CHICAGO— Exelon today announced that it has named Mike Kormos as senior vice president of Wholesale Markets and Energy Policy, effective June 13. Kormos joins Exelon following a 27-year career with PJM, where he most recently served as executive vice president and chief operations officer.
In his new role, Kormos will be responsible for formulating and advocating for Exelon’s positions on energy and transmission bulk system policy planning, the development of effective wholesale energy markets, the company’s participation with the North American Electric Reliability Corporation and regional reliability councils, and cybersecurity and grid reliability issues.
“Mike brings extensive knowledge of wholesale electricity markets, which play such a critical role in our business,” said Joe Dominguez, Exelon executive vice president, Governmental and Regulatory Affairs and Public Policy. “His expertise in market innovation and design, including his deep experience at PJM, will strengthen Exelon’s policy efforts as we continue to advocate for market reforms that will benefit our customers, our communities and our company.”
Over his career at PJM, Kormos served as chair of the PJM Member Markets and Reliability Committee and worked in various leadership positions, including senior vice president of operations, reporting directly to the CEO. He served as chairman of PJM Environmental Information Services, a PJM subsidiary that developed a system to track the environmental attributes of various state programs. Among other roles, he also served as the executive sponsor for PJM’s Diversity and Inclusion Council.
In addition, Kormos served on several industry boards, including the Eastern Interconnection Planning Collaborative, ReliabilityFirst Corporation and Eastern Interconnect Data Sharing Network.
Kormos, who will report to Dominguez, holds a bachelor’s degree in electrical engineering from Drexel University, and an MBA from Villanova University.