Walter Higgins comes to PREPA with more than 40 years of top management experience, including: Sierra Pacific Resources (SPR) (now known as NVEnergy); AGL Resources and Atlanta Gas Light Company, notably the first deregulated natural gas utility in the United States; Louisville Gas and Electric Company; and Portland General Electric Company.
Before retiring in late 2016, Higgins was president and CEO, and Director of Ascendant Group Limited, a diversified energy and infrastructure holding company in Bermuda, from 2012 to 2016.
In this position, Higgins led Ascendant Group and its subsidiary companies: BELCO, the sole electric utility provider for Bermuda, and AG Holdings Limited, which operates several infrastructure and renewable/alternative energy companies serving Bermuda and the Cayman Islands.
During this time, Higgins led an initiative to revise the electric utility rate structure to help customers who used less electricity. While Higgins was CEO, Bermuda was struck by three major hurricanes. The company’s performance during and in restoring from these storms was commended by the government and the press.
Under Higgins’ leadership, the company prepared and submitted to the government a long-term plan for electricity for the island which included measures to stabilize long term electric rates, greater use of renewable energy and energy efficiency, and a smart-grid undertaking. The company also contributed to a major electric industry restructuring which the country’s government undertook.