Frank Cassidy, president and chief operating officer of PSEG Power, a subsidiary of Public Service Enterprise Group and affiliate of Public Service Electric and Gas (PSE&G), received New Jersey Institute of Technology’s (NJIT) President’s Medal from NJIT President Robert A. Altenkirch. Cassidy, who graduated from NJIT in 1969 with a BS in electrical engineering, was honored during NJIT’s annual black-tie benefit dinner, called Celebration, held Nov. 10, 2006, at Pleasantdale Chateau, West Orange.
Dinner proceeds will endow scholarships for students enrolled in NJIT’s Albert Dorman Honors College and the College of Science and Liberal Arts (CSLA). Many NJIT students are the first in their families to attend college, and most of them rely upon merit and need-based scholarships.
“Frank Cassidy exemplifies not only an outstanding alumnus who has made major strides in corporate America, but he also exemplifies an ideal friend to the university,” said Altenkirch.
Cassidy, of Little Silver, became president and chief operating officer of PSEG Power LLC, on June 15, 1999. Prior to his appointment to PSEG Power, Cassidy was president and chief executive officer of PSEG Energy Technologies, effective January 1, 1997. He had been senior vice president fossil generation of Public Service Electric and Gas Company (PSE&G) since February 1995, and vice president transmission systems since November 1989.
Cassidy joined PSE&G in 1969 and has held various posts of increasing responsibility. He served as general manager corporate performance and then as general manager – transmission, before his election as a vice president. He has served as PSE&G's representative on the Pennsylvania New Jersey–Maryland Interconnection's Management Committee and Mid Atlantic Area Council. He has testified frequently before the New Jersey Board of Public Utilities, the Federal Energy Regulatory Commission and the United States Congress.
Cassidy also holds a Master of Business Administration degree from Rutgers University. In 1988, he completed the Harvard Graduate School of Business Administration's Program for Management Development.
Cassidy has served on the U.S. Environmental Protection Agency’s Clean Air Act Advisory Committee; chairman of the Electric Power Supply Association (EPSA), and on the boards of the Northeast States Center for A Clean Air Future and the Association of Edison Illuminating Companies.
Dorman Honors College, founded in 1995, now enrolls more than 500 students who are offered special classes, seminars and colloquia by distinguished professors. Dorman’s mission is to transform its students into leaders in their respective fields.
CSLA was formed in 1982. Today the college consists of six academic departments encompassing chemistry and environmental science, biological sciences, history, humanities, mathematical sciences, and physics.