Subject: Power Indices

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        Firm Power Price Bulletin                               =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =            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                                   =                    For Power Delivered on Thursday, October   25, 2001     =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                         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                            =                                                                            =                                    (Trade Date of Wednesday, October   24, = 2001)                                                                      =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                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                            =                                                                            =                                                                            =                           =20 Click here to access index history.
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                                                                     =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                    * volume represents sell-side only *    =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =       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(Mwh)=09 Cinergy=09         $28.00=09         $25.00=09         $27.23=09+    .33=09=          103,200=09 Comed=09         $26.50=09         $24.75=09         $25.58=09+   1.33=09  =          4,800=09 Entergy=09         $23.85=09         $23.10=09         $23.47=09-   1.25=09=           13,600=09 Nepool=09         $40.00=09         $39.75=09         $39.85=09+   1.29=09 =           4,000=09 PJM-West=09         $27.10=09         $26.25=09         $26.79=09+    .44= =09          79,200=09 TVA=09         $26.50=09         $25.25=09         $26.13=09-   1.25=09    =       12,800=09                                                                              =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                    Includes all trades done from 6 AM to 11=  AM Central Prevailing Time on the trade date specified for financially fir= m power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hu= bs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery=  date(s) specified.
=                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =        =20                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                                                                            =                        IntercontinentalExchange is the world's most liquid = trading platform for over-the-counter energy and metals.
Active markets in= clude North American power and natural gas, global crude and refined oil pr= oducts, and precious metals.
Traded instruments include forwards, swaps, a= nd options.
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Furthermore,=  you acknowledge that (1) IntercontinentalExchange has exclusive and valuab= le property rights in this data; (2) IntercontinentalExchange's data is bei= ng made available to you only for your own business or personal activities;=  and (3) you cannot communicate the data, in any form, to any other person = or entity without the express written consent of IntercontinentalExchange.
=                                                                            =                                                                            =                                                                            =                                                                            =                =20 This data is provided to you free of charge.
IntercontinentalExchange rese= rves the right to cancel this service at any time for any reason or no reas= on at all.
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