Independent Director
Mr. Wood has over 25 years of experience in the development, financing, regulation, and the legal and policy issues of energy infrastructure. Currently, Mr. Wood serves as CEO of the Hunt Energy Network, a distributed energy platform company, since February 2019. Known for his role in setting up competitive energy markets in Texas and across the country, Mr. Wood served as Chairman of both the Public Utility Commission of Texas (1995-2001) and the Federal Energy Regulatory Commission. (2001-2005). Since leaving public service, he has focused on developing energy infrastructure projects and companies. He currently serves as a director of SunPower (Nasdaq: SPWR) and of Quanta Services, Inc. (NYSE: PWR), including his recent appointment to Luma Energy, overseeing the Quanta-ATCO joint venture to operate the Puerto Rico utility system. Mr. Wood served as board chairman of independent power producer Dynegy from its emergence from bankruptcy in 2012 to its merger with Vistra Energy in 2018 for $1.7 billion in an all stock deal, creating a $10 billion publicly traded equity valued company upon closing. He was a strategic advisor to Natural Gas Partners from 2005 until 2014, when he became an independent director of Memorial Resources Development (Nasdaq: MRD) upon its IPO in 2014. MRD was sold to Range Resources in 2016 for $4.4 billion enterprise value. Wood was also a past director of TPI Composites (NASDAQ: TPIC). He also has past affiliations with InfraREIT (NYSE: HIFR), Airtricity, First Wind, Texas Genco, The Texas A&M Smart Grid Council, the American Council on Renewable Energy, and remains a member of the National Petroleum Council.
As one of the key architects of the nation’s competitive power markets, Mr. Wood has been on the forefront of the transformation of the power sector. His regulatory leadership at the Public Utility Commission of Texas and at the Federal Energy Regulatory Commission during the transition to a cleaner, more flexible power system created an attractive investment climate for innovative companies and technologies across the United States. As chairman of independent power producer (IPP) Dynegy, Mr. Wood led a small company emerging from bankruptcy in 2012 through four significant mergers (including two simultaneous ones with Energy Capital Partners and Duke Energy). Dynegy’s fifth merger, in 2018 with Vistra Energy (NYSE: VST), created the nation’s largest IPP with an equity value of $10 billion at the time of closing.