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Introduction
Those of you, who know me, know that I come from a very different role than that of many of my counterparts in the financial community. I am part of Morgan Stanley’s investment banking group but my role at Morgan Stanley is different from other bankers you may work with. I follow the industry, much like a research analyst but for my group (not for investors). I also help our clients (many of you sitting in this audience) on issues relating to investor requirements and investor relations questions. In addition, I often step in as a financial analyst to advice on assignments, especially in the changing times when there is a genuine separation between the Street’s research analysts and banking group in order to keep our analysts independent.

This give me the ability to be helpful to the industry and our clients through such organizations as the EEI, NEI, and especially INPO, where I have been privileged to be the financial community representative on its Advisory Council for several years. This role has given me a unique window to the nuclear industry. It also has been one of the most interesting experiences I have had in my career.

Just as an aside, I think that INPO is an amazing organization. It is unique for any industry – its mission, its staff, and its accomplishments have greatly benefited the electric industry and its investors —- and I dare say our nation. You all are fortunate to have its contribution.