EPRI names Ted Craver of Edison International chairman of the board

Craver became chairman and CEO of Edison International in 2008, and before that was chairman and CEO of one of its subsidiaries

Palo Alto, Calif., April 14, 2011 — The board of directors at the Electric Power Research Institute announced that Theodore (Ted) F. Craver, Jr., the chairman, president and chief executive officer of Edison International, has been elected board chair.

"We are privileged to have a person of Ted's experience and vision to lead our board over the next year," said Michael W. Howard, EPRI president and chief executive officer. "These qualities, as well as his strong belief that technology can best address the challenges faced by the industry, make him ideally suited to lead our board."

Craver became chairman and CEO of Edison International in 2008, and before that was chairman and CEO of one of its subsidiaries, Edison Mission Group, from 2005 until 2008. Previous to that, he held the position of executive vice president and chief financial officer from 2000 to 2004.

Before joining Edison in 1996, Craver was executive vice president and corporate treasurer of First Interstate Bancorp from 1991 to 1996. In that role, he was responsible for corporate development, treasury, and sales and trading of investment and insurance products.

While there, Craver also served as executive vice president and chief financial officer of the wholesale banking subsidiary from 1986 to 1991. Before joining First Interstate, he spent four years with Bankers Trust Co. of New York and seven years with Security Pacific National Bank in various capital markets sales and trading capacities.

EPRI conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public. An independent, nonprofit organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, health, safety and the environment.

EPRI's members represent more than 90 percent of the electricity generated and delivered in the United States, and international participation extends to 40 countries. EPRI's principal offices and laboratories are located in Palo Alto, Calif.; Charlotte, N.C.; Knoxville, Tenn.; and Lenox, Mass.

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