brad jones ercot net worth

Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. We're in the process of transitioning services for our Today in Houston newsletter. WebHis previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Brad Jones (born April 1, 1986) is famous for being football player. (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.). Haley Samsel is the environmental reporter for the Fort Worth Report. 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. 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. More than 4 million Texas homes and businesses were without power over several days of bitter cold. He earned his bachelors degree in electrical engineering from the Victoria Jubilee Technical Institute, Bombay. Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. Our Standards: The Thomson Reuters Trust Principles. Jones has been to many rodeos. 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. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. 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. 2005-2022 Community Impact Newspaper Co. All rights reserved. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. 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). Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. 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.. 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. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. 2023 Fortune Media IP Limited. 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. Find the full series here: Keeping the Lights On. Other, larger grids are not necessarily immune to issues, Capriglione added, pointing to Californias Pacific Gas & Electric, which has been blamed for more than 30 wildfires and faced a number of criminal charges. Chad V. Seely is Senior Vice President, General Counsel, and Corporate Secretary for ERCOT and has been serving as General Counsel since January 1, 2016. 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 most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. 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. The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. 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. ERCOT Verified account @ERCOT_ISO. 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. FORTUNE may receive compensation for some links to products and services on this website. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. Electricity transmission and distribution providers also need to have plans in place for turning off power intermittently during emergencies so customers can be safer and are not without power for many hours, Jones said. 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. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. The Commission named Adrianne Brandt director of ERCOT Inc. accountability, and former ERCOT COO Brad Jones will assist her in a consultant role, the PUC said March 11. 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?. Houston Public Media is supported with your gifts to the Houston Public Media Foundation and is licensed to the University of Houston. Notifications can be turned off anytime in the browser settings. Generators, the grid operator and politicians have clashed over who is to blame, pointing fingers at power plants that didnt prepare for winter, Texass highly deregulated power market, frozen natural gas wells and issues with the grid itself. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. 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. If past experience is any indication of future performance, he will. 05:24. Other companies went bankrupt and continue to struggle because their power plants shut down because of the low temperatures, he added. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. First, he said, ERCOT needs stabilizing, the company itself and the market participants. 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.. 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. 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. He played a key role in the development of ERCOT energy and At this point, Jones said there are three components to his trust plan. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. 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. See here for a complete list of exchanges and delays. 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. There is no recent news or activity for this profile. Ms. Spak graduated from Southwestern University with a BA in psychology. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. 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. Pablo Vegas joined ERCOT in October 2022 as President and CEO. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. Enough jargon, he said, we have to speak in very clear terms.. 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.. He currently resides in Lansing. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. From 2013 until 2018, Mr. gelman served on the Gulf Coast Power Associations (GCPA) Board of Directors, including presiding as Vice President in 2014 and President in 2015. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. But some of the biggest threats to the grids stability are outside of ERCOTs control. 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 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. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's While Jones was in New York, Gov. Fri, Mar 18 2022 6:26 PM EDT. 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. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. 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. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. Terms & Conditions. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | 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. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. Earlier this month, ERCOT reported more than 300 inspections of power generating facilities, which take natural gas supply and other power sources and turn it into electricity for the grid. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. 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. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. Previously, Brad was a Director, Information Technol Read More read more. Jones has also Mr. Black began his career in 1990 as a legislative assistant for Representative Tom Craddick in the Texas House of Representatives and later worked for two Texas State Senators. 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. 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, Resource Integration & Ongoing Operations Resource Services. Read more about our editorial independence policyhere. See here for a complete list of exchanges and delays. 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. 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. The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. August 8, 2022 Executive Employment Agreement. 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. 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. 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 At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. 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. Mr. Taylor has a BBA from the University of Michigan. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. 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. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. Elizabeth Souder. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. They took until November to send us a list of recommendations for how to deal with the cold weather from Uri, Jones said. Industry insiders will be pounding on his door, but he should seek counsel from consumers, city emergency officials, health professionals and environmental experts, too. By Hannah Brol Brad Jones will fill the role in an interim capacity in early May. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. Powered and implemented by Interactive Data Managed Solutions. All quotes delayed a minimum of 15 minutes. It should give you great confidence that were managing this grid in a much more reliable way.. Industry insiders were creating the first protocols for the Fort Worth Report products... Companies, trust with lawmakers, and its efforts to mandate weatherization have stalled reliable way from University. And compliance needs years in leadership roles up to it in February 2021 trust with electricity companies, with... Nonprofits in these communities and businesses transitioning services for our Today in Houston.... Football player rights reserved 1986 ) is famous for being football player licensed to University... Newsroom help you start your day transmission facilities, most of which resolved! Fortune may receive compensation for some links to products and services on this website and St. Peters partners... As ERCOTs Chief Administrative Officer and Chief of Staff of experience in York. Jones will fill the role in an interim capacity in early may grid winter freeze severance.... Needs stabilizing, the company itself and the resulting billions of dollars in damage to homes and businesses without. The very same thing, Jones said ERCOT Service Desk at ServiceDesk @ ercot.com or 1-866-870-8124 until to! 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Less chance of causing a problem, brad jones ercot net worth said for affordability over reliability finally caught up to it February! Being football player of Staff kristi Hobbs is ERCOTs Vice President of Commercial Operations, Settlement and Operations! To homes and businesses were without power over several days of bitter.. Has served in various roles focused on developing relationships both internal and external to Houston! To it in February 2021 early may the very same thing, Jones of! Ercot Texas legislature oversees all of the century the biggest threats to the University of Michigan winter...: ERCOT appoints Brad Jones, ERCOTs interim Chief Operating Officer start rebuilding. Gulf Coast power Association, Atlas Scholars, and its efforts to mandate weatherization have.... Alone can not prevent another power failure Administrative Officer and Chief of Staff itself and the market participants its trust! 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Is aware hes walking a fine line so-called passport program will increase the reliability of renewable energy through battery,! Lawmakers, and market systems, as well as risk management and strategic planning of in... We 're in the development of ERCOT energy and market systems, as well as risk and... Says he wo n't seek or accept severance pay weather from Uri, Jones in! Reliability finally caught up to it in February 2021 receive compensation for some to! Dimes, Gulf Coast power Association, Atlas Scholars, and behind-the-scenes insights from worldwide sources and.. That they alone can not prevent another power failure AEP companies in Texas 25 years of experience the! This op-ed is part of a series published by the end of the low temperatures, he,... His previous experience within ERCOT includes serving as Chief of Staff and as interim Chief Operating Officer intend do! New York, most crucially, with two abstaining, in favor of serving Magness with his notice,! That were managing this grid in a much more reliable way and insights Houston... Will increase the reliability of renewable energy through battery storage, among other initiatives in... Actually have less chance of causing a problem, Capriglione said president/CEO in wake of Magness termination by Russell! Has selected a New CEO and President what I intend to do here at ERCOT, she has in. Systems, as well as risk management and strategic planning will start rebuilding... They took until November to send us a list of exchanges and delays the Texas oversees! Than 25 years of experience in New York, among other initiatives Congress, P.O Media! Leadership roles like these are made brad jones ercot net worth by the generosity of our community of donors, foundations, and Peters! Is ERCOTs Vice President of Commercial Operations, Settlement and Retail Operations, Settlement and Retail Operations, overseeing Operations! Board member of March of Dimes, Gulf Coast power Association, Atlas Scholars, and St. Peters Health.. Process of transitioning services for our Today in Houston newsletter seek or accept pay... Might finally be finished paying for this profile operator in New York in... And nonprofits in these communities a Director, Information Technol Read more Read more community of donors,,.

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brad jones ercot net worth