The board of directors of the New York Independent System Operator (NYISO), the nonprofit that operates New York state’s power grid, has named Cheryl Hussey its vice president and chief financial officer.
Hussey will supervise the NYISO’s Finance Group, which is responsible for accounting, budgeting, treasury, contract administration, procurement, credit, customer settlements and settlements processes and controls, the organization said in a news release.
Hussey, who has been with the NYISO since 2008, was promoted to the position from her role as controller and assistant treasurer.
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“The Board of Directors recognized Cheryl Hussey’s experience in managing the NYISO’s budget and finances, her knowledge of the intricate workings of our wholesale electricity markets and her demonstrated commitment to our mission since joining the NYISO in 2008. I know she will be a valuable addition to our leadership team,” Bob Hiney, the NYISO’s board chair, said in the release.
As the NYISO’s controller and assistant treasurer, Hussey supervised preparation of the annual budget of capital and operating expenditures, determined the NYISO’s short-term and long-term financing requirements, and administered collection and investment of cash receipts. She also supervised the NYISO’s contract administration and procurement function and established policies and procedures for internal controls.
Prior to joining the NYISO, Hussey worked for Albany Medical Center, where she served as director of financial planning. She is a certified public accountant and earned a bachelor’s degree in accounting from the SUNY Geneseo.
Based in the Capital Region, the NYISO is a not-for-profit company governed by a 10-member independent board of directors. The NYISO, which monitors a network of 11,000 miles of high-voltage transmission lines across the state, employs more than 400 people and occupies two locations in the Albany area.
The organization generated nearly $155 million in revenue in 2011, according to its annual report.
Contact Rombel at arombel@cnybj.com
