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4 April 2006 -- Airtricity, Inc., a renewable energy company, announced today the appointment of immediate past Chairman of the Federal Energy Regulatory Commission Pat Wood, 43, as Chairman of the Company's North American Advisory Board. Wood, now in private energy infrastructure development, will provide strategic policy and market development guidance to Airtricity's North American operations.
Airtricity CEO, Eddie O'Connor said, "We are delighted that Pat Wood has agreed to lead Airtricity's Advisory Board in North America. His experience in the current Administration and deep knowledge of the energy industry in the United States will be a tremendous asset to Airtricity.
Airtricity announced plans last year to invest $1.5 billion by 2010 in the North American market. It acquired Renewable Generation Inc. in December of 2005 and expects to construct 200 MW later this year and another 400 MW in 2007.
Wood commented: "I believe that the US needs to develop a mix of energy resources. I agree with President Bush's recent observation that wind energy has the potential to supply up to 20 percent of our nation's electricity. By the end of 2007, we expect that Texas will be the leading state in wind development, as wind construction across the U.S. accelerates. Airtricity, under CEO Eddie O'Connor's leadership, has demonstrated the potential for wind energy in Europe and, with their recent investments in Texas, have brought that vision to the United States. I am looking forward to working with the team as Airtricity continues its expansion and develops a competitive retail supply network of renewable power for customers."
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