Leadership Lyceum: A CEO's Virtual Mentor

A CEO's Virtual Mentor Episode 20 The ESG Canvas for Corporate Reporting with Pat Kampling, Chairman and CEO of Alliant Energy Welcome to Episode 20. I am joined by Pat Kampling, Chairman and Chief Executive Officer of Alliant Energy in Madison Wisconsin. This Episode 20 covers several areas of topical interest including a discussion on 'sustainability' and the quickly emerging and rapidly evolving area of ESG or "Environmental, Social, and Governance" criteria. Institutional investors are demanding action and attention to ESG and CEO's are responding by charting their companies' course. This is not without tension for corporate management teams. We'll discuss with Pat how she and Alliant have been addressing ESG and hopefully put you at ease. Madison-based Alliant Energy has a $10.8 billion market cap as a public utility holding company that provides regulated electric and gas service through its subsidiaries, Interstate Power and Light and Wisconsin Power and Light to 410,000 gas customers and just shy of one million electric customers. Pat has served as chairman and CEO since 2012 and prior to that, she was COO for about a year and prior to that, she was CFO and Treasurer and has an extensive finance background. Foundationally, Pat is an engineer and a registered professional engineer at that --- a true renaissance woman. I'd like to express our special thanks to the clients of Lyceum Leadership Consulting that enable us to bring you this podcast. The UN "Principles for Responsible Investment" or PRI are a set of six principles that provide a global standard for responsible investing as it relates to environmental, social and corporate governance (ESG) factors. Organizations follow these principles to meet commitments to beneficiaries while aligning investment activities with the broader interests of society. The PRI movement began in early 2005, when the then United Nations Secretary-General Kofi Annan invited a group of the world's largest institutional investors to join a process to develop the Principles for Responsible Investment. The Principles were launched in April 2006 at the New York Stock Exchange. Since then the number of signatories has grown from 100 to over 1,800. I'll briefly summarize the six principles that investor-signatories publicly demonstrate: They incorporate ESG issues into investment analysis and decision-making processes. They are active owners and incorporate ESG issues into their ownership policies and practices. They seek appropriate disclosure on ESG issues by the entities in which they invest. They promote acceptance and implementation of the Principles within the investment industry. They work together to enhance their effectiveness in implementing the Principles. They each report on their activities and progress towards implementing the Principles. Sweeping in its reach, isn't it? But what triggered a Madison-based company to consider these UN Principles as a guide? Thanks for listening. We can't improve without your feedback – write us through our website www.LeadershipLyceum.com and subscribe wherever you listen to your podcasts. Informative and Helpful Links The UN "Principles for Responsible Investment" or PRI. Alliant Energy's 2018 Corporate Sustainability Report Goldman Sachs' ESG Report from 2017. See the impressive list of "Key Metrics and Indicators" on page 30 – 32. Program Guide Episode 20 The ESG Canvas for Corporate Reporting with Pat Kampling, Chairman and Chief Executive Officer of Alliant Energy 0:32 Introduction to Episode 20 and Pat Kampling, Chairman and Chief Executive Officer of Alliant Energy 2:40 ESG discussion and the Sustainability Report of Alliant Energy 7:46 Break 1 8:12 Investor demands around ESG cuts through politics 9:05 Safety at Alliant Energy 13:38 Break 2 13:52 Culture shaping at Alliant Energy 21:04 Break 3 21:20 Experience and advice in moving from CFO to CEO 22:46 Increasing and managing the tempo of an organization 28:18 The CEO role as a liberating role 28:55 Farewell and congratulations on Pat Kampling's retirement effective July 1, 2019 28:54 Preview of upcoming Episode 21 with Ralph Izzo, Chairman, President and CEO of PSEG in Newark, NJ Biographies of Guests Ms. Patricia Leonard Kampling Pat Kampling is Chairman of the Board and Chief Executive Officer of Alliant Energy Corporation. Her broad experience within the utility industry has proven essential to Alliant Energy's ability to ensure competitive costs and reliable service for customers, while strategically leveraging a balanced generation portfolio. Pat has responsibility for leading the performance and strategic growth of Alliant Energy's regulated utility companies (IPL and WPL), serving customers in more than 1,200 communities throughout Iowa and Wisconsin. She also provides executive direction for Alliant Energy Resources, the parent company of Alliant Energy's non-regulated businesses, which includes Alliant Energy Transportation and non- regulated generation facilities. Pat joined Alliant Energy in 2005 and served originally as Alliant Energy's Vice President of Finance. She then transitioned into roles as Vice President and Treasurer; Vice President Chief Financial Officer and Treasurer; Executive Vice President and Chief Financial Officer. In these roles, Pat guided the financial objectives of the company, supported regulatory proceedings, promoted environmental commitments, and was instrumental in the development and communication of a long-term strategic plan. In 2011, Pat became President and Chief Operating Officer. She was responsible for overall corporate operations and was instrumental in the execution of Alliant Energy's capital plan, commitment to customers, environmental planning and safety initiatives. She was named Chairman, President and CEO in 2012. Before joining Alliant Energy in 2005, Pat spent more than 20 years in increasingly responsible finance, treasury, regulatory and engineering positions within Exelon Corporation, ultimately serving as Senior Vice President and Chief Financial Officer of Exelon Enterprises and the Treasurer of Commonwealth Edison. Pat holds bachelor's degrees in engineering and economics from Swarthmore College, an MBA from the University of Chicago Booth School, and is a registered Professional Engineer. She serves on the Boards of Directors of American Transmission Company and Briggs & Stratton Corporation. In February 2019, Pat announced her intent to retire from the company on July 1, 2019. The Board of Directors appointed Alliant Energy President and Chief Operating Officer John O. Larsen to succeed Kampling. More information on that announcement can be found in this article. Your host Thomas B. Linquist is the Founder and Managing Partner of Lyceum Leadership Consulting and Lyceum Leadership Productions. Over his 14 years in management and leadership consulting he has served a wide array of industrial clients. This includes leadership assessment and search for chief executive officers, chief financial officers, chief operating officers and boards of directors. He holds an MBA from the University of Chicago and over his 28-year career has served in a variety of roles: as an engineer with Shell Oil Company, a banker with ABN AMRO Bank, and as treasurer was the youngest corporate officer in the 150+ year history at Peoples Energy Company in Chicago. He is an expert on hiring and promotion decisions and leadership development. Over the course of his search career, he has interviewed thousands of leaders. Thanks for listening. We can't improve without your feedback – write us through our website www.LeadershipLyceum.com and subscribe wherever you listen to your podcasts. Please rate us and spread the word among your fellow executives and board colleagues. Program Disclaimer The only purpose of the podcast is to educate, inform and entertain. The information shared is based on the collection of experiences of each of the guests interviewed and should not be considered or substituted for professional advice. Guests who speak in this podcast express their own opinions, experience and conclusions, and neither The Leadership Lyceum LLC nor any company providing financial support endorses or opposes any particular content, recommendation or methodology discussed in this podcast. Follow Leadership Lyceum on: Our website: www.LeadershipLyceum.com LinkedIn: The Leadership Lyceum LLC Twitter: @LeaderLyceum https://twitter.com/LeaderLyceum Email us: info@LeadershipLyceum.com Thanks for listening. We can't improve without your feedback – write us through our website www.LeadershipLyceum.com and subscribe wherever you listen to your podcasts. Please rate us and spread the word among your fellow executives and board colleagues. This podcast Leadership Lyceum: A CEO's Virtual Mentor has been a production of The Leadership Lyceum LLC. Copyright 2019. All rights reserved.

