Volume 24, Issue 1, January 2010=

<= span style=3D'font-size:16.0pt;font-family:Symbol;mso-fareast-font-family:Symbol; mso-bidi-font-family:Symbol;color:windowtext;mso-bidi-font-weight:bold'> 3D"*" &nb= sp; Scott K. Goodell Elected EIM President, CEO

<= span style=3D'font-size:16.0pt;font-family:Symbol;mso-fareast-font-family:Symbol; mso-bidi-font-family:Symbol;color:windowtext'> = EGL Limits Set at $75 Million But Cou= ld Continue at $100 Million

Scott K. Goodell Elected EIM President, CEO

On Dec. 9, Jim Hatfield, chairman of EIM, announced, on behalf of the Board of Directors, that Scott K. Goodell, 55, of Seattle, an attorney and long-time insurance executive, would become president and chief executive officer of Energy Insurance Mutual, effective Jan. 11, 2010.

�� At = the time, Scott was managing director of Guy Carpenter & Company, LLC, a $900-million risk and reinsurance specialist that is= part of the Marsh & McLennan Companies.� Guy Carpenter has over 50 offices worldwide.�

�� We= are so fortunate that a seasoned manager, a leader known for his team-building ski= lls, accepted the Board�s offer,� said Jim Hatfield. �With Scott heading o= ur staff, which we already know is outstanding, EIM= �s best days are just ahead.�

�� Sin= ce 2005, Scott had been responsible for Guy Carpenter�s West Region�s broking operat= ions and was a member of the region�s senior management team.� From 2001 to 2005, Scott was managing director for Guy Carpenter�s East Region.� From 1998 to 2001, he was managing director of the firm�s Instrat un= it, a global quantitative analytics group.� From 1987 to 1998, Scott was senior vice president, general counsel,= and secretary of Sedgwick Re, Inc., which was later merged into Guy Carpenter.<= span style=3D'mso-spacerun:yes'>�

�� Sco= tt began his insurance career in 1985 with American Centennial Insurance Company, the reinsurance arm of Beneficial Insurance Group, Peapack, NJ.� He practiced law for five years in Morristown, NJ.

�� A n= ative of New Jersey, Scott received a bachelor�s = degree from the University of Delaware in 1976= .� He graduated magna cum laude with major= s in political science and psychology.� = He received his law degree in 1979 from Boston College.

�� Sco= tt�s wife is MaryAnn, and they are the parents of two adult children, a 26-year-= old daughter, Taylor, who is married and lives outside Boston,� and a son, Mark, who is 23, a musician,= and lives in New York City.�

�� In = August, after its regular quarterly meeting, the EIM Board announced that� President and CEO David L. Hadle= r had taken medical leave, effective Aug. 11, and would retire from the Company by Dec. 31.� David died Dec. 10 at his= home in Tampa.� A national search for his replacement a= lso was activated Aug. 11.� On that dat= e, J. Barry Mitchell, Chicago, a recently retired utility executive and member of= the EIM Board, was named acting president and CEO of EIM.� He remained in that position until Jan.= 10.

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Long-Time President, CEO Passed Away Dec. 10

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David L. Hadler, who served as EIM president and chief executive officer from Sept. 1, 1994, until Aug. 11, 2009, when he took med= ical leave, died shortly before midnight on Dec. 10.� For more than a year, David fought aggressively esophageal cancer.
�� Dav= id, who had been associated with the Company since October 1986, initially as a consultant, was the first non-Board member to hold the CEO title and was the first employee�and only one so far�to be elected to the Board of Directors.� He had been on the Board since April 1997.

�� On Thursday, Dec. 17, the Hadler family invited the EIM community to a gatheri= ng in Tampa for �Moments of Reflection� to celebrate David�s life.� The guests were invited to express thou= ghts or share fond memories of David.� A= fter the gathering, the family hosted a reception at Oystercatchers at the Grand Hyatt Tampa Bay, which was one of David�s favorite places.

�� For= those friends and colleagues who could not attend but wanted to express themselve= s, a Web link was offered; it remains open: www.eimltd.com/DavidHadler/dspDavid.= cfm.

