Q: UBS have organized an important meeting will be held tomorrow for all employees who : 1) have accepted offers or 2) intend to accept offers ( to the best of their knowledge) but who have issues that are being resolved All employees in these categories should attend Buses will be provided for those who do not have their own transport and will pick up from the south side of the north building - please assemble in the Java plaza area from 8.30am to 9.30am ( last bus leaves @ 9.30 am ) The meeting will last until approximately 1pm and will be presented by senior managers from UBS on the firm and it's strategy. There will be breakfast available at the Hotel from 9am to 10am and there will be sandwiches afterwards. If traveling independently please make sure you leave sufficient time to park (it will be very busy) and get to the Grand ballroom Employees need to bring their id's or drivers license with them to gain access to the meeting I'm sorry for the short notice on this - please call out to anyone who should be attending who will not get this message in time Tammie Schoppe on behalf of UBS HR
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A: URGENT REQUIRES IMMEDIATE ACTION : Welcome to UBS meeting tomorrow 10.15 am @ the Houstonian

Q: Though the electronic copy is not yet available, we have faxed out a hard copy of FERC's "Order on Rehearing" issued today in RM01-9, "Reporting of Natural Gas Sales to the California Market." All requests for rehearing and clarification have been denied, as the requirement "is in the public interest...[and further] is necessary for the Commission to advise Congress as to whether it should change the existing regulatory framework..." Some major points are: (1) Arguments that FERC cannot require the info. from non-jurisdictional entities is disputed by citation to the NGA and FPA, allowing FERC to collect any information in order to advise Congress on a matter of urgent concern. The Commission also cites the FPA's authorization to investigate electricity issues, including the cost of generation (of which natural gas is a key factor). (2) In response to Enron's arguments, the order states the following: Enron argues that the data collection should be undertaken on an as-needed basis, not regularly; FERC simply denies this. Enron argues that the burden of reporting was underestimated; FERC says this may be true but is no reason to rescind the requirement. Enron argues that the reporting is not based on the business method utilized by the company and that it does not have the information on a daily pricing and volume basis (matched to physical volumes); FERC answers that data should be submitted "in a manner consistent with the way the particular gas seller does business." Examples are given in the text of the FERC order. If Enron is contending it should only file aggregate information, FERC finds this option unacceptable. Only Enron asked for an extension for the filing deadline, from 30 days to 45 days after the close of each month; FERC denies this request as unnecessary. (3) CPUC request for access to all information filed is denied. Sensitive price data will be exempt from public disclosure (with no exceptions) so that all parties must comply. The order also states, "Moreover, the purpose in seeking the information is to enable the Commission to understand the operation of the market for gas sales into California, not to investigate the conduct of particular participants in that market."
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A: CA rept requirements rehearing denied

Q: Tracy: Could you please e-mail to the group the 11/8 letter that you sent to Mark Russell at SRP. We received a letter on 11/9 stating that they disagreed with our assertion that SRTP's request for additional collateral is subject to the disputes resolution section of the Agreement. Who is handling this on the legal side?
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A: SRP

Q: Attached is a new draft of the letter to John Pope with all comments received. Dick Ingersoll will send this out to TVA tomorrow. If you have any other additions, please get them to me today.
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A:
Letter to John Pope