PJM RTO Order

Attached is a summary of the PJM RTO order. While it is somewhat lengthy,
the order has a lot of good information in it that I wanted to share with the
group, particularly the Commission's statements regarding the existing
configuration of the northeast and the need to expand it.

We are working on summaries of the New York and New England RTO orders and
will have those out shortly. If you would like copies of the orders, just
let us know.

We expect the mediation proceeding to begin within the next week. We will
keep you updated.

Sarah