IN: This is an email
This provision is an election which we have added to the Schedule for governmental entities. I believe that it is intended to eliminate any confusion that historically arose during the debate between "First Method" (one-way payments) and "Second Method" (two-way payments) for Early Termination purposes. Although I can't find a good reason to continue to use this provision with an ISDA (except that it emphasizes the point), I can understand why we may have added it to a pre-ISDA agreement with a governmental. The only example that I could locate was our September 21, 1995 Master Agreement with Reedy Creek Improvement District. For those of you who have never seen this form, it was one of the two types of master agreements developed by ECT before we became conversant with ISDA. Because these forms didn't contemplate municipal counterparties, we had to add many of the ISDA U.S. Municipal Counterparty Schedule provisions. The Part 5(b)(k) provision originally appeared in this early agreement. It was included in the "Event of Change" section [5F(4)] (which is tantamount to the ISDA concept of "Illegality", a "Termination Event"). I think it was probably included because in the ISDA, Second Method is the automatic payment method if the parties fail to make a specific designation for Early Termination purposes, but there isn't a comparable provision in the old ECT form.

What is the subject?

OUT: "Termination Payments" - Part 5 (b)(k) to the ISDA Master Agreement

IN: This is an email
On September 4, 2001, the New York Independent System Operator, Inc. (NYISO) filed revisions to amend Attachment F of the NYISO Market Administration and Control Area Services Tariff to extend the duration of its currently effective $1,000/MWh Bid Caps on certain NYISO-administered markets; and amend Attachment Q to the NYISO's Open Access Transmission Tariff and Attachment E of the ISO Services Tariff to extend its Temporary Extraordinary Procedures for Correcting Market Design Flaws and Addressing Transitional Abnormalities. If you need further information please let me know. Susan x30596

What is the subject?

OUT: NYISO filing (ER01-3001-000)

IN: This is an email
Sami: Attached are the most recent ENA power trading agreements. Parts of the agreements may be useful to you and/or Jose Emilio (or whomever you are working with). Tozzini began with the earlier ENA template. Please forward any translated trading docs to my attention. Thanks. Let me know if there is anything else I can do. Sara

What is the subject?

OUT:
Revised U.S. Wholesale Power Bilateral Master Agreement