Edward Krapels
Edward N. Krapels is a leading authority on energy issues, markets, and policy, and one of the foremost developers of energy transmission projects in the United States. As an investor, he is the Founder of Anbaric Holding, LLC, the umbrella organization over various energy projects that Mr. Krapels, his partners, and investors are developing. Among those projects is the Neptune Regional Transmission System (NeptuneRTS.com), a $600+ million independent HVDC transmission project currently in operation between the PJM market and Long Island. Mr. Krapels is Chairman of Atlantic Energy Partners, the initial developer of Neptune.
Mr. Krapels is a principal in developing a second 660MW HVDC connection – the Hudson Transmission Project – between PJM and New York City. This project was selected by the New York Power Authority in its 2005 RFP process for New York City capacity. In late 2006, he established and was named Chairman of the New England Independent Transmission Company, which is developing another major HVDC transmission line in New England, the Green Line. In 2008, he joined several partners in the development of Viridity Energy, a company dedicated to developing projects that couple intermittent energy sources with demand response programs. Through controlled demand and distributed generation, Viridity uses smart grid technology to optimize power consumption of large campus-like institutions, such as universities or industrial complexes, in order to control both energy resources and demand simultaneously at multiple locations. A former energy consultant and advisor, he has provided valuation and due diligence services to many prominent investors in the energy arena. Mr. Krapels has also assisted major utilities, end users, and government agencies in the risk management sector of the energy industry. However, it was his work advising clients on the importance of the location of energy assets that led him to the field of transmission. He received his Ph.D. at the Johns Hopkins University, his M.A. at the University of Chicago, and his B.A., at the University of North Carolina, Chapel Hill. A native of the Netherlands, he is now a U.S. citizen and makes his home with his wife, Sarah Emerson, and their two sons in Andover, Massachusetts.
Stephen Conant
Stephen Conant is the Senior Vice President for Project Development for Anbaric. He has 20 years of experience in the electric power industry. Prior to moving to Anbaric, he was ESAI’s Senior Market Analyst for western power markets.
Mr. Conant has worked as a Senior Consultant for Stone & Webster Management Consultants where he prepared due diligence analysis for major power asset transfers, including coal, natural gas, and hydroelectric power plants and natural gas pipe lines. Prior to joining the private sector Steve worked 12 years in local, state, and federal government, including three years for the U.S. House of Representatives. Mr. Conant’s experience includes environmental permitting for major capital projects, including air permitting, power plant licensing, and hazardous waste remediation. Mr. Conant holds a Master’s degree in Urban and Environmental Policy from Tufts University.
Bryan Sanderson
Bryan Sanderson has over a decade of experience in energy markets, with a strong background in both the natural gas and power sectors. Prior to joining Anbaric, he held roles in project development and energy marketing with Invenergy, an IPP specializing in the development of wind and natural gas generation assets. In these roles he was responsible for early stage development activities, as well as hedge risk and market modeling for assets approaching or in commercial operation.
Before moving the asset side of the energy business, Mr. Sanderson spent six years providing consulting and market advisory services to a range of clients across the energy value chain, and three years on the energy trading desk of a major hedge fund. In these roles, he was responsible for modeling supply, demand, price, basis, analyzing numerous market-related issues, and communicating his views on the markets to clients and traders. Mr. Sanderson holds a BS and MS in Chemical Engineering from MIT, and an MBA from the Kellogg School of Management at Northwestern University.
Clarke Bruno
Clarke Bruno oversees the company’s legal affairs and projects in the Mid-Atlantic region. He has had almost two decades of experience in the private and public sector in energy and environmental policy, project development, and litigation and regulatory law.
As counsel to former New Jersey Governor Corzine, he helped prepare the State’s energy master plan and provided legal and policy analysis on the State’s initiatives to upgrade the grid, spur renewable energy projects, redevelop brownfields, and increase public and private infrastructure investments. As a senior attorney during Mayor Bloomberg’s first term in New York City, Mr. Bruno led the team that won dismissal of four twenty-year old class action lawsuits and revitalized a 50-member legal department. Before entering government, he was a regulatory lawyer and litigator for nine years and clerked for a federal judge for one year. Mr. Bruno has also developed 195 units of low and moderate income housing in New York City.
