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Leadership Transition at PNGC Power
Reiten accepts position at Pacific Power
Kathi VanderZanden, PNGC Power, 503-288-5561
Portland, OR - 08/17/2006 - PNGC Power, a prominent Northwest energy services cooperative, today announced that President and CEO, Patrick Reiten, will be leaving the company on September 15, 2006.
Reiten is leaving in order to accept the position of President of Pacific Power, an electric distribution utility serving approximately 700,000 customers in Oregon, Washington and California.
"PNGC Power gave me great opportunities - I couldn’t have asked for a more rewarding experience. It is important to embrace new challenges and new opportunities and to continue to play a role in serving the interests of the region," said Reiten.
Dee Reynolds, Chairman of the Board of Directors of PNGC Power, said, "Pat was instrumental in creating PNGC Power as it exists today. He led the organization through challenging times in the energy industry and provided the leadership to position us to meet our power supply needs in the future. We wish him well as he opens this exciting next chapter in his career."
PNGC Power’s Board of Directors expects to appoint an interim President and CEO before September 15. Reiten will remain available to PNGC Power in an advisory capacity for the purposes of assisting the company in its transition.
About PNGC Power
PNGC Power is a Portland-based electric power services cooperative owned by 15 Northwest electric distribution cooperative utilities with service territory in seven western states. The company creates value for its member systems by providing sophisticated power management, technical innovation and cutting edge customer services and products. It employs state-of-the-art risk and portfolio management techniques, real-time scheduling capabilities and market access, a substantial meter data management system, and a variety of technical services focused on maintaining low-cost and reliable power service. PNGC Power is a top aggregator of geographically diverse loads in the region and became the first electric cooperative in the country to receive a power marketing license from the Federal Energy Regulatory Commission. As a major preference customer of the Bonneville Power Administration, PNGC Power also devotes considerable efforts and expertise on northwest policy development and implementation.
More information about PNGC Power can be found at www.pngcpower.com