Michael T. Steffes

President and Chief Executive Officer

Mr. Steffes assumed his role as President & Chief Executive Officer of ACES in September of 2013. As Senior Vice President & Chief Operating Officer at ACES for the previous 14 years, Mr. Steffes has been responsible for all commercial activities of the company. This encompasses managing the company’s areas of Marketing, Origination, Trading, Structuring, Fuels, and Emissions. Mr. Steffes offers customers a unique level of management experience in energy trading, having held similar executive positions with Pennsylvania Power & Light, Valero Energy and Hadson Gas Systems.

During 2010, Mr. Steffes was interim chief operating officer at East Kentucky Power Cooperative (EKPC) in Winchester, KY, heading up Production, Transmission, Operations and Planning activities. On assignment from ACES Mr. Steffes was a significant contributor to the successful transition of EKPC during a challenging financial period.

As Vice President of Marketing and Trading for PP&L in Allentown, Pennsylvania, Mr. Steffes led the development of the utility’s unregulated trading subsidiary into a profitable, full-service trading organization.

At Valero Energy, Mr. Steffes helped to pioneer state of the art risk management systems that provided portfolio valuation and calculated value at risk, which helped maximize profitability and managed the risk of Valero’s energy business.

At Hadson Gas, Mr. Steffes led one of the country’s leading natural gas marketing and trading businesses with a large physical and financial presence in the West Coast, Mid-continent, East Coast and Gulf Coast Regions.

In addition to his many years of hands-on energy trading experience, Mr. Steffes holds a Master of Business Administration degree from the University of Detroit.

“Our primary focus is to help our Members and Customers manage their energy cost and risk more efficiently. We continually anticipate what risks they will encounter, and collaborate with them to effectively manage those risks.”

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