Pat Wood III is the past Chairman of the Federal Energy Regulatory Commission (FERC) and of the Public Utility Commission of Texas (PUCT). The son of a small businessman, Mr. Wood has been a forceful advocate throughout his career for replacing government-centered monopoly regulation with customer-centered, technology-unleashing competition.
Today, as CEO of Hunt Energy Network, Mr. Wood’s focus is on new power system infrastructure and the related business systems to integrate it into competitive power markets.
Mr. Wood also serves as the Lead Independent Director of solar pioneer SunPower (NASDAQ: SPWR), and Director of specialty construction firm Quanta Services (NYSE: PWR), including his recent appointment to Luma Energy, overseeing the Quanta-ATCO joint venture to operate the Puerto Rico utility system. He is also a Director of Spring Valley Acquisition Corp. (NASDAQ: SV). In the past, he was Board Chairman of independent power producer Dynegy, and a Director of TPI Composites, among others.
In 1995, Governor George W. Bush named Mr. Wood to head the PUCT with a mandate to inject competition into the state’s regulated power and telecommunication utilities. The resulting restructured Texas electric market has attracted high infrastructure investment, yielded innovative technology and service offerings, and led to customer prices well below what they were under regulation.
During his four years at the helm of the FERC, under President George W. Bush, Mr. Wood led the responses to the 2000-2001 California energy crisis, the bankruptcy of Enron, and the 2003 North American power blackout. By the end of his term, over two-thirds of the nation’s economy was served by the reliable, organized wholesale power markets FERC championed. He was well-known for his three-legged stool for successful markets: robust infrastructure, balanced market rules and vigilant oversight.
Mr. Wood holds a B.S. degree (civil engineering) from Texas A&M University and a J.D. from Harvard Law School. He serves on the Executive Board of Big Brothers Big Sisters Lone Star and the National Petroleum Council, and was a founding member of the Texas A&M Smart Grid Council. He, and his wife, Kathleen, have four sons and are proud to call Houston their home.
What is Patrick Wood, III's net worth?
The estimated net worth of Patrick Wood, III is at least $5.39 million as of March 19th, 2021. Mr. Wood, III owns 16,212 shares of Quanta Services stock worth more than $5,388,139 as of November 21st. This net worth approximation does not reflect any other assets that Mr. Wood, III may own. Learn More about Patrick Wood, III's net worth.
How do I contact Patrick Wood, III?
Has Patrick Wood, III been buying or selling shares of Quanta Services?
Patrick Wood, III has not been actively trading shares of Quanta Services within the last three months. Most recently, Patrick Wood III sold 5,000 shares of the business's stock in a transaction on Friday, March 19th. The shares were sold at an average price of $85.21, for a transaction totalling $426,050.00. Following the completion of the sale, the director now directly owns 16,212 shares of the company's stock, valued at $1,381,424.52. Learn More on Patrick Wood, III's trading history.
Who are Quanta Services' active insiders?
Quanta Services' insider roster includes Earl Austin, Jr. (CEO), John Conaway (Director), Vincent Foster (Director), Bernard Fried (Director), Paul Gregory (Insider), Nicholas Grindstaff (VP), Worthing Jackman (Director), Derrick Jensen (CFO), Jerry Lemon (CAO), James Probst (Insider), Margaret Shannon (Director), Margaret Shannon (Director), Karl Studer (President — Electric Power), Dorothy Upperman (VP), Donald Wayne (EVP), and Patrick Wood, III (Director). Learn More on Quanta Services' active insiders.
Are insiders buying or selling shares of Quanta Services?
During the last twelve months, insiders at the construction company sold shares 10 times. They sold a total of 249,482 shares worth more than $64,385,787.42. The most recent insider tranaction occured on August, 21st when insider Karl W Studer sold 23,357 shares worth more than $6,318,302.07. Insiders at Quanta Services own 1.1% of the company.
Learn More about insider trades at Quanta Services. Information on this page was last updated on 8/21/2024.
