Walt was most recently President and Chief Executive Officer of Ascendant Group Limited, a diversified energy and infrastructure holding company in Bermuda (BSX:AGL.BH). Mr. Higgins was elected to this position in June 2012 and joined the Ascendant Group Board of Directors at the same time. Within the Ascendant Group of companies are BELCO, the electric utility for Bermuda, Bermuda Gas, the market-leading propane distributor in Bermuda, and AG Holdings Limited which operates several infrastructure and renewable/alternative energy companies serving Bermuda and Cayman Islands.
Several years prior to coming to Bermuda, Walt had retired as Chairman of the Board, President and Chief Executive Officer of NV Energy (formerly Sierra Pacific Resources) the electric and gas utility holding company for most of Nevada. Walt retired as Chief Executive Officer in July 2007. He remained chairman of the board (non-executive) for one year and retired from that position in July 2008.
Walt was elected Sierra Pacific Resources Chairman of the Board, President and Chief Executive Officer in August 2000. He was previously the Chairman, President and CEO of AGL Resources, Inc. in Atlanta, Georgia, the holding company of Atlanta Gas Light, one of the nation’s largest natural gas distribution companies and the first deregulated natural gas utility in the United States. Prior to AGL, Walt had been Chairman, President, and CEO of Sierra Pacific Resources which he joined in 1993 and served until January 1998. In the early 1990’s, he had been President & COO of Louisville Gas and Electric Company and had earlier been a senior executive with Portland General Electric Company, in Portland, Oregon, with various responsibilities the last being as senior vice president over transmission, generation, and power marketing.
Walt graduated with distinction with a nuclear science degree from the U.S. Naval Academy, Annapolis, Maryland, in 1966, and completed postgraduate nuclear engineering and submarine training with the U.S. Navy. He served as a commissioned naval officer in nuclear submarines. He is a graduate of the Stanford University Graduate School of Business – Stanford Executive Program, the University of Idaho Public Utility Executive Course, and he completed some graduate business studies at The George Washington University.