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California Public Utilities Commission
505 Van Ness Ave., San Francisco

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FOR IMMEDIATE RELEASE PRESS RELEASE Media Contact: Terrie Prosper, 415.703.1366, news@cpuc.ca.gov

CPUC COMMISSIONER FERRON CONFIRMED BY STATE SENATE

SAN FRANCISCO, March 15, 2012 - The California Public Utilities Commission (CPUC) today announced that the State Senate confirmed the appointment of Mark J. Ferron as Commissioner of the CPUC.

Said Commissioner Ferron, "I thank the members of the Legislature for their confirmation of my appointment to the CPUC. I look forward to continuing my work to help rebuild the public's sense of trust in its utility service providers and in their government regulators."

Commissioner Ferron was appointed to the CPUC on March 22, 2011. Prior to his appointment, he was a senior partner at Silicon Valley Social Ventures and a board fellow of the New Teacher Center. From 2001 to 2009 he worked as chief operating officer for the Global Markets Division of Deutsche Bank in London, where he had responsibility for all operational activities globally across fixed income, currency, commodity and equity markets. Before joining Deutsche Bank in 1996, Commissioner Ferron was a vice president at Salomon Brothers from 1994 to 1996, and was a vice president at Bank of America from 1986 to 1994.

More information on Commissioner Ferron is available at www.cpuc.ca.gov/PUC/aboutus/Commissioners/Ferron/index.htm.

For more information on the CPUC, please visit www.cpuc.ca.gov.

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