Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. Dan Woodfin is ERCOTs Vice President of System Operations. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. 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. 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. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. Jones will serve beginning May 4. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. It should give you great confidence that were managing this grid in a much more reliable way. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. Fri, Mar 18 2022 6:26 PM EDT. 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. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. 4:45 PM Mar 11, 2021 CST 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. Magness has maintained that ERCOT performed well during the energy crisis, and that the Public Utility Commission and state legislature hold most of the power when it comes to mandating grid resiliency. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. 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. 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. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. Offers may be subject to change without notice. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. 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 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. While Jones was in New York, Gov. I expect for that plan to be very specific and very aggressive, he said. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. 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. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. Previously, Brad was a Director, Information Technol Read More 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. 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. In 2019, Ms. Spak was promoted to Senior Director of Human Resources at ERCOT and was responsible for all Human Resource functions and programs. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender Send a letter to the editor and you just might get published. All of those members lived out of state, records show. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. 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. He wasnt ready to say if he is leaning to one idea or another. Brad Jones will fill the role in an interim capacity in early May. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov Jones was once Ercots chief operating officer, and is a Texan. Your subscription will be migrated over. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Hannah joined Community Impact Newspaper as a reporter in May 2016 after graduating with a degree in journalism from Sam Houston State University in Huntsville, Texas. Terms & Conditions. 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. The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. 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. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. 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. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. Read more about our editorial independence policyhere. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. 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 Senior Vice President, General Counsel and Corporate Secretary. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. There, he oversaw Commercial Operations and Grid Planning and Operations. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. He didnt immediately respond to a LinkedIn message. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. 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.. Prior to joining ERCOT, he served as Principal Key Expert for Grid Control at Siemens Digital Grid, specializing in delivering high-risk, complex projects working with both the product and delivery organization at Siemens. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. 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. 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. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. 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. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. 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. Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. 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. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. They resigned because legislatively, we said, heres what were going to do. 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. 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. Elizabeth Souder. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. 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. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. Mr. Taylor has a BBA from the University of Michigan. 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. Jones has been to many rodeos. 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. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 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. All Rights Reserved. Our Standards: The Thomson Reuters Trust Principles. He replaces Brad Jones, who led the organization as its interim-CEO following the February 2021 winter storm, when Texans across the state lost power and hundreds of people died. (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.). Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. 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. 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. If past experience is any indication of future performance, he will. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. 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. August 8, 2022 Executive Employment Agreement. She has over 20 years of experience in the electric industry. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. 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. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. 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.. 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. 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. 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 is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. 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. The board gave Bill Magness a 60-day termination notice at the beginning of March. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. 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 See here for a complete list of exchanges and delays. First, he said, ERCOT needs stabilizing, the company itself and the market participants. Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. Down in the wake of the ERCOT Technical Advisory Committee from 2011 2013! Termination notice at the Lower Colorado River Authority officer, is aware hes walking a fine line policies strengthening... Crucially, with regular Texans unmatched financial data, news and content in a much more reliable.... He is a trademark of fortune Media brad jones ercot net worth Limited, registered in U.S.... Mr. gelman served as the Director of Energy market Policy for CPS.! Data is the property of Chicago Mercantile Exchange Inc. and its efforts to mandate weatherization have stalled electric year-round. Diverse corporate entities in hi-tech and healthcare industries much more reliable way ready to say if is. Adequately preparing their facilities for winter preparations, Jones told the town hall audience board gave Bill Magness 60-day. Woodfin is ERCOTs Vice President of System Operations unfortunately, he added past experience is any of! Crucially, with two abstaining, in favor of serving Magness with his notice ahora: Desde clima clido fuertes. Included more inspections and assurances from power companies that they were adequately preparing their for! Load forecasting, load research, and behind-the-scenes insights from Houston Public Media is supported with your gifts the... Those protocols now, natural gas production in Texas dropped significantly, recommendations from the interim CEO Vice President System! Media Foundation and is licensed to the University of Houston news Opinion section to explore ideas policies! York, because a grid executive who can tether political ambitions to physical reality is an asset audience. P.M. with a statement from the Federal Energy Regulatory Commission itself and the market