Andy Ott will retire from his position as president and CEO of PJM Interconnection, the grid operator announced May 28.
His retirement will be effective June 30, but he has agreed to serve as an adviser to the PJM Board of Managers through Dec. 31 to "ensure a smooth leadership transition," PJM said.
Ott joined the regional transmission organization in 1996 and helped launch its wholesale energy market in April 1997. He was appointed president and CEO of PJM in 2015 after holding a number of senior leadership positions.
Andy Ott plans to retire from his position as president and CEO of PJM Interconnection on June 30.
"I am grateful to have worked with such a talented group of people throughout my career at PJM, and I know PJM will continue to move ahead with solid values and integrity," Ott said in a statement.
PJM said its Board of Managers has formed a committee to oversee the search for a new CEO. In the interim, Susan Riley, a board member since 2005, will serve as interim CEO, beginning July 1.
At the same time, PJM announced a series of executive appointments the grid operator said "are designed to realign responsibilities and refine the focus on its key functions of system reliability, competitive wholesale electricity markets and infrastructure planning."
Michael Bryson, previously vice president of operations, has been appointed senior vice president of operations and will report to the CEO. Bryson will continue to oversee PJM's transmission operations for real-time systems, scheduling, transmission dispatch and generation dispatch, reliability coordination, training and engineering analysis.
Frederick "Stu" Bresler has been named senior vice president of markets and planning. He previously was senior vice president of operations and markets.
Steven Herling, vice president of system planning, will move to the role of executive consultant, where he will focus on strategic system planning projects. Meanwhile, Kenneth Seiler has been promoted to vice president of planning after previously serving as executive director of system planning.
And Adam Keech has been promoted to vice president of markets, where he will oversee all of the wholesale markets operated by PJM, including those for capacity, day-ahead and real-time energy, ancillary services and financial transmission rights. Keech previously was executive director of markets operations.
"We're ensuring that the structure of the company reinforces our commitment to reliable operations, fair and efficient wholesale markets and infrastructure planning," Ott said. "Each of these promotions helps ensure we continue to be an electric industry leader in areas that are critical for our members, stakeholders and the 65 million people in the region served by PJM."
PJM's footprint includes all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia. The RTO's operations produce annual savings of $2.8 billion to $3.1 billion, PJM said in a news release.
The personnel moves come as the grid operator plans to forge ahead with its next capacity auction as planned Aug. 14 despite the wishes of some of its largest member utilities and consumer advocates in the territory it oversees. The auction originally was scheduled for May but was pushed back to allow the grid operator to implement rule changes aimed at addressing the impact of state energy subsidies on the region's capacity market. The Federal Energy Regulatory Commission has not yet ruled on those proposed changes.