Example video title will go here for this video. The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. While Jones was in New York, Gov. Got an opinion about this issue? Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. If past experience is any indication of future performance, he will. More than 4 million Texas homes and businesses were without power over several days of bitter cold. Enough jargon, he said, we have to speak in very clear terms.. At least 111 Texans died as a result of the disaster, according to numbers released in March by the Department of State Health Services. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. Because Texas is independent, state leaders can also move with more speed to craft reforms and implement them without waiting for recommendations from the Federal Energy Regulatory Commission, Jones said. He earned both a BS in electrical engineering and an MBA from Texas A&M University. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. 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. Third is better dialogue on needed technical changes in the power market and ERCOT. 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. The unprecedented outages caused as much as $129 billion in economic losses. She has over 20 years of experience in the electric industry. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. Jones was once Ercots chief operating officer, and is a Texan. 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. Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. 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 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. 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. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. WebAs of 2022, Brad Joness net worth is $100,000 - $1M. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Esto es lo que necesita saber para esta semana. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. Prior to ERCOT, Mr. Vegas was Executive Vice President of NiSource, and Group President of NiSource Utilities, where he oversaw NiSources electric and gas business segments and championed outstanding service to NiSource customers. (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.). Read more about our editorial independence policyhere. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. Ms. Spak graduated from Southwestern University with a BA in psychology. Texans can be confident that the grid is more prepared than ever before, he added. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 05:24. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. See here for a complete list of exchanges and delays. Posted: Apr 27, 2021 / 02:41 PM CDT. March 11, 2021 / 3:16 PM / CBS DFW. During a cold spell earlier this month, natural gas production in Texas dropped significantly, but ERCOT did not report any significant power outages. Brad Jones (born April 1, 1986) is famous for being football player. 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. MacKenzie Sigalos. 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 gap left by the previous CEO who was ousted in the wake of a deadly blackout in February. 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. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. Senior Vice President and Chief Administrative Officer, Chief of Staff. He graduated from Boston University in 1987 with a BA in international relations. 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. Our Standards: The Thomson Reuters Trust Principles. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. This years storm was far worse, and ERCOT needs to look at weatherization planning. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. 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. Pablo Vegas joined ERCOT in October 2022 as President and CEO. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. Updated Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. Vice President and Chief Financial Officer. Jones has also Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. 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. 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. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. His experience with the electric industry in the United States and Canada, as well as Kosovo, Afghanistan, and sub-Saharan Africa, has provided Dr. Tamby with broad leadership and technical experience, including system operations, market design and implementation, enterprise architecture, and international development and corporate management. Jones will assist Adrianne Brandt, the agencys new director, in her new role. The Texas Public Utility Commission chair followed suit March 1. 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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. 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. 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 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. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. 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. Jones did not address the litigation during the town hall. LinkedIn has officially entered its cringe era, and its working. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. Haley Samsel is the environmental reporter for the Fort Worth Report. Jones will serve beginning May 4. If you'd like to sign up now, fill out the form below and we will add you as soon as we finish the transition. Send a letter to the editor and you just might get published. 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. This caused some friction with the governors office, and Jones soon returned to Texas. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. ERCOT announced that four of its board members resigned Wednesday, Feb. 24 following its board meeting, and a fifth board member separately submitted her resignation. Join others and make your gift to Houston Public Media today. 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. He currently resides in Lansing. 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. Jones defended the design of Texas electricity market and power grid. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. read more. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. 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. She joined ERCOT in 2015 as Director of Total Rewards and Systems and was responsible for the companys compensation, benefits, human resources systems, and corporate payroll. See here for a complete list of exchanges and delays. It was championed by Magness, who is leaving just as the first stages are rolled out. You could change us.. 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. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. 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. Magness is leaving as ERCOT faces a $2.5 He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. Prior to joining ERCOT in 2003, he led various generation and transmission planning activities at Central and Southwest Services, Reliant Energy, and West Texas Utilities. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. Find the full series here: Keeping the Lights On. Mr. Taylor has a BBA from the University of Michigan. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. 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. 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. P.O. 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. By Hannah Brol 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. 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. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 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. Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. Previously, Brad was a Director, Information Technol Read More Mr. Black holds a bachelors degree from the University of Texas at San Antonio. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. 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. 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. Industry veteran Brad Jones is taking over as interim president and CEO of the To your inbox each week its cringe era, and its working trending news, and systems. She has over 20 years of experience in the electric industry experience to his position including. The town hall as President and CEO Texans want ERCOT to be held legally for! 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