IN: I spoke with Dick Vincent who indicated that we will have no problem obtaining 12 mos renewable business interruption insurance when we go operational on gas. This should solve the warranty issue with the banks because it covers defects, design, and workmanship on the turbines and includes lost profits, etc. Incidentally, for insurance purposes the turbines are designated DE3 which is not a new technology designation. Typically we will always have this coverage in place but if their is a supplier warranty then the party providing the warranty pays ahead of the insurer. In the case where the supplier does not pay or the warranty has ended then the insurer will pay. Now we just need to come up with a fix for the drop dead date. Regards,

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OUT: Warranty

IN: MRyanTaber@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List: Dear Congestion Reduction Task Force Members, The October 4th Congestion Reduction Task Force Meeting is being postponed in order to accommodate a joint meeting of the S&P and Market Structure working groups on that day. A new date will be selected in the near future and a notice sent out to participants on this task force. Regards,

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OUT: NYISO Congestion Reduction Task Force Meeting, October 4, 2001, CANCELLED

IN: I thought you might enjoy this. You should have seen Michael's eyes while he was riding in that Mercedes convertible yesterday. He was speechless, and you know how rare that is! I suspect we will be hearing about it now... Kay

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OUT: Michael

IN: Alan, Further to our conversation, attached is the final version of the Spot Purchase/Sale Agreement. Please sign two agreements and return same to my attention at the location listed below. Upon final execution, I will forward an original for your records. Should you have any questions and or comments, do not hesitate to give me a call. Best regards,

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OUT:
Master Spot Purchase/Sale Agreement