1. Market Operations Standing Committee of the IMO Market Operations Standing Committee July 23, 2003

2. Market Operations Standing Committee of the IMO Previous Meeting Minutes June 4, 2003 June 18, 2003 Posted Draft July 11, 2003 for Participant Comment Comment Period Closed July 18, 2003 –No Comments Received To Be Posted as Final

3. Market Operations Standing Committee of the IMO Previous Meeting Minutes - Actions

4. Market Operations Standing Committee of the IMO Committee Reports Regulatory Affairs –No Activity since June 4, 2003 Meeting –Next Meeting - Tentatively September 9, 2003 ITSC –No Activity since June 4, 2003 Meeting –Next Meeting - Tentatively - September 9, 2003

5. Market Operations Standing Committee of the IMO MOSC Sub Committee Reports Settlements –No Activity since June 4, 2003 Meeting Metering – No Activity since June 4, 2003 Meeting –Next Meeting - August 14 2003 & November 13 F&A –Last Meeting - June 25, 2003 Review Q2 2003 18 Month Assessment Discuss Benchmarks for Assessing Wind Generation Capacity Discuss Benchmark for Assessing Fuel supply Adequacy

6. Market Operations Standing Committee of the IMO Other Activities Outage Planning –Meetings June 10, 2003 June 25, 2003 –Sub Committee of MOSC –Working papers to be posted Compliance Guidelines - Failed Transactions –Conference Call June 20, 2003 Next MOSC Meeting - Tuesday August 26, 2003 ?Cancel September 10, 2003?