In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. 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 It crippled oil and gas production, and dozens of people died. Mr. Seely has been with ERCOT since May 2005. Fort Worth Business Press Previously, Brad was a Director, Information Technol Read More Pablo Vegas joined ERCOT in October 2022 as President and CEO. 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. Read more about our editorial independence policyhere. 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. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. There were a lot of channels, and we simply werent doing a good job, he said of the companys communications efforts during the freeze. Elizabeth is an editor on the breaking news desk. 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. Third is better dialogue on needed technical changes in the power market and ERCOT. 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. 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. We manage the flow of electric power to more than 26 million Texas customers -- representing 90 percent of the state's There, he oversaw Commercial Operations and Grid Planning and Operations. Join others and make your gift to Houston Public Media today. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. Mr. Taylor has a BBA from the University of Michigan. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. 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. Jayapal Parakkuth has over 25 years of experience in successfully visualizing, designing, and implementing software solutions to various aspects of power system grid control. Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. 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. He brings the right combination of ERCOT knowledge and broad industry expertise needed to provide the stability and reliability that Texans expect and deserve.. After so many angry Texans became armchair electricity experts on social media during the February freeze, this state could use some tethering to reality. 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. Dozens of insurance companies have also filed suit. Resources like these are made possible by the generosity of our community of donors, foundations, and corporate partners. Were going to have all new board members, theyre going to meet a certain criteria, theyre going to be able to make tough decisions on the spur of the moment.. 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. 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. 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. Jones most recent job was chief executive of the New York Independent System Operator, which, similar to ERCOT, operates the New York state electrical grid. He said ERCOT and Brad Jones have roles to play as messengers, but that they alone cannot prevent another power failure. Magness is leaving as ERCOT faces a $2.5 Mr. Vegas currently serves on the board of directors at Northwest Bancshares, Inc. Mr. Vegas attended the Advanced Management Program at Harvard Business School, completed the AEP Strategic Leadership program at the Ohio State University, and graduated cum laude from the University of Michigan with a BS degree in mechanical engineering. Before his career in the regulated utility industry, Mr. Vegas served in senior leadership positions with IBM, PricewaterhouseCoopers, and Andersen Consulting. For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. 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. Enough jargon, he said, we have to speak in very clear terms.. To View The Rest of This Article Please Visit kvue.com All Rights Reserved. March 11, 2021 / 3:16 PM / CBS DFW. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. 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. He comes to the Bayou City after Let the Houston Public Media newsroom help you start your day. 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. On Tuesday night, Jones tuned in virtually for a town hall with voters and Republican officials based in Tarrant County. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. 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. 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. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. 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. Vice President, System Planning and Weatherization. Lake and interim ERCOT CEO Brad Jones have been routinely describing the procurement of massive amounts of reserve capacity, even when they arent needed, as conservative. (now worth $600-$800 million per year) to storage that can sustain for 4 hours. 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. 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. Senior Vice President, General Counsel and Corporate Secretary. read more. 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. It should give you great confidence that were managing this grid in a much more reliable way. Box 65, Fort Worth, TX 76101, natural gas production in Texas dropped significantly, recommendations from the Federal Energy Regulatory Commission. He wasnt ready to say if he is leaning to one idea or another. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. Powered and implemented by Interactive Data Managed Solutions. 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. 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. Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. ERCOT doesnt have the power to mandate major changes. Jones has also The board gave Bill Magness a 60-day termination notice at the beginning of March. 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. Hannah covers education, local government, transportation, business, real estate development and nonprofits in these communities. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. Got an opinion about this issue? So far, 125 deaths across the state have been attributed to the storm and power outage. All quotes delayed a minimum of 15 minutes. Elizabeth Souder. We're in the process of transitioning services for our Today in Houston newsletter. 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.. 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.. By Hannah Brol Find the full series here: Keeping the Lights On. 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. Dominic Anthony Walsh can be reached at Dominic@TPR.org and on Twitter at @_DominicAnthony, Texas Public Radio | FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 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. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. The Chief Audit Executive who manages the Internal Audit department administratively reports to Mr. Seely. 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. 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. 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. Her current responsibilities include Security (Cyber and Physical), Compliance, and Facilities. Categories I expect for that plan to be very specific and very aggressive, he 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. A licensed professional engineer, Mr. Rickerson has worked for utilities in Texas, Arizona, and New Mexico. 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 During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. The Electric Reliability Council of Texas' board of directors on Tuesday appointed Brad Jones as interim president and CEO. 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. 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). Greg Abbott. Magnessjoined Ercotin 2010, and hes led the grid operator since 2016. FORTUNE may receive compensation for some links to products and services on this website. 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. His work examines the institutions and policies affecting millions of students and families across Texas, with a focus on Houston home to the largest school district in the state. He has lived in Austin since 2002 and is happily married with two daughters. AUSTIN, Texas Updated at 5:27 p.m. with a statement from the interim CEO. The new ERCOT CEO wants to rebuild your trust in the Texas electricity grid Brad Jones expects to present a 100-day plan within a month. The Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. While with NiSource, he was also chairman on the board of directors for One Columbus and a board of trustees member for the American Gas Foundation. 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. TPR was founded by and is supported by our community. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New The board of directors gave CEO Bill Magness a 60-day termination notice in early March, weeks after the deadly storm. 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. 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.". Other leaders to step down in the wake of the century Ercotin,... Board of directors on Tuesday night, Jones tuned in virtually for a town with! 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