Natural Resources >> CEO Interviews >> October 20, 2003

John Mitola – Electric City Corporation (elc)

JOHN P. MITOLA, Chief Executive Officer of Electric City Corp., has over 16 years of experience in the energy and environmental industries, venture capital, commercial real estate development, engineering and construction. In December 1999, he was elected to the Board of Directors of Electric City Corp. and was appointed CEO effective January 2, 2000. Mr. Mitola is also the Chairman of the Board of the Illinois Toll Highway Authority. Prior to his appointment at Electric City, Mr. Mitola was a member of Exelon/ComEd in various capacities. He had been with Exelon Thermal since the company's inception in August 1993 and was most recently the Vice President and General Manager, where he managed the company's largest unregulated subsidiary. Since becoming CEO of Electric City Corp. he has led the company through its initial startup phase for the past three years. During this time, Electric City has reached annual sales of $16 million and has grown to over 100 employees. Earlier in his career at Exelon Thermal, he was the Development Vice President. Mr. Mitola was responsible for the management of the company's Northwind partnerships and joint venture developments in Boston, Houston, Las Vegas and Toronto. During this time, Mr. Mitola raised and deployed over $400 million in power plant financing. As head of Exelon Thermal, Mr. Mitola oversaw the company's development of the central energy plant for the new Midway Airport Terminal in Chicago. Prior to his appointment at Exelon, Mr. Mitola was Director of New Business Ventures for Commonwealth Edison. Mr. Mitola received his BS in Engineering from the University of Illinois at Urbana and Juris Doctor from DePaul University, College of Law. In 2003, Illinois Governor Rod Blagojevich appointed Mr. Mitola to Chair the Board of the Illinois Toll Highway Authority. He is a member of ASHRAE, IDEA, and the Association of Energy Engineers. His community affiliations include membership in the Union League Club and the governing board of the Christopher House Board of Directors. He is also President of the Board of the Chicago Scholarship Fund and a member of the Board of the Illinois Council Against Handgun Violence. Mr. Mitola was also previously a member of the Board of Nucon Corporation, a $40 million, privately held manufacturer of plastic shipping pallets. Early in 2003, Mr. Mitola co-chaired the Committee on Regulatory Affairs for Governor Rod Blagojevich's transition team. Profile
TWST: Would you begin with a brief historical sketch of Electric City

Corp. and a picture of things as they are now at the company?

Mr. Mitola: Electric City has been a startup in the power