I am pleased to announce that effective July 1st the following individuals have been promoted from Director to Senior Director.  

Dan Allegretti - Dan has been a leader on both retail and wholesale electricity issues in New England for the past several years with Enron, resulting in Dan currently serving as Chair of the New England Power Pool Participants Committee.  Dan, more importantly, has been very active, both in the past and during the course of this year, in ensuring that transactional opportunities in the New England region are fully exploited by both Enron Wholesale Services and Enron Energy Services.  Dan's participation in the United Illuminating deal has been mentioned many times, but Dan has also played a critical role in working with Enron Energy Services this year in helping to develop a national business plan for creating value through the delivery of retail services in partnership with municipal and privately owned utilities.

Robert Hemstock - Rob's participation in the development of Alberta's competitive electricity market and the ensuing PPA project, that has produced considerable value for Enron and Enron Canada has been quite notable.  Rob has been a leader, not only with policy makers, but also with his commercial counterparts in ensuring that the PPA transaction was brought to fruition last year.  Rob has also played a critical role in preserving the value embedded in that deal throughout the course of this year.  Rob's knowledge of both wholesale and retail issues in both the natural gas and electricity industries in Western Canada is unparalleled.  

Sue Mara - Sue is a warrior.  Sue has fought endlessly and courageously during her years with Enron in trying to ensure, against all odds, that retail and wholesale electricity markets work as effectively as possible in California while also protecting Enron's interests in that very challenging state.  Sue is a passionate believer in the efficacy of markets, and fights tirelessly for both the issues as well as the well-being of the company in California.

Please join me in congratulating each of these individuals on their significant accomplishments.