BOARD OF DIRECTORS
Calvin Crowder is president and CEO of GridLiance, the nation’s first independent transmission company primarily focused on working with Public Power (municipal utilities, joint action agencies and electric cooperatives) to address and solve their transmission needs. As President and CEO, Crowder is responsible for the strategic vision and overall business operation of GridLiance and its independent transmission companies.
Crowder brings 25 years of electric utility industry experience to GridLiance, including expertise developing long-term expansion, regulatory and legislative approval plans as well as strong relationships with RTO officials and state and federal regulators.
Prior to GridLiance, Crowder served in roles of increasing responsibility at American Electric Power (AEP), one of the largest electric utilities in the U.S. Most recently, Crowder served as executive director of Electric Transmission Texas, LLC (ETT) for AEP and president of ETT, where he led the establishment of AEP’s first transmission joint venture and its growth to $3 billion in assets. Crowder also led negotiations on a $4.9 billion ERCOT CREZ transmission expansion plan, securing a $1.5 billion investment for ETT. During his tenure at AEP, Crowder also led the RTO and Public Policy team, which was responsible for the development and advocacy of policy positions across an 11-state AEP footprint.
Prior to AEP, Crowder held a variety of executive and policy leadership roles at Central and South West Corporation (CSW), including director of the Restructuring Support Team and director of Regulatory Services. While at CSW, Crowder played a critical role in integrating CSW following its $14 billion merger with AEP, including working with management to develop and execute regulatory policies and plans for corporate restructuring. Crowder began his career in the electric utility industry at Central Power and Light Company in Corpus Christi, Texas, where he served as a regulatory analyst.
Crowder earned his B.A. in Economics and his M.A. in Regulatory Economics from New Mexico State University. He serves on the boards of the Make-A-Wish Foundation of Central and South Texas, the Gulf Coast Power Association, and the Lorian Homeowners Association in Mountain Village, Colorado.
Terry Boston served as CEO of PJM from 2008 to 2016, where he designed and executed several key growth initiatives, including significantly increasing member participants (from 500 to 960 members), nearly doubling the market from $26 to $50 billion per year and developing the most advanced wholesale market for advanced energy storage in North America. Prior to joining PJM, Boston was the Executive Vice President of the Tennessee Valley Authority (TVA), the largest U.S. Public Power provider. In his 35 years at TVA, he directed divisions in transmission and power operations, pricing, contracts and electric system reliability.
Boston is a recognized industry thought leader and has served on the Board of the Electric Power Research Institute and as a member of the Bipartisan Policy Center task force to develop recommendations for U.S. energy policy. He is the immediate past President of the GO15 international association of large grid operators and the Association of Edison Electric Illuminating Companies. Additionally, Boston has served on the Boards of the North American Energy Reliability Corporation (NERC), North American Transmission Forum and the National Academy’s Board of Energy and Environmental Systems, among several others. He was one of the eight industry experts selected to direct NERC’s investigation of the August 2003 Northeast/Midwest blackout.
In 2014, Boston was elected to the National Academy of Engineering (NAE), one of the highest professional honors accorded to an engineer, for his leadership in the development and operation of large electric grids and markets for wholesale electricity. Boston’s other recognitions and honors include the “Leadership in Power” award from the IEEE Power and Energy Society in 2011 and the Electricity Storage Association’s Leadership Award in 2012. Boston holds a bachelor’s degree in engineering, magna cum laude, from Tennessee Technological University and a master’s degree in engineering administration from the University of Tennessee.
Darius Sepassi is a Principal in Blackstone’s Private Equity Group based in New York, where he is focused on investment activity in the energy sector.
Prior to joining Blackstone, Sepassi was a Senior Vice President at Oaktree Capital where he evaluated and executed investment opportunities primarily in the power generation and midstream energy sectors. Prior to Oaktree, Sepassi was a Vice President at Highstar Capital. Sepassi has also held positions as an Associate at First Reserve Corporation, focusing on leveraged equity investments in the global energy sector, and as an Analyst in the Leveraged Finance and Sponsor Coverage group at Bear Stearns.
Sepassi received a B.S., with distinction, in Accounting and an M.S. in Business Administration from the Pennsylvania State University.
Sean T. Klimczak is a Senior Managing Director in Blackstone’s Private Equity Group and is based in New York. Since joining Blackstone in 2005, Klimczak has been involved in the execution of several Blackstone investments, including various Sithe Global investments (including Goreway, Bujagali, GNP Mariveles and SKS), Cheniere Energy Partners, Fisterra, PQ Energy, Utility One Source, Meerwind, Transmission Developers, American Petroleum Tankers and The Weather Channel. Before joining Blackstone, Klimczak was an Associate at Madison Dearborn Partners. Prior to that, Klimczak worked in the Mergers & Acquisitions department of Morgan Stanley & Company’s Investment Banking Division. Klimczak received a B.B.A. in Finance and Business Economics from the University of Notre Dame, where he graduated summa cum laude and was elected to Beta Gamma Sigma, and an M.B.A. with High Distinction from Harvard Business School, where he graduated with the highest academic standing in his class and was selected as a Baker Scholar, a John L. Loeb Fellow, a Henry Ford II Scholar and a William J. Carey Scholar. Klimczak serves as a director of Sithe Global, Cheniere Energy Partners, Fisterra, PQ Energy, Onyx Renewables, Utility One Source, Meerwind, Transmission Developers and The Blackstone Charitable Foundation.
Michael Morris served in senior executive roles at American Electric Power Company (AEP) from 2003 to 2014, including as the Company’s Chairman, CEO and President. While at AEP, Morris refocused the Company’s strategy on its domestic utility business and championed development of new technologies to reduce emissions from coal-fired power plants. Prior to joining AEP, Morris was Chairman, President and CEO of Northeast Utilities System from 1997 to 2003, where he successfully managed the company through several transformative partnerships and transactions, including the sale of the Millstone Station nuclear plant, a merger with Yankee Energy System Inc. and the acquisition of Connecticut Valley Electric Co.
Morris also served as President and CEO of Consumers Power Company, the principal subsidiary of CMS Energy, from 1990 to 1997. Earlier in his career, he was President of Colorado Interstate Gas Co. and Executive Vice President of ANR Pipeline Co., both subsidiaries of El Paso Energy.
He has served on a number of influential and notable advisory boards, including the U.S. Department of Energy’s Electricity Advisory Board and the National Governors Association’s Task Force on Electricity Infrastructure. He is a member of the Board of Directors of Spectra Energy, L Brands, Alcoa and The Hartford Financial Services Group. He also serves on the Eastern Michigan University Board of Regents and is a trustee of the MSU College of Law. Morris holds bachelor’s and master’s degrees in biology from Eastern Michigan University. He received a law degree, cum laude, from the Detroit College of Law and is a member of the Michigan Bar Association.
John-Paul (JP) Munfa is a Principal in Blackstone’s Private Equity Group and is based in New York. Munfa joined Blackstone in 2004 and is focused on investments in the power and midstream energy sectors. Munfa has been involved in the execution of Blackstone’s investments in GridLiance, Utility OneSource, Lonestar Generation, Cheniere Energy Partners, PBF Energy and Global Offshore Wind. Munfa is currently a director of Cheniere Energy Partners (NYSE: CQP), GridLiance, and Global Offshore Wind. Munfa received an A.B. in Economics from Harvard College and an M.B.A. from the Stanford Graduate School of Business, where he graduated as an Arjay Miller Scholar.