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---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 03/27/2000
09:28 AM --------------------------- Michael Danielson 03/24/2000 12:44 PM To: Elizabeth Sager/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, John Berger/HOU/ECT@ECT cc: Subject: Valley Energy Contract This is another aggregator that'll be participating in the TVA 5% program. They may have as much as 400MW of load. We need to steer this contract in the same direction as the other ones. ---------------------- Forwarded by Michael Danielson/HOU/ECT on 03/24/2000 12:35 PM --------------------------- "Jack W. Simmons" <infinergy@earthlink.net< on 03/24/2000 11:20:26 AM To: michael.danielson@enron.com, elizabeth.sager@enron.com cc: Subject: Valley Energy Contract Mike Danielson Elizabeth Sager Attached are the documents Mike and I discussed. 1) Fact Sheet provided by TVA 2) Draft Master Purchase Agreement between Valley Energy and your company 3) Sample Confirmation Letter for Transactions under the Agreement Valley Energy Corporation will be acting as purchase agent for an aggregated group of TVA power distributors totaling about 400 MW. We will be purchasing blocks of 5 x 16 liquidated damages firm energy each week. The minimum block size will be 25 MW delivered to the TVA control area. The Draft Master Purchase Agreement reflects the requirements and constraints placed on us as a participant in the TVA program. Valley energy is in the process of obtaining a Line of Credit to satisfy the credit requirements of our supplier counterparties. We are also interested in similar protection for situations where liquidated damages may be due from our suppliers. Please review the attached documents and provide me with feedback as soon as possible. Our objective is to be able to conduct business by April 6, 2000, which is the first day TVA will allow us to participate. Power purchased on April 6 would be for delivery beginning April 10, 2000. Call if you have questions. Thank you very much, - ValleyEnergyConfirmation.doc - masterpurchase-3-22-00.doc - FACT SHEET - WETM1.doc Jack W. Simmons Valley Energy Corporation 423 266 1885
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