NEW YORK, Nov. 15 2004 – LAWFUEL – Law firm, legal, attorney, …

NEW YORK, Nov. 15 2004 – LAWFUEL – Law firm, legal, attorney, energy law news — Enhancing the strength of its diversified energy practice, Dewey Ballantine LLP, a leading international law firm, announced today that David M. Perlman has joined the firm as a partner in the Energy Markets and Regulatory Group. He resides in the Washington, D.C. office.

Mr. Perlman joins Dewey Ballantine from the Federal Energy Regulatory
Commission (FERC), where he was senior legal advisor in the Office of General
Counsel addressing, among other things, the oversight of competitive markets.
Previously, he was chief energy counsel for Constellation Energy Group (CEG),
a Fortune 500 company and leading competitive supplier of wholesale and retail

Many of Mr. Perlman’s activities at FERC related to issues concerning the
intersection of competitive markets and regulation. Specifically, he led the
Commission’s effort to develop and implement “behavioral rules” for electric
and gas sellers. Mr. Perlman also played a key role in FERC’s institution of
policies to improve the level and quality of price index reporting and price
transparency in gas and electric markets. He also co-led FERC’s initiative to
revise its methodology for assessing generation market power which is critical
to determining when wholesale sellers of power may transact at market-based
rates rather than regulated, cost-based rates.

“Dave brings an impressive combination of private sector and governmental
experience to Dewey Ballantine,” said Earle H. O’Donnell, partner and head of
Dewey Ballantine’s Energy Markets and Regulatory Group. “He has been
instrumental in developing some of the current regulations affecting the
energy markets and has over eighteen years of private sector experience in
helping energy businesses manage the complexities of legal, regulatory and
compliance issues.”

Prior to joining FERC, Mr. Perlman held senior management roles with CEG
and its affiliates, including general counsel of its merchant energy
activities and most recently as chief energy counsel of CEG. In this role, he
was responsible for providing advice on managing legal, regulatory and
commercial issues related to the company’s unregulated and regulated energy
business lines, including mergers and acquisitions. He was also a part of the
management team responsible for the start-up and successful operation of CEG’s
energy marketing and origination business.

Mr. Perlman served as co-chair of the industry group that developed the
EEI/NEMA Master Power Purchase & Sale Agreement — a standard contract for
electricity trading in the United States.

“I look forward to joining Dewey Ballantine’s exceptional Energy Markets
and Regulatory Group and collaborating with other practice areas where my
regulatory and commercial experience can be applied to a diverse range of
commercial and financial transactions,” said Mr. Perlman.

Richard Shutran, co-managing partner and head of the Project Finance
practice at Dewey Ballantine, stated, “The Energy Markets and Regulatory Group
is a cornerstone of the multi-disciplinary team that also serves our energy
clients in the areas of corporate finance, project finance and leasing, tax,
corporate reorganization & bankruptcy, and litigation. The multi-disciplinary
approach exemplifies the innovative and seamless solutions Dewey Ballantine
provides to its clients. We welcome Dave to our team and particularly value
the expertise in the operation and regulation of energy markets that he brings
to our firm.”

Mr. Perlman is a regular speaker on a wide range of energy topics,
appearing in recent years by invitation before for the Energy Bar Association,
the Edison Electric Institute and the Electric Power Supply Association.

Mr. Perlman earned his B.A. in Government and Politics from the University
of Maryland and his J.D. from the University of Baltimore.

Dewey Ballantine has a diversified energy practice serving participants in
the electricity, natural gas and petroleum industries throughout the world.
The firm’s energy markets and regulatory attorneys attorneys collaborate with
colleagues in other offices on energy project and company financings,
bankruptcies, energy M&A, restructurings and tax issues. Members of the
energy practice are resident in the firm’s Washington, D.C., New York, Houston
and London offices.

About Dewey Ballantine

Dewey Ballantine, LLP, founded in 1909, is an international law firm with
more than 550 attorneys located in New York, Washington, D.C., Los Angeles,
East Palo Alto, Houston, Austin London, Warsaw, Budapest, Prague, Frankfurt,
Milan and Rome. Through its network of offices, the firm handles some of the
largest, most complex corporate transactions, litigation and tax matters in
such areas as M&A, private equity, project finance, corporate finance,
corporate reorganization and bankruptcy, antitrust, intellectual property,
sports law, structured finance and international trade. Industry
specializations include energy and utilities, healthcare, insurance, financial
services, media, consumer and industrial goods, consumer electronics,
technology, telecommunications and transportation.

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