1. THOMAS J. MCNULTY
2401 South Gessner #265 832.472.3717
Houston, TX 77063 tomjmcnulty@aol.com
TREASURY/M&A/CORPORATE FINANCE
VALUATION/RISK MANAGEMENT/STRATEGIC PLANNING
SEC REPORTING/ENERGY MARKETS/INTERNATIONAL EXPERTISE
CAREER HISTORY
Plains All American Pipeline, LP Houston, Texas 7/2010-3/2011
Assistant Treasurer
 Managed all credit and financial services functions – department staffing of five personnel.
o Crude Oil, LPG, and Refined Products lines of business
o Obtained open credit from suppliers and producers-$1.4 billion
o Responsible for managing credit extension process with aggregate credit exposures of more than
$2.5 billion
o Managed all credit support instruments – incoming and outgoing; including L/C’s, cash collateral,
and parental guarantees
 Maintained, enforced, and improved key SOX404 controls.
 Part of merger integration team for two acquisitions-Southern Pines and Nexen USA.
 Oversaw other financial services, including $275MM in leasing and the $500MM Hedged Inventory Facility.
 One of two AT’s supporting Treasurer with:
o Multiple credit facilities
o Liquidity management
o Debt compliance, negotiation, and detailed covenant sensitivity analysis
o General support of our commercial and operating groups
o Negotiating & raising debt capital: debt capital markets, credit facilities, project financings
o Bank relations
o Rating agency contact and advocacy – Moody’s and S&P
o Preparation and delivery of Board of Directors presentations
o Development of bank and investor presentations
 Primary Treasury professional assigned to PAA Natural Gas LP (NYSE=“PNG”)
o Regulated natural gas storage and merchant natural gas trading
o Developed PNG’s first cash forecast and liquidity model
o Established all credit policies and procedures
o Successfully negotiated $85MM in open credit lines for PNG Marketing LLC
o Approved more than $100MM in outbound open credit
Opportune, LLP Houston, Texas 4/2009-7/2010
Director-CFO Practice
 Corporate Finance: Advised and assisted oil and gas companies and their bankers in the restructuring of more
than $175 MM in distressed senior and subordinated debt.
 SEC Reporting: Advised and assisted CFO’s and CAO’s with 8K, 10K, and 10Q preparation with extensive
Big 4 interaction.
 M&A Advisory: Led financial and accounting due diligence for client companies in the acquisition of $105
MM of oil and natural gas assets.
 Complex Valuation Services: Assessed, analyzed, and documented the fair values of more than $145 MM of
commodity & financial derivatives, stock options, and performance grants for several clients.
 Business Valuations: Firm specialist for valuation of closely held, illiquid businesses and business units.

2. THOMAS J. MCNULTY Page 2
Sirius Solutions, LLP Houston, Texas 8/2006-3/2009
Director-Financial Reporting and Operations Practice
SEC Reporting
 Ensured the timeliness, completeness, accuracy, and reliability of financial information. Oversaw the
preparation of business unit financial statements and support for SEC filings for clients. Detected symptoms of
possible material errors and irregularities; identified types and symptoms of fraud. Ensured compliance with
corporate and public financial accounting and reporting standards.
 Gathered, reviewed, consolidated, and reported corporate financial results for clients on a monthly, quarterly
and annual basis.
 8K, 10K, and 10Q preparation
 Direct contact with Big 4 Partners and Senior Managers
 Specific technical specialization in ASC’s 350, 718, 805, 808, & 815-820 reporting requirements.
Risk Management
 Measured and managed market, credit, and operational risk in business enterprises, as well as identified
associated legal, regulatory, and accounting issues. Led quarterly valuation analysis and documentation for
purposes of derivatives disclosures, hedge effectiveness, fair value of credit risk, interest rate & FX swaps, &
convertible debt deals. VaR and CFaR modeling.
 Directed a credit risk project for the energy trading arm of a large New York bank, completing 155
counterparty credit reviews. The diverse list included large natural gas producers, midstream companies,
cogeneration facilities, energy traders and brokers, merchant power players, and several large industrials.
 Led a project to migrate the valuation and complex options models from one bank’s energy risk system to an
acquiring bank’s system as part of a takeover. Led valuation efforts for power and gas assets as part of fresh-
start accounting for the new combined global commodities entity. Developed new approaches to cash flow
models and reporting, as well as power and gas hedge valuations. Used TriplePoint ETRM system.
