Appointment

Texaco named John E. Bethancourt president-production operationsyesterday. Bethancourt, whose appointment is effective immediately,was most recently vice president – upstream corporate development.In his new role, Bethancourt will relocate to Texaco’s CorporateCenter in White Plains, NY. After joining Texaco upon the company’sacquisition of Getty Oil in 1984, Bethancourt was appointed areamanager-South Texas in Texaco U.S.A. producing operations. In 1996he was appointed vice president of international businessdevelopment in Texaco International Marketing and Manufacturing,and was named to his most recent assignment in November 1997.

With barely six months under his belt in a six-year appointment,one of California Gov. Gray Davis’ two new state regulatorycommissioners, Joel Hyatt, announced this week that he will resignin January to be replaced by a current top-level Davis cabinetmember, Loretta Lynch, 37, an attorney who heads Davis’planning/research office in Sacramento.

John W. Rowe, Chairman, President and CEO of Unicom, announcedthe appointment of Elizabeth Anne (“Betsy”) Moler, 50, as thecompany’s senior vice president for federal government affairs.Moler, currently an attorney in private practice in Washington,D.C. is a former chair of the Federal Energy Regulatory Commission(“FERC”). Upon completion of Unicom’s merger with PECO Energy, shewill head the combined company’s Washington office.

John W. Rowe, Chairman, President and CEO of Unicom, announcedthe appointment of Elizabeth Anne (“Betsy”) Moler, 50, as thecompany’s senior vice president for federal government affairs.Moler, currently an attorney in private practice in Washington,D.C. is a former chair of the Federal Energy Regulatory Commission(“FERC”). Upon completion of Unicom’s merger with PECO Energy, shewill head the combined company’s Washington office.

Cinergy’s PSI Energy subsidiary is looking for a new presidentfollowing the retirement of John M. Mutz, who had been president ofthe electric utility since 1993.

In one of its speediest confirmations ever on Capitol Hill, theSenate on Friday approved by unanimous consent the re-appointmentof Commissioner William L. Massey to a second five-year term on theFederal Energy Regulatory Commission.