A CEO's Virtual Mentor Episode 17 "Leading a Regional Electricity Grid and the Transition to a Clean Energy Future" with Gordon van Welie, President and CEO of ISO New England Welcome to Episode 17. I joined Gordon Van Welie, President and Chief Executive Officer of ISO New England on a clear late summer's day at his office just outside of Springfield, Massachusetts. The general population would likely not be aware of the pivotal and critical role that an independent system operator plays in the reliable delivery of electricity across large regions of the United States moment by moment, 24/7. ISO New England is an independent system operator that is responsible for the transmission of electricity across the six-state New England region that includes Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. The company's power system engineers, economists, computer scientists and other professionals ensure that the region has reliable, competitively priced wholesale electricity today and into the future. Gordon hails from South Africa and spent the foundational years of his career in a variety of engineering roles with Eskom, South Africa's electric utility. He joined Siemens and served as vice president and general manager of their power system's control division, delivering IT solutions for electric companies. From Siemens, he joined ISO New England as COO in September of 2000 and, shortly thereafter, was promoted to CEO in May of 2001. Thanks for listening. We can't improve without your feedback – write us through our website www.LeadershipLyceum.com and subscribe on iTunes. See you next time. Informative and Helpful Links FERC Orders 888 and 889 ISO New England's website Program Guide Episode 17 Leading a Regional Electricity Grid and the Transition to a Clean Energy Future An Interview with Gordon van Welie, President and Chief Executive Officer of ISO New England 0:30 Introduction to Episode 17 1:07 Introduction to ISO New England and Gordon van Welie its President and CEO 2:18 Foundations and origins of Independent System Operators and Regional Transmission Operators 3:50 Federal Energy Regulatory Commission (FERC) Orders 888 and 889 4:30 Critical policy question – how to decarbonize the electric system. 8:05 Break 1 8:22 The regional, state and federal level policy tapestry that affects the ISO 14:50 Break 2 10:56 The regional-level versus state-level policy in New England 17:55 Break 3 18:17 Operational risks such as fuel supply and the changing generation resource mix 19:23 "Fuel security" explained 21:24 Break 4 21:46 Is there a phased approach to a carbon-free future that assures power availability? 24:16 Electricity storage and other constraints on arrival speed to our clean energy future 26:40 Break 5 27:01 What can policy makers do to alleviate the constraints? 28:47 Resources, people and talent at the ISO that lead and stay abreast 30:26 Working with universities – intern programs and R&D work with professors 32:23 Closing comments – Perspective for young people coming up in a dramatically more exciting electric industry. Biographies of Guests Mr. Gordon van Welie Gordon van Welie is President and Chief Executive Officer of ISO New England Inc., having previously served as the company's Executive Vice President and Chief Operating Officer. He joined ISO New England from Siemens Power Transmission & Distribution LLC, where he served as Vice President and General Manager of the Power Systems Control Division and was responsible for managing information technology solutions for electric companies. Before coming to Siemens, Mr. van Welie held several positions at ESKOM, South Africa's electric utility based in Johannesburg. Mr. van Welie is a member of the Executive Committee of the US National Committee of CIGRE and the Member Representatives Committee of the North American Electric Reliability Corporation (NERC). In 2016, he was awarded the Leadership in Power Award from the IEEE Power & Energy Society. Subscribe to the podcast at iTunes: https://t.co/a70rtSiQnW Follow Leadership Lyceum on: Our website: www.LeadershipLyceum.com LinkedIn: https://www.linkedin.com/in/thomas-linquist-682997 Twitter: @LeaderLyceum https://twitter.com/LeaderLyceum Email us: info@LeadershipLyceum.com Please subscribe to the Leadership Lyceum at iTunes which will enable future content to come to you automatically. Rate us and spread the word among your fellow executives and board colleagues. Your host Thomas B. Linquist is the Founder and Managing Partner of Lyceum Leadership Consulting and Lyceum Leadership Productions. Over his 17 years in management and leadership consulting he has served a wide array of industrial clients. This includes leadership assessment and search for chief executive officers, chief financial officers, chief operating officers and boards of directors. He holds an MBA from the University of Chicago and over his 28-year career has served in a variety of roles: as an engineer with Shell Oil Company, a banker with ABN AMRO Bank, and as treasurer was the youngest corporate officer in the 150+ year history at Peoples Energy Company in Chicago. He is an expert on hiring and promotion decisions and leadership development. Over the course of his search career, he has interviewed thousands of leaders. Please subscribe to the Leadership Lyceum in the podcast section at iTunes which will enable future content to come to you automatically. Rate us and spread the word among your fellow executives and board colleagues. Program Disclaimer The only purpose of the podcasts is to educate, inform and entertain. The information shared is based on the collection of experiences of each of the guests interviewed and should not be considered or substituted for professional advice. Guests who speak in this podcast express their own opinions, experience and conclusions, and neither The Leadership Lyceum LLC nor any company providing financial support endorses or opposes any particular content, recommendation or methodology discussed in this podcast. This podcast Leadership Lyceum: A CEO's Virtual Mentor has been a production of The Leadership Lyceum LLC. Copyright 2019. All rights reserved.

A CEO's Virtual Mentor Episode 16 "Turnarounds, Veterans, and a Tribute to Senator John McCain" with Don Brandt, Chairman, President and Chief Executive Officer of Pinnacle West Interview with Don Brandt, Chairman, President and Chief Executive Officer of Pinnacle West (Ticker: PNW) and the turnaround of the company's principal subsidiary, regulated utility Arizona Public Service through regulatory processes; also hiring military veterans and reservists; and, a tribute to the late Senator John McCain. This episode is dedicated to our military veterans and to the memory of Senator John McCain of Arizona. Welcome to Episode 16. I joined Don Brandt, Chairman, President and Chief Executive Officer of Pinnacle West, more commonly known as Arizona Public Service, under azure Phoenix skies in early March of 2018. $3.5 bln revenue Pinnacle West Capital Corp. is an energy holding company based in Phoenix, Arizona, has consolidated assets of about $17 billion, about 6,200 megawatts of generating capacity and 6,300 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the Company provides retail electricity service to nearly 1.2 million Arizona homes and businesses. This episode is dedicated to our military veterans and to the memory of Senator John McCain of Arizona. Arizona Public Service has its origins within a storied past. Natural and man-made infrastructure were key to the settlement of the western US and provide the backdrop or dramatic context for wild west legend and lore. Railroads access, river crossings, mining, water resources, and power generation were antecedent admixtures to the conditions for statehood in the west. Arizona Public Service was founded five years after the infamous gunfight at OK Corral and a quarter century before Arizona became a state. The company has served Arizona for more than 125 years. Thanks for listening. We can't improve without your feedback – write us through our website www.LeadershipLyceum.com and subscribe on iTunes. See you next time. Program Guide Episode 16 Turnarounds, Veterans, and a Tribute to Senator John McCain with Don Brandt, Chairman, President and Chief Executive Officer of Pinnacle West 0:30 Introduction to Episode 16 2:12 Leading a turnaround of the utility through more effective regulatory processes 5:17 Break 1 5:33 Broader historical context for the setting of the turnaround 12:06 Break 2 12:23 Managing decisions and divestiture of non-regulated diversified assets 14:47 Hiring Military Veterans and Reservists 18:30 Break 3 18:53 Don Brandt and Tony Orlando - Tribute to Senator John McCain 26:31 The End Biographies of Guests Mr. Donald Brandt Donald Brandt is Chairman of the Board, President and Chief Executive Officer of Pinnacle West and Arizona Public Service (APS). In 2009, Brandt was elected to Pinnacle West's board of directors and promoted to Chairman, President and CEO of Pinnacle West and Chairman and CEO of APS. Before assuming these responsibilities, Brandt held several leadership positions with the company, including APS president, executive vice president and chief financial officer. He again added the title of president of APS in 2013. Prior to joining Pinnacle West in 2002, Brandt gained 20 years of power industry experience. He served as senior vice president and chief financial officer at Ameren Corporation, a St. Louis-based energy company. Prior to Ameren, he was at Price Waterhouse & Co., where he provided accounting, audit and consulting services to Fortune 500 public companies. A recognized industry leader, Brandt currently serves as chairman of the Nuclear Energy Institute and vice chairman of the Institute of Nuclear Power Operations. He also sits on the board of the Edison Electric Institute. Brandt is a leader in the community as well, serving on the boards of the McCain Institute, the Phoenix Art Museum and the Nature Conservancy in Arizona. Brandt earned his Bachelor of Science degree in business administration from St. Louis University. Mr. Tony Orlando Tony Orlando is one of America's most endearing and enduring iconic stars. 2017 finds Tony bringing his exhilarating energy, warmth and humor to a tour of live concert shows across the nation as he celebrates over five decades as a beloved entertainer. 