Board of Governors meeting Jul 18-19, 2007

Board 8) Decision on price validation and correction and standard of liability under market redesign and technology upgrade (MRTU)

Board 9) Briefing on market redesign and technology upgrade (MRTU) and readiness update

Board 10) Briefing on market performance report

Board 6) Briefing on proposal for scheduling requirement until implementation of convergence bidding

Board 3) CEO report and second-quarter update on 2007 annual corporate goals

Board 11) Alternative Dispute Resolution (ADR)/Audit Committee update acceptance of Federal Energy Regulatory Commission (FERC) form one

Board 4) California public utilities commission (CPUC) update

Board 7) Decision on adopting the use of the local capacity reliability study criteria as the local area reliability criteria for reliability must-run (RMR)

Board 5) Decision on congestion revenue rights (CRR) load migration process

Board 12) Potential discussion regarding informational reports