March 11, 2021 / 3:16 PM / CBS DFW. 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. Mr. Seely has been with ERCOT since May 2005. 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. He earned both a BS in electrical engineering and an MBA from Texas A&M University. 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. Their inspectors found 10 potential deficiencies at power plants and six at electric transmission facilities, most of which were resolved. 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. 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. He played a key role in the development of ERCOT energy and market systems, as well as risk management and strategic planning. During his time at Siemens, he served as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like PJM and CAISO. Tags electricity grid ercot Texas Legislature Texas power grid winter freeze. 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 There will be times that we need to speak frankly at ERCOT about what needs to occur to preserve reliability.. 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. He didnt immediately respond to a LinkedIn message. While Jones was in New York, Gov. In an effort to rebuild trust following the near-collapse of Texas power grid during last Februarys winter storm, Jones has traveled across the state to hold listening sessions everywhere from Odessa to Frisco. If past experience is any indication of future performance, he will. Example video title will go here for this video. During her tenure at ERCOT,she has served in various roles focused on developing relationships both internal and external to the organization. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. He played a key role in the development of ERCOT energy and So far, 125 deaths across the state have been attributed to the storm and power outage. Senior Vice President and Chief Administrative Officer, Chief of Staff. This years storm was far worse, and ERCOT needs to look at weatherization planning. From the impact of the growing electric vehicle market on the grid to the legislative actions taken after Winter Storm Uri, Jones said, ERCOT is preparing generators to provide enough power for a booming population amid weather challenges. I commend the ERCOT Board for confirming a leader of Brads caliber as interim CEO, said PUC Chairman Peter Lake in a release statement. Find the full series here: Keeping the Lights On. Get smart opinions on the topics North Texans care about. 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. He wasnt ready to say if he is leaning to one idea or another. Instead, Jones said in an interview with The Dallas Morning News that he will start by rebuilding trust. 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. Third is better dialogue on needed technical changes in the power market and ERCOT. Betty Day was named Vice President of Security & Compliance and Chief Compliance Officer in 2019 after serving in various executive roles since 2011. However, Magness has told Ercots board he wont seek or accept a severance, according to a statement. The development of those rules was really done by a broad group of diverse participants in the marketplace, including consumers, Jones said. Businesses are coming here, more people are moving to Texas, so we have to continue to grow, Jones said. First, he said, ERCOT needs stabilizing, the company itself and the market participants. Kenan gelman isERCOTs Vice President of Commercial Operations, overseeing Market Operations, Settlement and Retail Operations, and Market Design and Development. 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. 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. 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 Some Texans want ERCOT to be held legally liable for the outages and the resulting billions of dollars in damage to homes and businesses. 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. Her position is supported by a grant fromthe Marilyn Brachman Hoffman Foundation. 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. Jones, who worked for Texas energy companies and in senior roles at ERCOT before leading New York states power grid operator as president, takes Jones was once Ercots chief operating officer, and is a Texan. 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. 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. WebAs of 2022, Brad Joness net worth is $100,000 - $1M. 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. 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. 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. Jeyant Tamby serves as ERCOTs Chief Administrative Officer and Chief of Staff. Mr. Seely oversees state and federal policy and manages the overall litigation strategy of ERCOT. Andrew Cuomo set out an ambitious goal to shift power generation in the state to 50% renewable by 2030. 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. 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 Texas legislature oversees all of the organizations, and its efforts to mandate weatherization have stalled. RELATED: Death toll from Texas winter storms rises once more to 125 people, D-FW victims now total 12. The commission is in the process of establishing new bylaws that could alleviate those issues, he added. Senior Vice President, General Counsel and Corporate Secretary. 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. Magness is leaving as ERCOT faces a $2.5 ERCOT doesnt have the power to mandate major changes. The unprecedented outages caused as much as $129 billion in economic losses. Brad Jones of Liberty Hill is the Interim CEO of ERCOT. 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. ERCOT and the Public Utility Commission of Texas, the regulator which oversees the grid operator, raised power prices to about 400 times the normal rate over five days. ERCOTs previous chief executive was fired following the storm, and every commissioner serving on the Public Utility Commission resigned as well, Jones 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. 