2016 found Tony collecting a dizzying number of top honors. These include the Casino Entertainer of the Year Award, recipient of the "Best All Around Entertainer" Las Vegas which he has won a total of four times, and previously three times in Atlantic City; Jukebox Artist of the Year Award from the Amusement and Music Owners Association of New York; The Ellis Island Medal of Honor one of the nation's most prestigious awards; The Bob Hope Award for excellence in entertainment from the Congressional Medal of Honor Society honoring his efforts on behalf of our nation's veterans. Tony's tireless work on behalf of our veterans led to his being named Honorary Chairman at the 40th Anniversary at the NAM-POW's Homecoming Celebration at the Richard M. Nixon Presidential Library in 2014. He serves on the Board of Directors for the Eisenhower Foundation as well as Honorary Chairman of Snowball Express, an organization that serves the children of our fallen military heroes. Tony also hosts the Congressional Medal of Honor dinner every year in Dallas to honor our Medal of Honor recipients. He has also served as the Master of Ceremonies at the Secretary of Defense Freedom Awards at the Pentagon. Few entertainers have excelled in so many realms as Tony has: a top selling recording artist, songwriter, concert headliner, network television star, Motion Picture actor, Broadway performer and author. Tony was also GM and Vice President of CBS-Music Division April-Blackwood Music from 1966-1970. He represented such songwriters as James Taylor, Laura Nyro, Blood Sweat and Tears and signed and produced Barry Manilow's first recording while working for the legendary Clive Davis. Grammy Nominee Tony Orlando has sold millions of records, including five number one hits: "Tie A Yellow Ribbon 'Round The Ole Oak Tree," "Knock Three Times," "Candida," "My Sweet Gypsy Rose" and "He Don't Love You (Like I Love You)." "Tie A Yellow Ribbon" was the number one Billboard Song of 1973 and became Orlando's theme song, and grew into an American anthem of hope and homecoming, reunion and renewal. He has 2 Platinum albums, 3 Gold albums and 15 Top 40 Hits. Tony Orlando and Dawn rank among the Top 100 Billboard Magazine artists of all-time. The enormously popular Tony Orlando and Dawn television variety show ran for four seasons, from 1973 to 1977, on CBS. The show catapulted Tony Orlando and Dawn from popular recording artists into major stars. Tony Orlando and Dawn was the first multi-racial singing group to star in a network television series. Tony is still one of the most popular live concerts artists, and has headlined around the world and entertained for five US Presidents. Like a painter, Tony is an artist who steps onto a stage as if it were a blank canvas. Each show he weaves colorful emotions set to music touching the deepest part of a person's heart. A 2016 review says it best, "The truth is: Tony Orlando is more than a singer. He has the ability to reach an audience, touch us inside, and connect with us on a higher level with his voice, style, and values." Tony is a recipient of three American Music Awards and two People's Choice Awards for best male entertainer. For outstanding achievements to the entertainment industry Tony was awarded a star on the Hollywood Walk of Fame. Orlando has a wife Francine, a daughter Jenny and a son Jon. Thomas B. Linquist Your host Thomas B. Linquist is the Founder and Managing Partner of Lyceum Leadership Consulting and Lyceum Leadership Productions. Over his 16 years in management and leadership consulting he has served a wide array of industrial clients. This includes leadership assessment and search for chief executive officers, chief financial officers, chief operating officers and boards of directors. He holds an MBA from the University of Chicago and over his 27-year career has served in a variety of roles: as an engineer with Shell Oil Company, a banker with ABN AMRO Bank, and as treasurer was the youngest corporate officer in the 150+ year history at Peoples Energy Company in Chicago. He is an expert on hiring and promotion decisions and leadership development. Over the course of his search career, he has interviewed thousands of leaders. Please subscribe to the Leadership Lyceum in the podcast section at iTunes which will enable future content to come to you automatically. Rate us and spread the word among your fellow executives and board colleagues. Subscribe to the podcast at iTunes: https://t.co/a70rtSiQnW or SoundCloud: https://soundcloud.com/thomas-linquist Follow Leadership Lyceum on: Our website: www.LeadershipLyceum.com LinkedIn: https://www.linkedin.com/in/thomas-linquist-682997 Twitter: @LeaderLyceum https://twitter.com/LeaderLyceum Email us: info@LeadershipLyceum.com Please subscribe to the Leadership Lyceum at iTunes which will enable future content to come to you automatically. Rate us and spread the word among your fellow executives and board colleagues. Your host Thomas B. Linquist is the Founder and Managing Partner of Lyceum Leadership Consulting and Lyceum Leadership Productions. Over his 16 years in management and leadership consulting he has served a wide array of industrial clients. This includes leadership assessment and search for chief executive officers, chief financial officers, chief operating officers and boards of directors. He holds an MBA from the University of Chicago and over his 27-year career has served in a variety of roles: as an engineer with Shell Oil Company, a banker with ABN AMRO Bank, and as treasurer was the youngest corporate officer in the 150+ year history at Peoples Energy Company in Chicago. He is an expert on hiring and promotion decisions and leadership development. Over the course of his search career, he has interviewed thousands of leaders. Please subscribe to the Leadership Lyceum in the podcast section at iTunes which will enable future content to come to you automatically. Rate us and spread the word among your fellow executives and board colleagues. Program Disclaimer The only purpose of the podcasts is to educate, inform and entertain. The information shared is based on the collection of experiences of each of the guests interviewed and should not be considered or substituted for professional advice. Guests who speak in this podcast express their own opinions, experience and conclusions, and neither The Leadership Lyceum LLC nor any company providing financial support endorses or opposes any particular content, recommendation or methodology discussed in this podcast. This podcast Leadership Lyceum: A CEO's Virtual Mentor has been a production of The Leadership Lyceum LLC. Copyright 2018. All rights reserved.

The Philanthropy Episode – A Holiday Double Feature A CEO's Virtual Mentor® Episode 14 Holiday greetings from The Leadership Lyceum! Welcome to our 14th episode of the podcast. 'Tis the season of giving and we give you our holiday gift in the form of this holiday special double episode on Philanthropy. We'll cover the subject from a few different angles. First. from the perspective of the giver – with our first guest, University of Chicago benefactor Bernard DelGiorno. Bernie also advises his clients on charitable giving in his role in private wealth management at UBS. Next, from the angle of the recipient. We'll glean the perspectives of Jennifer Sampson, CEO of The United Way of Metropolitan Dallas. Jennifer led a remarkable turnaround in Dallas and has led the development of programs that fund impactful and innovative social entrepreneurship. Finally, we introduce you to a group of public company CEO's in Ohio that are leveraging their musical talents to raise money for charities in Ohio. Two of the CEOs that we feature have the ultra-cool distinction of being board members of the Rock and Roll Hall of Fame. We feature the music of the CEO band, Power Chords throughout the music interludes in the program. Segment I: Bernard DelGiorno, University of Chicago benefactor Segment II: Jennifer Sampson, CEO of the United Way of Metropolitan Dallas Segment III: The Ohio CEO band for charity - The Power Chords. Perhaps it is not widely known that there is a group of several CEOs in Ohio have given their musical talent and time to charitable fundraising events. One band that raises money for the Rock and Roll Hall of Fame includes three of the Rock and Roll Hall of Fame board members: Drums: Nick Akins, CEO of utility AEP in Columbus; Guitars, vocals and keyboards: George Barrett, CEO of Cardinal Health; Guitars: Dr. Michael Drake, President of The Ohio State University and; Bass: Greg Harris, President of the Rock and Roll Hall of Fame. Another band, The Power Chords, includes Akins and Barrett, plus multi-instrument virtuoso and vocalist Joe Hamrock, the CEO of utility NiSource. Segment III is my coverage of The Power Chords at their Thursday, September 28th evening gig fundraiser for the Mid-Ohio Foodbank in Grove City, Ohio, outside Columbus. Conclusion We hope you enjoyed this holiday season episode of A CEO's Virtual Mentor and the fitting subject of Philanthropy from its many different angles. It's clear across all of these segments the devotion of our guests to something larger than themselves. Famous Last Words We close our episode in Lyceum tradition with Famous Last Words. It's December 24, 1941. Christmas Eve. Just 17 days after the Japanese attack on Pearl Harbor. President Franklin D. Roosevelt lights the White House Christmas tree and is joined in this, his 9th ceremonial act (pre-presidential term-limits) by Prime Minister Winston Churchill, who was in Washington for the Arcadia Conference, the first wartime conference between these two close allies since the US entrance into World War II just 16 days prior on December 8th. Try as I might to edit this down for our 21st Century attention spans and our improved discourse efficiency at between 140 to 280 characters, with the fate of the world hanging in the balance, I lacked the courage to cut. Use a bookmark, because it's well worth a listen. On this day, 76 years ago, two of the 20th century's most monumental figures took the stage with two purposes. On the surface, they took to the microphone to announce the lighting of a tree. But in their soaring speeches, they made clear the principles for which they had now committed both of their nations. The overtones and undertones are thought-provoking and revealing for our current state of sensibility. Warm wishes for the holidays and for your resolve for the New Year. Thanks for joining us. We can't improve without your feedback – write us through our website www.LeadershipLyceum.com and subscribe on iTunes. See you next time. Program Guide Episode 14 The Philanthropy Episode 0:19 Introduction 0:29 Introduction to specific programming in this Episode 14 2:38 Segment I: Bernard DelGiorno, University of Chicago Benefactor 23:05 Segment II: Jennifer Sampson, CEO of The United Way of Metropolitan Dallas 53:20 Segment III: The Power Chords, Benefit Concert 54:18 Nick Akins CEO of AEP 57:19 Matt Habash, CEO of Mid-Ohio Foodbank 1:04:26 Nick Akins CEO of AEP 1:08:03 George Barrett, CEO of Cardinal Health 1:12:12 Joe Hamrock CEO of NiSource 1:13:04 Nick Akins CEO of AEP & Joe Hamrock CEO of NiSource 1:22:42 Conclusion and Famous Last Words with Franklin Roosevelt and Winston Churchill (Christmas 1941). Informative and Helpful Links Our Sponsor – TransparentCareer https://www.transparentcareer.com Board Game: Tesla vs Edison War of Currents To ensure pre-Christmas arrival, order your game now through Amazon at www.artana.com/store Segment I – The Benefactor – Mr. Bernard DelGiorno Article on University of Chicago Alumni Service Medal Award Recipient: http://www.kintera.org/site/c.fnKDIQNsEkG/b.5179039/k.9C22/Bernard_DelGiorno.htm Segment II – The Recipient – Jennifer Sampson, CEO of the United Way of Metropolitan