Kim Lowes Email & Phone Number

Power Marketing & Asset Optimization - Directed Business Development efforts to execute Power Purchase Agreements, identify regulatory requirements and implement asset strategy to support the redevelopment for two 300 MW CCGT Power Plant. Achieved project financing for first project. Managed a team of 10 professionals plus outside contractors. - Developed business plan to sell CAIR NOx allowances in excess of the estimated amounts needed to meet annual CAIR NOx requirements. Negotiated and executed contracts. Sales were in excess of $2 million. - Asset Project Management - accountable for the financial and regulatory performance associated with the operation of the Power Assets. Implemented Business Systems (Regulatory, Financial, Settlements, Tolling Optimization) to measure and optimize Regulatory and Business Targets. Utilized the knowledge and experience among the team members (Trading, Regulatory, Legal, Finance) to identify System Requirements and Business Targets. Managed staff of ten professionals plus outside contractors.

ERCOT Business Development / Power Marketing Managed the ERCOT Commercial team. Executed Long Term Full Requirements and Tolling Agreements that leveraged BP's trading and asset portfolio management expertise. These assets included natural gas fired, wind, RECs and steam cogeneration. Team achieved annual revenue target of $14 million in the first year. Developed, implemented and established risk system to monitor market outcomes to ensure that trading positions remained optimized. Required collaboration with traders, back office, risk controls and legal to implement needed systems to manage risk and then successfully market products. Extended BP's ability to transact with credit constrained companies through Finance Structures such as second liens, lock boxes, prepaids. Monetized two structured Financial Transactions for $16 million. Active and knowledgeable of the Texas / ERCOT Market through daily work interaction and involvement on various committees such as the Texas Energy Planning Council, ERCOT Wholesale Market Subcommittee, GCPA and TCPA committees. Role was to support infrastructure development for Wind Assets.

Business Development / Power Marketing Senior Leadership team member. Led marketing efforts for a three member commercial team to achieve a team-oriented, success driven focus. Executed three Power Purchase Agreements that included Wholesale Energy and RECs .Team exceeded its 2003 annual business targets within the second quarter of 2003. Managed the evaluation of two Energy Portfolios (Diverse Fuel Assets and Retail Books) in PJM and ERCOT. FPLE's bids were shortlisted with neither of their bids making the final selection. Led Business Development efforts to sell energy, load following services and RECs to Municipals and Cooperatives. Worked within FPLE to educate on ERCOT Protocols, obtain senior management approval and establish counterparty credit terms. Executed eight transactions (Shaped and Municipal Load Following) that generated $18.5 million in annual margin.

Implemented competitive market strategies based on energy market values (supply, production, distribution and consumption) to a new product (Broadband) and a new Industry (Healthcare). Directed a team composed of Marketing, Structuring, Engineering, Legal, Credit, Trading and external Key Partners to develop a business plan for the Healthcare Industry to meet the HIPPA Regulatory requirements. The team developed key contacts, negotiated and executed two long-term transactions.

Closed a $100 million hybrid form of structured finance for a Korean counter party that was used to finance plant construction. Directed a four member marketing team to identify, qualify and execute IPP / Power Plant acquisition in East Asia. Accountable for all aspects of an integrated solution (financial, engineering, structuring, customer, regulatory, legal) to achieve goals and incorporate risk management structures.

Managed the physical and financial trading for Gasoline Blend Components and underlying energy commodities such as Natural Gas, Butane and Crude. Exceeded margin targets in all four years. Negotiated and executed a long-term petrochemical supply contract that generated a $27.3 million NPV. This contract included commodity, risk management and financial structures that benefited both Enron and the client's risk management needs.

- Oversight and management of an Olefins Complex (76 employees) with an annual operating budget of $5.6 billion. Complex included multiple petrochemical units and 150 MW cogeneration plant. Achieved Olefins Complex record production and exceeded economic targets. Led the engineering, planning and 1994/1995 turnaround efforts that resulted in the successful implementation of $295 million in Olefins Plant Capital Projects. Required collaboration with multi-disciplines, internal (marketing, planning, engineering) and external (state and federal regulatory) to the organization.Accountable for the daily operation of various Operating Units within a Refinery. Various roles included operations supervision for hourly workforce, maintenance crews and lubricant sales office (26 people) that included customer service, billing and payment, and distribution. Interfaced with corporate planning and Customers to determine product requirements and most profitable refinery operation. Feedstock and energy were the two key components

Accountable for the daily operation of various Operating Units within a Refinery. Various roles included operations supervision for hourly workforce, maintenance crews and lubricant sales office (26 people) that included customer service, billing and payment, and distribution. Interfaced with corporate planning and Customers to determine product requirements and most profitable refinery operation. Feedstock and energy were the two key components.

Masters, Business Administration; Program

Activities and Societies: Honors Graduate, Recipient of the Dean’s Award for Excellence

B.S. Degree, Chemical Engineering