Power Plant Financial

Ken A. Ecoffey

**** ***** *****, ***** **** ***** ***.*******@*****.*** 513-***-****

Cell 513-***-****

CAREER OJECTIVES

To find a hands-on business operations position that allows me to utilize my present financial and engineering problem solving abilities as well as my MBA education.

DEMONSTRATED CORE COMPETENCIES

Significant experience working with developing cost structures and improving business processes.

Managing Operations and Maintenance (O&M) and Capital budget strategic planning for large utilities

Managing plant and regional financial operations (Month and YTD variance reporting, ad hoc spending plans, leading regional meetings, business improvements with accounting/budget personnel)

Utilizing SAP and Peoplesoft Enterprise Resource Planning (ERP) systems for business operations

Both user and trainer with company work management (AssetSuite) and fixed asset accounting systems

Using FERC and GAAP Accounting along with performing and managing Sarbanes-Oxley (SOX) policies

Executing operational and financial agreements with lending institutions for power plants

Proven engineering consulting, project management and business development skills

Fostering strong internal and external client relationships in various organizations of different size

Led and managed both administrative and field engineering teams toward meeting company objectives

AMERICAN ELECTRIC POWER May 2007 –present

Principal Financial Analyst - AEP Energy Supply/ AEP Ohio Generation/ AEP Gas Plants Region

Performed financial management of generating assets that included financial variance reporting and forecasting, budgeting of generation assets, Capital and O&M accounting, work management, and use of corporate financial systems. Most recent role included consolidated financial reporting of generating plants, renewables, wholesale trading, and retail business units for senior management.

Collaborated with plant managers and vice president toward optimization of Generation spending and budgeting ($380M O&M, 190M Capital) which includes the development of in-year ad hoc spending plans to determine best use of company funds and develop year-end spending projections. Provide fleet generating plant variance explanations for senior management.

Performed asset management and budgeting of the Trent and Desert Sky wind farms; providing capital improvement funding assistance for AEP On-Site Partners for solar farm sites and substations.

Financial management of joint-owned facilities that includes budget approvals, obtaining capital spending approvals, reviewing intercompany billings and accounting, and working through bi-annual audits.

Lead bi-weekly meetings with Plant administrators toward assessing any business operations, financial approval, or accounting processes issues within Generation Resources

Supported Vice President on financial business operations issues and financial management of Ohio plants during the transformation to a deregulated Generation company in 2014.

Assisted with Regional O&M and Capital spending plans and the reallocation of funds among Stations and other AEP Operating Companies throughout the year to reach budget targets at year end within 1% of budget.

Approved capital projects, journal entries, and Sarbanes-Oxley requirements in the Ohio Region, performed financial and accounting ad hoc assignments as necessary.

Partnered with IT to develop financial reporting/SOX solutions for corporate separation regulated/deregulated issues of company ERP system

Developed plant operating cost structures and managed the budgeting and financial results for gas-fired simple cycle and combined cycle plants; in addition to four co-owned coal plants

Variance reporting and forecasting using FERC accounts, creating capital work orders for Stations, incorporating co-owner budgets and capital projects into AEP financial budgeting system

PUBLIC SERVICE ENTERPRISE GROUP - OH, IN and NJ 2002 – 2007

Business Analyst

Financial/accounting/procurement lead of the Waterford, Lawrenceburg, and Linden facilities in the PSEG fleet. Experience included managing the business operations at two combined-cycle facilities totaling 1850 MW.

Performed business operations duties – Developed business plans and Station O&M budgets, performed monthly P&L reports and forecasting

Established plant startup and ongoing business practices and processes towards successful business operations. Prepared Benchmarking Study results with the Electric Utility Cost Group organization (EUCG)

Managed the execution of monthly and annual financial arrangements with lending institutions for two plants

Administered and developed Station O&M business plans(~$11M each) that resulted in O&M expenses within 1% of the generated Business Plan.

Worked with Plant teams to obtain favorable financial and operations metric results for plant assets of $1.2M.

Developed plant cost structuring using the SAP Financial, Controlling, and Work Management modules.

Executed financial requirements of Contract Service Agreement with General Electric (~$1.2M annually)

R.W. BECK, Denver, CO 2001 - 2002

Project Engineer

Performed due diligence functions for the financing of power plant projects for financial institutions that included reviewing plant design, reviewing all associated contracts (EPC, power purchase agreements, credit agreements, equipment vendors, etc.), performance testing

Reviewed technical inputs to pro-formas used for plant financing projects

Performed successful project management, and technical writing that included reviewing O&M budgets

Enacted financial accounting on a receivership involving gas wells.

Assistant Project Manager on the Calpine Deer Park project which is a $529 million cogeneration project

Assistant Project Manager for Iroquois Falls Plant refinancing.

APTECH ENGINEERING SERVICES Sunnyvale, CA 1988 - 2001

Aptech Engineering Services was an engineering consulting firm acknowledged internationally in the power, petrochemical, and legal industries and is now called Intertek. Aptech was known for its metallurgical expertise.

Performed business development functions dealing with power plant engineering consulting services; developed and maintained sales contacts, developed marketing strategies, and prepared proposals

Managed projects and field crews during the completion of over 100 condition assessment and remaining life studies for utilities throughout the United States, Canada, and Puerto Rico

Selected to manage company’s due diligence and acquisition team during the successful purchase of Southern California Edison plants for $800 million as well as other acquisition opportunities for AES.

Performing plant wear and tear cost studies from unit cycling operations to be used toward dispatch of units

Performed stress analyses skills to evaluate high energy piping systems using ANSI/ASME B31.1 Codes to locate suspected damaged areas for nondestructive examinations

Authored numerous technical reports involving various utility operations and received a Preferred Supplier award for excellent service.

EDUCATION

JOHN M. OLIN SCHOOL OF BUSINESS – WASHINGTON UNIVERSITY, St. Louis, MO

Master of Business Administration – Finance concentration

UNIVERSITY OF THE PACIFIC, Stockton, CA

Bachelor of Science in Mechanical Engineering

VILLANOVA UNIVERSITY – Project Management Certification

PERSONAL INTERESTS -Mason LAX Board, Youth Sports Coaching, Whiz Kids; MSBL baseball player

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