reorganization

ERCOT makes major leadership changes, names COO

ERCOT has made four leadership changes. Photo courtesy of ERCOT

Last week, the Electric Reliability Council of Texas, or ERCOT, announced a reorganization amongst its leadership.

“These changes were designed to harness the collaborative talents and strengths of our experienced team in supporting the delivery of reliable and efficient energy to the millions of Texans that we serve,” Pablo Vegas, ERCOT President and CEO, says in a news release.

Effective September 1, four ERCOT leaders have new titles and positions.

Woody Rickerson has been named to the newly created position of senior vice president and COO of ERCOT. He previously served as vice president of system planning and weatherization. In his new role, he will maintain control over weatherization and planning while adding grid and commercial operations to his responsibilities.

“This new position will leverage Rickerson’s deep operations experience and support ERCOT’s continued investments in grid innovations,” adds Vegas.

Kristi Hobbs, who previously served as vice president of corporate strategy and public utility commission relations, will replace Rickerson as vice president of system planning and weatherization and will report directly to Rickerson. She will oversee transmission planning, generator interconnection activities, modeling, and weatherization in her new role.

ERCOT announced two other appointments:

  • Betty Day, vice president of security and compliance and chief compliance officer, has assumed oversight of business continuity.
  • Rebecca Zerwas will serve as director of state policy and public utility commission relations, board liaison.

“As our industry faces dynamic changes, ERCOT is continuously evolving and making the necessary improvements to the grid to support the needs of a growing population and robust economy," Vegas says. "This reorganization allows us to sharpen our focus on daily operations while implementing our long-term strategic plan."

Images via ERCOT.com

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A View From HETI

Michael Wortley, Joulent's new CFO, and Corey Grindal, the company's new COO. Photos courtesy Joulent

Houston-based energy infrastructure startup Joulent has brought aboard a new chief financial officer and new chief operating officer—both former executives at Houston-based Cheniere Energy.

The C-suite moves come three months after Joulent raised $1.75 billion from National Grid Ventures.

Michael Wortley joins Joulent as co-president and CFO. Wortley most recently was executive vice president and CFO at Cheniere, an LNG producer and exporter.

In conjunction with Wortley’s hiring, Brian Boland, who was Joulent’s interim CFO, has been named executive vice president, chief investment officer, and head of strategy.

Corey Grindal comes to Joulent as co-president and COO. Grindal most recently was executive vice president and COO at Cheniere.

“As Joulent evolves to meet the growing demand for power infrastructure, our expanded leadership team will help ensure we continue delivering the execution certainty our customers, partners, and investors expect,” Chris James, Joulent’s founder and CEO, said in a press release.

“Corey and Michael are accomplished operators with exceptional records of building and leading world-class energy infrastructure businesses, where they have embedded a culture defined by operational excellence and disciplined execution,” James added.

Joulet builds dedicated power-generating facilities that feed directly into data centers and other power-dependent facilities. This eliminates the need for companies to draw power from grids.

“With an initial multi-gigawatt development portfolio and strategic partnerships across the energy, infrastructure, and data center ecosystem, Joulent is helping remove power constraints to enable the next chapter of American innovation and U.S. reindustrialization,” the company says.

The $1.75 billion minority investment from National Grid Ventures complements Joulent’s existing partnerships.

Joulent, founded in 2023, emerged from stealth mode this summer. The company was founded by investment firm Engine No. 1.

Joulent’s first project, the Project Kilby natural gas facility in West Texas, will be co-located with a Microsoft data center. It’ll deliver about 2.67 gigawatts of power under a 20-year deal between Microsoft and Energy Forge One, a 50/50 joint venture between Chevron and Joulent.

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