NEWARK, N.J., Feb. 16, 2017
NEWARK, N.J., Feb. 16, 2017 /PRNewswire/ -- PSEG Power announced today that John Scarlata, vice president of gas supply for PSEG Energy Resources & Trade (PSEG ER&T), is retiring after nearly 42 years with the company. His retirement will be effective March 3, 2017. The company also announced that David F. Caffery has been elected to replace Scarlata as vice president of gas supply, PSEG ER&T, effective March 6, 2017. Caffery has been director of portfolio management and regulatory for PSEG ER&T since March 2007.
"John has been a valued employee, colleague and friend for more than four decades -- not just for our company, but for the gas industry as a whole," said Shahid Malik, president, PSEG ER&T. "John found creative ways to increase value for our shareholders and for our customers and is widely respected. David is also highly respected in the gas industry and I have great confidence that he will be able to build on John's success. He inherits a strong team and has significant experience in this business that will stand him in good stead."
In his new position, Caffery will have overall responsibility for PSEG ER&T's gas portfolio, including responsibility for long-term capacity acquisition, gas trading, and regulatory matters related to gas supply and pricing as well as fuels acquisition.
Caffery joined the company in 1977 as an associate engineer of fuel services, later promoted to manager of gas supply in 1998.
Caffery is a member of the American Gas Association, Delta Mu Delta (National Business Honor Society), and the Society of Gas. He graduated from Lafayette College with a bachelor's degree in civil engineering and received his master of business administration degree in Finance from Fairleigh Dickinson University.
About PSEG Power
PSEG Power LLC is an independent power producer that generates and sells electricity in the wholesale market, with a fleet totaling approximately 12,000 MWs of electric generating capacity. It is a nationally recognized industry leader on environmental issues. PSEG Fossil LLC is one of four main subsidiaries of PSEG Power, and operates the company's portfolio of natural gas, coal and oil-fired electric generating units.
PSEG Power is a subsidiary of Public Service Enterprise Group Incorporated (PSEG) (NYSE: PEG), a diversified energy company (www.pseg.com).
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SOURCE PSEG Power