Board Member – Southern California Public Power Authority (SCPPA) 1998 to December, 2016
Ms. Edwards had been a Board Member since the late 90’s, representing different utilities in different time frames. She was also a past SCPPA President. SCPPA is a joint powers authority, and was created in 1980 to provide financing for utility participation in electric generating facilities and high voltage transmission lines. SCPPA has 22 electric generation facilities and three transmission projects bringing power from Arizona, California, Nevada, New Mexico, Utah, Oregon, and Washington. SCPPA also owns natural gas reserves in Texas and Wyoming. SCPPA projects have been financed through the issuance of $14 billion of taxable and non-taxable bonds. Outstanding debt totals $3.8 billion. SCPPA generates over $700 million in annual revenue. SCPPA is rated AA- by Standard and Poors and Aa2 by Moody’s.
- Assisted in the replacement of the retiring Executive Director
- Set policies to facilitate public power’s resource strategies
- Set legislative and regulatory policy
Past Board Executive Committee Member, and Founding Member – Association of Women in Water, Energy, and Environment (AWWEE) 2007 to 2017
The Association of Women in Water, Energy, and Environment was established in 2007 as a 501(c)3 organization to promote the success of women in water and energy. Marcie was one of its founders, as well as a Director. AWWEE’s first year of operations was 2009. Since that time, AWWEE has conducted more than 50 regional events for over 1,000 AWWEE members. Its regional events are developed and conducted by Regional Leadership Teams in the Bay Area, Los Angeles, Orange County, Sacramento, and San Diego.
- Founding member, developed bylaws and overall governance structure
- Recently hired a new Executive Coordinator
Board Member – Water and Power Employees Retirement Plan System (WPERPS) 2014 to 2016
WPERPS is a Los Angeles Department of Water and Power Retirement Plan whose current market valuation is $12.1B with a funded ratio of 87% which places it in the top quartile when compared to all other public plans on a national basis. Their monthly retirement payroll is approximately $44M and they serve 9,200 active members and 8,800 retired members.
- During Ms. Edwards tenure, market value of the investments increased from $10.9B to $12.1B
- Assessed 54 contracts, (General and Private Equity consultants, Fiduciary Counsel contracts, Domestic Large Cap Core Equity) and 13 requests for proposals (RFPs) (Emerging Markets Equity RFP, Hedge Fund RFP, Fixed Income RFP)
- Assessed and appointed a new WPERPS General Manager
Board of Directors – The Large Public Power Council (LPPC) 2014 to 2016
LPPC consists of the largest 26 public power utilities and is governed by the chief executives of those agencies. These utilities own more than 71,000 megawatts of generation capacity powered by natural gas, nuclear, coal, hydroelectric, wind, solar and other renewable energy sources across the nation. These utilities provide power to 30 million people in 13 states.
LPPC serves to promote dialogue between public power and state and federal policymakers.
- Provided policy guidance to sustain the organization’s vision, mission, and purpose
- Fiscal management oversight
- Established a new position of Executive Director
Metropolitan Water District Board Member, Vice Chair of the Board, and a member of four subcommittees at varying times (Executive, Finance, and Insurance; Engineering and Operations; Organization, Personnel, and Technology; and Special Committee on the Bay Delta) 2005 to 2009
The Metropolitan Water District of Southern California is a regional wholesaler that delivers water to 26 member public agencies which in turn provide water to more than 19 million people in Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura counties. Metropolitan is governed by a 38-member board of directors who represent their respective member agencies. Metropolitan is the largest distributor of treated drinking water in the United States.
To supply the more than 300 cities and unincorporated areas in Southern California with reliable and safe water, Metropolitan owns and operates an extensive water system including: the Colorado River Aqueduct, 16 hydroelectric facilities, nine reservoirs, 819 miles of large-scale pipes and five water treatment plants. Four of these treatment plants are among the 10 largest plants in the world.
Metropolitan currently delivers an average of 1.5 billion gallons of water per day to a 5,200-square-mile service area.
- Reviewed, amended, and approved the annual budget, approximating $1.2B, and approved associated rates and charges.
- Evaluated and appointed a new CFO
- Providing Board level input into labor negotiations, capital enhancements, regulatory approvals (CEQA determinations, eminent domain actions)
- Provided input as well as approvals to the legislative strategies
Additional Board Experience
- California Municipal Utilities Association Board member
- Intermountain Power Corp. Coordinating Committee Board member
- Magnolia Coordinating Committee Board member
- Los Angeles Chamber of Commerce Board member
- Joint Safety/Training Institutes Board member
- Los Angeles Business Council Board member
- California Federation for Economy and the Environment Board member
- Western Energy Institute Board member
- Sustain OC Board member
- Commissioner on the city of Huntington Beach’s Personnel Commission
Education and Licenses
Bachelor of Science in Organizational Management, University of La Verne, California 2003.
Masters of Public Administration, University of La Verne, California, 2006.