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). 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. 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. Mr. gelman served as Chairman of the ERCOT Technical Advisory Committee from 2011 to 2013. 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?. What I intend to do here at ERCOT is the very same thing, Jones said of his experience in New York. Mr. Black also served as the Director of Governmental Affairs for the AEP companies in Texas. The Electric Reliability Council of Texas (ERCOT) board has selected a new CEO and president. Example video title will go here for this video. I expect for that plan to be very specific and very aggressive, he said. 05:24. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. 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. 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. During a cold spell earlier this month, natural gas production in Texas dropped significantly, but ERCOT did not report any significant power outages. 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. Texans can be confident that the grid is more prepared than ever before, he added. 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. 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. Elizabeth is an editor on the breaking news desk. Jones was once Ercots chief operating officer, and is a Texan. AUSTIN, TX On April 27, the ERCOT Board of Directors announced their selection of Brad Jones as the new interim President and CEO, effective May 4, 2021. 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. Got an opinion about this issue? We're in the process of transitioning services for our Today in Houston newsletter. 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 Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. That included more inspections and assurances from power companies that they were adequately preparing their facilities for winter weather. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones said. 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. Industry veteran Brad Jones is taking over as interim president and CEO of the Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. 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.. She has over 20 years of experience in the electric industry. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Robert Black joined ERCOT as Vice President of Public Affairs in November 2022 with more than three decades of political and government experience. Our Standards: The Thomson Reuters Trust Principles. Mr. Black holds a bachelors degree from the University of Texas at San Antonio. Trust with electricity companies, trust with lawmakers, and trust, most crucially, with regular Texans. 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. Jones was formerly a top executive at ERCOT before leaving to head up the grid operator in New Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. Board members voted 6-1, with two abstaining, in favor of serving Magness with his notice. Dominic Anthony Walsh can be reached at [email protected] and on Twitter at @_DominicAnthony, Texas Public Radio | WebPublic Utility Commission of Texas 1701 N. Congress, P.O. Haley Samsel is the environmental reporter for the Fort Worth Report. The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. It was championed by Magness, who is leaving just as the first stages are rolled out. 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. 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.". 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. 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Texas lawmakers could change that, Heres everything you need to know about school vouchers in Texas, Texas Education Agency denies reapproval for Houston special education school Avondale House, adding strain to underfunded system. Mr. Rickerson is responsible for guiding new, in-depth generation inspections and coordinating enforcement actions with the Public Utility Commission. Dozens of insurance companies have also filed suit. 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. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes 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. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. Unfortunately, he said, ERCOTs push for affordability over reliability finally caught up to it in February 2021. 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.. He is a member of the Board of Directors of the North American Transmission Forum and has served on various committees of NERC. Greg Abbott. Jones will serve beginning May 4. 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. That represents money owed by wholesale buyers to power generators who sold electricity at the market cap rate during the freeze. Vice President, System Planning and Weatherization. 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. For example, power plants were weatherized this winter, but for the ice storm of 2011, he said. TPR was founded by and is supported by our community. 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