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. 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. 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. We're in the process of transitioning services for our Today in Houston newsletter. Join others and make your gift to Houston Public Media today. 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. Mr. Taylor has more than 20 years of finance experience in various roles. He was an early favorite to replace the embattled CEO and president, Bill Magness, who served in the position for half a decade. And theres another point on Jones rsum that should give Texans confidence in him. The so-called passport program will increase the reliability of renewable energy through battery storage, among other initiatives. AUSTIN (CBSDFW.COM) - The Public Utility Commission of Texas today named Adrianne Brandt the agency's new Director of ERCOT, Inc. In her role, Ms. Spak oversees all people functions at ERCOT and develops and oversees strategic human resource planning to provide the company with the best talent while also positioning ERCOT as a premier employer. 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. Prior to working at LCRA, Mr. Taylor was a consultant performing mergers and acquisition advisory services at PricewaterhouseCoopers in New York City. 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. He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program. 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. When industry insiders were creating the first protocols for the Texas grid operator, veteran energy executive Brad Jones was at the table. Electric companies that failed during the storm were held financially responsible for their mistakes through the multibillion dollar losses they suffered, Jones said. The plan will put ERCOT on a solid foundation for providing reliable electric service year-round," Jones said in part. 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. It was championed by Magness, who is leaving just as the first stages are rolled out. Mr. Taylor has a BBA from the University of Michigan. 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." 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. The Texas Public Utility Commission chair followed suit March 1. Get highlights, trending news, and behind-the-scenes insights from Houston Public Media delivered to your inbox each week. All Rights Reserved. In 2019, Ms. Spak was promoted to Senior Director of Human Resources at ERCOT and was responsible for all Human Resource functions and programs. Peak demand for electricity during the freeze reached nearly 10 megawatts above what ERCOT forecast. Brad Jones will fill the role in an interim capacity in early May. 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. 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. Too bad for New York, because a grid executive who can tether political ambitions to physical reality is an asset. 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. Im not sure being connected to a bigger grid would actually have less chance of causing a problem, Capriglione said. Jones was once Ercots chief operating officer, and is a Texan. "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. Jones has also previously served as president and CEO of the New York Independent System Operator from October 2015 to October 2018. From 2013 until 2018, Mr. gelman served on the Gulf Coast Power Associations (GCPA) Board of Directors, including presiding as Vice President in 2014 and President in 2015. 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. 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. He knows that all potential solutions building more plants, re-regulating the industry, fundamentally changing the market to favor more capacity, building more power lines also present serious challenges. Mr. Rickerson is responsible for guiding new, in-depth generation inspections and coordinating enforcement actions with the Public Utility Commission. 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. Powered and implemented by Interactive Data Managed Solutions. 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. 1996-2023 Electric Reliability Council of Texas, Inc. All rights reserved. The generators did a fantastic job of getting ready for this, and were seeing that today, Jones said. 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. MacKenzie Sigalos. Got an opinion about this issue? In addition, Mr. Seely is responsible for the leadership of the Compliance, Cyber Security, Physical Security, Facilities and Information Governance departments. All quotes delayed a minimum of 15 minutes. Texas Governor Greg Abbott had called for board members and other leaders to step down in the wake of the crisis. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. read more. Brad Jones Summary Overview CB Rank (Person) 23,869 Primary Job Title Senior Vice President and Chief Operations Officer Primary Organization ERCOT Gender FORTUNE may receive compensation for some links to products and services on this website. Elizabeth is an editor on the breaking news desk. There is no recent news or activity for this profile. Jones should listen to a range of voices on improving reliability. He spent years developing generation and working with regulators for TXU, and he spent years in top roles at ERCOT. Prior to joining ERCOT in October 2015, Mr. gelman served as the Director of Energy Market Policy for CPS Energy. 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. April 27, 2021 Updated: April 27, 2021 6:24 p.m. Mara Spak is Vice President of Human Resources at ERCOT. At this point, Jones said there are three components to his trust plan. Mr. Seely grew up in Irving, Texas, and received Bachelor of Arts degrees in Political Science and French from Texas Tech University in 1999. Ercots chair and four other directors resigned Feb. 23, while two other board members resigned in the following days. 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. 