IN: Mark Taylor is going the be the host of the next ECT Legal Conference to be held in the Woodlands in October and he asked me to contact you to see if you know yet which of the Brits are going to be attending because we need to start making reservations. If you get a minute and can drop me a line I'd appreciate it. Thanks!

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OUT: October ECT Legal Conference

IN: 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

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OUT: Orders issued today in NYISO and ISO-NE proceedings

IN: Dear Rajan, Sat sri akal. It was a pleasure to talk to you yesterday.I had discussed with you our programme for the return journey.Though our return journey is fixed on 18th of Nov. but due to circumstances as discussed with you yesterday ,we may have to extend our stay for a couple of months if we could get clearance from INS for which AP has applied. In the meantime ,if we could have an understanding with Dimpy/Ap we may move earlier as planned. Any case we must keep more medicines so that at that time we may not have any problem. I therefore will greatly appreciate if you can arrange to get the following medicines from India with Raj's mother who is coming in the next month and then later on these can be sent to us. STAMLO BETA 15x10 =150 Tab (15 strips of 10 each) AMLOPRES- AT 15x10 = 150 " " Semi Daonil or Daonil 15x10 = 150 " " Glyciphage 500 15x10 = 150 " " Premelle' 2.5 2x28 = 56 "( 2 pkts. of 28 each) ( Conjugated Estrogens and Medroxyprogesterone acetate USP) I am sure you must be sending your authority to MSDANG at Delhi . I will talk with u on phone in the evening. Rest is OK.Winter has started here. With our lot of love to you and hope to have a tea -te-te in the evening.

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OUT: general welfare

IN: One of my GARP connections at El Paso has put forth a white paper for discussion. He is hoping it will be adopted across the industry. He will be presenting it June 5th, at the next GARP meeting in Houston, to be hosted by El Paso at El Paso. He is collecting feedback before the upcoming meeting. Please review, and comment to either myself of Lloyd at the address below. Thanks,

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OUT:
A Two States Model For Power