Subject: "Power Indices".

Body: = = = = = = = = = = = = = = = = = = = = = = = = = = IntercontinentalExchange = = = = = = = = = = = = = =20 = = = = = = = = = = = = = Firm Power Price Bulletin = = = = = = = = = = = = = =20 = = = = = = = = = = = = = For Power Delivered on Monday, December 03, 2001 = = = = = = = = = = = = = = = = = = = = = = = = = = =20 = = = = = = = = = = = = = = = = = = = = = = = = = = (Trade Date of Friday, November 30, 200= 1) = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =20 Click here to access index history . = = = = = = = = = = = =20 = = = = = = = = = = = = = = = = = = = = = = = = = = * volume represents sell-side only * = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =20 Hub=09High=09Low=09Wtd Avg Index=09Change ($)=09Vol (Mwh)=09 Cinergy=09 $20.00=09 $15.75=09 $17.75=09- 1.06=09= 95,200=09 Comed=09 $18.50=09 $17.50=09 $17.85=09- 1.55=09 = 4,000=09 Entergy=09 $17.50=09 $14.00=09 $16.20=09- 3.09=09= 24,000=09 Nepool=09 $30.75=09 $28.75=09 $29.63=09+ 1.46=09 = 5,600=09 Palo Verde=09 $31.75=09 $28.25=09 $29.88=09+ .19= =09 10,800=09 PJM-West=09 $25.00=09 $24.25=09 $24.57=09+ 1.64= =09 44,800=09 SP-15=09 $32.50=09 $30.00=09 $30.86=09- .03=09 = 6,400=09 TVA=09 $18.50=09 $17.25=09 $17.86=09- 1.34=09 = 22,400=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. = = = = = = = = = =20 In order to receive the proprietary information contained in this email, yo= u acknowledge and agree that you shall not further disseminate the Intercon= tinentalExchange Market Data contained herein to any person or entity witho= ut the express written consent of IntercontinentalExchange. 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. = = = = = = = = = = = =20 You agree that IntercontinentalExchange does not make any representations o= r warranties, express or implied, with respect to the data. = = = = = = = = = = = = =20 To become an Exchange Participant or inquire about the indices, please cont= act sales@intcx.com . = = = = = = = = = = = =20 To unsubscribe from this service, click here unsubscribe . = = = = = = = = = = = = = = = = = = = = = = = = = = =20 = = = = = = = = = = = = = = = = = = = = = = = = = = ?Copyright IntercontinentalExchange, Inc. 20= 01, All Rights Reserved. = = = = = = = = = = = = = = = = = = = = = = = = =

Subject: "Gallup Order: PRIVILEGED AND CONFIDENTIAL, ATTORNEY CLIENT PRIVILEGE".

Body: Now that the celebrating has died down, lets decide whether to seek rehearing or clarification of the order. If there is anything in it that disadvantages us, we should consider rehearing, particularly since it is a nearly certain that our friends at SoCal will file a nasty one. (It might be good for Steve H. or Bill or whoever has the best relationship with SoCal to make a high level courtesy call to extend the olive branch and tell them that we'll work with them to minimize their concerns blah blah blah. At minimum, we'll probably learn if they do intend to seek rehearing) I see two things that may be worth seeking rehearing on: 1. The requirement that we disclose our discount agreements in 15 days. FERC really punted this issue. They say that "since the expansion capacity is fully subscribed we see no reason why Transwestern should not publicly disclose the agreements. . . . " This is the first time I've heard of any rule that if your project is fully subscribed you therefore lose your right to confidential treatment of sensitive pricing info. At minimum, we could argue that the requirement is arbitrary and capricious because FERC didn't even mention its normal regulations and procedures governing filing of discount reports. It just cited the certificate regulation that requires an applicant to "file" its rate information with the Commission (which we did) and ignores the regulation (Sec. 284.7(c)(6)) that doesn't require a pipeline to publicly disclose its discounts until 15 days after the close of the billing period to which the discount pertained. The commercial people need to decide if we care about this issue--i.e., how upset will the customers

Subject: "DuPont".

Body: Hey gang: I think that we should do the case. I'm willing to help draft, and willing to take a first crack at putting some bullets together about the direction I think the memo ought to take and distribute that by about 5 PM tomorrow. Though it would be good for other folks to do same and then we could compare notes. Makes sense? Thoughts? Suggestions? Best,

Subject: "Upcoming Seminars".

Body:
Tana: I have asked Suzanne to reserve the following dates for the big conference room on 30 for our upcoming lunch seminars: Friday, May 5th, Thursday, May 25th and Friday, June 16th. Sara and I are going to try and set something up with the weather group for the May 5th date if that works for them. Can we plan on scheduleing something with the confirms group and the global contracts group for the other 2 dates? Sara and I need to talk about what to do with the credit group. Carol