Re: EOL Credit Responses 08/29/00

I don't understand. We were dealing with Ameren Services Company, who had
been approved to trade online and they are the agent for Union Electric
Company and Central Illinois Public Service. Now they want to trade as
another agent, for Union Electric and other affiliates. Why are we not going
to allow them to trade online?. Leslie has approved them to trade over the
counter under this name.

SHARI STACK
08/29/2000 05:28 PM
To: Tana Jones/HOU/ECT@ECT
cc: Leslie Hansen/HOU/ECT@ECT, Rhonda L Denton/HOU/ECT@ECT
Subject: Re: EOL Credit Responses 08/29/00

Thanks for this. Please consider "Ameren Energy, Inc. as agent" declined by
Legal.

----- Forwarded by Shari Stack/HOU/ECT on 08/29/2000 05:27 PM -----

Tana Jones
08/29/2000 05:26 PM

To: Shari Stack/HOU/ECT@ECT
cc:
Subject: Re: EOL Credit Responses 08/29/00

I just had this conv. w/Mark and Marcus Nettleton today about parties acting
as agent, or in some fiduciary capacity online. What I am being told is that
the system is set up for parties to only act as principals for online
trading. It does not deal with agent, fiduciary or similar relationships.
The only exception to this rule so far has been GPU where they had an agency
relationship with 3 utilities, on the power side, where Leslie had some
specific documentation that she got signed. But I am told should not be
entering into transactions with counterparties as anything other than
principals, except under extraordinary circumstances.

Shari Stack
08/29/2000 05:04 PM

To: Tana Jones/HOU/ECT@ECT
cc: Rhonda L Denton/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT
Subject: Re: EOL Credit Responses 08/29/00

Tana:

"Ameren Energy, Inc. as agent": On hold til I speak with Leslie. I imagine
they will need to sign our std. Consent & Acknowledgement form which allows
them act as agent. It would be helpful to know for whom they are acting as
agent. Do you know this?

**************************

The following CPs are not authorized to trade US power products:

Ameren Service Company - Restricted by Credit
Oglethorpe Power Corporation.- Not a current CP/Not FERC approved
Curbell, Inc. - Restricted by Credit

Thanks,

Shari