The Commission named Adrianne Brandt director of ERCOT Inc. accountability, and former ERCOT COO Brad Jones will assist her in a consultant role, the PUC said March 11. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Find the full series here: Keeping the Lights On. During a cold spell earlier this month, natural gas production in Texas dropped significantly, but ERCOT did not report any significant power outages. At this point, Jones said there are three components to his trust plan. Magness is leaving as ERCOT faces a $2.5 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. 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Magness is being terminated without cause, a spokesperson said, making him eligible for a severance of one-years current salary, according to his employment agreement. He currently resides in Lansing. 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. 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. 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. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. 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. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. P.O. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. Posted: Apr 27, 2021 / 02:41 PM CDT. Our Standards: The Thomson Reuters Trust Principles. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. DETAILS BELOW. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. Mr. Taylor has a BBA from the University of Michigan. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. 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. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. Jones will serve beginning May 4. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. 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. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. He released a statement following the announcement on Tuesday, saying he would "work to restore ERCOT's reputation as that reliable and trustworthy driver of our grid and the economy.". The ERCOT board is deciding which of eight executive search firms that submitted proposals will handle the search for the permanent replacement, the organization said in a release. 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 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 Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO for the organization that manages the Texas power grid. Senior Vice President, General Counsel and Corporate Secretary. Third is better dialogue on needed technical changes in the power market and ERCOT. Vice President and Chief Financial Officer. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. Vice President, Corporate Strategy and PUC Relations. 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. If you value our commitment to the highest standards of responsible journalism and are able to do so, please consider making your gift of support today. 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. All quotes delayed a minimum of 15 minutes. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. 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. But some of the biggest threats to the grids stability are outside of ERCOTs control. Categories 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. 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. 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 Join others and make your gift to Houston Public Media today. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. 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. 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. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. 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. 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 4:45 PM Mar 11, 2021 CST Notifications can be turned off anytime in the browser settings. 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. While Jones was in New York, Gov. 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. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. 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. And theres another point on Jones rsum that should give Texans confidence in him. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's 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. To View The Rest of This Article Please Visit kvue.com Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. Brad Jones (born April 1, 1986) is famous for being football player. All Rights Reserved. He wasnt ready to say if he is leaning to one idea or another. Elizabeth is an editor on the breaking news desk. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. Dozens of insurance companies have also filed suit. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. 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. He didnt immediately respond to a LinkedIn message. Jones has been to many rodeos. She is a former opinion editor on the editorial board and energy reporter for the business section. 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. Get smart opinions on the topics North Texans care about. 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. He has lived in Austin since 2002 and is happily married with two daughters. This caused some friction with the governors office, and Jones soon returned to Texas. 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. 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.. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. 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 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. 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