Q: Most folks probably listened in to the press conference, but for those that didn't here's a summary of the ISO's proposal to FERC. The description of the proposal was vague and general, and Winters tends to speak in run-on sentences, so if I've gotten anything wrong, please chime in. $100 cap for "old" generation; "new" generation would be exempt. FERC would require generators and SCs to contract forward for at least 70% of their power. For those that meet the 70% requirement, they will be exempt from the $100 cap, and the $250 cap will apply. Winters believes that the 70% requirement, coupled with utility-controled gen, will result in the IOUs scheduling about 85% of load into the forward market. Load and supply that deviate from schedules and go to the real time market will be penalized (details to be "ironed" out). The ISO is supposed to make the filing at FERC today.
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A: ISO Proposal to FERC

Q: Hi! Here are the variances between the Risk P&L and the GL as of September 30 for the books that I handle. Please call me if you have any questions. Thanks,
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A: risk p&l vs gl variances - September

Q: Happy Holidays! It looks like we will be going skiing in Colorado from March 11-16. I wanted to see if you were going to be in town during that time and see if we could come by and see you. It would most likely be on the 10th and then the 16th. We are staying at a place from that Sunday night thru Thursday night. Let me know. I hope Santa was good to you all. DG
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A: March

Q: Please see attached. Thank you. Donna M. Cagle Executive Administrator to President & CEO Mariner Energy, Inc. 580 WestLake Park Blvd., Suite 1300 Houston, TX 77079 281/584-5511 (phone) 281/584-5515 (fax) dcagle@mariner-energy.com <<Special BOD Mtg. Notice - 10-17-01.doc>>
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Notice of Rescheduled Special Telephonic Meeting of the BOD