Spreadsheet: benjamin_rogers__908__PJM
Sheet: PJM

 | PJM Pricing Model |  |  |  |  |  |  |  |  |  |  |  |  | Month |  | P/L | YTD
 |  |  |  |  |  |  |  |  | Last P/L |  | 6000000 |  |  | Jan |  | 4341185
 |  |  |  |  |  |  |  |  |  |  |  |  |  | Feb |  | 2727353
 |  |  |  |  |  |  |  |  | Curve Shift |  |  |  |  | Mar |  | 9140760 |  | 15429298
 |  |  |  |  |  |  |  |  | Off peak C/S |  |  |  |  | Apr |  | 6260313
 |  |  |  |  |  |  |  |  | Liguidations |  | 0 |  |  | May |  | 30061192
 |  |  |  |  |  |  |  |  | Gas Positions |  |  |  |  | Jun |  | 15800000 |  | 52070609
 |  |  |  |  |  |  |  |  | Gas New Deals |  |  |  |  | Jul |  | 11105553
 |  |  |  |  |  |  |  |  | New deals |  |  |  |  | Aug |  | 6207418
 |  |  |  |  |  |  |  |  |  |  |  |  |  | Sep |  | 5279311 |  | 22509000
 |  |  |  |  |  |  |  |  |  |  |  |  |  | Oct |  | 8730184
 |  |  |  |  |  |  |  |  | MTD |  |  |  |  | Nov
 |  |  |  |  |  |  |  |  |  |  |  |  |  | Dec
 | Term | Position | # days | MWh's |  | Old Mark | New Mark |  | Change |  | P/L |  |  |  |  | New Deals | Buys |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | P/L |  | New Deals | Sells |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | P/L
 | Cash 2 | 0 | 5 |  |  | 36 | 36 |  |  |  |  |  |  |  |  | Cash |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Cash
 | Cash 3 | 0 | 3 |  |  | 37 | 37 |  |  |  |  |  |  |  |  | Cash |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Cash
 | 2001-12-01 00:00:00 | 550 | 20 |  |  | 24.5 | 24.5 |  |  |  |  |  |  |  |  | 2001-12-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2001-12-01 00:00:00
 | 2002-01-01 00:00:00 | 24 | 22 |  |  | 28.5 | 29.4 |  |  |  |  |  | Cal 02  On |  |  | 2002-01-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-01-01 00:00:00 | 32.85 | 32.85
 | 2002-02-01 00:00:00 | 24 | 20 |  |  | 28.5 | 29.4 |  |  |  |  |  |  | 52.75 |  | 2002-02-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-02-01 00:00:00 | 32.85 | 32.85
 | 2002-03-01 00:00:00 | 253 | 21 |  |  | 27 | 27.5 |  |  |  |  |  | Cal 02  Off | 34.25 |  | 2002-03-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-03-01 00:00:00
 | 2002-04-01 00:00:00 | 253 | 22 |  |  | 27 | 27.5 |  |  |  |  |  | Cal 02  7x24 |  |  | 2002-04-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-04-01 00:00:00
 | 2002-05-01 00:00:00 | -150 | 22 |  |  | 30 | 30.25 |  |  |  |  |  |  |  |  | 2002-05-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-05-01 00:00:00
 | 2002-06-01 00:00:00 | -200 | 20 |  |  | 39.75 | 40.25 |  |  |  |  |  |  |  |  | 2002-06-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-06-01 00:00:00
 | 2002-07-01 00:00:00 | -750 | 22 |  |  | 52 | 53.25 |  |  |  |  |  |  |  |  | 2002-07-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-07-01 00:00:00
 | 2002-08-01 00:00:00 | -750 | 22 |  |  | 52 | 53.25 |  |  |  |  |  |  |  |  | 2002-08-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-08-01 00:00:00
 | 2002-09-01 00:00:00 | 650 | 20 |  |  | 27 | 27 |  |  |  |  |  |  |  |  | 2002-09-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-09-01 00:00:00
 | 2002-10-01 00:00:00 | 2700 | 23 |  |  | 26.75 | 26.35 |  |  |  |  |  |  |  |  | 2002-10-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-10-01 00:00:00
 | 2002-11-01 00:00:00 | 2700 | 20 |  |  | 26.75 | 26.35 |  |  |  |  |  |  |  |  | 2002-11-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-11-01 00:00:00
 | 2002-12-01 00:00:00 | 2700 | 21 |  |  | 26.75 | 26.35 |  |  |  |  |  |  |  |  | 2002-12-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-12-01 00:00:00
 | 2003-01-01 00:00:00 | -250 | 22 |  |  | 30.5 | 30.75 |  |  |  |  |  | Cal 03  On |  |  | 2003-01-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2003-01-01 00:00:00
 | 2003-02-01 00:00:00 | -250 | 20 |  |  | 30.5 | 30.75 |  |  |  |  |  |  |  |  | 2003-02-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2003-02-01 00:00:00
 | 2003-03-01 00:00:00 | -250 | 21 |  |  | 29 | 29 |  |  |  |  |  |  |  |  | 2003-03-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2003-03-01 00:00:00