Mr. Bruno graduated with honors from Swarthmore College where he won a Watson fellowship and cum laude from New York University School of Law where he was awarded a Hays fellowship. He has lived in France, Ghana, and Brazil and is fluent in French and Portuguese.
DEVELOPMENT PARTNERS
Howard Kosel
Mr. Kosel is an Anbaric Development Partner for the Poseidon Transmission project. Mr. Kosel has over 37 years of experience in the energy industry. Prior to joining the Anbaric team Mr. Kosel was a Managing Director at Abatis Capital LLC, an energy focused private equity firm. At Abatis Capital, Mr. Kosel lead the Asset Team responsible for asset valuation, market analysis and due diligence of prospective investments.
Prior to joining Abatis Capital Mr. Kosel was Vice President of KeySpan Corporation’s unregulated subsidiary KeySpan Energy Development Corporation, where he had responsibility for developing and executing KeySpan’s electric and gas asset strategy, including asset acquisitions, development, enhancements, optimizations and divestitures. During his career at KeySpan Mr. Kosel also served as Vice President of Generation Operations responsible for managing a fleet of 4,100 megawatts and growing it to over 6,800 megawatts of installed capacity. The growth led by Mr. Kosel is highlighted by KeySpan’s acquisition of the Ravenswood Generating facility, a 2,168 megawatt generating facility located in New York City, the development and construction of the Ravenswood 40 a 250 megawatt natural gas fired combined cycle facility and development and construction of 160 megawatts of peaking power plant projects on Long Island.
Additionally, during his tenure at KeySpan, Mr. Kosel held many senior operating positions in electric generation including plant manager and chief engineer, and transmission and distribution including Manager of Electric Design and Construction responsible for managing the maintenance, design and construction of the overhead and underground electric transmission and distribution system on Long Island.
Hugh D. Baker, Jr.
Mr. Baker is Managing Director of HDBaker & Company, an independent firm focused on electric utility infrastructure project development and consulting. He has more than 31 years of experience in the energy industry having worked in virtually every part of the electric utility value chain. Mr. Baker is a partner with Anbaric in the development of a major undersea transmission facility. He is also currently providing consulting services to a variety of clients in the areas of renewable energy project development and smart grid.
Prior to launching HDBaker & Company in 2008, Mr. Baker was for over 10 years the President of the power IBU within a large privately owned energy, real estate and private equity investment conglomerate. During that time, Mr. Baker was in charge of generation, transmission and distribution project development activities, high tech real estate development, and investments in energy technology companies. As part of the portfolio of projects he managed during that time, he also led the operations of one of the leading sub-metering companies in the US and a meter data management service provider organization. One of the most notable projects during that time involved Mr. Baker’s role as a co-founder of the first new regulated electric utility company in the US since at least the 1960’s. That utility company became the platform to develop additional wires infrastructure, including the first bulk power HVDC link between the United States and Mexico.
Earlier in his career, Mr. Baker was a consultant to electric utilities, providing strategic, technical and financial consulting services to clients in the areas of transmission open access arrangements, nuclear and coal power plant joint ownership arrangements, wholesale power sales and purchasing, retail energy purchasing, mergers and acquisitions, rates, and litigation support/expert witness activities. Mr. Baker was involved in several of the very first open access transmission cases filed after the passage of the Energy Policy Act of 1992. In addition to his consulting and project development careers, he also spent time working for several energy marketing companies.
Mr. Baker holds a Bachelor of Electrical Engineering degree from the Georgia Institute of Technology and a Master of Business Administration degree from Georgia State University. He is a registered Professional Engineer in California. Mr. Baker is the author of a several articles on power marketing and trading, advanced customer program management, and call center construction. He has been a speaker at numerous industry conferences. Mr. Baker has testified before the Federal Energy Regulatory Commission, the Public Utility Commission of Texas, the South Carolina Public Service Commission, and in several civil litigation proceedings. He also served as a member of the New York Mercantile Exchange Electricity Futures Advisory committee upon its original formation in 1992. Mr. Baker lives in Kailua-Kona, Hawaii.
