PG&E Announces New Assignments to Strengthen Energy Supply and Renewable Energy Development Efforts
April 17 2009 - 11:53AM
PR Newswire (US)
SAN FRANCISCO, April 17 /PRNewswire-FirstCall/ -- Pacific Gas and
Electric Company (PG&E) today announced the appointment of John
T. Conway to head the utility's newly created Energy Supply
organization. Conway will now lead PG&E's previously separate
power generation and power procurement functions as Senior Vice
President, Energy Supply, and Chief Nuclear Officer. Most recently,
Conway served as PG&E's Senior Vice President, Generation, and
Chief Nuclear Officer. "By forming a new Energy Supply
organization, we are establishing a single point for ensuring that
PG&E is planning for and delivering the supplies of reliable,
clean energy our customers count on," said Peter A. Darbee,
Chairman, CEO and President of PG&E Corporation and CEO of
Pacific Gas and Electric Company. "John has demonstrated an
exceptional ability to drive high performance and a talent for
solid execution. We are confident he will bring the same strong
leadership to his new role." Within the new organization, Fong Wan,
Senior Vice President, Energy Procurement, will continue to be
responsible for managing PG&E's diverse and substantial
portfolio of power supply contracts with other generators. These
contracts account for approximately 60 percent of the energy
delivered to PG&E customers, complementing the company's
utility-owned generation. Wan's organization is also responsible
for all natural gas procurement activities on behalf of PG&E's
core natural gas customers. He will report to Conway. In a sign of
the growing significance that renewable energy is playing in the
company's supply mix, PG&E also appointed Steven E. Malnight,
Vice President, Renewable Energy, to oversee the company's emerging
utility-owned renewable business and ongoing renewable energy
contracting. This newly created position will report to Wan.
Malnight will lead PG&E's solicitation, negotiation and
management of new renewable projects and supply arrangements with
renewable energy providers. Last year, the company negotiated 1,800
megawatts of new renewable energy agreements and it has recently
filed an application with the California Public Utilities
Commission for up to 500 megawatts of solar power, half of which
will be utility-owned. "We are fully committed to increasing the
supplies of renewable energy available for our customers," said
Darbee. "Creating this new position strengthens our renewables team
and reflects the important role these initiatives will play in
providing our customers with renewable energy in the future.
Steve's leadership will be a tremendous asset as we continue
driving this area of the business." Malnight joined PG&E in
2002 as a member of the company's MBA Leadership Program. Since
then, he has held leadership roles at the director level in the
company's Customer Care and Finance functions. Most recently, he
has served as Special Assistant to the Chairman and CEO, Peter
Darbee. Malnight holds an undergraduate degree in chemical
engineering from University of Notre Dame and an M.B.A. in Finance
from the Tuck School of Business at Dartmouth. These new
appointments are effective immediately. Pacific Gas and Electric
Company, a subsidiary of PG&E Corporation (NYSE: PCG), is one
of the largest combined natural gas and electric utilities in the
United States. Based in San Francisco, with 20,000 employees, the
company delivers some of the nation's cleanest energy to 15 million
people in northern and central California. For more information,
visit http://www.pge.com/about/. DATASOURCE: Pacific Gas and
Electric Company CONTACT: Pacific Gas and Electric Company,
External Communications Department, +1-415-973-5930 Web Site:
http://www.pge.com/about/
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