WebPublic Utility Commission of Texas 1701 N. Congress, P.O. 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. 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. Jones did not address the litigation during the town hall. 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. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. Prior to joining ERCOT in 2003, he led various generation and transmission planning activities at Central and Southwest Services, Reliant Energy, and West Texas Utilities. 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.. 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. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. He didnt immediately respond to a LinkedIn message. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. 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. Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. Jones defended the design of Texas electricity market and power grid. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. He has a long history of service in both the electric and gas industries. Elizabeth Souder. 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. All rights reserved. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. In that role, he was responsible for managing CPS Energys activities at ERCOT and the Public Utility Commission of Texas (PUC) and developing strategic policy. Prior to joining NiSource, Mr. Vegas held a variety of senior executive positions with American Electric Power (AEP), including President and Chief Operating Officer of AEP Ohio, President and Chief Operating Officer of AEP Texas, and Vice President and Chief Information Officer of AEP. 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. 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. Dramatically shifting our power grid to cleaner energy is a good thing, but its only a politicians promise without electricity experts who know how to build a system to make it so. 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. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. 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 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. 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. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. 4:45 PM Mar 11, 2021 CST Pablo Vegas joined ERCOT in October 2022 as President and CEO. 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. P.O. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. Mara Spak is Vice President of Human Resources at ERCOT. Dozens of insurance companies have also filed suit. 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. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. 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. 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. You could change us.. Contact herby emailor viaTwitter. 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. At least 111 Texans died as a result of the disaster, according to numbers released in March by the Department of State Health Services. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. He has lived in Austin since 2002 and is happily married with two daughters. More than 4 million Texas homes and businesses were without power over several days of bitter cold. If past experience is any indication of future performance, he will. 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. Updated The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. Our Standards: The Thomson Reuters Trust Principles. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. 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. August 8, 2022 Executive Employment Agreement. The agency is also focusing on improving its communications so that customers get a single message and not four or five messages that are conflicting from their energy provider and the state, he said. 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. Fort Worth Business Press He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. Jones will serve beginning May 4. Get smart opinions on the topics North Texans care about. Notifications can be turned off anytime in the browser settings. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. 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. 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. 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. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. Greg Abbott. The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. 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. Jones should listen to a range of voices on improving reliability. Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. The Texas Legislature is considering bills to allow ERCOT to securitize the IOUs, and Jones acknowledged that could put the grid operator in the unusual position of issuing bonds. He has over 35 years of experience in the electric energy industry. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. Texas lawmakers could change that, Heres everything you need to know about school vouchers in Texas, Texas Education Agency denies reapproval for Houston special education school Avondale House, adding strain to underfunded system. 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. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. (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.). Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. 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. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. 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. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's 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. 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. Jones was once Ercots chief operating officer, and is a Texan. 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. Prior to joining ERCOT, he served as Vice President of External Affairs for AEP Texas. 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.. read more. DETAILS BELOW. Texans can be confident that the grid is more prepared than ever before, he added. Jones has also 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. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. 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. 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. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. Mr. Taylor has more than 20 years of finance experience in various roles. 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. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. Senior Vice President and Chief Administrative Officer, Chief of Staff. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. 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. Brad Jones will fill the role in an interim capacity in early May. 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 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. 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. 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 graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. 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. Magness is leaving as ERCOT faces a $2.5 A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. Offers may be subject to change without notice. Join others and make your gift to Houston Public Media today. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. 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 The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. While Jones was in New York, Gov. 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. 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. 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. 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 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. See here for a complete list of exchanges and delays. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Got an opinion about this issue? The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. 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. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. 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. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. 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. Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. read more. Mr. Seely has been with ERCOT since May 2005. 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. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New Jones comes to ERCOT at a pivotal juncture not just because of the fallout from the winter outages, but also because of a slate of major new programs and market rules designed to modernize the grid. 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. Third is better dialogue on needed technical changes in the power market and ERCOT. Read more about our editorial independence policyhere. Jones will assist Adrianne Brandt, the agencys new director, in her new role. 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. All quotes delayed a minimum of 15 minutes. He wasnt ready to say if he is leaning to one idea or another. 2005-2022 Community Impact Newspaper Co. All rights reserved. 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.". Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. Mr. Black began his career in 1990 as a legislative assistant for Representative Tom Craddick in the Texas House of Representatives and later worked for two Texas State Senators. The board gave Bill Magness a 60-day termination notice at the beginning of March. Mr. Rickerson is responsible for guiding new, in-depth generation inspections and coordinating enforcement actions with the Public Utility Commission. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. 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. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. 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. 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. Electricity transmission and distribution providers also need to have plans in place for turning off power intermittently during emergencies so customers can be safer and are not without power for many hours, Jones said. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. 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. For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. Jones was elected to serve until the position has been permanently filled, up to a term of one year, effective May 4, the Electric Reliability Council of Texas board said in an emailed statement. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. 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. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. 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. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. 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. Dan Woodfin is ERCOTs Vice President of System Operations. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes Brad Jones (born April 1, 1986) is famous for being football player. It should give you great confidence that were managing this grid in a much more reliable way. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. In 2019, Ms. Spak was promoted to Senior Director of Human Resources at ERCOT and was responsible for all Human Resource functions and programs. Esto es lo que necesita saber para esta semana. Why would a CEO in his 50s retire? He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. 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. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. 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. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. 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. Vice President, Corporate Strategy and PUC Relations. Enough jargon, he said, we have to speak in very clear terms.. There is no recent news or activity for this profile. Vice President and Chief Information Officer. LinkedIn has officially entered its cringe era, and its working. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. I expect for that plan to be very specific and very aggressive, he said. Posted: Apr 27, 2021 / 02:41 PM CDT. 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. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said.
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