RE: EPMI's FRCC membership

I'm fine with it.

-----Original Message-----
From: Steffes, James D.
Sent: Monday, January 28, 2002 1:09 PM
To: Nicolay, Christi L.; Presto, Kevin M.; Racicot, Paul; Nord, Sue; Will, Lloyd
Subject: RE: EPMI's FRCC membership

No issue from my end.

-----Original Message-----
From: Nicolay, Christi L.
Sent: Monday, January 28, 2002 11:33 AM
To: Presto, Kevin M.; Racicot, Paul; Steffes, James D.; Nord, Sue; Will, Lloyd
Subject: EPMI's FRCC membership

Dick Basford (formerly, a consultant for Enron on Florida matters) called me with a recommendation that EPMI withdraw from FRCC membership before EPMI is invoiced in February for $5750 (1/4 of annual dues of $23,000). There is no pre-notice period for withdrawal and Dick feels that it would leave the FRCC relationship in a better light if EPMI withdraws, rather than not paying the invoice. I tend to agree if EPMI has no further ongoing interests in trading in Florida.

UBS trading can make an application and join at any time, without an initiation fee.

Kevin/Paul--Is it ok for EPMI to withdraw? If so, I'll draft the letter.

Thanks. Christi 37007