Tim and Kevin,

Just some bullet points to talk through with respect to this "commercial plan" for NETCO.



Customer Responsibility:
- Counterparties ranked by deal volume
- Region, marketer, trader and attorney assigned to each counterparty
- Contract Plan for each of the top 50 counterparties

Regulatory:
- FERC License
- WSPP and Pool Arrangements
- Other

Communications:
- Talking Points and Q&A for customers
- Press Release
- Customer Calls
- Customer Visits

NETCO Online:
- Access Applications
- GTC
- Product Offerings

Contracting:
- Credit terms - lines, collateral (cash vs lc)
- GTC vs Master
- Form of Master (WSPP vs EEI)
- Coordination with Gas

Product Introduction:
- Financial vs Physical
- Term
- Swaps and Options

Overall Timing:
- Project Flow Chart
- Customer and Deal Volume Objectives




Chris Calger
503-464-3735