Federico Peña: Difference between revisions

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=== Clinton administration ===
Peña advised [[Arkansas]] Governor [[Bill Clinton]] on transportation issues during Clinton's Presidentialpresidential transition and thereafter Clinton chose Peña to head the [[United States Department of Transportation]].
 
In 1995 the Justice Department conducted a preliminary investigation into a California transit agency's awarding of a pension management contract to Peña's former investment management firm. However, Peña had severed all ties to his former company both prior to the contract and prior to becoming Transportation Secretary. On March 17, 1995 [[Janet Reno]] ended the investigation.<ref>[https://query.nytimes.com/gst/fullpage.html?res=990CE6DC1F3FF934A25750C0A963958260 "Secretary of Transportation Will Not Face a Prosecutor"], ''New York Times'', March 17, 1995</ref>
 
Although he had intended to leave Clinton's [[United States Cabinet|cabinet]] after a single term, Peña also served as [[United States Secretary of Energy|secretary of energy]] from 1997 to 1998.<ref>[https://query.nytimes.com/gst/fullpage.html?res=9B04E4DC1E3AF934A35757C0A96E958260 "Peña Resigns as Energy Secretary, Citing Concerns for Family"], ''New York Times'', April 7, 1998</ref> During his 18-month tenure, Peña led an organization of 16,000 direct employees with a budget of $18 billion. He developed the Clinton administration's Comprehensive National Energy Strategy and oversaw the largest privatization in the history of the U.S. Government—the $3.654 billion sale of the [[Elk Hills Oil Field]], formerly known as Naval Petroleum Reserve No. 1. He crafted the Clinton Administration's strategy for oil and gas development in the Caspian Sea region and supported U.S. energy companies' investments around the world.
 
===Later career===
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Peña was a National Co-Chair of the COMPETE Coalition, an organization of energy stakeholders including large power generators, large retail power consumers and energy efficiency/smart grid groups. Today he serves on several corporate boards and is involved in several philanthropic organizations.
 
On September 7, 2007, Peña announced that he would endorse Senator [[Barack Obama]] in the [[2008 United States presidential election|2008 presidential election]], and also serve as Obama's National Campaign Co-chair. The move was notable in that Peña did not endorse Senator [[Hillary Clinton]], the wife of the president under whom he served.<ref>[https://web.archive.org/web/20080315083701/http://politicalticker.blogs.cnn.com/2007/09/07/clinton-cabinet-member-backs-obama/ CNN Political Ticker: All politics, all the time Blog Archive – Clinton cabinet member backs Obama « – Blogs from CNN.com<!-- Bot generated title -->]{{Dead link|date=April 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> On November 5, 2008, he was named to the advisory board of the [[Obama-Biden Transition Project]].<ref>[[Lynn Sweet|Sweet, Lynn]] [http://blogs.suntimes.com/sweet/2008/11/jarrett_podesta_rouse_to_lead.html Jarrett, Podesta, Rouse to lead Obama transition; Bill Daley co-chair] {{webarchive |url=https://web.archive.org/web/20081210145131/http://blogs.suntimes.com/sweet/2008/11/jarrett_podesta_rouse_to_lead.html |date=December 10, 2008 }} ''Chicago Sun-Times'', November 5, 2008</ref>
 
On October 26, 2011, Peña was elected to serve as a member of the Board of Directors of [[Wells Fargo]].<ref>{{Cite web |url=https://www.wellsfargo.com/press/2011/20111026_FedericoPenaElectedtotheBoard |title=Wells Fargo - News Releases |access-date=2012-01-27 |archive-url=https://web.archive.org/web/20140406005409/https://www.wellsfargo.com/press/2011/20111026_FedericoPenaElectedtotheBoard |archive-date=2014-04-06 |url-status=dead }}</ref> Peña was appointed to the [[University of Denver]] Board of Trustees in June 2015.
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[[Category:People from Laredo, Texas]]
[[Category:Saint Joseph Academy (Brownsville, Texas) alumni]]
[[Category:United States Secretariessecretaries of Energyenergy]]
[[Category:United States Secretariessecretaries of Transportationtransportation]]
[[Category:University of Denver people]]
[[Category:University of Texas School of Law alumni]]