Q: Here's the latest that we have on the legislation ("82XX") released on Friday. The Assembly Energy Committee will hold an "informational" hearing on 82XX at 1:30 PM PDT today. "Informational" means that there won't be a vote today. Attended a meeting this morning with the business groups with Assemblyman Dutra (self-proclaimed pro-biz Democrat, who's an "author" of 82XX), Hertzberg's chief staffer, and Hertzberg's outside legal consultant. The DWR contracts continue to be the roadblock to a rational solution. Dutra is unhappy with the process thus far----claimed he wasn't familiar with
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A: Update on California Legislation---Afternoon of 07.16.01
IN: As discussed on Tuesday, please see the attached draft of an amendment to the guaranty for Iroquois Gas Transmission System L.P. The exsting guaranty terminates on March 31st. Thanks for your help! !

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OUT: Guaranty
IN: This is an email
Just a note to let you know that per my conversation with Tanya, after review by Brent, today I will be sending out am amendment to BMO allowing for the provision of Cash as Eligible Collateral under the ISDA. When we get this in signed I will send my usual email out to the world explaining this amendment, but you may want to think about what procedures you will need to put in place to make sure this happens EVERY time we take collateral in (not to mention, we will also have to pay Canadian counsel to file releases as well , and this will cost us money too! We don't want to have to do this too often.) Anything you want to tell me before I send this out today? !

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OUT: Bank of Montreal
QUESTION: Happy New Year! Just wondering if you had an opportunity to review the CSA and comment. Drop me a line or call 713/853-5620. Thanks. Sara
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ANS: ISDA Master Agreement and Credit Support Annex
The Dean's Office has decided to cancel several of the Spring 2002 electives. This decision was based not only on the very low pre-enrollment in the four canceled courses but also on the low overall "occupancy rate" for all elective courses (still only 46% after the cancellation of the four courses). This low "occupancy rate" was due to the EWMBA having a surprisingly large number of students who graduated in their 5th semester. Approximately 85 students completed their MBA requirements in December 2001. The following are the four courses that were cancelled: E233 Investments, Prof. Shachat E278-3 Business Law, Prof. Ross E296-7 Behavioral Finance, Prof. Odean (If your work schedules permits, you will be given enrollment priority to the day section.) BA/E 278-1 Law& Strategy of e-Commerce, Prof. Tiller Obviously we regret this development, and recognize that this may create a schedule problem for you. Therefore, we'd like to propose the following two registration options: Open Classes If you would like to add an elective that did not fill up during the pre-registration process, reply to TJ tj@haas.berkeley.edu <mailto:tj@haas.berkeley.edu> ASAP, but no later than noon on Friday, January 18th. We will add the course to your schedule. This will ensure that you get priority over the other students who will participate in the ADD/DROP phase starting on January 22nd. Please refer to the attached file to see which classes still open. Closed Classes If you would like to get in to an elective which is currently full, and your original bid for the cancelled course would have been sufficient to get in to the now-full course, we will add you to the course as an over enrollment. Reply to TJ tj@haas.berkeley.edu <mailto:tj@haas.berkeley.edu> ASAP, but no later than 12 noon on Friday, January 18th. Please refer to the attachment file to see which classes are closed. Please Note: Per campus rules, in extraordinary circumstances such as these we are allowed to over-enroll, but by no more than 10% of the official class size. Thus we have a finite number of spaces to work with. Please refer to the size column of the first attached file to see how many seats we have to work with. If more of you want in a class than we can accommodate, we will use original bids as the tie-breaker. Once again, please accept our apologies for the inconvenience. Should you have any questions, feel free to call the office 510/642-1406. The Evening & Weekend MBA Program Office
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answer: *** Spring 2002 Registration Update ***
Regarding the GISB, issues remaining are Section 3.2 Performance Obl. and their Guaranty. We prefer Spot Standard for Section 3.2 however, they argue the Cilco city gate does not have a "Spot Market" . If the city gate is their end user I will give on this point. Tammy is checking on this. The only other issue is their Guaranty to Enron. I have no problem with amending the gty or putting a new one in place. Having said that, I would prefer they draft the amendment. This of course is contingent on credits ok with the change in the gty amount. FYI, I will be out to the office tomorrow afternoon for meetings. If you need me leave a message with my assistant and I will call you back. dp
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answer:
CILCO