organizational announcement : industrial origination , ctg , and ena treasury effective immediately , ray bowen will take over leadership of the industrial origination group responsible for enron north america  , s origination activities in the industrial market including pulp & paper , metals , refining , and petrochemicals . as part of the industrial origination group , jim ajello , will continue to lead the origination effort in the metals , refining , and petrochemical sector . edward ondarza maintains oversight of origination in the pulp and paper sectors . rodney malcolm retains primary responsibility for leading the execution of transactions and delivery of the outsource solutions to industrial customers . when the commercial transactions group was created approximately a year ago , the objective was to create an internal emphasis on the development of transaction execution skills that are necessary to execute complex , structured transactions and to foster better deal quality . we believe that the primary objectives of the ctg have been achieved , and in order to better position the organization for the remainder of 2000 and in response to ray bowen  , s new position , the following changes will be made in the commercial transactions group organization . transaction development : transaction development , which was created to provide focused deal execution capability to the origination groups , will be merged into each respective origination group and report solely to the group leaders . portfolio management : all activities surrounding portfolio investments will report to jeff donahue . jeff will be responsible for ena  , s  & capital book  8 and will have a high level of involvement in existing portfolio investments and will work closely with ena treasury and the various origination groups to assure that new transactions ( a ) incorporate appropriate risk / return characteristics , ( b ) are evaluated in the context of market based pricing signals , and ( c ) incorporate a specific investment plan which includes syndication of the investment , if applicable , and a specific exit strategy . portfolio management includes restructuring / special assets ( randy maffett / dick lydecker ) and capital structuring ( andrea reed ) . steve pruett ( energy capital resources ) , chuck ward ( generation investments ) , don miller ( merchant generation ) , and chris helfrich ( coal and industrial ) will continue to be responsible for day to day asset management for performing investments and will report to their respective origination units with a dual report to jeff . jeff will retain his corporate development and principal investments activities . commodity structuring : commodity structuring including berney aucoin ( power ) and ed mcmichael ( gas ) will report to janet dietrich . janet will retain responsibility for east midstream origination . commodity structuring will continue to work to facilitate and structure the highest priority and highest value transactions across the entire ena organization . technical / oec : the technical group ( wayne mays / bob virgo ) , which provides technical support to industrial and power generation asset development activities , and oec ( lead by mark dobler ) will report directly to the ena office of the chairman . in addition to these changes , joe deffner has been named ena  , s chief financial officer and will head ena treasury . in this role he will be responsible for managing ena  , s balance sheet and the sourcing of capital in the bank and capital markets . joe will report jointly to the ena office of the chairman and to enron corp . global finance .