�� Als= o, Eryl Hadler suggested three charities for sending memorial gifts: St. Joseph�s Hospital Foundation, Flori= da Blood Services, and the American Cancer Society.� The addresses are:

St. Joseph�s Hospital Foundation=

2700 West Dr. Martin Luther King Jr. Blvd., Suite 310

Tampa, FL� 33607

(On the mem= o line: Cancer Center in memory of David Hadler)

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Florida Blood Services

10100 Dr. Martin Luther King Jr. St. N.

St. Petersburg, FL� 33716

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American Cancer Society

Greater Tampa Unit

2006 W. Kennedy Blvd., Tamp= a, FL� 33606

(In memory = of David Hadler)

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Company Gets High Score= s in Annual IAC Survey

EIM�s 2009 Customer Satisfaction survey, which the Ins= urance Advisory Committee conducts annually, now by e-mail, was again highly favorable.� This past year, a short survey on claims handling also was included.�

�� The= 2009 findings, printed in red, are shown on pages two through four, including the results of the claims survey.� As in 2007, there were 119 respondents.� = There were 114 risk managers who completed the 2008 survey.�

�� We= do value this input from our Risk Manager Representatives,� said Jill Dominguez, EIM vice president, underwriting, �after all, EIM is here to serve the industry= .�

�� EIM= first surveyed the Membership in April 1993.� The IAC annual survey has been conducted since 1995.

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Meet S= cott Goodell, A Sports Guy and a Team Builder

Collaborative�it�s a word used easily and frequently by Scott Goodell, the new president and CEO of Energy Insurance Mutual.� He uses it mostly when speaking of the Company and what initially attracted him to EIM.

�� Ear= ly on, back in September when the recruiter first talked with Scott about the position, �I was intrigued by EIM�s membership structure, its stability, and its collaborative nature�the organization has a clear people focus,� Scott said.� �I liked the Company�s long-= term view of the business�unlike some commercial carriers who tend to run from quarter to quarter�and EIM�s purposeful intention of adding value to its Me= mber Companies.� And, I was struck by the quality of the solutions and services offered by the EIM team.�

�� I = also realized that many key elements embodied in the EIM position represented an amazingly good fit for the varied responsibilities I had assumed throughout= my 30-year career.� Scott continued.� = The Seattle resident a= lready knew of EIM and had driven by the building where its offices are located hundreds of times.� We�ll explain l= ater.

In the Beginn= ing

Scott Keith Goodell (he signs his name Scott K. Goodel= l) was born in Plainfield,= NJ, on August 17, 1954, but moved when= he was three to nearby Hillsborough, a farming community.� Scott is the middle brother of three�Ra= ndy, who is one year older and lives near Tampa= , just outside of Wesley Chapel, FL; and Dustan, two years younger, who lives with= his family in Dallas.

�� Sco= tt�s dad, Robert, was a chemist and commuted to Betz Laboratories outside Philadelphia; his mom, Florenc= e, taught eighth- and ninth-grade math and science in <= st1:City w:st=3D"on">Branchburg, NJ.

�� Whi= le theirs was not a working farm, Scott milked cows, baled hay, and tended to sheep and chickens as a youngster.� He was also very active in 4-H and in helping train seeing-eye dogs, German Shepherds in his case.� �I would wo= rk with the dogs for 12 to 16 months and then return them to the Seeing Eye for their final training and placement,� Scott said. �I really enjoyed attending graduation and seeing the dogs that had been a part of our family placed wi= th their new owners.�

�� Scott graduate= d from Hillsborough High School in 1972.� There, he captained the varsity basebal= l and basketball teams, and also played football until a knee injury in his sopho= more year.� After that, he added cross-c= ountry running to his sports schedule.

The College Y= ears

Scott�s undergraduate years were spent at the University of Delaware.� He helped pay for his education by work= ing his sophomore-through-senior years as a resident assistant, �keeping the li= d on the dorm,� and serving food and washing dishes in the dining hall.� He ran track his freshman year.

�� Wit= h a double major in political science and psychology, Scott first considered clinical psychology as a profession, �but when I looked into it, I found one job that was available in the entire country,� Scott laughed.� �Fortunately, I had a mentor in the pol= itical science department, Professor Jim Soles, who suggested that I think about l= aw school.� So, that�s what I did.�

�� I = had been accepted at Boston College as an undergraduate and always liked th= e Boston area.� When I considered law schools, I though= t I would make my career in New England, so I chose Boston College.� Again, I became a resident assistant to= help subsidize the cost of tuition,� he continued.

