STEPHEN THOMAS - Associate
Steve Thomas has over 30+ years as a professional in the energy and finance industries and has extensive experience directly related to this proposal. Specifically, this includes work on the valuation of physical energy assets, such as, power plants, natural gas storage and oil & gas producing properties. He holds an M.S. in Technology & Policy from MIT, an MBA in Finance from the University of Colorado, and a B.S. in Civil Engineering from the University of Massachusetts.
Most recently, over the past seven years, he has worked as an independent risk management consultant and has been engaged in a number of contractual assignments that have involved performing risk analytics and developing valuation models in both the investment banking and energy industries.
Previously, Steve was a Director in Credit Suisse’s Strategic Risk Management Group for its North American commodity trading activities. Credit Suisse provided a full suite of commodity trading activities, including energy, base metals, precious metals and a wide array of complex derivative contracts. The Bank also actively provided credit intermediation services to energy companies, including credit support and structures for entities with physical assets (HRCOs, tolling transactions, reserve-based financing, etc.). In this role at Credit Suisse, Steve was responsible for managing the bank’s market risk oversight of its commodities trading activities based in New York and for assuring compliance to regulatory requirements.
Previous to entering the investment banking industry, Steve spent 10 years in the merchant power business at Edison Mission Marketing & Trading, a large power company with a significant physical portfolio, and one of the largest FTR traders in North America, and at PSEG, a large northeast regional utility with significant physical power and gas assets, and retail operations, where he held positions in risk management and quantitative analytics. During that time, he was involved in the study and valuation of a number of power plant acquisition projects, and played a key role in the development of the risk management function.
Steve also has extensive supermajor M&A experience, with over a decade at Exxon and Mobil Oil where he held positions in petroleum engineering and corporate planning. While at Mobil Oil, he was involved in numerous reservoir studies and M&A projects of oil & gas production assets.