QUESTION: Greetings: Are we supposed to do the reading and the Oracle and Legal Services cases for Thursday? Syllabus says yes, but I gather from Tasker's Izio not that we'll be in the computer center all class doing modeling. (I'd email her, but she doesn't get my emails apparently.) Anyone have a clue? Best,
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ANS: Assignment for Thursday

QUESTION: Hi Kari: I know that you and I are both swamped, so I'm writing very briefly to give you a brief update. But first, thank you very much again for meeting last week. Greatly appreciated, and look forward to working together to help in any way I can to find solution that is acceptable to all. Here's the update: Our "subcommitte" is meeting tomorrow to try to close the deal on a proposed solution. It focuses on 3 key areas: Using the utilities retained assets to moderate prices. Designing a framework for forward contracting that strikes a much more appropriate balance in CA between state oversight and the need for utility flexibility. Rate stabilization/Undercollections (utility solvency) I will update you tomorrow on the group's progress. If thing's go according to plan, we may be in a position to submit something to you a early as Monday. If there's a deadline from your end that I ought to be aware of, let me know and I'll incorporate it into the subcommittee's work plan. In the meantime, if there is anything at all that I can do to help, please don't hesitiate to contact me. Thanks again and all the best,
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ANS: Quick Update

QUESTION: We have received copies of a Certificate of Merger filed with the Delaware Secretary of State on 12/22/00, effective 12/31/00, wherein El Paso Merchant Energy-Gas, L.P. (Global Counterparty #72297), a Delaware limited partnership, merged with and into El Paso Merchant Energy, L.P. (Global Counterparty #53350), a Delaware limited partnership, with El Paso Merchant Energy, L.P. (Global Counterparty #53350) as the surviving corporation. By virtue of this merger, the ISDA Master Agreement dated 12/01/99 should now reflect El Paso Merchant Energy, L.P. as the Counterparty. In connection with this merger, Credit will be getting a new parent guaranty from the Counterparty. Upon its receipt, copies will be distributed. Copies of the Certificate of Merger will be distributed.
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ANS:
Merger - El Paso Merchant Energy, L.P.