New Trustee, Mark O’Luck, Participates in His First N.Y. Power Authority Board Meeting
May 27, 2010
FOR IMMEDIATE RELEASE
ELMIRA—At its meeting on Wednesday, the New York Power Authority (NYPA) Board of Trustees welcomed a new member to its ranks—Mark O’Luck of Manhattan—who was confirmed in April by the New York State Senate following his nomination by Gov. David A. Paterson last year to the board.
“I’m looking forward to working closely with Mark in carrying out the Power Authority board’s responsibility of overseeing NYPA senior management,” said Michael J. Townsend, NYPA chairman, who heads the board. “The Power Authority is pursuing exciting opportunities on various fronts for spurring a clean energy economy, energy efficiency and economic development, in addition to operating generating and transmission facilities around the state. It’s crucial to have dedicated, knowledgeable board members at the helm who recognize the special role that NYPA plays for New York’s economy and environment, and opportunities for enhancing the Authority’s value to the state. Mark certainly has those qualities.”
“Mark brings well-rounded experiences to the Power Authority board in running his own enterprise as a business consultant to major corporations and government agencies, and in promoting economic development through his active participation in civic affairs,” said Richard M. Kessel, NYPA president and chief executive officer. “His practical knowledge of what it takes to run a successful enterprise gives him valued perspective on the important role that the Power Authority plays in economic development through its lower cost power allocations and in teaming with businesses in support of our statewide generating and transmission facilities. He also is a strong advocate for expanding new clean, renewable energy supplies.”
Kessel noted that lower cost NYPA power is linked to nearly 385,000 jobs across the state, and that the Power Authority does business with numerous New York companies, spending hundreds of millions of dollars a year in connection with its 17 generating facilities and more than 1,400 circuit-miles of high-voltage transmission lines. Under the direction of the trustees and Kessel, NYPA is also advancing major solar and wind power initiatives that promise to further diversify the state’s supplies of power, create new clean energy jobs and combat greenhouse gas emissions.
“The Power Authority is an integral organization to New York State’s electric power system, economy and environment,” said O’Luck. “I’m excited about the opportunity afforded me by Governor Paterson and the state Senate to apply my experiences in business and the community to the important work that NYPA conducts for the state.”
O’Luck, who is the founder and chief executive officer of Spectrum Personal Communications Corp., a diversified business consulting firm in Manhattan, fills a vacated NYPA board seat whose term runs to May 2012.
O’Luck established Spectrum in 1994 to provide consulting services to large construction projects and companies, Fortune 500 companies, and government agencies. Prior to that, he was co-founder and president of SBMA, a small business consulting firm, and worked as a business consultant and senior management consultant. Both of his companies have provided services to such energy firms as Brooklyn Union Gas, KeySpan Energy and TransGas Energy Systems.
He was also a member of the New York State Public Service Commission Consumer Advisory Council, and Con Edison Business Advisory Board.
An active member of the community, O’Luck has served as chairman of the Brooklyn Economic Development Corp.; vice chairman, Brooklyn Chamber of Commerce; regent, Long Island College Hospital; director, Brooklyn Bureau of Community Service; and director, Bedford Stuyvesant Restoration Corp. He has also served on the Independence Community Bank Business Advisory Board, and the Kings County Overall Economic Development Planning Committee.O’Luck taught courses in business management as an adjunct professor at New York University. He earned his B.A. from Norfolk State University in Norfolk, VA. He also has an honorary doctor of laws degree from St. Joseph’s College New York.
■ The New York Power Authority uses no tax money or state credit. It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity. ■ NYPA is a leader in promoting energy efficiency, new energy technologies and electric transportation initiatives. ■ It is the nation's largest state public power organization, with 17 generating facilities in various parts of New York State and more than 1,400 circuit-miles of transmission lines. ■ More than 80 percent of the electricity it produces is clean renewable hydropower. Its lower-cost power production and electricity purchases support hundreds of thousands of jobs throughout the state. ■For more information, www.nypa.gov.