Texas electricity grid, About half-million North Texans lose extra food benefits, Mall owner backs out of plans for paid parking at D-FW shopping center, D-FW under severe thunderstorm watch until noon as quick-moving storm hits region, Frisco trustee goes to conservative radio to defend transgender harassment accusation, Dallas police chief fires officer accused of inappropriate force, suspends different cop, Sean Menke, CEO of Southlake-based travel tech firm Sabre Corp., stepping down, Eli Lilly cuts insulin prices in move to make diabetes medicine more affordable, Texas urges five big pension funds to cut off financial firms boycotting fossil fuels, Shermans semiconductor hub attracts massive land buy for home development, Marriott fires back at Michael Irvins request for expedited evidence in $100M lawsuit, Mexicos democracy is in danger, and we could all pay the price, Conservative groups target American Airlines racial hiring efforts, NFL owners ask Jerry Jones to broker deal with Dan Snyder on Commanders sale, report says. Brad Jones will fill the role in an interim capacity in early May. Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. 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. From the impact of the growing electric vehicle market on the grid to the legislative actions taken after Winter Storm Uri, Jones said, ERCOT is preparing generators to provide enough power for a booming population amid weather challenges. For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. According to his LinkedIn page, he left for retirement after three years. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Notifications can be turned off anytime in the browser settings. Third is better dialogue on needed technical changes in the power market and ERCOT. Magness will continue to serve as CEO and work with state leaders and regulators on potential reforms while Ercots board conducts a search for a replacement, according to the notice to staff and contractors. Categories Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. In this role, Mr. Woodfin leads Real-Time Operations, Operations Planning, Forecasting and Ancillary Services, Outage Coordination, and other engineering activities that support the reliable operation of the power system and promote efficient power markets. 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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