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NYISO Elects Christopher O. Ward to Board of Directors.

RENSSELAER, N.Y. -- The New York Independent System Operator (NYISO) today announced the unanimous election of Christopher O. Ward to its Board of Directors.

Mr. Ward is Managing Director of the General Contractors Association of New York and a former Commissioner of the New York City Department of Environmental Protection.

"Christopher Ward's extensive experience with environmental protection and public works infrastructure will offer valuable perspectives to the work of the NYISO Board of Directors. His impressive record of public service and success in the private sector will add to our Board members' wide array of expertise and accomplishments," said Board Chair Karen Antion.

Mr. Ward has served as Managing Director of the General Contractors Association of New York (GCANY) since 2006. He was Chief Executive Officer of American Stevedoring, Inc. prior to joining the GCANY.

From 2002 to 2005, he served as Commissioner of the New York City Department of Environmental Protection, which is responsible for protecting the environmental health, welfare, and natural resources of New York City and its residents.

He had previously served as Chief of Planning and External Affairs at the Port Authority of New York and New Jersey, where he also served as Director of Port Development. Prior to that, he was Director of Business Development at American Stevedoring, Inc., Senior Vice President for Transportation and Commerce at the New York City Economic Development Corporation, Assistant Commissioner at the New York City Department of Telecommunications and Energy, and Director of Research at the New York City Department of Consumer Affairs.

Mr. Ward received a Master of Theological Studies from Harvard Divinity School and a Bachelor of Arts from Macalester College in St. Paul, Minnesota.

His selection is the result of a nationwide search. The process included extensive stakeholder participation and candidate interviews with a representative group of Market Participants.

The NYISO is jointly governed by a Management Committee of Market Participants and a 10-person Board of Directors, made up of nine unaffiliated members who serve staggered four-year terms, and the NYISO's President and CEO, who is an ex-officio member. All Board members are required to be independent from the interests of Market Participants, as part of a rigorous NYISO Code of Conduct.

The membership of the NYISO Board is required to possess a cross-section of skills and experience (e.g., electric utility management, corporate finance, business management and information systems, environmental affairs, consumer advocacy, public policy, and energy regulatory affairs). At least three Directors must have relevant electric industry experience, according to the ISO Agreement. The agreement, approved by the Federal Energy Regulatory Commission (FERC), is the contract among eight New York utilities that established the NYISO in 1999.

The New York Independent System Operator (NYISO) - www.nyiso.com - is a nonprofit corporation that began operations in 1999. The NYISO operates the Empire State's bulk electricity grid, administers New York's wholesale electricity markets, and performs comprehensive reliability planning for state's bulk electricity system.
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Publication:Business Wire
Date:Apr 16, 2008
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