David Crane
Under Secretary, Department of Energy
Observations
  • Millionaire
Estimated Net Worth
  • estimated net worth
    $34.6 M - $122.1 M
Salary
  • salary
    Unknown

Financial Disclosure Details - OGE Form 278e (01/11/2023)

Positions Held Outside United States Government

#
Organization
City
Position
To
1
CRIS Services, LLC
Princeton, New Jersey
Co- owner/Member
9/2022
2
JERA. Co., Inc. (power generation services)
Tokyo, Japan
Director
9/2022
3
Saudi Electricity Company
Riyadh, Saudi Arabia
Director; Member of the Executive Committee; Member of the Risk Committee; Member of the Health Safety Security & Environment & Sustainability Committee
8/2022
4
Tata Steel Ltd. (steel manufacturing)
Mumbai, India
Director; Member of Audit Committee; Member of the Safety, Health and Environment Committee
9/2022
5
Heliogen, Inc. (Renewable Energy Company, Solar)
Pasadena, California
Director; Member of Audit Committee; Chairman of the Compensation and Human Capital Committee
9/2022
6
Climate Transition Capital Acquisition I B.V (European climate SPAC, private LLC)
Amsterdam, Netherlands
Strategic Partner; Non- executive Member of the Board of Directors
9/2022
7
Source Global, PBC (renewable drinking water technology)
Phoenix, Arizona
Director
9/2022
8
Inspire Clean Energy
Santa Monica, California
Director
9/2021
9
Climate Group North America
New York, New York
Director
9/2022
10
The B Team
New York, New York
Director; Chairman of Audit Committee
9/2022

Employment Assets & Income and Retirement Accounts

#
Description
Value
Income Type
Income Amount
1
Heliogen, Inc. (renewable energy company, solar)
1.1
Heliogen, Inc.
Directors Fees - retainer (1/1/2022- 9/5/2022)
$29,166
1.2
Heliogen Inc. Stock
$1,001 - $15,000
None (or less than $201)
1.3
Heliogen, Inc.
Audit Committee Member Fees
$8,333
1.4
Heliogen, Inc.
Chair of Human Capital and Compensation Committee Fees
$16,666
2
Saudi Electricity Company
2.1
Saudi Electricity Company Q1 2022
2.1.1
Saudi Electricity Company [received for meetings [Q1 2022]
Executive, Risk, HSSE Committee Meetings sitting fees
$4,000
2.1.2
Saudi Electricity Company [received for meetings Q1 2022]
Executive, Risk, HSSE Committee Meetings bonus fees
$26,000
2.1.3
Saudi Electricity Company [received for meetings Q1 2022]
Work Assignment Meeting fees
$5,600

Employment Agreements and Arrangements

#
Employer Or Party
City
Status And Terms
Date
1
NRG Energy, Inc.
Princeton , New Jersey
I will continue to participate in this defined benefit plan.
12/2003
2
EVgo Inc. (successor to CRIS I SPAC)
Los Angeles, California
I currently retain restricted stock, warrants and class A common shares of EVgo, Inc. The current restricted stock are subject to a lock-up/ forfeiture provision for a period of five years following the closing (7/1/21) of the business combination between EVgo and its predecessor, until such time that the share price of EVgo trades at a volume-weighted-average share price of $15 for 20 trading days in any 30 trading days.
8/2022
I will divest my stock, warrants and vested restricted stock in EvGo, Inc. as soon as practicable but not later than 90 days after my confirmation. divest my vested restricted stock, I will forfeit them.
3
CRIS Europe I, LLC (European Climate Private LLC) Climate Transitional Capital Acquisition I BV (European Climate SPAC) [collectively CTC]
Amsterdam, Netherlands
Pursuant to the terms of my agreement with the company I currently retain unvested restricted sponsor shares and unvested restricted warrants. These interests remain unvested and restricted because they cannot be traded until after a deal is consummated and the lock-up provisions are satisfied.
6/2021
The Sponsor Shares (CTC’s nomenclature for “Founder Shares”) are not transferable, assignable or saleable by CRIS Europe I, LLC until the earlier to occur of: (A) one year after the completion of the Business Combination or (B) after completion of the Business Combination, if the closing share price of the Ordinary Shares on Euronext Amsterdam equals or exceeds €12.00 per Ordinary Share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the completion of the Business Combination and(y) the Sponsor Warrants are not transferable, assignable or saleable until the thirty (30) days after the completion of the Business Combination.
For the avoidance of doubt, any realization of receipt of these warrant or share securities is contingent on CTC effecting a business combination with a target company. Moreover, the same caveats apply as to the possibility of the CTC management team negotiating changes that may result in extending the duration of the lock-ups and /or other similar terms and conditions.
Filer is in the process of transferring the entirety of its interest in CRIS Europe I LLC, the vehicle that holds the Filer’s interest in the Sponsor shares, to a family trust.
4
Source Global PBC (renewable drinking water)
Phoenix, Arizona
I was permitted to retain my vested restricted stock awards
8/2022

