Industry & Services >> Analyst Interviews >> June 14, 2000

Electric Utility Fixed Income Investments : Terran Miller – Donaldson, Lufkin & Jenrette

TERRAN A. MILLER is a Senior Utility Analyst at Donaldson, Lufkin & Jenrette, concentrating on both high grade and high yield electric utilities and independent power producers. In 1998, he expanded his coverage to include gas pipeline companies. Prior to joining the firm, Mr. Miller spent four years at Merrill Lynch, where he headed their utility research effort that covered electric utilities, telephones and natural gas distribution and pipeline companies. During his six years at Drexel Burnham Lambert, he headed their high-grade corporate bond research team as well as followed the electric utility industry. He also spent four years at Standard & Poor's Corporation, concentrating on electric utilities in both the equity research and bond rating departments. Mr. Miller holds a BSBA in Business Administration from Georgetown University. He is a Chartered Financial Analyst and a member of the NYSSA. Profile
TWST: Terran, has the consolidation, convergence and deregulation of the

electric utility industry changed the way you analyze these credits?

Mr. Miller: Absolutely. We are definitely giving