Subject: "2 calls".

Body: I'll call you at 3pm BA to discuss omnibus. Then we'll break and I'll dash over to meet with both Lynn Aven and Rick Hopkinson at Allen Center and we'll call you back to discuss tax etc. SS

Subject: "Orders issued today in NYISO and ISO-NE proceedings".

Body: Today FERC issued the following draft orders: NYISO TEP and Bid Cap (ER01-3001): Commission granted NYISO's request to extend the currently effective $1000/MWh Bid Caps on certain NYISO adminstered markets, and to extend its Temporary Extraordinary Procedures for Correcting Market Design Flaws and Addressing Transitional Abnormalities, until the Northeastern RTO is operational. The Commission ordered NYISO to narrow the scope of the TEP, and to file tariff sheets doing so within 30 days. NYISO proposed virtual bidding procedures (ER01-3009; ER01-3153): Tariff changes to implement virtual bidding were approved. The changes would allow market participants to bid non-physical generation and load into the day-ahead market and settle the bids in the real-time market. Also accepted were NYISOs Market Mitigation Measures to address gaming or market power strategies that might emerge as a result of the virtual bidding. NYISO - Cost responsibility for new interconnections. (ER01-2967): Tariff changes allocating cost responsibility for interconnection facilities. The provisions allocate to developers 100% of the cost of facilities necessary to physically interconnect the project. Additionally, developers are allocated the coswts for transmission system upgrades that would not have been made "but for" the interconnection, minus the cost of any facilities that the NYISO's regional plan dictates would have been necessary anyway for load growth and reliability purposes. ISO-NE - Interim Bid Caps (ER01-3086): Commission approved extension of bid caps until the Northeastern RTO is operational. Calpine v. ISO-NE (EL01-124): Commission granted complaint by Calpine and Mirant, finding that ISO-NE has amended Market Rule 5 to exclude external contracts from setting the energy clearing price, in violation of a Commission order. If you need further information, please let me know. Susan Lindberg x30596

Subject: "Ugly".

Body: I'm with you. I told my wife I thought it would be a 3 touchdown game, but a 49 point margin is unacceptable. I was at the game and it was as if the Texas coaches got a bunch of guys from the frat houses this week and put together a game plan on Saturday morning before kickoff. They were out of position, slow, unmotivated, and flat out not prepared to play. I like Brown and actually think he is a good fit, but at some point you actually have to coach. I lay this all at his feet. Obviously the coordinators bear some major responsibility as well. I really don't know what to expect for the remainder of the season. They obviously are not as bad as they showed on Saturday. But the fact remains that they are capable of playing that poorly on any Saturday, and I really did not think that with this defense they could be humiliated. I was very wrong. Something has to change. The fact is they are 3-5 in the last 8 games. And were favored in all but one. Lack of talent is no longer an excuse. I think the entire remainder of the season hinges on this Saturday. If they play as poorly as they have all season (they have beaten 3 terrible teams, and lost to a bad one) against Colorado, they will lose and I could see them finishing at 6-5 and even 5-6 not out of the question. For this reason, I think that this could be the biggest game of Brown's tenure at UT. What do you think?

Subject: "NG-Price Crude Book Request".

Body:
Please see the attached new book request for the NG-Price book. John Arnold is now trading crude on EOL and they are booking to NG-Price. Of course, we have to have this today. Thank you,