Problem: BODY: Jeff, I enjoyed visiting with you, Lou, and Greg last week. I haven't heard anything back, and so wanted to check in to see if it's appropriate to schedule a follow up phone call. I am leaving for Europe on June 30 and will be gone for 10 days, so hoped to hear something before then. Thanks.
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A: SUBJECT: Follow up

Problem: BODY: In the last several weeks several areas have come up where the TW commercial team could, in my opinion, use some clear written guidance on gray areas under the tariff ought to be interpreted. Here is my list. Please add items if I've missed any. 1. When can TW "selectively market" available capacity? I.e., if capacity is on the board as available, and no one has bought it, are there any limits on calling up a customer, or a group of customers, and pitching a deal? I think we have a lot of discretion here--after all, using the telephone to
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A: SUBJECT: TW

Problem: BODY: I have reviewed Tana's list of North American utilities and have the following comments: (1) I have tried to eliminate all governmentals and regulated entities. However, I suggest that we ask Kevin Leitao to take a quick review for obvious errors. (However, I don't want Kevin to prepare unlimited research on our behalf. I'll discuss with him). (2) I suggest that we ask Canadian counsel to review Canadian utilities on authority/regulatory issues. In my experience, Canadian outside counsel was reluctant to even comment on utilities located in provinces other than outside counsel's domicile. (3) The online omnibus does not contain the ISDA Section 3(c) rep as to absence of litigation. This rep drags in governmental bodies and all agencies (hence, a state PUC). Thus, online parties will rep as to authority to transact each time they trade but we will not know about potential PUC issues. (Under the ISDA, a party would have to notifiy us of a "Regulatory Development" and we may have an Event of Default for failure to notify; we may also have a Termination Event under our current format).
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A:
SUBJECT: IOU's: Online Trading