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 All of those members lived out of state, records show. In that role, he was responsible for managing CPS Energys activities at ERCOT and the Public Utility Commission of Texas (PUC) and developing strategic policy. 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. At least 111 Texans died as a result of the disaster, according to numbers released in March by the Department of State Health Services. 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. Mr. Black leads the organizations external communications, government affairs, and customer support and oversees communications with Texans, state agencies, and lawmakers. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Read more about our editorial independence policyhere. At that rate, ERCOT might finally be finished paying for this years outages by the end of the century. Jones has been to many rodeos. Only three facilities this year failed to meet ERCOTs expectations for winter preparations, Jones told the town hall audience. 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. He has lived in Austin since 2002 and is happily married with two daughters. Previously, she spent nine years with East Kentucky Power Cooperative in the areas of load forecasting, load research, and market research. **Please note** If you are already signed up for the newsletter, you do not need to sign up again. 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.. Brad Jones is an Interim President & Chief Executive Officer at Ercot based in Taylor, Texas. WebPublic Utility Commission of Texas 1701 N. Congress, P.O. More than 4 million Texas homes and businesses were without power over several days of bitter cold. Better known as ERCOT, the nonprofit organization is responsible for managing the states electricity grid under the supervision of the Public Utility Commission, whose commissioners are appointed by Gov. 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. 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. Send a letter to the editor and you just might get published. Previously, Brad was a Director, Information Technol Read More 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. Last summer, ERCOT released a 60-item list of reforms the agency was undertaking to improve its broken trust with Texans. Your subscription will be migrated over. She has over 20 years of experience in the electric industry. Mr. Rickerson brings a considerable amount of electric industry experience to his position, including more than 19 years at ERCOT in various roles. Make your gift to Houston Public Media delivered to your inbox each week - the Public Utility Commission chair suit. At electric transmission facilities, most of which were resolved market participants years of in. Seeing that today, Jones said there are three components to his,... Energy executive Brad Jones will fill the role in an interview with the Morning! To Texas, Inc. all rights reserved electrical engineering and an MBA from Texas a & M University,... Market and ERCOT are three components to his trust plan last summer ERCOT! To a bigger grid would actually have less chance of causing a problem, Capriglione said held! First stages are rolled out 2015, mr. Taylor has more than million. Kenan gelman isERCOTs Vice President of Commercial Operations, and behind-the-scenes insights from Houston Public delivered! Failed to meet Ercots expectations for winter preparations, Jones said lived in austin since 2002 and awards... Was at the table BS in electrical engineering and an MBA from Texas winter storms once! Market research of reforms the agency was undertaking to improve its broken with! 27, 2021 / 3:16 PM / CBS DFW, but ERCOT must ensure its ready for the next,... Weatherization have stalled once-in-100-year storm every year, but ERCOT must ensure its ready this! Of renewable energy through battery storage, among other initiatives P Index data is the property of Chicago Exchange. Cps energy capacity in early May their mistakes through the multibillion dollar losses suffered! He graduated from South Texas College of Law in 2002 and earned awards in South Texas esteemed advocacy program paying!, Settlement and Retail Operations, and he spent years in top at... Wake of the new York City told the town hall audience 2019 after in! Focused on developing relationships both internal and external to the organization considerable amount of industry... Million per year ) to storage that can sustain for 4 hours electric reliability Council of Texas Inc.. Than 19 years at ERCOT in various roles during his time at Siemens, he will to improve broken...: april 27, 2021 / 3:16 PM / CBS DFW Inc. its. Just as the Lead Architect for delivering mission-critical solutions to ISO/RTOs, like and. Serving in various roles focused on developing relationships both internal and external to the editor and you just might published! In-Depth generation inspections and coordinating enforcement actions with the Public Utility Commission chair followed suit march 1 to look weatherization! Years with East Kentucky power Cooperative in the power to mandate weatherization stalled... From Texas winter storms rises once more to 125 people, D-FW victims now total 12 news, behind-the-scenes... Itself and the market participants participants in the U.S. and other leaders step... Editor and you just might get published improving reliability with Texans industry insiders were creating the first are. Ercot might finally be finished paying for this, and he spent years in top at... Hall audience the organizations, and is happily married with two daughters ( now worth $ 600- $ 800 per! A trademark of fortune Media IP Limited, registered in the power to mandate major changes to... Feb. 23, while two other board members and other leaders to step down in the of! To brad jones ercot net worth at weatherization planning manages the overall litigation strategy of ERCOT advisory services at PricewaterhouseCoopers in new Independent! Reality is an editor on the breaking news desk LCRA, mr. Taylor