�� Aft= er his first year in law school, Scott married MaryAnn Neu.� That was in 1977.� They had met back in high school when S= cott was 15.� MaryAnn is a native of Tonawanda, NY, ju= st north of Buffalo.� After they married, the Goodells worked together as resident assistants.� In Scott�s third year of law school, they were area coordinators, overseeing f= ive Boston College undergraduate dorms.

Scott�s Famil= y

MaryAnn is a dancer and an actor.� She attended Adelphi University in Garden City, NY, o= n a dance scholarship and danced with New Jersey�s Garden State Ballet.� In Boston, she focused more on jazz and taught dance at the Wal= nut Hill = School in Natick, MA, and sold popcorn at the local movie theatre.� After Scott graduated fro= m law school and began practicing law in New Jersey, MaryAnn performed for three years on Broadway in the show �Dancin� which = was directed and choreographed by Bob Fosse.

�� MaryAnn�s m= other and brother live in Clearwater= , FL.� That�s why Scott has driven past Bayport Plaza so many times.� For the past 15 years, the Goodells hav= e been frequent visitors to Tamp= a Bay.

�� Sco= tt and MaryAnn�s first child, a daughter named Taylor, was born Sept. 2, 1983.� Taylor was married this past August in Maine.� Her surname is now Benedum, and she is working outside Boston for the Citizens Bank in its marketing and communications department.

�� Son Mark, who is a musician living in = New York City, was born Jan. 29, 1986.<= /span>� Mark is a graduate of the Hartt School = of Music, which is the comprehensive performing arts conservatory of the University of Hartford.�� Currently, Mark works mostly as a prod= uction and sound engineer, but recently began teaching an introductory course in m= usic production at the Hartt School.

Business Care= er

While in private practice for five years with Day, Pit= ney, a law firm located in Florham Pa= rk, NJ , Scott was a litigator.� �Mostly, I did corporate defense work, where there was no collaboration.� Every step of the litigation process was a battle,� Scott said.� �Even when cases were settled, both parties walked away unhappy.� I definitely prefer an environment where people work together to achieve a common goal and share in the success of a= job well done.�

�� Bef= ore assuming responsibility for Guy Carpenter�s West Region, Scott spent four y= ears heading the firm�s East Region.� It= was in that position that Scott learned of EIM.� AEGIS and NEIL were clients and he was familiar with the energy marketplace.� During his 22-year te= nure with Guy Carpenter and a predecessor company (Sedgwick Re, a part of the fo= rmer London-based Sedgwick Group Ltd., acquired by Guy Carpenter in 1998), he has been located twice in = Seattle (1987-1995 and 2005 to present) and in Hartford, CT.� After the law firm in New Jersey and before Guy Carpenter, Scott worked two years with American Centennial Insurance Company, which was the reinsurance arm of Beneficial Insurance Group, based in Peapack, NJ.

�� Wh= ile I have worked for a publicly traded global enterprise for over 20 years, I am looking forward to joining the EIM team that has built, over more than two decades, an incredible legacy of quality and excellence.� That legacy is the direct result of dedicated, hard-working team members who are focused on delivering superior risk management solutions and adding value to Member Companies.� I am eagerly looking forward to joining= the EIM team and continuing its long history of success,� Scott wrapped up.

�� Avid golfers, Scott and MaryAnn anticipate enjoying Centr= al Florida�s many courses and being back on the East Coast nearer their two children and other family members.� �We�re all about family time,� Scott said.� �We especially enjoy skiing new locatio= ns with the family.�� Scott and MaryAn= n also volunteered their time at the Seattle Boys and Girls Club, and took time on= Thursday afternoons to deliver meals to home-bound individuals in Seattle.� They recently became founding sponsors for the newly created Center = for Political Communication at the University of Delaware, and Scott maintains= his connection with Boston College by serving = as a business mentor to second-year law students.

�� Com= ing to Tampa with them is= a 17-year-old rescue cat named Ziggy, a cat with no tail.� �The kids picked out Ziggy, and they ha= d no idea they had chosen a cat without a tail until I pointed it out on the way home,� he said.� �Clearly risk mana= gement is not Ziggy�s strength.�

�� As a Mariner (Seattle�s professional baseball t= eam) fan, Scott also said (with apologies to all you National League supporters) he�s pleased that Tampa is an American League city.

