I attach a summary of the 11 outstanding ECC transactions under ECC's GTC:



In summary, the principal risks are:

Principal Risks:

1. Unexecuted Confirmation Letters on approx. 75,000 GJs per day
2. Receivables (approx. US $25MM pre-petition and approx. US $300K per day 
post-petition)
3. MTM (aggregate negative MTM approx. US $1.9MM)

Please note:

1. I am trying to track down PG&E's back-up paper sent for each deal and will 
update the chart to indicate the differences to their GTCs.  We have found 
only one corresponding PG&E Confirmation Letter (for TAGG #N13588.1/2/3) 
which refers to PG&E's form of unexecuted Master Agreement.  I have 
summarized at the end of the chart the applicable provisions of PG&E's Master 
Agreement form if it were to govern.

2. I have not been successful in tracking down Canadian insolvency counsel 
over the weekend, but will keep trying.