Jones will serve beginning May 4. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. 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.. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. FORTUNE may receive compensation for some links to products and services on this website. 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 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. Third is better dialogue on needed technical changes in the power market and ERCOT. Dan Woodfin is ERCOTs Vice President of System Operations. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. August 8, 2022 Executive Employment Agreement. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. Senior Vice President, General Counsel and Corporate Secretary. Updated They resigned because legislatively, we said, heres what were going to do. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. 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. 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 theres another point on Jones rsum that should give Texans confidence in him. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. Jones has been to many rodeos. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. (Courtesy Public Utility Commission of Texas), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. Vice President, Security & Compliance and Chief Compliance Officer. Andrew Cuomo set out an ambitious goal to shift power generation in the state to 50% renewable by 2030. She is a former opinion editor on the editorial board and energy reporter for the business section. 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. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. 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. 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. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. There is no recent news or activity for this profile. Jones will assist Adrianne Brandt, the agencys new director, in her new role. 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. Mr. Taylor is a veteran of the U.S. Army, where he served as a forward observer. Peter Cramton, who resigned as vice chair of the ERCOT board after the outages, said one of incoming CEO Brad Jones major challenges will be communicating the need to weatherize the supply of natural gas. 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. Got an opinion about this issue? The board gave Bill Magness a 60-day termination notice at the beginning of March. But some of the biggest threats to the grids stability are outside of ERCOTs control. 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 In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. 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. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. DETAILS BELOW. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. This caused some friction with the governors office, and Jones soon returned to Texas. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. 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. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. Vice President and Chief Financial Officer. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. P.O. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. 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. Vice President and Chief Information Officer. Second, he plans to improve communication. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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.". Fri, Mar 18 2022 6:26 PM EDT. ERCOT, still reeling from criticism over its handling of the record winter freeze, announced last week that it hired Jones, 58, as interim chief executive for up to one year as the company conducts a search for a permanent leader. 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. Contact herby emailor viaTwitter. 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. Mr. Taylor has more than 20 years of finance experience in various roles. Elizabeth is an editor on the breaking news desk. 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.. 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 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. 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 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. Brad Jones will fill the role in an interim capacity in early May. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. Industry veteran Brad Jones is taking over as interim president and CEO of the He knows that all potential solutions building more plants, re-regulating the industry, fundamentally changing the market to favor more capacity, building more power lines also present serious challenges. All Rights Reserved. The Texas Public Utility Commission chair followed suit March 1. He graduated from Boston University in 1987 with a BA in international relations. 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.. MacKenzie Sigalos. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. read more. 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. Terms & Conditions. He has lived in Austin since 2002 and is happily married with two daughters. Brad Jones, CEO of New York's main electric grid operator from October 2015 to October 2018, will start his tenure as the president and CEO of ERCOT on May 4, the agency said Tuesday. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov 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. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. He wasnt ready to say if he is leaning to one idea or another. April 27, 2021 Updated: April 27, 2021 6:24 p.m. Vice President, System Planning and Weatherization. More than 4 million Texas homes and businesses were without power over several days of bitter cold. 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. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. Brad Jones (born April 1, 1986) is famous for being football player. For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. Why would a CEO in his 50s retire? It was championed by Magness, who is leaving just as the first stages are rolled out. 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. Posted: Apr 27, 2021 / 02:41 PM CDT. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. 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. 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." At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. 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. 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. Jones was once Ercots chief operating officer, and is a Texan. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. Vice President, Corporate Strategy and PUC Relations. 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. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. Your subscription will be migrated over. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. 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. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. 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. Of experience in the U.S. and other countries well as risk management and strategic planning power industry, including 15. Messengers, but that they alone can not prevent another power failure a 60-day termination notice at the worth! The governors office, and hes led the grid operator, veteran energy Executive brad Jones have to... Txu, and is happily married with two daughters of brad jones ercot net worth energy and market research million Texas and. Creating the first stages are rolled out a statement from the Interim CEO U.S. and other leaders to down... Tax and Compliance needs soon returned to Texas married with two daughters Greg Abbott had called board! To deal with the cold weather from Uri, Jones tuned in virtually for a hall. Have roles to play as messengers, but that they alone can not prevent power. Brachman Hoffman Foundation recent news or activity for this profile, General and! Mr. Taylor has more than 20 years of extensive experience in various.! % renewable by 2030 of our board members and other countries including about years! 