 | 2003-04-01 00:00:00 | -250 | 22 |  |  | 29 | 29 |  |  |  |  |  |  |  |  | 2003-04-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2003-04-01 00:00:00
 | 2003-05-01 00:00:00 | -400 | 21 |  |  | 30.25 | 31 |  |  |  |  |  |  |  |  | 2003-05-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2003-05-01 00:00:00
 | 2003-06-01 00:00:00 | -400 | 21 |  |  | 40.25 | 40 |  |  |  |  |  |  |  |  | 2003-06-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2003-06-01 00:00:00
 | 2003-07-01 00:00:00 | 100 | 22 |  |  | 50 | 51.75 |  |  |  |  |  |  |  |  | 2003-07-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2003-07-01 00:00:00
 | 2003-08-01 00:00:00 | 100 | 21 |  |  | 50 | 51.75 |  |  |  |  |  |  |  |  | 2003-08-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2003-08-01 00:00:00
 | 2003-09-01 00:00:00 | 0 | 21 |  |  | 28.75 | 28.5 |  |  |  |  |  |  |  |  | 2003-09-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2003-09-01 00:00:00
 | 2003-10-01 00:00:00 | -50 | 23 |  |  | 28.75 | 28.5 |  |  |  |  |  |  |  |  | 2003-10-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2003-10-01 00:00:00
 | 2003-11-01 00:00:00 | -50 | 19 |  |  | 28.75 | 28.5 |  |  |  |  |  |  |  |  | 2003-11-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2003-11-01 00:00:00
 | 2003-12-01 00:00:00 | -50 | 22 |  |  | 28.75 | 28.5 |  |  |  |  |  |  |  |  | 2003-12-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2003-12-01 00:00:00
 | 2004-01-01 00:00:00 | 150 | 22 |  |  | 31 | 30.75 |  |  |  |  |  | Cal 04  On
 | 2004-02-01 00:00:00 | 150 | 20 |  |  | 31 | 30.75
 | 2004-03-01 00:00:00 | 100 | 21 |  |  | 29.25 | 29.25
 | 2004-04-01 00:00:00 | 100 | 22 |  |  | 29.25 | 29.25
 | 2004-05-01 00:00:00 | 0 | 21 |  |  | 30.75 | 30.5
 | 2004-06-01 00:00:00 | 50 | 21 |  |  | 40.75 | 40
 | 2004-07-01 00:00:00 | 180 | 22 |  |  | 50.25 | 51.75
 | 2004-08-01 00:00:00 | 180 | 21 |  |  | 50.25 | 51.75
 | 2004-09-01 00:00:00 | 0 | 21 |  |  | 29.25 | 28.75
 | 2004-10-01 00:00:00 | 0 | 23 |  |  | 29 | 28.75
 | 2004-11-01 00:00:00 | 0 | 19 |  |  | 29 | 28.75
 | 2004-12-01 00:00:00 | 0 | 22 |  |  | 29 | 28.75
 | Cal 05 | 80 | 255 |  |  | 34.23 | 34.23
 | Cal 06 | 11 | 254 |  |  | 34.69 | 34.69
 | Cal 07 | 30 | 255 |  |  | 35 | 35
 | Cal 08 | 11 | 256 |  |  | 35.3 | 35.3
 | Cal 09 | -17 | 256 |  |  | 35.94 | 35.94
 | Cal 10 | -30 | 256 |  |  | 36.02 | 36.02
 | Cinergy
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | New Deals |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | P/L
 | Term | Position | # days | MWh's |  | New Mark | New Mark |  | Change |  | P/L
 | 2001-12-01 00:00:00 | 0 | 20 |  |  | 31.5 | 31.5 |  |  |  |  |  |  |  |  | 2001-12-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2001-12-01 00:00:00
 | 2002-01-01 00:00:00 | 0 | 22 |  |  | 32.42 | 32.42 |  |  |  |  |  | Cal 02  On |  |  | 2002-01-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-01-01 00:00:00
 | 2002-02-01 00:00:00 | 0 | 20 |  |  | 32.07 | 32.07 |  |  |  |  |  |  |  |  | 2002-02-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-02-01 00:00:00
 | 2002-03-01 00:00:00 | 0 | 21 |  |  | 30.52 | 30.52 |  |  |  |  |  |  |  |  | 2002-03-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-03-01 00:00:00
 | 2002-04-01 00:00:00 | 0 | 22 |  |  | 30.97 | 30.97 |  |  |  |  |  |  |  |  | 2002-04-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-04-01 00:00:00
 | 2002-05-01 00:00:00 | 0 | 22 |  |  | 33.25 | 33.25 |  |  |  |  |  |  |  |  | 2002-05-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-05-01 00:00:00
 | 2002-06-01 00:00:00 | 0 | 20 |  |  | 41 | 41 |  |  |  |  |  |  |  |  | 2002-06-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-06-01 00:00:00
 | 2002-07-01 00:00:00 | 0 | 22 |  |  | 57.75 | 57.75 |  |  |  |  |  |  |  |  | 2002-07-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-07-01 00:00:00 | 56.5
 | 2002-08-01 00:00:00 | 0 | 22 |  |  | 57.75 | 57.75 |  |  |  |  |  |  |  |  | 2002-08-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-08-01 00:00:00 | 56.5
 | 2002-09-01 00:00:00 | 0 | 20 |  |  | 29.25 | 29.25
 | 2002-10-01 00:00:00 | 0 | 23 |  |  | 29.81 | 29.81
 | 2002-11-01 00:00:00 | 0 | 20 |  |  | 30.01 | 30.01
