Specifications include, but are not limited to: As directed by the commission’s designated representative, hold discussions with the transaction’s book-running senior manager to fully understand the type of security that is to be sold. • Hold discussions with the commission’s designated representative to understand the commission’s objectives and the pricing considerations consistent with those objectives. • As directed by the commission’s designated representative, participate in conference calls with ERCOT, underwriters, the commission’s designated representative, and various counsel and consultants with regard to the structuring plans for the securities and the potential implications of evolving market conditions. • At the beginning of the public marketing process, hold discussions with the transaction’s book-running senior manager and the commission’s designated representative regarding the market environment and the specific structuring of tranches, amortization, coupons and yields, and call features. Provide relevant feedback to the commission’s designated representative regarding the information gathered through discussions with the transaction’s book-running senior manager.
