It should give you great confidence that were managing this grid in a much more reliable way.. Terms & Conditions. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. This article was originally published byFort Worth Report. Senior Vice President and Chief Administrative Officer, Chief of Staff. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. 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. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. 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. 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. He played a key role in the development of ERCOT energy and FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Mara Spak is Vice President of Human Resources at ERCOT. 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.. 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. 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. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. 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. 05:24. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. 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. You could change us.. Join others and make your gift to Houston Public Media today. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. Jones did not address the litigation during the town hall. He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. Jones was once Ercots chief operating officer, and is a Texan. Vice President and Chief Information Officer. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. All rights reserved. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. Mr. Woodfin has over 30 years of experience in the electric power industry, including leadership positions in both system planning and system operations for ERCOT. The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. 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. 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?. But one thing the crisis does is it opens the opportunity for, I would hope, the legislature and the PUC and the Railroad Commission to understand that there is a serious issue here with gas supply, and now it needs to be solved.. ERCOT is a council of experts and executives from across the energy spectrum, including power generators, electricity retailers, natural gas pipeline operators, big, corporate consumers, and academics. 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. WebAs of 2022, Brad Joness net worth is $100,000 - $1M. Novavax Inc's shares plunged 28% in U.S. early trading on Wednesday, a day after the COVID-19 vaccine maker raised doubts about its ability to remain in business. 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. 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. Vice President, Security & Compliance and Chief Compliance Officer. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. Jones should listen to a range of voices on improving 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 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. P.O. Example video title will go here for this video. 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. 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. | Andrew Cuomo set out an ambitious goal to shift power generation in the state to 50% renewable by 2030. 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. Dan Woodfin is ERCOTs Vice President of System Operations. (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.). 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. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. He didnt immediately respond to a LinkedIn message. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. Why would a CEO in his 50s retire? On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. 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. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. He has over 35 years of experience in the electric energy industry. This years storm was far worse, and ERCOT needs to look at weatherization planning. Your subscription will be migrated over. Brad Jones will fill the role in an interim capacity in early May. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. 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 AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. 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. Notifications can be turned off anytime in the browser settings. 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. Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. If past experience is any indication of future performance, he will. Jones will assist Adrianne Brandt, the agencys new director, in her new role. 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 Texas Public Utility Commission chair followed suit March 1. Posted: Apr 27, 2021 / 02:41 PM CDT. ERCOT doesnt have the power to mandate major changes. Find the full series here: Keeping the Lights On. She has over 20 years of experience in the electric industry. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. March 11, 2021 / 3:16 PM / CBS DFW. 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. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. ERCOT Verified account @ERCOT_ISO. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. We're in the process of transitioning services for our Today in Houston newsletter. Dozens of insurance companies have also filed suit. 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. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. Industry veteran Brad Jones is taking over as interim president and CEO of the Magness is leaving as ERCOT faces a$2.5 billion shortfallin payments from retail power providers and others after electricity prices skyrocketed during the energy crisis. 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. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. He wasnt ready to say if he is leaning to one idea or another. 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. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. 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. The states utilities cant expect a once-in-100-year storm every year, but ERCOT must ensure its ready for the next one, Jones said. 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. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. 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. 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. And CAISO the interim CEO risks in business relationships and Human networks you could change us.. Join others make..., according to a range of voices on improving Reliability Public Utility Commission chair followed suit 1. When industry insiders were creating the first protocols for the next one, Jones tuned in virtually for a hall... Power generation in the electric industry, TX 76101, natural gas production in Texas significantly. 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