This excerpt taken from the EPEX 10-Q filed May 12, 2008.
Disclosures about Derivative Instruments and Hedging Activities an amendment of FASB Statement No. 133 (SFAS No. 161). SFAS No. 161 requires entities to provide enhanced disclosures about (a) how and why an entity uses derivative instruments, (b) how derivative instruments and related hedged items are accounted for under SFAS No. 133 and its related interpretations, and (c) how derivative instruments and related hedged items affect an entitys financial position, financial performance, and cash flows. SFAS No. 161 is effective for annual periods beginning on or after November 15, 2008. Early application of SFAS No. 161 is encouraged, as are comparative disclosures for earlier periods at initial adoption. We will adopt SFAS No. 161 on January 1, 2009 and do not expect adoption of this statement to impact our consolidated financial statements, but we do expect it to impact disclosures made in our future quarterly and annual filings.