Dallas https://unitedwaydallas.org/ Segment III – Giving Charitable Talents – Ohio's Rock and Roll CEOs The Rock and Roll Hall of Fame CEO Band: http://www.shadowboxlive.org/shows/are-you-ready-to-rock The Power Chords: https://aepretirees.com/2012/10/08/harvest-palooza-raises-50000-to-fight-hunger/ Rock and Roll Hall of Fame: https://www.rockhall.com Famous Last Words Historical Background on the Darkest Days of World War II – 17 days after Pearl Harbor – FDR and Churchill Together in Washington Christmas Tree Lighting Ceremony http://www.smithsonianmag.com/history/darkest-days-world-war-ii-winston-churchills-visit-white-house-brought-hope-washington-180961798/ The Full Audio of FDR and Churchill's Speeches on December 24th 1941 Christmas Tree Lighting Ceremony in Washington https://archive.org/details/PresidentFranklinRoosevelt411224WhiteHouseChristmasTreeCeremony Biographies of Guests Mr. Bernard DelGiorno Donor profile from the University of Chicago Alumni & Friends online community: http://www.kintera.org/site/c.fnKDIQNsEkG/b.5179039/k.9C22/Bernard_DelGiorno.htm Ms. Jennifer Sampson Ms. Jennifer Sampson has been Chief Executive Officer and President of United Way of Metropolitan Dallas since September 13, 2011. Ms. Sampson served as an Executive Vice President and Chief Operating Officer at United Way of Metropolitan Dallas Inc. since 2004. Ms. Sampson serves as a Member of Customer Advisory Board at Atmos Energy Corp. Mr. Nick Akins Nick Akins is chairman, president and chief executive officer of American Electric Power. He is AEP's 11th chairman, 10th president and sixth CEO in the company's more than 100-year history. He is a member of AEP's board of directors and is the only management representative on the board. Akins rose through the ranks at both AEP and the former Central and South West Corp. (CSW), which merged with AEP in 2000. Akins began his career in 1982 as an electrical engineer before moving up to positions of increasing responsibility. Prior to being elected president of AEP in December 2010, he served as executive vice president - Generation from 2006 through 2010 with responsibility for all generation activities of AEP's approximately 38,000 MW of generation resources. Previously, he served as president and chief operating officer for Southwestern Electric Power Company, and held other leadership roles in Energy Marketing Services, Transmission, External Affairs and Industry Restructuring. A native of Louisiana, Akins received his bachelor's degree in 1982 in electric engineering from Louisiana Tech University in Ruston and a master's degree in electrical engineering in 1986 from Louisiana Tech. Additional training includes executive management programs at Louisiana State University, the University of Idaho and the Reactor Technology Course for Utility Executives at the Massachusetts Institute of Technology. He is a registered professional engineer in Texas. Akins is a former chairman of the Board of Directors of both the Edison Electric Institute (EEI) and the Electric Power Research Institute (EPRI), and currently serves on both boards. He is a member of the Executive Committee of the Business Roundtable (BRT) and was appointed chair of the BRT's Energy and Environment Committee. Additionally, he is a member of the boards of the Nuclear Energy Institute (NEI), Global Sustainable Electricity Partnership (GSEP), The Columbus Partnership, Columbus Downtown Development Corporation, Nuclear Electric Insurance Limited (NEIL), Fifth Third Bancorp, OhioHealth and the Rock and Roll Hall of Fame and Museum. Akins and his wife, Donna, live in Dublin, Ohio. They have two adult sons. Matt Habash, CEO of Mid-Ohio Foodbank Matt Habash became executive director of Mid-Ohio Foodbank in 1984. Prior to that, Matt was with the St. Stephen's Community House, first as a youth worker and then as the assistant to the executive director. Matt also was a member of Columbus City Council from 1993 to 2006, serving as Council President from 1999 to 2006. As Council President, Matt governed with civility and humanity. Co-Chair with Columbus Mayor Michael B. Coleman, Matt led the 21st Century Growth initiative, a plan designed to balance job creation with sustainable neighborhood development. Other efforts spearheaded by Matt in his role as Council President was the 315 Research Corridor, the City's Indoor Clean Air Act and the City's Bike Path Plan. He holds a Masters of Business Administration from Xavier University, a Masters of Public Policy from The Ohio State University, and a Bachelor of Arts in philosophy from Xavier University. Matt takes an active leadership role in the community, having served on numerous boards and has received numerous awards, recognizing his commitment and work in serving those most vulnerable. Mr. Joe Hamrock Joe Hamrock serves as NiSource President and Chief Executive Officer. He has been in this role since July 1, 2015, and is also a member of the NiSource Board of Directors. Joe previously served as Executive Vice President and Group CEO for NiSource's Gas Distribution segment, which included local gas distribution companies in Kentucky, Maryland, Massachusetts, Ohio, Pennsylvania and Virginia. In that role, he was responsible for all financial, operational, regulatory and commercial performance at NiSource's gas distribution operations. In coordination with leadership teams across each of these areas, he focused on driving the company's long-term growth plan, premised on executing a steady stream of infrastructure improvements and growth investments, synchronized with complementary regulatory and customer program initiatives. Joe joined NiSource in May 2012 after serving in a variety of senior executive positions with American Electric Power (AEP), including President and Chief Operating Officer of AEP Ohio, and roles in engineering, transmission and distribution operations, customer service, marketing and information technology. He began his energy industry career as an electrical engineer in transmission and distribution planning at AEP in Steubenville, Ohio. He went on to work in commercial and industrial customer services, and held leadership roles in commercial marketing and customer services, strategic development and other executive roles. Prior to becoming President of AEP Ohio, Joe was Senior Vice President and Chief Information Officer in AEP's Shared Services organization from 2003-2007, and from 2002 to 2003 was Senior Vice President - General Services. Joe serves on the boards of the American Gas Association, Columbus Downtown Development Corp., the Columbus Partnership, the Greater Columbus Sports Commission and OhioHealth. He holds a bachelor's degree in electrical engineering from Youngstown State University and a master's degree in business administration from the Massachusetts Institute of Technology, where he was a Sloan fellow. Mr. George Barrett George S. Barrett is chairman and chief executive officer of Cardinal Health, a company ranked among the top 25 on the Fortune 500 and dedicated to improving the cost-effectiveness of health care. Barrett has refocused Cardinal Health on its essential role in supporting hospitals, pharmacies and alternative sites of care in their efforts to improve the quality and safety of patient care, while reducing costs and improving efficiency. The tagline – Essential to care – embodies the company's strategy and the culture of the organization. Barrett has been chairman and CEO of Cardinal Health since 2009. He joined the company in 2008 as vice chairman and CEO of the company's Healthcare Supply Chain Services. From 2005 to end-2007, Barrett served as president and CEO of North America for Teva Pharmaceutical Industries. During 2007, he also served as corporate executive vice president for Global Pharmaceutical Markets. He held the position of president of Teva USA from 1999 to end-2004. Prior to joining Teva, Barrett held various positions with Alpharma Inc., serving as president of US Pharmaceuticals from 1994 to 1997, and president of NMC Laboratories, prior to its acquisition by Alpharma in 1990. Barrett serves on the board of directors of the Federal Reserve Bank of Cleveland, Nationwide Children's Hospital and the board of trustees of the Corporation of Brown University. He is a member of the Healthcare Leadership Council and The Conference Board. He is also a member of the Business Roundtable, The Business Council and The Columbus Partnership. Barrett also serves on the board of directors of the Rock and Roll Hall of Fame. Barrett earned his Bachelor of Arts degree from Brown University and a Master of Business Administration from New York University. He also holds an Honorary Doctor of Humane Letters degree from Long Island University's Arnold & Marie Schwartz College of Pharmacy and Health Sciences. Subscribe to the podcast at iTunes: https://t.co/a70rtSiQnW or SoundCloud: https://soundcloud.com/thomas-linquist Follow Leadership Lyceum on: Our website: www.LeadershipLyceum.com LinkedIn: https://www.linkedin.com/in/thomas-linquist-682997 Twitter: @LeaderLyceum https://twitter.com/LeaderLyceum Email us: info@LeadershipLyceum.com Please subscribe to the Leadership Lyceum: A CEO's Virtual Mentor® at iTunes which will enable future content to come to you automatically. Rate us and spread the word among your fellow executives and board colleagues. Your host Thomas B. Linquist is the Founder and Managing Partner of Lyceum Leadership Consulting and Lyceum Leadership Productions. Over his 15 years in management and leadership consulting he has served a wide array of industrial clients. This includes leadership assessment and search for chief executive officers, chief financial officers, chief operating officers and boards of directors. He holds an MBA from the University of Chicago and over his 25-year career has served in a variety of roles: as an engineer with Shell Oil Company, a banker with ABN AMRO Bank, and as treasurer was the youngest corporate officer in the 150+ year history at Peoples Energy Company in Chicago. He is an expert on hiring and promotion decisions and leadership development. Over the course of his search career, he has interviewed thousands of leaders. Please subscribe to the Leadership Lyceum: A CEO's Virtual Mentor® in the podcast section at iTunes which will enable future content to come to you automatically. Rate us and spread the word among your fellow executives and board colleagues. Program Disclaimer The only purpose of the podcast is to educate, inform and entertain. The information shared is based on the collection of experiences of each of the guests interviewed and should not be considered or substituted for professional advice. Guests who speak in this podcast express their own opinions, experience and conclusions, and neither The Leadership Lyceum LLC nor any company providing financial support endorses or opposes any particular content, recommendation or methodology discussed in this podcast. This podcast Leadership Lyceum: A CEO's Virtual Mentor® has been a production of The Leadership Lyceum LLC. Copyright 2017. All rights reserved.

