ANDREW M. SERRI 213 Wyndharbor Court Wentzville, MO 63385 701-202-2372 E-mail: Serriholdings@charter.net SENIOR EXECUTIVE / ENERGY & OPERATIONS Utility / Power Industry Proven ability to create shareholder value, identify and exploit business opportunities, as well as establish and maintain market share in the utility and power industry. Devise and implement solutions to a wide range of business challenges in areas such as operations, trading and marketing, engineering and environmental compliance. Drive change, achieve objectives and effectively manage projects in both corporate and government environments. Effective and persuasive communicator who connects well with multiple stakeholder groups and is comfortable operating in competitive or regulated markets. Has a strong knowledge of financial markets, power generation, long term cross-commodity structured transactions, commercial operations, energy markets, trading and risk management, fuel supply management and regulatory issues. Highly skilled in corporate planning, engineering, budgeting, and the marketing/delivery of products and related services. Effective and experienced leading teams and individuals in a matrix managed organization as well as traditional line / staff structure. MASTER of BUSINESS ADMINISTRATION Franklin University, Columbus, OH BS in AGRICULTURAL (ENVIRONMENTAL) ENGINEERING The Ohio State University Ohio Engineering Intern Certificate (EIT) EXECUTIVE PERFORMANCE INDICATOR Extensive experience with power markets; established key contacts throughout the Eastern Interconnect combined with detailed knowledge and expertise in transmission systems. Extensive experience in plant operations and portfolio management. Background in corporate M & A activity to include evaluation, bid preparation, financing, and forecasting, as well as the entire acquisition integration process. Strong analytical, planning, and organizational structuring expertise; developed comprehensive strategies and business plans leveraging assets to maximize return to shareholders. Mold dynamic leadership and business acumen in both trading and marketing to produce positive results while minimizing risk in changing market conditions. Proven boardroom experience in the area of audit and risk management; in both forprofit and non-profit environments.
Professional Experience Energy Industry Consultant Feb 2014 Present Providing customized consulting services to various entities with a focus on the energy sector in the United States. Specializing in the development of comprehensive strategies in marketing, transmission, generation development, trading, business development, and risk management activities for the U.S. energy industry. Zerronox Corporation, Chicago, IL Vice President of Business Development Jan 2015 Present Zerronox Corporation is a technology company addressing the market for emissions abatement from power plants and other energy generated sources. Our mission is to commercialize the pulsed electron beam (PEB, technology developed at the Naval Research Laboratory) process and use it as a platform technology to cost effectively remove nitrogen oxides (NOx), carbon dioxide and other exhaust stream emissions. We are the first and only company to offer patented PEB systems for the abatement of emissions from coal-fired power plants and other combustion-based energy sources such as gas and diesel turbines. The Company was formed to provide a singular solution to economically overcome these air quality issues. Basin Electric Power Cooperative, Bismarck, N.D. CEO & General Manager Nov 2011 Jan 2014 President & CEO Dakota Gasification Company President & CEO Dakota Coal Company President & CEO BTI Telecommunications Company President & CEO Prairie Winds ND & SD Responsible for the overall financial and operational performance of one of the largest cooperatives in the United States serving nearly 2.9 million consumers over a nine state area. This service territory includes the fastest growing region of the U.S.; the Bakken oil fields located in Eastern Montana and Western North Dakota. This includes the Great Plains Synfuels plant located in Beulah, North Dakota; the Synfuels Plant is the only commercial-scale coal gasification plant in the United States that manufactures natural gas and various co-products. Established a comprehensive enterprise wide risk management program for Basin Electric and each of its subsidiaries. Created and setup a commodities trading department to effectively manage risk and to optimize the various assets and products of the cooperative and its subsidiaries. Developed over $2.0 billion of new transmission (over 250 miles of 345KV and 100+ miles 115KV) and generation (two new power stations, including 6-GE LM6000 CTG s) infrastructure to serve the fast growing needs of the Eastern Montana and Western
North Dakota oil fields. Instrumental in maintaining a solid long-term senior secured bond rating from Moody s of A-1, a senior secured long-term bond rating of A+ from Fitch Ratings and a long-term secured bond rating from Standard & Poor s of A, all three included a stable outlook during this time of rapid growth. AMEREN CORPORATION, St. Louis, MO President & CEO, Ameren Energy Marketing Aug 2005 to Nov 2011 Vice President, Ameren Energy Marketing (Jan 2000 to Aug 2005) Vice President, Trading & Marketing, Ameren Services (Nov 2002 to Aug 2005) Established and developed the unregulated marketing subsidiary for Ameren Corporation to include the formation of an unregulated Genco to position new and existing generation assets in Midwest wholesale markets and newly opened retail markets in Illinois and Ohio. Developed and implemented all guidelines, procedures and policies to address: credit, risk management, legal, front, mid and back office activities. Created a comprehensive program focusing on the optimization of the merchant assets across all areas of the enterprise; including generation, engineering, planning, fuel procurement, and trading and marketing. Through effective sales and hedging programs, Ameren Energy Marketing generated over $2 billion in annual revenue for Ameren Corporation since 2005 and recently contributed nearly 57% of Ameren s earnings in 2008 and 45% in 2009. Worked with Genco to develop / install and successfully market nearly 2200MW of new gas fired and 4400MW of existing base load generation throughout the Midwest market area (MISO, PJM, and SPP). Served as a key member of the merger and acquisition team completing the integration of CILCO (acquired from AES) and Illinois Power (acquired from Dynegy) into the Ameren system. Responsible for all marketing and trading of unregulated assets throughout the Midwest, including the overseeing of all required transmission agreements and memberships in participating control areas and RTO s. Created and implemented a complete business plan / strategy to insure the most advantageous commercial position for Ameren s generation assets. Developed a comprehensive marketing plan targeting Municipals and Cooperatives customers located throughout the Midwest and the South. Marketing creative energy and capacity solutions to meet the needs of wholesale and retail customers located in the MISO and PJM RTO s. Marketed control area products and services that include; risk management, scheduling services, credit management and pricing/analysis options. PROGRESS ENERGY Raleigh, NC Jan 1998 to Jan 2000 Section Manager, Wholesale Trading & Marketing Established management and operating structure for CP&L s Wholesale Power Department. Created and implemented policies for trading, credit, risk management,
legal, front, mid and back office activities for all merchant areas. Overall responsibility for the marketing, trading, business development, and asset risk management activities for the eastern U.S. Responsible for bid strategy, load forecast, unit commitment, dispatch and hedging for all electric generation assets in the Mid- Atlantic and Midwest. Established the overall strategic direction for trading and marketing, developed long- and short-term plans and aligned the organization to effectively execute and achieve rapid growth, while delivering positive results, increasing shareholder value and keeping the Board informed. Assisted in the integration of gas trading activities and developed a strategy to maximize all assets based on a total BTU market approach. As a member of the corporate risk management committee, provided weekly/monthly trading and marketing reports to CFO and other senior management; assisted in merger activities as they relate to wholesale energy markets. Created a comprehensive marketing and trading strategy to transition CP&L from a regional utility to a national energy company by expanding into the Florida power markets with the acquisition of Florida Power Corporation. Mobilized and optimized the performance of two integrated electric utilities and two natural gas marketing and trading organizations. AMERICAN ELECTRIC POWER, Columbus, OH June 1980 to Jan 1998 Fast track career earmarked by promotions to positions of increased responsibility Manager, Marketing & Trading (1996-1998) Established and operated merchant function to market AEP s System Generation in short and long-term energy markets. Setup and administered operating budget including equipment specifications, operating software and telephone systems. Recruited and managed real time trading staff. Maintained customer relations and negotiated buy / sell contracts; marketed bulk power ranging from one day to multi-year contracts, and performed administrative and contract maintenance on all new and existing agreements. Ensured compliance to code of conduct requirements for FERC Orders 888 & 889. Performance Engineer/ Shift Engineer (1980-1996) Supervised maintenance shift personnel to provide 24/7 coverage along with craft personnel to assist in the actual performance of the maintenance/corrective work. Focused on improving unit availability, capacity factor, and efficiency of power generating assets utilizing performance software, contractor services and training to achieve targeted results. Provided support to the plant operations for project-specific safety issues and the collection of safety statistical data from various departments to assemble and communicate data for company reports. Provided input and support for the development of plant-specific safety manuals, coordinated the review processes and developed final products for senior management approval. Provided for the utilization of AEP System's generation and transmission facilities to produce
and transmit power at the most economical cost on a reliable / continuous basis. Prepared forecasts of system load requirements for peak and minimum periods based on projected weather conditions and internal load trends; source, price, negotiate, and marketed bulk power sales to neighboring electric utilities. Directed loading of all generating units to obtain the most economical utilization while minimizing production costs. Communicated with interconnected companies to continually monitor transmission-loading status to implement interchange scheduling opportunities and detect contingency and / or stability problems. Coordinated use of system generation, interconnection facilities, and emergency resources during system emergencies, including the buying / selling of power and discontinuance / restoration of interruptible loads. Provided monthly technical and engineering instruction to all control room personnel. Performed unit commitment and sales forecast for AEP system. Board Associations Western Fuel Association (2011-2014) Western Fuels is a not-for profit cooperative that supplies coal and transportation services to consumer-owned electric utilities throughout the central United States. Board Member Electric Energy Inc. (EEI) (2005 2011) EEI is a jointly owned 1000 MW coal fired independent power producer. Board Member Energy Risk Assurance Company (ERAC) (2007 2011) ERAC is privately held risk Management Corporation. Board Member Missouri Slope United Way (2011-2014) United Way chapter located in Bismarck, N.D. Board Member Arts and Education Council of St. Louis (2006 2011) Founded in 1963, the Arts and Education Council is the only privately funded non-profit organization that benefits the 16 county bi-state area of greater St. Louis (Chair of Development Committee). Board Member USO of Missouri, INC. (2006 2012) The USO of Missouri is a private, non-profit organization, whose mission is to support our troops by providing morale and recreation-type services to our military personnel and their families. Board Member Operation Food Search, St. Louis. (2010 2011) Operation Food Search is a St. Louis area food bank that distributes food free of charge to feed the poor and hungry. Board President Missouri Gators Booster Club, St. Louis. (2015 Present) Missouri Gators Booster Club is a St. Louis area 501(c) organization that helps fund and sponsor baseball for boys and girls in the greater St. Louis area.