Phil Glaessner Email & Phone Number

New York City Metropolitan Area

- Originate natural gas deals with LDC’s, Utilities, merchant generators, large industrials, municipal distributors in northeast and southeast markets. - Develop prospects, originate deals, deal/asset valuation, draft agreements, deal optimization. - Close deals, including asset management, full requirements supply, winter peaking supply, no-notice service, swing deals, put & call options, fuels management, day-ahead and intra-day gas for power generators, EMA and tolling deal structures.

Woodbridge, Nj

Direct Energy purchased Hess Energy Marketing.- Originate natural gas and power deals with LDC’s, merchant generators, large industrials, municipal distributors and electric coops in northeast and southeast markets. - Develop prospects, originate deals, draft contracts and participate in deal/asset valuation, risk management, deal optimization, settlement and invoicing. - Close deals, including asset management, full requirements supply, winter peaking supply, no-notice service, FOM swing, puts, calls and straddles, fuels management, day-ahead and intra-day gas for power generators, energy management and tolling deal structures.

Woodbridge Nj

- Originate natural gas and power deals with LDC’s, merchant generators, large industrials, municipal distributors and electric coops in northeast and southeast markets. - Develop prospects, originate deals, draft contracts and participate in deal/asset valuation, risk management, deal optimization, settlement and invoicing. - Close deals, including asset management, full requirements supply, winter peaking supply, no-notice service, FOM swing, puts, calls and straddles, fuels management, day-ahead and intra-day gas for power generators, energy management and tolling deal structures.

- Partner in global energy practice with a focus on energy commodity markets, energy trading and risk management. - Originated and led client engagements to develop energy commodity trading strategies, analysis of energy markets, analysis of competitor strategies and performance, market entry strategies, risk governance and policies, risk capital modeling, organizational capabilities, IT strategy and systems implementation. - Clients included BP, Chevron, BG, Enbridge Energy, Cheniere Energy and ExxonMobil.

- Responsible for developing and managing the leading U.S. e-commerce energy exchange to fill commercial and industrial energy contracts. - Built business relationships with energy trading firms, key industrial accounts and energy service companies.- Recruited 60 new suppliers to the exchange; generated $1.9 MM of transaction fee revenue. - Member of senior management team and an officer of the company.

- Built and ran Columbia Energy Group’s energy trading business. Transformed the business from a regional marketer to a top 10 natural gas and power trader. Member of senior management team and an officer of the company. - Supervised 150 employees in five offices. Directed cash, forward and financial trading, risk management, origination (structured deals), asset management, producer services and scheduling operations for natural gas and power. - Sold business to Enron North America in December 1999 for $35 MM.

- Led Texaco’s North American natural gas marketing and trading business of 4.0 BCFD. - Generated $3.2 billion of revenue and $40 MM of net income. - Supervised 90 people in four offices. Directed trading, origination, transportation, storage, and gas control functions that provided high quality service to 700 wholesale and C&I customers. - Maximized profitability of Bridgeline Pipeline and Sorrento storage assets in Louisiana intrastate market.

- Managed natural gas trading and logistics business comprised of 3.0 BCFD of equity production and third party supply. - Supervised 80 people. Held management roles involving trading, transportation, regulatory affairs, storage development, supply planning and purchase and exchange activities. - Led commercial development and project management of a 3.2 BCF Petal high deliverability salt cavern storage project in Petal, Mississippi.

- International Development Projects - NW Shelf LNG Perth Australia, Sudan Oil- International project development, business evaluations and strategic planning responsibilities

Ms, Earth Sciences, Economics

BA in Economics with geology minor. MS in Applied Earth Sciences, combined geology, petroleum engineering and business courses.

Bachelor Of Applied Science (B.A.Sc.), Economics