Robert M. Rubin

ROBERT M. RUBIN is the Senior Fixed-Income Research Analyst covering the
electric utility and energy sectors for Deutsche Bank Securities. He has
covered the electric utility industry since December 1995, and began
coverage of the energy sector in April 2002. Mr. Rubin joined the firm
in April 2002 as a Director in the Investment Grade Research Department.
Before that, he had been at Goldman Sachs since January 2000, where he
was a Vice President and the Senior Fixed-Income Research Analyst
covering electric utilities. Prior to joining Goldman Sachs, Mr. Rubin
began his career at Bear, Stearns & Co. in December 1995, where he left
as a Vice President and the Senior Fixed-Income Research Analyst
covering electric utilities. Mr. Rubin has been ranked by Institutional
Investor on its All-America Fixed-Income Research Team since taking over
senior coverage of the electric utilities sector in May 1998. In 1999,
he was named as Runner-Up, and in 2000 and 2001 he was awarded First
Team honors. Mr. Rubin has also been a source of information for The
Wall Street Journal, Reuters, Bloomberg News and various other major
media sources, and is a frequent speaker at industry events. He
graduated with a Bachelor of Science degree in Finance from the
Pennsylvania State University in June 1996.