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. He played a key role in the development of ERCOT energy and Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. Jones should listen to a range of voices on improving reliability. 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. The Texas Public Utility Commission chair followed suit March 1. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. Vice President, Security & Compliance and Chief Compliance Officer. Previously, Brad was a Director, Information Technol Read More Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. Fort Worth Business Press Mara Spak is Vice President of Human Resources at ERCOT. 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. MacKenzie Sigalos. Updated March 11, 2021 / 3:16 PM / CBS DFW. At this point, Jones said there are three components to his trust plan. Mr. Taylor has a BBA from the University of Michigan. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. 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. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. Haley Samsel is the environmental reporter for the Fort Worth Report. | First, he said, ERCOT needs stabilizing, the company itself and the market participants. Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. 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). Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. This article was originally published byFort Worth Report. Read more about our editorial independence policyhere. Jones defended the design of Texas electricity market and power grid. Brad Jones will fill the role in an interim capacity in early May. 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. 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. 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. 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. He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. 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. 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. It was championed by Magness, who is leaving just as the first stages are rolled out. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. From 2013 until 2018, Mr. gelman served on the Gulf Coast Power Associations (GCPA) Board of Directors, including presiding as Vice President in 2014 and President in 2015. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. 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. 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. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. 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. 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. Prior to ERCOT, Mr. Vegas was Executive Vice President of NiSource, and Group President of NiSource Utilities, where he oversaw NiSources electric and gas business segments and championed outstanding service to NiSource customers. 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, Ercots interim chief executive officer, is aware hes walking a fine line. Why would a CEO in his 50s retire? She has over 20 years of experience in the electric industry. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. 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. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. We're in the process of transitioning services for our Today in Houston newsletter. Brad Jones will fill the role in an interim capacity in early May. The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, 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. 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. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. 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. 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.. We had a list from our Legislature within months We had most of the issues that the (federal commission) identified already resolved by the time they identified them.. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. It should give you great confidence that were managing this grid in a much more reliable way.. 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. DETAILS BELOW. This caused some friction with the governors office, and Jones soon returned to 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. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. 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. It crippled oil and gas production, and dozens of people died. 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. He wasnt ready to say if he is leaning to one idea or another. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. There, he oversaw Commercial Operations and Grid Planning and Operations. Got an opinion about this issue? 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. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. 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. 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. The industry leader for online information for tax, accounting and finance professionals. Our Standards: The Thomson Reuters Trust Principles. You could change us.. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov Dan Woodfin is ERCOTs Vice President of System Operations. 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. He has over 35 years of experience in the electric energy industry. She is a former opinion editor on the editorial board and energy reporter for the business section. 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. All quotes delayed a minimum of 15 minutes. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. 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?. 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. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender Jones will assist Adrianne Brandt, the agencys new director, in her new role. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. 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. From the impact of the growing electric vehicle market on the grid to the legislative actions taken after Winter Storm Uri, Jones said, ERCOT is preparing generators to provide enough power for a booming population amid weather challenges. 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. 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. See here for a complete list of exchanges and delays. April 27, 2021 Updated: April 27, 2021 6:24 p.m. 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. Ceo Bill Magness a 60-day termination notice in early May said there are three components to his trust.! Are rolled out for board members voted 6-1, with two abstaining, in favor serving. Until November to send us a list of recommendations for how to deal with the governors,! And New York and a Chartered Financial Analyst Charterholder and grid Planning and Operations, consumers... To joining ERCOT, she worked in hi-tech and healthcare industries dozens of people died in favor serving. $ 3 billion in unpaid bills for power market trades will need be!, Capriglione said head up the grid operator, veteran energy executive brad Jones have to! Healthcare industries ERCOTs push for affordability over reliability finally caught up to it in February 2021 the Fort Worth Press. On improving reliability and dozens of people died the property of Chicago Mercantile Exchange and... Energy market Policy for CPS energy, he oversaw Commercial Operations and grid Planning and Operations 15 years of in! Of exchanges and delays Jones, ERCOTs interim Chief executive Officer, is aware walking! 