Michael Stevens, CEM

Michael Stevens, CEM

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location of Michael Stevens, CEMOrchard Park, New York, United States

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  • Timeline

  • About me

    Chief Operating Officer at WellStat

  • Education

    • State University of New York at Buffalo

      1997 - 2003
      Master of Business Administration (M.B.A.) Marketing
  • Experience

    • Integrys Energy Services

      Apr 2003 - Nov 2014

      Responsible for planning, coordinating and formally leading a regional Power Deal Management Team. Responsible for the development, deployment and monitoring of the day-to-day processes, procedures and priorities that support the retail electric business model in the region with a focus towards the support of sales and customer retention. Share management responsibility and accountability for the timeliness and accuracy with which the invoicing function is performed for retail electric customers in the region with the Power Invoicing Leader. Possess an expert level understanding of both the LDC(s) and ISO(s) tariffs as well as customer contract language which governs the obligations to our retail electric customers within the respective region. Work to standardize/streamline retail electric business processes while ensuring customer value add; and development of retail electric operational best practices in support of the regional market. Collaborate with other functional leaders to address company wide objectives and procedural enhancements. Responsible for achieving and tracking regional performance targets including margin guidelines and business rules. Maximizes teamwork and fosters an environment that is consistent with corporate values and expectations. If applicable, oversee the demand response operations responsibilities in the region. Show less Work with Sales channel employees to ensure timely responses to customer retail electric pricing requests/proposals. Obtain the historic usage data for pricing purposes and validate/profile this data such that a clean usage dataset is established which will enable accurate pricing. Verify costing, risk assumptions and margin guidelines built into the pricing models for various product options with reference to historic information to track their validity and provide feedback to the organization. Responsible for updating and maintaining the risk management systems related to the various retail electric market(s) served. Responsible for accurate account and deal set-up to ensure that other downstream systems and processes are functioning effectively. Identifying on-going opportunities for process improvement or system enhancements. Provide support to transfer the PDM process to an automated platform and support continued enhancements to such. In addition, possess an expert level understanding of LDC and ISO tariffs in the region, work effectively with sales channels and/or other adjacent departments to improve business processes and successful outcomes, provide retail electric product development guidance, education and communication materials to enhance understanding and product clarity to others, serve as an informal leader of the PDM team, lend expertise to assist other regions in resolving issues. If applicable, support demand response programs in the region. Show less Collaborate with direct/indirect sales ensuring timely response to customer pricing inquiries/proposals/requests. Verify cost, risk assumptions (shaping/straddles/risk premiums) & margin guidelines built into pricing models for various product options with reference to historic data tracking validity & providing feedback to organization. Utilize Excel &/or other applications to analyze/graph customer usage trends, historical cost of goods, & anomalies. Support Sales & PDM on complex bids/RFPs, one-off opportunities, & Customer meetings. Possess expert user of Aperio &/or position management systems, demonstrating the ability to tweak deals such as Blend & Extends, run MTM for early terms, analyze anomalies & report errors to Risk/Accounting/Forecasting. Proactively monitor/update LOCs & other data that have changed critically over time. Responsible for accurate accountt & deal set-up ensuring that other systems/processes (e.g. enrollment, billing, forecasting, accounting, risk, etc.) are functioning efficiently/effectively. Identify on-going opportunities for process improvement/system enhancements. Provide support transferring the manual processes to automated platforms & support ongoing enhancements. Support New Product / Market Entry/Unique Product not found in every market. (DMM, Demand Response, New LDC; etc). Assist Accounting, Risk, PDM on internal/SOX audits, initiating process changes, & admin of internal/compliance controls. Show less

      • Channel Development Manager

        May 2013 - Nov 2014
      • Regional Operations Leader

        Feb 2010 - May 2013
      • Regional Pricing Leader

        Aug 2007 - Feb 2010
      • Senior Retail Pricing Analyst

        Aug 2006 - Aug 2007
      • Retail Pricing Analyst

        Apr 2003 - Aug 2006
    • Constellation

      Nov 2014 - Nov 2016
      Senior Business Development Manager
    • Global Energy, LLC

      Nov 2016 - Dec 2018
      Vice President
    • WellStat

      Sept 2018 - now
      • Chief Operating Officer

        Oct 2021 - now
      • EVP

        Oct 2019 - Sept 2021
      • SVP Development

        Jun 2019 - Oct 2019
      • VP of Energy Supply

        Sept 2018 - Jun 2019
  • Licenses & Certifications

    • Certified Energy Manager (CEM)

      Association of Energy Engineers
      Dec 2020
      View certificate certificate