Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. 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.. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. 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. 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. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. 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. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. First, he said, ERCOT needs stabilizing, the company itself and the market participants. By Hannah Brol Example video title will go here for this video. 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. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. He didnt immediately respond to a LinkedIn message. 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. FORTUNE may receive compensation for some links to products and services on this website. Vice President, Corporate Strategy and PUC Relations. Contact herby emailor viaTwitter. 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. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. If past experience is any indication of future performance, he will. Vice President, System Planning and Weatherization. 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 a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. Jones did not address the litigation during the town hall. 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. The Electric Reliability Council of Texas hired an old hand as its interim chief executive. There is no recent news or activity for this profile. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. See here for a complete list of exchanges and delays. P.O. 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 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. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. Dozens of insurance companies have also filed suit. Jones was once Ercots chief operating officer, and is a Texan. So far, 125 deaths across the state have been attributed to the storm and power outage. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. He has over 35 years of experience in the electric energy industry. 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. Jones will serve beginning May 4. 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. The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. Notifications can be turned off anytime in the browser settings. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. 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 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. Mara Spak is Vice President of Human Resources at ERCOT. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. TPR was founded by and is supported by our community. 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. 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. 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. See here for a complete list of exchanges and delays. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. 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. More than 4 million Texas homes and businesses were without power over several days of bitter cold. 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. We're in the process of transitioning services for our Today in Houston newsletter. 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.. While Jones was in New York, Gov. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. 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. He didnt immediately respond to a LinkedIn message. 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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. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. 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. He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. It was championed by Magness, who is leaving just as the first stages are rolled out. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New All of those members lived out of state, records show. 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. Jones defended the design of Texas electricity market and power grid. 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. 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. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. 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. Vice President, Security & Compliance and Chief Compliance Officer. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. 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.. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. Join others and make your gift to Houston Public Media today. 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 Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. Fri, Mar 18 2022 6:26 PM EDT. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. 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. Mr. Vegas currently serves on the board of directors at Northwest Bancshares, Inc. Mr. Vegas attended the Advanced Management Program at Harvard Business School, completed the AEP Strategic Leadership program at the Ohio State University, and graduated cum laude from the University of Michigan with a BS degree in mechanical engineering. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. Previously, Brad was a Director, Information Technol Read More After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. Why would a CEO in his 50s retire? 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. Read more about our editorial independence policyhere. The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. She has over 20 years of experience in the electric industry. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. 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. At least 111 Texans died as a result of the disaster, according to numbers released in March by the Department of State Health Services. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. 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. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. And that should give Texans hope that they wont have to spend the summer digging survival bunkers and stocking up on batteries and trail mix. Third is better dialogue on needed technical changes in the power market and ERCOT. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. 2023 Fortune Media IP Limited. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. 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 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. 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