Subject: "CES Intra day sales".

Body: I just sold intra day gas to CES on CGAS and CNG. The CGAS deal is number 250938, the volume is 257, the delivery point is BG&E, and the price is $3.53. This deal is for 1 day only. The CNG deal is 250897, the volume is 51 to NIMO East and 211 to Peoples, and the price is $3.60. Thanks

Subject: "Sept. Changes".

Body: Split out deal # 388136.1 BPA NW Delivered; 27 flat to BPA busbar, 4 flat to Hot Springs, 5 flat to TCL System, 20 flat to EWEB System. Left remainder at NW Del. ds

Subject: "Accounting Treatment Change from MTM to Accrual for Modesto Maranzana power plant and associated contracts".

Body: Marisa, Rafael, and Darryl, Based on Darryl and my discussions with Rafael earlier this week, the accounting treatment for Modesto Maranzana plant and the associated gas and power contracts will be changed from MTM to accrual effective with December accounting. Changes PPA Amortization and Depreciation - Marisa We need to adjust the PPA amortization and depreciation ytd balances. PPA amortization - the actual amount of the purchase price allocated to the contracts was different from the $2,220,219 used in the MTM model. Depreciation - I know the salvage value in the model $10,000,000 USD after 5 years is different and I think you were using a longer useful life. Marisa, please calculate the impact of these changes and let Rafael, Darryl, and myself know. MTM Reversal - Martha & Darryl The net impact of reversal the MTM will be a gain of approximately $978,000. This is the reversal of the forward value recorded for the PPA's and plant as of November 30, 2001. Effective today, I will stop including the positions in the feeds to RistRAC. Interest - Martha Still waiting to see if we reserve the historial amounts. The impact on 0502 books is zero as the expense and revenue was booked to the same account just different profit / cost centers. The income was booked to Modesto Capital Charge 27244 / 150407 which was supposed to roll up to the Office of the Chair for Lavo. Left Georgeanne Hodges a message on the subject. If you think of any I forgot to mention, please let us know. Martha

Subject: "Blue Dog change orders".

Body:
Hi there, Could one of you send me one email with the final (well, we hope) forms of both of the two change orders we are working on for the BD turbine sets? I want to make sure I'm looking at the right stuff. Thanks,