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Over thirty years in the energy industry in positions of increasing responsibility up to C-level. Includes six years as an executive for a retail electric provider in which the company was successfully turned around from the brink of bankruptcy to being extremely profitable (eventually sold for $300 million). Thirteen years of trading and portfolio management experience for another energy retailer, an investment bank, and a large independent power producer. Managed profitable speculative trading books; deal flow books; a large portfolio of generation assets and structured contracts; and retail power portfolios consisting of both residential and C&I customers. Have a thorough understanding of markets in ERCOT, PJM, WECC, and NYISO. Managed teams of traders and portfolio managers with significant P&L responsibility. Approximately two years of management consulting and financial advisory experience for a professional services firm – focused mainly on mergers and acquisitions; commodity hedging and trading practices; and risk management processes and procedures. Five years of broad-based petroleum engineering experience.
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Wholesale Operations And RiskLightHouston, Tx, Us -
Wholesale Operations And RiskLight Energy Oct 2024 - Present
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Ceo & Managing MemberBlaster Energy Solutions, Llc Mar 2021 - PresentThe Woodlands, TxProvide management consulting services to the energy industry. Focus is on commodity risk management, expert witness services, wholesale procurement strategies, and credit facility negotiation for retail energy companies.
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Executive Vice President And Chief Wholesale OfficerStream Energy Oct 2013 - Aug 2019Dallas, TxMember of the executive team that negotiated the sale of the company to NRG for $300 million in August 2019. Primary responsibility was to oversee the department that managed all wholesale power, gas, and REC obligations of the company. Supervised the Wholesale Operations staff, hedging strategies, quantitative models, and counterparty trading relationships. -
Energy Risk Management ConsultantStream Energy Mar 2013 - Sep 2013Dallas, TxProvided risk management consulting services with a focus on risk policies and procedures, assistance in negotiating with potential credit providers, as well as educating the client on appropriate hedging strategies for the company's risk tolerance. -
Vice President - Hedging & StrategyMp2 Energy Llc Feb 2011 - Jan 2013The Woodlands, TxManaged a retail commercial and industrial power portfolio in ERCOT. Provided strategic direction for the long-term risk mitigation for the company. Responsible for determining and executing all wholesale gas, power, and REC transactions necessary to appropriately hedge risks in the book. Provided up to date wholesale pricing to the sales group so they could provide accurate retail pricing to customers. Supplied market intelligence to the entire company as well as customers. Responsible for keeping abreast of regulatory changes that could have an effect on the company. -
Executive DirectorJpmorgan Jun 2006 - Sep 2010Actively traded a profitable power and natural gas book in the western U.S. Worked very closely with originators, marketers, and structuring personnel in order to facilitate structured commodity transactions and customer deal flow. -
Director, Merchant EnergyCalpine Feb 2001 - May 2006Actively traded a speculative book encompassing all of the western power and gas markets. Managed a large portfolio of generation assets, options, and structured transactions in California, Arizona, Nevada, Oregon, Washington, Colorado, and Alberta. Worked with a team of originators in order to facilitate large structured transactions that helped optimize the portfolio. Presented hedging plans and strategies to the Risk Management Committee on a quarterly basis. -
Management ConsultantPricewaterhousecoopers Jan 1999 - Feb 2001Provided strategic advisory services to energy clients of all sizes. Supplied recommendations for risk management procedures as well as performance improvement opportunities. Evaluated energy commodity hedging and trading practices and educated clients on the use of risk management tools. Provided financial modeling and valuation services for acquisitions as well as divestitures of non-strategic assets. -
Petroleum EngineerSonat Exploration Company May 1993 - May 1998Rotated through three petroleum engineering disciplines during a five year period. Completed rotations in the Facilities Engineering Department for the Gulf of Mexico Business Unit; the Drilling Engineering Department for the Gulf of Mexico and Gulf Coast Business Units; and the Production Engineering Department for the South Texas Business Unit.
Jake Hadix Skills
Jake Hadix Education Details
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Finance -
Petroleum Engineering
Frequently Asked Questions about Jake Hadix
What company does Jake Hadix work for?
Jake Hadix works for Light
What is Jake Hadix's role at the current company?
Jake Hadix's current role is Wholesale Operations and Risk.
What is Jake Hadix's email address?
Jake Hadix's email address is ja****@****eam.com
What is Jake Hadix's direct phone number?
Jake Hadix's direct phone number is +183223*****
What schools did Jake Hadix attend?
Jake Hadix attended Rice Business, Colorado School Of Mines.
What skills is Jake Hadix known for?
Jake Hadix has skills like Commodity Markets, Natural Gas, Energy, Risk Management, Trading, Hedging, Energy Markets, Financial Modeling, Commodity, Energy Industry, Options, Portfolio Management.
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