Mark -
Unfortunately we have been playing phone tag last week so I figured it would
be easier to communicate by email. I am a bit confused as to the process
when I have financial legal issues (ISDAs etc...). In the past I have
assumed Sara is the West Power lawyer for all issues but it seems as if there
has been an escalation in activity throughout the company and she is
overwhelmed. I think our group needs one person who can turn around issues
pretty quickly (sometimes on the trading side we are given very little lead
time). I feel pretty comfortable about my ability to turn around issues
concerning pricing, physical legal issues, credit and confirms since I know
who represents us. I do not have the same feeling with financial stuff. I
think a good example of this is the recent SMUD weather transaction. We had
several months to get an ISDA signed yet there is now a time issue to get it
closed prior to the beginning of the transaction. I myself was not aware the
deal was going to get completed or I would have notified the appropriate
lawyer. However, I think the ISDA process was bounced around to several
people and I ultimately got frustrated and stopped following up (partially
because the deal was headed by the weather deak and Gary Taylor).

I would really like to go to one lawyer who covers financial and physical for
the west (ie Shari Stack) if that is possible but I would welcome any
feedback you could give as to how we can improve the process going forward.

Stewart