Management Team

Nat Treadway

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Nat Treadway is one of the co-founders of Distributed Energy Financial Group LLC (DEFG) and a Managing Partner.

Nat has 48 years of experience in energy and environment — with 35 of those years focused on energy utilities and the electric industry. Nat studies retail consumer behavior and choice; innovations in retail energy services; energy efficiency, demand response, and distributed energy resources; and the market structures that affect retail competition and the efficiency of utility regulations. He leads DEFG’s Low Income Energy Issues Forum (LIEIF), a diverse group of stakeholders focused on energy affordability and better services for people who struggle to pay utility bills.

During 2012, Nat served as a member of Alberta’s Retail Market Review Committee, which conducted a comprehensive review for the Minister of Energy. In 2008, he provided a book chapter on distributed generation for Electricity Restructuring: The Texas Story, describing the role of cogeneration in establishing the current retail electric market structure in Texas. From 2007-15, Nat was the author of the Annual Baseline Assessment of Choice in Canada and the United States (ABACCUS), a scorecard on electricity restructuring in North America.

Nat previously served as a senior policy adviser to Texas regulatory commissioners. In the lead-up to Texas electric industry restructuring, he advised on the separation of electric distribution utility functions from competitive energy services and on the use of Deliberative Polls® to assess Texans’ preferences for energy efficiency and renewable energy. From 1985-95, he testified as an expert witness on behalf of the public interest at the Public Utility Commission of Texas.

Nat worked as a municipal energy manager for the City of Ogden, Utah, from 1982-85. He was an agriculture Peace Corps volunteer in Sierra Leone from 1975-78, working with rice farmers in small villages. In college, he studied water pollution associated with the oil shale industry. He has a B.S.E. in Civil Engineering from Princeton University and an M.S. in Agricultural Economics from Michigan State University. Nat lives in Houston.