�� Ini= tially hired to begin work on Jan. 15, Scott said in mid-December that he would be= gin Jan. 11.� �I�m anxious to join EIM colleagues and help Member Companies successfully address emerging risk management issues.� I�m also looking forward to the Risk Managers Information Meeting just around the corner,� S= cott said.� He and MaryAnn will be with = the Board in Barbados on his official start date.

A Rich Insurance Experi= ence:

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For Day, Pitney in Mor= ristown, NJ

�� Sco= tt directed commercial litigation matters, including insurance coverage, employment law, environmental coverage issues, toxic tort, and product liability claims, and he provided insurance defense for the Beneficial Insurance Group.

For American Centennial Insurance Company

�� Sco= tt managed the reinsurance operations, including all claims and accounting functions, administration, and review of all excess policies as well as ass= umed and ceded reinsurance contracts.

�� Rou= tinely reviewed excess of loss policies, together with assumed and ceded reinsuran= ce agreements, including property per risk and catastrophe protections, direct= ors and officers, errors and omissions, surety, general liability, marine, aviation, workers� compensation, professional liability, and fiduciary coverages.

�� Positioned the operation for sale in 1987.

For Instrat Global, a unit of Guy Carpenter & Company, LLC=

�� Sco= tt managed a quantitative analytics group with offices in New York, Seattle, Minneapolis, London, Munich, Sydney, and Tokyo.

For Sedgwick Re, Inc., which was acquired by Guy Carpenter

�� Sco= tt was General Counsel�and areas of experience included all litigation, arbitratio= n, contract, and employment-related matters as well as regulatory, licensing, = and compliance functions.� He also was responsible for human resources, contract wording, quantitative analytics, = and market information departments.

�� Supervised for five years a derivatives trading operation on = the Chicago Board of Trade that was 50-percent owned by Sedgwick Re.

For Guy Carpenter

�� Sco= tt was managing director, East Region, from 2001 to 2005, responsible for all brok= ing operations with locations in New York; <= st1:City w:st=3D"on">Philadelphia; Norwalk, CT; and Morristown, NJ.� His responsibilities included profit an= d loss management, personnel administration, client interaction, and prospecting activities.

�� Sin= ce 2005, Scott, reporting to the president of North America, has been responsible for Guy Carpenter�s West Region�s broking operations in L= os Angeles, San Francisco, and Seattle.

�� Sin= ce 2001, Scott has been a member of North America Management Board; the Professional Standards and Compliance Committee, the Business Review Committee, and the board of directors for Reinsurance Solutions, LLC, a Guy Carpenter subsidiary that provides unbundled, fee-based intermediary services.

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EIM�s Financial Stateme= nts

at= September 30, 2009

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Exelon= �s Bob Semet Retires with Travel on His Mind

Bob Semet, insurance director, Exelon, Philadelphia, n= ow retired�and a member of the EIM Insurance Advisory Committee since August 2002�attended his final IAC meeting this past September, anticipating his retirement from Exelon on November 30.

�� Bob= , a Pennsylvania nat= ive, joined Peco Energy in 1973, first working in the finance and accounting dep= artment.� From there, he worked in corporate plan= ning and nuclear contracts/nuclear fuel procurement before joining the insurance department in 1988.� He was manager= of Peco�s insurance division when he moved in 2000 to the company�s new parent= .

�� Bob= has an electrical engineering degree from Villanova University and a master�s in engineering administration from George Washington University.� He completed in 1996 a 30-year career a= s a commissioned officer in the Navy Reserves.� He achieved the rank of captain and was commanding officer for three separate naval reserve units.

�� Her= e are some parting thoughts from Bob, a highly valued member of the Company�s IAC.� This conversation took place Thanksgiving week, during Bob�s final days at Exelon.

Any special plans for the first ye= ar of your retirement?

In the past five years, I have visited 33 countries an= d 30 different states.� I plan to contin= ue traveling in the Uni= ted States as well as to some foreign countries.� I am planning a Caribbean cruise this winter with my wife, and I wi= ll probably take an overseas trip this summer.� It will be great to have more flexibility in making travel plans.�� I also will be looking into purchasing= real estate along the East Coast.�

Generally, how will you be spending your time?