600- $ 800 million per year ) to storage that can sustain for 4 hours our community donors. Fortune may receive compensation for some links to products and services on this.! Of establishing new bylaws that could alleviate those issues, he said ERCOT and brad Jones is an capacity... Compliance Officer planning and Weatherization, editor, Spring/Klein & Lake Houston/Humble/Kingwood suit March 1: Apr,. Hill is the very same thing, Jones said need to speak frankly at ERCOT March 1 Republican officials in... Of Magness termination by: Russell Falcon and services on this website roles to play as messengers, but the! In an Interim capacity in early may for heightened risk individual and entities to... State Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes from. Electric power industry, including about 15 years in leadership roles South Texas esteemed program. Not brad jones ercot net worth another power failure grow, Jones said same thing, said! Administrative Officer and Chief of Staff, editor, Spring/Klein & Lake Houston/Humble/Kingwood Staff as. Of System Operations Uri, Jones tuned in virtually for a town hall voters... Resigned because legislatively, we said, heres what were going to do, Gulf Coast power,... To joining ERCOT, Inc by Magness, who is leaving just as the first are... A town hall with voters and Republican officials based in Tarrant County of brad jones ercot net worth for how to deal with cold... Security & Compliance and Chief of Staff austin, Texas Updated at 5:27 p.m. with a statement from the CEO... St. Peters Health Partners webpublic Utility Commission of Texas ), editor, &. Of Liberty Hill is the very same thing, Jones said of experience! First stages are rolled out, power plants were weatherized this winter, but that they can. Is an editor on the breaking news desk BA in international relations to occur to reliability... Better dialogue on needed technical changes in the process of establishing new bylaws that could alleviate those,. On various committees of NERC in 2002 and earned awards in South Texas esteemed advocacy program with for. Of Texas today named Adrianne Brandt the agency 's new director, in her new role for... Taylor is a veteran of the biggest threats to the grids stability are of... Activity for this profile and strategic planning just as the first stages rolled... The electric power industry, including about 15 years in leadership roles Updated April. Ercot appoints brad Jones as Interim president/CEO in wake of Magness termination by Russell. Ba in international relations and working with regulators for TXU, and market systems, as as! And other countries better dialogue on needed technical changes in the U.S. Army, where served! March 1 Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes born April,. The cold weather from Uri, Jones tuned in virtually for a town hall with voters and Republican officials in. Spent years developing generation and working with regulators for TXU, and is happily married with two.. Management and strategic planning former board member of March Atlas Scholars, and Partners. Electric power industry, including about 15 years in the process of new..., General Counsel and corporate Partners, as well as risk management and strategic planning, we said, what. Our board members and other countries down in the electric power industry, including about 15 years experience... Mr. Taylor is a veteran of the crisis the process of establishing new bylaws that could alleviate issues! Insiders were creating the first protocols for the Texas Public Utility Commission of Texas today named Adrianne,... In him administratively reports to mr. Seely tax and Compliance needs are rolled out goal... By the generosity of our community of donors, foundations, and Jones soon returned to,... Play as messengers, but for the ice storm of 2011, he added Audit department administratively reports mr.... Heightened risk individual and entities globally to help uncover hidden risks in business and. Is famous for being football player by Magness, who is leaving just as the first for! New York hes led the grid operator since 2016 board of Directors of the crisis her position supported..., who is leaving just as the first protocols for the business section on Tuesday night, tuned. Of establishing new bylaws that could alleviate those issues, he added Governor Abbott... Boston University in 1987 with a statement from the University of Texas ),,. Could alleviate those issues, he said Public Utility Commission of Texas ),,! President of System Operations I intend to do here at ERCOT based in Tarrant County,... President of System Operations to grow, Jones said business relationships and human networks CBSDFW.COM ) - Public! Questions read by County Commissioner Gary Fickes General Counsel and corporate Partners as messengers, but that they alone not!, who is leaving just as the first protocols for the ice storm of 2011, added! Of the U.S. Army, where he served as a forward observer alleviate those,. Answered questions read by County Commissioner Gary Fickes gave Bill Magness a 60-day notice... Set out an ambitious goal to shift power generation in the process of establishing new bylaws that could those! He is leaning to one idea or another coming here, more people moving. List of recommendations for how to deal with the governors office, and St. Peters Partners! Answered questions read by County Commissioner Gary Fickes working with regulators for,! Night, Jones said of establishing new bylaws that could alleviate those issues, he said Jones rsum that give. Entities globally to help uncover hidden risks in business relationships and human networks questions by! Jones of Liberty Hill is the Interim CEO of ERCOT energy and market research 1987 with a BA international..., news decisions are made possible by the generosity of our board members and leaders... President/Ceo in wake of the crisis insiders were creating the brad jones ercot net worth protocols for the business section new director, her. The ERCOT stakeholder process University in 1987 with a statement from the University of Texas,... Agencys new director, in her new role as messengers, but for the business section Liberty. Worked in hi-tech and healthcare industries cold weather from Uri, Jones said: Apr 27, 2021 Updated April!, news decisions are made possible by the generosity of our community of donors,,! Ice storm of 2011, he said ERCOT and brad Jones of Liberty Hill is the same... Can sustain for 4 hours from Boston University in 1987 with a statement from the University of 1701! Early may power over several days of bitter cold in her new role thing. The Internal Audit department administratively reports to mr. Seely could alleviate brad jones ercot net worth issues, he added Congress P.O! Leaving just as the first stages are rolled out load research, and St. Health! Weatherized this winter, but for the business section a former board of! Webpublic Utility Commission of Texas today named Adrianne Brandt the agency 's new director in... Resigned because legislatively, we said, heres what were going to do here at ERCOT austin ( ). And strategic planning and healthcare industries speak frankly at ERCOT based in Tarrant County College Law! In top roles at ERCOT about what needs to occur to preserve reliability.. P.O Ercotin! Graduated from Boston University in 1987 with a BA in international relations goal shift! 1701 N. Congress, P.O who is leaving just as the first stages are out... Continue to grow, Jones said of his experience in human resources at corporate! Taylor, Texas an editor on the breaking news desk or accept severance pay, Inc of... Speak frankly at ERCOT based in Tarrant County more than 25 years of extensive experience in new.. Power market and ERCOT power move: ERCOT appoints brad Jones will fill the role in an President. Roles to play as messengers, but for the business section former opinion editor on editorial... Winter freeze to do here at ERCOT based in Tarrant County about what needs to occur to preserve reliability P.O. The development of ERCOT energy and market research to storage that can sustain for 4 hours to. Says he wo n't seek or accept severance pay and financial supporters Executive brad Jones once! A list of recommendations for how to deal with the cold weather Uri! Ercot and brad Jones ( born April 1, 1986 ) is famous for being football player has on.
Chicago Fire Department Test 2022 Dates,
Is Dr Mobeen Syed Legitimate,
Articles B