Laurie Valasek

Chief Financial Officer at Michigan Public Power Agency
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Contact Information
us****@****om
(386) 825-5501

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Experience

    • United States
    • Utilities
    • 1 - 100 Employee
    • Chief Financial Officer
      • Apr 2023 - Present

      Lansing, Michigan, United States Chief Financial Officer and member of the executive leadership team. Responsible for the financial leadership of the agency that includes capital management strategy, value creation and risk management strategies

    • United States
    • Food and Beverage Manufacturing
    • 1 - 100 Employee
    • Chief Financial Officer
      • Aug 2021 - Apr 2023

      Michigan, United States Chief Financial Officer and executive team member that is developing a large Green Capex project from inception. When completed, AFC will produce sustainably farmed salmon on-land, under-roof, in a bio-secure environment in the most water-efficient aquaculture system in the world, supplying premium fish to the $6bn US market >> 98% of which is currently served by foreign, off-shore net-pen farming operations which are harmful to our oceans, our clean air and to the fish themselves. We… Show more Chief Financial Officer and executive team member that is developing a large Green Capex project from inception. When completed, AFC will produce sustainably farmed salmon on-land, under-roof, in a bio-secure environment in the most water-efficient aquaculture system in the world, supplying premium fish to the $6bn US market >> 98% of which is currently served by foreign, off-shore net-pen farming operations which are harmful to our oceans, our clean air and to the fish themselves. We can do better. Show less

    • United States
    • Oil and Gas
    • 1 - 100 Employee
    • CFO
      • Feb 2011 - Apr 2021

      Midland, Michigan, United States Lead a 10 person finance department for this $400 million independent power producer. Served on the executive team that is responsible for delivering the goals and objectives of the organization. Responsibilities include accounting; all financial reporting including financial statements and management reporting; preparation and presentation of quarterly investor presentations for board of director meetings; oversight for annual audit; lender relations; rating agency management; loan… Show more Lead a 10 person finance department for this $400 million independent power producer. Served on the executive team that is responsible for delivering the goals and objectives of the organization. Responsibilities include accounting; all financial reporting including financial statements and management reporting; preparation and presentation of quarterly investor presentations for board of director meetings; oversight for annual audit; lender relations; rating agency management; loan compliance; treasury and liquidity management; long-term financial forecasting and planning; annual budgeting; risk management; financial analysis; and tax compliance.

    • Treasurer
      • Oct 2004 - Feb 2011

      Midland, Michigan, United States Ensured compliance with the $2.3 billion sale leaseback financing and maintained relationships with the lessors and noteholders. Negotiated and maintained appropriate bank relationships. Forecasted short-term and long-term cash needs including collateral support requirements as well as monitored daily cash position to ensure appropriate liquidity. Developed and maintained relationships with brokers to support cash investments while maximizing returns and adhering to debt covenants.

    • Manager, Planning and Hedging
      • Oct 1997 - Oct 2004

      Midland, Michigan, United States Responsible for developing monthly fuel supply optimization of [1] 20+ fixed and floating priced long-term fuel supply contracts, [2] 20+ market priced monthly and day-ahead fuel supply contracts, [3] 6 natural gas transportation contracts and [4] one natural gas storage contract utilizing a linear programing model. Optimized approximately $250 million in costs per year. Developed and executed financial hedging recommendations to manage natural gas supply risk that was not secured by fixed… Show more Responsible for developing monthly fuel supply optimization of [1] 20+ fixed and floating priced long-term fuel supply contracts, [2] 20+ market priced monthly and day-ahead fuel supply contracts, [3] 6 natural gas transportation contracts and [4] one natural gas storage contract utilizing a linear programing model. Optimized approximately $250 million in costs per year. Developed and executed financial hedging recommendations to manage natural gas supply risk that was not secured by fixed priced supply contracts.

    • Manager of Financial Reporting
      • Feb 1997 - Oct 1997

      Midland, Michigan, United States Responsible for all fuel accounting activities including monthly journal entries, reconciliation of balance sheet accounts, invoice verification and monthly management reports. Supported the annual financial audit by developing prepared by client work papers and responding to audit inquiries. Performed credit reviews and credit limit recommendations for all fuel supply counterparties. Developed detailed desktop procedures for the position.

    • Accounting Manager
      • May 1992 - Feb 1997
    • Office Manager
      • Nov 1989 - May 1992

Education

  • Central Michigan University
    BSBA, Finance
  • University of Michigan-Flint School of Management
    MBA, Leadership and Finance

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