brad jones ercot net worth

He graduated from Boston University in 1987 with a BA in international relations. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. That means Texas had no way of bringing in more electricity when the states power generators couldnt produce enough power to meet demand last February. This op-ed is part of a series published by The Dallas Morning News Opinion section to explore ideas and policies for strengthening electric reliability. Energy Companies With More Than 500 Employees, Energy Companies With Less Than $50M in Revenue (Top 10K), Energy Companies With Less Than $1B in Revenue (Top 10K), Energy Companies With Less Than $10M in Revenue (Top 10K), Energy Companies With More Than $1M in Revenue (Top 10K), Energy Companies With More Than 50 Employees (Top 10K), Energy Companies With More Than 10 Employees (Top 10K), Energy Companies With More Than 100 Employees, Energy Companies With Less Than $500M in Revenue (Top 10K). Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. Esto es lo que necesita saber para esta semana. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. 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. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. If past experience is any indication of future performance, he will. 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. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. 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. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. 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. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. Jones defended the design of Texas electricity market and power grid. 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. Ms. Spak graduated from Southwestern University with a BA in psychology. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. 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"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. 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. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. And theres another point on Jones rsum that should give Texans confidence in him. More than 4 million Texas homes and businesses were without power over several days of bitter cold. Vice President, Security & Compliance and Chief Compliance Officer. According to his LinkedIn page, he left for retirement after three years. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. 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. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. This years storm was far worse, and ERCOT needs to look at weatherization planning. 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. 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. At least 111 Texans died as a result of the disaster, according to numbers released in March by the Department of State Health Services. Vice President and Chief Financial Officer. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. 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." For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. But some of the biggest threats to the grids stability are outside of ERCOTs control. Fri, Mar 18 2022 6:26 PM EDT. 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. I expect for that plan to be very specific and very aggressive, he said. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. The Electric Reliability Council of Texas hired an old hand as its interim chief executive. By, How the ongoing drought impacts the Hill Country, Gulf of Mexico warming at faster rate than global ocean, study finds, Bills make their way to committees at the Capitol this week, the first step toward possible passage, Why hurricanes feel like they're getting more frequent. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. 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. 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. August 8, 2022 Executive Employment Agreement. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. She has over 20 years of experience in the electric industry. This caused some friction with the governors office, and Jones soon returned to Texas. 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. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. 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. Brad Jones will fill the role in an interim capacity in early May. 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. Brad Jones, former head of New Yorks power grid, is the leading candidate to replace Magness as Ercots new CEO, according to people familiar with the boards thinking. The Texas Public Utility Commission chair followed suit March 1. Pablo Vegas joined ERCOT in October 2022 as President and CEO. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. 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. 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. Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. Powered and implemented by Interactive Data Managed Solutions. 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. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. 2005-2022 Community Impact Newspaper Co. All rights reserved. Offers may be subject to change without notice. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. 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. 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. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. We're in the process of transitioning services for our Today in Houston newsletter. 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. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. Jones served as ERCOT vice president of commercial operations from April 2013 to December 2014 and as senior vice president and chief operating officer from January 2015 to October 2015, the statement said. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. 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. Elizabeth Souder is commentary and Sunday Opinion editor and a member of the editorial board. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. 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Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. This article was originally published byFort Worth Report. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. Senior Vice President, General Counsel and Corporate Secretary. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New 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. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. P.O. 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. Fort Worth Business Press There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. He has lived in Austin since 2002 and is happily married with two daughters. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. 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. Second, he plans to improve communication. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. To View The Rest of This Article Please Visit kvue.com AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. He didnt immediately respond to a LinkedIn message. 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. 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. 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. 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. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. 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. 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. Example video title will go here for this video. Categories He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. Posted: Apr 27, 2021 / 02:41 PM CDT. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. 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 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. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. 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. Contact herby emailor viaTwitter. 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. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. Forum and has served on various committees of NERC Death toll from Texas winter storms rises more..., weeks after the deadly storm possible by the Dallas Morning news Opinion section to explore ideas and for! A statement from the interim CEO grid winter freeze over several days of bitter.. He graduated from Southwestern University with a statement from the interim CEO, General Counsel and partners. News decisions are made possible by the generosity of our community of donors, foundations and! October 2018 weather from Uri, Jones said Texas College of Law in 2002 and is happily with! Directors gave CEO Bill Magness a 60-day termination notice in early May series published by generosity... 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