Gary Cardone And His Contributions To The Energy Industry
Gary Cardone has been linked to the energy industry for quite a while. He has a long history with such major providers as Dynegy and Accord Energy.
After the profitable sale of Accord Energy Gary Cardone served to create Dynegy Europe which developed into one of the most productive U.S. energy companies operating in Europe. After three years of operations it had obtained 87% of the Storage of Natural Gas in great britan, had 600 staff members with power and gas positions in Germany and Holland with establishments in Switzerland, Spain, Italy and Holland.
Gary Cardone was managing director of Dynegy UK and Dynegy Europe. Cardone, who had been earlier director and gm of Energy Trading at Dynegy UK, took over responsibilities for all of Dynegy’s UK and European gas, power and crude oil trading and marketing activities and development of new business prospects.
When Gary Cardone was chosen as managing director of Dynegy UK and Dynegy Europe, Chuck Watson, chairman and chief executive officer of Dynegy, said, “We are pleased that Gary has decided to tackle the job of managing director as Dynegy moves to participate in the deregulating energy markets in Europe”
Gary did exactly that.
Cardone joined up with Dynegy in 1987 and relocated to London in 1994 in order to develop its European energy organization. The business began trading the U.K. and Scandinavian power markets.
Gary has worked in all sectors of Dynegy’s commercial activities across the US and Canada. Cardone joined Dynegy UK in 1993 and was a key component in the formation of Accord Energy, a joint venture between BG and Dynegy. When operational control of Accord was transferred to Centrica at the begining of 1997, Gary became director and general manager of Energy Trading in the recently formed Dynegy UK.
Gary Cardone ran lots of functions purchasing as well as managing gas acquisition with the North Eastern States, Gulf of Mexico and flows to California as well as imports from Canada. Left in 1993 to build up a business for NGCH in Europe.
Accord Energy was a joint venture whereby Gary was the architect of between British Gas PLC and Natural Gas Clearinghouse to exploit the inefficiencies inside gas and electric industry in britain.
Following the successful sale of Accord Energy Cardone helped make Dynegy Europe which became one of the successful U.S. energy companies doing work in Europe. After three years of operation it had acquired 87% of all Storage of Natural Gas in england, had 600 employees with power and gas jobs in German and Holland with office buildings in Switzerland, Spain, Italy and Holland.
Gary Cardone functioned as Commercial Advisor with a large Private Equity firm leading them on discovering deals on the sell and buying side. He focused on opportunity to co-invest, midstream acquisitions including pipelines, expansions, platforms, and divestments of gas and oil properties, midstream assets, and renewable assets.
Accord Energy was a joint venture that Gary Cardone was the architect of between British Gas PLC and Natural Gas Clearinghouse to take advantage of the inefficiencies within the natural gas and electric industry in great britain.