Raymond C. Niles

RAYMOND C. NILES is Director of the Integrated Power/Gas research team
at Salomon Smith Barney, and oversees coverage of Power Producers,
Energy Merchants and Integrated Utilities. He joined SSB in 2000 from
Schroders, where he covered this sector for three years. Prior to that,
he worked at Smith Barney (electric utilities) and Goldman Sachs
(retailing). Mr. Niles holds an MBA in Finance and Economics from New
York University. He has been identified as Best Up and Comer in both
Electric Utilities and Natural Gas by Institutional Investor magazine,
and has been recognized in the Wall Street Journal All-Star Analysts
Survey for both stock picking and earnings estimate accuracy.