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. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. All Rights Reserved. There is no recent news or activity for this profile. It should give you great confidence that were managing this grid in a much more reliable way.. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. Jones will assist Adrianne Brandt, the agencys new director, in her new role. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. 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. 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. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. April 27, 2021 Updated: April 27, 2021 6:24 p.m. 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. Got an opinion about this issue? FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. Pablo Vegas joined ERCOT in October 2022 as President and CEO. For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. It should give you great confidence that were managing this grid in a much more reliable way. First, he said, ERCOT needs stabilizing, the company itself and the market participants. Jones did not address the litigation during the town hall. It was championed by Magness, who is leaving just as the first stages are rolled out. All rights reserved. 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. The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. 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. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Mr. Seely has been with ERCOT since May 2005. 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. See here for a complete list of exchanges and delays. 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. 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. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. 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.. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. 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. Second, he plans to improve communication. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. This article was originally published byFort Worth Report. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. | 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. Vice President and Chief Information Officer. 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. The Electric Reliability Council of Texas hired an old hand as its interim chief executive. 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. 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. August 8, 2022 Executive Employment Agreement. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. 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. Offers may be subject to change without notice. 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. Elizabeth Souder is commentary and Sunday Opinion editor and a member of the editorial board. 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. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. 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? Hancock, who represents portions of Tarrant and Dallas counties, said. 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. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. 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. 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. 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. 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. See here for a complete list of exchanges and delays. 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. Ms. Spak graduated from Southwestern University with a BA in psychology. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. Elizabeth is an editor on the breaking news desk. 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. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. 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. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. The Commission named Adrianne Brandt director of ERCOT Inc. accountability, and former ERCOT COO Brad Jones will assist her in a consultant role, the PUC said March 11. 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. 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. Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. 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 played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. 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. I expect for that plan to be very specific and very aggressive, he said. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. He didnt immediately respond to a LinkedIn message. 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. Dan Woodfin is ERCOTs Vice President of System Operations. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. Magness is leaving the Electric Reliability Council of Texas after the board voted to terminate his employment and gave him a 60-day term notice, according to a notice to Ercot staff and contractors seen by Bloomberg News. Third is better dialogue on needed technical changes in the power market and ERCOT. Industry veteran Brad Jones is taking over as interim president and CEO of the Posted: Apr 27, 2021 / 02:41 PM CDT. According to his LinkedIn page, he left for retirement after three years. Mr. Taylor has a BBA from the University of Michigan. The industry leader for online information for tax, accounting and finance professionals. 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. 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 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?. Your subscription will be migrated over. 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. All quotes delayed a minimum of 15 minutes. They resigned because legislatively, we said, heres what were going to do. Vice President, Security & Compliance and Chief Compliance Officer. Categories Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. Powered and implemented by Interactive Data Managed Solutions. 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. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. 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.". Vice President, System Planning and Weatherization. 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. Elizabeth Souder. Jones will serve beginning May 4. 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 Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov 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. Previously, Brad was a Director, Information Technol Read More Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | 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. TPR was founded by and is supported by our community. 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. He has over 35 years of experience in the electric energy industry. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following 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. And theres another point on Jones rsum that should give Texans confidence in him. Team to implement market deregulation in Maine surely good training for updating protocols. 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