PROFESSIONAL EXPERIENCE:

L. E. Peabody & Associates, Inc. (since 1984) -- Mr. Groene has more than twenty (20) years of experience in solving transportation and fuel supply problems. Mr. Groene has participated in detailed operational studies and analyses of cost of service for various clients. Mr. Groene has assisted in the negotiations and monitoring of transportation and fuel supply contracts on behalf of different clients in different parts of the United States.

Mr. Groene has conducted numerous fact-finding field trips with the objective of determining a railroad's specific cost of handling unit coal trains over specific line segments. These field studies primarily included the determination of railroad costs associated with crew wages, locomotive capital and maintenance costs, and roadway capital and maintenance costs. During the course of these fields trips, Mr. Groene was responsible for instructing and supervising teams of up to four people. Mr. Groene also has conducted a number of operational studies in order to ascertain the value of the component parts of distinct rail movements. For example, Mr. Groene participated in the design, implementation, supervision and summary of a study of the movement of various commodities within the rail switching limits of St. Louis, Missouri, Pocatella, ID and St. Paul, MN.

Mr. Groene has researched a variety of legislative and business issues which form the basis for litigation support and/or reports to clients on specific topics. Mr. Groene also has performed extensive research on the Natural Gas, Oil and Nuclear Power industries and their relationship to the Coal industry.

Mr. Groene is familiar with the basis and uses of the Uniform Railroad Costing System ("URCS") and its predecessor costing formula known as Rail Form A, both of which were used by the Interstate Commerce Commission, and its successor the Surface Transportation Board, to develop rail variable cost of service analyses.

Mr. Groene has developed a number of the component parts of the evidence required when applying the Surface Transportation Board's constrained market pricing principles. These analyses include the design of a stand-alone railroad and the development of quantities of materials needed to construct the hypothetical stand-alone railroad.

Mr. Groene has analyzed and developed alternative build-out options for electric utilities, has performed real estate assessment studies, and has analyzed the rates and costs associated with moving traffic by rail and barge.

Previous Related Experience -- Prior to joining L. E. Peabody & Associates, Inc., Mr. Groene was employed by Shotwell-Anderson during the summer of 1984 and participated in inventory management, equipment specifications, coding of computer printouts and traveling to various locations to conduct on-site inventories.

EDUCATION:

Mr. Groene received a BS in Economics and a BS in Business Administration from Shepherd College in 1984.