Midwest ISO names chief operating officer

CARMEL, IN — April 20, 2004 –The Midwest Independent Transmission System Operator, Inc. (Midwest ISO) announced it has hired John R. Bear to serve as the organization’s first Chief Operating Officer (COO). As Senior Vice President and COO, Bear will be responsible for all operations, engineering and information technology functions within the organization.

“John has a wealth of industry and leadership experience in a variety of areas, and will be a tremendous asset to our organization,” said James P. Torgerson, president and CEO of the Midwest ISO. “I’m confident he will help us achieve our goal of becoming the premier Regional Transmission Organization in the country.”

Prior to joining the Midwest ISO, Bear held several positions with Houston-based Reliant Resources, Inc. Most recently as President of the company’s Mid-Atlantic and Mid-Continent Regions, Bear directed all operations and commercial activity within Reliant’s largest operating region, with 10,400 MW of generating capacity. He coordinated activity around the regional assets and markets – including developing regional strategy, managing operations, developing markets and interfacing with federal and state political and regulatory officials.

Bear previously served as COO and Managing Director for Reliant’s European operations. In that position, he directed day-to-day operations and prominently contributed to the restructuring and development of the Dutch market as a Board member of the Amsterdam Power Exchange. Additionally, he significantly restructured the company’s assets, reducing costs and increasing profitability in preparation for its sale.

“I’m thrilled with the opportunity to join the Midwest ISO at such an exciting time for the organization and our industry,” Bear said. “The Midwest ISO is literally and figuratively at the crossroads of a new era, and I look forward to the challenges that lie ahead.”

Bear has an undergraduate degree in Finance and Accounting from Southern Methodist University in Dallas, and earned his Masters in Business Administration from SMU in 1989.

For more information about the Midwest ISO, please visit www.midwestiso.org

About Midwest ISO

The Federal Energy Regulatory Commission approved the Midwest ISO as the nation’s first Regional Transmission

Organization (RTO) on December 20, 2001. Midwest ISO, in its role as a regional transmission organization, monitors electric reliability throughout much of the Midwest – an area that encompasses more than 96,000 miles of interconnected high voltage transmission lines in all or parts of 15 states and one Canadian province. Midwest ISO is responsible for coordinating the operation of the wholesale electric transmission system and ensuring fair access to the grid.

For more information on Midwest ISO, visit www.Midwest ISO

CONTACTS:
Gary Rasp, (317) 432-4507
Colleen Matthews, (317) 432-3787

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