A CEO's Virtual Mentor Episode 12 Shareholder Activism – The Vulnerability Framework; Board Governance & Effectiveness; and a Conversation with WEC Energy Group CEO Allen Leverett Guests include: Chris Young, Managing Director and Head of the Contested Situations Group, Credit Suisse Allen Leverett, President and CEO of WEC Energy Tanuja Dehne, Corporate governance expert and independent director of publicly-traded companies. If you haven't joined us in a while, you may have missed the announcement that we formed two companies under Leadership Lyceum's brand: Lyceum Leadership Consulting which provides executive and board of director's search, board effectiveness review, and an array of services for successor development and board-readiness. And Lyceum Leadership Productions which brings you this podcast. Segment I - a continuation of our discussion on Shareholder Activism with Chris Young from Credit Suisse. We will cover what Chris describes as The Vulnerability Framework. We will discuss the conditions that make a company particularly vulnerable to activism. Segment II - a conversation with Allen Leverett, President CEO of WEC Energy Group in Milwaukee. We will discuss how WEC has reshaped itself through M&A over the last 10 years into a vastly different company that serves 4.4 million customers across 4 states in the upper Midwest. Segment III - a continuation of our discussion with Tanuja Dehne on impediments to boardroom effectiveness. Famous Last Words - In our last episode, Episode 11, we introduced a spot called Famous Last Words. We intersperse excerpts from MGM's 1954 movie Executive Suite starring William Holden, Barbara Stanwyck, and Fredric March. For you utility enthusiasts, it also stars the PPL Building (Pennsylvania Power & Light) in Allentown, Pennsylvania as the exterior of the Tredway Corporation. The plot backdrop -- Avery Bullard, President of the Tredway Corporation has died. But he never named a clear successor, so the Board members must choose. The most likely candidate is Loren Shaw, a skilled businessman with a high degree of financial acumen. Their intense and consequential boardroom discussion will weave through our episode. Thanks for joining us. We can't improve without your feedback – write us through our website www.LeadershipLyceum.com and subscribe on iTunes. See you next time. Informative and Helpful Links The Lyceum's Well-Tuned Governance Model https://www.leadershiplyceum.com/lyceum-board-effectiveness Program Guide Episode 12 Shareholder Activism – The Vulnerability Framework; Board Governance & Effectiveness; and Conversation with Wisconsin Energy CEO Allen Leverett 0:30 Introduction to Lyceum's brands and the podcast Episode 12 1:44 Introduction of Famous Last Words spot – MGM's Executive Suite 3:47 Famous Last Words spot – MGM's Executive Suite plot summary 2:35 Famous Last Words – Executive Suite 1/5 3:22 Break 1 3:36 Introduction to Segment I – Shareholder Activism with guest Chris Young, Managing Director of Credit Suisse on The Vulnerability Framework 7:20 Famous Last Words – Executive Suite 2/5 8:28 Break 2 8:41 Segment I (cont.): Chris Young of Credit Suisse 15:26 Famous Last Words – Executive Suite 3/5 17:17 Break 3 17:32 Wrap up of Segment I on Shareholder Activism and preview of next month's Episode 13 with the final chapter in the series with Chris Young. 17:48 Introduction of Segment II: Interview with Allen Leverett, CEO of WEC Energy Group 27:28 Break 4 27:51 Segment II (cont.): Interview with Allen Leverett 41:30 End of Interview with Paul Bonavia 33:45 Break 5 34:06 Segment II (cont.): Interview with Allen Leverett 37:03 End of Interview with Allen Leverett 37:08 Famous Last Words – Executive Suite 4/5 38:22 Break 6 38:35 Introduction to Segment III – Corporate Governance and Board Effectiveness, a continuation of our discussion with Tanuja Dehne on impediments to boardroom effectiveness. 45:34 End of Segment III and preview of next month's Episode 13 with Tanuja Dehne 45:45 Conclusion of Famous Last Words with Executive Suite 5/5 Biographies of Guests Mr. Chris Young Chris Young has been Managing Director and Head of the Takeover Defense Practice at Credit Suisse AG and Credit Suisse Group since June 1, 2010. Until May 2010, Mr. Young served as the Director of M&A and Proxy Fight at Institutional Shareholder Services (ISS). While at ISS, Mr. Young was responsible for analyzing contentious M&A transactions, proxy fights and corporate governance issues and providing proxy voting and tender offer recommendations for ISS institutional investor clients. Mr. Young also helped to facilitate a constructive dialogue between ISS institutional investor clients and senior executives and directors of public companies in the US and Europe. Mr. Young is regarded as a leading authority on contested M&A transactions and shareholder activism. Prior to ISS, Mr. Young was a member of the investment banking group at Bear Stearns and the M&A group at Sullivan & Cromwell. Mr. Young is a CFA charter holder, received his JD, magna cum laude, from Boston University and his BS from Georgetown University. Mr. Allen Leverett Allen Leverett was named president of WEC Energy Group in June 2015 and chief executive officer in May 2016. He was appointed to the board of directors in January 2016. Leverett had served as president of Wisconsin Energy Corporation since August 2013, as well as president – Wisconsin, Michigan and Minnesota, with responsibility for business operations of the company's utilities in those states. Previously, Leverett served as president and chief executive officer of We Generation, the company's power generation group, since March 2011, with overall responsibility for the company's electric generation portfolio, fuel procurement, environmental compliance and renewable energy development strategy. He joined Wisconsin Energy in 2003 as chief financial officer. In May 2004, he was named executive vice president and chief financial officer of Wisconsin Energy and We Energies. Prior to joining the company, Leverett served as chief financial officer and executive vice president of Georgia Power in Atlanta, Georgia. Before that, he was vice president and treasurer of Southern Company Services, with overall responsibility for financial planning and analysis, capital markets and leasing, treasury and investor relations. Previously, he held a variety of positions in transmission planning, integrated resource planning, strategic planning, wholesale marketing and finance. Leverett earned his bachelor's degree, summa cum laude, in electrical engineering and mathematics from Vanderbilt University, Nashville, Tennessee. He also earned a master's degree in electrical engineering from Stanford University, Palo Alto, California, and a Master of Business Administration degree with a finance concentration from Auburn University, Auburn, Alabama. Leverett is a director of American Transmission Co., non-executive chairman of Church Mutual Insurance Co., and a member of the board of directors of the Electric Power Research Institute (EPRI) and the Edison Electric Institute (EEI). Ms. Tanuja Dehne Tanuja Dehne is a public company director and former C-level executive of NRG Energy, Inc., a Fortune 250 power company. Tanuja brings perspective and experience from her cross-disciplinary roles to the C-suite and board room. She is a purpose-driven leader, cultivator of talent and proven strategist. She is an award winning corporate attorney, human resources professional and community volunteer who thrives when making a positive difference in the lives of others. During her tenure at NRG Energy, Inc., Tanuja had increasingly expansive roles: initially the company's securities and finance lawyer, then Corporate Secretary and lead M&A attorney, before becoming the head of Human Resources. Ultimately, in her role as EVP, Chief Administrative Officer and Chief of Staff, she oversaw the company's Human Resources, Information Technology, Communications, Marketing and Sustainability departments, the company's charitable giving program, M&A integrations, as well as the construction of NRG's sustainable corporate headquarters in Princeton, New Jersey. Tanuja also served as a sponsor, coach and "internal angel investor" of interdisciplinary innovation teams, including the team that created the "Path to Luma," an environmentally conscious puzzle game launched in August 2015 with record breaking downloads in the Apple and Google stores. Tanuja is a director of Advanced Disposal Services (NYSE: ADSW) and Granite Point Mortgage Trust, Inc. (NYSE: GPMT), and Board Trustee of the Geraldine R. Dodge Foundation, HomeFront of New Jersey and Young Audiences New Jersey and Eastern Pennsylvania. She is a frequent speaker on topics including leadership, corporate governance, and the intersection of the law and human resources. She received a B.A. from Lafayette College, Master's in Political Science from the University of Pennsylvania, and Juris Doctor from Syracuse University College of Law. Ms. Dehne's Upcoming Speaking Engagements: September 14, 2017: ABA Annual Meeting of Business Law Section in Chicago: Driving Boardroom Diversity: An Inside Look at What's Important and What's Next October 2, 2017: NACD Annual Global