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13%'><b>MISSOURI
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57.75%;
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20,
 2005</span></div>
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2.75%;
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8.42%;
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nda&#13;</u></b></div>
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8.42%;
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v>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:36.75%;
 left:8.42%;width:83.14%;height:4.25%'><span style=3D'position:absolute;
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rmat:
 bullet;position:absolute;left:-4.71%;top:.3em;font-family:"Monotype Sorts";
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 left:8.42%;width:83.14%;height:4.25%'><span style=3D'position:absolute;
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den'><span
 style=3D'mso-special-format:bullet;position:absolute;left:-4.71%;font-fami=
ly:
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 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:46.5%;left:=
8.42%;
 width:83.14%;height:4.25%'><span style=3D'position:absolute;top:0%;left:4.=
5%;
 width:95.49%;height:100.0%'><span style=3D'visibility:hidden'><span
 style=3D'mso-special-format:bullet;position:absolute;left:-4.71%;font-fami=
ly:
 "Monotype Sorts";font-size:75%'>l</span></span>&#13;</span></div>
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8.42%;
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5%;
 width:95.49%;height:100.0%'><span style=3D'mso-special-format:bullet;posit=
ion:
 absolute;left:-4.71%;top:.3em;font-family:"Monotype Sorts";font-size:75%'>=
l</span>Key
 drivers for change&#13;</span></div>
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 left:8.42%;width:83.14%;height:4.25%'><span style=3D'mso-special-format:no=
bullet;
 display:none;font-family:"Monotype Sorts";font-size:75%'>l</span>&#13;</di=
v>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:61.25%;
 left:8.42%;width:83.14%;height:4.25%'><span style=3D'position:absolute;
 top:0%;left:4.5%;width:95.49%;height:100.0%'><span style=3D'visibility:hid=
den'><span
 style=3D'mso-special-format:bullet;position:absolute;left:-4.71%;font-fami=
ly:
 "Monotype Sorts";font-size:75%'>l</span></span>&#13;</span></div>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:66.0%;left:=
8.42%;
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5%;
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ion:
 absolute;left:-4.71%;top:.3em;font-family:"Monotype Sorts";font-size:75%'>=
l</span>Overview
 of issues with certain sections of the IRP rule&#13;</span></div>
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8.42%;
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v>
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l-format:
 bullet;position:absolute;left:-4.02%;top:.3em;font-family:"Monotype Sorts";
 font-size:75%'>l</span>Interim steps &#8211; how to address required IRP
 filing requirements while </span><span style=3D'position:absolute;top:80.0=
%;
 left:12.17%;width:79.4%;height:4.25%'>IRP rules are in the process of being
 revised</span></div>
 </div>
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2.75%;
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l-format:
 bullet;position:absolute;left:-3.95%;top:.3em;font-family:"Monotype Sorts";
