RE: FE -MSG

Janine --

What does this do to our current book of customers on MSG? Will our $$ margin evaporate? Is there some other "solution" on how to restructure the FE retail market? What wholesale issues does FE need to change to help the EWS desk?

Jim

-----Original Message-----
From: Migden, Janine
Sent: Friday, November 09, 2001 10:01 AM
To: Shapiro, Richard; Steffes, James D.
Cc: Ibrahim, Amr
Subject: FE -MSG

FirstEnergy has made a filing with regard to the shopping credit for next year. In that filing they are claiming that they have reached 20% switching and therefore do not need to increase the percentage spread between the price we buy the MSG at and the shopping credit. I have been working with Scott Reneicke and Nicole Schwartz and am planning to file an intervention on behalf of Enron and contest the calculation of the 20% (which includes affiliate transactions) and the argument to not increase the percentage spread and any other arguments Scott may identify.

Given circumstances, I am assuming that since this is something I can handle, I should do so as opposed to involving outside counsel.

Unless I hear otherwise, I will proceed.

Janine