Review Procedure for Power Contracts

Genia

Can you please forward this to all lawyers in the power trading group.

Thanks

----- Forwarded by Elizabeth Sager/HOU/ECT on 10/30/2000 01:28 PM -----

Mark E Haedicke
10/25/2000 02:30 PM

To: Alan Aronowitz/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT, Lance Schuler-Legal/HOU/ECT@ECT, Travis
McCullough/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT,
Richard B Sanders/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Julia
Murray/HOU/ECT@ECT, Peter Keohane/CAL/ECT@ECT
cc: Janette Elbertson/HOU/ECT@ECT
Subject: Review Procedure for Power Contracts

Effective today, there is a new legal review procedure for physical power
contracts that are individually negotiated, with a term longer than one
year. Please notify me (Janette will maintain a list of contracts,
counterparties and status) when drafting starts on such power contracts and
provide me with a draft with sufficient time to make comments prior to
closing. My objective is to insure a consistent approach on these power
contracts. Thanks for your cooperation in this matter. Please forward this
memo on to the lawyers on your team.

Mark Haedicke