IN: Document Signature Act of Sale Form Jean Mrha/Julie Gomez Board Resolution Mark Haedicke Louise Kitchen Corporate Guaranty Jeff McMahon/Ray Bowen (DONE for $3 MM) Certificate of Non-Foreign Status Stephen Douglas (DONE) DASH Rick Buy/Dave Gorte Jean Mrha/Julie Gomez Mark Haedicke John Lavorato/Louise Kitchen Jeff McMahon/Ray Bowen This DASH definitely needs a Legal Risk memo, which I have attached as a separate document. Along with the DASH, it needs to be updated for the actual sale price (and the date was wrong--I fixed that on the attached but be sure Gerald's version has the right date) and then added on to the body of the DASH before signatures. Gorte has already looked at this one, so we should be okay to get going on the signatures right away, though I would still start with him, just in case.

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OUT: Reliant Documents

IN: Last week, the WSPP drafing group met in sunny California to continue the slow and steady march towards a standardized, "national" agreement. Schedule C , the service schedule for firm transactions, was the primary topic and the following is a summary of where the group is headed. After much discussion, we proposed that the group consider the definition of firm energy that Tim, Christian and others have been considering. The following is proposed language (the base was EPMI's version) that the WSPP group is currently reviewing: Firm Power is power that is sold and scheduled in accordance with applicable reserve requirements for which the only excuse for the failure to deliver or recieve are those set forth in Schedule 3.9 of the WSPP Agreement. Seller shall take steps necessary for the power to be considered Firm Power under this definition. Schedule 3.9 only allows interruption if (i) within agreed recall time, (ii) due to an Uncontrollable Force or (iii) power is need for native load; provided, however it was agreed that a party would neverless be liable for LDs if it interrupts due to native load requirements (this last point is a major accomplishment that apppears to have uniform agreement and will be implemented in the next draft - the group claimed that the "optics" are necessary to help traditional utilities). As a further note, the group agreed to do away with all references to C1 and C2 and have just one Schedule. Changes from EPMI's proposed definition where the result of the following discussions: 1. Generated vs. Sold - "Sold" was elected over "generated" because the group thinks that it is the receiving control area that determines the generator's reserve requirements. 2. "Schedule" was added to bolster the scheduling requirements. 3. "Reserves" instead of "Operating Reserves" was used because the group thought the word operating may be too restrictive. 4. "WSCC reserve requirements" was replaced with "applicable" reserve requirements because the group thinks that the WSPP Agreement is national in scope and should not be limited to WSPP. 5. References to Non-firm supply as being excluded from Firm Power was excluded because the group thought it was redundent - no control area would accept a non-firm supply as being firm. 6. Power rather than energy is being used only bacause that is the decision that has already been made. This defintion will be further discussed at the next meeting on Aug 20th in Denver. Prior to that time, I would like to get your thoughts on how this is shaping up and what additions/deletions are appropriate. I look forward to hearing your thoughts. Thanks.

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OUT: WSPP - Definition of Firm Energy

IN: Greetings! Hope there's no confusion about my role in Brazil. I'm replacing Yao Apasu in the derivatives area and I thought he was more involved in the process than he apparently was. I'll be taking direction from Brent and will be available as needed. Thanks. Sara

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OUT: Trading in Brazil

IN: Hello Everyone, Well, this week was no doubt a tough week for us all picking the winners. Approximately 10 of the NFL games were won by the underdogs this week. Many people missed the Pittsburgh/Tampa Bay game, also the Carolina/Washington game, Baltimore/Cleveland, New England/Indy game; Atlanta/New Orleans, Denver/San Diego and Green Bay/Minnesota game. Back on Thursday, Buffalo was only picked by one person over Jacksonville. In the college games, just about everyone missed the North Carolina/Clemson game, while the Wisconsin/Illinois and USC/Notre Dame games were missed by about half the people. Through all that, Larry Campbell is the current leader with only 7 wrong, while George Phillips is the only other person still in contention with 8 wrong. Larry picked the Giants tonight with 39 total pts, while George picked the Eagles with 32 total points. Therefore, if the Giants win, Larry will win outright, if the Eagles win and there is 36 or more total pts, then Larry will also win. George will win with a Philly victory and 35 or fewer total points scored. There were 31 entries this week, therefore the prize is $62. There is another Thursday night NFL game this week, therefore we will make this week's picks due Thursday afternoon. I did have a few requests for making each entry $3 this week, to increase the money you could win. Therefore, please email me back if you would like to see the entry fee at $3 instead of $2. If we get more than 20 people who would not mind a $1 increase in the entry fee for a bigger prize, then we will go with it. I do not want to go more than $3 for now. Therefore, if we can keep the 30-35 people each week, the prize will be closer to $100, instead of $60-70 dollars. This is not my idea to have some people give up more money, but just a suggestion I got from a few people. Below are the number of games missed by each person this week. Andy Larry Campbell 7 George Phillips 8 Carter Ellis 8 Joe Brewer 9 Daniel Muschar 9 Andy Pace 9 Rob Benson 10 Valerie Ramsower 10 Daniel Jenkins 10 Ashish Mahajan 10 Miguel Garcia 11 Diana Allen 11 Thomas Lowell 11 Rick Broussard 11 Gautam Gupta 11 Kayne Coulter 11 Robert Vargas 12 Larry Jester 12 Mike Grubbs 12 Gerald Gilbert 12 Bryce Schneider 12 Todd DeCook 12 Dean Laurent 12 Joe Quenet 12 Steve Pan 12 Reagan Mathews 12 Joe Step 13 Jaime Gualy 13 Joe Capasso 13 Pat Hanse 14 Ryan Williams 14

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OUT:
results of football pool