Jenny Hou is an economic and financial adviser with 12 years extensive experience in financial risk management, restructuring electricity wholesale markets of the US, Ontario, Canada, and Singapore, formation of independent electrical transmission companies, financial analysis of structured finance, and business strategy in the energy industry and financial sectors.
Currently, she is serving as a financial adviser to financial institutions and multinational companies to examine financial risk issues, estimate equity risk premium based on borrowing cost of capital, and develop appropriate level of return on equity incentives for infrastructure investment. Additionally, she led the specialists’ team to assist a large banking client to comply with BASEL II/Economic Capital from regulation under OCC and Federal Reserve Board of Governors.
Prior to establishing JH2 Risk Advisers, Ms. Hou worked with the financial risk management group of PricewaterhouseCoopers focusing on designing enterprise-wide risk management solutions, and managing economic capital to ensure sound corporate governance practice and improve market liquidity within the energy industry and financial sector. Specifically, she served as a financial advisor to Enron North America post-bankruptcy in a business recovery effort and was leading a bankruptcy team to unwind special transactions and cross-commodity trading positions, and to negotiate and settle financial contracts with various counterparties.
Prior to PricewaterhouseCoopers, Jenny worked for the economic and analytics group of PHB Hagler Bailly, Inc. Projects included market design for several US and international power pools; the litigation support of transfer pricing dispute between merchant energy companies and regulated utility entities; the independent, fair-value review of energy assets for rating agencies; the design of algorithms to estimate cash flows for power plant bidding projects; and the creation of a retail market strategic decision model. In this capacity, she proposed the performance-based ratemaking framework as the part of the market-based transmission incentive design. In addition to providing financial advice to industry clients, Ms. Hou also has provided consultation services to the Electric Power Research Institute (EPRI), International Energy Agency (OECD/IEA) and the World Bank Trust Fund.
Ms. Hou holds a BS from Peking University with honors, a MS in regional economics from the University of Illinois at Urbana-Champaign, and a MS in management science and engineering from Stanford University.