Stan,
I plan to participate on tomorrow's conference call on your behalf. 

I met with Rae earlier today and had a quick preview of this document.  The 
crux of the recommendation is that Rae would like to take a procedural vote 
at the March 2 Board meeting on whether the Board intends to move forward 
with pursuing retail standards.

If the procedural vote is "yes," then she is proposing to have Jay Costan and 
Bill Boswell start drafting the governance documents.  I mentioned that I 
would like to participate in reviewing the Bylaws and Certificate as your 
representative.

I think that the attached backround and Feb. 14 meeting summary is fine.  I 
have lots of thoughts on the possible organizational structure document -- 
but these are probably best saved until the Board votes on its intentions.  
I'd say the procedural vote is too close to call at this point.   Rae reports 
that Warren Mitchell of SoCal Gas, Reliant, End-Users and a number of state 
commissioners are firmly behind moving forward. 


---------------------- Forwarded by Shelley Corman/ET&S/Enron on 02/23/2000 
02:09 PM ---------------------------


GISB1@aol.com on 02/23/2000 01:46:41 PM
To: william_p_boswell@corp.cng.com, shorton@enron.com, scorman@enron.com, 
jbuccigross@skippingstone.com, buccigj@yahoo.com, novakm@natfuel.com, 
Jrtemplton@aol.com, jmcostan@mwbb.com, Gisb@aol.com, 
keith-sappenfield@reliantenergy.com, GISB4@aol.com, lstewart@pacent.com, 
mwp8246@idahopower.com, nancy_laird@pcp.ca, tp4lms@socalgas.com
cc:  

Subject: Draft GISB Report to the Board of Directors and Task Force 
Conference Call


Dear task force members,
Attached please find a draft report for us to discuss at the upcoming
conference call.  Also attached is a recent article in "Restructuring Today."
 I was given permission by "Restructuring Today"  for a limited distribution
of this article to this task force.  Rae

 - task force summary.PDF