Problem: BODY: Here is an updated New Power Company exposure as of 10-24. I have included Buy/Sell, Deal Type, and Capacity/Commodity. Please let me know if there is any other detail you need. Stacey
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A: SUBJECT: New Power Company Exposure

Problem: BODY: tanya: Just a quick update on the LC situation. We sent a renewal request to Enserco yesterday and they said they would get back to us tomorrow. If they don't renew by tomorrow I think that we should send them a notice of Event of Default letter which would give them until Wednesday to cure. If not cured by Wednesday, we could terminate and be in a position to draw on Thursday/Friday. Who can I coordinate with next week on this? Leslie Reeves is checking on a few of them that owe payments this week to see if they have paid. On Vitol, Tom is obtaining a copy of the LC and seeing if they have paid. He is also checking into Ballarpur. Greg Johnston e-mailed me to say that they were handling EPCORE and Engage. We have concluded that nothing can be done on Energy Service Providers, Trafigura and Glencore.
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A: SUBJECT: LC's

Problem: BODY: Here is the latest draft of the filing for transport options. Significant changes include: - added definition of Counterparty - added captions and reorganized the filing to more clearly reflect compliance with 154.202 - included an explanation of how the option fee will be part of a negotiated rate - added an example of how options will work I think we need to decide whether we are better off with the type of option fee explanation I have in this draft, or whether we should instead state the fee will be market based, and include an explanation that, pursuant to the Commission's discussion in Order 637, market based rates are appropriate because we are going to commit to an open season process that will be nondiscriminatory and that will ensure we aren't withholding capacity from the market. Can we have a conference call to discuss your comments this week? I will have Janet call to determine your availability.
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A:
SUBJECT: TW Options