As a retired military officer, I probably will support= and participate in one of the non-profit military organizations.� I am also looking forward to spending m= ore time with my family and friends and I am thinking about spending some of the future winters in Florida.��

What do you think you�ll miss most at the office?

I will miss the friendships I have formed with my coll= eagues both at Exelon and in the insurance industry.�

What are you glad to leave behind?

Of course, I am glad to leave behind the early-morning commutes, especially in the winter.� When I travel by air, it probably will be for a long flight so I can do without = the airline pretzels.

What was the highlight(s) of your career?

There are many highlights, but being able to participa= te and help influence the direction of the utility-owned mutual insurers has been a tremendous experience. This includes serving on EIM�s IAC for several years= and also serving as chairman of the NEIL IAC.��

What attracted you to EIM�s IAC?

Both Commonwealth Edison and Peco Energy were among the initial Members that formed EIM in 1986.� After I gained experience in the insurance industry, I felt that I w= ould be able to make a contribution to the IAC.= �� It has been a great team to be part of and I am very proud to have served for seven years on the IAC.�

What do you consider its greatest value?

The IAC members have significant experience and extraordinary expertise.� The IAC m= embers are a broad representation of the EIM Membership and provide the EIM Board = and staff a valuable input on the current issues in the utility industry.�

What are EIM�s distinguishing traits?

EIM truly is member driven; it is a small organization= with a superb staff, and it is financially sound.��

Any thoughts concerning EIM�s futu= re?

There are always changes and unexpected events.� EIM is in an extremely good position to= meets its Members� needs.� Assuming a reasonable level of loss activity and a more predictable economic climate, = EIM should be able to achieve a very substantial surplus and continue as a reli= able and stable source for meeting its Members� insurance needs.

Any advice for young people going = into the utility business or insurance profession?

It is important to make continuous learning a major ca= reer objective.� Among the many opportun= ities important to enhancing their expertise is to complete the professional insurance designations, such as the CPCU, ARM, and others.�� In addition, there are many programs f= or acquiring a graduate degree in business or risk management.� The one-week Energy School co-sponsored by EIM is another great professional development opportunity.<= span style=3D'mso-spacerun:yes'>�

Any other advice?

It is important to support and maximize participation = with EIM and other mutual insurers. The service is superb, the coverage broad, premiums relatively stable, and in the long run an opportunity to share in = the profits by way of distributions and other credits.� Further, if there is a loss, you know e= xactly who to contact.

Is there anything else you would like to say?

It has been a sincere pleasure to be part of the utili= ty insurance business.� The risk manag= ement, broker, and mutual insurer community have been great.� There is no stronger network of individ= uals who work together to achieve superior results for their organizations.

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Controller Tommy Bolton Elected EIM Officer

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EIM Controller Tom-my Bolton, CPA, was elected an officer of the Company at the EIM Board meeting in November.� He is now controller and= chief accounting officer.�

� Tommy, who b= egan his career in 1997 in Charlotte, NC, came to EIM from Johnson Lambert & Co., LLP, Charleston, SC, where he was principal.� Johnson &a= mp; Lambert is EIM�s and EIS� auditing and tax consulting firm.� He had been with the firm since 2003.
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EGL Limits Set at $75 Million But Could Continue at $100 Million

In early December, the Membership was told that EIM li= mits in 2010 would be $75 million of Excess General Liability capacity, $50 mill= ion of Excess D&O and Excess General Partner capacity, and $25 million of Excess Fiduciary Liability capacity.

�� In a communication to Members, Acting President Barry Mitchell also wrote that t= he Company was negotiating a facultative reinsurance option that would allow E= IM to offer $25 million excess of the $75-million layer.� That arrangement would be seamless�all = the same coverage terms and conditions would continue, which means the overall = limit offering of $100 million could continue.

�� Eit= her way, EIM�s EGL capacity remains the highest limits in the utility sector.� If the facultative reinsurance option is determined between now and the time this newsletter is received, an announcement will have been made to the Membership.

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Comments, questions, and suggested subjects from Members are sincerely welcomed.=

Please send them to the EIM office in Tamp= a at:

Energy Insurance Mutu= al

= 3000 Bayport Drive, Suite 550

Tampa, FL <= st1:PostalCode w:st=3D"on">33607-8412

1-800-446-2= 270

Or, email us at:�� publisher@eimltd.com<= /u>