QUESTION: Bill, As per our conversation today, I am sending you an outline of what we intend to be doing in Ercot and in particular on the real-time desk. For 2002 Ercot is split into 4 zones with TCRs between 3 of the zones. The zones are fairly diverse from a supply/demand perspective. Ercot has an average load of 38,000 MW, a peak of 57,000 MW with a breakdown of 30% industrial, 30% commercial and 40% residential. There are already several successful aggregators that are looking to pass on their wholesale risk to a credit-worthy QSE (Qualified Scheduling Entity). Our expectation is that we will be a fully qualified QSE by mid-March with the APX covering us up to that point. Our initial on-line products will include a bal day and next day financial product. (There is no day ahead settlement in this market). There are more than 10 industrial loads with greater than 150 MW concentrated at single meters offering good opportunities for real-time optimization. Our intent is to secure one of these within the next 2 months. I have included some price history to show the hourly volatility and a business plan to show the scope of the opportunity. In addition, we have very solid analytics that use power flow simulations to map out expected outcomes in the real-time market. The initial job opportunity will involve an analysis of the real-time market as it stands today with a view to trading around our information. This will also drive which specific assets we approach to manage. As we are loosely combining our Texas gas and Ercot power desks our information flow will be superior and I believe we will have all the tools needed for a successful real-time operation. Let me know if you have any further questions. Thanks,
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ANS: ERCOT opportunities

QUESTION: Ok it is now officially Tuesday morning. Kiss my ass Feeley. Dropping Ricky Watters (seattle) Picking up Trung Canidate (Rams) To hell with the Galloway pick up.. if ya want to enforce the rules well... i did not get the galloway pick up by the Tuesday morning rule and as such i am not reinstating it here as he is hurt.. so BOOYAH!
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ANS: TRADE FOR FEELEY"S SAKE!

QUESTION: Chump, Long time no hear. Sorry it's taken me so long to touch base with you. Between work, the wedding, and the fact that we just purchased a house (pending inspections) I've been pretty stressed. As far as the wedding goes Lisa and I have decided to scale down considerably. We're only going to have immediately family and the folks in the wedding party. For me that includes you of course, Moller, Kampy and Peremes (even though she won't be in the wedding). Don't tell her though, she's the only one I haven't mentioned anything to. I'll make sure you and Moller get to share a room. I feel kinda bad about not inviting Lowery since I was in his wedding, but I don't feel like dealing with Kim. She's really annoyed me the last few times I've seen her. We still plan on having it at the B&B in Long Beach Island. We'll have a catered dinner for about 45 folks. It should be more manageable and cheaper this way. Do you have the exact date when you'll move back to the states? I'm psyched you'll be a lot closer. You could swing over to Houston and check out the new house. By that time we should have it in decent shape. We bought the ugliest, most beat-up house on the block. It definitely needs a lot of work. We'll be busy for the next year working on it. I think when it's done, it'll look pretty cool. Anyway, send me an email and let me know how everything's going and when you'll be back. Take care and tell Marie we said hi. Kevin
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ANS:
Wedding