Wesley Symank Email & Phone Number

Austin, Texas Metropolitan Area

Serving in a key member-facing role that balances the interests of numerous stakeholders▪ Led the Rates Committee, comprised of the top executives within the company, tasked with developing recommendations for new rates and adjustment or affirmation of existing rates.▪ Presenting to the Board of Directors on all matters relating to rates, such as the annual rate plan, quarterly over/under collection balances, and any resolutions to modify rates, rate programs or fees in the Tariff.▪ Managed the Cost-of-Service Study (COSS), a triennial requirement of the company’s rate policy.▪ Managed multiple consultant engagements relating to various corporate objectives such as investigating future rate structures and rate offerings, as well as building the business case for these proposed offerings. ▪ Acting delegate to LCRA Rates and Resources subcommittee on Demand Response programs.▪ Led the analysis and executive team reports on various topics such as electric vehicle charging and time-of-use rate plans.▪ Implemented a new rate design to recover Transmission Cost of Service (TCOS) pass-through cost.▪ Performed annual rate resets for the credit tied to distributed solar, which increased 34% in two years.▪ Responsible for directing member correspondence spanning all aspects of rates and the tariff.▪ Delivered a workshop for the Board of Directors to review and build consensus on rate recommendations.

Austin, Texas Area

Directly involved in several concurrent projects/initiatives that were critical to the strategic future of the company.▪ Metrics and benchmarking▪ Regulatory support—developed a database for invested capital▪ Delivered business intelligence analysis and scenario planning. For example, an intermediate-term, macro-level view on inflation and interest rates affecting LCRA TSC cost structure and financial performance. Also, shorter-term tactical scenarios such as those evaluating the impact of changes to the schedule/cost of individual projects within the capital program.▪ Development, maintenance and monitoring of financial performance metrics such as tracking 4CP along with implications for revenue and debt service. Likewise, produced periodic analysis pinpointing the impact on economic performance of investment recovery lag, along with implications of ST/LT debt issuances.▪ Performed evaluations of rate impact and cost of service requirements in collaboration with applicable regulatory and finance groups. Direct budgetary support and development of rates for property tax, fleet rates, and transformation rates.▪ Managed corporate development, M&A, and due diligence processes to evaluate several aspects of potential transactions ranging in size from a few million to several hundred million dollars.▪ In collaboration with Regulatory Affairs, supported the development and delivery of a comprehensive training program for the leadership team and key employees aimed at preparing key witnesses for an upcoming rate case. Served as liaison between Regulatory, Legal, and Executive Management to explore issues, refine strategy, and draft testimony.▪ Engaged across the organization to pursue optimal business performance outcomes, principally addressing opportunities arising from the capital investment program which had grown to over $400M annually.

Dallas/Fort Worth Area

Provided energy market expertise that enables sound investment decisions grounded in a deep understanding of competitive dynamics. Supporting due diligence for acquisitions, strategic review to position for market entry or divestitures to re-position and optimize risk exposure. • Buy-side advisory to support negotiations among c-suite executives of a newly formed management team, specifically targeting the value of long-term incentives/carried interest.• Valuation of an oil and gas equipment manufacturer for gift and estate tax planning purposes. (ociw.com)• Consulting services to develop investment strategy around the distressed debt of certain oil and gas E&P companies. (revolutionresources.com)

Dallas/Fort Worth Area

Consultant for clients primarily within the gas, power and renewable industries both in the U.S. and internationally. In the power and renewable sector alone, I delivered engagements with more than 15 different clients representing assets of more than 13,000 megawatts (MW) and over $10 billion in total value.• Established the methodology used to provide debt ratings and valuation of investments in over 4,000 MW of power plants acquired by Mizuho Global Alternative Investments in Indonesia, the United Kingdom, Vietnam, the US, and the UAE.• Justified the up-sizing of a development loan backed by a 587 MW solar development portfolio for New Energy Capital Partners, LLC ("NEC"), a clean energy infrastructure investor focused on small and mid-sized projects.• Significant experience with project finance for power plant development and acquisitions targeting assets in both regulated and competitive power markets under a variety of circumstances entailing unique contract terms, detailed performance profiles and complex revenue projections.• Expertise in determining market-indicated cost of capital for investment in a wide range of asset types—both for tangible assets such as power plants and other industrial equipment, and for intangible assets such as contracts, customer relationships, assembled workforces, and other elements of midstream companies, upstream oil and gas, railroads, telecommunications providers, and retail electric providers.

