PSEG announced today that Rich Lopriore, president of PSEG Fossil is retiring as of July 1, 2016 capping 43 distinguished years in the electric generation industry.
Lopriore joined PSEG in May 2007. He oversaw operations for 13 generation facilities spanning four states. Under Lopriore's leadership, $1.5 billion coal plant BET projects and nine LM6000 peaking units were constructed, and PSEG began the construction of three combined cycle plants: a 775mw combined-cycle plant in Keyes, Maryland; a 540mw plant in Bridgeport, Connecticut; and a 540mw plant in Sewaren, New Jersey.
Upon arriving at PSEG, Lopriore instituted an in-depth Operational Excellence Model (OEM), one of the first programs in the nation to drive standardization across a Fossil fleet. The program resulted in consistent improvement in operating results, reliability and fleet performance and the achievement of all-time generation records.
"Through the implementation of the OEM and a disciplined approach to continuous improvement, Rich Loprioretook PSEG Fossil to new levels of excellence in the key areas of safety, environmental compliance and generation operations," said Bill Levis, president PSEG Power. "We will miss Rich's inspirational leadership and strong determination to conquer any challenge put before him."
Lopriore also revamped PSEG Fossil's training program. Two industry-first, award-winning mobile training trailers were developed to take training directly to the work sites reducing costs and increasing productivity.
Prior to joining PSEG Fossil, Lopriore held numerous positions at Exelon beginning in 1999 as plant manager of Byron Stations, vice president for the mid-west BWRs, and ending as senior vice president – mid-Atlantic operations for Exelon Nuclear, responsible for oversight of the Limerick, Peach Bottom, Oyster Creek and Three Mile Island stations. Prior to Exelon, Lopriore held several key management positions at the Brunswick Nuclear Plant in North Carolina, including plant manager.
Lopriore received his Bachelor of Science degree from Southern Vermont College and is a member of the American Nuclear Society. He also served in the National Guard and holds a GE BWR Certification. Following his retirement, he will live in Massachusetts.
PSEG has not named a replacement.
Public Service Enterprise Group (NYSE: PEG) is a publicly traded diversified energy company with annual revenues of $10.4 billion. Its operating subsidiaries are: Public Service Electric and Gas Company (PSE&G), PSEG Power, and PSEG Long Island.
