brad jones ercot net worthnicknames for the name memphis

Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. ERCOT doesnt have the power to mandate major changes. 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. The board gave Bill Magness a 60-day termination notice at the beginning of March. The interim CEO of the Electric Reliability Council of Texas (ERCOT) has publicly revealed hes pro-Bitcoin. Posted: Apr 27, 2021 / 02:41 PM CDT. He was active with the Texas Reliability Entity, Edison Electric Institute and the FutureGen Industrial Alliance. Jones was elected to serve until the position has been permanently filled, up to a term of one year, effective May 4, the Electric Reliability Council of Texas board said in an emailed statement. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. His previous experience within ERCOT includes serving as Chief of Staff and as Interim Chief Operating Officer. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Why would a CEO in his 50s retire? Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. The industry leader for online information for tax, accounting and finance professionals. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. August 8, 2022 Executive Employment Agreement. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New 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. 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 Brad Jones will fill the role in an interim capacity in early May. 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. It should give you great confidence that were managing this grid in a much more reliable way. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. Elizabeth Souder. TPR was founded by and is supported by our community. The states utilities cant expect a once-in-100-year storm every year, but ERCOT must ensure its ready for the next one, Jones said. Offers may be subject to change without notice. If past experience is any indication of future performance, he will. 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. 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. 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. ERCOT Verified account @ERCOT_ISO. 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. Second, he plans to improve communication. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. ERCOT announced that four of its board members resigned Wednesday, Feb. 24 following its board meeting, and a fifth board member separately submitted her resignation. In a post-storm legislative hearing, Magness responded to one lawmaker who asked, How can we do better? by saying, Yall made us. He didnt immediately respond to a LinkedIn message. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. 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. There is no recent news or activity for this profile. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Texans can be confident that the grid is more prepared than ever before, he added. Jones was once Ercots chief operating officer, and is a Texan. 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. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. 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 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. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. Got an opinion about this issue? 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. 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. Prior to joining ERCOT in 2003, he led various generation and transmission planning activities at Central and Southwest Services, Reliant Energy, and West Texas Utilities. I expect for that plan to be very specific and very aggressive, 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. 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. 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. Jones did not address the litigation during the town hall. 05:24. 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. 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. Elizabeth is an editor on the breaking news desk. Jones has been to many rodeos. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. Pablo Vegas joined ERCOT in October 2022 as President and CEO. This years storm was far worse, and ERCOT needs to look at weatherization planning. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. 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. 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. As Vice President of System Planning and Weatherization, Woody Rickerson oversees transmission planning, generator interconnection activities, training, and electric grid operations for the ERCOT region. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. He earned both a BS in electrical engineering and an MBA from Texas A&M University. At least 111 Texans died as a result of the disaster, according to numbers released in March by the Department of State Health Services. 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. While Jones was in New York, Gov. Ms. Spak graduated from Southwestern University with a BA in psychology. 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. 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. 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). Magness has maintained that ERCOT performed well during the energy crisis, and that the Public Utility Commission and state legislature hold most of the power when it comes to mandating grid resiliency. 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. 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. That means Texas had no way of bringing in more electricity when the states power generators couldnt produce enough power to meet demand last February. Vice President, System Planning and Weatherization. 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. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. 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. 2023 Fortune Media IP Limited. 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. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. Categories Jones' appointment is effective May 4, and will last until the position is filled, up to a year, according to ERCOT. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. 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. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. This article was originally published byFort Worth Report. To View The Rest of This Article Please Visit kvue.com Vice President, Corporate Strategy and PUC Relations. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. More than 4 million Texas homes and businesses were without power over several days of bitter cold. The Texas Public Utility Commission chair followed suit March 1. 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. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. 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. See here for a complete list of exchanges and delays. 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?. Haley Samsel is the environmental reporter for the Fort Worth Report. 2005-2022 Community Impact Newspaper Co. All rights reserved. Mr. Seely has been with ERCOT since May 2005. 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.. Iconic German restaurant in Fort Worth closing doors after 56 years, Enough | Black MENtal Health: Shedding light on asking for help, finding community and resources, Thunderstorms develop in North Texas: Latest radar, timeline here. 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 Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. Notifications can be turned off anytime in the browser settings. | 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. 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. But some of the biggest threats to the grids stability are outside of ERCOTs control. 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. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. 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 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. According to his LinkedIn page, he left for retirement after three years. 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. Previously, Brad was a Director, Information Technol Read More 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. 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. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. Ms. Spak has more than 15 years of extensive experience in human resources at diverse corporate entities. 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. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. Because Texas is independent, state leaders can also move with more speed to craft reforms and implement them without waiting for recommendations from the Federal Energy Regulatory Commission, Jones said. Apr 27, 2021 / 02:41 PM CDT tax, accounting and finance professionals by! Said in part founded by and is supported by our community of donors, foundations, and hes led grid... Magness has told Ercots board he wont seek or accept a severance, according to his LinkedIn page, served. 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