PG&E Announces New Assignments to Strengthen Energy Supply and Renewable Energy Development Efforts
Release Date: April 17, 2009
Contact: PG&E External Communications (415) 973-5930
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 now leads 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 President 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 and natural gas supply. PG&E purchases approximately 60 percent of the power delivered to 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 reports to Conway.
Recognizing the growing significance of renewable energy in the company’s supply mix, PG&E also appointed Steven E. Malnight, Vice President, Renewable Energy, to oversee the company’s overall renewable strategy and public policy initiatives. Malnight will also be responsible for the development of PG&E’s emerging utility-owned renewable business. This newly created position will report to Wan.
PG&E has been very active in procuring 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 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, CEO and President, 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.
Conway and Wan assumed their new roles on April 1, 2009. Malnight’s appointment will be effective on May 1, 2009.
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 www.pge.com/about.