SMUD

---------------------- Forwarded by Sara Shackleton/HOU/ECT on 10/28/99 08:55
AM ---------------------------

From: Stewart Rosman 10/27/99 07:02 PM

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: SMUD

Sara -
SMUD gave us their version of the ISDA agreement about 6 weeks ago and I am
still waiting for comments. I believe Susan Flynn is working on it and I
thought we would get comments by this past Monday. They want to start doing
financial gas and power swaps and I would really like to wrap up the legal
contract side of things. Can someone please call or email me and tell me the
status.

Thank you (503-464-3810)

Stewart