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72. Advice for a Good Career and a Good Life from a Power Company CEO
Jacob Worenklein is the CEO of US Grid Company (USGRDCO), which is focused on owning and operating major power plants in US cities and transitioning them to lower carbon.
From 2017 to early 2020, he was also Chairman of LS Power’s Ravenswood Power Holdings, which owns the largest power plant in New York. Jay founded and served from 2003 to 2008 as Chairman and CEO of US Power Generating Company, which owned 5,200 MWs of generating capacity in New York City and Boston, representing 20% of NYC’s capacity and 50% of Boston’s.
Jay began his career at Milbank Tweed Hadley & McCloy, where he practiced law for 20 years, created the world’s largest global power and projects practice and served on Milbank’s three-person executive committee.
Jay left Milbank to head the global project finance and independent power business of Lehman Brothers, where he helped open the global capital markets to the financing of projects. He then served as global head of the energy, power and infrastructure groups at Societe Generale, which under his leadership was named by Euromoney in 2001 as the World’s Best Project Finance Bank. In 2002 Jay received the first Lifetime Achievement Award from Infrastructure Journal in London.
Jay has served on the boards and audit committees of public and private companies. He is chairman of the Interfaith Alliance, dedicated to safeguarding the constitutional rights of all Americans. He is a trustee and co-chair of the Policy & Impact Committee of the Committee for Economic Development (CED) and a member of the Council on Foreign Relations and was a board member of the Federation of Jewish Philanthropies of New York.
Jay has taught classes on ethics and business at Princeton, Yale and NYU. He is a graduate of Columbia and has JD and MBA degrees from NYU.
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By Benji Sklar
5
88 ratings
Jacob Worenklein is the CEO of US Grid Company (USGRDCO), which is focused on owning and operating major power plants in US cities and transitioning them to lower carbon.
From 2017 to early 2020, he was also Chairman of LS Power’s Ravenswood Power Holdings, which owns the largest power plant in New York. Jay founded and served from 2003 to 2008 as Chairman and CEO of US Power Generating Company, which owned 5,200 MWs of generating capacity in New York City and Boston, representing 20% of NYC’s capacity and 50% of Boston’s.
Jay began his career at Milbank Tweed Hadley & McCloy, where he practiced law for 20 years, created the world’s largest global power and projects practice and served on Milbank’s three-person executive committee.
Jay left Milbank to head the global project finance and independent power business of Lehman Brothers, where he helped open the global capital markets to the financing of projects. He then served as global head of the energy, power and infrastructure groups at Societe Generale, which under his leadership was named by Euromoney in 2001 as the World’s Best Project Finance Bank. In 2002 Jay received the first Lifetime Achievement Award from Infrastructure Journal in London.
Jay has served on the boards and audit committees of public and private companies. He is chairman of the Interfaith Alliance, dedicated to safeguarding the constitutional rights of all Americans. He is a trustee and co-chair of the Policy & Impact Committee of the Committee for Economic Development (CED) and a member of the Council on Foreign Relations and was a board member of the Federation of Jewish Philanthropies of New York.
Jay has taught classes on ethics and business at Princeton, Yale and NYU. He is a graduate of Columbia and has JD and MBA degrees from NYU.
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