December 03, 2010
Exelon Executive Wins Lifetime Achievement Award for Contributions to the Energy Industry
Elizabeth “Betsy” Moler is first woman to receive this honor
NEW YORK – Elizabeth “Betsy” Moler, recently retired executive vice president of government affairs and public policy at Exelon, received the Platts Lifetime Achievement Award at the 12th Annual Platts Global Energy Awards yesterday in New York. The first woman to win the award, Moler was recognized for her contributions as a preeminent voice on energy policy throughout her 40-year career in Washington, D.C.
“I truly appreciate the decade of leadership Betsy provided to Exelon,” said Exelon chairman and CEO John W. Rowe. “Her contributions, both to Exelon and the energy industry, have been invaluable. She is truly deserving of this honor.”
In her 10 years at Exelon, Moler served as a vital resource to public officials concerned about energy and environmental policy, testifying before Congress and FERC numerous times and working closely with the utility and NGO communities in support of energy and climate legislation.
“Ms. Moler is recognized for her outstanding contributions to the development and future of the energy industry over the course of her long and varied career,” said Larry Neal, president of Platts, a leading global energy and metals information provider and host of the awards program. “Based on her tireless work to shape effective, sensible energy policy both on and off Capitol Hill, our panel of judges agreed that Ms. Moler exemplifies the best our industry has to offer in strategic vision, leadership and innovation.”
Before joining Exelon, Moler served under former President Clinton as deputy secretary of the U.S. Department of Energy and was the principal architect of the Clinton Administration's Comprehensive Electricity Competition Act, presented to Congress in June 1998. Prior to that, Moler served as a commissioner for the Federal Energy Regulatory Commission, for which former President Reagan nominated her in 1988. Former Presidents George H.W. Bush and Clinton reappointed Moler, making her the only commission member appointed by three different presidents. Clinton designated her to serve as the commission’s chair in 1993.
Moler is credited with the strategic vision and ultimate implementation of competitive electricity markets as the best framework for meeting important economic and environmental policy objectives. As the chair of FERC, Moler led the effort that resulted in the successful restructuring of both the interstate natural gas industry and the wholesale electricity industry. Her work ushered in a new era of organized competitive markets, which has aided the transition to a lower-carbon economy, promoted energy efficiency and demand response, spurred growth in energy supply and generated significant customer savings.
In addition, Moler has been a vocal advocate for encouraging women to take leadership roles in the energy industry. She is an active supporter of the Women’s Council on Energy and the Environment, which honored her with its Woman of the Year Award in 1996 and 1998.
Moler started her career as a staff member for 20 years on Capitol Hill, first as a staff assistant in the office of Senator Mike Gravel of Alaska, and later on the staff of the Senate Energy and Natural Resources Committee as counsel for both Chairman Henry M. “Scoop” Jackson of Washington state and Chairman J. Bennett Johnston of Louisiana. During that time, she was the principal staff member responsible for all natural gas issues and helped craft the Natural Gas Policy Act of 1978.
Nominees for the Lifetime Achievement Award are evaluated in the areas of integrity, achievements, strategic vision, leadership, innovation and peer recognition. Winners are selected by an international judging panel of past industry executives, academics, former energy regulators and efficiency experts.
Exelon Corporation is one of the nation’s largest electric utilities with more than $17 billion in annual revenues. The company has one of the industry’s largest portfolios of electricity generation capacity, with a nationwide reach and strong positions in the Midwest and Mid-Atlantic. Exelon distributes electricity to approximately 5.4 million customers in northern Illinois and southeastern Pennsylvania and natural gas to approximately 486,000 customers in the Philadelphia area. Exelon is headquartered in Chicago and trades on the NYSE under the ticker EXC.