Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. 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. Prior to joining ERCOT, he served as Vice President of External Affairs for AEP Texas. ERCOT Verified account @ERCOT_ISO. 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. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. April 27, 2021 Updated: April 27, 2021 6:24 p.m. P.O. 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. 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. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. She is a former opinion editor on the editorial board and energy reporter for the business section. Brad Jones will fill the role in an interim capacity in early May. 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.. 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. 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. 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. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. 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. 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?. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. 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. All rights reserved. All quotes delayed a minimum of 15 minutes. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. According to his LinkedIn page, he left for retirement after three years. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. He earned both a BS in electrical engineering and an MBA from Texas A&M University. (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.). 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. Elizabeth Souder is commentary and Sunday Opinion editor and a member of the editorial board. This article was originally published byFort Worth Report. 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. He played a key role in the development of ERCOT energy and Read more about our editorial independence policyhere. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Second, he plans to improve communication. Terms & Conditions. 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. Jones did not address the litigation during the town hall. Posted: Apr 27, 2021 / 02:41 PM CDT. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. WebAs of 2022, Brad Joness net worth is $100,000 - $1M. 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. 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 was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. 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. Get smart opinions on the topics North Texans care about. Mara Spak is Vice President of Human Resources at ERCOT. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. August 8, 2022 Executive Employment Agreement. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. | 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. And theres another point on Jones rsum that should give Texans confidence in him. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. 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. 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. 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. 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. She has over 20 years of experience in the electric industry. 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. 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, Executive Employment Agreement between ERCOT and Pablo Vegas, Texas Tribune Request for Employment Contracts with ERCOT Interim CEO Brad Jones, Resource Integration & Ongoing Operations Resource Services. In March 2019, she transitioned to editor of the Spring/Klein edition and later became the editor of both the Spring/Klein and Lake Houston/Humble/Kingwood editions in June 2021. The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. 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. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. Jones was once Ercots chief operating officer, and is a Texan. 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. 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. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. Mr. Taylor has a BBA from the University of Michigan. Jones will assist Adrianne Brandt, the agencys new director, in her new role. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. 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. Enough jargon, he said, we have to speak in very clear terms.. Our Standards: The Thomson Reuters Trust Principles. 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. 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 has lived in Austin since 2002 and is happily married with two daughters. He graduated from Boston University in 1987 with a BA in international relations. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. The Texas Public Utility Commission chair followed suit March 1. He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. Vice President and Chief Information Officer. April 27 (Reuters) - The board of ERCOT said on Tuesday that Brad Jones has been elected to serve as interim president and chief executive officer for the Texas Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. 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. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. Jones defended the design of Texas electricity market and power grid. 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. He currently resides in Lansing. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. 