Philip Dipastena

Philip Dipastena Email and Phone Number

Market Risk Manager at Denton Municipal Electric @ Denton Municipal Electric
Philip Dipastena's Location
Aubrey, Texas, United States, United States
Philip Dipastena's Contact Details
About Philip Dipastena

Established power supply manager with experience with broad range of energy planning, financial management and energy procurement activities, including power plant siting, regulatory analysis, transmission planning and coordination of interconnection facilities to provide gas and electric service to major commercial and industrial customers. Expert at interconnecting independent power projects to the electric grid. • Direct involvement with over 400 projects capable of producing over 20,000 MW, enough power to supply about 14 million homes. • Pioneer in tailoring power contracts and operating agreements to fit unique characteristics of renewable energy projects, including wind, solar, hydro, biomass, landfill gas and solid waste.Experience helping commercial and industrial customers lower their energy costs through• Reassessing operating processes, • Installing more efficient infrastructure and smarter control equipment, and• Aggregate accounts to take advantage of more favorable utility ratesExperience managing full range of energy operations.• Managed startup of commercial operations departments at public and investor-owned utilities in California and Texas, including front, middle and back office functions.• Implemented comprehensive reporting systems to continuously track and explain changes in market positions and credit risk for portfolios that include gas, electric and transmission assets, market purchases and long-term power contracts.• Developed and managed risk oversight programs at municipal and investor-owned utilities in California and Texas, as well as at the regional ISO/RTO level. • Developed and supported forward-looking statistical models to quantify market and credit risk.• Project manager for custom energy accounting systems to support wholesale trading activities. • Managed commercial operations group that produced invoicing and billing for energy sales.

Philip Dipastena's Current Company Details
Denton Municipal Electric

Denton Municipal Electric

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Market Risk Manager at Denton Municipal Electric
Philip Dipastena Work Experience Details
  • Denton Municipal Electric
    Market Risk Manager
    Denton Municipal Electric Jun 2023 - Present
    Manage all middle office functions to support DME energy trading group, including the implementation and configuration of risk management systems and tools, development and administration of controls and governance processes, and the management of credit risk and negotiation of contracts and enabling agreements to support hedging activities,
  • Denton Municipal Electric
    Senior Risk Control Analyst
    Denton Municipal Electric Mar 2014 - Jun 2023
    • Develop and manage governance & oversight processes, including operating procedures for energy trading department ("business within a business") that saved the City on average $13 million a year for the past 6 years of operation.• Ensure that energy trading department appropriately undertakes and documents governance activity, and that business processes are in place to drive correct organizational behaviors (risk, control, action & accountability).• Negotiate and administer a variety of energy contracts and enabling agreements to facilitate wholesale market operations and hedging activities, including EEI, ISDA and NAESB master agreements.• Analyze financial statements and perform independent assessments of counterparties and current market conditions to provide objective financial exposure analysis and proactive identification of market and credit risk issues to senior management and internal clients.• Coordinate development of electric and natural gas hedging strategy for native load, renewable resource portfolio and City-owned generation.• Develop energy tracking mechanisms, modeling methods and modeling tools to assist senior management in understanding hedging activities and financial exposures related to wholesale energy trading activities.
  • Denton Municipal Electric
    Consultant
    Denton Municipal Electric Nov 2013 - Mar 2014
    • Develop risk control policies and guidelines to support new energy commodity trading program
  • Erisk Analytics
    Product Development | Professional Development Training | Decision Analysis | Risk Modeling
    Erisk Analytics 2011 - Nov 2013
    Develop programs to train managers how to recognize, quantify and objectively explain the uncertainties built into the forecasts, assumptions and analytics used in strategic planning and key business decisions. Develop risk control policies and guidelines to support energy commodity trading programs, including development of enabling agreements for power purchases.
  • Capricorn Systems
    Risk Analyst | Energy Trading | Commodities | Risk Control | Electric | Natural Gas
    Capricorn Systems Mar 2013 - Jul 2013
    Tucker, Georgia, Us
    • Developed and tested training program for new hires to successfully integrate them into daily risk reporting operations within the first month of joining the department.• Enhanced existing business processes to increase accuracy and timeliness of daily reports.• Managed company’s natural gas trading futures and basis books to optimize trading strategies.
  • Electric Reliability Council Of Texas
    Enterprise Risk Manager | Program Development | Risk Culture | Risk Reporting | Internal Controls
    Electric Reliability Council Of Texas Jul 2007 - Mar 2011
    Taylor, Tx, Us
    • Developed and implemented a program to identify and manage enterprise-level business risks to ensure accountability and improve chances for achieving company goals and objectives.• Integrated risk management program into annual budgeting and strategic planning cycle.• Facilitated monthly meetings with Executive Management and Board of Directors to review risk mitigation plans and management policy compliance issues.• Developed forward-looking credit exposure model and helped stakeholder groups improve their understanding of exposure to credit defaults of market participants.• Developed employee risk awareness program.• Significantly enhanced risk reporting package provided monthly to ERCOT Board of Directors.
  • Pacific Gas & Electric
    Credit Risk | Risk Reporting | Energy Trading | Middle Office | Natural Gas | Electric Transmission
    Pacific Gas & Electric 2002 - 2007
    Oakland, California, Us
    Designed and implemented comprehensive reporting system to continuously track and explain changes in market and credit risk for a portfolio of over $4 billion in gas, electric and transmission assets and contracts.
  • Pacific Gas & Electric
    Risk Management | Energy Trading | Project Management | Governance | Front Office
    Pacific Gas & Electric 1999 - 2002
    Oakland, California, Us
    Directed the startup of a $500 million energy trading department to hedge electric commodity price risk.
  • Pacific Gas & Electric
    Risk Management | Energy Settlements | Back Office | Project Management | Financial Analysis
    Pacific Gas & Electric 1997 - 1999
    Oakland, California, Us
    Managed startup of $1 million accounting system. Directed a team of business users and programmers to develop and implement an accounting/settlements system to support energy scheduling and trading activities.
  • Pacific Gas & Electric
    Contract Negotiations | Generation Planning | Regulatory Analysis | Financial Analysis
    Pacific Gas & Electric 1985 - 1997
    Oakland, California, Us
    Negotiated long-term wholesale power contracts. Provided expert testimony to state regulatory commissions on independent power issues. Created specialized financial models to evaluate costs and benefits of long-term power contracts.
  • Pacific Gas & Electric
    Energy Management | Marketing Services | Sales | Financial Anaysis | Project Manager
    Pacific Gas & Electric 1980 - 1985
    Oakland, California, Us
    Managed relationships with industrial/large commercial customers and local public agencies. Launched startup of program to interconnect 3rd party generation to PG&E electric grid. Managed new service needs of major industrial and large commercial customers. Provided energy audit services to commerical and industrial customers.

