New ElectricCities CEO makes $100K more

subscribe

The ElectriCities board of directors announced its new chief executive officer for the public power utility that serves Wilson and many other communities across the state.

The board of directors, which met in closed session in Raleigh, hired T. Graham Edwards of the Isle of Palms, S.C., for an annual salary of $530,000.

"I am thrilled about the opportunity afforded me to lead the ElectriCities organization," Edwards said. "There are many challenges facing the electric utility industry today and I am excited about the opportunity and look forward to working with the ElectriCities' board of directors, its staff, the commissioners of the two power agencies and the communities that ElectriCities serves."

Edwards replaces Jesse Tilton III who resigned in November after 13 years with ElectriCities. Tilton's resignation occurred following unrest from both public officials and ratepayers over recent rate hikes. Under his leadership, the wholesale cost of electricity increased by 14 percent in August 2008 and then rose another 4 percent in February. Tilton's salary was $436,283. His total compensation package, including 401K benefits and an automobile allowance, was $458,000.

Following Tilton's resignation, ElectriCities' interim CEO was Art Hubert, the organization's chief operating officer.

Edwards, who will start June 22, will oversee the management of ElectriCities' two public power agencies, the N.C. Eastern Municipal Power Agency, which includes Wilson and 31 other municipalities in the eastern part of the state, and the N.C. Municipal Power Agency, which services 19 municipalities in the Piedmont and western part of the state. The two power agencies provide electricity to more than 500,000 residential, commercial and industrial customers and manage annual revenues of $1.2 billion.

Edwards recently retired after serving as president and CEO of the Midwest Independent System Operator, in Carmel, Ind., from 2006 to 2009. He also served on the organization's board of directors since 2001 and became its chairman in 2005.

MISO, a nonprofit, provides open electric transmission access in 14 Midwest states and parts of Canada.

Edwards began his 23-year career in the public power utility industry with the South Carolina Public Service Authority, known as Santee Cooper. He was the CEO of Santee Cooper from 1993 to 2000. He also worked in several senior level positions, including executive vice president and chief financial officer. Santee Cooper, with annual revenues of $1.2 billion, serves South Carolina's rural electric cooperatives and two municipally owned utilities with electricity from co-owned nuclear and coal generating facilities.

"Graham brings ElectriCities a wealth of proven generation, transmission and competitive rate utility experience," said Strib Boynton. ElectriCities board chairman. "He is well recognized as a proven leader in the public power business."

Related News

globe

Is The Global Energy Transition On Track?

LONDON - Are we doing enough to save the planet? Silly question. The latest prognosis from the United Nations’ Intergovernmental Panel on Climate Change made for gloomy reading. Fundamental to the Paris Agreement is the target of keeping global average temperatures from rising beyond 2°C. The UN argues that radical measures are needed to meet that target.

Renewable power and electrification of transport are the pillars of decarbonization. It’s well underway in renewables - the collapse in costs make wind and solar generation competitive with new build coal and gas.

Renewables’ share of the global power market will triple by 2040 from…

READ MORE
The Collapse of Electric Airplane Startup Eviation

The Collapse of Electric Airplane Startup Eviation

READ MORE

Trump declares end to 'war on coal,'

Trump declares end to 'war on coal,' but utilities aren't listening

READ MORE

renewable power sources

UN: Renewable Energy Ambition in NDCs must Double by 2030

READ MORE

transalta-renewables

TransAlta brings online 119 MW of wind power in US

READ MORE