Jeffrey D. Erdely
Managing Director — Trader
Jeff began his power career in 1990 with Allegheny Power as a Planning Engineer. Over the next six years, he worked in four different area field divisions. His responsibilities included the planning and budgeting for area power growth including upgrading and/or new installations of substations and transmission lines.
In 1996, Jeff moved to the central office and was part of a team who purchased and implemented a customer outage analysis system. This provided him with experience in identifying and implementing a computer system to solve customers' needs.
From September 1997 to December 2001, Jeff traded around Allegheny's generation fleet and arbitraged power by physically scheduling in ECAR, MAIN, MAPP, SERC, PJM and NY on an hourly and daily basis. Jeff also sold bilateral contracts at the PJM Western Hub on a balance of the day and Day Ahead basis. During this time he became extremely familiar with PJM's market model and physical scheduling requirements through active participation in many of the PJM market training courses. From December 2001 to April 2002, Jeff administered the trading and hedging strategies for Allegheny's generation fleet and load using PJM's Two Settlement Market, congestion management, and hourly market that helped optimize Allegheny's unique position as a border PJM control area. He also actively traded the
PJM Western Hub balance of the day financial and physical market.
From April 2002 to January 2003, Jeff helped to manage and fully integrate Allegheny's generation and load in the newly formed PJM West control area. He was responsible for offering the generation and buying the load day ahead, developing pricing strategies for the various types of generation (coal, pump storage, hydro, and natural gas), and helped to develop asset optimization tools.
Jeff obtained a Bachelor Degree in Electrical Engineering from Penn State University with an emphasis on power flows.