Stephen P. (Steve) Reynolds *, Chairman, President and
Chief Executive Officer of Puget Energy and Puget Sound Energy
James W. Eldredge *, Vice President, Controller and
Chief Accounting Officer Puget Energy and Puget Sound Energy
Don Gaines *, Vice President of Finance and
Treasurer
Eric M. Markell *, Executive Vice President and
Chief Financial Officer Puget Energy and Puget Sound Energy
Jennifer L. O'Connor *, Senior Vice President, General Counsel, Corporate Secretary and Chief Ethics and Compliance Officer Puget Energy and Puget Sound Energy
Stephen P. Reynolds
Stephen P. Reynolds is chairman, president and chief executive officer for Washington-based Puget Energy (NYSE: PSD), a Fortune 1000 company, and its utility subsidiary, Puget Sound Energy (PSE).
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Under Reynolds’ leadership, Puget Energy has strengthened its financial health by concentrating on its core business: retail utility service within a regulated environment. Central to this goal, in today’s volatile energy marketplace, is PSE’s strategy of meeting the energy needs of its growing customer base through incremental, cost-effective energy conservation, low-cost procurement of sustainable energy resources, and far-sighted investment in the energy-delivery infrastructure.
PSE has also become an industry leader in renewable energy and promoting energy efficiency practices. The company owns two wind energy facilities and is developing the largest solar facility in the Pacific Northwest.
Reynolds has three decades of experience in both the natural gas and electric power business, including significant accomplishments in energy matters at the state and federal levels in North America and internationally. He was formerly CEO of Reynolds Energy International and served for 10 years as CEO of Pacific Gas Transmission Company of Portland, Oregon.
He currently serves on Governor Christine Gregoire’s Climate Advisory Team and served on Gregoire’s Priorities of Government guidance team in 2006 and Global Competitiveness Council in 2005.
Reynolds is also committed to strengthening company relationships with customers, regulators, industry peers, employees, and other key constituencies. In addition to his responsibilities with Puget Energy and PSE, Reynolds serves on the boards of directors for: ArtsFund; The 5th Avenue Theatre; The Nature Conservancy of Washington; Washington Roundtable; Green Diamond Resources Company; Intermec, Inc.; the Edison Electric Institute; and the American Gas Association.
A California native, Reynolds has a bachelor’s degree in Economics from the University of California-Berkeley, and a master’s in Business Administration from the University of Oregon.
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James W. Eldredge
James W. Eldredge is vice president, controller and chief accounting officer for Washington-based Puget Energy (NYSE: PSD),
a Fortune 1000 company, and its utility subsidiary Puget Sound Energy (PSE). Since joining the company in 1973, Eldredge has held several key management positions within Finance, including controller,
corporate secretary, manager of Budgets and Corporate Planning, manager of Internal Audit and manager of Accounting.
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He is a member of the board and
an officer of Puget Western, Inc., and an officer of PSE Funding, Inc., both PSE affiliates.
In addition to his responsibilities at PSE, Eldredge is a member of the Audit Committee of the YMCA of Greater Seattle. He is active
in several professional organizations, including chairman of the Chief Accounting Officers Committee of the American Gas Association,
Chief Accounting Officers Committee of the Edison Electric Institute, member and past president of the Washington State Chapter,
Financial Executives Institute, and treasurer of Pacific Northwest Chapter, Society of Governance Professionals and Corporate Secretaries.
A Seattle native, Eldredge has a bachelor's degree in Business Administration with a concentration in Accounting from the University of Washington.
He is married and has three grown children.
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Don Gaines
Donald E. Gaines is vice president, Finance, and treasurer for Puget Energy (NYSE: PSD), a Fortune 1000 company, and its subsidiary utility, Puget Sound Energy (PSE).
Gaines is responsible for traditional treasury functions (capital structure management and access to capital), as well as financial analytics, taxes and budgeting
processes. He is chairman of the company's qualified plans committee, the group that oversees approximately $750 million in qualified retirement and investment plan assets.
