Former PJM executive brings wide range of experience in market innovation and design
Exelon today announced that it has named Mike Kormos as senior vice president of Wholesale Markets and Energy Policy, effective June 13. Kormos joins Exelon following a 27-year career with PJM, where he most recently served as executive vice president and chief operations officer.
In his new role, Kormos will be responsible for formulating and advocating for Exelon’s positions on energy and transmission bulk system policy planning, the development of effective wholesale energy markets, the company’s participation with the North American Electric Reliability Corporation and regional reliability councils, and cybersecurity and grid reliability issues.
“Mike brings extensive knowledge of wholesale electricity markets, which play such a critical role in our business,” said Joe Dominguez, Exelon executive vice president, Governmental and Regulatory Affairs and Public Policy. “His expertise in market innovation and design, including his deep experience at PJM, will strengthen Exelon’s policy efforts as we continue to advocate for market reforms that will benefit our customers, our communities and our company.”
Over his career at PJM, Kormos served as chair of the PJM Member Markets and Reliability Committee and worked in various leadership positions, including senior vice president of operations, reporting directly to the CEO. He served as chairman of PJM Environmental Information Services, a PJM subsidiary that developed a system to track the environmental attributes of various state programs. Among other roles, he also served as the executive sponsor for PJM’s Diversity and Inclusion Council.
In addition, Kormos served on several industry boards, including the Eastern Interconnection Planning Collaborative, ReliabilityFirst Corporation and Eastern Interconnect Data Sharing Network.
Kormos, who will report to Dominguez, holds a bachelor’s degree in electrical engineering from Drexel University, and an MBA from Villanova University.
Exelon Corporation (NYSE: EXC), now including the Pepco Holdings utilities, is the nation’s leading competitive energy provider, with 2015 revenues of approximately $34.5 billion. Headquartered in Chicago, Exelon does business in 48 states, the District of Columbia and Canada. Exelon is one of the largest competitive U.S. power generators, with more than 32,700 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Exelon’s six utilities deliver electricity and natural gas to approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Follow Exelon on Twitter @Exelon.
