Richard J. Rudden elected to North American Energy Standards Board

HAUPPAUGE, N.Y., Dec. 11, 2002 — R.J. Rudden Associates Inc. announced Wednesday that its CEO Richard J. Rudden has been elected to the Board of Directors of the North American Energy Standards Board (NAESB). He will represent the natural gas retail quadrant of the NAESB.

“The work that the NAESB does is critical to the development of transparent and liquid energy markets. This, of course, means that the NAESB is critical to our Company’s energy client interests,” said Rudden.

“Effective open access and choice, lower long-term energy prices, and the commercial development of new energy technologies, are all greatly dependent on clear and uniform codes and standards. It is only through the collaborative and technically competent efforts of organizations like the NAESB, NERC and the Regional Transmission Organizations that we can hope to achieve market efficiency.”

Most of R.J. Rudden Associates, Inc.’s clients are engaged in one or a combination of all four quadrants of the NAESB: the electric wholesale and retail quadrants, as well as the wholesale and retail gas quadrants. “By actively serving on the Board of Directors, we hope that the firm will be better positioned to assist the industry in finding its way through the very technically complex maze of energy standards, and enable us to bring new, state-of-the-art perspectives to our clients.”

R.J. Rudden Associates, Inc. is among the world’s premier strategic, economic and management consulting firms specializing in energy matters. Throughout its history, Rudden has assisted clients in such mission-critical areas as: economic and financial analysis; strategic, management and marketing services; industry restructuring support; litigation and regulatory support; technical analysis; and implementation support.

Serving more than 300 clients worldwide, Rudden’s energy industry professionals include experienced energy company senior executives, energy economists, senior policy experts and regulatory officials, engineers, renowned futurists, and internationally respected subject matter experts. Many are widely published and each is highly regarded for his or her unique insight and targeted approach to problem solving.

Rudden’s clients encompass the full range of the energy value chain and cut across all market sectors, including energy producers, the financial community, the legal and regulatory community, new business ventures, and large energy consumers.

Rudden has offices in New York; Washington, D.C.; Houston; Atlanta; Augusta, Maine; and San Francisco.

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