Summit, National Harbor, MD: Compensation Board Committee Forum October 25, 2017: BSR Annual Conference 2017 - How Businesses Lead in Los Angeles: "Engaging Boards: Making a Case" - engaging boards on sustainability issues Host Mr. Thomas B. Linquist Your host Thomas B. Linquist is the Founder and Managing Partner of Lyceum Leadership Consulting and Lyceum Leadership Productions. Over his 15 years in management and leadership consulting he has served a wide array of industrial clients. This includes leadership assessment and search for chief executive officers, chief financial officers, chief operating officers and boards of directors. He holds an MBA from the University of Chicago and over his 25-year career has served in a variety of roles: as an engineer with Shell Oil Company, a banker with ABN AMRO Bank, and as treasurer was the youngest corporate officer in the 150+ year history at Peoples Energy Company in Chicago. He is an expert on hiring and promotion decisions and leadership development. Over the course of his search career, he has interviewed thousands of leaders. Please subscribe to the Leadership Lyceum in the podcast section at iTunes which will enable future content to come to you automatically. Rate us and spread the word among your fellow executives and board colleagues. Subscribe to the podcast at iTunes: https://t.co/a70rtSiQnW or SoundCloud: https://soundcloud.com/thomas-linquist Follow Leadership Lyceum on: Our website: www.LeadershipLyceum.com LinkedIn: https://www.linkedin.com/in/thomas-linquist-682997 Twitter: @LeaderLyceum https://twitter.com/LeaderLyceum Email us: info@LeadershipLyceum.com Please subscribe to the Leadership Lyceum at iTunes which will enable future content to come to you automatically. Rate us and spread the word among your fellow executives and board colleagues. Program Disclaimer The only purpose of the podcasts is to educate, inform and entertain. The information shared is based on the collection of experiences of each of the guests interviewed and should not be considered or substituted for professional advice. Guests who speak in this podcast express their own opinions, experience and conclusions, and neither The Leadership Lyceum LLC nor any company providing financial support endorses or opposes any particular content, recommendation or methodology discussed in this podcast. This podcast Leadership Lyceum: A CEO's Virtual Mentor has been a production of The Leadership Lyceum LLC. Copyright 2017. All rights reserved.

Special Podcast Episode 10 "The Electric Utility Industry's Golden Age of Innovation: Now" Innovation Interviews with Eight CEOs After a bit of a hiatus, we are back. I can assure we have been busy on your behalf in the interim. We are delighted to announce that we formed two companies under Leadership Lyceum's brand: Lyceum Leadership Consulting which provides executive and board of director's search, board effectiveness review, and an array of services for successor development and board-readiness. And Lyceum Leadership Productions which brings you this podcast. We will be expanding the programming of the episodes this summer so please subscribe through iTunes and give us feedback. Tell us about leadership situations that you are interested in us exploring. Please visit our website www.LeadershipLyceum.com for all of our archived media and offerings. Welcome to this Special Episode of the Leadership Lyceum: A CEO's Virtual Mentor focused on innovation in an industry that many of us take for granted. We take an in-depth look at innovation in the electric utility industry. It's the Leadership Lyceum's opening act to Edison Electric Institute's annual industry convention that starts this weekend, June 11th in Boston. In this Episode, we take a look back at last year's convention in Chicago, where we conducted 10 interviews that included 8 CEOs from the electric industry covering all points along the electricity value chain from generation to transmission to distribution to the customer meter and beyond. We also have the perspective of a President of a venture capital-backed, technology provider to the industry; as well as the critical viewpoints of the regulator -- with the President of the National Association of Regulatory Utility Commissioners (or NARUC). By way of context for our broad listenership, Edison Electric Institute (or EEI), is the association that represents all U.S. investor-owned electric companies. EEI provides public policy leadership, strategic business intelligence, and essential conferences and forums for the industry. As a bit of an appeal to our broad listenership --- why should you care about this industry? Well its impact and influence is far-reaching and profound. The member companies of EEI provide electricity for 220 million Americans, operate in all 50 states and the District of Columbia --- and directly and indirectly employ more than one million workers. Our esteemed guests are all listed on the back of the album cover and on our website with links to their bios. As a reminder, we conducted these interviews in June of 2016. Our guests are as follows: Nick Akins, CEO of AEP in Columbus, OH; at the time, the outgoing Chairman of EEI. https://www.aep.com/about/leadership/profile.aspx?id=Akins Tom Fanning, CEO of Southern Company in Atlanta; at the time, the incoming Chairman of EEI. http://www.southerncompany.com/about-us/leadership/ceo.html Warner Baxter, CEO of Ameren Corporation in St Louis. https://www.ameren.com/about/warner-baxter Pedro Pizarro, CEO of Edison International; at the time, the President of Edison subsidiary Southern California Edison. https://www.edison.com/home/investors/corporate-governance/meet-our-board-of-directors/pedro-j-pizarro.html Jim Piro, CEO of Portland General Electric in Portland, OR http://investors.portlandgeneral.com/management.cfm Ralph Izzo, CEO of PSEG, in Newark, NJ; https://www.pseg.com/family/leadership/ceo.jsp Steve Berberich, CEO of California ISO; the ISO is one of the world's largest transmission organizations, managing the electric grid and wholesale power markets for 30 million Californians. https://www.caiso.com/about/Pages/OurLeadership/StephenBerberich.aspx Tony Earley, Executive Chair of the Board of PG&E Corporation in San Francisco; at the time, was Chairman, CEO and President of PG&E http://www.pgecorp.com/aboutus/our_team/TEarley.shtml Alex Laskey, Co-Founder and President of Opower; Alex sold his company to Oracle while we were at the convention in June 2016 https://www.ted.com/speakers/alex_laskey Travis Kavulla, Commissioner, Montana Public Service Commission; and at the time, was serving a term as President of National Association of Regulatory Utility Commissioners (or NARUC) http://psc.mt.gov/commissioners/District1/ Just prior to our interviews last year, Neil Irwin, senior economics correspondent for The New York Times (https://www.nytimes.com/by/neil-irwin) gave us inspiration in his walk down the memory lane of innovation in his May 15, 2016 "The Upshot" column titled "Tracking Down the Golden Age of Innovation". https://www.nytimes.com/2016/05/15/upshot/what-was-the-greatest-era-for-american-innovation-a-brief-guided-tour.html?smprod=nytcore-iphone&smid=nytcore-iphone-share Twitter: https://twitter.com/Neil_Irwin He posited in that article that a better way to understand the significance of technological change may be to come as close as we can to actually walking through those time periods, from the end of the Civil War to present, and understand the way we lived, ate, traveled and clothed and entertained ourselves. Through our conversation with these industry leaders, we will attempt to walk you through our current age of innovation in the electric power industry. Segment 1: Opening Statements – The Structure of the Industry. Travis Kavulla, President of NARUC and Commissioner of the Montana PSC. Steve Berberich, CEO of California ISO, managing the transmission grid across the state of California. Tony Earley, CEO of PG&E in San Francisco. Ralph Izzo, CEO of PSEG in Newark. Nick Akins, CEO of AEP in Columbus Steve Berberich, CEO of California ISO Segment 2: Interoperability, Data, and the Customer Steve Berberich, CEO of California ISO He expounds on the subject of interoperability of complex components of the electricity value chain. Nick Akins, CEO of AEP in Columbus Nick transitions into how technology has enabled customer relationships. Advanced Metering triggered proximity to the customer. Tony Earley, CEO of PG&E in San Francisco. Alex Laskey, President of Opower Pedro Pizarro, CEO of Edison International Segment 3: Boundary Conditions and how utilities are defining the boundaries of their service. Warner Baxter, CEO of Ameren in St Louis Pedro Pizarro, CEO of Edison International Steve Berberich, CEO of California ISO Travis Kavulla, President of NARUC and Commissioner of the Montana PSC. Nick Akins, CEO of AEP in Columbus Ralph Izzo, CEO of PSEG in Newark. Tom Fanning, CEO of Southern Company in Atlanta Tony Earley, CEO of PG&E in San Francisco. Segment 4: Collaboration with Disruptors and how utilities are partnering with the technologists on innovation and solutions. Warner Baxter, CEO of Ameren in St Louis Jim Piro, CEO of Portland General Electric Segment 