Q: Subject: Snow This had most of the state of Michigan laughing for 2 days and a very embarrassed female news anchor who will, in the future, likely think before she speaks. What happens when you predict snow but don't get any.... True story...we had a female news anchor who, the day after it was supposed to have snowed and didn't, turned to the weatherman and asked "So Bob, where's that 8 inches you promised me last night?" Not only did HE have to leave the set, but half the crew did too, they were laughing so hard!
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A: Snow

Q: We have not decided "to prevent any regulated utility from completing any financial transactions" online. If we have already satisfactorily concluded the necessary due diligence with respect to a particular utility, they will be approved. It is only with respect to those utilities which have not yet been researched that we are withholding approval. The due diligence required involves asking the utility for certain information concerning their organization and regulatory situation, hiring local counsel in the relevant state and having research done into the laws and regulations in place there and into any public utility commission orders respecting the particular utility in question, and on occasion requesting an opinion letter from the utility's counsel. We usually begin that process only when a trader believes there is a likelihood of a sufficient volume of trading with the utility to justify the time and expense. FYI, the due diligence process has in the past revealed circumstances which prevented the utility from trading derivatives or required actions to authorize such trading which had not been taken. A recent count showed about 10 executed master agreements and another 30 to 40 in one stage or another of the due diligence/negotiation process. Louise Kitchen
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A: Online Derivatives Trading with Regulated Utilities

Q: I've found a great website to check on utilities (trying to figure out if a counterparty is one, or whether its a governmental one). It's at www.utilityconnection.com. It even has non-U.S. utilities. When you have a minute, give it a look.
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A: Great Web Site

Q: Hi, Kristin. I guess we got our wires crossed last Friday about lunch. Sorry about that. He told me that you guys have rescheduled for tomorrow (Tuesday) at 12:30 p.m. and that you will meet him there. I'll make a reservation at Carrabas on Kirby in your Dad's name at that time. Please let me know if you have a conflict. Thanks, SRS PS - I also have you down for lunch with your Dad on Friday, November 10 - do you have it down, too?
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A:
Lunch with your Dad tomorrow...