Managing

Mark M. Jacobs, a former managing director of Goldman Sachs & Co., has been named CFO of Reliant Energy and Reliant Resources Inc., effective July 29. Reliant has been without a top financial officer since May, when CFO Stephen W. Naeve, who carried the title for the entire company, was named to replace Reliant Resources COO Joe Bob Perkins. Perkins resigned as the energy round-trip scandal was unfolding (see Daily GPI, May 17).

Enron Corp. on Tuesday named Stephen F. Cooper, managing partner with New York-based Zolfo Cooper LLC, a corporate recovery and crisis management firm, as interim CEO and chief restructuring officer. Cooper has more than 30 years of experience leading companies through operational and financial reorganizations. Cooper will be joined by a team of Zolfo Cooper professionals and current Enron executives to assist with Enron’s restructuring effort.

CMS Energy Corp. announced Norman J. Saari has been promoted to executive director of governmental and international affairs, with responsibility for managing the company’s Washington, DC governmental affairs office. Saari, 52, will succeed David G. Mengebier, who becomes senior vice president of governmental and public affairs effective Aug. 1, 2001, upon the retirement of John W. Clark. CMS said Saari had been executive director of state governmental affairs, heading up Consumers Energy’s Lansing, MI, governmental affairs office. In addition, Jacalyn H. Hadden, 45, has been promoted to director of state governmental affairs, succeeding Saari. Hadden had been state legislative representative in Lansing, reporting to Saari, since 1991.

Despite record drilling and high gas prices, Canadian producersstill are not managing to boost production. TransCanada Pipelinesestimates Alberta field receipts were 2% lower than expected thiswinter and ended up being essentially flat with the 12.4 Bcf/drecorded in winter 1998-99.

Despite record drilling and high gas prices, Canadian producersstill are not managing to boost production. TransCanada Pipelinesestimates Alberta field receipts were 2% lower than expected thiswinter and ended up being essentially flat with the 12.4 Bcf/drecorded in winter 1998-99.

After managing minor gains Tuesday and Wednesday, February gasfutures were unable to hold ground and slipped into the holidayweekend at $2.329, down 6.5 cents for the day and nearly back wherethey started the week. Both fundamental and technical indicatorsshowed continued downward momentum on Thursday.

McMoRan (MMR) Exploration Co., Phosphate Resource PartnersLimited Partnership (PLP) and its administrative managing generalpartner IMC Global Inc. (IGL) said PLP and IGL have resolved anddismissed with prejudice their lawsuit against MMR and four formerdirectors of Freeport-McMoRan Inc.

Southern Energy Inc., a unit of Southern Company named David T.Gallaspy CEO of its Southern Energy Texas/Louisiana division,managing power generation operations in Texas and directingbusiness development activities in the region. He also will remaina vice president of Southern Energy.

PG&E Energy Trading-Gas Corp. has named Al Pollard to thepost of Midwest basis trader with responsibility for managing theMidwest desk’s basis risk, reporting to Michael L. Axton, directorof gas trading, Midwest. Pollard joins PG&E Energy Trading fromEnron where he has held trading positions in natural gas and powersince 1995.