Re: Legal strategy for summer in the west

Thanks. Please don't hold up the meeting for me but if possible I will
attend. Mark

Christian Yoder
03/07/2001 12:20 PM

To: Elizabeth Sager/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT
cc: Tim Belden/HOU/ECT@ECT, Steve C Hall/PDX/ECT@ECT
Subject: Legal strategy for summer in the west

Tim agrees that a half day legal strategy session about the pending summer
melt down should happen sooner rather than later. I understand that Richard
and Elizabeth are scheduling a trip to Portland for the first week in April.
I will coordinate their schedules with Tim's and tie down the details.

Here is what I intend to do in the meantime. Any thoughts or comments would
be appreciated:

Get our major summer trading positions identified and get the contractual
underpinings organized. This is something that Kim Theriot's group can help
us with.
Meet with our fundamentals leader and our head scheduler to try to
understand as much as we can about how shortage scenarios might unfold and
what power flow behavior at the key delivery points might look like.
Meet with Steve Walters of Stoel Rives to get his mind focussed on big
picture early positioning moves we might wish to take with BPA.
Get Marcus Wood to help us refine our understanding of BPA Surplus firm and
Excess Federal Power and how BPA might reasonably be expected to act with
respect to each.
Get credit to figure out if there is anyway we can get BPA to post a large
amount of LC collateral to us.
----cgy