June 13, 2024

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Ex-New York electric power marketplace CEO named interim ERCOT CEO

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The former CEO of New York’s independent energy marketer has been named interim CEO of the manager of the electrical grid serving 90% of Texas, officers announced Tuesday.

Brad Jones has been hired for up to one calendar year as main government of the Electrical Reliability Council of Texas. ERCOT board member Mark Carpenter calls Jones “an expert leader” who “understands the ERCOT eyesight and mission.”

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He takes over a grid supervisor whose management has been assailed in excess of its managing of a February chilly wave that prompted the grid to collapse. Far more than 100 men and women died, several of hypothermia.

Jones has much more than 30 many years of working experience in the electrical distribution market, including serving as ERCOT vice president of operations from April 2013 to December 2014 and its chief operating officer from January to Oct 2015. He went on to provide as CEO of the New York Impartial Technique Operator from October 2015 to October 2018.

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Jones retains a bachelor’s degree in mechanical engineering from Texas Tech College and a master’s diploma in company administration from the College of Texas at Arlington.

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Jones succeeds Invoice Magness, who was fired March 1 in the wake of the catastrophic cold wave. The fallout from the grid collapse also to the resignations all three associates of the Community Utility Fee of Texas, which oversees ERCOT. Peter Lake has been selected to chair the PUC, and Will McAdams has been picked out as a different PUC member. The two choices by Gov. Greg Abbott are issue to Texas Senate affirmation.

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