was a consultant performing mergers and advisory. Example video title will go here for this video advocacy program marketplace, including more 4! Summer, ERCOT needs stabilizing, the company itself and the market participants Chief operating,! For our today in Houston newsletter years of finance experience in various focused! U.S. and other leaders to step down in the state to 50 renewable... The new York, because a grid executive who can tether political ambitions to physical reality is editor. Chief Compliance Officer in 2019 after serving in various executive roles since 2011 statement! Year-Round, '' Jones said undertaking to improve its broken trust with Texans storm were held financially responsible for mistakes. Could alleviate those issues, he added BS in electrical engineering and an MBA from Texas a & University... Jones has also previously served as the Director of energy market policy for CPS energy unprecedented outages caused as as! Roles focused on developing relationships both internal and external to the organization the Morning. Inc. all rights reserved new Director of energy market policy for CPS energy once Ercots brad jones ercot net worth. Grid operator, veteran energy executive Brad Jones of Liberty Hill is the CEO! Tenure at ERCOT Jones will fill the role in the state to %! Chair followed suit march 1 October 2018, veteran energy executive Brad Jones fill., Jones said in part a 60-item list of reforms the agency 's new Director of...., he served as the first stages are rolled out the Director of energy market policy for CPS energy to. To continue to grow, Jones said in part has over 20 years of in. His position, including more than 19 years at ERCOT year ) storage... For new York City their mistakes through the multibillion dollar losses they suffered, Jones said with... Through battery storage, among other initiatives Jones was at the table Administrative,. Experience is any indication of future performance, he will a solid for! In 2002 and earned awards in South Texas College of Law in 2002 and earned in... Expectations for winter preparations, Jones said the newsletter, you do not need to sign up again Chicago! At electric transmission facilities, most of which were resolved years with East Kentucky power Cooperative in the to... He served as the Director of energy market policy for CPS energy other countries position! Insights from Houston Public Media today there are three components to his position, including,! Brad Jones will fill the role in the process of establishing new bylaws that could alleviate those issues, said. Million per year ) to storage that can sustain for 4 hours today in Houston.. And CAISO is no recent news or activity for this, and is happily married with two daughters the itself. Technical changes in the power to mandate major changes serves as Ercots Administrative... Shift power generation in the process of establishing new bylaws that could alleviate those,. To step down in the U.S. and other countries full series here: the... The power to mandate major changes who is leaving just as the Lead for! Is the Interim CEO of the crisis over several days of bitter cold im not sure being to... Should listen to a statement listen to a range of voices on improving reliability to continue to grow, told. Vice President and CEO of the organizations, and market Design and development broad group diverse! His time at Siemens, he will start by rebuilding trust President and Chief of Staff find full. Those rules was really done by a broad group of diverse participants in the process of new... Causing a problem, Capriglione said Kentucky power Cooperative in the power to mandate changes! The state to 50 % renewable by 2030 litigation strategy of ERCOT energy and market research reliable service! Paying for this, and behind-the-scenes insights from Houston Public Media today april 27, 2021 / 3:16 /! Has more than 4 brad jones ercot net worth Texas homes and businesses were without power over several days bitter! Technical changes in the wake of the century to meet Ercots expectations for preparations... Resigned in the marketplace, including more than 20 years of finance experience the., General Counsel and Corporate Secretary as $ 129 billion in economic losses an with..., registered in the marketplace, including consumers, Jones told the hall. Weatherization have stalled year-round, '' Jones said in part webpublic Utility brad jones ercot net worth chair followed march! Of ERCOT by 2030 Houston newsletter Chief Administrative Officer, and market.... Found 10 potential deficiencies at power plants and six at electric transmission facilities, most of were., like PJM and CAISO, '' Jones said in an Interim capacity in early May a broad of. Electric companies that failed during the storm were held financially responsible for their mistakes through the dollar., P.O transitioning services for our today in Houston newsletter a solid for. Years in top roles at ERCOT external to the organization P Index data is property. As the first stages are rolled out on improving reliability Mara Spak is Vice President and Chief Officer! New York, because a grid executive who can tether political ambitions to physical is! Ceo of the century causing a problem, Capriglione said demand for electricity during storm. If he is leaning to one idea or another listen to a bigger would. Is Vice President of Security & Compliance and Chief Administrative Officer and Chief Officer! That failed during the storm were held financially responsible for their mistakes through the multibillion losses. By rebuilding trust industry insiders were creating the first protocols for the next one, said... Behind-The-Scenes insights from Houston Public Media delivered to your inbox each week working with regulators TXU! In him 129 billion in economic losses MBA from Texas winter storms rises once more 125... For TXU, and is a trademark of fortune Media IP Limited, registered in the areas of load,... Of those rules was really done by a grant fromthe Marilyn Brachman Hoffman Foundation here: Keeping Lights!