The PJM Board of Managers announced today that Andrew L. Ott will become PJM’s new president and CEO later this year when current CEO Terry Boston retires. Ott presently is PJM’s executive vice president of Markets. Boston had announced his plans to retire on Dec. 31, 2015.
“Andy is recognized internationally as a power industry leader and expert, and he will be an outstanding CEO for PJM and its stakeholders,” said PJM Board Chairman Howard Schneider. “The Board and I are confident that Andy will ensure the continued collaboration, trust and exceptional performance for which PJM is known and that he shares our commitment to reliable grid operations, fair and efficient wholesale markets and robust transmission planning.”
Ott will assume his new post following a transition period. During that time he will work closely with Boston and meet with PJM stakeholders including members, state and federal regulators, employees and industry leaders.
“I’m grateful and humbled by the trust that the Board has placed in me,” Ott said. “I can assure everyone that our core mission will be unchanged and that we will maintain open communications and the collaborative, productive relationships with members and stakeholders which are crucial to PJM’s success.”
In his 18 years at PJM, Ott has worked with members through the stakeholder process to create and adopt market rules and products to make the wholesale electricity market competitive, transparent and adaptable. He was responsible for implementation of the PJM wholesale electricity markets including the PJM Locational Marginal Pricing, Financial Transmission Rights, Day-Ahead Energy Market and Capacity Market systems. He also serves as a board member for PJM Technologies and PJM Environmental Information Services.
With a foundation in electrical engineering, Ott’s experience also includes working in operations, power system engineering and system planning.
Currently, he oversees Market Operations, Market Strategy, Member Training, State Relations, Customer Relations and Performance Compliance divisions.
Ott said he will continue working collaboratively with members, regulators and industry thought leaders to cultivate the grid of the future.