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 electric IRP rule </span><span style=3D'position:absolute;top:31.0%;left:1=
2.17%;
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pan
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ion:
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olute;
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/span></div>
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  href=3D"master03.xml#_x0000_m1029"/><v:shape id=3D"_x0000_s570371" type=
=3D"#_x0000_m1029"
  style=3D'position:absolute;left:54pt;top:138pt;width:612pt;height:324pt'>
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  <p:placeholder type=3D"body" position=3D"1"/></v:shape>
 <div v:shape=3D"_x0000_s570370" class=3DT><span style=3D'position:absolute;
 top:7.24%;left:2.43%;width:95.5%;height:6.0%'><span style=3D'font-size:88%=
'>Revisit
 1999 &#8211; Year When Missouri IRP Rule Was </span></span><span
 style=3D'position:absolute;top:13.5%;left:8.42%;width:83.14%;height:6.0%'>=
<span
 style=3D'font-size:88%'>Tabled</span></span></div>
 <div v:shape=3D"_x0000_s570371">
 <div class=3DB style=3D'position:absolute;top:26.5%;left:8.42%;width:83.14=
%;
 height:4.25%'><span style=3D'position:absolute;top:0%;left:4.5%;width:95.4=
9%;
 height:100.0%'><span class=3DBB style=3D'position:absolute;left:-4.71%;top=
:.3em'>l</span>Case
 No. EO-99-365&#13;</span></div>
 <div class=3DB1 style=3D'position:absolute;top:31.75%;left:13.48%;width:78=
.27%;
 height:4.0%'><span style=3D'position:absolute;top:0%;left:4.06%;width:95.9=
3%;
 height:100.0%'><span class=3DB1B style=3D'position:absolute;left:-4.23%'>&=
Oslash;</span>MO
 IOUs filed a petition to rescind Chapter 22&#13;</span></div>
 <div class=3DB1><span style=3D'position:absolute;top:36.5%;left:16.66%;wid=
th:84.08%;
 height:4.0%'><span class=3DB1B style=3D'position:absolute;left:-3.78%'>&Os=
lash;</span>Stipulation
 and agreement reached whereby IOUs received a variance </span><span
 style=3D'position:absolute;top:40.5%;left:16.66%;width:75.09%;height:4.0%'=
>from
 the rules for certain &#8220;specified time periods&#8221;&#13;</span></di=
v>
 <div class=3DB1 style=3D'position:absolute;top:45.25%;left:13.48%;width:78=
.46%;
 height:4.0%'><span style=3D'position:absolute;top:0%;left:4.05%;width:95.9=
4%;
 height:100.0%'><span class=3DB1B style=3D'position:absolute;left:-4.22%'>&=
Oslash;</span>IOUs
 agreed to conduct periodic meetings with Staff and OPC&#13;</span></div>
 <div class=3DB style=3D'position:absolute;top:50.24%;left:8.42%;width:83.1=
4%;
 height:4.25%'><span style=3D'position:absolute;top:0%;left:4.5%;width:95.4=
9%;
 height:100.0%'><span style=3D'visibility:hidden'><span class=3DBB
 style=3D'position:absolute;left:-4.71%'>l</span></span>&#13;</span></div>
 <div class=3DB style=3D'position:absolute;top:55.5%;left:8.42%;width:83.14=
%;
 height:4.25%'><span style=3D'position:absolute;top:0%;left:4.5%;width:95.4=
9%;
 height:100.0%'><span class=3DBB style=3D'position:absolute;left:-4.71%;top=
:.3em'>l</span>The
 &#8220;story behind the story&#8221;&#13;</span></div>
 <div class=3DB1><span style=3D'position:absolute;top:60.75%;left:16.66%;
 width:85.2%;height:4.0%'><span class=3DB1B style=3D'position:absolute;left=
:-3.73%'>&Oslash;</span>June
 1998 Agenda meeting &#8211; the Commission directed its Staff to look </sp=
an><span
 style=3D'position:absolute;top:64.75%;left:16.66%;width:75.09%;height:4.0%=
'>into
 rescission of its IRP rules.&#13;</span></div>
 <div class=3DB1><span style=3D'position:absolute;top:69.75%;left:16.66%;
