Message-ID: <13131629.1075861070528.JavaMail.evans@thyme> Date: Thu, 7 Mar 2002 10:42:02 -0800 (PST) From: theresa.hess@enron.com To: shelley.corman@enron.com Subject: NAESB Certificate - Budget Deficit Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Hess, Theresa X-To: Corman, Shelley X-cc: X-bcc: X-Folder: \Shelley_Corman_Mar2002\Corman, Shelley\Deleted Items X-Origin: Corman-S X-FileName: scorman (Non-Privileged).pst According to the Certificate changes, which are filed with the state of Delaware, Article VII, Section 1 was deleted in its entirety and replaced. The replacement language is consistent with the latest copy that I gave you earlier today. In this same filing, a change was made to Article V, Section 6. It states that the determination of how to fund a budget deficit will be made via a super majority vote of the Board. The language is: Section 6. A vote of at least seventy-five percent (75%) from the Board, including an affirmative vote of at least forty percent (40%) from the Directors representing each Segment within each Quadrant, shall be required to determine how to fund a budget deficit or to establish or modify a promotional dues program. The filing is dated August 3, 1998.