Subject: "JAN-MAR Degree Day Swaps".

Body: Gary, What is the market for IAH Jan-Mar HDD swaps (we are looking to BUY)? How does this compare to the 30 yr avg? Thanks for your help.

Subject: "Contract Amendments for ConfirmLogic".

Body: Hi, I need your help. I would like you guys to prioritize the "first 10" and the "second 10" firms that we would like to change our existing trading agreements with to allow all of us to use ConfirmLogic. I would like this process to go forward even if the counterparty has not yet signed up for the module. To my mind, the legal change simply gives us both the option (and perhaps the preference, but not the obligation) to use the module to serve as a legal confirmation. Please let me know if there is anything I can do to help speed up the process. As I understand it, only Sempra currently has proposed changes in front of them. I would like us to have proposed changes in front of the top 20 clients by September 20. Many thanks, Tom

Subject: "RMT/EEL confirmation".

Body: Jorge: I may send you some emails throughout the day to help clarify some things for me. Where are your definitions of "Calculation Period" and "IPA Modified Calculation Period"? In your definition of "IPA Floating Rate Payment", you use the term "Share Spread" which is not defined. What do you mean? There is a dangling definition of "Share Spread" at the end of the IPA Compensation section, but it refers to spreads appearing in either Annex I or Annex II. In the "IPA Compensation" section, how is "a negative IPA elected"? Who is making an election? Let's discuss tomorrow.

Subject: "Indemnifiable Tax Language".

Body:
Steve: Our tax counsel has recommended that we not agree to the amendment to the definition of "Indemnifiable Tax" that you have proposed in your draft. Do you have a tax person that he can talk to and get this issue resolved? Carol