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10/31/2019

PPM Energy Names Two New Officers

PPM Energy Names Two New Officers

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September 15, 2006

PORTLAND, Ore. - PPM Energy, Inc., ScottishPower's (NYSE: SPI) competitive US energy business, has created two new executive positions to support its growing business. Deborah Gronvold will now serve as vice president/treasurer, and Barrett Stambler will serve as vice president/Renewable Origination.

Deborah Gronvold has more than 17 years in the energy business (with PPM Energy, Sithe Energies, Edison Mission Energy), and eight years in investment banking (with Security Pacific Merchant Bank and Chase Manhattan Bank). Gronvold assumed responsibility for PPM Energy's treasury functions before the sale of its former affiliate PacifiCorp and will continue to be responsible for PPM Energy's corporate finance operations functions, including relationship management for ratings agencies, banking and investment banking organizations. She has most recently played a key leadership role in PPM Energy's first and second rounds of Wind Power Portfolio financings. Gronvold holds a B.A. in Business Administration from the University of Wisconsin, and an M.B.A. in Finance from New York University/Stern School of Business.

Barrett Stambler has more than 20 years of experience in the renewable energy business with PPM Energy, PacifiCorp, U.S. Windpower, Calpine, and the U.S. Department of Energy. Stambler has most recently served as PPM Energy's managing director of renewable origination and will continue to oversee PPM Energy's wind sales and marketing activities in his new role expanding PPM Energy's customer relationships across North America. He has been integral in PPM Energy's wind power business from its earliest days, including the company's first-ever power purchase agreement for Stateline Wind Energy Center in 2001. Stambler holds a B.A. from Pomona College and an M.B.A. from Yale University.

PPM Energy (www.ppmenergy.com) now has nearly 1,800 megawatts of wind energy in operation or under construction. The strength of its renewable project pipeline has allowed the company to increase its 2010 target by more than 50 percent to at least 3,500 megawatts developed or controlled by PPM Energy. PPM Energy balances its supply portfolio with sales to wholesale customers, placing almost all of its output in long-term contracts. Major customers include the cities of Seattle, Sacramento, Eugene, Pasadena, and Anaheim as well as investor-owned utilities such as Xcel Energy and Pacific Gas & Electric Company and the federal Bonneville Power Administration. PPM Energy also creates innovative new products to meet customer needs, such as operations and maintenance services and build-own transfers.

About Avangrid

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital in 2021, 2022, 2023 and 2024 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

 

About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.

With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.

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