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. Send a letter to the editor and you just might get published. Jones defended the design of Texas electricity market and power grid. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. While Jones was in New York, Gov. All quotes delayed a minimum of 15 minutes. Pablo Vegas joined ERCOT in October 2022 as President and CEO. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. Mr. Taylor has a BBA from the University of Michigan. 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 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?. Brad Jones will fill the role in an interim capacity in early May. 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. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. 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. Jones should listen to a range of voices on improving reliability. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. MacKenzie Sigalos. Texans can be confident that the grid is more prepared than ever before, he added. 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.". Mrs. Hobbs graduated from Texas A&M University in 1998 with a BS in agribusiness and earned an MSc in agricultural economics from Texas A&M University in 2000. 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. 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. Brad Jones (born April 1, 1986) is famous for being football player. 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). Previously, Brad was a Director, Information Technol Read More She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. 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. 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. 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. 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. First, he said, ERCOT needs stabilizing, the company itself and the market participants. Mr. Taylor has more than 20 years of finance experience in various roles. Greg Abbott. 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. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes 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. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. You could change us.. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. 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. 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. So far, 125 deaths across the state have been attributed to the storm and power outage. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. He has lived in Austin since 2002 and is happily married with two daughters. Were bringing on more reserves in various situations where we see cold fronts come through, bringing on board reserves, and keeping those reserves on to make sure that if something unexpected happens, that we have those reserves available, Jones said. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. Get smart opinions on the topics North Texans care about. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. WebAs of 2022, Brad Joness net worth is $100,000 - $1M. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. Mr. Taylor is a veteran of the U.S. Army, where he served as a forward observer. P.O. This years storm was far worse, and ERCOT needs to look at weatherization planning. March 11, 2021 / 3:16 PM / CBS DFW. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. (Courtesy Public Utility Commission of Texas), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. Esto es lo que necesita saber para esta semana. 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. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. 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. At this point, Jones said there are three components to his trust plan. 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. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. It should give you great confidence that were managing this grid in a much more reliable way. He has a long history of service in both the electric and gas industries. This article was originally published byFort Worth Report. 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. Our Standards: The Thomson Reuters Trust Principles. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. 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. 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. He also leads advancements in generation and transmission planning to help meet long-term forecasting needs and ensures that the latest grid and technology changes are incorporated into models used by ERCOT for analysis. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. 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. Powered and implemented by Interactive Data Managed Solutions. 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 Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. Magness is leaving as ERCOT faces a $2.5 2005-2022 Community Impact Newspaper Co. All rights reserved. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. 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. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Jones will assist Adrianne Brandt, the agencys new director, in her new role. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. Jones has been to many rodeos. 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. By Hannah Brol 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. 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. 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. 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.. 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. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. 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 spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. 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. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. 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. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. The board gave Bill Magness a 60-day termination notice at the beginning of March. 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. 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. Dozens of insurance companies have also filed suit. Haley Samsel is the environmental reporter for the Fort Worth Report. All of those members lived out of state, records show. All rights reserved. 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. 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.. 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. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. 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. Jones was once Ercots chief operating officer, and is a Texan. 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. He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. 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. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, 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. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. He didnt immediately respond to a LinkedIn message. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. 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. 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. Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. Mara Spak is Vice President of Human Resources at ERCOT. 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