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SPEAKERS & SESSIONS

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Meet the Speaker: Javier Fernandez

Session: Business Benefits of Asset Management from a Strong Economic Approach

 

SPEAKER

Javier-Fernandez-500x600Javier Fernandez, Chief Financial Officer, Bonneville Power Administration

Javier Fernandez is BPA’s executive vice president and chief financial officer. He oversees BPA’s financial operations which include capital allocation, management of the agency’s $15.6 billion debt portfolio, accounting, liquidity management and budgeting for BPA’s $4.3 billion total budget.

Fernandez joined BPA in 2012. In addition to leading the capital portfolio management program, he has served as BPA’s treasurer, directing financial planning and investment of funds for BPA and exercising authority for receipt, disbursement, banking, custody of funds and financial instruments. Fernandez served as deputy CFO prior to being selected for the CFO position. 

Before coming to BPA, Fernandez served for three years as a senior vice president with D.A. Davidson & Co., a financial services firm and seven years with Seattle-Northwest Securities, performing public finance banking and financial advisory services to municipal jurisdictions primarily in Oregon.

Fernandez has a Bachelor of Science in economics from ITAM in Mexico City and a Master of Business Administration from Yale University.

 

SESSION

Business Benefits of Asset Management from a Strong Economic Approach
Keynote
Javier Fernandez, Chief Financial Officer, Bonneville Power

As a public power entity, economic and financial decisions often have to be balanced against socially-driven goals. Asset investment decisions made by Bonneville Power must be governed by a robust business case and prioritization framework, taking into account financial, economic and societal benefits and their corresponding effect on rates paid by electric power customers. Affordability and competitiveness is at the center of the decision making process. Electric generation and high voltage transmission rates are closer to competitive rates in the marketplace today than ever before. As Bonneville Power strives to remain the provider of choice for the Pacific Northwest region, it must continue developing best-in-class asset management practices to ensure scarce resources are invested in assets at the right place and at the right time.

Lessons:

  • Asset registers and asset information systems are a key point of failure and one of the best investments any organization can make.
  • A robust framework to develop and maintain asset strategies and strategic asset management plans must be part of the organization’s long-term strategic plan.

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