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Energy Competition Leadership Awards Presented at CAEM’s Fifth Anniversary Gala
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Four current and former commissioners of the Federal Energy Regulatory Commission (FERC), including three chairmen, were among those receiving CAEM Energy Competition Leadership Awards on July 28, 2004, at a banquet celebrating the fifth anniversary of the founding of the Center for the Advancement of Energy Markets (CAEM). Also honored at the awards gala, which was attended by more than 80 industry and public-sector leaders, were state regulators, a trade newsletter editor, industry leaders, the North American Energy Standards Board and the Georgia natural gas market. The awards recognize organizations and individuals that have had a significant impact on the development of competitive energy markets. Ken Malloy, founder and CEO of CAEM, stated, “Celebrating our fifth anniversary is a significant milestone. In our founding document in 1999, we said 'Experience in the U.S. ... suggests that the transformation [to competitive markets] will be chaotic, difficult, controversial and dominated by entrenched interests.' This was before the Four Horsemen of the Electric Apocalypse—California, Enron, the meltdown of trading, and the blackout—came galloping into our industry. Even we were surprised at how right we were.” Branko Terzic, former FERC and Wisconsin commissioner and CAEM board member, gave a testimonial of CAEM’s impact over the last five years. “A lot of people wondered in 1999 whether we needed a think tank devoted exclusively to energy competition issues,” Terzic said. “Events of the last five years have certainly vindicated the original vision we had for CAEM. I am proud to have been part of the group that had the boldness to ignore conventional wisdom and take the road less traveled.”
Malloy stated, “While energy competition has had significant setbacks in electric policy, we have started to take for granted the dramatically successful transformation of the natural gas market in the 1980s and 1990s. Tonight we honor those on whose shoulders we stand, not only some of the key architects of federal gas reform but also leaders at state commissions and organizations who are making competition work.” Banquet attendees received Opening Minds to Changing Energy Markets: The CAEM Story, a booklet detailing the history of CAEM. The booklet chronicles not only CAEM’s development of intellectual capital in studies and reports such as the RED Index, the DISCO of the Future, and the Default Policy Forum, but also outreach and education efforts in support of energy competition. CAEM presented the following awards at the banquet: Phoenix Award: For overcoming initial implementation impediments to emerge as the most competitive retail gas market in the world over the last six years. Presented to Georgia’s Gas Market
Adam Smith Award: For bold, articulate, and visionary support for competition while a commissioner at the Pennsylvania Public Utility Commission and as president of PennFuture. Presented to John Hanger, President of PennFuture, former Pennsylvania Public Utility Commissioner
Hall of Fame: The 2004 inductees all made significant and distinguished contributions to the dramatic transformation of natural gas markets. Raymond J. O'Connor (1932–1995), former Chairman of FERC and Member of the New York Public Service Commission, is inducted in recognition of his leadership in organizing, motivating and mobilizing a team while chairman of the FERC that developed and implemented a blueprint for radical change in natural gas policy in the mid-1980s, . The award was accepted by the O'Connor family.
Braveheart Award: For courage in consistent advocacy of markets on the front line while at ARCO, Enron, and the New Power Company. Presented to Kathleen Magruder, President, Magruder Consulting
Continental Congress Award: For organizational leadership for creating the Gas Industry Standards Board and expanding into the North American Energy Standards Board to establish voluntary business and operating standards that have been adopted by FERC. Presented to the North American Energy Standards Board (accepted by Rae McQuade, Executive Director)
Hall of Fame: The 2004 inductees all made significant and distinguished contributions to the dramatic transformation of natural gas markets. Dr. Charles Stalon, former FERC Commissioner and Illinois Commerce Commissioner, is inducted in recognition of his leadership in policy analysis while a commissioner at FERC during the initial implementation of the natural gas blueprint in Orders 436, 451 and 49.
Paul Revere Award: For developing insight and perspective for more than two decades of reporting on changes in energy markets. Presented to George Spencer, Editor, Restructuring Today
Unsung Hero Award: For leadership by a civil servant who has made a significant difference in gas and electric competition while a senior staffer at the Maryland Public Service Commission. Presented to Calvin Timmerman, Director, Rate Research and Economics Division, Maryland Public Service Commission
Thomas Jefferson Award: For innovation in the public sector by creating the Office of Retail Market Development, an office dedicated to advancing retail competition in the energy and telecommunications industries. Presented to Bill Flynn, Chairman of New York Public Service Commission
Churchill Award: For leadership in facing adversity while chairman of the Texas Public Utility Commission and FERC. Presented to Pat Wood, Chairman, FERC, and former Chairman of the Texas Public Utility Commission
Hall of Fame: The 2004 inductees all made significant and distinguished contributions to the dramatic transformation of natural gas markets. Martin Allday, former Chairman of FERC, is inducted for his leadership in overcoming judicial setbacks to complete the execution of the natural gas blueprint in the late 1980s and early 1990s through the issuance of Order 636.
Fifth Anniversary Gala Photo Gallery Pat Wood (FERC Chairman), Ken Malloy (CAEM CEO), and Bill Flynn (NY PSC Chairman)
Pat Wood, Kathleen Wood, and Bill Flynn
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