Ronald J. Barone

RONALD J. BARONE is the Managing Director of the Natural Gas & Electric
Utilities Group of UBS Investment Research. An analyst since 1971, Mr.
Barone specializes in natural gas pipelines/distribution companies,
electric utilities, independent power producers, and energy master
limited partnerships. He has been ranked on Institutional Investor’s
All-American Research Team for 29 consecutive years, including a number
one spot in the natural gas category in 2003. Prior to the UBS AG
acquisition of PaineWebber Incorporated, Mr. Barone was the natural gas
analyst at PaineWebber. Prior to that, he followed natural gas and
electric utilities at Kidder Peabody & Co. Mr. Barone earned an MBA
degree from New York University and a BA degree in Economics from
Manhattan College.