Subject: "Idacorp".

Body: Rod and Brant: I finally received their revised draft of the Schedules. They are still insisting on an Additional Termination Event that gets triggered if there is a MAC. As defined, MAC means a rating that is below BBB- OR Baa3 or failure to have a rating from either S&P OR Moody's. I need your guidance on this. MAC as defined in the CSA which triggers the threshold going to zero works the same way. I seem to recall that from a credit standpoint, we were okay with a MAC that would be triggered if either rating fell. Is that correct? Carol

Subject: "Correction !!!!! Correction !!!!!".

Body: Please make a note.... The QBR is August 30th not August 20th. Sorry for any inconvenience. This is to remind you of the following meeting:

Subject: "Xcel Energy Inc. to Northern States Power Company".

Body: On Aug. 18, 2000, New Century Energies, Inc. and Northern States Power Company (NSP) merged and formed Xcel Energy Inc. As part of the merger, NSP transferred its existing utility operations that were being conducted directly by NSP at the parent company level to a newly formed subsidiary of Xcel Energy named Northern States Power Company. Because of the merger, the record was overlayed in Global Counterparty and all history for Northern States Power Company is now under Xcel Energy. A new Northern States Power Company record has been created in Global. I will be moving all Xcel deals with a July 1, 2001 forward flow date to the newly created record for Northern States Power Company. Xcel Energy will be inactivated in Enpower. Please choose Northern States Power Company (NORTHERNST) for future deals with this counterparty.

Subject: "EGM business presentation".

Body:
Guys, Attached, for your information, is a copy of a general presentation that I prepared to illustrate and describe EGM's businesses. This is a presentation that will become a "living" document to communicate our businesses and growth. I will be making numerous changes as we move closer to the analyst meeting in January but I wanted to give everyone a copy of this version. Please don't hesitate to call me if you have any questions or comments. Mike