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FYI
Have a great day eas ---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 07/20/99 08:44 AM --------------------------- Christian Yoder 07/19/99 03:51 PM To: Elizabeth Sager/HOU/ECT@ECT cc: Subject: Jim Fallon in Charge of Power and Emissions Trading ---------------------- Forwarded by Christian Yoder/HOU/ECT on 07/19/99 01:51 PM --------------------------- From: Tim Belden on 07/19/99 09:46 AM To: Everyone_in_ECT_Portland cc: Subject: Jim Fallon in Charge of Power and Emissions Trading Greg Whalley has informed me that Jim Fallon will now be in charge of East Power, West Power, and Emissions Trading. This means that my boss will now be Jim Fallon rather than Greg Whalley. I met with both Greg and Jim when I was in Houston last week. Greg was very complimentary of the work that we've done here. Greg has become extremely busy since his responsibilities have expanded from North American trading to risk management worldwide. Accordingly, he thought that it made the most sense to consolidate the power trading functions in North America under one person. Jim was also very complimentary of our work. We have been profitable for 6 straight quarters -- exceeded plan in 1998 and have exceeded plan in Q1 and Q2 of 1999. He wants to see this success continue. Jim expects to spend at least one day out of every two weeks up here. I am looking forward to working with Jim. He has done an outstanding job running the east power desk. This should enable us to increase coordination between the two groups and allow us to have a strong advocate in Houston. While it's too early to say anything definitively, I don't expect much to change on a day to day basis here. If anyone has any questions please don't hesitate to ask.
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