MRW Consultant

Spoke with Bill Munson and Roger Yang of MRW

Scope of project would be rate forecast for PGE and SCE industrial/commercial
class customers for 24-36 month period providing alternate scenarios for
certain issues - MRW will provide assumptions Friday morning.

Cost - Close of Monday deliverable - $10k
- Thursday - $7k

FYI - Submitted RCR for $25K

With respect to determination of "Net Short" generation cost - MRW suggested
generation cost be allocated on a cost incurrence basis (no subsidies) and
that we agree as to mix of DRW portfolio and utilize Enron forward curves to
price out

Provided to MRW utility tariff schedules that majority of positions are
under. Need to determine if we want an individual rate projection, average
rate class projection or benchmark projection (%increase).