Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. Magness is leaving as ERCOT faces a$2.5 billion shortfallin payments from retail power providers and others after electricity prices skyrocketed during the energy crisis. 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. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. Jones has also Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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.. Prior to joining ERCOT, she worked in hi-tech and healthcare industries. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. Mr. Taylor has a BBA from the University of Michigan. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. He didnt immediately respond to a LinkedIn message. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. More than 4 million Texas homes and businesses were without power over several days of bitter cold. 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. 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. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. FORTUNE may receive compensation for some links to products and services on this website. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. 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. 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. 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. Mara Spak is Vice President of Human Resources at ERCOT. 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. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. TPR was founded by and is supported by our community. They resigned because legislatively, we said, heres what were going to do. 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. In her role, Mrs. Hobbs oversees ERCOT relations with the Public Utility Commission of Texas (PUCT), enterprise risk management, strategic analysis, project and portfolio management, as well as ERCOT, Inc. business continuity planning. The unprecedented outages caused as much as $129 billion in economic losses. He has a long history of service in both the electric and gas industries. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. 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. 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. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. It crippled oil and gas production, and dozens of people died. 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. He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. DETAILS BELOW. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. You could change us.. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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.. 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. 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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. 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 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. P.O. 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. Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. 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. Vice President and Chief Financial Officer. Greg Abbott. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. Elizabeth Souder. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. State Sen. Kelly Hancock and state Rep. Giovanni Capriglione also answered questions read by County Commissioner Gary Fickes. This years storm was far worse, and ERCOT needs to look at weatherization planning. All of those members lived out of state, records show. 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. 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. Why would a CEO in his 50s retire? The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. Jones responded that meeting this goal would require an enormous investment in 1,000 miles of transmission lines, which could take many years to build. Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. 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. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. It was championed by Magness, who is leaving just as the first stages are rolled out. LinkedIn has officially entered its cringe era, and its working. 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). This caused some friction with the governors office, and Jones soon returned to Texas. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. "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. 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. 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. Join others and make your gift to Houston Public Media today. Vice President, Security & Compliance and Chief Compliance Officer. The industry leader for online information for tax, accounting and finance professionals. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. All Rights Reserved. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. ERCOT Verified account @ERCOT_ISO. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. August 8, 2022 Executive Employment Agreement. 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. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. Vice President, System Planning and Weatherization. Industry veteran Brad Jones is taking over as interim president and CEO of the See here for a complete list of exchanges and delays. Jones will assist Adrianne Brandt, the agencys new director, in her new role. 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. Mr. Rickerson is responsible for guiding new, in-depth generation inspections and coordinating enforcement actions with the Public Utility Commission. 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 current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. 4:45 PM Mar 11, 2021 CST Vice President and Chief Information Officer. 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. It should give you great confidence that were managing this grid in a much more reliable way.. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. 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. 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 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. 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. 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. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. 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