ISO New England Board Chair Steps Down
Effective April 25, Chair Kathryn Jackson Leaves ISO New England Board
HOLYOKE, Mass.--(BUSINESS WIRE)--ISO New England Inc., the operator of the region’s bulk power system and wholesale electricity markets, today announced that Kathryn J. Jackson, PhD, current Chair of the ISO New England Board of Directors, will be leaving the board effective April 25, 2014. Today, the ISO Board elected board member Philip Shapiro as Vice Chair of the Board, who will become Chair upon Jackson’s departure on April 25.
“She has been a very strong contributor since she joined the Board in 2008, and Kate’s deep experience in the industry, as well as her skill in working with our broad stakeholder community on the critical issues facing the region’s electricity infrastructure, will be missed.”
Jackson is leaving the ISO New England Board to join the Board of Portland General Electric Company of Portland, Oregon, on April 26. Federal interlocking rules generally prohibit ISO New England board members from serving on another board that is an unaffiliated public utility.
“We are sorry to see Kate leave the ISO New England Board,” said Phil Shapiro, Vice Chair of the ISO New England Board. “She has been a very strong contributor since she joined the Board in 2008, and Kate’s deep experience in the industry, as well as her skill in working with our broad stakeholder community on the critical issues facing the region’s electricity infrastructure, will be missed.”
Mr. Shapiro will become Chairman of the ISO New England Board on April 25. He has been a member of the Board since 2010 and is currently Chief Financial Officer of Babson College. Before this, he was a Managing Director of Standard and Poor’s Rating Group, where he established and supervised their offices in Boston, Chicago, and Dallas. Mr. Shapiro is a graduate of Amherst College and holds masters' degrees in Education from the University of Maine and Business Administration from Boston College.
“Kate has made invaluable contributions to the organization and we will all miss her,” said Gordon van Welie, ISO New England President and CEO. “We are fortunate to have an experienced group of directors who collectively have the broad spectrum of skills needed to help oversee a complex organization facing many operational challenges.
“We are pleased that Phil will be the next Chair of ISO New England’s Board of Directors,” continued van Welie. “With his background in finance and infrastructure, he will be able to work effectively with all the directors to provide the leadership and guidance needed during this time of great change to the region’s bulk power system.”
ISO New England elects its board members through a nominating process that involves representatives from the ISO New England Board of Directors, the New England Power Pool (NEPOOL), and the New England Conference of Public Utilities Commissioners, the state regulatory group. Jackson’s replacement on the Board will be selected through this nominating process.
To learn more about ISO New England’s governance structure, please visit the ISO New England website: http://www.iso-ne.com/aboutiso/corp_gov/index.html.
Created in 1997, ISO New England is the independent, not-for-profit corporation responsible for reliably operating New England’s bulk electric power generation and transmission system, overseeing and ensuring the fair administration of the region’s wholesale energy markets, and managing comprehensive regional electric power planning.