Bend, Or., USA - March 16, 2010, Bend, Or., USA - Vulcan Power Company announced that it has elected Linda Miller as independent director; and Michael Hamilton, Rick Rodgers and Barney Rush as common directors.
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Ms. Miller remains Chairwoman of the Finance Committee, and oversaw the successful closing of Vulcan's January 2010 $108 million equity funding. She is currently working with a team developing a portfolio of coal- and petroleum coke-fired gasification-related projects in the Midwest and Gulf Coast.
Ms. Miller worked for TECO Energy for 22 years, retiring in 2003, with her last position Senior Vice President Finance for TECO's independent power subsidiary. Her subsidiary and corporate positions over the years also included responsibility for capital raising, accounting, investor relations and funded benefits plans.
While there, Ms. Miller oversaw the issuance of billions of dollars of innovative project, corporate and tax-oriented financings, winning several industry awards for project finance "deals of the year". In addition to her role as Chairwoman of the Finance Committee, Ms. Miller sits on the Audit and Indemnification Committees.
Mr. Hamilton is the Chairman and Chief Executive Officer of MMC Energy. He is also the non-executive Chairman of the Board of MXenergy, Inc., a retail gas and electric marketing company with operations in 14 states in the U.S. and two Canadian provinces.
Prior to these assignments, Mr. Hamilton was a senior managing director at FTI Consulting, specializing in the energy industry, which he joined upon his retirement as a partner from PricewaterhouseCoopers LLP in 2003. He has been involved in virtually all of the utility and energy industry restructuring and bankruptcy situations since 1989.
Mr. Rush was CEO of H2Gen Innovations from 2003 through 2009, when the company was sold to Air Liquide and CB&I. H2Gen developed and manufactured hydrogen generators for the industrial gas and hydrogen energy markets, and gas purification and recycling equipment for various industrial and petrochemical applications.
Mr. Rush was previously CEO of Mirant Europe and Senior Vice President of Mirant Corporation, a leading electric power generator and energy marketer. While in Europe, Mr. Rush served as Chairman of the Board of two Mirant affiliates: Bewag, the integrated electric utility serving Berlin, Germany; and WPD, an electricity distribution company serving southwest England and southern Wales. ■