While Jones was in New York, Gov. Contact herby emailor viaTwitter. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. Jones will assist Adrianne Brandt, the agencys new director, in her new role. During a cold spell earlier this month, natural gas production in Texas dropped significantly, but ERCOT did not report any significant power outages. DETAILS BELOW. 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. Iconic German restaurant in Fort Worth closing doors after 56 years, Enough | Black MENtal Health: Shedding light on asking for help, finding community and resources, Thunderstorms develop in North Texas: Latest radar, timeline here. 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. Brad Jones, ERCOT's interim CEO, in a statement said he "welcomes these highly qualified leaders, their expertise and insights into our relentless pursuit of grid reliability." 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. Below the Waterlines: Houston After Hurricane Harvey, This story originally appeared on Texas Public Radio, A plan to overhaul the Texas grid has set up a showdown at the state Capitol, State regulators approve controversial Texas electricity market reform, State agency that oversees Texas power grid needs more money to do its job, Sunset Commission finds, Decembers freeze highlighted ongoing weaknesses of Texas power grid, even without widespread blackouts, Santa Fe High School shooter remains mentally incompetent to stand trial, further dragging on 5-year-old case, Santa Fe shooting survivor Trey Louis tugs at judges heartstrings on American Idol, Houston remains one of the most affordable big cities in the U.S., even if it no longer feels like it, Bun B announces part of RodeoHouston Southern Takeover lineup, DPS sent at least 3,000 drivers licenses to organized crime group targeting Asian Texans, As Texas STAAR test goes fully online, teachers feel defeated, Texas Education Agency projects confidence, No accountability: Kids in special education are routinely restrained. 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. 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. FORTUNE may receive compensation for some links to products and services on this website. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. 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. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov 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.. He earned both a BS in electrical engineering and an MBA from Texas A&M University. 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. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. There, he oversaw Commercial Operations and Grid Planning and Operations. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. It crippled oil and gas production, and dozens of people died. Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. Powered and implemented by Interactive Data Managed Solutions. 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. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. Mr. Rickerson is responsible for guiding new, in-depth generation inspections and coordinating enforcement actions with the Public Utility Commission. Hannah joined Community Impact Newspaper as a reporter in May 2016 after graduating with a degree in journalism from Sam Houston State University in Huntsville, Texas. 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. All of those members lived out of state, records show. By signing up you agree to our Terms of Service and Privacy Policy, Stand with us in our mission to discover and uncover the story of North Texas, The new ERCOT CEO wants to rebuild your trust in the Texas electricity grid, About half-million North Texans lose extra food benefits, Mall owner backs out of plans for paid parking at D-FW shopping center, D-FW under severe thunderstorm watch until noon as quick-moving storm hits region, Frisco trustee goes to conservative radio to defend transgender harassment accusation, Dallas police chief fires officer accused of inappropriate force, suspends different cop, Sean Menke, CEO of Southlake-based travel tech firm Sabre Corp., stepping down, Eli Lilly cuts insulin prices in move to make diabetes medicine more affordable, Texas urges five big pension funds to cut off financial firms boycotting fossil fuels, Shermans semiconductor hub attracts massive land buy for home development, Marriott fires back at Michael Irvins request for expedited evidence in $100M lawsuit, Mexicos democracy is in danger, and we could all pay the price, Conservative groups target American Airlines racial hiring efforts, NFL owners ask Jerry Jones to broker deal with Dan Snyder on Commanders sale, report says. 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. 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. Fri, Mar 18 2022 6:26 PM EDT. 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. 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. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. Elizabeth Souder. 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. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. WebAs of 2022, Brad Joness net worth is $100,000 - $1M. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. P.O. Haley Samsel is the environmental reporter for the Fort Worth Report. 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. ERCOT is a council of experts and executives from across the energy spectrum, including power generators, electricity retailers, natural gas pipeline operators, big, corporate consumers, and academics. Ms. Spak graduated from Southwestern University with a BA in psychology. 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. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. I expect for that plan to be very specific and very aggressive, he said. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. Jones has been to many rodeos. Why would a CEO in his 50s retire? Vice President and Chief Information Officer. It should give you great confidence that were managing this grid in a much more reliable way.. And theres another point on Jones rsum that should give Texans confidence in him. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. All rights reserved. 05:24. 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. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Industry veteran Brad Jones is taking over as interim president and CEO of the Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. 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.. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. Previously, Brad was a Director, Information Technol Read More Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. Brad Jones will fill the role in an interim capacity in early May. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. 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. 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. Offers may be subject to change without notice. She is a former opinion editor on the editorial board and energy reporter for the business section. Read more about our editorial independence policyhere. He currently resides in Lansing. 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. 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