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. 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. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. 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. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. Brad Jones will fill the role in an interim capacity in early May. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. 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, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. He wasnt ready to say if he is leaning to one idea or another. MacKenzie Sigalos. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. 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. This article was originally published byFort Worth Report. 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. By Hannah Brol Ms. Spak graduated from Southwestern University with a BA in psychology. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. Potomac Economics, which monitors the state's power market, said in March that ERCOT kept market prices too high for more than a day after widespread outages ended. Mr. Seely also oversees the ERCOT Reliability Monitor function which assesses ERCOT and ERCOT Market Participant compliance with Texas electric reliability laws under the direction of the Public Utility Commission of Texas. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. During a cold spell earlier this month, natural gas production in Texas dropped significantly, but ERCOT did not report any significant power outages. 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. 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. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. read more. Categories I expect for that plan to be very specific and very aggressive, he said. 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. 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. 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. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. Elizabeth Souder is commentary and Sunday Opinion editor and a member of the editorial board. It was championed by Magness, who is leaving just as the first stages are rolled out. 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. 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. Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. 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. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. 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. This years storm was far worse, and ERCOT needs to look at weatherization planning. 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. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. You could change us.. Vice President and Chief Information Officer. 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. We're in the process of transitioning services for our Today in Houston newsletter. 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. 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. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. All quotes delayed a minimum of 15 minutes. 2023 Fortune Media IP Limited. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. (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.). Second, he plans to improve communication. He didnt immediately respond to a LinkedIn message. Esto es lo que necesita saber para esta semana. FORTUNE may receive compensation for some links to products and services on this website. 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. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 2005-2022 Community Impact Newspaper Co. All rights reserved. Previously, Brad was a Director, Information Technol Read More Our Standards: The Thomson Reuters Trust Principles. 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. 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. Brad Jones (born April 1, 1986) is famous for being football player. 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.. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. 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