5: Regulatory Barriers and Enablers to innovation. Travis Kavulla, President of NARUC and Commissioner of the Montana PSC. Pedro Pizarro, CEO of Edison International Alex Laskey, President of Opower Segment 6: Are We Pushing Hard Enough to Innovate? Travis Kavulla, President of NARUC and Commissioner of the Montana PSC. Nick Akins, CEO of AEP in Columbus Jim Piro, CEO of Portland General Electric Tom Fanning, CEO of Southern Company in Atlanta Segment 7: Parting Thoughts and Advice to Stakeholders. It's fitting that our three guests with the parting words are those who have transitioned since my interview with them last year. One through sale of company, one through executive retirement, and the other through expiration of term of service. Tony Earley, CEO of PG&E in San Francisco - who has now turned the leadership of PG&E over to his successor Geisha Williams. Alex Laskey, President of Opower Travis Kavulla, President of NARUC and Commissioner of the Montana PSC in the anchor position with advice on the posture and approach of stakeholders to foster innovation from the regulatory point of view. Our Parting Thoughts I can't think of a more fitting way to close this retrospective than drawing from the opening of Neil Irwin's NYT article that I mentioned at the outset of this episode. Are you a skeptical economist who believes that we're in a depressing era in which innovation has slowed and living standards are barely rising? Or are you a techno-optimist who believes that that our era, in which digital technology is transforming the underpinnings of human existence, is the golden age of innovation? Thanks for joining us. We can't improve without your feedback – write us through our website www.LeadershipLyceum.com and subscribe on iTunes. See you next time. Informative and Helpful Links Edison Electric Institute (EEI): http://www.eei.org/ Ameren Corporation: https://www.ameren.com/ American Electric Power: https://www.aep.com/ California ISO: http://www.caiso.com/ Edison International: http://www.edison.com/ Pacific Gas & Electric: https://www.pge.com/ Portland General Electric: https://www.portlandgeneral.com/ Public Service Enterprise Group: https://www.pseg.com/ Southern Company: http://www.southerncompany.com/ Oracle and Opower: https://www.oracle.com/corporate/acquisitions/opower/index.html Montana PSC: http://psc.mt.gov/ National Association of Regulatory Utility Commissioners (NARUC): https://www.naruc.org/ New York Times: https://www.nytimes.com/by/neil-irwin Program Guide: Special Episode 10 "The Electric Utility Industry's Golden Age of Innovation: Now" Innovation Interviews with Eight CEOs 0:30 Introduction to the Lyceum Leadership Consulting and Lyceum Leadership Productions 1:15 Introduction to "Innovation in the Electric Industry" through 10 interviews including 8 CEOs 4:05 Segment 1: Opening Statements – The Structure of the Industry 11:43 Break 1 11:57 Segment 2: Interoperability, Data, and the Customer 26:02 Break 2 26:24 Segment 3: Boundary Conditions - how utilities are defining the boundaries of their service. 36:50 Break 3 37:03 Segment 4: Collaboration with Disruptors 39:32 Break 4 39:49 Segment 5: Regulatory Barriers and Enablers 45:16 Break 5 45:31 Segment 6: Are We Pushing Hard Enough to Innovate? 51:12 Break 6 51:34 Segment 7: Parting Thoughts and Advice to Stakeholders 57:04 Lyceum's Parting Thoughts 57:37 End of Episode Subscribe to the Podcast at: iTunes or SoundCloud Follow Leadership Lyceum on: www.LeadershipLyceum.com LinkedIn Twitter Instagram Facebook Email us: info@LeadershipLyceum.com Please subscribe to the Leadership Lyceum at iTunes which will enable future content to come to you automatically. Rate us and spread the word among your fellow executives and board colleagues. Your host Thomas B. Linquist is the Founder and Managing Partner of Lyceum Leadership Consulting and Lyceum Leadership Productions. Over his 15 years in management and leadership consulting he has served a wide array of industrial clients. This includes leadership assessment and search for chief executive officers, chief financial officers, chief operating officers and boards of directors. He holds an MBA from the University of Chicago and over his 25-year career has served in a variety of roles: as an engineer with Shell Oil Company, a banker with ABN AMRO Bank, and as treasurer was the youngest corporate officer in the 150+ year history at Peoples Energy Company in Chicago. He is an expert on hiring and promotion decisions and leadership development. Over the course of his search career, he has interviewed thousands of leaders. Please subscribe to the Leadership Lyceum in the podcast section at iTunes which will enable future content to come to you automatically. Rate us and spread the word among your fellow executives and board colleagues. Copyright 2017 by The Leadership Lyceum LLC

Welcome to Episode 8 of the Leadership Lyceum: A CEO's Virtual Mentor "Leading Beyond Authority in Utilities: A Conversation with American Water Works CEO Susan Story" American Water Works (Ticker: AWK) is the largest publicly-traded water utility in the country, serving one of the basic human needs of about 15 million customers across 47 states, and in Ontario, Canada. The company serves, and Susan leads, in a mission-critical infrastructure sector. I have had the pleasure of hearing Susan Story, CEO of American Water, speak to industry groups on numerous occasions over the last several years. Her speeches are engaging and carry power that moves an audience to action. I realized that the persuasive power of her public speaking and her approach to leadership demonstrates quintessential qualities for effective leadership beyond the boundaries of the corporation that she leads. A key measure of success in the utility industry is continuously achieving safe, clean, reliable, affordable delivery of service. These objectives are dynamic and their parameters are often dependent on public policy, legislation, and regulatory relationships. Industry leaders, therefore, must advocate in these areas by leading and influencing beyond the boundaries of their corporations. They must lead beyond their authority. There are three types of authority, according to the famed sociologist Max Weber. There is authority based on legal rules. There is traditional authority, based on traditions, customs and historical precedents. Weber posited an additional authority structure called charismatic authority. Charismatic authority is conferred on someone not by established norm or rule, but by an individual's personal history, achievements and leadership qualities. Weber defines charisma as possessing exceptional qualities regarded as exemplary in the eyes of his or her followers. A utility executive leads beyond the boundaries of the corporation with charismatic authority. Leadership effectiveness in this sphere of charismatic authority, above and beyond the corporation's boundaries, requires unique characteristics and competencies often overlooked. There are many descriptors for the general qualities of the effective leader. But there are very few specific frameworks for effective leadership with charismatic authority. In 1951, Northwestern University professor Franklyn Haiman established a list of qualities desirable for a leader engaged in democratic processes. These qualities include social sensitivity, which includes a respect and concern for others, extroversion, and a belief in the value of the individual. This sincere interest in other people is the most important attribute of this type of leader. Other qualities include sensitivity to the basic trends and moods of the group; knowledge and expertise in the area where they are expected to lead; facility in verbalizing the ideas of a group; vitality; maturity and patience. Susan Story has those qualities. I think you will hear evidence of the qualities throughout my interview with her. These attributes enable her to successfully lead and influence people beyond her corporate authority into the areas of corporate social responsibility and public policy. Informative and Helpful Links From the September 13, 2014 The New York Times: Adam Bryant's Corner Office "Susan Story of American Water: A Job Description Is Just the Start" https://nyti.ms/2jGgWfX The Bipartisan Policy Center: http://bipartisanpolicy.org The Bipartisan Policy Center is a non-profit organization that combines the best ideas from both parties to promote health, security, and opportunity for all Americans. BPC drives principled and politically viable policy solutions through the power of rigorous analysis, painstaking negotiation, and aggressive advocacy. Program Guide Susan Story Interview – "Leading Beyond Authority in Utilities" 0:30 Introduction to Susan Story, American Water and Policy Leadership 1:55 Strategic and public policy priorities for American Water 5:33 Introduction to the Bipartisan Policy Center (BPC) 7:06 BPC: Moving from white papers to practical legislation 7:58 BPC: Addressing aging infrastructure - Public Private Partnerships (P3s) 9:45 BPC solutions and implications on activities of American Water 11:50 Break 1 12:07 Ideal conditions state-by-state to support P3s. Fair market value, single tariffs. 