U.S. GAAP Review of New Guidance and Hot Topics**

Michael J. Hamilton, CPA, ABV, CFF, CTP
Hackensack, New Jersey

Mr. Hamilton had been Chairman and Chief Executive Officer of MMC Energy, Inc., a NASDAQ listed company which he took through liquidation, ending in December of 2009. He is the non-executive Chairman of the Board of MXenergy, Inc., a retail gas and electric marketing company with operations in 14 states in the U. S. and two Canadian provinces. Prior to these assignments, he was a senior managing director at FTI Consulting, specializing in the energy industry, which he joined upon his retirement from PricewaterhouseCoopers LLP in February 2003. He resigned FTI in December 2007 to assume his role at MMC Energy, Inc.

Michael has been involved in virtually all of the utility and energy industry restructuring and bankruptcy situations since 1989. He has served as the financial advisor to numerous interest groups where he brings his knowledge of both utility finance and his restructuring skills to maximize recovery for his clients. In this regard, his activities include due diligence, sophisticated computer modeling, creditor committee management and transaction negotiation. He has also served in an interim management capacity for a troubled gas distribution company and assisted a district heating and cooling company to develop accounting and budgeting controls and refinance its business.

Mr. Hamilton has been continuously involved in regulated industry-related activities since 1972. He has worked with numerous regulated industry companies, including companies in the electric, gas, water and telecommunications industries. He has been substantively involved in issues related to the competitiveness of the electric utility industry as it fundamentally restructured from a monopoly position to a competitive position. His activities have included a wide range of advisory, special studies, rate-making, tax and testimony activities. He has also been responsible for the day-to-day operations in virtually all of the financial operations of an investor-owned electric utility.

Mr. Hamilton served as the financial advisor to the Official Committee of Unsecured Creditors in the Entergy New Orleans, Inc. bankruptcy, which bankruptcy is unique among utility bankruptcies because of the devastation to the existing electric and gas transmission and distribution systems. He evaluated the reconstruction plans of both the City of New Orleans and Entergy New Orleans, Inc.