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Eversource Energy gets new operations chief

Sep. 19, 2023 2:53 AM ETEversource Energy (ES)By: Manshi Mamtora, CFA2 Comments

Eversource Energy (NYSE:ES) said that Paul Chodak has been elected as executive VP and COO, effective November 13, 2023.

Chodak has worked at American Electric Power in Operations roles for 22 years. He has served as AEP’s executive VP of Generation since 2019.

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Comments (2)

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Will this lead to a more efficient and less costly operation, with lower electricity transmission rates ?? Tired of being in the top 5 most expensive in the US...
@1MyOpinion1 No, the investment to reduced prices will have to be politically driven. Eversource will continue to do bare minimum, even though they have an opportunity to modernize the North East with Nasty Grid; they'll status quo for mediocre reliability. In their defense, electric prices will rise faster in the short term if they resolve issues with investment, and local regulators will say they're ridiculous eitherway. It's become a gridlock game. They do own some of the most demanding markets and simultaneosly the oldest constructed markets. Difficult to make efficient without massive investment. Way more than above numbers. That's triage

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