Industry & Services >> Sector Roundtables >> October 29, 2001

Roundtable Forum: Utilities & Power Companies

Timothy M. Winter, Vice President, joined A.G. Edwards in 1991. Mr. Winter holds a Master's degree from the University of Notre Dame. A Chartered Financial Analyst, Mr. Winter has been a Wall Street Journal All Star Analyst (for both stock picking and earnings estimate accuracy), recognized in the annual Reuters Survey as a top analyst in the electric and water utility industries and is a member of the St. Louis Society of Financial Analysts. He follows electric and water utility stocks. Profile
PAUL B. FREMONT is a Managing Director of Equity Research at Jefferies & Company, Inc., where he follows the electric utilities sector. Prior to joining Jefferies in August 1999, he was a Senior Utility Analyst at Brown Brothers Harriman. Before that, Mr. Fremont was at Smith Barney, specializing in 70 electric and water companies. Previously, Mr. Fremont was a Senior Analyst and Vice President at Moody's Investor Service. Mr. Fremont holds an MBA in Finance and International Business and a BA in History and Politics from New York University. Profile
Daniele M. Seitz is Vice President of Equity Research and Senior Analyst at Dudack Research Group, a division of Midwood Securities, Inc., where she covers the electric utilities and independent power producers Ms. Seitz has over 25 years of experience as a sell-side research analyst in the electric sector. For most of her career, she was the Senior Analyst responsible for the coverage of the electric utility industry at Smith Barney, now Citigroup, providing research on up to 75 stocks. At UBS Securities, in addition to the electrics, she also initiated coverage on a new sector, the independent power producers. Ms. Seitz was recognized as a top stock picker by The Wall Street Journal "All Star Team" and was twice voted one of the top industry analysts by Institutional Investor magazine. She joined Dudack Research Group after several years at Dahlman Rose, an investment boutique. A current member and former President of the Wall Street Utility Group, Ms. Seitz is often quoted in Bloomberg, The New York Times and The Wall Street Journal for her views on the sector. She holds degrees in engineering from the Ecole Polytechnique in Paris and finance from Iona College.Hugh Wynne is a Senior Research Analyst at Sanford C. Bernstein & Co., LLC, where he covers the U.S. power industry. Before joining Bernstein in 2001, he was Vice President of Finance for ABB Energy Ventures, an independent power producer, and a member of the ABB Group, where he was responsible for financing the construction and acquisition of power generation and transmission projects in North and South America, Europe, Asia and Australia. Previously, Mr. Wynne was a Senior Vice President in Lehman Brothers' investment banking department, where he advised independent power producers on the non-recourse financing of new generation projects, international utility companies on both debt and equity financing, and developing country governments on the privatization of state-owned telecom and energy companies. He graduated from Harvard College, where he was elected to Phi Beta Kappa, and earned his master's degree in economics from Stanford University.Maurice E. May is an Equity Analyst at Power Insights-Soleil. Mr. May has followed electric and gas utilities for three decades with the following firms: Alex. Brown & Sons, Ferris Baker Watts, Gardner & Preston Moss/INVESCO and Friedman, Billings, Ramsey & Co. He founded Power Insights in March 2003 in association with Soleil Securities, focusing primarily on small- to mid-cap electric utility companies. Mr. May has a B.A. from the University of Maryland and is a member of the CFA Institute, the Providence Society of Financial Analysts and the CFA Society of Washington. Profile
TWST: I know we've called this the Electric Utilities Industry

Roundtable in the past, but would that be the correct title today?

Mr. Fremont: I think we are seeing the joining together of