Doug Egan , Chairman & Chief Executive Officer, Competitive Power Ventures, Inc.
Doug co-founded CPV with Gary Lambert in 1999 and together they raised venture capital funding for the company in a series of separate financings, exceeding $300 million in total. Under his leadership, CPV has focused on traditional and renewable power generation project development and asset management services for major energy and finance industry clients and investors. Doug provides the strategic direction for the company as it responds to the evolution of a highly dynamic North American market. With more than 25 years in the independent power industry, he is well known to the power, natural gas and financial communities.
Prior to forming CPV, Doug was Senior Vice President for Development at PG&E Generating Company, formerly US Generating Company. At PG&E, he was responsible for non-regulated power project development. He was responsible for the initiation of seven natural gas fired power generation projects and a wind project representing more than 5,000 MW of capacity currently in operation across the United States. Prior to assuming control of PG&E's development program, Doug was Vice President and Regional Executive for their Northeast Region where he supervised six operating IPP projects, including fuel supply and transportation and power sale agreements.
Prior to PG&E, Doug was Vice President of Development at J. Makowski Company of Boston where he was responsible for the acquisition and financial restructuring of Altresco Financial, Inc. Additionally, he held the position of General Counsel for Intercontinental Energy Corporation of Hingham, Massachusetts through the development and construction of two cogeneration projects representing more than 600 MWs. In the early 1980's, Doug worked at the law firm of Murtha Cullina Richter & Pinney in Hartford, Connecticut.
Doug is a graduate of Dartmouth College and Cornell Law School.
Competitive Power Ventures, Inc.
Competitive Power Ventures Holdings, LLC (CPV) is a leading North American electric power generation development and asset management company headquartered in Silver Spring, Maryland, with offices in Braintree, Massachusetts, San Francisco, California, and Ontario, Canada.
CPV’s development arm adheres to a focused strategy of creating significant new clean energy supplies across strategic markets, informed by current operational expertise and with a focus on community values.
A highly-experienced development team concentrates on a clean energy strategy utilizing combined-cycle natural gas and wind-powered generation to meet growing demand in high load areas across North America.
The company currently has 5,965 megawatts (MW) of natural gas projects in various stages of development. The CPV Sentinel 779 MW peaking project in Palm Springs, California will be on-line for summer 2013.
The company’s Asset Management division has operated more than 8,000 MWs of generation across the continent since 2001 and currently has 4,737 MW of natural gas generation and 152 MW of wind power generation under management.
CPV Renewable Energy Company is currently developing approximately 4,321 MW of additional wind power projects across North America, with plans for more. CPV Keenan II, a 152 MW, project has been running since 2010 and the CPV Cimarron I, a 165 MW project will be completed this year.