 width:84.26%;height:4.0%'><span class=3DB1B style=3D'position:absolute;lef=
t:-3.77%'>&Oslash;</span>Multiple
 IRP rule rescission discussions at IOUs semi-annual briefing </span><span
 style=3D'position:absolute;top:73.75%;left:16.66%;width:75.09%;height:4.0%=
'>sessions&#13;</span></div>
 <div class=3DB1 style=3D'position:absolute;top:78.5%;left:13.48%;width:78.=
27%;
 height:4.0%'><span style=3D'position:absolute;top:0%;left:4.06%;width:95.9=
3%;
 height:100.0%'><span style=3D'visibility:hidden'><span class=3DB1B
 style=3D'position:absolute;left:-4.23%'>&Oslash;</span></span>&#13;</span>=
</div>
 <div class=3DB style=3D'position:absolute;top:83.25%;left:8.42%;width:83.1=
4%;
 height:4.25%'><span style=3D'mso-special-format:nobullet;display:none;
 font-family:"Monotype Sorts";font-size:75%'>l</span><span style=3D'mso-spe=
cial-format:
 lastCR;display:none'>&#13;</span></div>
 </div>
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 top:7.24%;left:3.37%;width:93.44%;height:6.0%'><span style=3D'font-size:88=
%'>FACTORS
 UNDERLYING 1999 PETITION BY </span></span><span style=3D'position:absolute;
 top:13.5%;left:8.42%;width:83.14%;height:6.0%'><span style=3D'font-size:88=
%'>IOUs
 TO RESCIND IRP RULE</span></span></div>
 <div v:shape=3D"_x0000_s631811" class=3DB>
 <div style=3D'mso-line-spacing:"90 20 0"'><span style=3D'position:absolute;
 top:26.0%;left:12.17%;width:92.32%;height:4.25%'><span style=3D'mso-specia=
l-format:
 bullet;position:absolute;left:-4.05%;top:.3em;font-family:"Monotype Sorts";
 font-size:75%'>l</span>Time and experience showed that strict compliance w=
ith
 the IRP rule </span><span style=3D'position:absolute;top:30.0%;left:12.17%;
 width:91.01%;height:4.25%'>was not productive, i.e., second round of filin=
gs
 waived for all IOUs&#13;</span></div>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:35.0%;left:=
8.42%;
 width:83.14%;height:4.25%'><span style=3D'mso-special-format:nobullet;
 display:none;font-family:"Monotype Sorts";font-size:75%'>l</span>&#13;</di=
v>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:40.0%;left:=
8.42%;
 width:93.82%;height:4.25%'><span style=3D'position:absolute;top:0%;left:3.=
99%;
 width:96.0%;height:100.0%'><span style=3D'mso-special-format:bullet;positi=
on:
 absolute;left:-4.15%;top:.3em;font-family:"Monotype Sorts";font-size:75%'>=
l</span>IRP
 rule inconsistent with the &#8220;issues&#8221; of the day, i.e.,
 restructuring&#13;</span></div>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:44.75%;
 left:8.42%;width:83.14%;height:4.25%'><span style=3D'mso-special-format:no=
bullet;
 display:none;font-family:"Monotype Sorts";font-size:75%'>l</span>&#13;</di=
v>
 <div style=3D'mso-line-spacing:"90 20 0"'><span style=3D'position:absolute;
 top:49.75%;left:12.17%;width:92.69%;height:4.25%'><span style=3D'mso-speci=
al-format:
 bullet;position:absolute;left:-4.04%;top:.3em;font-family:"Monotype Sorts";
 font-size:75%'>l</span>Perception that the IRP rule did not serve a useful
 purpose since most </span><span style=3D'position:absolute;top:53.75%;
 left:12.17%;width:93.63%;height:4.25%'>parties decided that compliance with
 the rules was too costly, too time </span><span style=3D'position:absolute;
 top:57.75%;left:12.17%;width:79.4%;height:4.25%'>consuming, and some secti=
ons
 of the rule were not relevant&#13;</span></div>
 <div style=3D'mso-line-spacing:"90 20 0";position:absolute;top:62.5%;left:=
8.42%;
 width:83.14%;height:4.25%'><span style=3D'mso-special-format:nobullet;
