Industry & Services >> Sector Roundtables >> August 7, 2000

Roundtable Forum: Electric Utilities

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. Profile
EDWARD J. TIRELLO, JR. is a Managing Director at Deutsche Bank. Previously, he was associated with Deutsche Banc Alex. Brown, NatWest Securities, Smith Barney, Harris Upham & Co., and Shearson Lehman Brothers. Mr. Tirello received his Bachelor's degree in Economics from St. Peter's College and his MBA from Fairleigh Dickenson University. He has also done postgraduate work at Pennsylvania State University. Profile
DAVID M. SCHANZER is Vice President-Research of Janney Montgomery Scott LLC. Previously, he was associated with PECO Energy as Director of Investor Relations. He earned both his Bachelor's degree and his MBA from Temple University. Mr. Schanzer is married, has two children and includes travel, hiking and fishing among his personal interests. He is also the Treasurer of the Philadelphia Young Playwrights Festival. Profile
DANIEL F. FORD is a Managing Director and Head of US Utilities Research at ABN AMRO, Inc. Prior to joining the firm, he served as Managing Director, covering the US electric utility industry at HSBC Securities. He has also covered electric utility stocks at Dean Witter, Merrill Lynch, and Morgan Stanley. A Chartered Financial Analyst, Mr. Ford holds a Bachelor's degree in Economics from Dartmouth College. Profile
TWST: The world of investing in electric utilities is a lot more

complicated than it was a few years ago, when The Wall Street Transcript

segmented the industry by geographic regions. How do you