Duke Energy Corporation Houston, Texas 4/1999-6/2006
Senior Director-Treasury & Risk Management, (1/2005-6/2006) Duke Energy Americas LLC
 Leadership responsibility for corporate finance, capital structure and planning, banking relationships, credit and
collections, cash management, interest rate hedging, and risk management.
 Led business unit negotiation and execution for $310MM multicurrency non-recourse financings for Latin
America power portfolio. Heavy focus on detailed covenant sensitivity analysis.
 Engaged directly with third party financial institutions to secure financing for power generation projects on a
global basis.
 Developed mitigation plans for key business risks.
 Ensured development of capabilities within the business by managing the people pipeline and skills
development process. This included managing a team of 7 directly and 12 indirectly (overseas-Europe, Latin
America, & Asia-Pacific).
 Expertise and experience in raising, structuring, negotiating, and managing third party capital/debt.
 Served as business partner to business unit leader and CFO; assisted business unit in understanding the
financial implications of operating strategy and performance. Translated data into knowledge that business unit
leaders used in daily operations and in setting strategy.
 Managed the A/R and A/P functions for the division.
 Leveraged capital markets and banking relationships to manage cost of capital and optimal borrowing and
investment decisions. Demonstrated success in managing bank relations and interactions with investment
bankers, financial analysts, attorneys, rating agencies and board committees. Negotiated effectively to represent
corporate interests.
 Exhibited leadership skills, including a proven ability to provide training and development to subordinates as
part of a coordinated, strategic talent development plan.

3. THOMAS J. MCNULTY Page 3
Treasury Director, (1/2003-12/2004) Duke Energy International LLC
 Led global cash management and planning, emphasizing tax-effective repatriation & optimization, and Monte
Carlo risk modeling of corporate cash flows. Supervised global foreign exchange exposure and cash flow
forecasting. Spearheaded reduction of total offshore balance sheet cash by $100MM in 2003. Directed systemic
and procedural enhancements to quantify and mitigate cash-flow-at-risk.
 Participated actively in corporate development and merger and acquisition activities, from deal generation,
initial screening and qualification, valuation and financial modeling, negotiations and contract development; to
signing, closing and deal integration, ensuring that business transactions maximized value and were integrated
smoothly.
 Supported business development teams with deal support and expertise in structuring financial component of
projects.
 Established key operating performance and productivity metrics that were measurable against predetermined
objectives.
 Served as both a financial and business advisor to the chief financial officer and to other members of the top
leadership team. Contributed actively to the evolution and execution of the company’s strategic and operating
plans.
 Advised on and researched cost of capital, optimal borrowing and investment decisions.
 Highly adept at forecasting, working capital and liquidity management, as well as interest rate and currency
hedging, commodities trading and yield maximization.
 Developed and recommended treasury and risk management policies and procedures to fully support the
corporate treasury function. Drafted all global cash management and banking policies and procedures as part
of Sarbanes-Oxley team.
Finance Manager, (1/2001-12/2002) Duke Energy International LLC
Designed operating plans, forecasts, and budgets. Led M&A valuation modeling of businesses as part of expansion
plans across three continents. Partnered with business unit leader in the development and measurement of plans
and forecasts, as well as with the commercial team for pipeline information to serve as inputs to forecasts.
Project Manager, (4/1999-12/2000) Duke Energy International LLC
Managed risk modeling and valuations of mergers and acquisitions (M&A) targets, including: Mission Energy,
UNA and EPON (Netherlands), International Power (UK), Endesa (Chile), and El Paso International.
Enron International LLC Houston, Texas 9/1996-3/1999
Associate, Corporate Finance Rotation Program
U.S. Department of State Washington, DC & Overseas 7/1990-8/1994
Foreign Service Officer
Brown Brothers Harriman and Co., New York, New York 8/1987-6/1990
Financial Analyst and Associate
EDUCATION AND CREDENTIALS
 MBA, Finance and Accounting, 1996, Kellogg Graduate School of Management (Northwestern)
 BA, History, cum laude, 1987, Yale University. Varsity football letterman.
 FRM, Financial Risk Manager Certification, 2003 (GARP-London, UK)
 Articulate Russian (US State Department Trained).