The List

Hey Louise, following are a few folks I would suggest making an extra effort to talk to in the very near future, although with the announcement of Duran I think he has already begun meeting with these guys.

Ozzie Pagan-Ozzie Pagan-Ozzie Pagan
Bernie Aucoin-Head of Power Structuring
Janelle Scheur- NE mid-market
Michael Brown-NE orig.
Heather Kroll- SE orig.
Bruce Sukaly-TX orig.
Charlie Vetters/Mike Miller- Principal Investing

These gas guys could use a little attention:

Ed McMichael-Head of Gas Structuring
Frank Vickers-East gas orig.
Laura Luce-Chicago/Midwest gas

I talked with Delainey last night and asked him to talk with Duran which he did. Delainey also talked with Michael Brown and Janelle Scheur (I wasn't here). I talked with Ozzie this morning and Delainey is talking with him now. We've asked every one of these guys to stay calm and give this a chance to work. I do think they all have confidence in Duran so that's good.

Personally, I think the Baughman announcement was a mistake. Baughman is a superb mid-market leader, but the NE isn't in need of that. Janelle can handle that role with no issues whatsoever. The NE needs a high-powered structured originator that will continue to build and really lead that business. The signal that was just sent with the Baughman announcement is that the NE will be a mid-market shop only (confirming the concerns already up there), with no realistic capability of executing on the current business plan.

Please let me know if there's anything more I can do. It really took a lot of work to get East Power finally set up like it needs to be, and I really hate to see it falling apart like this. And remember, we have put out no "bids" for ANY individual within ENA or wholesale.

Call if you need anything...