Q: I have the following three people I would like to nominate for a Personal Achievement Award. Please approve and/or call with questions or comments. Thanks
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A: Personal Achievement Award - Nominations

Q: Group- Brace yourselves... Once more we are experiencing seasonal changes. The time zone change has pu= shed the evening peak back to HE 18 through HE 19. These hours are now prem= ium, the load curve no longer resembles a rolling hill but has an extreme m= orning ramp and an extreme evening ramp. Both EPE and the CAISO in NP-15 wi= ll have difficulty with this evening ramp. Do not count on the EPE load for= ecast to accurately identify the evening ramp. We should not suck off the g= rid. Pay the extra $3 for firm or unit contingent power in the SW. We need = to attack the evening peak early and make sure we cover it. We should be us= ing congestion wheels as hedges. A 200 mw import requires a 200 mw wheel go= ing in the opposite direction at $0.10--or less--we should not do 50 mws at=
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A: Evening Peak and MEETING NEXT TUESDAY at 4:30.

Q: As both parties continue to explore the issues which we discussed yesterday, would you like to send us Harvard's form of guaranty? I will be out of the office next week. Thanks. Sara
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A: Form of Guaranty

Q: Attorney Work Product/Not Discoverable Top Legal Risks 1. Power Forms - Trading contracts in the power industry are very weak. Typical problems include, trading under multiple masters, no liquidated damages for non-delivery, no events of default or calculation of termination damages, broad performance outs. 2. Agency - Several of our major trading partners operate through an agent acting on behalf of several operating companies. This creates uncertainty as to which entity is liable for which trades. 3. Municipalities - Difficult authorization issues associated municipalities. 4.Complexity of transactions - Power transactions can be very complex as a result, in part, of difficult delivery mechanics and volatile pricing. 5.Timing of transactions - Power transactions typically must be completed on a very tight time schedule. 6. Lawyer Training - Difficult, time consuming process to train lawyers on how to document transactions involving power. 7.Process for approval of transactions - Uncertain procedures for making sure everybody understands risks associated with transactions. Documentation Projects 1. EEI - cont'd work to make EEI the trading contract for power/lessen reliance on WSPP. 2. One-off Power Form - creation of contract to be used for individual transactions that are not part of a master. 3. Product Definition - cont'd work on creating/building acceptance for power product definitions. 4. Platform Trading - Encourage use of EEI as trading platform for all e-trading. 5. Single master contract for all physical commodities/financial trading - work with ISDA to develop single contract for physical trading and then roll that into single contract for physical and financial trading
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A:
Quarterly Legal Review -Power