IN: Upon becoming a NEPOOL member, EESI chose to satisfy the Financial Assurance Policy requirement by issuance of Performance Bond(s) via Fireman's Fund Insurance Company, which issued a Performance Bond in the amount of $8,000,000. On or about October 12, 2001, EESI received a letter from ISO New England dated October 10, 2001, indicating that EESI's current Performance Bond was insufficient and that EESI needed to increase the amount to $11,703,018.75 to cover EESI's current activity level. In telephone conversations with ISO-NE, EESI was informed that in order to avoid Financial Assurance Default the matter needed to be resolved within ten (10) days of the date of the October 10, 2001 letter (October 19, 2001). By October 16, EESI had requested a bond increase in the EESI NEPOOL Performance Bond to $20,000,000, but encountered delays in working with the bond company. EESI Credit Department personnel sent ISO-NE personnel on October 19, 2001, via FAX, a copy of the request to the bond company for revisions to the Performance Bond, and indicated EESI was working diligently to resolve the matter. Following resolution of delays with the bond company, a bond increase was issued by the bond company on October 23, 2001, executed by EESI on October 23, 2001 and forwarded via FAX and Overnight Mail to ISO-NE on October 23, 2001. EESI was unable to comply with the October 19, 2001 deadline to resolve the Financial Assurance Default due to delays with the bond company as mentioned above.

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OUT: Summary version

IN: The online team called and they would like a rush approval for Duke Energy Merchants LLC. In particular, this counterparty would like to trade European physical coal. Please let me know as soon as possible whether you have any problems with this counterparty.

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OUT: RUSH EOL Approval

IN: Although this entity was sold earlier this year, an announcement e-mail was not issued at that time due to lack of complete documentation. On March 30, 2001, Fountain Valley Power, L.L.C. (87V-FVPL) sold; 100 percent of the ownership interest was assigned to Black Hills Fountain Valley, L.L.C. Please share with interested individuals within your groups. Corporate Records - - Evidence to be hand delivered.

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OUT: Sale of Fountain Valley Power, L.L.C.

IN: Susan, I am busy this morning. Can we do this early this afternoon, say at 1:30? Also can you please send an email to my supervisor Chris Constantine and our main business user Bjorn Hagelmann to outline what the request is. Thanks,

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OUT:
Curve mapping