Gerald G. Fleming

Experience November **** – May 2008 RBS Sempra Commodities

Vice President

Construct and manage all commercial aspects of a Power focused Mid West Energy Business. The MW Business shall include, origination, structure and pricing, trade/hedge, and risk management activities around owned and controlled complex energy structures and assets.

Trade NYMEX Fixed Price Financial Natural Gas Futures and Physical OTC Swaps and Options.

May 2005 - November 2006 HESS Corporation

Director of Wholesale Origination and Structured Trade

Originate and structure, negotiate and close complex Power and Energy transactions.

Construct and manage a forward power and energy portfolio, consisting of controlled and purchased energy products to hedge and build retail and wholesale businesses.

Manager of Natural Gas Forwarding Trading, Structuring & Optimization

• Manage a group of natural gas trading and structuring professionals and their associated activities. Those activities include the purchase/sale of physical and financial gas on a term basis, providing basis pricing for all retail regions, structuring transactions for LDC, retail and wholesale natural gas customers.

• Optimization of over 8 Bcf of wholesale leased storage assets.

• Structuring and optimization of retail and wholesale BTU (gas/oil/power) transactions in Mid Atlantic, PJM and NE.

• Optimization and forward hedging of over 1 Bcf/day of prompt month and forward leased long haul capacity.

February 2004 – May 2005 Select Energy Inc.

Manager of Natural Gas

 Manage a group of natural gas trading and marketing professionals and their associated activities. Those activities include the purchase/sale of physical and financial gas on a term basis, providing basis pricing for all retail regions, structuring transactions for LDC, retail and wholesale natural gas customers, structuring and optimization of wholesale leased storage assets, structuring and optimization of retail and wholesale BTU (gas/oil) transactions, optimization and dynamic hedging of forward leased long haul capacity.

Trade NYMEX natural gas fixed price and options book.

April 2002-June 2003 TXU Energy

Vice President – Power, East Region

 Responsible for development and direction of all unregulated Eastern interconnect power portfolio management, optimization and hedge strategy teams.

 Managed a group of power trading and mid-market professionals and their associated activities. Those activities include the proprietary trading of multi energy commodities, hedge and optimization execution, structuring of wholesale BTU (power/gas/oil) transactions in the Mid West, PJM, NYISO and NE pools and markets.

 Responsible for East desks’ compliance with corporate Risk policies and industry accounting standards and procedures.

March 1997-April 2002 MIRANT

Vice President – Natural Gas, East Region

 Develop strategy, direction and coordination for the East and Mid-West physical and financial natural gas trading groups. Responsibilities include, development, strategy and implement optimization plan for physical cash, NYMEX NG futures, OTC swaps, and physical/financial basis and options.

 Responsible for oversight and optimization of all owned and controlled storage and capacity contracts.

Vice President – Power, East Region

 Manage all aspects of commercial operations associated with MIRANT’S owned Mid-Atlantic and Mid-West electric power generation portfolio (8,000 MWS/hr).

 Managed a group of over 45 mid-marketers, proprietary and asset based traders for power, coal, emissions, oil, energy and weather derivatives and their associated activities. Those activities include the proprietary trading of multi energy commodities, hedge and optimization execution, structuring of wholesale BTU (power/gas/oil/coal and emissions) transactions.

 Responsible for East desks’ compliance with corporate Risk policies and industry accounting standards and procedures.

 Developed and implemented the integration of the cash and term trading groups to focus on strategy and optimization of both physical/financial spread opportunities across NY, PJM, Cinergy, Entergy, and Vacar hubs/regions. Strategy focus was based on gaining synergies for growing electric power generation portfolio.

 Managed a group of power trading and mid-market professionals and their associated activities. Those activities include the proprietary trading and expansion into trading multi energy commodities from underlying futures contracts, swaps, options and other derivative structures.

Director of Cash Power Trading

 Created, developed and managed hourly and cash trading groups/strategies for all North American power trading hubs, (NE, NY, PJM, Midwest, SOCO, Entergy, ERCOT, COB and Palos Verdes).

 Raised SETM’s position in Power Market Weekly’s annual volume ranking from eleventh place to second place. Emphasis was placed on profitability, while reliably delivering over 80 million MWhrs.

 Manage and developed a group of rotating power schedulers and real-time traders.

January 1994 – March 1997 ENRON

Director - Cash Power Trading

 Brought on by ENRON to develop East Regions’ unregulated physical power trading and scheduling capabilities.

 Managed P&L of all East inter-connects’ intra month cash positions to delivery.

 Managed the commercial operations of Oglethorpe Power Generation (3000MW) and associated load.

 Managed and developed a group of rotating power schedulers and real-time traders.

1985 - 1994 LILCO

Electric System Operator

 Managed the daily operations of the System Operations Control Center through daily dispatch, economic loading and reliable operation of 4200 MWs of electric power generation.

Education 1979 - 1981 Palomar College San Marcos, Ca.

1983 - 1983 USCG Electricians School New York, NY.

1984 – 1984 USCG Electronics Engineering School Newport, VA.

1987 – 1994 CESOC, Electric Systems Operations Albany, NY.

2000 - 2000 University of Michigan, Finance Ann Arbor, MI.

Awards 1981 USCG Recruit Company Commander Alameda, Ca.

1981 USNL Honor Man Award Alameda, Ca.

1983 USNL Coast Guardsman of the Quarter Marina Del Rey, Ca.

1984 USCG Good Conduct Award New York, NY.

1985 USCG Meritorious Unit Commendation New York, NY.

Committees 1999 – 2002 EEI Power Contract Development Group

2001 – 2003 NYMEX Power Advisory Committee

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