RE: RUSH - NEED TODAY- US East Power Phy Firm Spread (LD)

Thanks for the kind word!

-----Original Message-----
From: =09Sever, Stephanie =20
Sent:=09Wednesday, September 26, 2001 2:40 PM
To:=09Jones, Tana
Subject:=09RE: RUSH - NEED TODAY- US East Power Phy Firm Spread (LD)

You are the GREATEST!!!!!!

Thanks

-----Original Message-----
From: =09Jones, Tana =20
Sent:=09Wednesday, September 26, 2001 2:39 PM
To:=09Sever, Stephanie
Subject:=09RE: RUSH - NEED TODAY- US East Power Phy Firm Spread (LD)

Ran it by Leslie, OK for us!

-----Original Message-----
From: =09Sever, Stephanie =20
Sent:=09Wednesday, September 26, 2001 2:36 PM
To:=09Jones, Tana; Lambert, Karen; Lombardi, Kelly
Subject:=09RUSH - NEED TODAY- US East Power Phy Firm Spread (LD)
Importance:=09High

Tana, Kelly, Karen:

The product long description below will fall under the new product type:

=09US East Power Phy Firm Spd (LD)

Credit (Tom Moran/Wendi Lebrocq) have approved copying the profiles for the=
new product type from the following:

=09US East Power Phy Fwd Firm LD=20

Please respond no later than 5pm today, Wednesday, September 26.

Thank you.

-----Original Message-----
From: =09Lebrocq, Wendi =20
Sent:=09Wednesday, September 26, 2001 2:27 PM
To:=09Sever, Stephanie
Subject:=09FW: Please approve - US East Power Phy Firm Spread (LD)

Regards,

Wendi LeBrocq
3-3835

-----Original Message-----
From: =09Lebrocq, Wendi =20
Sent:=09Wednesday, September 26, 2001 2:13 PM
To:=09Moran, Tom
Subject:=09RE: Please approve - US East Power Phy Firm Spread (LD)

Stephanie:

Please copy the profiles of the US East Power Phy Fwd Firm LD to the US Eas=
t Power Phy Firm Spread (LD). Please let me know if there are any question=
s.

Regards,

Wendi LeBrocq
3-3835

-----Original Message-----
From: =09Moran, Tom =20
Sent:=09Tuesday, September 25, 2001 5:52 AM
To:=09Lebrocq, Wendi
Subject:=09RE: Please approve - US East Power Phy Firm Spread (LD)

Wendi,

Could you please review the current profiles for US East Power Phy Fwd Firm=
LD prior to approving this. I want to be sure that we copy cp's who have =
execute rights on both the bid and the offer in order for them to have acce=
ss to this new product.=20

Let me know if you have any questions.

Thanks!
tm

-----Original Message-----
From: =09Sever, Stephanie =20
Sent:=09Monday, September 24, 2001 4:51 PM
To:=09Moran, Tom
Subject:=09FW: Please approve - US East Power Phy Firm Spread (LD)

Tom,

What do you think about coping profiles from US East Power Phy Fwd Firm LD?

Thanks,
Stephanie

-----Original Message-----
From: =09Meredith, Kevin =20
Sent:=09Monday, September 24, 2001 3:27 PM
To:=09Blumenthal, Jeff; Musch, Susan; Hagelmann, Bjorn; Moran, Tom; White, =
Stacey W.; Taylor, Mark E (Legal)
Cc:=09Lees, Lisa; Sever, Stephanie; Jones, Tana; Lambert, Karen; Lombardi, =
Kelly; Elledge, Susan; Sweitzer, Tara; Moorer, Torrey; Lozano, Melba; Walke=
r, Chris; Mandola, Teresa
Subject:=09Please approve - US East Power Phy Firm Spread (LD)

Your review and approval of the following product types in the EOL Datamana=
ger is needed (for directions on approval, please see steps for approval at=
the bottom of this e-mail). If you have any questions please call me at ex=
t. 39555. =20
******** DO NOT APPROVE PRODUCT TYPES BETWEEN THE HOURS OF 6AM - 11AM******=
*****

Product Type(s): US East Power Phy Firm Spread (LD) (2166)=09

Trader(s): Jeff King=09=09
Description(s):=09US Pwr PhyLD Spd =09ERCOT N2001 vs ERCOT US=
D/MWh

