An integrable model for SU(ν) electrons with inverse-square interaction
is studied for the system with confining harmonic potential. We develop a new
description of the spectrum based on the {\it renormalized
harmonic-oscillators} which incorporate interaction effects via the repulsion
of energy levels. This approach enables a systematic treatment of the
excitation spectrum as well as the ground-state quantities.Comment: RevTex, 7 page