Q: Attached are redlines. Please review. Susan will be out of the office on Mon. and Tues. of next week, so we need to get this to her asap.
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A: Revised CSA and Termination Agreement

Q: Attached, please find the 2001 ISDA Cross-Agreement Bridge, blacklined against the last version you received, dated July 26, 2001. In addition, please find a copy of the Commentary on the Bridge. As many of you know, various working groups prepared amendments to the ISDA Master Agreements to be effected through the use of a 2001 ISDA Master Agreement Protocol. In connection with this effort, the Structural Issues Working Group prepared the Cross-Agreement Bridge. Following meetings of the Strategic Documentation Review Task Force in late July and discussions in August and September, it was felt that the Protocol approach was too complicated, from an operational and logistical perspective, given the nature and the number of the proposed amendments. Accordingly, it was decided that the four euro annexes would be separated from the Protocol and compiled in their own 2001 Euro Protocol. The 2001 Euro Protocol is now available on our website and the adherence period ends on November 30, 2001. Annexes 1 to 9 of the Protocol have been prepared as a Form of Amendment to the ISDA Master Agreements. The Form of Amendment, and the Commentary, will be published on ISDA's website late this week or early next week. Work is scheduled to begin on a new Master Agreement and kick-off meetings to discuss the new draft Master Agreement will be held in London later this year. Details will be announced to the Documentation Committee soon. As for the Bridge, it was felt that we should publish this on our website as well. Accordingly, I have attached the drafts for your review. Please note that the "option to disapply" was deleted in this draft, primarily because the version of the Bridge considered by ISDA's netting counsel in late 2000 did not include such an option. I would be grateful if you could review the attached documents by Friday, November 2. I would like to publish these on our website on Monday, November 5. Please do not hesitate to contact me at 212-332-1203 if you have any questions. Thank you very much for your consideration. Kimberly Summe - Marked up version.DOC - Commentary on Cross-Agreement Bridge.DOC
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A: ISDA Cross Agreement Bridge and Commentary

Q: Before I took on the ERCOT responsibilities, I was working with other EPSA members in preparation for the upcoming DOE sponsored forum to develop a wholesale electric standards setting organanization. Since my move, it is likely that I will not be attending this workshop. I have been an instrumental part in pushing for the formation of the wholesale electric quadrant of EISB. Although I have not committed to making a presentation at this workshop, there was a possibility that I would be speaking on behalf of EPSA. The meeting is a critical juncture for the EISB vs NERC showdown. NERC will likely present its latest restructuring proposal which includes a 9 sector model. I and other EPSA members have been advocating much fewer sectors for EISB. A key point of the NERC proposal is that it may be able to accomodate an EISB approval process for standards. This is imporatant in that it may be able to resolve the dichotomy between NERC expertise/infrastructure and EISB's reknowned (including FERC) consensus building process. NERC could retain its standards development expertise, however, lose its biased voting process. I think it is important to have coverage for this meeting, either, by someone on the NERC team or someone close to NERC in Washington. The likely outcome of this meeting is a solidifying of industry support for either the NERC approach, or a clean slate EISB approach. Jim would like for us to have a conference call to discuss. I am available Monday, Wed, and Fri. Charles X30348
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A: DOE Meeting Dec 7th

Q: Experience the best of the oil and gas world at SPE 2001: An E&P Odyssey. This premier industry event, SPE's Annual Technical Conference and Exhibition, will be held on 30 September - 3 October at Ernest N. Morial Convention Center in New Orleans. Professionals from around the world attend to advance their careers through 13 technical discipline tracks Eight one-day and ten two-day short courses Presentations by industry leaders including the Opening General Session , "The Global Oil Industry in the 21st Century," which features speakers such as Harry Longwell, Senior Vice President/Director of Exxon Mobil Corp., and Nader Sultan, Deputy Chairman and CEO of Kuwait Petroleum Corp. Establishing relationships with more than 8,000 participants 400 leading-edge E&P companies in the exhibition hall Hands-on demonstrations of SPE products and services at the SPE Pavilion Networking opportunities at the Annual Banquet and the President's Luncheon Register now to be part of SPE's premier event!
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A:
Experience the best of the oil and gas world at SPE 2001