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Joint Center Update 01-12 December 7, 2001 UPCOMING EVENT December 18, 2001--AIRLINES IN THE AFTERMATH. What should the government do now that airlines are facing financial crisis as a result of September 11th? The Joint Center and the Cato Institute will convene a panel of experts to discuss possible solutions.

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OUT: Joint Center Update 01-12

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In the interest of moving things forward, it would help if you could provide the following info: 1. Hand-marked copy of the portions of the current contract which need to be changed. 2. A brief description of the new deal, especially the index language. I know VEPCO may be preparing a first draft, but I think it would be good to get some focus ahead of time. Kay

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The attached document contains the EPMI average prices for all delivery points for Sun., March 25, and Mon., March 26. Please let me know if you have any problems opening the document or reading it. The worksheet should look identical to the fax I send each day. An additional worksheet shows a detail of each deal volume and price. I'm in the habit of excluding the counterparty names (to save time) because I'm the only one who looks at this sheet normally; but if you'd like me to start e-mailing instead of faxing the prices I will begin entering the counterparty names as well. Thanks,

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OUT:
Dow Jones Index 3-26