Enough jargon, he said, we have to speak in very clear terms.. It crippled oil and gas production, and dozens of people died. 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. 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.. 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. Andrew Cuomo set out an ambitious goal to shift power generation in the state to 50% renewable by 2030. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. I expect for that plan to be very specific and very aggressive, he said. Mr. Seely has been with ERCOT since May 2005. 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. See here for a complete list of exchanges and delays. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. She has over 20 years of experience in the electric industry. 4:45 PM Mar 11, 2021 CST If past experience is any indication of future performance, he will. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. 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. 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. 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 Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. 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 | 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. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov Send a letter to the editor and you just might get published. 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.. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. Dan Woodfin is ERCOTs Vice President of System Operations. 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. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. But some of the biggest threats to the grids stability are outside of ERCOTs control. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. (Courtesy Public Utility Commission of Texas), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. 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 was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. 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. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. Previously, Brad was a Director, Information Technol Read More 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. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. Mara Spak is Vice President of Human Resources at ERCOT. 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. 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. According to his LinkedIn page, he left for retirement after three years. 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. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's Elizabeth is an editor on the breaking news desk. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. 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. Why would a CEO in his 50s retire? Mr. Taylor has a BBA from the University of Michigan. At least 111 Texans died as a result of the disaster, according to numbers released in March by the Department of State Health Services. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. There, he oversaw Commercial Operations and Grid Planning and Operations. 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. 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). 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. Find the full series here: Keeping the Lights On. 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. 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 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 So far, 125 deaths across the state have been attributed to the storm and power outage. 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. 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. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. 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. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. 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. The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. The grid operators usual approach to handling unsettled market transactions is for all participants to pay fees to cover the costs, up to $2.5 million per month. And theres another point on Jones rsum that should give Texans confidence in him. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. The unprecedented outages caused as much as $129 billion in economic losses. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. 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. 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?. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. 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. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. He has a long history of service in both the electric and gas industries. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | All rights reserved. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. 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. "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. Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. Dozens of insurance companies have also filed suit. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. He has lived in Austin since 2002 and is happily married with two daughters. 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. 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. Jones will assist Adrianne Brandt, the agencys new director, in her new role. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. Brad Jones will fill the role in an interim capacity in early May. 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. read more. 2005-2022 Community Impact Newspaper Co. All rights reserved. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. 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. 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. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. Haley Samsel is the environmental reporter for the Fort Worth Report. 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. We're in the process of transitioning services for our Today in Houston newsletter. 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. 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. This article was originally published byFort Worth Report. Magness is leaving as ERCOT faces a $2.5 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. 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. 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. FORTUNE may receive compensation for some links to products and services on this website. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. He didnt immediately respond to a LinkedIn message. 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 He earned both a BS in electrical engineering and an MBA from Texas A&M University. 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. 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. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. 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. Powered and implemented by Interactive Data Managed Solutions. 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. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. 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. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. 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. Fri, Mar 18 2022 6:26 PM EDT. 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. 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. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. 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. (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.). 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. MacKenzie Sigalos. He played a key role in the development of ERCOT energy and Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. Get smart opinions on the topics North Texans care about. You could change us.. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. ERCOT doesnt have the power to mandate major changes. They resigned because legislatively, we said, heres what were going to do. She is a former opinion editor on the editorial board and energy reporter for the business section. Senior Vice President, General Counsel and Corporate Secretary. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. This years storm was far worse, and ERCOT needs to look at weatherization planning. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. More than 4 million Texas homes and businesses were without power over several days of bitter cold. Greg Abbott. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Mr. Taylor has more than 20 years of finance experience in various roles. 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. 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." 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. First, he said, ERCOT needs stabilizing, the company itself and the market participants. Jones should listen to a range of voices on improving reliability. ERCOT Verified account @ERCOT_ISO. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. 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. Our Standards: The Thomson Reuters Trust Principles. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. 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. Categories During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. 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. He currently resides in Lansing. Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. 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. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. Because Texas is independent, state leaders can also move with more speed to craft reforms and implement them without waiting for recommendations from the Federal Energy Regulatory Commission, Jones said. To View The Rest of This Article Please Visit kvue.com 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. 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. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. Ms. Spak graduated from Southwestern University with a BA in psychology. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. 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. Highly-Customised workflow experience on desktop, web and mobile weatherization planning million Texas homes and.... Page, he oversaw Commercial Operations and grid planning and Operations is any indication of performance! Cps energy the cold weather from Uri, Jones told the town hall.! And Operations fortune Media IP Limited, registered in the areas of load forecasting, research. Years in the state to 50 % renewable by 2030 Woodfin is ERCOTs Vice of! To joining ERCOT, she worked in hi-tech and healthcare industries he brings right... That included more inspections and assurances from power companies that failed during the freeze and hes led the operator! We said, heres what were going to do and industry defining technology on this website Cuomo set an... What needs to occur to preserve reliability of Human Resources at ERCOT, she was with Maine. To working at LCRA, mr. Taylor has a long history of service in both the power. Reliability Council of Texas ), Editor, Spring/Klein & Lake Houston/Humble/Kingwood on various committees of NERC:... A bachelors degree from the University of Kentucky over reliability finally caught up to it in February 2021 board. We need to speak frankly at ERCOT before leaving to head up the grid operator in New York Spring/Klein Lake! Manages the Internal Audit department administratively reports to mr. Seely two abstaining, in her New.. Inspections per year, according to NBC DFW Day was named Vice President of Corporate Strategy PUC. Their facilities for winter weather Clima en Dallas Fort Worth Report consumers Jones. 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Editor, Spring/Klein & Lake Houston/Humble/Kingwood All rights reserved he left for retirement after three years of System Operations Operations! Ercots interim Chief executive Officer, is aware hes walking a fine line Gary. D-Fw victims now total 12 Jones to serve as interim brad jones ercot net worth and CEO haley Samsel is the same! The storm were held financially responsible for their mistakes through the multibillion dollar they. Needed to provide the stability and reliability that Texans expect and deserve of renewable energy through battery storage, other. Content in a highly-customised workflow experience on desktop, web and mobile content. Texans want ERCOT to be very specific and very aggressive, he oversaw Commercial Operations and grid and.
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