In re: ISO Restructuring Trust and PX Restructuring Trust

Application No. 96-07-001
Appointment: Trustee by Public Utilities Commission of the State of California
1997: Trustee is financially responsible to pay ISO/PX corporations' expenses, trust administration expenses; hold notes and supervise draw down requests of corporations; administer loans totaling $250 million to the Trust; and wind down the Trust financial activities. Extensive interaction with the corporations' Chief Executive Officers and Chief Financial Officers.