Philip Dipastena Skills

Energy Risk Management Energy Markets Renewable Energy Financial Modeling Commodity Markets Analysis Contract Negotiation Solar Energy Energy Management Natural Gas Start Ups Energy Efficiency Financial Risk Enterprise Risk Management Risk Analysis Electricity Markets Energy Policy Electric Power Risk Modelling Energy Analyst Clean Energy Wind Energy Credit Risk Wind Business Process Trading Finance Project Finance Risk Measurement Energy Regulation Sustainable Energy Operational Risk Management Energy Trading Monte Carlo Simulation Energy Services Power Trading Utilities Power Industry Risk Management Systems Cogeneration Power Transmission Electric Resource Planning Presentation Skills Microsoft Office

Philip Dipastena Education Details

  • Golden Gate University
    Golden Gate University
    Marketing
  • University Of Arizona
    University Of Arizona
    Electrical Engineering
  • University Of Arizona
    University Of Arizona
    Finance/Economics

Frequently Asked Questions about Philip Dipastena

What company does Philip Dipastena work for?

Philip Dipastena works for Denton Municipal Electric

What is Philip Dipastena's role at the current company?

Philip Dipastena's current role is Market Risk Manager at Denton Municipal Electric.

What is Philip Dipastena's email address?

Philip Dipastena's email address is pd****@****ail.com

What schools did Philip Dipastena attend?

Philip Dipastena attended Golden Gate University, University Of Arizona, University Of Arizona.

What are some of Philip Dipastena's interests?

Philip Dipastena has interest in Economic Empowerment, Education, Environment, Science And Technology, Arts And Culture.

What skills is Philip Dipastena known for?

Philip Dipastena has skills like Energy, Risk Management, Energy Markets, Renewable Energy, Financial Modeling, Commodity Markets, Analysis, Contract Negotiation, Solar Energy, Energy Management, Natural Gas, Start Ups.

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