| | SEPTEMBER 20248CIOReviewIN MY OPINIONBy Julian Kaufmann, Senior Vice President, CAMSREPURPOSING RESOURCES: INSTALLING NEW BATTERY ENERGY STORAGE UTILIZING EXISTING INFRASTRUCTUREJulian Kaufmann, Senior Vice President ­ is a member of CAMS Management Committee and responsible for corporate and business development activities. With over 20-years' experience, Kaufmann is also an experienced originator of both power and gas commodity deals, specializing in long-tern structured transactions. In addition, he successfully led project M&A activities resulting in the purchase and sale of over 1,200MW of electric generation assets. Prior to joining CAMS Julian worked at Progress Energy Ventures and Aquila Energy. Julian is a Registered Professional Engineer, graduated from Clemson University, and received an MBA from Iowa State University.Scan any recent news articles or electric utility resource plans, and you may conclude that fossil-fired generation, particularly coal-based, may soon be extinct. Older, less efficient fossil plants are being retired for economic and environmental reasons. Unfortunately, their fate is similar to the dinosaurs that created the fuel sources now front and center in the climate change deliberations. Meanwhile, encouraged by favorable tax treatment and mandates (both corporate and governmental), the future is bright for renewable electric generation resources. While the older fossil plants may not be as competitive as renewable resources from a marginal cost of energy standpoint, their Julian Kaufmann
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