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January 17, 2003
WPS Energy Services Elected to NEM Executive Committee

NEM is pleased to announce that WPS Energy Services Inc. has been elected to the Executive Committee. WPS Energy Services Inc. offers nonregulated natural gas, electric, and alternate fuel supplies as well as energy management and consulting services. WPS Energy Services Inc. will be represented by Mark A. Radtke, President, Dan Verbanac, Senior Vice President, Boris A. Brevnov, Vice President - Asset Management, Betty Merlina, Vice President - FSG Energy Services Division, and Marc D. Hess, Power Marketer, within NEM.

NEM Winter Executive Committee Meeting to Be Held in San Diego on January 16 and 17, 2003

NEM's Winter Executive Committee Meeting was held last week in San Diego. Many thanks to Sempra Energy Solutions for hosting the meeting. Executive committee members identified and prioritized key federal and wholesale, retail, and technology issues for NEM address in the coming year. The full text of the Executive Committee Meeting minutes are available from NEM headquarters.

NEM's Annual Membership Meeting and National Restructuring Conference for 2003 - Invitation for Speakers, Sponsors and Exhibitors

Next year’s Annual Membership Meeting and National Restructuring Conference will be held April 3 and 4, 2003, at the Hyatt Regency on Capitol Hill. We have arranged for additional space to accommodate more attendees with a special room for exhibits and added sponorship opportunities. Breakfast and all breaks will be in the exhibition room that is adjacent to the general session. The Agenda is hotlinked here for your convenience. A registration form is hotlinked is hotlinked here for your convenience.

Members who wish to be speakers, sponsors or exhibitors should contact headquarters immediately. Government officials and PUC commissioners have already RSVP'd.

NEM Member Opportunity

NEM members have been extended a special offer to receive a 20% discount on a new book entitled, "Power Market Risk: How to Survive (& Prosper) in Crazy Times." The book is designed to help power market executives become knowlegeable about risk management principles and practices. The full text of the Special Offer is available on the NEM Website.

NEM Member Opportunity

NEM has been approached by the Power Trading Corporation (PTC) of India to meet and discuss power trading issues. PTC is a newly formed organization with the responsibilities of purchasing and selling power and interregional transmission in India. PTC would like to promote the exchange of power with neighbors and develop a power market in the future. PTC will be in the Washington, D.C. area on January 29-30, 2003. NEM members interested in meeting with PTC should contact headquarters ASAP.

Conference Call for NEM Taskforce on Credit, Risk Management and Financial Accountability

NEM will convene a conference call of the Taskforce on Credit, Risk Management and Financial Accountability on January 27, 2003, at 2PM EST. The purpose of the call is to finalize the work of the Taskforce entitled, "Solutions to Improve the Creditworthiness, Reliability, Transparency and Financial Credibility of the Energy Industry." The dial in number is 703-788-0600, and the passcode is 209353.

NEM Brief in Detroit Edison Stranded Cost Proceeding

NEM submitted a reply brief in the Detroit Edison stranded cost charge proceeding continuing to urge the Commission to implement a competitively neutral stranded cost recovery mechanism. NEM noted that the uncertainty created by the current year-to-year calculation of stranded costs, assessed solely against retail access customers, deters competitive marketers from entering the market. NEM explained in its Brief how implementation of a competitively neutral stranded cost charge will avoid a "retail access death spiral" whereby customer return to utility service causes a diminishing population of retail access customers to shoulder the burden of stranded costs. NEM also urged that net stranded benefits should be carried forward to offset net stranded costs. NEM also argued that, in the absence of a competitively neutral stranded cost charge mechanism, the securitization and tax charge credit as well as equalization credit should continue to be used to offset net stranded costs of retail access customers. The full text of NEM's Brief is available on the NEM Website.

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