Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. 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. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. He wasnt ready to say if he is leaning to one idea or another. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. 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." Enough jargon, he said, we have to speak in very clear terms.. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. He has a long history of service in both the electric and gas industries. According to the release, Brandt will be assisted by fellow Texan Brad Jones, who previously served as chief operations officer of ERCOT. 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. He also previously served as the Vice President for Grid Control at Omnetric Group, which was formed as a joint venture between Siemens and Accenture to drive IT/OT convergence in the power industry. Got an opinion about this issue? 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. Senior Vice President, General Counsel and Corporate Secretary. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. read more. Vice President and Chief Information Officer. LinkedIn has officially entered its cringe era, and its working. 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. ERCOT doesnt have the power to mandate major changes. He also served as the president and CEO of the New York Independent System Operator from October 2015 to October 2018. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. 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. There, he oversaw Commercial Operations and Grid Planning and Operations. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. 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. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. He is a former board member of March of Dimes, Gulf Coast Power Association, Atlas Scholars, and St. Peters Health Partners. Updated He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. Dan Woodfin is ERCOTs Vice President of System Operations. He earned both a BS in electrical engineering and an MBA from Texas A&M University. 05:24. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. Jones defended the design of Texas electricity market and power grid. 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. 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. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. All Rights Reserved. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. Jones will serve beginning May 4. 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. 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. Your subscription will be migrated over. 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. 4:45 PM Mar 11, 2021 CST Mara Spak is Vice President of Human Resources at ERCOT. Vice President, Security & Compliance and Chief Compliance Officer. It was championed by Magness, who is leaving just as the first stages are rolled out. Jones will assist Adrianne Brandt, the agencys new director, in her new role. 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. The Electric Reliability Council of Texas hired an old hand as its interim chief executive. Andrew Cuomo set out an ambitious goal to shift power generation in the state to 50% renewable by 2030. Jones has been to many rodeos. Terms & Conditions. Magness is being terminated without cause, a spokesperson said, making him eligible for a severance of one-years current salary, according to his employment agreement. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Read more about our editorial independence policyhere. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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.". See here for a complete list of exchanges and delays. 2005-2022 Community Impact Newspaper Co. All rights reserved. Below the Waterlines: Houston After Hurricane Harvey, This story originally appeared on Texas Public Radio, A plan to overhaul the Texas grid has set up a showdown at the state Capitol, State regulators approve controversial Texas electricity market reform, State agency that oversees Texas power grid needs more money to do its job, Sunset Commission finds, Decembers freeze highlighted ongoing weaknesses of Texas power grid, even without widespread blackouts, Santa Fe High School shooter remains mentally incompetent to stand trial, further dragging on 5-year-old case, Santa Fe shooting survivor Trey Louis tugs at judges heartstrings on American Idol, Houston remains one of the most affordable big cities in the U.S., even if it no longer feels like it, Bun B announces part of RodeoHouston Southern Takeover lineup, DPS sent at least 3,000 drivers licenses to organized crime group targeting Asian Texans, As Texas STAAR test goes fully online, teachers feel defeated, Texas Education Agency projects confidence, No accountability: Kids in special education are routinely restrained. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. Industry veteran Brad Jones is taking over as interim president and CEO of the We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's 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. 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 crippled oil and gas production, and dozens of people died. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. RELATED: Terminated ERCOT CEO says he won't seek or accept severance pay. To View The Rest of This Article Please Visit kvue.com On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. This years storm was far worse, and ERCOT needs to look at weatherization planning. 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. Find the full series here: Keeping the Lights On. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. There is no recent news or activity for this profile. 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. Vice President, System Planning and Weatherization. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. 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. Notifications can be turned off anytime in the browser settings. 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. ERCOT is a council of experts and executives from across the energy spectrum, including power generators, electricity retailers, natural gas pipeline operators, big, corporate consumers, and academics. Sean Taylor was named Vice President and Chief Financial Officer in October 2019 after serving as ERCOTs Controller since joining the company in February 2013. The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. Mr. Seely has been with ERCOT since May 2005. 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. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. Magness is leaving as ERCOT faces a$2.5 billion shortfallin payments from retail power providers and others after electricity prices skyrocketed during the energy crisis. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Prior to joining ERCOT, he served as Principal Key Expert for Grid Control at Siemens Digital Grid, specializing in delivering high-risk, complex projects working with both the product and delivery organization at Siemens. 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. 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. 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. 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. 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. 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. 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. At least 111 Texans died as a result of the disaster, according to numbers released in March by the Department of State Health Services. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. He acknowledged that the matter of $3 billion in unpaid bills for power market trades will need to be settled. 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. 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. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. Power move: ERCOT appoints Brad Jones as interim president/CEO in wake of Magness termination by: Russell Falcon. 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. She has over 20 years of experience in the electric industry. 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. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. By Hannah Brol 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. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. 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. If past experience is any indication of future performance, he will. Clima en Dallas Fort Worth ahora: Desde clima clido hasta fuertes tormentas. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Join others and make your gift to Houston Public Media today. 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. In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. All rights reserved. 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. Of System Operations: Terminated ERCOT CEO says he wo n't seek or severance. Ceo of the New York Independent System operator from October 2015 to October 2018 in relationships... Ercot to be settled were creating the first stages are rolled out have the power to mandate changes! How can we do better on brad jones ercot net worth committees of NERC betty Day was named Vice President System... 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