REDWOOD CITY, Calif.--(BUSINESS WIRE)--Pricelock, the online auction platform for large energy buyers and sellers, announced today that electric utility executive Scott D. Wilson has joined its Advisory Board. Mr. Wilson, the former Chief Financial Officer of El Paso Electric Co. (NYSE:EE), will work closely with executive management and provide strategic guidance.
“The utility industry is ripe for innovation when it comes to energy procurement and it is great to see platforms like Pricelock Marketplace being adopted by several large players. My objective is to help Pricelock in innovating faster and adding value to utilities and generators across the country by making their procurement process faster, easier and more transparent,” said Scott Wilson. “I believe that energy industry companies, customers and regulators will benefit from this technology and am honored to serve on the Advisory Board of this exciting company.”
“We are honored to welcome Scott to our Advisory Board where his extensive background in the utilities and power generation space will be invaluable as Pricelock becomes the de facto standard for large energy transactions in the utility and generation markets. Scott’s knowledge of the industry is a tremendous resource to our team,” said Naveen Agarwal, Chief Executive Officer of Pricelock.
Mr. Wilson, who has more than 30 years of experience in the electric utility industry, joined El Paso Electric in 2003 and was Chief Financial Officer from 2005 to 2009. He also served as an Executive Vice President and Chief Administrative Officer from 2006 to 2009. Prior to joining El Paso Electric, Mr. Wilson’s utility-related experience included serving clients as the principal of Wilson Consulting Group; as Vice President of Citicorp N.A., where he was a Senior Analyst in the Corporate Finance Strategies and Analysis Department; a Director of Scott Madden & Associates; a Senior Manager in the Ernst & Whinney Utility Group; and the Director of Audit and Financial Analysis Department for the Florida Public Service Commission. He is a Certified Public Accountant and a graduate of Florida State University.
Pricelock’s online auction platform has been used to hold energy auctions for large buyers from a variety of industries including utilities, power generators, railroads, marketers, banks and transportation and industrial buyers. Pricelock Marketplace brings liquidity to buyers through a very robust network of suppliers with most of the major energy producers, banks and marketers in North America already registered on the platform.
About Pricelock
Pricelock, headquartered in Silicon Valley, CA, offers online fuel and energy solutions to businesses of all sizes. By leveraging technology and energy market expertise, coupled with deep experience in the energy markets, Pricelock is bringing efficiency and empowering energy buyers and sellers worldwide. Pricelock Marketplace is the first customized, online energy-auction platform that allows utilities, power plants, government and large commercial and industrial companies to buy and sell both natural gas and motor fuels. Pricelock’s award winning solutions have been recognized by the leading industry trade organizations including America’s Most Promising Companies by Forbes magazine, Platts Global Energy Awards, “hottest companies” in Silicon Valley and Web Marketing Standard of Excellence award. A full suite of Pricelock’s solutions can be found at www.pricelock.com.