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Mark and I met with Mark Haedicke regarding utilities and the need for a legal opinion from the utility counterparty. We have agreed with Mark as follows: 1. Our negotiations with investor owned utilities should be based upon our standard ISDA Schedule (ISDA Multicurrency Agreement) AND including the "Additional Termination Event". Neither party should be required to provide a legal opinion. 2. Investor owned utilites will be approved for online trading from a legal viewpoint. The extra "Additional Termination Event" paragraph is not currently included in the GTC's but COULD be incorporated if there is a revision to the online agreement. 3. Our position with respect to municipals/municipal owned utilities, federal/state/local owned utilities and cooperatives remains unchanged. We should still utilize and update the "municipal ISDA" form, and, require a legal opinion from the counterparty. In that regard, Susan Flynn has been working on an "omnibus" format for an electric co-op (Deseret Generation and Transmission Co-operative), an earlier version of which could be used as a template for a municipal omnibus confirmation.

What is the subject of this email?
Utilities (investor owned)