Renaldo Baucom

Director Corporate Development @Xcel Energy

Orchestrated company development efforts focused on energy storage, hydrogen, and other advanced energy and net-zero technologies. Direct negotiation and execution of acquisitions and greenfield project origination/development to enhance corporate capabilities and linkage with other industries. Led company efforts on redevelopment of brownfield sites associated with decommissioned coal plants. Initiated and executed strategies focused on carbon-free technologies to support Xcel Energy’s long-term growth and future market positioning. Executed gas storage customer settlement increasing project IRR to 23% and annual customer savings of $1.5 million per year. Work in collaboration with corporate and business unit executives to frame specific M&A and organic growth opportunities. Explore and propose electric and gas transaction structures, working closely with internal and external resources. Lead efforts to negotiate and gain approval for proposed transactions working in concert with regulatory, legal, and business areas to comply with purchase agreements. Managed negotiations of purchase sales agreements including all significant terms and conditions. Key Contributions: • Actively managing $450 million joint venture gas partnership achieving average corporate distributions of approximately $50 million a year. • Developed enterprise wide strategy and subsequent filing with DOE for $10 billion hydrogen hub in support of company long-term plans.