Subject: "NYISO update".

Body: All, Please see my memo attached, which will update you on recent developments in the NYISO technical committees. As always, please call me if you have any questions. Regards,

Subject: "Kermit to Beaver Grouping".

Body: John and Terry, could you check into having a Business Objects report done for all groupings with the following information. Previous Cyclce Nomination Current Nomination Confirmation Schedule Confirmation piece is not critical if that prolongs getting the report. The reason for the report - Gas Control needs to know what changes have taken place and this will prevent the teams from doing a manual report. If we already have access to something similar to this, let me know. I would like to be able run this report during cycle. (I think I am probably asking for the moon), but that would be the best time for Gas Control. Thanks. Lynn

Subject: "FERC RTO Meeting Rescheduled".

Body: As noted in the attached Order, the FERC Mediation conference scheduled for this Thursday has been moved to next Tuesday at 10:00 a.m. In addition, I've attached the most recent Order in the Southeast RTO case. My understanding is that the ALJ in that case plans to hold three day a week meetings (Tues-Thurs) from now until the deadline imposed by FERC. Can we be far behind? Aaron - FERC_Order_Rescheduling_Northeast_Mediation.WPD - Southeast_Scheduling_Order.WPD

Subject: "Frontera position for tomorrow".

Body:
I have sold Frontera a financial swap for $28.50 for hours ending 7-12. The first 3 hours are for size (300 mw's). I would buy hours 7-9 tomorrow for up to $20. I could buy up to the 300 mw's. Schedule this to load in the North. I could also use 200 mw's for he 10 and 150 mw's for he 11. Calpine has had an offer recently for hours ending 7-9. If you have questions, please give me a call, as this is a very important issue. Words of advice: Dont go into the market with a $20 bid for 300 mw's. Quietly accumulate these mw's if possible. Do not tip your hand on this deal, as that would contribute to spiking RT prices. Thanks,