Problem: BODY: I read the applications, letters of recommendation and resumes on the plane to Austin and in the hospital this weekend. Below are my suggested seven appointees to the Analyst Advisory Board. I made the selections based on their answers to the application questions, plus I attended to get a mix of male and female, commercial and merchant service analysts rotations, current operating company assignments, undergraduate schools, etc. I am sorry that I will not be able to join you in the meeting today. Analyst School Current Rotation Rationale Ilan Caplan UT CALME Structuring Both MSA and Commercial Analyst rotations Erin Rice Trinity CALME Structuring Vocal; good to be part of the solution; female minority Brian Hoskins Vanderbilt ENA Trading I will trust Jeff Shankman on this one Carrie Southard Texas A&M ENA - EOL Current MSA rotation Alejandro Veiga Rice ESA - Venezula Good ideas; diverse background Courtney Votaw Pepperdine Corp. - PR Adds interest to the mix with her rotation & background Adrian Woolcock Rice EES Sounds mature; good ideas
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A: SUBJECT: Suggested Analysts for Board Positions

Problem: BODY: The name for the Canadian entity which will enter into both Master Agreements and individual commodity transactions is: "UBS Warburg Energy (Canada) Ltd.", as confirmed by Lou Eber: UBS Chief Legal Counsel. I am working on chasing down the parental guarantee issue. Dave
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A: SUBJECT: Canadian legal entity

Problem: BODY: Venona, I have discussed the warranty issue with my attorney and he suggested the following be used as Section 8.5. The language in this section allows for gas from outside the state. Please advise. The following representations and warranties shall apply to Transactions under the stated conditions: (i) if Company is Buyer, Seller represents and warrants to Buyer that all Gas will have been produced (a) within the state of Texas and will not have been commingled with other Gas which is or may be sold, consumed, transported or otherwise utilized in interstate commerce in such manner which would subject an intrastate Transporter to the jurisdiction of the Federal Energy Regulatory Commission or any successor authority under the Natural Gas Act of 1938 or (b) outside of the state of Texas with any transportation on an interstate pipeline having been conducted under Section 311 (a)(1) of the Natural Gas Policy Act and (ii) if Company is Seller and the Delivery Point(s) for the Transaction are not interstate interconnections, Buyer represents and warrants to Seller that none of the Gas will be sold, consumed, transported or otherwise utilized outside the state or sold to another party which will subsequently sell, consume, transport or otherwise use the Gas outside the State where such event would subject an intrastate Transporter to the jurisdiction of the Federal Energy Regulatory Commission or any successor authority under the Natural Gas Act of 1938.
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A:
SUBJECT: Warranty