Green Mountain Energy Company Appoints Richard J. Post as Chief Financial Officer

New CFO Brings Over 15 years of Financial Management and Investment Banking

Experience to Company



Apr 12, 2001, 01:00 ET from Green Mountain Energy Company

    AUSTIN, Texas, April 12 /PRNewswire/ -- Green Mountain Energy Company, the
 leading provider of cleaner and renewable electricity, announced today that it
 has named Richard J. Post as Chief Financial Officer. In this position, Post
 will manage finance, accounting, planning and analysis, and capital markets
 functions for the Company. He will report to Green Mountain Energy Company's
 Chief Executive Officer, Dennis Kelly.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000804/GMELOGO )
     Post brings an impressive combination of financial management and
 investment banking experience to Green Mountain Energy Company. Most recently
 he was at Telemate.Net Software, an Atlanta, Georgia based network usage
 management software company, where he served as Senior Vice President-Finance
 and Operations, Chief Financial Officer, Secretary and Treasurer. While at
 Telemate.Net, Post led the company through significant growth culminating in a
 successful IPO in 1999.
     Prior to Telemate.Net, Post was the lead financial executive for rapidly
 growing MedCath Incorporated, a Charlotte, North Carolina based cardiovascular
 services company. During his tenure MedCath increased revenue nearly 500%.
 Previously, Post spent ten years as a senior investment banker at firms such
 as Price Waterhouse LLP, Ernst & Young LLP, Bear, Stearns & Co. Inc, and The
 First Boston Corporation. Post holds a MBA from Harvard with a concentration
 in Finance and Control, and a BA in English and Philosophy from University of
 Notre Dame.
     "Rick is joining Green Mountain Energy Company during a period of rapid
 expansion," said Dennis Kelly, Green Mountain Energy CEO. "His  valuable
 strategic experience and   years of financial leadership will help us continue
 our pattern of exponential growth in the retail electricity market."
     Post added, "I joined Green Mountain Energy Company because of the
 significant market opportunity that exists for green power and the tremendous
 depth of experience within the Green Mountain Energy Company management team.
 I look forward to further extending the Company's leadership position."
 
     About Green Mountain Energy Company
     Green Mountain is the largest retailer of environmentally preferred energy
 generated from wind, solar, hydro and natural gas sources.  The Austin, Texas-
 based company provides residential customers in Texas, Connecticut,
 California, Pennsylvania and New Jersey with electricity - marketed under the
 Green Mountain EnergySM brand - that is dramatically cleaner than typical
 regional system power.  Green Mountain also holds the nation's largest energy
 aggregation contract for more than 400,000 customers in Ohio.  Green Mountain
 EnergySM customer demand has helped build a number of new renewable generation
 facilities, including one of the largest wind farms on the East Coast in
 Garrett, PA and one of the largest solar facilities in Northern California.
 For more information on the company's efforts to change the way power is made,
 customers are encouraged to visit www.greenmountain.com or send an email to
 thefolks@greenmountain.com.
     NOTE: Photo available on request.
 
 

SOURCE Green Mountain Energy Company
    AUSTIN, Texas, April 12 /PRNewswire/ -- Green Mountain Energy Company, the
 leading provider of cleaner and renewable electricity, announced today that it
 has named Richard J. Post as Chief Financial Officer. In this position, Post
 will manage finance, accounting, planning and analysis, and capital markets
 functions for the Company. He will report to Green Mountain Energy Company's
 Chief Executive Officer, Dennis Kelly.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000804/GMELOGO )
     Post brings an impressive combination of financial management and
 investment banking experience to Green Mountain Energy Company. Most recently
 he was at Telemate.Net Software, an Atlanta, Georgia based network usage
 management software company, where he served as Senior Vice President-Finance
 and Operations, Chief Financial Officer, Secretary and Treasurer. While at
 Telemate.Net, Post led the company through significant growth culminating in a
 successful IPO in 1999.
     Prior to Telemate.Net, Post was the lead financial executive for rapidly
 growing MedCath Incorporated, a Charlotte, North Carolina based cardiovascular
 services company. During his tenure MedCath increased revenue nearly 500%.
 Previously, Post spent ten years as a senior investment banker at firms such
 as Price Waterhouse LLP, Ernst & Young LLP, Bear, Stearns & Co. Inc, and The
 First Boston Corporation. Post holds a MBA from Harvard with a concentration
 in Finance and Control, and a BA in English and Philosophy from University of
 Notre Dame.
     "Rick is joining Green Mountain Energy Company during a period of rapid
 expansion," said Dennis Kelly, Green Mountain Energy CEO. "His  valuable
 strategic experience and   years of financial leadership will help us continue
 our pattern of exponential growth in the retail electricity market."
     Post added, "I joined Green Mountain Energy Company because of the
 significant market opportunity that exists for green power and the tremendous
 depth of experience within the Green Mountain Energy Company management team.
 I look forward to further extending the Company's leadership position."
 
     About Green Mountain Energy Company
     Green Mountain is the largest retailer of environmentally preferred energy
 generated from wind, solar, hydro and natural gas sources.  The Austin, Texas-
 based company provides residential customers in Texas, Connecticut,
 California, Pennsylvania and New Jersey with electricity - marketed under the
 Green Mountain EnergySM brand - that is dramatically cleaner than typical
 regional system power.  Green Mountain also holds the nation's largest energy
 aggregation contract for more than 400,000 customers in Ohio.  Green Mountain
 EnergySM customer demand has helped build a number of new renewable generation
 facilities, including one of the largest wind farms on the East Coast in
 Garrett, PA and one of the largest solar facilities in Northern California.
 For more information on the company's efforts to change the way power is made,
 customers are encouraged to visit www.greenmountain.com or send an email to
 thefolks@greenmountain.com.
     NOTE: Photo available on request.
 
 SOURCE  Green Mountain Energy Company