A US Power Spread Transaction (as defined below) with Enron Power Marketing=
, Inc. under which the Seller (the "Spread Seller") and the Buyer (the "Spr=
ead Buyer") shall enter into two physical power transactions, under which e=
ither (A) for the case in which Counterparty submits an offer to buy from E=
nron, Counterparty shall buy the First Product and sell the Second Product,=
each in respect of the quantity of Firm (LD) energy equal to the Hourly Qu=
antity at the Contract Price in accordance with the terms of the "Firm (LD)=
" definition in Schedule P of the Edison Electric Institute Master Power Pu=
rchase and Sale Agreement Version 2.1 (modified 4/25/00), including, withou=
t limitation, any defined terms contained therein, notwithstanding anything=
to the contrary in the master agreement, if any, that governs these Transa=
ctions ("Firm (LD) Energy"); or (B) for the case in which Counterparty subm=
its an offer to sell to Enron, Counterparty shall sell the First Product an=
d buy the Second Product, each in respect of the quantity of Firm (LD) ener=
gy equal to the Hourly Quantity at the Contract Price.
The transaction is for the applicable hours as set forth herein on each Del=
ivery Day for the Effective Date 01 Oct 2001 to the Termination Date 31 Oct=
2001.
The Contract Price for the Second Transaction in this short description wil=
l be the midpoint of the bid and offer price(s) on the Website for the seco=
nd product listed in the short description at the time of the Transaction i=
f both the bid and offer prices are then available or the available price i=
f only one of such prices is then available. The Contract Price for the Fir=
st Transaction will be the Contract Price used for the Second Transaction, =
modified by the price submitted by the Counterparty on the Website.
The Spread Transaction shall mean the ERCOT Transaction together with the E=
RCOT N 2001Transaction. The Spread Seller and the Spread Buyer agree that =
the ERCOT Transaction and the ERCOT N 2001 Transaction shall be treated as =
separate transactions under any applicable agreement(s) governing such tran=
sactions. Accordingly, for example, if a party fails to perform under the =
ERCOT Transaction, the other party is not excused from performance under th=
e ERCOT N 2001 Transaction based on such non-performance. However, unless =
otherwise expressly defined, the term "transaction" as used on the Website =
shall mean each of the ERCOT Transaction and the ERCOT N 2001 Transaction. =
The ERCOT Transaction is for delivery or receipt of energy to any points w=
ithin the Electric Reliability Council of Texas, Inc. ("ERCOT") at Seller's=
daily election. If and when possible for Seller to designate under pertine=
nt ERCOT scheduling practices, any such points shall be connected to the ER=
COT Transmission Grid by Transmission Facilities (as such terms are defined=
in the ERCOT Protocols) operated at or above 138kV. The ERCOT N 2001 tran=
saction is for delivery or receipt of energy to any points within the North=
2001 Zone as finalized pursuant to the action on April 17, 2001 by the Ele=
ctric Reliability Council of Texas, Inc. ("ERCOT") Board of Directors, at S=
eller's daily election. If such North 2001 Zone is superceded by a zone or =
zones of different boundaries, Seller shall nevertheless be required, unles=
s otherwise agreed by the parties, to deliver the energy to points within t=
he geographical area coextensive with the originally defined North 2001 Zon=
e. If and when possible for Seller to designate under pertinent ERCOT sche=
duling practices, any such points shall be connected to the ERCOT Transmiss=
ion Grid by Transmission Facilities (as such terms are defined in the ERCOT=
Protocols) operated at or above 138kV.
The price is quoted in US Dollars per unit of volume, which will be the Con=
tractual Currency.
The unit of measure against which the price is quoted shall be megawatt-hou=
rs (MWh) and the quantity shown shall be in MW's delivered in each applicab=
le hour for the duration of the Transaction (the "Hourly Quantity').

=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=
=3D=3D=3D

STEPS FOR APPROVAL:

click the =09START button=20
select =09PROGRAMS
select =09TEST APPLICATIONS
select=09ENRONONLINE CLUSTER(PROD)
=09PROCEED WITH USUAL LOGIN/PASSWORD=20
click the=09Enron Online Production Cluster "START" button =20
select=09EnronOnline (this is the EOL Datamanager)
=09PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnline
click on the "+" for Product Types
click on the "+" for "Partially Approved"
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up=20
TO APPROVE: Right mouse click on "Approved"

Kevin Meredith

EnronOnline
(713) 853-9555