Notifications can be turned off anytime in the browser settings. Haley Samsel is the environmental reporter for the Fort Worth Report. DETAILS BELOW. 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. Terms & Conditions. Before his career in the regulated utility industry, Mr. Vegas served in senior leadership positions with IBM, PricewaterhouseCoopers, and Andersen Consulting. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. Join others and make your gift to Houston Public Media today. Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter Its bigger than the housing crisis: An influential economist just blamed NIMBYs for American decline, and Elon Musk CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. 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. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. In 2019, Ms. Spak was promoted to Senior Director of Human Resources at ERCOT and was responsible for all Human Resource functions and programs. Prior to becoming President and CEO of the New York ISO, Brad served as Senior Vice President and Chief Operations Officer for the Electric Reliability Council of Texas. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. 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. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. 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. Why would a CEO in his 50s retire? Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. Elizabeth is an editor on the breaking news desk. 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 See here for a complete list of exchanges and delays. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. (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.). Powered and implemented by Interactive Data Managed Solutions. 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. He currently resides in Lansing. Jones was once Ercots chief operating officer, and is a Texan. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. The new ERCOT CEO wants to rebuild your trust in the Texas electricity grid Brad Jones expects to present a 100-day plan within a month. Mr. Rickerson is responsible for guiding new, in-depth generation inspections and coordinating enforcement actions with the Public Utility Commission. 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. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. 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. Senior Vice President and Chief Administrative Officer, Chief of Staff. 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. 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. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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 didnt immediately respond to a LinkedIn message. I expect for that plan to be very specific and very aggressive, he said. 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. This caused some friction with the governors office, and Jones soon returned to Texas. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. Previously, Brad was a Director, Information Technol Read More 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. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. 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. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. And he said an important component of better communications is better relationships with the Public Utility Commission, the Texas Division of Emergency Management, the Railroad Commission, which regulates production of natural gas often used in power generation, and others. 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. 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. All quotes delayed a minimum of 15 minutes. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Dan Woodfin is ERCOTs Vice President of System Operations. 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. 4:45 PM Mar 11, 2021 CST 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. You could change us.. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. Mr. Taylor has a BBA from the University of Michigan. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. Jones comes on board at a time of intense scrutiny for the grid operator, following the February winter storm and power outages that affected the entire state. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. Prior to joining ERCOT, he served as Vice President of External Affairs for AEP Texas. Jones should listen to a range of voices on improving reliability. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. He played a key role in the development of ERCOT energy and On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. Your subscription will be migrated over. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Were going to have all new board members, theyre going to meet a certain criteria, theyre going to be able to make tough decisions on the spur of the moment.. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. (Courtesy Public Utility Commission of Texas), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov Offers may be subject to change without notice. By Hannah Brol 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 should give you great confidence that were managing this grid in a much more reliable way.. The Electric Reliability Council of Texas hired an old hand as its interim chief executive. It should give you great confidence that were managing this grid in a much more reliable way. 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. 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. He has lived in Austin since 2002 and is happily married with two daughters. He has over 35 years of experience in the electric energy industry. P.O. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. 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. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. Ms. Spak graduated from Southwestern University with a BA in psychology. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. But one thing the crisis does is it opens the opportunity for, I would hope, the legislature and the PUC and the Railroad Commission to understand that there is a serious issue here with gas supply, and now it needs to be solved.. 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. Vice President, Security & Compliance and Chief Compliance Officer. 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. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. 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