Canadian Precedent Form of Master Physical Power Agreement

per my voice mail
----- Forwarded by Elizabeth Sager/HOU/ECT on 10/05/2000 10:09 AM -----

Greg Johnston
10/03/2000 03:26 PM

To: William S Bradford/HOU/ECT@ECT, Aleck Dadson/TOR/ECT@ECT, Derek
Davies/CAL/ECT@ECT, Paul Devries/TOR/ECT@ECT, Chris Gaffney/TOR/ECT@ECT, Bill
Greenizan/CAL/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Robert
Hemstock/CAL/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Eric LeDain/CAL/ECT@ECT,
Jonathan McKay/CAL/ECT@ECT, Mark Powell/CAL/ECT@ECT, Elizabeth
Sager/HOU/ECT@ECT, Laura E Scott/CAL/ECT@ECT, Andre Templeman/CAL/ECT@ECT,
Garrett Tripp/TOR/ECT@ECT
cc: Rob Milnthorp/CAL/ECT@ECT, Peter Keohane/CAL/ECT@ECT
Subject: Canadian Precedent Form of Master Physical Power Agreement

Please find attached for your review the most recent form of the above
agreement, blacklined to show the changes to the previous draft distributed
to you. I believe that we have now settled on the form of the agreement, but
there remain a few commercial issues which we will be resolving in the next
week or so. If anyone has any final comments on the form, please communicate
them to me as soon as possible. I would also like to have any input from Rob
Hemstock and Aleck Dadson on any particular issues relating to market
operations in Ontario or Alberta. I also need someone in the Toronto office
to provide me with the definition of "Interval Meters" that I have included
as a potential delivery point. I have left that definition as a bullet and
we will need to fill it in or remove it, if the latter makes more sense.
Finally, once the last few business issues are resolved next week, I would
like to set up a call with Jeff Hodge and Elizabeth Sager to obtain final
internal legal approval on this agreement so that our commercial people can
commence marketing the paper to potential counterparties. Mark Powell will
be using this form of the agreement in conjunction with the current ENA form
of physical power GTC to prepare a Canadian form of physical power GTC that
may be used to transact physical power transactions of less than one year in
duration with counterparties with whom we do not have masters in place.

Thanks

Greg