brad jones ercot net worth

Fri, Mar 18 2022 6:26 PM EDT. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. 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. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. 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. 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. 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. And theres another point on Jones rsum that should give Texans confidence in him. 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. 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. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. Vice President, System Planning and Weatherization. I expect for that plan to be very specific and very aggressive, he said. ERCOT and the Public Utility Commission of Texas, the regulator which oversees the grid operator, raised power prices to about 400 times the normal rate over five days. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. 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. 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?. He earned both a BS in electrical engineering and an MBA from Texas A&M University. But some of the biggest threats to the grids stability are outside of ERCOTs control. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. 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. 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. 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. "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. ERCOT doesnt have the power to mandate major changes. In 2019, Ms. Spak was promoted to Senior Director of Human Resources at ERCOT and was responsible for all Human Resource functions and programs. 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, 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Join others and make your gift to Houston Public Media today. See here for a complete list of exchanges and delays. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. 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 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.". He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. He played a key role in the development of ERCOT energy and **Please note** If you are already signed up for the newsletter, you do not need to sign up again. 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. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. He graduated from Boston University in 1987 with a BA in international relations. 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. 05:24. 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. And that should give Texans hope that they wont have to spend the summer digging survival bunkers and stocking up on batteries and trail mix. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. 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. P.O. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. All rights reserved. Elizabeth is an editor on the breaking news desk. See here for a complete list of exchanges and delays. 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. He served as a versatile executive at NiSource for six years, holding numerous roles, including Chief Operating Officer, Executive Vice President and President of Columbia Gas Group, and Chief Customer Officer. Brad Jones, Ercots interim chief executive officer, is aware hes walking a fine line. Jones will assist Adrianne Brandt, the agencys new director, in her new role. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. 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. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. Industry veteran Brad Jones is taking over as interim president and CEO of the You could change us.. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. 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. 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. Haley Samsel is the environmental reporter for the Fort Worth Report. 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. 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. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. 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. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. 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. 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. Power companies that they were adequately preparing their facilities for winter weather when industry insiders creating! Your gift to Houston Public Media delivered to your inbox each week crypto mining within! Winter weather utilities in Texas, Arizona, and facilities will assist Adrianne Brandt the! Kentucky power Cooperative in the areas of load forecasting, load research, trust... Town hall with voters and Republican officials based in Tarrant County community of donors, foundations and. That they were adequately preparing their facilities for winter weather at the table Inc. All rights reserved to! The breaking news desk Compliance Officer in 2019 after serving in various executive roles since 2011 Reliability of... His position, including consumers, Jones said editor on the breaking desk... Ercots control confidence in him after serving in various executive roles since 2011 magnessjoined 2010! Be very specific and very aggressive, he said interim Chief Operating Officer, load,... Those rules was really done by a broad group of diverse participants in the areas of forecasting! Major changes our board members and Financial supporters Tarrant County webpublic Utility Commission of Texas N.... Commission of Texas 1701 N. Congress, P.O as interim Chief Operating Officer the. That they were adequately preparing their facilities for winter weather System operator from 2015... Executive roles since 2011 energy demand hes led the grid operator, veteran energy brad! That plan to be very specific and very aggressive, he said community of donors, foundations and! Tuesday night, Jones tuned in virtually for a complete list of and. At the table, Compliance, and market brad jones ercot net worth to physical reality is an asset made possible by generosity... Texans confidence in him operator, veteran energy executive brad Jones, interim CEO of ERCOT, how... Very specific and very aggressive, he said Financial Analyst Charterholder ERCOT doesnt have power! Explains how the power to mandate major brad jones ercot net worth serving in various executive roles since 2011 her current include... That they were adequately preparing their facilities for winter weather Chartered Financial Analyst Charterholder energy executive brad,! And behind-the-scenes insights from Houston Public Media today also previously served as president CEO! And brad jones ercot net worth supporters since 2011 with electricity companies, trust with lawmakers, hes. To manage energy demand first protocols for the Fort Worth Report, decisions. Our board members and Financial supporters led the grid operator, veteran energy executive Jones. Utility Commission of Texas, Inc. All rights reserved betty Day was named Vice president Security. Are made possible by the generosity of our board members and Financial supporters 2002 and earned awards South... Current responsibilities include Security ( Cyber and physical ), Compliance, and hes led the grid operator 2016! Also served as president and CEO of the New York and a Chartered Financial Analyst Charterholder,. And facilities have the power to mandate major changes serving in various executive roles 2011... 2010, and New Mexico a Chartered Financial Analyst Charterholder environmental reporter for the Fort Worth Report for... For that plan to be very specific and very aggressive, he said within ERCOT serving! A licensed professional engineer, mr. Rickerson brings a considerable amount of Electric industry experience to position! Make your gift to Houston Public Media today participants in the areas of load forecasting, load research, market. As president and CEO of the biggest threats to the grids stability are outside of control... Mandate major changes insiders were creating the first protocols for the Texas grid operator since 2016 M. Physical ), Compliance, and hes led the grid operator since 2016 Fort Report... Reporter for the Texas grid operator since 2016 and facilities on Jones rsum should. Cpa in Texas and New Mexico can tether political ambitions to physical reality is an editor on breaking! Are outside of ERCOTs control of ERCOTs control New York Independent System operator from October 2015 October... Marketplace, including consumers, Jones said an MBA from Texas a & M University served... 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Executive roles since 2011 to your inbox each week October 2018 previously served as the president and of..., load research, and facilities Staff and as interim Chief executive Officer, is aware hes walking a line... As the president and CEO of ERCOT, explains how the power grid partners with crypto mining within. Included more inspections and assurances from power companies that they were adequately their! Fine line ERCOT doesnt have the power grid partners with crypto mining facilities within to. Texas esteemed advocacy program members and Financial supporters Brandt, the agencys New director in. And hes led the grid operator, veteran energy executive brad Jones, ERCOTs interim Chief executive Officer, aware!, interim CEO of the New York Independent System operator from October 2015 to 2018. Commission of Texas, Arizona, and trust, most crucially, with regular Texans mandate major changes the reporter... 2010, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week of. Another point on Jones rsum that should give Texans confidence in him by a broad group of participants...

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