Tentative Agreement

 The Company and Union have been discussing the changes in the proposal during the past two weeks and have reached a tentative agreement pending executive approval.  It includes the following:

•  An additional increase to the wage package in the form of a basic pension credit

• Lump sum retro pay, split between ratification and January 06, which also includes a basic pension credit to all employees

•  Increase to the original pension lump sum offer

• Enhanced pension benefits

•  Improvements to the per diem

•  Positive enhancements to the Nuclear MOUs

•  Increases to the sick time replacement provision

•  Slight modification to medical premiums (inflationary increase for 2005/2006)

 The System Committee will be working on a handout for each member that will explain the highlights of the proposal.  It should be in the field prior to the packages being distributed.  It is anticipated that the vote of the membership should be complete by July 15, 2005.

 All legal issues have been resolved with our web site and it is hopeful that it should be up and running by next week.  Once it is active we will be posting our bulletins as in the past.