RE: Arc Resources Ltd - Credit Reserve

Good job! Reserve is low, historically speaking. Rick

-----Original Message-----
From: Sacks, Edward
Sent: Wednesday, May 09, 2001 3:33 PM
To: Hardy, Trey; White, Stacey; Evans, Casey; Lewis, Jon Paul
Cc: Buy, Rick; Rohauer, Tanya; Bradford, William S.; Ngo, Tracy; Dalton III, Oscar; Baughman, Edward D.
Subject: RE: Arc Resources Ltd - Credit Reserve

Please note the following addtion to the EPMI credit reserve:

Counterparty: Old Dominion Electric Cooperative
Deal No: 602668
Deal Date: 5/4/01
Deal Specifics: EPMI sale
Term: 9/1/01 to 12/31/03
Volume: 50MW/h Flat (7x24)
Delivery Point: PJM
Fixed Price: $35.50
Marketer: Oscar Dalton

Credit Reserve: $87,000.00

Please call with any comments or questions.

Rgds,
Ed Sacks
x5-7712