 display:none;font-family:"Monotype Sorts";font-size:75%'>l</span>&#13;</di=
v>
 <div style=3D'mso-line-spacing:"90 20 0"'><span style=3D'position:absolute;
 top:67.5%;left:12.17%;width:90.44%;height:4.25%'><span style=3D'mso-specia=
l-format:
 bullet;position:absolute;left:-4.14%;top:.3em;font-family:"Monotype Sorts";
 font-size:75%'>l</span>The realities of a rapidly growing competitive
 wholesale generation </span><span style=3D'position:absolute;top:71.5%;
 left:12.17%;width:91.57%;height:4.25%'>market were overtaking the largely
 theoretical world of decision tree </span><span style=3D'position:absolute;
 top:75.5%;left:12.17%;width:92.69%;height:4.25%'>analysis, chance nodes, a=
nd
 dispersion of the probability distributions </span><span style=3D'position=
:absolute;
 top:79.5%;left:12.17%;width:79.4%;height:4.25%'>contained in the Chapter 22
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3.5%;
 left:8.42%;width:83.14%;height:6.0%'><span style=3D'font-size:88%'>WHY IRP
 RULES?</span></div>
 <div v:shape=3D"_x0000_s571395" class=3DHB><span style=3D'position:absolut=
e;
 top:26.5%;left:12.17%;width:41.94%;height:4.0%'><span style=3D'mso-special=
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 font-size:75%'>4</span><span style=3D'mso-tab-count:1;width:14.9%'> </span=
>Integrated
 resource planning </span><span style=3D'position:absolute;top:30.5%;left:1=
2.17%;
 width:36.14%;height:4.0%'>was intended to mandate the </span><span
 style=3D'position:absolute;top:34.5%;left:12.17%;width:40.26%;height:4.0%'=
>expansion
 of the range of options </span><span style=3D'position:absolute;top:38.5%;
 left:12.17%;width:36.14%;height:4.0%'>to include non-conventional </span><=
span
 style=3D'position:absolute;top:42.5%;left:12.17%;width:36.14%;height:4.0%'=
>supply-side
 options such as </span><span style=3D'position:absolute;top:46.5%;left:12.=
17%;
 width:42.69%;height:4.0%'>renewable resources, life-extension </span><span
 style=3D'position:absolute;top:50.5%;left:12.17%;width:39.7%;height:4.0%'>=
programs
 for existing plants, and </span><span style=3D'position:absolute;top:54.5%;
 left:12.17%;width:36.14%;height:4.0%'>demand-side options such as </span><=
span
 style=3D'position:absolute;top:58.5%;left:12.17%;width:42.32%;height:4.0%'=
>innovative
 pricing techniques, load </span><span style=3D'position:absolute;top:62.5%;
 left:12.17%;width:43.07%;height:4.0%'>management, and energy efficiency </=
span><span
 style=3D'position:absolute;top:66.5%;left:12.17%;width:36.14%;height:4.0%'=
>and
 conservation measures.</span></div>
 <div v:shape=3D"_x0000_s571396" class=3DHB><span style=3D'position:absolut=
e;
 top:26.5%;left:55.61%;width:40.82%;height:4.0%'><span class=3DHBB
 style=3D'position:absolute;left:-9.17%;top:.3em'>l</span>Existing rules pr=
ovided
 a learning </span><span style=3D'position:absolute;top:30.5%;left:55.61%;
 width:36.14%;height:4.0%'>experience for both IOUs and </span><span
 style=3D'position:absolute;top:34.5%;left:55.61%;width:36.14%;height:4.0%'=
>Commission
 Staff&#13;</span>
 <div style=3D'position:absolute;top:39.25%;left:51.87%;width:39.88%;height=
:4.0%'><span
 style=3D'mso-special-format:nobullet;display:none;font-family:"Monotype So=
rts";
 font-size:75%'>l</span>&#13;</div>
 <div style=3D'position:absolute;top:44.0%;left:51.87%;width:39.88%;height:=
4.0%'><span
 style=3D'mso-special-format:nobullet;display:none;font-family:"Monotype So=
rts";
 font-size:75%'>l</span><span style=3D'text-effect:emboss;display:none'>&#1=
3;</span></div>