Houston, Texas Area

Thought leadership—numerous conference presentations, delivery of consulting work, and onsite client presentations. Kept clients ahead of the curve as competition intensified to avoid financial distress and take advantage of opportunities in the marketplace.• Managed regional reporting work streams to deliver detailed summaries for each North American power market (WECC, ERCOT, SPP, SERC, FRCC, MISO, NYISO, ISO-NE, and PJM).• Responsible for the Plant Valuation Tool (PVT)—this tool was utilized by major investment banks and rating agencies to explore the financial and operational metrics for over 1 million MW of capacity• Authored research reports and media releases to address power market issues such as corporate strategy, nuclear power development, plug-in electric vehicles, ERCOT scarcity conditions, battery storage in CAISO, the competitive landscape for transmission development, stratification of NGCC power plants, and M&A trends.• Structuring and delivery of consulting engagements—strategic assessments for market entry, engagements that evaluated the addition of NGCC cogeneration at industrial sites, and regulatory consulting for certain investor-owned electric utilities.• Solutions (new product development)—developed a retail electric price forecast to support our estimates of rooftop solar penetration at the state level and across residential, commercial and industrial customer classes.• Proven, adaptable leadership—led the formation and delivery of team objectives, such as work product redesign and reallocation of team resources to retain clients and grow revenue.

Houston, Texas Area

Key member of a strategy and analysis group with influence across the organization. • Spot bonuses earned from each of the SVP executives in charge of System Operations and Plant Engineering.• Initiated the active transformation of Entergy’s 27,000 megawatt (MW) portfolio of power plants.• Enabled Entergy to optimize its $700 million annual operations and maintenance (O&M) budget and facilitated the replacement of several power plants with more modern and efficient resources.• Represented the group on several high profile committees charged with developing recommendations for the business around power plant operations, fuel hedging, major capital expenditures and power plant acquisitions.• Gave the final recommendation for a go/no-go decision on a $24 million replacement of the high pressure steam turbine assembly at Willow Glen representing over 500 MW of generating capacity.• Group expert and mentor of @Risk Monte Carlo simulation software, delivered training at the department level, and derived both short- and long-term volatility parameters for the natural gas price in stochastic simulations.• Member of probabilistic risk assessment team which investigated capital investment risk assessment software vendors, recommended for licensing, and designed the implementation of Financial Risk Optimization (FRO).

Cincinnati Area, Ky

Supplier management to ensure proper alignment with strategic sourcing objectives, verifying the quality, volume and timing capability of each component. This involved frequent negotiation with supplier executives, along with hands-on verification of supplier manufacturing, cost reduction, contract compliance and operations preparedness while interfacing with business stakeholders across the Toyota organization.

Dallas/Fort Worth Area

Hired, trained and managed a team to deliver over $750,000 in production revenue during the first six months of a new customer contract. Applied technology solutions to raise production efficiency of staff by more than 41%.

Dallas/Fort Worth Area

Fiber-optic hardware manufacturing – responsible for production and product development. Working closely with design engineers and various groups within the manufacturing plant, I navigated the product development process to bring industry-first adapter designs from initial conception to full volume production.

Tyler

Design, procurement, and installation of equipment in sheet metal fabrication and assembly operations to facilitate inventory management, material handling and packaging operations. Developed proposals, gained investment approvals, and managed each project to completion, including negotiation of equipment purchases and supervising work at various stages of each project.

Mba, Finance

Teaching Assistant for MBA Finance Finance Specialization, Entrepreneurship Certificate M&A consulting project for EnCap Flatrock Midstream

Bachelor, Industrial Engineering

Operations Research Emphasis: stochastic modeling, regression analysis, statistical methods. Capstone consulting project for The O.I..