CEO Today Global Awards

www.ceotodaymagazine.com 58 CEO Today Global Awards 2019 USA DOUG KIMMELMAN CEO of Energy Capital Partners ABOUT DOUG KIMMELMAN Holding a B.A. in Economics from Stanford University and an M.B.A. from the Wharton School at the University of Pennsylvania, Doug Kimmelman established Energy Capital Partners in April 2005 and serves as its Senior Partner. He has spent his entire career investing in and advising companies in the electricity, natural gas and related sectors. Prior to founding Energy Capital Partners, Doug Kimmelman spent 22 years with Goldman Sachs, starting in 1983 in the firm’s Pipeline and Utilities Department within the Investment Banking Division. He was named a General Partner of the firm in 1996 and remained exclusively focused on the energy and utility sectors in the Investment Banking Division until 2002 when he transferred to the firm’s J. Aron commodity group to help form a new business for the firm in becoming an intermediary in electricity trading markets. Doug Kimmelman was instrumental in developing the Constellation Power Source concept as the initial entry point for Goldman Sachs as a principal into electricity markets. He also played a leadership role at Goldman Sachs in building a principal investing business in power generation and related energy assets. Doug Kimmelman currently serves on the boards of Calpine Corporation, US Development Group, LLC, USD Partners, LP, Sunnova Energy Corp., and NESCO Holdings LP. What inspired you to found Energy Capital Partners? Has it achieved what you anticipated? I had been with Goldman Sachs for 22 years and was ready to find a more nimble and entrepreneurial platform to continue being an active principal investor in energy markets. I wanted the opportunity to build a culture from the ground up, I wanted to hand pick a team that had all the requisite skills to successfully invest and I wanted to create an organization that had the creativity and flexibility to quickly and efficiently execute on opportunities, something that can often become hard to do in a large organization. Surrounding myself with other energy experts made us so much more efficient than times at Goldman where I often found myself internally explaining the basics over and over rather than being out in the marketplace searching for deals. 13 years later, I think I can confidently say it was a good move! We now have nearly $20 billion of capital commitments and we have completed over 60 transactions representing over $45 billion in enterprise value. What has been your proudest moment at the firm since then? We recently completed an equity financing at Energy Capital that facilitated our ability to share the equity in the firm with all our employees. Surprising our most junior team members Q Q