Carl Podwoski

Mr. Podwoski has over 40 years of experience in building and running cogeneration power systems within diverse industrial settings and in partnership with domestic and foreign governments.

Though retired since 2001, Mr. Podwoski from 2005 to 2008 was a partner of Newton Falls Fine Paper Company LLC, involving the startup of an idled paper mill and the selling of its excess hydroelectric power into the grid. This included business-plan formation and the raising of $23 million in private financing and government grants.

His formal retirement was from the position of Manager of Cogeneration Development at the unregulated subsidiary of Louisville Gas and Electric, where from 1989 to 2001 he initiated and ran steam-electric projects in the United States and Brazil. This included oversight of the analysis of coal and gas economics and the negotiation of power-purchase agreements.

Prior to that Mr. Podwoski served as Director of Special Projects for International Paper (1968 to 1989) where he structured and executed its first power-purchase contracts in New York and Maine, arranged $100 million in off-balance-sheet power-project financing, and entered into two energy joint ventures.

Mr. Podwoski is a graduate of Case Western Reserve University with a B.S.E.E. and of Harvard University with an M.B.A.