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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release August 6, 1997

            PRESIDENT CLINTON NAMES MICHAEL L. TELSON AS THE 
          CHIEF FINANCIAL OFFICER FOR THE DEPARTMENT OF ENERGY

President Clinton today announced his intent to nominate Michael L. Telson to serve as the Chief Financial Officer for the Department of Energy.

Michael Telson, of Miami Beach, Florida, is currently the Special Assistant to the Deputy Secretary at the Department of Energy, where he is responsible for science, budget, and energy issues. From 1974 to 1995 he served as Senior Analyst for the Committee on the Budget of the United States House of Representatives, where he advised the Committee on energy, science, and space programs in the Federal budget, as well as on FCC spectrum auction issues. Dr. Telson also has served as the staff economist for the House of Representatives Ad Hoc Committee on Energy, and as staff coordinator of the Speaker of the House of Representative's Task Force on Energy. From 1980 to 1984, he served on the governing Council of the International Association for Energy Economics (IAEE). Dr. Telson served one year, 1973 to 1974, as a Congressional Fellow of the American Association for the Advancement of Science (AAAS) with the U.S. Senate Committee on Interior and Insular Affairs. Dr. Telson received B.S., M.S., E.E., and Ph.D. degrees in electrical engineering from the Massachusetts Institute of Technology, and an M.S. degree in industrial management from the MIT Sloan School of Management. He was a Hertz Fellow throughout his graduate studies, and is a member of the Sigma Xi, Tau Beta Pi, and Etta Kappa Nu scientific and engineering honorary societies.

The Chief Financial Officer (CFO) for the Department of Energy reports directly to the Secretary regarding financial matters. The CFO oversees all financial management activities relating to the programs and operation of the Department of Energy and maintains an integrated agency accounting and financial management system.

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