Approach: Steps taken by team to draft White Paper. 1. Draft detail outline following Credit Transactional process. (completed) 2. Parse outline into sections to be drafted by smaller groups. (completed) 3. Populate sections with existing materials from extensive CCRO archives. (in process) 4. Draft sections & review by CCRO (in process) Sections: Team Demographics: • Large Group, 20 team members • Representing 17 different energy companies: 4 Oil, 3 Nat Gas, 2 IT, 1 power, 1 trading, 1 financial, 2 consulting, 2 credit insurance, 1 legal • Recently reached agreement with IECA to collaborate on paper. IECA will help market to their members & designate 3 people to help in the drafting process. Sub-groups: Groups with some unique credit characteristics which may not be entirely applicable to the wider energy industry. • Oil: Global Market, Sovereign Risk , Private International Counterparties, Long Standing Contractual Practices, Regional Collateral Std. • Renewables: Illiquid Pricing, Heavily Influenced by Regulatory Policy, Long Term Fixed Pricing, Many Below Investment Grade Counterparties Project Update Ying Hall Nikki Bufford Chris Jackson Pat McKinnon In Progress Kevin Kindall Phil Roan Steve Brown John Berger In Progress David Klien Roderick Austin In Progress Tom Birmingham Alan Badp In Progress Miguel Correa John Gorman Craig Enochs Nithya Venkatesan Christian DeStantis Patel Pritesh Mike Deluca In Progress Need People Pending