Q: Group- Brace yourselves... Once more we are experiencing seasonal changes. The time zone change has pu= shed the evening peak back to HE 18 through HE 19. These hours are now prem= ium, the load curve no longer resembles a rolling hill but has an extreme m= orning ramp and an extreme evening ramp. Both EPE and the CAISO in NP-15 wi= ll have difficulty with this evening ramp. Do not count on the EPE load for= ecast to accurately identify the evening ramp. We should not suck off the g= rid. Pay the extra $3 for firm or unit contingent power in the SW. We need = to attack the evening peak early and make sure we cover it. We should be us= ing congestion wheels as hedges. A 200 mw import requires a 200 mw wheel go= ing in the opposite direction at $0.10--or less--we should not do 50 mws at=
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A: Evening Peak and MEETING NEXT TUESDAY at 4:30.

Q: At the request of Anita Herrera, I am enclosing a copy of a list that shows the discrepancies that our records show from the list we were sent of trades to be assigned to J. Aron. Please resolve the trades issues directly with Bob Bowen. His # is 713/853-7859.
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A: Statoil Reconciliation

Q: 1. Be sure to verify that the underlying contracts do not allow cherry picking under any default scenario. If it does, amend the express language. 2. We have made 2 changes to the netting agreement forms on the basis of further review by Leslie Hansen of some provisions in our trading forms. The first change is in paragraph 2(a) to clarify the definition of Default. The second change is in paragraph 14(b) to delete the day limitation on claims of Force Majeure. We feel this should not be included in any physical contract that will be included in a master netting agreement, especially because of the current international situation and security concerns. See attached reline version to read the changes. 3. No changes have been made to the Collateral Annex. 4. Attached below are the new forms. Rather than continue with forms with and without the user notes, I put the user notes in a separate document. They are not at the back of the forms. Simpler. The attached forms are Master Netting & Security Agmnt 10 h a v1 (to use without collateral annex) and Master Netting & Security Agmnt 10 h v1 (to use with collateral annex).
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A: FORM CHANGES: READ

Q: Attached is the spreadsheet for which I reformatted the print parameters so that all information prints. I have not yet added the POI numbers or Division numbers yet, but will do so soon. Thx, Jim
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A:
DVC spreadsheet