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This profile was last updated on 3/5/15  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Michael J. Ruffatto

Wrong Michael J. Ruffatto?

President

Phone: (303) ***-****  HQ Phone
Email: m***@***.com
North American Power Group , Ltd.
8480 E. Orchard Road Suite 4000
Greenwood Village , Colorado 80111
United States

Company Description: North American Power Group, Ltd., is a privately held company headquartered in Greenwood Village, Colorado. NAPG owns, operates and manages energy-related projects....   more
Background

Board Memberships and Affiliations

71 Total References
Web References
NAPG | North American Power Group
www.napg-ltd.com, 5 Mar 2015 [cached]
Michael J. Ruffatto established North American Power Group, Ltd. (NAPG) in Englewood, Colorado in 1992. Mike Ruffatto has over 30 years in the gas, oil, and energy trading and power generation industries, including both regulated and unregulated businesses.
He served as a Board of Trustees member of the Western Electricity Coordinating Council from 1999 to 2002.
But Mike Ruffatto, president ...
www.marinij.com, 12 Mar 2013 [cached]
But Mike Ruffatto, president of North American Power Group, said, "We don't think we were in default nor that it was an effective cancellation of the contract."
Two Elk Stimulus: Big paychecks but no new jobs
wyofile.com, 2 May 2012 [cached]
Federal pay invoices show that Michael J. Ruffatto, founder and CEO of North American Power Group Ltd., based in Greenwood Village, CO, received $955,343.29, and Brad Enzi, NAPG's Cheyenne-based representative and son of Wyoming US Sen.
...
According to the National Recovery Act Transparency and Accountability Board, Ruffatto and Enzi's compensation is nearly 20 percent of the total spent so far on the project.
...
However, in his most recent quarterly filing to the National Recovery Act Transparency and Accountability Board, Ruffatto, a millionaire lawyer and philanthropist who heads the scientific project, reported that "no new direct jobs have been created for this project."
Rather than creating new jobs, Ruffatto reported, a percentage of his and other North American Power Group employees' wages were paid for with stimulus funds. He estimated that, in addition, 15 "indirect jobs" and 60 "induced jobs" have been created by the federal stimulus money.
...
At one point, Ruffatto told investors of plans to build seven power plants on the Two Elk site - biomass, coal and natural gas - to provide power to Colorado and the American Southwest.
Had the dream been realized, he would have commanded a sizeable private utility.
...
Ruffatto said that North American still hoped to convert the bonds, now taxable, to "tax exempt bonds at a later date."
In his letter, however, IRS supervisor Henn wrote that Campbell County and North American Power Group "should strongly consider the appropriateness of any future tax-exempt issuances with respect to the project unless there is an imminently implementable plan to buy them back."
Meanwhile, North American's website and public statements no longer mention "waste coal" in connection with the Two Elk power plant. Instead, as Ruffatto wrote in an October 26, 2010 letter to the California Energy Commission, it now plans to burn "woody waste resulting from the removal of hazardous fuels in forests throughout the western United States due to an epidemic of mountain pine beetles."
76 Hours Per Week @ $214.38 Per Hour
Approved in 2009 and 2010, the federal stimulus grants to North American Power Group allowed Ruffatto to use federal funds to pay a significant portion of his own salary and that of several of his key employees, including Enzi, while waiting for conditions to improve for the construction of the Two Elk power plant.
...
Ruffatto bills the government $214.38 an hour as "chief investigator" for the stimulus project.
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Ruffatto, 65, said in a telephone interview that his hourly rates were worked out in advance with DOE and, in his case, represented a "discount" from his normal rate of pay as chief executive of a regional energy company with offices in Colorado, California and Wyoming.
October salaries and fringe invoice documentation
A salaries and fringe benefits invoice for employees from the North American Power Group and North American Land & Livestock for the month of October. (courtesy of the Department of Energy - click to enlarge)
In one month alone - October, 2010 - Ruffatto was paid $73,369.52 in salary and benefits from the stimulus funds, according to the invoices obtained by WyoFile. Ruffatto reported working 305 hours in that month - or 76 hours a week- for the stimulus project, while also performing his other duties as CEO of North American Power Group.
By comparison, the Wyoming median household income for an entire year is $54,400, according to the most recent census reports. Ruffatto received more in federal pay and benefits during the two-year period than President Obama, whose annual salary is set at $400,000 with a $50,000 expense allowance.
According to his company website, Ruffatto founded privately-held North American Power Group in 1992:
