Twin Eagle Resource Management, Led by Former Eagle Energy/Champion Principals, Seeks Texas REP Certificate

May 11, 2011
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Twin Eagle Resource Management, LLC has applied for an Option 1 REP certificate in Texas.

Twin Eagle Resource Management is active in the ERCOT and several FERC-jurisdictional organized wholesale markets, in optimization and trading, transmission rights management, and operations and risk management. Twin Eagle manages more than 2,000 MW in ERCOT on behalf of its clients, and is a Level 3 QSE. It also offers a variety of marketing and optimization services in the wholesale natural gas market.

Twin Eagle Resource Management indicated in its REP application it would pursue both residential and commercial & industrial sales at the retail level.

Twin Eagle is led by President, CEO and co-founder Griff Jones. Jones previously started Champion Energy Services and co-founded Eagle Energy Partners, and held a variety of positions at Dynegy and its predecessor.

Chuck Watson serves as Chairman of Twin Eagle Resource Management and is also a co-founder. Watson previously co-founded Eagle Energy Partners, and previously established NGC Corp., Dynegy's predecessor, serving as chairman and CEO until his departure in May of 2002.

Former Champion Energy CEO and co-founder Rob Doty serves as CFO and Executive Vice President of Twin Eagle Resource Management. Doty was previously CFO at Dynegy.

Larry Leverett serves as Executive Vice President, Power for Twin Eagle Resource Management, and will lead power risk management and operations associated with the expansion of the company's customer-focused power business. Leverett was most recently Senior Vice President, Commercial Operations at Calpine and was previously Senior Vice President, Wholesale Markets at TXU Portfolio Management.

Kim Casey, former Executive Vice President at Fulcrum Power Services, serves as Vice President, Power Origination at Twin Eagle. Casey has also served as a Senior Director at Dynegy.

Chesapeake Operating, Inc., a wholly owned subsidiary of Chesapeake Energy Corporation, is an investor in Twin Eagle, and one of its key strategic suppliers of natural gas.

Twin Eagle Resource Management said that, to avoid potential confusion with TriEagle Energy, LLC and TriEagle's registered d/b/a of Eagle Energy, Twin Eagle Resource Management LLC will only sell retail electricity to customers in Texas under the trade names TERM Power, TERM Energy, and/or TERM Power & Gas.

Twin Eagle Resource Management will use ista North America for EDI services. Twin Eagle also plans to outsource billing to a third party provider, but has not yet made a selection.

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