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. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. 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.. (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.). 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 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 joining ERCOT, she worked in hi-tech and healthcare industries. Brad Jones, the interim chief executive of the Electric Reliability Council of Texas, has been a busy man since taking over the troubled agency last May. (Courtesy Public Utility Commission of Texas), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. 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. On one hand, there have been six times in the past year that using RUCs have enabled the operator to avoid declaring grid emergencies. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. It crippled oil and gas production, and dozens of people died. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. Mr. Seely also oversees the ERCOT Reliability Monitor function which assesses ERCOT and ERCOT Market Participant compliance with Texas electric reliability laws under the direction of the Public Utility Commission of Texas. Third is better dialogue on needed technical changes in the power market and 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. 2005-2022 Community Impact Newspaper Co. All rights reserved. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. Jones will assist Adrianne Brandt, the agencys new director, in her new role. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. I expect for that plan to be very specific and very aggressive, he said. 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. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. 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. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. He has over 35 years of experience in the electric energy industry. He graduated from Boston University in 1987 with a BA in international relations. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. This caused some friction with the governors office, and Jones soon returned to Texas. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. 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. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. | Magness will continue to serve as CEO and work with state leaders and regulators on potential reforms while Ercots board conducts a search for a replacement, according to the notice to staff and contractors. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. 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. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. 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. Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. 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. 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. Why would a CEO in his 50s retire? Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. 4:49 PM Mar 11, 2021 CST, 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 news release March 11. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. There is no recent news or activity for this profile. If past experience is any indication of future performance, he will. 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. Mr. Rickerson is responsible for guiding new, in-depth generation inspections and coordinating enforcement actions with the Public Utility Commission. read more. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. Senior Vice President, General Counsel and Corporate Secretary. First, he said, ERCOT needs stabilizing, the company itself and the market participants. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. This years storm was far worse, and ERCOT needs to look at weatherization planning. Magness is leaving as ERCOT faces a $2.5 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. The board gave Bill Magness a 60-day termination notice at the beginning of March. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. 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. Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. 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. She has over 20 years of experience in the electric industry. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. The unprecedented outages caused as much as $129 billion in economic losses. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. Subsequently, he received an MA in economics from the University of Texas at Arlington in 1991 and an MA in Middle Eastern studies from the University of Texas at Austin in 1995. Enough jargon, he said, we have to speak in very clear terms.. 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. 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. 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.. 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. Our Standards: The Thomson Reuters Trust Principles. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. Updated Dominic Anthony Walsh covers education & families for Houston Public Media's enterprise team. Send a letter to the editor and you just might get published. 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. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. 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. 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