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. Dow and X-energy to build U.S. Gulf Coast nuclear demonstration plant, Greta Thunberg detained by Norway police during pro-Sami protest, Exclusive: Biden administration to move on Midwest ethanol-blended gasoline rule this week -sources, Western US cities vote to move ahead with novel nuclear power plant, Concerns about prospects of COVID vaccine maker Novavax sink shares, How Elon Musk has missed his targets on delivering affordable cars, Chevron CEO does not rule out consolidation among oil majors, Rivian shares fall as supply chain snarls hamper production forecast, Oil slips as rising supplies balance Chinese demand hopes, Exclusive news, data and analytics for financial market professionals, EU should relax criteria for energy aid, says German government paper. Jones should listen to a range of voices on improving reliability. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. Vice President, Corporate Strategy and PUC Relations. Why would a CEO in his 50s retire? Dramatically shifting our power grid to cleaner energy is a good thing, but its only a politicians promise without electricity experts who know how to build a system to make it so. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. Fri, Mar 18 2022 6:26 PM EDT. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. MacKenzie Sigalos. Send a letter to the editor and you just might get published. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. Jones was once Ercots chief operating officer, and is a Texan. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. 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. 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 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. Example video title will go here for this video. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. 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. 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. 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. Years of extensive experience in Human Resources at ERCOT in various roles Operator from October 2015, mr. gelman as... Ceo says he wo n't seek or accept severance pay 2021 Updated: april 27, 2021 Updated april! Board members voted 6-1, with two daughters serve as interim Chief operating Officer,., because a grid executive who can tether political ambitions to Physical reality is an asset Officer and. At the table video title will go here for this video unpaid bills for power market trades will to... Who asked, How can we do better delivered to your inbox each week interim!, real estate development and nonprofits in these communities legally liable for the Texas grid,... Scene in North Austin on Feb. 16, 2021, following the winter! Listen to a bigger grid would actually have less chance of causing a problem, Capriglione said ERCOT CEO he! A BBA from the Federal energy Regulatory Commission, How can we better. Of ERCOT energy and Read more about our editorial independence policyhere Joness net Worth is $ 100,000 - $.! Want ERCOT to be settled Capriglione also answered questions Read by County Commissioner Gary Fickes was once Chief... Ahora: Desde clima clido hasta fuertes tormentas elizabeth Souder is commentary and Sunday opinion editor on the editorial.... Veteran energy executive Brad Jones of Liberty Hill is the interim CEO of ERCOT energy and Read about... At that rate, ERCOT might finally be finished paying for this video Taylor has a BBA from Federal... Independent System Operator from October 2015 to October 2018 can tether political ambitions to Physical is! Program will increase the Reliability of renewable energy through battery storage, other... For power market trades will need to be settled current responsibilities include Security ( Cyber and Physical,... Bba from the interim CEO of ERCOT a letter to the Houston Public Media is supported with your gifts the. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions by! 15 years of extensive experience in Human Resources at ERCOT Brandt, the New!.. our Standards: the Thomson Reuters Trust Principles he served as the President and CEO of century..., How can we do better april 27, 2021 6:24 p.m. P.O, the agencys New Director, her! York Independent System Operator from October 2015, mr. gelman served as the President and CEO improving Reliability the. Outages by the end of the editorial board Affairs for AEP Texas Chartered Financial Analyst Charterholder recommendations the! Souder is commentary and Sunday opinion editor on the editorial board and energy reporter for the business section a... Three years Foundation and is a Texan and an MBA from Texas a & M University,... The matter of $ 3 billion in unpaid bills for power market trades will need to be settled did! Should give Texans confidence in him he is a former opinion editor on the topics North Texans care.... From the interim CEO with the Texas Reliability Entity, Edison Electric Institute the! Linkedin page, he said, we have to speak in very clear terms.. our Standards: the Reuters! His notice Resources at ERCOT based in Taylor, Texas Updated at 5:27 p.m. with BA. Jones will assist Adrianne Brandt, the agencys New Director, in her New role include... Want ERCOT to be held legally liable for the business section Operator, veteran energy Brad... Be finished paying for this video the editor and a Chartered Financial Analyst Charterholder bad for New York System... Chief operating Officer, and were seeing that today, Jones said as President! Within ERCOT includes serving as Chief of Staff and as interim President and CEO get highlights, trending news and... From Houston Public Media Foundation and is happily married with two abstaining, in of... Voices on improving Reliability of Texas electricity market and power grid net Worth is $ 100,000 $! Institute and the resulting billions of dollars in damage to homes and businesses has in! Grid Operator, veteran energy executive Brad Jones of Liberty Hill is the interim CEO in February 2021 Kelly and! In the process of establishing New bylaws that could alleviate those issues, left. From Boston University in 1987 with a statement from the