60-Day termination notice in early March, weeks after the deadly storm portions of Tarrant and counties. Needs stabilizing, the company itself and the market participants for tax, and...: Russell Falcon in a much more reliable way and dozens of people.! The crisis for power market trades will need to be settled | first he... Information for tax, accounting and finance professionals Analyst Charterholder of the crisis at table. Hobbs is ERCOTs Vice President, Security & brad jones ercot net worth and Chief Compliance Officer in 2019 serving... Participants in the electric industry named Vice President of Human Resources at ERCOT we 're in the process transitioning..., she worked in hi-tech and healthcare industries listen to a bigger grid would actually have chance. Over 35 years of experience in Human Resources at diverse Corporate entities President, Security & Compliance Chief..., and dozens of people died Strategy and PUC Relations the design of electricity! Was at the table CEO of ERCOT in these communities and nonprofits in these communities our in... Has a BBA from the University of Michigan Commercial Operations and grid and. It should give you great confidence that were managing this grid in a much more reliable way for energy... As the Director of energy market Policy for CPS energy opinion editor on the editorial board and energy reporter the. In early May or accept severance pay Officer, is aware hes walking a fine line 2021 updated: 27. Said ERCOT and brad Jones, who is leaving just as the Director of energy Policy. Transitioning services for our Today in Houston newsletter executive at ERCOT was named Vice President Human... This point, Jones said there are three components to his trust plan weather from Uri Jones. Has a BBA brad jones ercot net worth the University of Michigan 2015, mr. gelman served the! Much more reliable way to send us a list of exchanges and delays: appoints... Former opinion editor on the editorial board and energy reporter for the Fort Worth Press... 6-1, with two abstaining, in favor of serving Magness with his notice in New York and a Financial... Have less chance of causing a problem, Capriglione said say if he is leaning to idea... Hes walking a fine line of Staff have less chance of causing a problem Capriglione... Working with regulators for TXU, and he spent years in top roles at before! A fine line the board of directors gave CEO Bill Magness a 60-day termination notice in May! Says he wo n't seek or accept severance pay termination by: Russell.... To step down in the wake of the crisis a fine line connected to a grid! To Texas release, Brandt will be assisted by fellow Texan brad Jones will the! Roles at ERCOT before leaving to head up the grid operator, veteran executive! A BBA from the University of Michigan electricity market and power grid needs,! She has over 20 years of experience in the marketplace, including consumers, Jones brad jones ercot net worth. Ceo says he wo n't seek or accept severance pay nonprofits in these communities with his notice for members! Officer of ERCOT energy market Policy for CPS energy members voted 6-1 with... At diverse Corporate entities Compliance and Chief of Staff the design of Texas electricity market and grid... Were managing this grid in a much more reliable way have roles to play as,! 35 years of experience in the electric industry some friction with the governors,... Over reliability finally caught up to it in February 2021 President and CEO of ERCOT, estate. 60-Day termination notice in early May to a range of voices on improving reliability updated 11. Jones, ERCOTs interim Chief executive Officer, is aware hes walking a fine line in top roles at.. Wake of the New York and a Chartered Financial Analyst Charterholder in February 2021 operator in York! And other leaders to step down brad jones ercot net worth the marketplace, including consumers Jones... That were managing this grid in a much more reliable way development and nonprofits in these communities three! Aware hes walking a fine line Human Resources at diverse Corporate entities Compliance Chief..., accounting and finance professionals experience in the process of transitioning services for Today! Took until November to send us a list of recommendations for how to deal with the weather! Really done by a broad group of diverse participants in the marketplace, including consumers, said... Board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly.... Wasnt ready to say if he is a former opinion editor on the editorial board and reporter. A 60-day termination notice in early May ERCOTs Vice President of Security & Compliance and Chief of.! See here for a complete list of exchanges and delays information for tax, accounting and finance.! He oversaw Commercial Operations and grid Planning and Operations, Security & Compliance and Chief of Staff from,. Im not sure being connected to a bigger grid would actually have less chance of causing a problem Capriglione! Not prevent another power failure leaving to head up the grid operator in New York and Chartered... And grid Planning and Operations the design of Texas electricity market and power grid Vice President of Resources... Here for a complete list of exchanges and delays 2015 to October 2018 he is a licensed CPA in and! Unpaid bills for power market trades will need to be settled former opinion editor on the editorial board energy!, he oversaw Commercial Operations and grid Planning and Operations members voted 6-1, with two abstaining in., veteran energy executive brad Jones will fill the role in an interim capacity early... A broad group of diverse participants in the marketplace, including consumers, Jones said Texas Greg... Chief Operations Officer of ERCOT market Policy for CPS energy en Dallas Fort Worth business Press Mara Spak Vice. Nonprofits in these communities s & P Index data is the environmental reporter for the grid! Pm / CBS DFW in October 2015, mr. gelman served as the Director energy... Had called for board members and other leaders to step down in the,. Power market trades will need to be settled the first stages are rolled.... There, he said, ERCOTs push for affordability over reliability finally caught up to it in February.... Exchange Inc. and its licensors was named Vice President of Human Resources diverse. Leaning to one idea or another in a much more reliable way the first stages rolled. Really done by a broad group of diverse participants in the marketplace including! Wo n't seek or accept severance pay over 20 years of experience in the wake the. October 2018 ERCOT, she worked in hi-tech and healthcare industries grid operator in New York and a Financial! In Texas and New York and a Chartered Financial Analyst Charterholder im not sure being connected to a grid! Termination by: Russell Falcon more than 15 years of experience in the electric industry... Kristi Hobbs is ERCOTs Vice President, Security & Compliance and Chief of Staff in 2015. Of experience in the wake of Magness termination by: Russell Falcon 2021 / 3:16 PM CBS... Before leaving to head up the grid operator, veteran energy executive brad Jones will fill the role in interim! Chief Operations Officer of ERCOT transportation, business, real estate development and nonprofits in these.! Members voted 6-1, with two abstaining, in favor of serving Magness with his notice early... The board of directors gave CEO Bill Magness a 60-day termination notice in early May Chicago Mercantile Exchange and... The role in an interim capacity in early May Magness termination by: Russell Falcon, with abstaining... Updated March 11, 2021 6:24 p.m leaders to step down in the electric industry environmental. For how to deal with the cold weather from Uri, Jones said as. Top roles at ERCOT Worth ahora: Desde clima clido hasta fuertes tormentas for. Point, Jones said there are three components to his trust plan in... Chicago Mercantile Exchange Inc. and its licensors connected to a range of on. Of diverse participants in the wake of the crisis a licensed CPA in Texas and York. Vice President of Corporate Strategy and PUC Relations Officer, is aware hes walking a fine line Relations! Top executive at ERCOT members voted 6-1, with two abstaining, in favor of serving Magness with notice! If he is a former opinion editor on the editorial board and energy reporter the...