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. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. 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. Categories Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. 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. Lake and interim ERCOT CEO Brad Jones have been routinely describing the procurement of massive amounts of reserve capacity, even when they arent needed, as conservative. (now worth $600-$800 million per year) to storage that can sustain for 4 hours. 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. Brad Jones will fill the role in an interim capacity in early May. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. There, he oversaw Commercial Operations and Grid Planning and Operations. Fri, Mar 18 2022 6:26 PM EDT. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Dan Woodfin is ERCOTs Vice President of System Operations. 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. He played a key role in the development of ERCOT energy and Jones has also Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. 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. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. It should give you great confidence that were managing this grid in a much more reliable way.. He also leads advancements in generation and transmission planning to help meet long-term forecasting needs and ensures that the latest grid and technology changes are incorporated into models used by ERCOT for analysis. 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. 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). Esto es lo que necesita saber para esta semana. Mr. Taylor has more than 20 years of finance experience in various roles. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. Prior to joining ERCOT, Mr. Seely was an attorney at the Texas Department of Insurance, working on enforcement matters against insurance agents and companies before the State Office of Administrative Hearings (SOAH) and the Commissioner of Insurance. (Courtesy Public Utility Commission of Texas), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. Third is better dialogue on needed technical changes in the power market and ERCOT. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. 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 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. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. First, he said, ERCOT needs stabilizing, the company itself and the market participants. (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.). Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. Find the full series here: Keeping the Lights On. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. Why would a CEO in his 50s retire? 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. 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. read more. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. The Electric Reliability Council of Texas hired an old hand as its interim chief executive. Mr. Vegas had profit and loss accountability for NiSources six gas and electric utility companies as well as responsibility for strategy, planning, operations, construction, engineering, regulatory, environmental services, and federal government affairs for NiSource. Ms. Spak graduated from Southwestern University with a BA in psychology. 4:49 PM Mar 11, 2021 CST, 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 news release March 11. See here for a complete list of exchanges and delays. According to his LinkedIn page, he left for retirement after three years. 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. 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. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. FORTUNE may receive compensation for some links to products and services on this website. 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 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. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. DETAILS BELOW. 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. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. Enough jargon, he said, we have to speak in very clear terms.. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. In 2019, Ms. Spak was promoted to Senior Director of Human Resources at ERCOT and was responsible for all Human Resource functions and programs. 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. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. 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. Vice President, Security & Compliance and Chief Compliance Officer. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. Your subscription will be migrated over. Those preparations can mean installing more insulation, building structures around facilities to protect equipment and using thermal blankets to keep equipment from freezing, he said. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. He currently resides in Lansing. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. Get smart opinions on the topics North Texans care about. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. 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. 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. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Example video title will go here for this video. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. And theres another point on Jones rsum that should give Texans confidence in him. But some of the biggest threats to the grids stability are outside of ERCOTs control. He has a long history of service in both the electric and gas industries. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. 2023 Fortune Media IP Limited. He has lived in Austin since 2002 and is happily married with two daughters. Brad Jones will fill the role in an interim capacity in early May. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov Greg Abbott. Jones was once Ercots chief operating officer, and is a Texan. The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. Read more about our editorial independence policyhere. 4:45 PM Mar 11, 2021 CST Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. 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. Mr. Taylor has a BBA from the University of Michigan. 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 defended the design of Texas electricity market and power grid. 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. 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. ERCOT doesnt have the power to mandate major changes. Got an opinion about this issue? Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. Previously, Mr. gelman worked as a Senior Economist for the Texas Office of Public Utility Counsel, which represents residential electric consumers in Texas, from 1997 to 2007. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. Chad V. Seely is Senior Vice President, General Counsel, and Corporate Secretary for ERCOT and has been serving as General Counsel since January 1, 2016. Serving as Chief of Staff and as interim president/CEO in wake of Magness termination by: Russell.. Protocols for the Texas grid operator, veteran energy executive brad Jones of Hill... 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