Master Netting Agreement Version 1.1 was published on October 25, 2002, and Version 1.2, with minor revisions, was published January 2003. Version 1.2 is accessible below in PDF as well as in Microsoft Word 2000. A comparison of the two versions is also posted below.
The Legal Landscape
To make sure that potential users are fully aware of important legal issues affecting use of the Master Netting Agreement, EEI has prepared a document called a "Legal Landscape," which discusses how a netting agreement could be affected by bankruptcy and commercial laws, as well as issues to consider in entering into Master Netting Agreements.
This memorandum is intended to provide non-lawyers and lawyers who are not specialists in this area with a survey of relevant legal issues that will be useful when consulting one's own counsel, but it does not constitute legal advice or a legal opinion. This memorandum provides general information and is intended to be used for information purposes only. It is not intended as a comprehensive treatment of the issues mentioned, nor as a substitute for legal advice. It is not intended to create, and receipt does not constitute, an attorney-client relationship.
Parties contemplating entering into a master netting agreement are strongly urged to consult with their own counsel.
Neither EEI nor any person involved in the preparation of this memorandum assumes any responsibility for any use of this memorandum, the EEI Master Netting Agreement and any related documentation of the User's Guide.