Mid Market

Guys, Swank has confirmed with me that he is committed to join the mid-market
group in east power and make a difference. I would strongly support his
movement into either SERC or ECAR as per our earlier discussion.

I hope to be moving several experienced dealmakers into the gas and power
mid-market groups to increase our deal-making skills and relationships in
those markets. I would also hope to move a reasonable number of new
associates (that only rotate within trading and mid-market) to the various
desks. The goal is to increase the bench strength of the trading and
mid-market groups plus support John's iniatives on the fundamental groups.

Regards
Delainey