14.05.1999, 16:52
Edison Mission Energy names Kevin Smith Senior Vice President andChief Financial Officer
IRVINE, Calif. (ots-PRNewswire) - Edison Mission Energy, anEdison International company, today announced that Kevin M. Smithhasbeen named senior vice president and chief financial officer.Smith'sresponsibilities will include corporate and project financing,mergers and acquisitions, treasury, accounting, tax andadministration. Smith succeeds James V. Iaco who was namedPresident,Americas Division in early 1998. Smith has served as Edison Mission Energy's vice president andtreasurer since 1994, with responsibilities for various corporatefinance functions including financial planning, project finance,foreign exchange and interactions with rating agencies,commercialbanks and investment banks. He joined the company in 1986 andheldvarious other positions within the company, becoming treasurer in1992. "Edison Mission Energy is an active participant and innovatoringlobal financial markets. Kevin Smith has been a key contributorinmore than 40 corporate financings totaling more than $10 billion.Hisskills are a tremendous asset to our company," said Edward R.Muller,president and chief executive officer of Edison Mission Energy. Prior to joining Edison Mission Energy, Smith worked at FluorCorporation in cogeneration venture development, marketing andprocess engineering. He received a bachelor's degree in chemicalengineering from the University of California at Berkeley and amaster of business administration from the University ofCaliforniaat Irvine. Edison International is a world leader in energy production,distribution, research and technology, capital financing and themarketing of consumer products and services. Headquartered inRosemead, California, Edison International is the parent companyofSouthern California Edison, Edison Enterprises, Edison CapitalandEdison Mission Energy. Edison Mission Energy specializes in the development,acquisition,construction management and operation of global power productionfacilities. As one of the world's leading global power producers,Edison Mission Energy's investments include 48 projects currentlyoperating in Australia, Spain, the United Kingdom and the UnitedStates and five plants under construction in Indonesia, Italy,Thailand, Turkey and the United States (Puerto Rico). In total,theseprojects represent nearly 12,400 megawatts of generatingcapacity. In addition, Edison Mission Energy has announced that it willacquire two 2,000-megawatt coal-fired power stations in theUnitedKingdom currently owned by PowerGen; 9,772 megawatts of coal andgas-fired electricity generating facilities in the Midwest regionofthe United States currently owned by Commonwealth Edison; and 40percent of Contact Energy, which owns and operates hydroelectric,geothermal and natural gas-fired power generating plants in NewZealand with a total generating capacity of 2,371 megawatts.Contactalso supplies gas and electricity to customers in New Zealand andhasminority interests in two power projects in Australia. All threetransactions are expected to close in 1999.ots Original Text Service: Edison Mission EnergyInternet: http://www.newsaktuell.deContact: Randall D. Oliver of Edison Mission Energy, 949-798-7840, orFax: 949-225-7740e-mail:
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