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Gaines is a member of the energy management committee, which approves and reviews power and gas hedging strategies. He is a board member, president and treasurer
of PSE Funding, Inc., a PSE-affiliated company. In 2006 he became a founding director and secretary of the Puget Sound Energy Foundation established that year.
Gaines, who joined PSE in 1981, previously served several key financial roles within the company, including manager of Financial Planning, director of Strategic
Planning, and treasurer. His work has focused on arranging financings and maximizing financing efficiencies of the company.
In addition to his responsibilities with Puget Energy and PSE, Gaines is a founding member of the Pacific Lutheran University Business Network (originally called
PLUS Business) and is on the advisory board of the university's School of Business. He is a member of the board of trustees of Washington's National Park Fund.
The Washington state native has an associate arts degree from Tacoma Community College, a bachelor's degree from the University of Puget Sound, and a master's
degree in Business Administration from Pacific Lutheran University.
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Eric M. Markell
Eric M. Markell is executive vice president and chief financial officer for Washington-based Puget Energy (NYSE: PSD), a Fortune 1000 company, and its utility subsidiary
Puget Sound Energy (PSE). Named CFO in May 2007, Markell was previously senior vice president of Energy Resources where he was responsible for identifying PSE's requirements
for new energy resources and acquiring the resources for both short- and long-term customer needs.
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With 20 years of experience in the utility and energy industry, Markell is also responsible for Regulatory Policy. He joined the company in 2002 as vice president, Corporate Development and is a director of the board of Puget Western, Inc., a PSE-affiliated company.
Prior to joining PSE in 2002, Markell was CFO of Club One, Inc. in San Francisco, Calif. He has also served as vice president and CFO of United American Energy Corp., a private independent energy company based in Woodcliff Lake, N.J., specializing in special situation investing and turnaround management of distressed energy companies. Markell is a past treasurer and controller of Central Hudson Gas & Electric Corporation, a New York state investor-owned utility. Prior to joining Central Hudson he was vice president and treasurer of the New York State Energy Research & Development Authority, a public benefit corporation active in utility finance and energy research and development.
In addition to his responsibilities at PSE, Markell is a director, member of the Committee on Finance, and chair of the Committee on Audit, the United Way of King County. He is also a past director of local chapters of the American Red Cross, the American Cancer Society and a past director of the Dutchess County Arts Council in New York state.
Markell has a bachelor's degree with distinction in Economics from Union College, Schenectady, N.Y., and a master's of Public Administration degree from The Maxwell School, Syracuse University.
He is married and has four children.
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Jennifer L. O'Connor
Jennifer L. O'Connor is senior vice president, general counsel, corporate secretary, and
chief ethics and compliance officer for Washington-based Puget Energy (NYSE: PSD), a Fortune 1000 company, and its
utility subsidiary, Puget Sound Energy (PSE). With more than 20 years of legal experience, O'Connor is responsible for the corporate legal and environmental services
departments.
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She is an advisor to the board of directors and senior management on areas including corporate and
securities law, business transactions, litigation, environmental, compliance, labor and employment, real estate, and
general commercial law. O'Connor joined the company in 2003 as vice president and general counsel. In 2006 she became a founding director of the
Puget Sound Energy Foundation established that year.
Prior to joining PSE, O'Connor was interim general counsel at Starbucks Corporation, where she held positions within the
office of general counsel for seven years. She also worked in the legal department at Honda of America Mfg., Inc. in
Ohio. She was also a litigator in private practice at Squire Sanders & Dempsey in Columbus, Ohio, and at Tobin & Tobin in
San Francisco.
In addition to her corporate responsibilities, O'Connor is a member of the board and treasurer of KUOW/Puget Sound Public
Radio; a member of the Edison Electric Institute's Legal Affairs Committee; a board member of the LAW Fund and the
Campaign for Equal Justice (legal aid for Washington); and serves on the Investment Committee, University Unitarian
Church.
O'Connor has a bachelor's degree cum laude from the University of California at Los Angeles and a juris doctor degree
from the Hastings College of Law, University of California.
She is married and has two children.
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