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. Additionally, he spent time in Washington, DC working in the Majority Leaders office and the Committee on Ways and Means. 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. Brad Jones will fill the role in an interim capacity in early May. (Courtesy Public Utility Commission of Texas), Editor, Spring/Klein & Lake Houston/Humble/Kingwood. 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. 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. 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. 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. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Better known as ERCOT, the nonprofit organization is responsible for managing the states electricity grid under the supervision of the Public Utility Commission, whose commissioners are appointed by Gov. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. It was championed by Magness, who is leaving just as the first stages are rolled out. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. Mr. Taylor has a BBA from the University of Michigan. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. 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. He has a long history of service in both the electric and gas industries. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. Example video title will go here for this video. All rights reserved. Mr. Woodfin has over 30 years of experience in the electric power industry, including leadership positions in both system planning and system operations for ERCOT. 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. 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. 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. 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 It should give you great confidence that were managing this grid in a much more reliable way.. Before his career in the regulated utility industry, Mr. Vegas served in senior leadership positions with IBM, PricewaterhouseCoopers, and Andersen Consulting. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. Brad Jones will fill the role in an interim capacity in early May. He has lived in Austin since 2002 and is happily married with two daughters. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. 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. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. 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. There is no recent news or activity for this profile. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. 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. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices 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. The agency is also focusing on improving its communications so that customers get a single message and not four or five messages that are conflicting from their energy provider and the state, he said. 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. All Rights Reserved. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. I expect for that plan to be very specific and very aggressive, he said. ERCOT Verified account @ERCOT_ISO. He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. See here for a complete list of exchanges and delays. 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. His exit comes days after the head of the states utility regulator stepped down after receiving withering criticism by state lawmakers during hearings last week. 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 Mr. Seely has been with ERCOT since May 2005. 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. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. 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. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. 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. Haley Samsel is the environmental reporter for the Fort Worth Report. 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. 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. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. He currently resides in Lansing. 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." The Electric Reliability Council of Texas Board of Directors has selected Brad Jones to serve as interim president and CEO. 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. The unprecedented outages caused as much as $129 billion in economic losses. Mr. Rickerson is responsible for guiding new, in-depth generation inspections and coordinating enforcement actions with the Public Utility Commission. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. April 27, 2021 Updated: April 27, 2021 6:24 p.m. We're in the process of transitioning services for our Today in Houston newsletter. Categories Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. The scene in North Austin on Feb. 16, 2021, following the devastating winter storm. 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. 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. Get smart opinions on the topics North Texans care about. 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. 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.. 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. 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. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's Industry veteran Brad Jones is taking over as interim president and CEO of the More than 400 Texans have filed 170 lawsuits against utility companies and ERCOT over the blackouts that killed hundreds of people over the course of a week. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. 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. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. 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. Find the full series here: Keeping the Lights On. Greg Abbott. All quotes delayed a minimum of 15 minutes. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. 05:24. Third is better dialogue on needed technical changes in the power market and ERCOT. Kristi Hobbs is ERCOTs Vice President of Corporate Strategy and PUC Relations. 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. 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. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. Those preparations can mean installing more insulation, building structures around facilities to protect equipment and using thermal blankets to keep equipment from freezing, he said. Gas is a very protected and treasured resource within the Texas economy and the Texas politics, so you have to pick your battles, Cramton said. 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. | Mr. Taylor has more than 20 years of finance experience in various roles. 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. Texans can be confident that the grid is more prepared than ever before, he added. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. 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. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. Second, he plans to improve communication. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. 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. 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. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. While Jones was in New York, Gov. Contact herby emailor viaTwitter. Elizabeth Souder. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. 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 Ms. Day joined ERCOT in 2000 and has more than 30 years of experience in the electric power industry. The board gave Bill Magness a 60-day termination notice at the beginning of March. Got an opinion about this issue? That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. According to his LinkedIn page, he left for retirement after three years. Elizabeth Souder is commentary and Sunday Opinion editor and a member of the editorial board. Jones has been to many rodeos. Offers may be subject to change without notice. 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. 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 was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. 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. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. Read more about our editorial independence policyhere. Prior to joining ERCOT, she was with Central Maine Power as part of a core team to implement market deregulation in Maine. Magness is leaving as ERCOT faces a $2.5 Brad Jones of Liberty Hill is the Interim CEO of ERCOT. 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. 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. You could change us.. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. He graduated from Boston University in 1987 with a BA in international relations. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. 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. Jones did not address the litigation during the town hall. WebIf the problem persists, contact the ERCOT Service Desk at ServiceDesk@ercot.com or 1-866-870-8124. 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. The Texas Legislature is considering bills to allow ERCOT to securitize the IOUs, and Jones acknowledged that could put the grid operator in the unusual position of issuing bonds. 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