William Davis, William Powell and Joseph Williams will serve on the board until the next election of directors in late 2004.
Davis, New York, has spent much of his career in the electric power industry, most recently as chairman of National Grid USA, a subsidiary of National Grid Transco, of London. He also served in a number of senior and executive management positions, including chairman and chief executive officer at Niagara Mohawk Power Corporation. Davis also was the executive deputy commissioner of the New York State Energy.
Powell, Connecticut, is currently managing director of Williams Street Advisors, an investment banking advisory boutique. He had been Co-Head of Dillion Read's Corporate Finance Department prior to the firm's sale and subsequent merger with UBS AG and remained in the Corporate Finance Department of the merged firm until he helped found Williams Street Advisors. Since 1993, he has been a director of Cytec Industries where he chairs the Governance Committee and serves on the Audit Committee.
Williams, Texas, has had 18 years experience with Chevron Corp, before he held chairman and chief executive officer positions with both private and publicly traded oil and natural gas exploration and production companies. He most recently was chairman and chief executive officer of DevX Energy, after serving as president and chief executive officer of MCN Investment Corporation.