Mark - Attached you'll find the spreadsheet you sent me with notes I've added on each deal discrepancy. Most had already been solved, and a few pertain to Real Time spreadsheets, in which case I'll defer to Bill Williams. Please let me know if you have questions on any of my notes. If not, I believe we should be all set for March. Thanks for your patience,
Answer: Latest Variances EES vs EPMI
In todays meeting the CPUC did NOT act on the Revised Proposed Decision issued last week to unbundle the SoCal system. Once again the decision has been Held Over to the next meeting. gh
Answer: SoCal GIR/Unbundling
Steve and/or Rhett: We are trying to finalize an ISDA with the above counterparty which is a Bermuda company. They made 1 tax comment to our Schedule. Currently, they rep to us that Each payment received or to be received by them in connect with the Master Agreement will not be effectively connected with its conduct of a trade or business in the US. They want to add the following to this rep: Each payment to be received by it in connection with the Master Agreement will be either foreign source income under the Code or portfolio interest within the meaning of Section 881(c) of the Code or gain derived from the cash settlement of an option. Is this okay? As my days are numbered here if there is any way that I could get some feedback on this this week that would be great so that at least I can respond to them. Thanks. Carol
Answer: Commercial Risk Reinsurance Company Limited
I noted in the Finance and Accounting report that you guys are setting up a meeting with AA to talk about the draft risk management document that folks had been working on a year ago. Please include Tony and I. We had some questions and concerns that I have long since forgotten but will renew and talk to you about before the AA meeting. Thanks. DF
Answer:
Risk Management