IN: This is an email
This may appear to be somewhat of a random email, but I assure you there exist some semblence of reason. I remembered you mentioning that neither you nor Pat have ever made a pilgramige to Blanco's. So...I thought I should let you know that there is live music and cold beer on tap tonigt at the Big B. Anyway it should be pretty good. Music starts at 9:00.

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OUT: FYI

IN: This is an email
Got your message re: reverse auction all of the utility's demand. Getting (interestingly complicated), though. Now, the utilities want to create a "core/noncore" split in electricity, like in gas (where large gas customers can't take commodity from the utility). With a core/noncore split, Edison claims that QF contracts, nukes and other existing generation that it still holds is sufficient to meet "core" needs and it therefore may not need "contracts." As you can imagine, large customers ain't clamoring to get thrown into the market as "noncore" customers right about now. But they may find themselves without a choice. I talked to Calger on Friday about reverse auction versus benchmark and I'll be talking to the traders about it this afternoon, and we'll be discussing further when Rick, Steffes et al are here tomorrow. Will let you know where it goes. Best,

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OUT: Reverse Auction

IN: This is an email
Paul, Attached is the most recent versions of the above-referenced agreements which incorporates the changes you negotiated with our Credit Department. There was one additional change to the Master Agreement to Section 4.2(ix). I have also attached the letter agreement which cancels the physical gas deals for April. Please review and give me your comments. Stacy

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OUT:
Most Recent Version of the Master Agreement and Transaction Agreement