Revisions to original presentation are in "Red"1 Available Flow-gate Capacity Stakeholder Kickoff Meeting January 19, 2005

Revisions to original presentation are in "Red"2 Discussion Today Introductions Objectives of stakeholder process Ground rules Process for conducting stakeholder meetings Define and prioritize AFC stakeholder issues Status of Scenario Analyzer and stakeholder feedback Meeting schedule, frequency and location(s) Next Steps

Revisions to original presentation are in "Red"3 Objectives Improve the AFC process through stakeholder input Draw from stakeholder experience in other regions Ensure there is a consistent understanding of the AFC process by all participating stakeholders Make changes to the AFC process to improve the overall quality and transmission customer satisfaction where possible

Revisions to original presentation are in "Red"4 Ground Rules Ongoing dockets at FERC will prevent the discussion of certain information and issues Initially limited to those issues outlined in FERC’s AFC Order Issues discussed can be expanded if FERC agrees to Entergy’s proposal to conduct an audit of the AFC process as opposed to conducting a hearing The overall set of recommendations will be synthesized to determine which changes can be implemented as well as the overall implementation costs, and the time required to make the changes. The final set of recommendations chosen for implementation will be reviewed with stakeholders including the timeline for implementation and the projected cost to implement, as well as any required regulatory approvals

Revisions to original presentation are in "Red"5 Stakeholder Meeting Process Should each issue be discussed in an open forum with all stakeholders?, or Should certain issues be identified for discussion by small breakout groups who will report back to the larger group? Should specific time limits be placed on each issue discussion or speakers to ensure that a single issue or speaker does not monopolize the meeting schedule? Others?

Revisions to original presentation are in "Red"6 Define and Frame Issues Mark and Uma

Revisions to original presentation are in "Red"7 Meeting Schedule Frequency – every three weeks? Yes on Wednesdays except for the first meeting which will be scheduled 4 weeks from the kick-off meeting due to Mardi Gras. Duration of meetings One day, 9AM – 3 PM Location: Houston Develop Meeting Calendar Issues to be discussed and time allotment Meeting calendar will be finalized once Entergy receives prioritized list of issues from stakeholders.

Revisions to original presentation are in "Red"8 Next Steps Entergy will issue the draft stakeholder process and timeline based on the set of issues framed by stakeholders in kick-off meeting Entergy will forward Stakeholder Kick-off presentation to stakeholders. Stakeholders agreed to provide comments via on the proposed stakeholder meeting process, objectives and ground rules. We will review and finalize at the next scheduled stakeholder meeting. Entergy will forward issues list to stakeholders for review and prioritization for discussion in the stakeholder meetings. Stakeholders will provide prioritized list via one week from date of issuance of from Entergy.