15:20 Measures and approaches to addressing state-level policy matters. 16:40 Break 2 17:00 BPC: Other industries that benefit from the P3 construct 17:50 Barriers to P3s: Bonding capacity - tax-exempt bond defeasance enablers and barriers 19:45 Lyceum's introduction to "Leading Beyond Authority" and definition of "charismatic authority" 21:06 Susan's leadership approach to broad policy and regulatory environments. 25:32 Lyceum's outline of effective leadership attributes for those with charismatic authority. 26:32 Susan's approach to achieving forward progress on policy matters 28:10 Meaning and pride in our work: Herbie Sims, backhoe operator 30:45 Break 3 31:05 Susan's vision for water and wastewater five years down the road. 34:14 End of episode and preview of Episode 9 with Pedro Pizarro, CEO of Edison International Biography on Susan Story Susan N. Story is president and chief executive officer (CEO) of American Water, the largest publicly traded U.S. water and wastewater utility company. In this role since May 9, 2014, Ms. Story leads a team of 6,700 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 47 states and Ontario, Canada. She is responsible for developing the overall strategy and vision of American Water and directing its key business development initiatives. Ms. Story joined American Water in April 2013 as chief financial officer (CFO). In this role, she had responsibility for all financial functions, including directing and coordinating all company financial objectives and obligations; ensuring the integrity of financial statements; developing budgets for both annual and interim periods; developing cash management investment strategies; maintaining a financially solvent organization; leading Sarbanes-Oxley; and overseeing the shared services organization. With more than 30 years of utility experience, Ms. Story is well-versed in overseeing complex financial systems, optimizing cost structures and strengthening internal controls. Prior to joining American Water in April 2013, Ms. Story served as executive vice president of Southern Company, one of America's largest generators of electricity serving both regulated and competitive markets across the southeastern United States. In this capacity, she was a member of the company's management council and was president and CEO of Southern Company Services Inc., with responsibilities for functional support of all of Southern Company's subsidiaries. Previously, Ms. Story served as president and CEO of Gulf Power Company, a Florida subsidiary of Southern Company. She has also served as Southern Company's executive vice president of Engineering and Construction Services, where she had oversight for budgets and schedules of numerous combined cycle power plants and large environmental retrofit projects. Ms. Story began her career at Southern Company as a nuclear power plant engineer and had increasing responsibilities in operations, human resources, customer service, corporate real estate and supply chain. She has also been an independent director of Raymond James Financial, a diversified financial services company, since 2008, and was named Independent Lead Director in February 2016. Story has a history of active involvement in community, industry, education and economic development efforts. She currently serves on the board of directors for the Bipartisan Policy Center and as co-chair of its Executive Council on Infrastructure. She is also on the board of the Alliance to Save Energy (ASE), and is a member of the Electric Power Research Institute Advisory Council and the Moffitt Cancer Center Board of Advisors in Tampa, Fla. She was recently the national chairman for the Center for Energy Workforce Development (CEWD) and served on the board of the National Renewable Energy Laboratory (NREL). In her time in Florida, she was a member of the Florida Board of Education, appointed to the Federal Judicial Nominating Commission, appointed chair of the state's economic development public-private partnership, and was an appointee to the Tax and Budget Reform Commission, required every 20 years by the Florida Constitution. Ms. Story attended executive education programs at Duke University and Oxford University in England, and completed international business studies at Cambridge University and leadership studies at Harvard. She earned a bachelor's degree in industrial engineering from Auburn University and an MBA from the University of Alabama in Birmingham. She completed additional post-graduate coursework in the Master of Finance program at the University of Alabama focusing on financial derivatives, and at the Birmingham School of Law focusing on torts and contracts. Subscribe to the podcast at iTunes: https://t.co/a70rtSiQnW or SoundCloud: https://soundcloud.com/thomas-linquist Follow Leadership Lyceum on: LinkedIn: https://www.linkedin.com/in/thomas-linquist-682997 Twitter: @LeaderLyceum https://twitter.com/LeaderLyceum Email us: Thomas.Linquist@LeadershipLyceum.com Subscribe to the Leadership Lyceum at iTunes which will enable future content to come to you automatically. Rate us and spread the word among your fellow executives and board colleagues. Your host Thomas B. Linquist is a Partner at a leading global executive search firm. Over his 15 years in management and leadership consulting he has served a wide array of industrial clients. This includes leadership assessment and search for chief executive officers, chief financial officers, chief operating officers and boards of directors. He holds an MBA from the University of Chicago and over his 25-year career has served in a variety of roles: as an engineer with Shell Oil Company, a banker with ABN AMRO Bank, and as treasurer was the youngest corporate officer in the 150+ year history at Peoples Energy Company in Chicago. He is an expert on hiring and promotion decisions and leadership development. Over the course of his search career, he has interviewed thousands of leaders. Copyright 2016 by The Leadership Lyceum LLC

Part 1 of 2: "Utility Mergers & Acquisitions: Reflections from The Room Where It Happened" Interview with McKinsey & Company Emeritus, Dr. Les Silverman, former Lead Independent Director of Pepco and Independent Director of Columbia Pipeline Group (CPG); Mr. Robert (Bob) Skaggs, former CEO of NiSource and then CEO of CPG; and Mr. Joseph (Joe) Rigby, former Chief Executive Officer of Pepco. Welcome to Episode 7 of the Leadership Lyceum: A CEO's Virtual Mentor. This is Part 1 of a 2-part novel interview with two CEO's and a common board member between them. As a board member for both companies, Les Silverman was at the vertex of notable M&A transactions that took place under the leadership of each of these CEOs over the last two years. At NiSource, Bob Skaggs presided over the separation of the gas storage and transmission assets from the regulated utility. Bob led CPG's spinoff from NiSource into a standalone publicly traded company in July 2015, and the subsequent sale of CPG to TransCanada one year later. At Pepco, Joe Rigby led the sale of Pepco to Exelon. The NiSource - CPG transaction unfolded in a relatively smooth and speedy manner, while the Pepco acquisition could only be described as epic and protracted. My fabulous foursome gathered in the Pepco offices in Washington in one of the rooms where it happened several months after the completion of their transactions to reflect on the deliberations and perspectives of the executives and one of the non-executive directors who made it all happen. Informative and Helpful Links From Utility Dive: Gavin Bade's "A brief history of the Exelon-Pepco merger saga" http://www.utilitydive.com/news/updated-a-brief-history-of-the-exelon-pepco-merger-saga/414573/ Subscribe to the podcast at iTunes: https://t.co/a70rtSiQnW or SoundCloud: https://soundcloud.com/thomas-linquist Follow Leadership Lyceum on: LinkedIn: https://www.linkedin.com/in/thomas-linquist-682997 Twitter: @LeaderLyceum https://twitter.com/LeaderLyceum Email us: Thomas.Linquist@LeadershipLyceum.com Please subscribe to the Leadership Lyceum at iTunes which will enable future content to come to you automatically. Rate us and spread the word among your fellow executives and board colleagues. Your host Thomas B. Linquist is a Partner at a leading global executive search firm. Over his 15 years in management and leadership consulting he has served a wide array of industrial clients. This includes leadership assessment and search for chief executive officers, chief financial officers, chief operating officers and boards of directors. He holds an MBA from the University of Chicago and over his 25-year career has served in a variety of roles: as an engineer with Shell Oil Company, a banker with ABN AMRO Bank, and as treasurer was the youngest corporate officer in the 150+ year history at Peoples Energy Company in Chicago. He is an expert on hiring and promotion decisions and leadership development. Over the course of his search career, he has interviewed thousands of leaders. Please subscribe to the Leadership Lyceum in the podcast section at iTunes which will enable future content to come to you automatically. Rate us and spread the word among your fellow executives and board colleagues. Copyright 2016 by The Leadership Lyceum LLC