Problem: BODY: At the request of Sara Shackleton, I am attaching my list of North America "utility" counterparties. My given task when I compiled this list was to identify "utilities" and determine if there was a reason we should not approve online trading for the counterparty. We originally denied approval for all utilities unless we had a Master Agreement in place or an overriding commercial reason to transact. We are now taking the position that investor owned utilities (IOUs) and related corporate entities should be approved for trading. However, we will not approve online trading for governmentals or cooperatives when we do not have a master in place, so those counterparties identified as such do not need to be included in your review. Obviously, if you are aware of a municipal or cooperative I failed to detect, please let us know. In addition, your review does not need to extend to the Canadian counterparties. We will run those by Canadian counsel. Please review the list to help us identify the IOUs. You may ignore the "Approved for Trading" column. For your information, the list was compiled from information provided from our Credit Department, from the Company's financial statements which I obtained from EDGAR, from the Company's web site, from www.utilityconnection.com, or from web searches of the Company when I could not locate information from any of the other sources. Please give us a call tomorrow to discuss briefly.
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A: SUBJECT: Utility Counterparty List

Problem: BODY: Here is an update on Oakhill power sourcing: Wholesale Generation + Ancillaries ? Electric cooperatives and municipalities are exempt from retail deregulation. We can not directly contract with AEP or whoever the wholesale generation provider would be because it constitutes a retail sale in a non-deregulated area. The prevailing utility in the area must be the buyer of the power. ? Generation + ancillaries will be provided by the chosen entity, through NTEC, and then through Rusk. The wholesale generation + ancillaries contract will be a three party agreement between AEP (or whoever is chosen), NTEC, and Rusk. ? Swing - There are consumption penalties for using more or less than the contracted 5.0 MW 7x24 block (meaning there is no free swing). These penalties are part of the ancillary services, which means that we will not have the exact specifications until Rusk receives the bids on their RFP on 6/27/01. T&D ? T&D is provided directly by Rusk County Electric Co-Op. ? NTEC is charging us $0.20 / MW as an administrative fee (mark up), which is why the fixed T&D cost from Rusk County is $10.20/MW and not $10.00/MW. ? There will be a minimum T&D charge from Rusk, above which we pay for only what we use: o For example: We pay the minimum charge or actual usage, whichever is higher. Ricki is constructing the T&D only contract (which he claims will be similar in structure to the previous contract), with the inclusion of T&D pricing and swing. I also reminded him that he needs to provide the audited financial statements to us. Attached is a deal diagram with the most current information that we have. Please let me know if you have any questions. Regards,
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A: SUBJECT: Oakhill Power Update

Problem: BODY: To all whom it may concern: I would like to register my associate Zimin Lu as my guest at Power 2000 conference in Houston in May. Thanks. Vince Kaminski
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SUBJECT: power 2000