Key Drivers of ERCOT Power Prices Steve Muscato, Chief Commercial Officer, Luminant    

  |   Past Meetings   |   No comment

October 11, 2013 Meeting Information

Steve Muscato is chief commercial officer of Luminant. Luminant is the competitive power generation subsidiary of Energy Future Holdings Corp. Luminant’s activities include plant, mine, wholesale marketing and trading, and development operations.Muscato brings 18 years of experience in deregulated energy markets to the position, obtained in various trading and asset management roles at Luminant and in the industry.

Muscato’s accountabilities include:

  • Optimizing the dispatch and value of Luminant’s power generation fleet
  • Managing the commodity (power, gas and coal), transportation (rail) and emissions requirements for Luminant’s operating assets and ensuring development of a distinctive point of view on commodity dynamics in critical markets and geographies
  • Driving asset management, trading and portfolio management in ERCOT and building those capabilities for new growth markets
  • Directing the execution of the long-term heat rate hedging program with wholesale counterparties and end-use customers in the municipal, cooperative and industrial segments
  • Providing oversight of Luminant’s state and federal wholesale market design and advocacy activities
  • Leading the gas and power trading teams to develop cash-efficient strategies that yield the best risk-adjusted return on resources utilized

In this role since January 2013, Muscato’s goal is to leverage the skills and assets used to serve the generation fleet into a lean and highly profitable commercial business model.

Muscato has held several positions at Luminant, including senior vice president of commercial operations, vice president of gas trading – North America and vice president of East gas and power trading. Prior to joining Luminant, Muscato worked for National Fuel Gas and PacifiCorp from 1993 to 1998.

Muscato holds a master’s degree in electrical engineering from the University of Rochester, with several published papers on microprocessor design.

No Comments

Post A Comment

Our Sponsors

Members are encouraged to promote their business through periodic special events and through club advertising. For more information contact our President or VP of Membership.
shermco_ad
wm_ad