Sources of Compensation Exceeding $5,000 in a Year

#
Source
City
Duties
1
Climate Transition Capital Acquisition I B.V (European climate SPAC, private LLC)
Amsterdam, Netherlands
Strategic Partner; Non-executive Member of the Board of Directors
2
Heliogen, Inc. (Renewable Energy Company, Solar)
Pasadena, California
Director; Member of Audit Committee; Chairman of the Compensation and Human Capital Committee
3
JERA. Co., Inc. (power generation services)
Tokyo, Japan
Director
4
Saudi Electricity Company
Riyadh, Saudi Arabia
Director
5
EN+ Group PLC
London, United Kingdom
Independent Trustee
6
Source Global, PBC (renewable drinking water technology)
Phoenix, Arizona
Director
7
Tata Steel, Ltd
Mumbai, Outside U.S.
Duties as Director and Member of Audit Committee

Spouse's Employment Assets & Income and Retirement Accounts

#
Description
Value
Type
Amount
1
IRA #1
1.1
US Bank (cash)
$50,001 - $100,000
None (or less than $201)
2
New Material Culture, Inc. d/b/a Material Culture, Inc.
$50,001 - $100,000
Salary

Other Assets and Income

#
Description
Value
Type
Amount
1
US Bank #1 (cash)
$1,000,001 - $5,000,000
Interest
$201 - $1,000
2
US Brokerage Account #1
2.1
ALTAGAS LTD COM
$1,000,001 - $5,000,000
Dividends
$50,001 - $100,000
2.2
BROOKFIELD RENEW PARTNERS LP (BEP)
$500,001 - $1,000,000
Dividends
$15,001 - $50,000
2.3
The Coca-Cola Co. (KO)
$50,001 - $100,000
Dividends
$1,001 - $2,500
2.4
Duke Energy Corp. (DUK)
$250,001 - $500,000
Dividends
$5,001 - $15,000
2.5
Hyzon Motors Inc. (HYZN)
$50,001 - $100,000
None (or less than $201)
2.6
Kinder Morgan, Inc. (KMI)
$100,001 - $250,000
Dividends
$5,001 - $15,000
2.7
NIKE, Inc. (NKE)
$250,001 - $500,000
Dividends
$2,501 - $5,000
2.8
Pfizer Inc. (PFE)
$50,001 - $100,000
Dividends
$2,501 - $5,000

Transactions

#
Description
Type
Date
Amount
Nothing reported in this section

Liabilities

#
Creditor
Amount
Incurred
Term
1
Morgan Stanley
$1,000,001 - $5,000,000
2020
revolving

Gifts and Travel Reimbursements

#
Source Name
City
Description
Value
Nothing reported in this section

Endnotes

Section
#
Description
1
16
1
17
Dissolved
1
18
Dissolved
2
1.2
Will divest
2
2.5.1
Subsequent to the submission of this report the amount identified in this line item was returned to the company
2
2.5.2
Subsequent to the submission of this report the amount identified in this line item was returned to the company
2
2.5.3
Subsequent to the submission of this report the amount identified in this line item was returned to the company
2
4.1
Will divest
2
12
2/22/23 Filer relinquished any right to any claim of the return of any cash from CRIS Services LLC.
3
2
Filer retains these same holdings in his family investment vehicle identified as Orchard Hill Family LLC, and the same lock up provisions apply to the restricted stock holdings in that entity. EVgo stock owned by Filer, Filer's spouse and Filer's dependent child will be divested.

Do you have information about David Crane that is missing from this database?

Drop us a line at info@insidebidensbasement.org.

We want your help. If you have any additional information about an appointee that is or isn’t in our database, or any corrections, let us know via email at info@insidebidensbasement.org .

© 2023 Biden's Basement. All rights reserved