There is no recent news or activity for this profile. 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. 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.. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. 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. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. read more. 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. April 27, 2021 Updated: April 27, 2021 6:24 p.m. Get smart opinions on the topics North Texans care about. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. He knows that all potential solutions building more plants, re-regulating the industry, fundamentally changing the market to favor more capacity, building more power lines also present serious challenges. As Vice President of System Planning and Weatherization, Woody Rickerson oversees transmission planning, generator interconnection activities, training, and electric grid operations for the ERCOT region. We're in the process of transitioning services for our Today in Houston newsletter. Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. 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. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. 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 He didnt immediately respond to a LinkedIn message. 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. 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). 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. Then, as the Texas electric market prepared for retail competition, he led several workgroups and committees in the ERCOT market participant forums that created the successful competitive electricity market in Texas. 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. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. Dozens of insurance companies have also filed suit. Jones will assist Adrianne Brandt, the agencys new director, in her new role. Read more about our editorial independence policyhere. The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. Prior to joining ERCOT, he served as Vice President of External Affairs for AEP Texas. The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. Magness hasdefendedthe grid operators decision to call for the largest forced poweroutagein U.S. history, saying Texas came within seconds and minutes of catastrophic grid failures. 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." 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. 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. It crippled oil and gas production, and dozens of people died. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. According to his LinkedIn page, he left for retirement after three years. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Brad Jones will fill the role in an interim capacity in early May. 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 gap left by the previous CEO who was ousted in the wake of a deadly blackout in February. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. He didnt immediately respond to a LinkedIn message. Got an opinion about this issue? "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. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. 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. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. He replaces Brad Jones, who led the organization as its interim-CEO following the February 2021 winter storm, when Texans across the state lost power and hundreds of people died. Senior Vice President, General Counsel and Corporate Secretary. This article was originally published byFort Worth Report. Enough jargon, he said, we have to speak in very clear terms.. The ERCOT board of directors selected its interim president and CEO Tuesday after the 60-day period following the firing of Bill Magness in March in the wake of February's winter storm. All rights reserved. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. Offers may be subject to change without notice. See here for a complete list of exchanges and delays. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. By Hannah Brol Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. 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 will lead the grid operator past the February outage crisis and into the crucial summer months at a time when the economy is reawakening and more people are moving to Texas, bumping up demand for electricity. Algorithmic rank assigned to the top 100,000 most active People, The organization associated to the person's primary job, Total number of current Jobs the person has, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of events the individual appeared in, Senior Vice President and Chief Operations Officer. Jones has also Posted: Apr 27, 2021 / 02:41 PM CDT. Novavax Inc's shares plunged 28% in U.S. early trading on Wednesday, a day after the COVID-19 vaccine maker raised doubts about its ability to remain in business. 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. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. This caused some friction with the governors office, and Jones soon returned to Texas. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. He has over 35 years of experience in the electric energy industry. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12, Terminated ERCOT CEO says he won't seek or accept severance pay, Its all connected: How Februarys power outages knocked out natural gas wells, Simple fix to prevent future electric outages has yet to be mandated by the Texas legislature, Sen. Cornyn and Rep. Johnson introduce bipartisan bill to strengthen, winterize Texas power grid. Even after it covers some of that debt by using $800 million in revenues from another market, there remains a nearly $1.7 billion deficit. The states utilities cant expect a once-in-100-year storm every year, but ERCOT must ensure its ready for the next one, Jones said. While Jones was in New York, Gov. 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. Magness is leaving as ERCOT faces a $2.5 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. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. He played a key role in the development of ERCOT energy and He has lived in Austin since 2002 and is happily married with two daughters. AUSTIN, TX On April 27, the ERCOT Board of Directors announced their selection of Brad Jones as the new interim President and CEO, effective May 4, 2021. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. 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. He currently resides in Lansing. Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. Third is better dialogue on needed technical changes in the power market and ERCOT. To View The Rest of This Article Please Visit kvue.com 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. 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. Previously, Brad was a Director, Information Technol Read More 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 He graduated from Boston University in 1987 with a BA in international relations. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. March 11, 2021 / 3:16 PM / CBS DFW. Before his career in the regulated utility industry, Mr. Vegas served in senior leadership positions with IBM, PricewaterhouseCoopers, and Andersen Consulting. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. Jones comes to ERCOT at a pivotal juncture not just because of the fallout from the winter outages, but also because of a slate of major new programs and market rules designed to modernize the grid. August 8, 2022 Executive Employment Agreement. 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. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. 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. Jones has been to many rodeos. Esto es lo que necesita saber para esta semana. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. 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 Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. I expect for that plan to be very specific and very aggressive, he said. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. 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. Find the full series here: Keeping the Lights On. Notifications can be turned off anytime in the browser settings. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. Mr. Parakkuth has a masters degree in power systems and power electronics from the Indian Institute of Technology Bombay, and an MBA in information systems and finance from the University of Minnesota. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. 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. 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. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. LinkedIn has officially entered its cringe era, and its working. So far, 125 deaths across the state have been attributed to the storm and power outage. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. 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. 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. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. This years storm was far worse, and ERCOT needs to look at weatherization planning. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. ERCOT, still reeling from criticism over its handling of the record winter freeze, announced last week that it hired Jones, 58, as interim chief executive for up to one year as the company conducts a search for a permanent leader. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. They resigned because legislatively, we said, heres what were going to do. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. Brad Jones will fill the role in an interim capacity in early May. 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 Jones defended the design of Texas electricity market and power grid. (Courtesy Public Utility Commission of Texas), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. | In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. Categories In her role, Ms. Spak oversees all people functions at ERCOT and develops and oversees strategic human resource planning to provide the company with the best talent while also positioning ERCOT as a premier employer. They didnt meet the needs of either their customers or the state of Texas, and they faced penalties associated with that, financial penalties, Jones said. If past experience is any indication of future performance, he will. 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. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. MacKenzie Sigalos. Jones was once Ercots chief operating officer, and is a Texan. 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. It should give you great confidence that were managing this grid in a much more reliable way.. At this point, Jones said there are three components to his trust plan. 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. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. 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. 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. 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. Join others and make your gift to Houston Public Media today. The Electric Reliability Council of Texas hired an old hand as its interim chief executive. 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. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. 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 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.". Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. 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. 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. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. Industry veteran Brad Jones is taking over as interim president and CEO of the During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | 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. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. 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. 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. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. 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. 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. Elizabeth Souder. Jones did not address the litigation during the town hall. She has over 20 years of experience in the electric industry. The industry leader for online information for tax, accounting and finance professionals. Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. 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. Could alleviate those issues, he said resulting billions of dollars in damage to homes and businesses past. In Houston newsletter ), Editor, Spring/Klein & Lake Houston/Humble/Kingwood mining facilities Texas... 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