 <span style=3D'position:absolute;top:49.0%;left:55.61%;width:36.14%;height=
:4.0%'><span
 class=3DHBB style=3D'position:absolute;left:-10.36%;top:.3em'>l</span>The =
1<span
 style=3D'font-size:67%;position:relative;top:-.45em;mso-text-raise:30%'>st=
</span><span
 style=3D'mso-spacerun:yes'>&nbsp;</span>round of IRP filings </span><span
 style=3D'position:absolute;top:53.0%;left:55.61%;width:40.44%;height:4.0%'=
>provided
 IOUs an insight into the </span><span style=3D'position:absolute;top:56.99=
%;
 left:55.61%;width:38.2%;height:4.0%'>Commission&#8217;s perspective as to =
</span><span
 style=3D'position:absolute;top:61.0%;left:55.61%;width:43.25%;height:4.0%'=
>what
 is required of IOUs in the area </span><span style=3D'position:absolute;
 top:65.0%;left:55.61%;width:37.64%;height:4.0%'>of integrated resource
 planning&#13;</span>
 <div style=3D'position:absolute;top:69.75%;left:51.87%;width:39.88%;height=
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%'>The
 MO Rules Have Not Been Updated In More </span></span><span style=3D'positi=
on:
 absolute;top:13.5%;left:8.42%;width:83.14%;height:6.0%'><span
 style=3D'font-size:88%'>Than A Decade&#8230;.</span></span></div>
 <div v:shape=3D"_x0000_s576515" class=3DB>
 <div style=3D'position:absolute;top:26.5%;left:8.42%;width:83.14%;height:4=
.25%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 class=3DBB style=3D'position:absolute;left:-4.71%;top:.3em'>l</span>Rules
 don&#8217;t account for changes in market dynamics&#8230;&#13;</span></div>
 <div style=3D'position:absolute;top:31.75%;left:8.42%;width:83.14%;height:=
4.25%'><span
 style=3D'mso-special-format:nobullet;display:none;font-family:"Monotype So=
rts";
 font-size:75%'>l</span>&#13;</div>
 <div style=3D'position:absolute;top:37.0%;left:8.42%;width:83.14%;height:4=
.25%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 class=3DBB style=3D'position:absolute;left:-4.71%;top:.3em'>l</span>Improv=
ements
 in analytical techniques&#8230;&#13;</span></div>
 <div style=3D'position:absolute;top:42.5%;left:8.42%;width:83.14%;height:4=
.25%'><span
 style=3D'mso-special-format:nobullet;display:none;font-family:"Monotype So=
rts";
 font-size:75%'>l</span>&#13;</div>
 <div style=3D'position:absolute;top:47.75%;left:8.42%;width:83.14%;height:=
4.25%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 class=3DBB style=3D'position:absolute;left:-4.71%;top:.3em'>l</span>Increa=
sed data
 availability&#8230;&#13;</span></div>
 <div style=3D'position:absolute;top:53.0%;left:8.42%;width:83.14%;height:4=
.25%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le=
ft:-4.71%'>l</span></span>&#13;</span></div>
 <div style=3D'position:absolute;top:58.5%;left:8.42%;width:83.14%;height:4=
.25%'><span
 style=3D'position:absolute;top:0%;left:4.5%;width:95.49%;height:100.0%'><s=
pan
 style=3D'visibility:hidden'><span class=3DBB style=3D'position:absolute;le=
ft:-4.71%'>l</span></span>&#13;</span></div>
 <span style=3D'position:absolute;top:63.74%;left:12.17%;width:87.45%;heigh=
t:
 4.25%'><span style=3D'mso-special-format:bullet;position:absolute;left:-4.=
28%;
 top:.3em;font-family:Wingdings;font-size:75%'>&Oslash;</span>The ability to
 demonstrate prudent decision making and thorough </span><span
 style=3D'position:absolute;top:68.25%;left:12.17%;width:93.25%;height:4.25=
%'>analysis
 of resource additions are the key considerations in modifying </span><span
 style=3D'position:absolute;top:72.5%;left:12.17%;width:79.4%;height:4.25%'=
>the
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