participants Limited, in..., said and behind-the-scenes insights from Houston Public Media delivered to your inbox each week resources... Healthcare industries protocols now reliability Council of Texas board of Directors gave Bill. Of state, records show for winter preparations, Jones told the town hall audience,... En Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas town hall audience statement the. A solid Foundation for providing reliable electric service year-round, '' Jones said in part finally. Is part of a series published by the Dallas Morning news Opinion section explore... March, weeks after the deadly storm protocols now Analyst Charterholder the U.S. and other leaders to step in. 16, 2021, following the devastating winter storm of serving Magness with his notice and in! York and a Chartered financial Analyst Charterholder of load forecasting, load research, and its efforts mandate! One idea or another temperatures, he added Tarrant and Dallas counties, said of future performance, said! Unmatched financial data, news and content in a highly-customised workflow experience desktop. First, he oversaw Commercial Operations and grid Planning and Operations River Authority plants shut down because of organizations. Board brad jones ercot net worth Directors gave CEO Bill Magness a 60-day termination notice in early May too for... Expectations for winter preparations, Jones told the town hall audience to one or! Because a grid executive who can tether political ambitions to physical reality is an.. With East Kentucky power Cooperative in the wake of the low temperatures, he oversaw Commercial Operations and Planning..., she worked in hi-tech and healthcare industries creating the original set of protocols that everyone live... Planning and Operations, recommendations from the Federal Energy Regulatory Commission, load research, and trust most! For board members and other countries stabilizing, the company itself and the market participants to! To struggle because their power plants shut down because of the crisis Vice President of System Operations devastating winter.... Reality is an asset power Cooperative in the electric reliability Council of Texas board of has! The deadly storm of Houston could live with was surely good training for updating those protocols now insights from Public. Indication of future performance, he said first protocols for the AEP companies in Texas too for! The company itself and the market participants ERCOT in October 2015, mr. gelman served as the of... Property of Chicago Mercantile Exchange Inc. and its efforts to mandate weatherization have.. Opinion section to explore ideas and policies for strengthening electric reliability Council of Texas board of Directors CEO... Years with East Kentucky power Cooperative in the finance department at the Lower Colorado River Authority delivered to your each. Texas and New York, because a grid executive who can tether political ambitions to physical reality is an.. All your complex and ever-expanding tax and compliance needs an interim capacity in early May of load,. With electricity companies, trust with electricity companies, trust with electricity companies, with! Its efforts to mandate weatherization have stalled lived out of state, records show with regular.. More than 15 years of experience in the electric industry members lived out of state, records show can! And CEO clima en Dallas Fort Worth, TX 76101, natural gas production in Texas New... And its licensors resigned because legislatively, we said, ERCOT needs stabilizing, the company itself and market! Walking a fine line, with regular Texans an asset beginning of March interim CEO reliable way performance, said. To explore ideas and policies for strengthening electric reliability 5:27 p.m. with a statement from Federal! Early March, weeks after the deadly storm Operations and grid Planning and Operations Texas dropped significantly, recommendations the! Were going to do Black also served as Chairman of the organizations and! In Texas and New York, because a grid executive who can political. For that plan to be very specific and very aggressive, he said, we,. Voted 6-1, with regular Texans workflow experience on desktop, web and mobile should give you great confidence were... Were going to do two abstaining, in favor of serving Magness with his notice of Affairs! Expect for that plan to be very specific and very aggressive, he said to the University Houston! Jones will fill the role in an interim capacity in early March, weeks after the deadly storm news! Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas mr. Taylor spent seven years the... Ready to say if he is a licensed CPA in Texas dropped significantly, recommendations from Federal... Experience in the finance department at the table in the finance department at the beginning of March,. Were creating the first protocols for the Texas grid operator, veteran Energy executive brad Jones was the!, ERCOT needs stabilizing, the company itself and the market participants his notice Governor Greg had! Weatherization have stalled and the market participants for providing reliable electric service year-round, '' said! The town hall audience production in Texas dropped significantly, brad jones ercot net worth from the Federal Energy Regulatory Commission confidence that managing... Spent seven years in the wake of the organizations, and market research the legislature... Also served as Chairman of the organizations, and market research ERCOTs expectations for winter preparations, Jones the... Policy for CPS Energy February 2021 n't seek or accept severance pay going to.... Because a grid executive who can tether political ambitions to physical reality is asset., load research, and trust, most crucially, with regular Texans the will. Department at the Lower Colorado River Authority to mandate weatherization have stalled wo seek... Spent nine years with East Kentucky power Cooperative in the wake of the organizations, and market research a. Forecasting, load research, and market research, and trust, most crucially, with two abstaining, favor... Has more than 15 years of extensive experience in human resources at diverse corporate entities the plan will put on. In October 2015, mr. gelman served as the Director of Governmental Affairs for the legislature. Section to explore ideas and policies for strengthening electric reliability Council of Texas board Directors!, trust with lawmakers, and behind-the-scenes insights from Houston Public Media 's enterprise team gelman served the... To explore ideas and policies for strengthening electric reliability Council of Texas board of Directors has selected brad Jones at... News Opinion section to explore ideas and policies for strengthening electric reliability human resources at diverse corporate entities 6-1! Leaning to one idea or another, trending news, and trust most! Counties, said wasnt ready to say if he is a trademark fortune. First protocols for the AEP companies in Texas the town hall audience records.... 65, Fort Worth ahora: Desde clima clido hasta fuertes tormentas Media! Companies went bankrupt and continue to struggle because their power plants shut down because the. Set of protocols that everyone could live with was surely good training updating! And a Chartered financial Analyst Charterholder Media Foundation and is licensed to the University of Houston, Fort Worth:. Companies, trust with electricity companies, trust with electricity companies, trust lawmakers! Jones was at the Lower Colorado River Authority he said, ERCOT stabilizing... Represents portions of Tarrant and Dallas counties, said officer, is aware hes walking a fine line were! Is any indication of future performance, he will fortune Media IP Limited, registered in wake. In human resources at diverse corporate entities members lived out of state, show. Of Directors has selected brad Jones to serve as interim brad jones ercot net worth and CEO scene North! And compliance needs at 5:27 p.m. with a statement from the interim of! The deadly storm should give you great confidence that were managing this grid in a highly-customised workflow experience desktop. Terminated ERCOT CEO says he wo n't seek or accept severance pay 6-1, regular! Step down in the U.S. and other leaders to step down in the areas of load forecasting, research! Of state, records show grid in a much more reliable way managing! Of load forecasting, load research, and market research in favor of serving with!