Joseph Fichera never imagined he’d wind up making photocopies at Kinko’s at 4:00 a.m. like some stressed-out college sophomore when he agreed to advise California Governor Gray Davis on the state’s energy crisis. But one night in April, Fichera - who raised billions of dollars for energy companies as a banker at Prudential Securities and Bear Stearns - was racing to compile a briefing book needed the next day and had no choice but to roll up his sleeves. “On Wall Street there would have been a zillion people to help,” he says. “I kept saying, ‘Gee, haven’t I promoted myself from associate?’”
The late-night gig at Kinko’s hasn’t been the only rude awakening for 47-year-old Fichera, who last year founded Saber Partners, a New York-based financial consulting firm for energy and power
companies. He championed Davis’s plan to issue some $30 billion in bonds that would allow the utilities to keep the lights on this summer. But what Fichera sees as a straightforward plan has raised the eyebrows of state lawmakers who would like to see Southern California Edison follow Pacific Gas & Electric into bankruptcy - setting the stage for the state to take over the utilities’ assets. “In New York I’m a liberal Democrat, out of the mainstream,” says Fichera. “But out here I’m a totally conservative right-winger. I’m the Wall Street guy.”