"Ruffatto has over 30 years in the gas, oil and energy trading and power generation industries, including both regulated and unregulated businesses, as a businessman and lawyer. Mike served as a Board of Trustees member of the Western Electricity Coordinating Council from 1999-2002."
A company presentation prepared for investors in December 2006 reported NAPG's annual revenues at $85 million, with total assets at $614 million and a net annual income of $20 million.
Accordingly, Ruffatto maintains an upper income lifestyle. Public records show he owns homes in Colorado and California. The Arapahoe County Assessor appraises Ruffatto's 6,000 square foot estate on 10.7 acres in the affluent Cherry Hills Village suburb south of Denver at $9 million.
...
Michael Ruffatto's home in Corona del Mar, California, is worth approximately $2 million. (Sarah Tempest/WyoFile - click to enlarge)
Public records show that Ruffatto also owns a smaller home that is valued in the neighborhood of $2-million in Corona del Mar, California, an extremely affluent Orange County beach community. In July 2009, the Orange County Business Journal reported that Ruffatto sold another, much more dramatic home in Corona del Mar for $12.1 million to Los Angeles Angels baseball team owner Arte Moreno.
Ruffatto is also a generous philanthropist and regular political contributor, primarily to Democrats, but also to Republicans.
In 2007, he and his late wife Joan gave $5 million to the University of Denver, where their daughter had attended college. Because of the gift, a building in the Morgridge College of Education is now named Ruffatto Hall. In 2009, Ruffatto was named in a Stanford University press release as a major donor to the university's new $100 million Precourt Institute for Energy. The amount he gave was not disclosed.
Earlier this year, Ruffatto became engaged to prominent Orange County socialite Eve Kornyei.
...
According to records at the Federal Election Commission, Ruffatto contributes to candidates of both major political parties, most recently $4,800 to the successful 2010 US Senate campaign of freshman Colorado Democrat Michael Bennet. But he has also donated in the past to conservative Arizona Republican US Sen.
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"I don't think Mike Ruffatto has ever met my dad," Brad Enzi, 36, said in a recent interview.
...
Detwiler said the budget specialists concluded that "the salary and benefits being paid to Mr. Ruffatto and Mr. Enzi are appropriate for their skill set and the work they perform."
...
The North American Power Group project hired Montana State University, which helped Ruffatto write the proposal for the stimulus grant, and Stanford University, where Professor Sally Benson, like Surdam at UW, is a leading scientist in the area of geologic storage of CO2 in deep underground formations, as subcontractors.
...
"We were very fortunate," said Ruffatto, a political science graduate of Stanford University and law school alum of the University of South Carolina, "to be chosen among a number of other projects throughout the United States, each one of which is obviously looking at different features, different geologies, the end result of which is going to be to add to the knowledge base and data base that the Department of Energy and others have been trying to promote and hopefully commercialize."
- Frequent contributor Rone Tempest is a former national and foreign correspondent for the Los Angeles Times. From 2008-2010 he was WyoFile's editor. He lives in Lander.
...
Keywords: Brad Enzi, Carbon Site Characterization, Energy Park, Michael Ruffatto, Mike Enzi, North American Power Group, Powder River Basin, stimulus, Two Elk
...
"In one month alone - October, 2010 - Ruffatto was paid $73,369.52 in salary and benefits from the stimulus funds, according to the invoices obtained by WyoFile. Ruffatto reported working 305 hours in that month - or 76 hours a week- for the stimulus project, while also performing his other duties as CEO of North American Power Group.
By comparison, the Wyoming median household income for an entire year is $54,400, according to the most recent census reports. Ruffatto received more in federal pay and benefits during the two-year period than President Obama, whose annual salary is set at $400,000 with a $50,000 expense allowance."
Welcome to North American Power Group, Ltd.
www.napg-ltd.com, 9 Dec 2010 [cached]
Michael J. Ruffatto established North American Power Group, Ltd. (NAPG) in Englewood, Colorado in 1992. Ruffatto has over 30 years in the gas, oil, and energy trading and power generation industries, including both regulated and unregulated businesses, as a businessman and lawyer. NAPG owns and manages six power generation facilities and is currently developing several additional facilities. Its subsidiaries are licensed wholesale power marketers and licensed retail marketers in certain states.
Mike served as a Board of Trustees member of the Western Electricity Coordinating Council from 1999 to 2002.
"We had reached a point where ...
ir.constellation.com, 14 Dec 2009 [cached]
"We had reached a point where dramatic changes needed to be made," added Mike Ruffatto, president of North American Power Group, Ltd.
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