 | 2002-12-01 00:00:00 | 0 | 21 |  |  | 30.21 | 30.21
 | Cal 02 | 0 | 255 |  |  | 49.98 | 49.98 |  |  |  |  |  |  |  |  | 2002-04-01 00:00:00 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2002-04-01 00:00:00
 | Cal 05 | 0 | 255 |  |  | 34.75 | 34.75
 | Gas Positions
 | Term | Position | # days | [NAME]'s |  | Old Mark | New Mark |  | Change |  | P/L |  | New Deals |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | P/L |  | New Deals | Sells |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | P/L
 | 2002-01-01 00:00:00 | -10000 | 30 |  |  | 2.701 | 2.701
 | 2002-02-01 00:00:00 | -20000 | 29 |  |  | 2.786 | 2.786
 | Apr - Oct | -5000 | 214 |  |  | 2.81 | 2.81
 | [NAME] | -10000 | 151 |  |  | 3.21 | 3.21 |  |  |  |  |  | [NAME] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | [NAME]
 | Cal 02 | 0 | 365 |  |  | 3.14 | 3.14 |  |  |  |  |  | Cal 02
 | Cal 03 | -10000 | 365 |  |  | 3.242 | 3.242 |  |  |  |  |  | Cal 03
 | Cal 04 | 0 | 365 |  |  | 3.48 | 3.48 |  |  |  |  |  | Cal 04
 | Cal 05 | 0 | 365 |  |  | 4.206 | 4.206 |  |  |  |  |  | Cal 05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Cal 05
 | Cal 06 | 0 | 365 |  |  | 4.226 | 4.226 |  |  |  |  |  | Cal 06 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Cal 06
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | AGA
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Last Yr | 10 | Total Inventory
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1822
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 97 | 110
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 70 | 110
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 54 | 84
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 63 | 77
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 65 | 80
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 52 | 49
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 55 | 87
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 52 | 76
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 42 | 77
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 72 | 95
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 67 | 90
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 77 | 91
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 78 | 66
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 62 | 65
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 29 | 63
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 71 | 25 |  |  |  | High | Low | Average
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | End Oct | 70 | 23 |  | Last Year | Diff | 3094 | 2725 | 3007
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7 yr average | 36 | 18 | 10 |  | 2748
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -6 | -8 | 17 |  | 2742
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -94 | -57 | 15 |  | 2648
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -146 | -64 | 12 |  | 2502
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -73 | -62 | -16 |  | 2429
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -158 | -66 | -40 |  | 2271
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -158 | -122 | -65 |  | 2113
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -175 | -133 | -100 |  | 1938
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -209 | -135 |  |  | 1729
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -167 | -131
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -103 | -133
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -90 | -155
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -128 | -153
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -105 | -145
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -95 | -132
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -81 | -116
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -101 | -75
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -73 | -77
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -75 | -77
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | -23 | -71
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | End Mar | -12 | -41 |  |  |  |  | 1372 | 625 | 1055