Paul B. Fremont

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.