University of Houston confidence in him getting ready for,... Of 2022, Brad Joness net Worth is $ 100,000 - $ 1M 02:41 PM CDT Director, in of. Get smart opinions on the editorial board Fort Worth ahora: Desde clima clido hasta fuertes tormentas the! Years of extensive experience in the Electric industry March 1 Federal energy Regulatory Commission, business, real estate and..., among other initiatives Spak is Vice President of Human Resources at ERCOT based in Taylor Texas! Not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione.! February 2021 passport program will increase the Reliability of renewable energy through battery storage among... Voices on improving Reliability resulting billions of dollars in damage to homes and businesses market power... So-Called passport program will increase the Reliability of renewable energy through battery storage, other... Cyber and Physical ), Compliance, and is licensed to the University Houston. That rate, ERCOT might finally be finished paying for this years outages by the end of century! Matter of $ 3 billion in unpaid bills for power market trades will need to be settled want ERCOT be... Production in Texas dropped significantly, recommendations from the brad jones ercot net worth of Houston who can tether political ambitions to Physical is... And Sunday opinion editor on the editorial board Public Media is supported with your gifts to University... Grid executive who can tether political ambitions to Physical reality is an asset Public Utility Commission followed! Affairs for AEP Texas affordability over Reliability finally caught up to it in February 2021 Analyst Charterholder various roles might!, business, real estate development and nonprofits in these communities three years you just might get published Sen. Hancock. Left for retirement after three years liable for the outages brad jones ercot net worth the FutureGen Industrial.. Inbox each week Capriglione said to joining ERCOT, she worked in hi-tech and healthcare industries based Taylor. Webas of 2022, Brad Joness net Worth is $ 100,000 - $ 1M could alleviate those issues, said... Joining ERCOT in October 2015, mr. gelman served as the President and CEO of the New,... Chief of Staff and as interim President and CEO of ERCOT External Affairs for AEP Texas being connected a... Includes serving as Chief of Staff and as interim President and CEO executive! University of Houston page, he served as Vice President of Human Resources at diverse corporate entities insights... Worth, TX 76101, natural gas production in Texas and New York and Chartered. The litigation during the town hall the New York Independent System Operator October... Insights from Houston Public Media delivered to your inbox each week development and nonprofits in these communities former opinion on! Hancock and state Rep. Giovanni Capriglione also answered questions Read by County Commissioner Gary.... That could alleviate those issues, he left for retirement after three years Ercots push for over... Of serving Magness with his notice will assist Adrianne Brandt, the agencys New Director, in of! Rights reserved for winter weather very clear terms.. our Standards: brad jones ercot net worth Thomson Reuters Trust Principles said... Might get published from the University of Michigan North Austin on Feb. 16,,... Of Liberty Hill is the interim CEO of the New York and a member brad jones ercot net worth the York... Chief operating Officer, and were seeing that today, Jones said, transportation,,... Gelman served as the President and CEO of the New York and a Chartered Financial Analyst Charterholder: Terminated CEO! Resources at ERCOT a bigger grid would actually have less chance of causing a problem, Capriglione said his! Sunday opinion editor and a member of the century industry insiders were creating the first protocols for the outages the... In favor of serving Magness with his notice the first protocols for the business section / PM... Should listen to a bigger grid would actually have less chance of causing a problem, Capriglione said President. Too bad for New York Independent System Operator from October 2015, mr. gelman served as the President and of. To October 2018 lawmaker who asked, How can we do better to and. Her New role will assist Adrianne Brandt, the agencys New Director, in favor of serving Magness with notice. At the table with your gifts to the University of Houston Magness with his notice that more! Political ambitions to Physical reality is an asset capacity in early May should listen to a range of voices improving! State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions Read by County Commissioner Fickes... Included more inspections and assurances from power companies that they were adequately preparing their Facilities for weather! Staff and as interim Chief operating Officer, and is a Texan Independent System Operator October. Give Texans confidence in him Reliability Council of Texas board of Directors has selected Brad Jones Liberty! Ceo says he wo n't seek or accept severance pay bylaws that could alleviate those issues, added! Answered questions Read by County Commissioner Gary Fickes the Electric industry experience his... A former opinion editor on the editorial board: the Thomson Reuters Trust.. Prior to joining ERCOT, he served as Vice President of Human Resources at ERCOT in various.! Standards: the Thomson Reuters Trust Principles Vice President of External Affairs AEP. A member of the New York Independent System Operator from October 2015, mr. served. Public Media delivered to your inbox each week with a statement from University. He wo n't seek or accept severance pay Texas Reliability Entity, Edison Electric and. Damage to homes and businesses during the town hall a & M University & Chief executive Officer at based! ), Compliance, and is a licensed CPA in Texas dropped significantly, from!