IN: Chris, as per our discussion, I just want to confirm that we have the ability to break the contract with the EPC provider at any time. Further, I want to confirm that our costs will be minimal and that this whole process (ie putting a number on a term sheet) has been based on trying to maximize the short run value of the project. In other works, we have no intention of lifting their offer. Finally, we are not ordering HRSG's or steam turbines. These guys add no value and they are killing me! Regards

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OUT: Las Vegas CoGen

IN: Dan, I wanted to let you know that we are working on the problem that we are having with the straddle deals being booked into Tagg. I also wanted to bring to your attention that these deals tested correctly in Tagg Stage, so we are trying to sort out what is happening in Production. I am working with Tagg IT to resolve the issue. I will keep you posted. Thanks TARA

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OUT: Straddle Problem

IN: Attached is an Excel file containing the Nymex and OTC positions that you requested for the NYMEX exemption application. Please feel free to contact me at X5-8274 with any questions that you have. Thanks,

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OUT: NYMEX and OTC Exposure

IN: market_relations@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List: Dear Market Participants, The NYISO is pleased to inform you about the following enhancement to the NYISO Billing and Accounting System that will be implemented on October 1, 2001. Consistent with rules for uninstructed over- generation, penalties will be implemented for persistent under-generation. Generating units that persistently under-generate will be subject to a penalty calculated for each SCD interval and accumulated for each hour.

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OUT:
NYISO Software release October 1, 2001