Please be our guest!

A Roundtable on Gas Buying Strategies

A mini-workshop hosted by INDIEC

Jack Wickes, Executive Director

Tuesday, February 13, 2001, 12:30 - 2:30 p.m.

Capital Conference Center

201 N. Illinois St., 2^nd Floor

Indianapolis, Indiana

Presentations by members of INDIEC

who are engaged in gas transactions on a day-today basis

for and on behalf of their companies.

RSVP to Kay Squires on or before Thursday, February 8

Tel: (317) 639-1210 or Email: Ksquires@lewis-kappes.com

A Roundtable on Gas Buying Strategies

Current State of Natural Gas Supply/Demand

How did we get to the current state?

What are current and future expectations?

Jeff Boling, BP Gas & Power Jeff has worked in the natural gas industry for over ten years. His experience spanned the era from initial wellhead deregulation through physical trading to present day risk management activities, all the while working for Amoco prior to the merger and now with BP, who is the largest producer and reserve holder of natural gas in North America. His most recent activities have been as a consultant for several of BP’s consuming facilities in North America as well as co-developing merchant power opportunities at BP sites in North America.

Alcoa: A National Perspective

Managing both Physical and Financial Exposures

Owning Transportation Versus Buying Basis

Andrew Logsdon, Alcoa Andy joined the Alcoa Energy team at the end of 1999 as its Manager of Natural Gas. The Alcoa Energy “gas” team manages the acquisition of more than $425 million dollars of natural gas for its 125 North American manufacturing facilities. Prior to joining Alcoa, Andy spent 14 years in various leadership roles within gas and electric utilities, and gas marketing companies.

A.E.Staley Manufacturing: Midwest Purchasing Strategy

Identify Risks – Price and Supply

Options Available to Mitigate these Risks

Lynn Elder, A.E. Staley Manufacturing Company Lynn has worked for A.E. Staley Manufacturing Company for 37 years in various positions, including Director of Corporate Engineering. He is currently responsible for the energy procurement (coal, gas, and electricity) for the North American Operations of Staley’s parent company, Tate & Lyle. This involves 18 major plants in 14 states. Responsibilities include physical gas purchases as well as risk management activities.