Jay,  To reconfirm my conversation yesterday with Reid Grossman, a consultant hired  by the referenced counterparty to negotiate their trading documents with us:  1.
PUD #1 would also like to get gas and power trading agreements in place  with us.
Per my conversation with Dave Fuller yesterday, the physical  trading agreements are of a higher priority than the financial trading  agreement.
2.
They would like to get a draft of a collateral annex from us.
Their  suggested trading threshold for themselves was in the $3.5-5mm range.
3.
They would already be in default of the MAC's you sent me in the credit  worksheet dated 1/25/01.
We need to revisit the MACs.
4.
They think a 3rd party debt threshold of $1mm is too low for them, they  suggested a threshold of $10mm.
5.
The agreement provides for annual and quarterly financial statements.
I  don't think they have quarterly.
You need talk to them about what they  can/will provide.
If you would like to talk to Reid directly, his ph no.
is 509/252-5096.
By the way, Reid is an old buddy of Bill Bradford from Reid's Avista/PG&E  days, and Reid sends his regards to Bill.
If you see Bill pass this message  on...

Public Utility District No. 1 of Clark County, Washington
Jay, To reconfirm my conversation yesterday with Reid Grossman, a consultant hired by the referenced counterparty to negotiate their trading documents with us: <NUMBER>.
PUD #<NUMBER> would also like to get gas and power trading agreements in place with us.
Per my conversation with Dave Fuller yesterday, the physical trading agreements are of a higher priority than the financial trading agreement.
<NUMBER>.
They would like to get a draft of a collateral annex from us.
Their suggested trading threshold for themselves was in the <CUR><NUMBER>-0mm range.
<NUMBER>.
They would already be in default of the MAC's you sent me in the credit worksheet dated <NUMBER>/<NUMBER>/<NUMBER>.
We need to revisit the MACs.
<NUMBER>.
They think a 0rd party debt threshold of <CUR>0mm is too low for them, they suggested a threshold of <CUR>00mm.
<NUMBER>.
The agreement provides for annual and quarterly financial statements.
I don't think they have quarterly.
You need talk to them about what they can/will provide.
If you would like to talk to Reid directly, his ph no.
is <PHONE>.
By the way, Reid is an old buddy of Bill Bradford from Reid's Avista/PG&E days, and Reid sends his regards to Bill.
If you see Bill pass this message on...
directly ph place conversation draft collateral annex referenced counterparty physical trading agreements worksheet dated number default mac sent low suggested threshold bradford reid cur 0mm