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2005 ISO Financial Statements and FERC Form 1 for 2005 and 2004 Memo

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Summary:

2005 ISO Financial Statements and FERC Form 1 for 2005 and 2004 Memo presented by Mike Epstein at the April 19, 2006 Audit Committee meeting

Extract:

This memorandum requires Board action. Management has prepared the financial statements of the ISO and FERC Form 1 in accordance with generally accepted accounting principles (GAAP) for the years ending December 31, 2005 and 2004 and PricewaterhouseCoopers has substantially completed their audit. The draft financial statements of the ISO and FERC Form 1 are attached for your review.

Document Locations:

• Audit Committee Meeting 19-Apr-2006