Dive Summary:
- John Di Stasio, the CEO and General Manager of Sacramento Municipal Utility District (SMUD), announced his retirement Thursday after 32 years. Di Stasio will retire to the board in 2014.
- Among his many accomplishments, Di Stasio is cited for helping keep SMUD’s electricity rates relatively low compared to the rest of California, improving reliability and launching the SmartSacramento project with $127.5 million from the U.S. Department of Energy to build smart grid infrastructure.
- SMUD was also the first utility in the U.S. to use a solar feed-in tariff and California's first large utility to exceed state mandated of 20% renewables and 50% non-carbon energy mix portfolio standards.
From the press release:
"It's been my privilege to serve our community in my more than 30 years at SMUD," said Di Stasio. "We have a strong executive management team that is focused on the needs of the customer, the community and the company's role in our region. SMUD's in good hands and well positioned for the future," said Di Stasio.