Mark  FYI regarding Jim's new role.  
Thanks
Elizabeth
36349

--------- Forwarded by Elizabeth Sager/HOU/ECT on 07/20/99 08:26 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.