Info on Response to the EOB Subpoena and Price Caps

Talked to a couple of people on this today.

Elena Schmid, ISO VP of Strategic SOmething, said that the ISO wants to know
right away if the subpoena will be challenged in court. If so, the ISO will
not submit the info to the EOB.

I talked with Rob Lamkin, VP Southern, to see if he knoew anyone who planned
to initiate a court challenge. He said he didn't.-- he said that Southern had
sent a letter to the EOB and ISO yesterday, asking for an extension to the
deadline and requesting a meeting to sit down and talk about how to maintain
confidentiality. He said his attorneys believe that the EOB's subpoena
authority is "questionable" but that Southern didn't want to have a fight
about it in court.

On price caps, Rob also mentioned that he had heard that Greg Blue (Dynegy)
was going around trying to get a group together to support a motion for $250
!! He said that Richardson (DOE) told the WAPA Board member not to support a
lower price cap. (but then, someone else told me the opposite -- I'll let you
know if I hear more on that).

We still have Enron people working on four Board members to see if we can get
one to turn.