Problem: BODY: Attached is your daily market research report. Please contact me if you would like to hear about a certain company, or sector, and I will get right on it! As you may or may not know, we have access now to research from Goldman Sachs, CS First Boston, as well as First Union Equity Marketing Group. T hank You, Hank Emery
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A: SUBJECT: Research Report for Wednesday, August 29, 2001

Problem: BODY: Stan felt it would be appropriate for the Policy Committee to review the attached changes to the Analyst / Associate PRC process, prior to execution. In summary, the following modifications have been developed by the heads of the AAPRC Committees (Horton, Kean, and Sherriff) and A/A Program Management (Lemmons): ? Most cross-calibration will be at the business unit level, since this is where the best interaction and information gathering occurs. Steps to ensure consistency across the business units are outlined in the memo. The final PRC meeting will focus on business unit ranking distributions, and the names/attributes of the top performers across the company. ? The PRC committees have been expanded to improve the quality of representation, and to reflect the diversity of our workforce. The additions were selected from a pool of high performing VPs and Directors. To ensure fairness, only VPs and Directors will provide representation on the AAPRC Committee. ? An attachment has been included to clarify program tenure and promotion criteria. Please let me know if you have any questions or would like to discuss by mid-day Wednesday, May 9. We are planning to release this information to the memo distribution list that evening. Regards,
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A: SUBJECT: Policy Committee Review - Analyst/Associate Program PRC Process

Problem: BODY: Greetings: Hope everyone had a pleasant 4th. I've read the respective Burton and Hertzberg language on amending AB 1X. The Burton language looks cleaner and simpler, though there may be reasons to include some of the Hertzberg language, too. I'm proposing to the group the following as potential amendments to the bond bill. I would appreciate your feedback. The amendments would be as follows: Customers who were on Direct Access when DWR started buying power (Jan. 17th? ), and are still on Direct Access when the bill passes, should be exempt from paying for the bonds. In short, customers should not be forced to pay for power twice--once from
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A:
SUBJECT: Bond Leg Language, etc.