Tom DiCapua
Vice President of Wholesale Energy Services at Con Edison Clean Energy Businesses- Claim this Profile
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Bio
Eugene F.
One of Tom's greatest management traits is he gives you enough space to develop your own skills yet just enough guidance that you don't end up frustrated and lost. He has an incredible ability to translate difficult and abstract trading, programming, and optimization concepts into the simplest of terms and then guides you to putting those concepts into action. I grew tremendously under Tom's leadership and he is a tremendous asset to the company as an extremely effective leader. Some people may have an 'if it ain't broke don't fix it' attitude, but somehow Tom always finds ways to do things more effectively and add value to a process.
Eugene F.
One of Tom's greatest management traits is he gives you enough space to develop your own skills yet just enough guidance that you don't end up frustrated and lost. He has an incredible ability to translate difficult and abstract trading, programming, and optimization concepts into the simplest of terms and then guides you to putting those concepts into action. I grew tremendously under Tom's leadership and he is a tremendous asset to the company as an extremely effective leader. Some people may have an 'if it ain't broke don't fix it' attitude, but somehow Tom always finds ways to do things more effectively and add value to a process.
Eugene F.
One of Tom's greatest management traits is he gives you enough space to develop your own skills yet just enough guidance that you don't end up frustrated and lost. He has an incredible ability to translate difficult and abstract trading, programming, and optimization concepts into the simplest of terms and then guides you to putting those concepts into action. I grew tremendously under Tom's leadership and he is a tremendous asset to the company as an extremely effective leader. Some people may have an 'if it ain't broke don't fix it' attitude, but somehow Tom always finds ways to do things more effectively and add value to a process.
Eugene F.
One of Tom's greatest management traits is he gives you enough space to develop your own skills yet just enough guidance that you don't end up frustrated and lost. He has an incredible ability to translate difficult and abstract trading, programming, and optimization concepts into the simplest of terms and then guides you to putting those concepts into action. I grew tremendously under Tom's leadership and he is a tremendous asset to the company as an extremely effective leader. Some people may have an 'if it ain't broke don't fix it' attitude, but somehow Tom always finds ways to do things more effectively and add value to a process.
Experience
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Con Edison Clean Energy Businesses
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United States
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Renewable Energy Semiconductor Manufacturing
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100 - 200 Employee
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Vice President of Wholesale Energy Services
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Mar 2020 - Present
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Managing Director
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May 2016 - Mar 2020
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Director of Business Development and Asset Management
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Jan 2014 - May 2016
Direct and manage multi-region, multi-commodity trading desk. Combine power and gas trading strategies to manage internal trading book as well as optimize over 4,000MW of client generation assets. Key projects:• Primary management lead for Long Island Power Authority (LIPA) contract transition to PSEG ER&T during 2014. Originated and designed $1.3 Million project to enhance LIPA’s outage management capabilities. Responsible for high level of performance to LIPA during staffing and responsibility shift to PSEG.• Expanded inter-ISO arbitrage business from limits of 250MW to 400MW. Gross margin for these strategies increased 4x in 2014 from 2010-2013 annual averages. Show less
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Senior Portfolio Manager
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Mar 2011 - Jan 2014
Head of twelve person NY operations desk. Responsible for overall front office management of power supply for LIPA, including 24 hour operations coverage. Developed profitable trading strategies for inter-ISO arbitrage, virtual markets and congestion contracts for Con Ed Energy trading book. Works with origination team to grow business through key client relationships.Key projects:• Primary management lead for LIPA contract. Principal relationship manager for LIPA’s management and executive team, providing insight into both daily operations and long term market conditions.• New strategies, policies and procedures yielded over $175 million in LIPA savings since contract inception in 2010. Added additional service contract in 2011 to provide better coverage to client and generate additional gross margin annually for Con Edison Energy.• Designed and implemented inter-ISO arbitrage business utilizing existing trading staff. Consistently generates 10% of Con Edison Energy annual gross margin, with potential for growth as market conditions improve.• Added four new merchant power generation clients (2,900MW) to NYISO and ISONE portfolio that generate consistent revenue for both clients and Con Edison Energy. Show less
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Asset Manager / Trader
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Oct 2008 - Mar 2011
Lead manager for LIPA power supply transition. Active in ISO-NE markets through management of merchant generation fleet. Supported retail sales business in NY through hedging and market intelligence. Key projects:• Led year long transition effort to develop a complete power supply solution for LIPA. Portfolio consisted of over 5,500MW of on island generation, 1,700MW of open access transmission, 1,000MW of merchant transmission, 1,000MW of external generation and 400MW of nuclear contracts. • LIPA transition effort involved initial setup of NY Trading & Operations desk, hiring and training of all staff, development and integration of software systems, and design of robust quality control measures.• Managed 750MW of merchant generation in ISO-NE. Services included day to day bid management, fuel management, short term trading and client briefings.• Helped manage NY load position for Con Edison Solutions, the competitive retail sales company of Con Edison Inc. Show less
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National Grid
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United Kingdom
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Utilities
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700 & Above Employee
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Lead Electric Trader
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Apr 2006 - Oct 2008
Represented primary client (LIPA) in the Northeast energy markets. Worked with merchant team to manage major generation project in NYC, at the 2,500MW Ravenswood Energy Center. Known as Keyspan Energy Transaction Services until 8/2007. Key projects: • Developed LIPA front office quality control software for more complete coverage and identification of bidding issues. • Helped effort to integrate the Neptune HVDC cable (660MW) into LIPA’s overall power supply portfolio in 2007. Cable arbitrage resulted in over $100 Million in benefits to client through the end of 2008. • Designed fuel burn monitoring system integrating plant data feeds and in house projection algorithms for enhanced fuel management. Lowered average fuel burn estimate error from >15% to <4% in 2 years. • Traded emissions credits to generate an average of $10 Million profit per year using Keyspan/National Grid’s GENCO assets. • Analyzed merchant generation assets outage scheduling performance to identify lost opportunity and potential margin opportunities. Show less
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KeySpan
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Utilities
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100 - 200 Employee
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Automation / Performance Engineer
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May 2004 - Apr 2006
Engineer in Performance Improvement Division of Keyspan’s electric generating business unit. Provide centralized service to entire Keyspan Portfolio, including 4,500MW of steam units, 2,000MW of combustion turbines and 250MW of combined cycle units. Key projects: • Designed and built the Performance Assessment Center (PAC) to allow performance engineers the ability to centrally monitor, diagnose and assist plant operators on issues such as heat rate, downtime and startup. • Developed and maintained control room systems and plant automation to increase productivity and market awareness. Create a common data platform for plant operators, plant management and performance engineers. • Reduced performance penalties of fleet by 99% through use of “coaching” interfaces for following dispatch signals. Show less
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Education
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Siena College
B.S., Software Engineering, Math, Physics -
Chaminade High School
Academic