PG&E Corporation Appoints New President and COO of U.S. Generating Company

Strategic Insights -

PG&E Corporation's Chairman, CEO, and President Robert D. Glynn, Jr. announced the appointment of P. Chrisman "Chris" Iribe as President and Chief Operating Officer of U.S. Generating Company (USGen), the Corporation's power generation subsidiary. This appointment comes after the October 3rd death of USGen's founding President Joseph P. Kearney. Iribe will head USGen from the company's Bethesda, Maryland headquarters, reporting directly to Glynn. Iribe brings extensive experience in the energy industry, having joined USGen from Coastal Corporation and holding various positions in the predecessor agencies to the U.S. Department of Energy and the Executive Office of the President.

Key Takeaways:

  • P. Chrisman "Chris" Iribe has been appointed President and Chief Operating Officer of U.S. Generating Company (USGen), effective November 1, 1998.
  • Iribe has been with USGen since its inception in 1989 and has served in various leadership positions, including senior vice president of ANR Pipeline Company.
  • The appointment comes after the October 3rd death of USGen's founding President Joseph P. Kearney.
  • Iribe will head USGen from the company's Bethesda, Maryland headquarters and will report directly to PG&E Corporation's Chairman, CEO, and President Robert D. Glynn, Jr.
  • The leadership position is expected to continue the standards of excellence established by Joseph P. Kearney.
  • Iribe brings extensive experience in the energy industry, having held positions in the predecessor agencies to the U.S. Department of Energy and the Executive Office of the President.
  • USGen is one of the nation's largest and most successful power generation companies, owning and managing a 31-plant, 7,500-megawatt power plant portfolio with a capital investment of more than $5 billion.

Statistics:

  • 1997 revenues of PG&E Corporation exceeded $15 billion.
  • Assets of PG&E Corporation approximate $30 billion.
  • Capital investment in USGen's power plant portfolio exceeds $5 billion.
  • USGen's power plant portfolio consists of 31 plants with a total capacity of 7,500 megawatts.

Sources:

  • Business Wire, "PG&E Corporation Announces Appointment of Chris Iribe as President and Chief Operating Officer of U.S. Generating Company," October 29, 1998.
  • PG&E Corporation, Internet site at www.pgecorp.com.