Vice President And Treasurer
Minneapolis, Mn
Led 30-person corporate treasury group responsible for cash management; bank and capital markets financing; interest rate risk management; insurance; pension and nuclear decommissioning trust investments; capital investment analysis; and long-term financial forecasting. Reported to CFO. Served on Corporate Executive and Risk Management Committees; Financial Council; Investment Review Committee; Financial Disclosure Committee; and Pension and Nuclear Decommissioning Trust Committees.Developed and executed multi-billion dollar debt and equity financing plans, and advanced major business initiatives that achieved significant credit rating upgrades from Moody’s, S&P and Fitch for all operating companies and the holding company resulting in lower corporate cost of capital.Issued all corporate capital, including syndicated revolving credit facilities, commercial paper, senior notes, hybrid securities and common equity to maintain liquidity and a balanced corporate capital structure. Provided expert testimony regarding capital structure, cost of capital and financial policy in all state regulatory jurisdictions, including Colorado, Minnesota, Wisconsin, Texas, New Mexico, North Dakota, and South Dakota. Achieved strong equity ratios at operating companies providing foundation for balance sheet strength and long-term corporate earnings growth.Restructured master pension trust into a unit structure enabling unique asset allocations for four separate pension plans. Oversaw a liability-driven investment strategy for the pension and nuclear decommissioning trusts. Plan resulted in reduced risk by lowering funded status volatility. Acted as coordinating officer for Board Finance Committee. Presented proactive recommendations for annual capital budgets; financing strategies; dividend policy; pension and nuclear decommissioning trust investment strategies; corporate insurance and risk management programs to support key corporate financial decisions.