WEATHER DERIVATIVE DEALERS JOIN FORCES TO FORM NEW ASSOCIATION: WEATHER RISK MANAGEMENT ASSOCIATION

Weather Risk Management Association was recently incorporated in Washington, D.C. by James Gosselin of Castlebridge Partners, LLC, Lynda Clemmons of Enron Capital & Trade Resources Corporation, Jeff Porter of Koch Industries, and Darren Wilcox of Southern Company Energy Marketing. This association has one objective, to serve the weather risk management industry. Weather risk management products can be described as financial tools designed to protect companies against weather conditions that would adversely affect revenues. In their capacity as incorporators their first act was to select a Board of Directors.

The new officers of the Board of Directors for the Weather Risk Management Association (WRMA) are President, James Gosselin, of Castlebridge Partners, LLC, Vice President, Lynda Clemmons, of Enron Capital & Trade Resources Corporation, Secretary/Treasurer, Darren Wilcox, of Southern Company Energy Marketing. Jeff Porter, of Koch Industries is serving on the Board of Directors along with Ravi Nathan of Aquila, and Peter Gakos of Swiss RE New Markets.

The WRMA is made up of both Regular and Associate members. Regular members include those actively engaged in the weather risk management industry. Associate members are those companies that supply data, products or consulting services to the weather risk industry.

Charter Members of the association include Aquila, Castlebridge Partners, LLC, Enron Capital & Trade Resources Corporation, Koch Industries, Southern Company Energy Marketing, and Swiss RE New Markets.

WRMA President James Gosselin, of Castlebridge Partners LLC, commented, " I am very excited that we have all come together to establish an association to serve as a focal point to address issues that affect the industry, to promote the industry, to educate potential users and to serve the needs of our members."

WRMA HAS ENGAGED THE SERVICES OF RESOURCES FOR GROUP MANAGEMENT, INC.

WRMA has engaged the services of Resources for Group Management, Inc. (RGM), of Washington, D.C., which has effectively managed a variety of trade and professional associations for the last thirteen years. Valerie Bergman Cooper was named Executive Director. Cooper comes to the group with eleven years of association experience.