brad jones ercot net worth

ERCOT said in a release that Jones has over 30 years of experience in the energy sector and held positions with ERCOT from April 2013 to October 2015, including senior vice president and chief operating officer. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. 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. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. Jones defended the design of Texas electricity market and power grid. 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. At this point, Jones said there are three components to his trust plan. This article was originally published byFort Worth Report. She has over 20 years of experience in the electric industry. Mr. Rickerson is responsible for guiding new, in-depth generation inspections and coordinating enforcement actions with the Public Utility Commission. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. 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. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. 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All rights reserved. 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. She earned bachelors degrees in mathematics and physics from Berea College in Kentucky and attended graduate school at the University of Kentucky. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Mr. Taylor is a veteran of the U.S. Army, where he served as a forward observer. 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. Join others and make your gift to Houston Public Media today. "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. 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. 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. (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.). We had a list from our Legislature within months We had most of the issues that the (federal commission) identified already resolved by the time they identified them.. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. 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. Vice President, System Planning and Weatherization. Elizabeth is an editor on the breaking news desk. He has over 35 years of experience in the electric energy industry. read more. 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. According to his LinkedIn page, he left for retirement after three years. 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. 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. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. Jones was once Ercots chief operating officer, and is a Texan. The Texas Public Utility Commission chair followed suit March 1. Jones was once Ercots chief operating officer, and is a Texan. It should give you great confidence that were managing this grid in a much more reliable way.. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender 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. Greg Abbott. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. 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?. 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. He is a licensed CPA in Texas and New York and a Chartered Financial Analyst Charterholder. 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. Contact herby emailor viaTwitter. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. Notifications can be turned off anytime in the browser settings. She is also responsible for ERCOT Market Rule development and facilitating the ERCOT stakeholder process. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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 that rate, ERCOT might finally be finished paying for this years outages by the end of the century. He graduated from Boston University in 1987 with a BA in international relations. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. 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.. Before joining ERCOT, Mr. Taylor spent seven years in the finance department at the Lower Colorado River Authority. 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. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. The agency previously conducted about 80 in-person inspections per year, according to NBC DFW. 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. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. 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. Box 13326, Austin, TX 78711-3326 Fax 512-936-7003 News Release Contact: Andrew Barlow March 11, 2021 media@puc.texas.gov 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. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. Algorithmic rank assigned to the top 100,000 most active People, The organization associated to the person's primary job, Total number of current Jobs the person has, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of events the individual appeared in, Senior Vice President and Chief Operations Officer. Brad Jones, interim CEO of ERCOT, explains how the power grid partners with crypto mining facilities within Texas to manage energy demand. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. Creating the original set of protocols that everyone could live with was surely good training for updating those protocols now. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 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.. 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. Updated If Ercot cannot come up with financing to cover the underpayments, the debt could end up being shared by everyone in the Texas market, including consumers. He also leads advancements in generation and transmission planning to help meet long-term forecasting needs and ensures that the latest grid and technology changes are incorporated into models used by ERCOT for analysis. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New 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.. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. 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. Jones has also If past experience is any indication of future performance, he will. But some of the biggest threats to the grids stability are outside of ERCOTs control. He plans to do this by talking to electricity companies, regulators and lawmakers to understand what they need, and, in the next month, presenting a 100-day plan. 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. 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. 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. Dr. Tamby has more than 25 years of experience in the electric power industry, including about 15 years in leadership roles. Vice President, Security & Compliance and Chief Compliance Officer. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. 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. 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. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New York. 23, while two other board members resigned in the electric energy industry inspections and coordinating enforcement with! Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most which. Of the biggest threats to the grids stability are outside of ERCOTs control town audience! Partners with crypto mining facilities within Texas to manage energy demand who manages the Internal Audit department administratively to! Partners with crypto mining facilities within Texas to manage energy demand - the Public Utility Commission chair followed suit 1. 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