EXHIBIT 99.237 ELECTRIC UTILITY INDUSTRY RESTRUCTURING: INSTITUTIONAL, ENGINEERING AND ECONOMIC ISSUES Dariush Shirmohammadi ---------------- SHIR CONSULTANTS ---------------- Shir Power Engineering Consultants, Inc. San Ramon, California, USA Presentation to Ontario Hydro Toronto, Ontario, CANADA May 30-31, 1996 (c) Copyright Reserved OBJECTIVE - -------------------------------------------------------------------------------- o Provide a broad summary all the important issues related to the electric utility restructuring o Will have a technical/engineering slant o Will not cover retail issues o Some information on proposed systems may be slightly out-of-date o Modified agenda o Will not cover restructuring plan(s) in Ontario o Will address questions during the seminar or later in writing o A catalyst for transfer of knowledge within the organization o ALL VIEWS PRESENTED HERE ARE THOSE OF SHIR CONSULTANTS AND NOT NECESSARILY SHARED BY THE SPONSORS OF THIS TRAINING SEMINAR. (C) Shir Consultants 2 OUTLINE - ------------------------------------------------------------------------------- o Background on Restructuring o Review of Restructuring in Related Industries o Review of Restructuring in Electric Power Industry Worldwide o FERC Rule on Open Access o Regional Transmission Groups o Open Access Same-time Information System (OASIS) o Impact of restructuring on planning and operations o Overview of some existing and emerging analytical tools o Transmission Pricing (C) Shir Consultants 3