William F. Stephens graduated from the University of Virginia in June 1978 with a degree in Mechanical Engineering. Immediately upon graduation Mr. Stephens joined the Virginia State Corporation Commission as a Staff Engineer in the Division of Energy Regulation. In August 1982 Mr. Stephens was named Interim Director of the Division. He was promoted to Director in February 1983 and continues to serve in that capacity.

As Director of Energy Regulation, Mr. Stephens oversees technical staff activities relative to electric, gas and water/sewage companies. Specifically, he directs staff efforts relative to rate design, cost of service, electric generating unit performance, fuel factor projections, cogeneration rates, and transmission line and generating facility certificate applications. Mr. Stephens' Division also acts as the commission's interface with the consuming public. Consumer complaints relative to utility activities are handled by the Division of Energy Regulation. In recent years he and his Staff have focused extensively on the issue of electric utility restructuring issues. Currently, they are engaged with the other public utility divisions in implementation of Virginia's Electric Restructuring Act.

Mr. Stephens often represents the Commission before the Virginia General Assembly and he has served in a technical capacity as a Commission representative to the Southern States Energy Board, the Southeastern Electric Reliability Council and the East Central Area Reliability Council.

Cody D. Walker Assistant Director	Thomas E. Lamm Assistant Director	Timothy R. Faherty Consumer Services Manager