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Wade Malcolm named president and CEO of EPRI Worldwide

Palo Alto, Calif., March 9, 2004 — Wade Malcolm has been appointed president and chief executive officer of EPRI Worldwide Holdings Inc., (EPRIww), a wholly owned subsidiary of the Electric Power Research Institute. Malcolm reports to Ric Rudman, executive vice president and chief operating officer at EPRI.

Malcolm originally joined EPRI in 1991 as a program manager in the Customer Systems Division. He rose to the level of director in 1994 and to lead director in 1997. In 1999, Malcolm left EPRI to pursue a career in the private sector. He was a principal management consultant in the Chemicals and Energy Practice at SRI Consulting.

He later became vice president of e-commerce development at Utility.com, the world’s first Internet-based utility. Most recently, he was president and CEO of Powel Group Inc., a Scandinavian-owned energy software and services company focusing on North American and Pacific Rim markets.

Earlier in his career, Malcolm served as a project manager and held various engineering positions at Philadelphia Electric Company.

“Wade’s qualifications for this position are outstanding and we enthusiastically welcome him back to EPRI,” said Rudman. “His business skills, experience with the international market, technical background, and knowledge of EPRI make him the ideal person to lead EPRIww.”

The goal of EPRIww is to help international members obtain the highest value from EPRI-developed technology. International clients now represent over 10% of EPRI’s total business, with 56 members and 146 funders.

Malcolm holds a BSEE and MSEE from Drexel University.

EPRI, headquartered in Palo Alto, Calif., was established in 1973 as a non-profit center for public interest energy and environmental research. EPRI’s collaborative science and technology development program now spans nearly every area of power generation, delivery and use. More than 1,000 energy organizations and public institutions in 40 countries draw on EPRI’s global network of technical and business expertise.

Visit EPRI’s web site at http://www.epri.com