Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. Jones has also Mr. Parakkuth has a masters degree in power systems and power electronics from the Indian Institute of Technology Bombay, and an MBA in information systems and finance from the University of Minnesota. There is no recent news or activity for this profile. Jones comes to ERCOT at a pivotal juncture not just because of the fallout from the winter outages, but also because of a slate of major new programs and market rules designed to modernize the grid. Mr. Taylor has more than 20 years of finance experience in various roles. 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. 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. 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. You could change us.. Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. WebAs of 2022, Brad Joness net worth is $100,000 - $1M. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. 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. While Jones was in New York, Gov. Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. See here for a complete list of exchanges and delays. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. More than 4 million Texas homes and businesses were without power over several days of bitter cold. 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. 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. The agency is also focusing on improving its communications so that customers get a single message and not four or five messages that are conflicting from their energy provider and the state, he said. Previously, Brad was a Director, Information Technol Read More ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. 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. It should give you great confidence that were managing this grid in a much more reliable way.. 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. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. He has a long history of service in both the electric and gas industries. Notifications can be turned off anytime in the browser settings. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. 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. Industry veteran Brad Jones is taking over as interim president and CEO of the The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. 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. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. 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. The Electric Reliability Council of Texas hired an old hand as its interim chief executive. Join others and make your gift to Houston Public Media today. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. If past experience is any indication of future performance, he will. 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. August 8, 2022 Executive Employment Agreement. Contact herby emailor viaTwitter. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. 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?. 2005-2022 Community Impact Newspaper Co. All rights reserved. Elizabeth Souder. 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. 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. 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. Jones comes on board at a time of intense scrutiny for the grid operator, following the February winter storm and power outages that affected the entire state. 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. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. 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. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. She is a former opinion editor on the editorial board and energy reporter for the business section. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. Vice President, System Planning and Weatherization. Dozens of insurance companies have also filed suit. Third is better dialogue on needed technical changes in the power market and ERCOT. He wasnt ready to say if he is leaning to one idea or another. Vice President and Chief Information Officer. 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. Better known as ERCOT, the nonprofit organization is responsible for managing the states electricity grid under the supervision of the Public Utility Commission, whose commissioners are appointed by Gov. I expect for that plan to be very specific and very aggressive, he said. He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. 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. 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. 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. 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. Fri, Mar 18 2022 6:26 PM EDT. 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. 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.. 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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 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. 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. 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. Fort Worth Business Press 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. Updated Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. Thats the job of the Public Utility Commission (PUC), which oversees ERCOT and regulates the grid, as well as the Railroad Commission, which regulates the natural gas sector. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. 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. 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. 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. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. Jones has been to many rodeos. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. Vice President and Chief Financial Officer. Jones did not address the litigation during the town hall. This caused some friction with the governors office, and Jones soon returned to Texas. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. The Texas Public Utility Commission chair followed suit March 1. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. 2023 Fortune Media IP Limited. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. 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. 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 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. We're in the process of transitioning services for our Today in Houston newsletter. 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. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. "Over the next few weeks, I will be meeting with ERCOT staff, elected officials and leaders of various state agencies and developing a 100-day strategic plan to present to state officials and the public. 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. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. 4:45 PM Mar 11, 2021 CST Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. This years storm was far worse, and ERCOT needs to look at weatherization planning. In 2001, he was presented with the Commissioners Award by the Public Utility Commission of Texas in recognition of his leadership of those committees.Brad formerly served on the Board of Directors of the Gulf Coast Power Association, the Austin area March of Dimes, and is currently on the Board of the Atlas Scholars.Brad received a bachelors degree in mechanical engineering from Texas Tech University in 1986 and a masters degree in business administration from the University of Texas at Arlington in 1991. Your subscription will be migrated over. 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. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. He earned both a BS in electrical engineering and an MBA from Texas A&M University. Mrs. Hobbs graduated from Texas A&M University in 1998 with a BS in agribusiness and earned an MSc in agricultural economics from Texas A&M University in 2000. Senior Vice President and Chief Administrative Officer, Chief of Staff. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. 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. 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. Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. DETAILS BELOW. Generators, the grid operator and politicians have clashed over who is to blame, pointing fingers at power plants that didnt prepare for winter, Texass highly deregulated power market, frozen natural gas wells and issues with the grid itself. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. 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. 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. Got an opinion about this issue? He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO for the organization that manages the Texas power grid. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. The industry leader for online information for tax, accounting and finance professionals. P.O. Jones most recent job was chief executive of the New York Independent System Operator, which, similar to ERCOT, operates the New York state electrical grid. 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. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's In 2019, Ms. Spak was promoted to Senior Director of Human Resources at ERCOT and was responsible for all Human Resource functions and programs. 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. ERCOT Verified account @ERCOT_ISO. He has over 35 years of experience in the electric energy industry. According to his LinkedIn page, he left for retirement after three years. Vice President, Security & Compliance and Chief Compliance Officer. 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. Pablo Vegas joined ERCOT in October 2022 as President and CEO. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. 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. Prior to joining ERCOT, he served as Vice President of External Affairs for AEP Texas. Terms & Conditions. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. It should give you great confidence that were managing this grid in a much more reliable way. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. Our community of donors, foundations, and trust, most crucially, with Texans. 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