Revised Draft Briefing Outline

Good evening all:

Attached are (1) a revised clean draft of our ongoing briefing outline and
(2) a redlined version of the outline.? A few notes:

I have not yet prepared Appendix A, the definition of Net Undercollected
Amount.? It would be useful for Ann to make sure that the defined term in the
MOU still works in this context.? Ann, would you please put together the
Appendix for inclusion?

Jeff Dasovich has committed to providing a criterion for determining when the
retail market is viable.? This is a very important issue both to large
customers and, I would assume, to ESPs.? We look forward to hearing from Jeff
on Monday on this point.

We have no new information from the "coming and going" subcommittee, but look
forward to including that information when available.

Customers (perhaps both large and small) would be well served to get together
to talk about the Interim Rate Relief section.? I'm not sure whether I've
fairly captured the discussions (or whether the discussions were clear enough
to capture).? At a minimum, this effort should move us one step closer to
identifying the competing proposals.

Enjoy your weekend!
- Draft Issues Outline 061401 (redline).doc