"...an HGP, Inc. team led by Mr. Fred W. Giffels performed, in an excellent and efficient manner, several assignments for Potomac Electric Power Company ("PEPCO") in connection with the evaluation and negotiation of a recently-announced strategic business combination with Baltimore Gas & Electric Company ("BGE")." "HGP's assignment also included extensive interaction with PEPCO's senior management and Board of Directors..." "The performance... of this assignment was exemplary. They demonstrated excellent abilities to quickly grasp and effectively communicate key issues of nuclear technology, sensitivity of plant costs to management and operational performance, and the broader regional and national perspectives on these issues."

Ed Mitchell, Chairman of the Board & CEO

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