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A 21-year veteran of the electric utility industry, Kenneth W. Cornew, 43, heads one of the nation’s largest, most diversified generation portfolios, consisting of assets in the Mid-Atlantic, Midwest, Northeast, Southeast and Texas with a total revenue of over $10 billion in 2007. He also heads the growing retail business of Exelon Energy that serves electric and gas retail customers in Illinois, Ohio, and Michigan. As president of Power Team, Cornew is responsible for ensuring the optimization of Exelon’s commodity portfolios and for creating the maximum value for the Company and its shareholders.
Cornew has been a leader of Power Team since its inception when the group was created to sell into the wholesale power market the output of Exelon generation and to grow the wholesale energy portfolio. He continues to play an instrumental role in the evolution of disciplined operational processes and innovation that are a hallmark of Power Team’s success.
Cornew has developed and strategically organized Power Team’s trading operation -- including short and long term power transactions, generation scheduling and generation dispatch which serves wholesale and retail load obligations and proprietary trading functions. He has been and continues to be a leader in regulatory advocacy for the industry helping to shape the wholesale market evolution in the various regions of the country where Exelon has generation assets.
Cornew also has heavily supported merger and acquisition activities and corporate strategy for Exelon Corporation. Cornew performed an active role in the creation of Exelon by leading the integration of Unicom’s and PECO Energy’s power marketing groups as well as their generation and load portfolios. He was also an instrumental member of a team that evaluated the AmerGen nuclear generation asset acquisition which resulted in the purchase of ownership interest in Oyster Creek Generating Station in New Jersey, Clinton Power Station in Illinois and Three Mile Island Generating Station in Pennsylvania.
Early in his career, Cornew worked in PECO Energy’s regulated retail business as a large industrial account manager in southeastern Pennsylvania. He was also an engineer in the PJM Interconnection L.L.C. where he scheduled generation and power interchange as well as evaluated the performance of PJM’s generation dispatch and transmission scheduling operations.
Cornew obtained a bachelor’s degree in electrical engineering from Rutgers University and a master’s degree in business administration from Drexel University. | 