Power and utilities sector leaders need to rethink the business to both serve and harness technology like artificial intelligence. It is about navigating the market and geopolitical uncertainties while shaping the future of business.

Jagoron (Jag) Mukherjee

Managing Director, Strategy and Transactions, EY-Parthenon, Ernst & Young LLP

Long-term market orientation, decision-focused, innovation-minded, problem solver, author, F1 fan and sports dad.

Jag works with power and utilities leadership teams at points of inflections where large, capital-intensive programs shape long-term growth and enterprise value. He brings more than 28 years of experience advising CXOs, boards and investors across regulated utilities, energy infrastructure and complex capital programs. Jag currently leads the EY-Parthenon Power & Utilities corporate and business strategy agenda. He is the author of the book Recreating the Power Grid.

In his experience, execution challenges typically originate upstream, when decision rights, risk ownership and governance fail to force hard trade-offs while strategic options are still open. Jag helps leadership teams resolve these issues early, clarifying where value is created, which bets must be taken deliberately, and how capital allocation and well-designed delivery models become enduring sources of competitive advantage.

He holds an MBA from the University of Chicago Booth School of Business and an MS in Electric Power Engineering from Rensselaer Polytechnic Institute.

How Jag is shaping the future with confidence

Jag’s work contributes to a better world by strengthening the quality of decisions that shape outcomes over time. He applies a systems-thinking lens to strategic issues where technical, regulatory, financial and organizational factors intersect, helping management recognize how well-intended actions underperform when complexity is misunderstood or ignored. By making trade-offs explicit and surfacing hidden constraints early, he helps leaders act with deliberateness and conviction.

At moments when organizations face uncomfortable choices, Jag elevates clarity supporting leadership teams as they make difficult decisions grounded in reality rather than optimism or fear. This enables responsible innovation and creativity within boundaries and builds resilient companies that confront complexity head-on and steward long-lived assets responsibly.

 

 

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