EWEB MAC

ED:

EWEB has requested a blackline of the ISDA and is ready to sign next week.
Your MAC references the "Electric System" which is defined in the Bond
Indenture which I sent to you earlier today. It looks to me like the
Electric System includes physical and intangible assets acquired by the Board
as a separate utility system, including generating and transmission
facilities and the Trojan Project (not sure what this is). I've asked
Stephanie to revise our docs to incorporate these definitions. Please review
the CSA when Stephanie sends it to you (and comment) and I can send first
thing on Tuesday. Thanks. Sara

Stephanie: Please send Ed a copy of the blacklined CSA when you are done.