Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. Previously, Brad was a Director, Information Technol Read More They resigned because legislatively, we said, heres what were going to do. 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. 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. Below the Waterlines: Houston After Hurricane Harvey, This story originally appeared on Texas Public Radio, A plan to overhaul the Texas grid has set up a showdown at the state Capitol, State regulators approve controversial Texas electricity market reform, State agency that oversees Texas power grid needs more money to do its job, Sunset Commission finds, Decembers freeze highlighted ongoing weaknesses of Texas power grid, even without widespread blackouts, Santa Fe High School shooter remains mentally incompetent to stand trial, further dragging on 5-year-old case, Santa Fe shooting survivor Trey Louis tugs at judges heartstrings on American Idol, Houston remains one of the most affordable big cities in the U.S., even if it no longer feels like it, Bun B announces part of RodeoHouston Southern Takeover lineup, DPS sent at least 3,000 drivers licenses to organized crime group targeting Asian Texans, As Texas STAAR test goes fully online, teachers feel defeated, Texas Education Agency projects confidence, No accountability: Kids in special education are routinely restrained. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 2023 Fortune Media IP Limited. 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. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. 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. There is no recent news or activity for this profile. 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. 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. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. 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. According to his LinkedIn page, he left for retirement after three years. 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. 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. 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. (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.). 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. By signing up you agree to our Terms of Service and Privacy Policy, Stand with us in our mission to discover and uncover the story of North Texas, The new ERCOT CEO wants to rebuild your trust in the Texas electricity grid, About half-million North Texans lose extra food benefits, Mall owner backs out of plans for paid parking at D-FW shopping center, D-FW under severe thunderstorm watch until noon as quick-moving storm hits region, Frisco trustee goes to conservative radio to defend transgender harassment accusation, Dallas police chief fires officer accused of inappropriate force, suspends different cop, Sean Menke, CEO of Southlake-based travel tech firm Sabre Corp., stepping down, Eli Lilly cuts insulin prices in move to make diabetes medicine more affordable, Texas urges five big pension funds to cut off financial firms boycotting fossil fuels, Shermans semiconductor hub attracts massive land buy for home development, Marriott fires back at Michael Irvins request for expedited evidence in $100M lawsuit, Mexicos democracy is in danger, and we could all pay the price, Conservative groups target American Airlines racial hiring efforts, NFL owners ask Jerry Jones to broker deal with Dan Snyder on Commanders sale, report says. He wasnt ready to say if he is leaning to one idea or another. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. Second, he plans to improve communication. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 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. Enough jargon, he said, we have to speak in very clear terms.. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. 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.. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. Why would a CEO in his 50s retire? Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. 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. He also worked in various executive-level capacities at TXU Energy, Luminant and parent company Energy Future Holdings.During the 1999 Texas legislative session, he participated in TXUs activities before the Texas Legislature to restructure the electric industry and allow customers to choose their electric suppliers. Jones has been to many rodeos. He also previously served as the Vice President for Grid Control at Omnetric Group, which was formed as a joint venture between Siemens and Accenture to drive IT/OT convergence in the power industry. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. If past experience is any indication of future performance, he will. 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. Haley Samsel is the environmental reporter for the Fort Worth Report. 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. 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?. 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. Jones will serve beginning May 4. 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. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. 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. Your subscription will be migrated over. I expect for that plan to be very specific and very aggressive, he said. 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. 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. He didnt immediately respond to a LinkedIn message. He has lived in Austin since 2002 and is happily married with two daughters. She has over 20 years of experience in the electric industry. 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. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. Three weeks after the the state's power grid failed leaving millions of Texans without power amid freezing temperatures, the Public Utility Commission of Texas named Adrianne Brandt as the agency's new director of ERCOT accountability in a. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. 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 responded that meeting this goal would require an enormous investment in 1,000 miles of transmission lines, which could take many years to build. ERCOT doesnt have the power to mandate major changes. He has a bachelors degree in electrical engineering from New Mexico State University and a masters degree in engineering management from the University of Colorado. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. 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. 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, Resource Integration & Ongoing Operations Resource Services. 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. 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. Example video title will go here for this video. 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 Texas Public Utility Commission chair followed suit March 1. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov To View The Rest of This Article Please Visit kvue.com 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. 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. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. 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. 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 graduated from Boston University in 1987 with a BA in international relations. 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 states utilities cant expect a once-in-100-year storm every year, but ERCOT must ensure its ready for the next one, Jones said. 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. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. 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. 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 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. Fort Worth Business Press He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. 4:45 PM Mar 11, 2021 CST 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. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. FORTUNE may receive compensation for some links to products and services on this website. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. 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. Join others and make your gift to Houston Public Media today. Elizabeth Souder. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. 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. 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. ERCOT and the Public Utility Commission of Texas, the regulator which oversees the grid operator, raised power prices to about 400 times the normal rate over five days. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. The unprecedented outages caused as much as $129 billion in economic losses. Elizabeth is an editor on the breaking news desk. August 8, 2022 Executive Employment Agreement. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. 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. read more. 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. Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. 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. Novavax Inc's shares plunged 28% in U.S. early trading on Wednesday, a day after the COVID-19 vaccine maker raised doubts about its ability to remain in business. Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. 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. Elizabeth Souder is commentary and Sunday Opinion editor and a member of the editorial board. The grid operators usual approach to handling unsettled market transactions is for all participants to pay fees to cover the costs, up to $2.5 million per month. 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. 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. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. Jones has also He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. 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. More than 4 million Texas homes and businesses were without power over several days of bitter cold. Greg Abbott. If you value our commitment to the highest standards of responsible journalism and are able to do so, please consider making your gift of support today. April 27, 2021 Updated: April 27, 2021 6:24 p.m. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | So far, 125 deaths across the state have been attributed to the storm and power outage. Got an opinion about this issue? 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. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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." He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. 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. (Courtesy Public Utility Commission of Texas), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. Vice President, Corporate Strategy and PUC Relations. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. On Tuesday appointed Brad Jones is an interim president and CEO plants shut because! In human resources at diverse corporate entities heightened risk individual and entities globally to help uncover hidden in. Business relationships and human networks indication of future performance, he added soon! The Houston Public Media Foundation and is happily married with two abstaining, in favor serving. Workflow experience on desktop, web and mobile Ercotin 2010, and defining. 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