Bear Joins Reliant Energy Wholesale Group.HOUSTON--(BUSINESS WIRE)--March 1, 1999--Charles Oglesby, chief executive officer of Reliant Energy Reliant Energy, Inc., based in Houston, Texas, is a non-utility, retail and wholesale electricity provider. In Texas, it provides service to nearly 1.9 million retail electricity customers, including residential and small business customers and commercial, industrial, Wholesale Group (NYSE NYSE See: New York Stock Exchange :REI) (formerly known as Houston Industries Wholesale Group), announced today that John R. Bear has been named vice president, strategy and development, for Reliant Energy Wholesale Group. Bear will be responsible for developing strategic vision and direction for value creation and executing acquisition and development opportunities. Bear's previous experience has focused on strategy development and execution across the electric, oil and gas industries. Prior to joining the group, Bear was the senior chief financial officer for Koch Energy Services, where his principal responsibilities focused on the development of strategy for Koch's electric, gas and oil businesses, as well as the execution of acquisitions, divestitures and asset swaps. Prior to Koch Energy Services, Bear spent eight years in management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects primarily with Deloitte & Touche assisting clients in the energy sector with strategy development, mergers, acquisitions, divestitures and operational improvement. A native of Richardson, Texas Richardson is a suburb in Dallas County and Collin County, Texas. As of the 2000 census, the city had a total population of 91,803, while according to a 2006 estimate, the population had grown to 99,200. , Bear holds a bachelor's in business administration and a master's in business administration from Southern Methodist University Southern Methodist University, at Dallas, Tex.; United Methodist; coeducational; chartered 1911. The school's facilities include laboratories for electron microscopy and stable isotopes, a museum of paleontology, and a graduate research center. . He and his wife, Kristin, live in Bellaire, Texas Bellaire is a city in Harris County, Texas within the Houston-Sugar Land-Baytown metropolitan area. As of the 2000 U.S. Census, the city population was 15,642 and is completely surrounded by the cities of Houston and West University Place. , with their daughter and two sons. Reliant Energy (NYSE:REI), headquartered in Houston, is a diversified international energy services company. Its core businesses are organized into two groups -- Reliant Energy Wholesale Group and Reliant Energy Retail Group. The Reliant Energy Wholesale Group provides a comprehensive range of wholesale electric power and natural gas marketing and risk management services to customers across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The group includes nearly 18,000 megawatts of operating generating capacity and more than 1,900 megawatts of projects under construction or development as well as 8,200 miles of interstate natural gas pipeline and 4,000 miles of gathering pipeline. Wholesale trading volumes total approximately 4.0 Bcf per day of natural gas and more than 65 million megawatt-hours of electricity annually, making the company a top 10 marketer in both natural gas and power. Contact Reliant Industries on the World Wide Web at http://www.reliantenergy.com. |
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