Spreadsheet: richard_shapiro__32455__MTMcalc
Sheet: Sheet1

 |  |  | Total |  |  |  | Contracted |  |  |  | Non-Contracted |  |  | Contractual/Spot |  | MTM
 |  |  |  |  |  |  |  |  |  |  |  |  |  | Spread |  | Position |  | 8 yr BBB- Utility Interest Rate |  |  | 0.0734
 |  |  | Total Cost | [NAME] |  |  | Cost | [NAME] |  |  | Cost | [NAME] |  |  |  |  |  | Source: [NAME] 5/10/01
 |  | Mwh | ($1000s) | ($/Mwh) |  | Mwh | ($1000s) | ($/Mwh) |  | Mwh | ($1000s) | ($/Mwh) |  | ($1000s) |  | ($1000s)
2001 | Q1 | 13308000 |  | 285 |  | n/a | n/a | n/a |  | n/a | n/a | n/a
 | Q2 | 17301661 |  | 263 |  | 6835030 |  | 135 |  | 10466630 |  | 346
 | Q3 | 21250889 |  | 173 |  | 8241181 |  | 138 |  | 13009708 |  | 195
 | Q4 | 17494520 |  | 177 |  | 7583534 |  | 124 |  | 9910986 |  | 216
2002 | Q1 | 13607508 |  | 135 |  | 8874797 |  | 100 |  | 4732711 |  | 200
 | Q2 | 15078598 |  | 127 |  | 9736927 |  | 106 |  | 5341672 |  | 166
 | Q3 | 21547911 |  | 131 |  | 12466863 |  | 112 |  | 9081049 |  | 157
 | Q4 | 18261734 |  | 121 |  | 11408290 |  | 93 |  | 6853444 |  | 168
2003 | Q1 | 16026397 |  | 98 |  | 12528699 |  | 87 |  | 3497698 |  | 137
 | Q2 | 16532781 |  | 92 |  | 13862979 |  | 87 |  | 2669802 |  | 117
 | Q3 | 24085451 |  | 98 |  | 18336722 |  | 92 |  | 5748729 |  | 120
 | Q4 | 22311602 |  | 83 |  | 19737558 |  | 81 |  | 2574043 |  | 103
2004 | Q1 | 21643805 |  | 77 |  | 21398531 |  | 76 |  | 245274 |  | 91
 | Q2 | 20861843 |  | 77 |  | 20019949 |  | 77 |  | 841894 |  | 91
 | Q3 | 26363885 |  | 82 |  | 21412396 |  | 81 |  | 4951489 |  | 85
 | Q4 | 24659502 |  | 73 |  | 23182863 |  | 74 |  | 1476640 |  | 67
2005 | Q1 | 21135169 |  | 67 |  | 20750188 |  | 66 |  | 384980 |  | 80
 | Q2 | 20467158 |  | 68 |  | 19542403 |  | 67 |  | 924755 |  | 79
 | Q3 | 27079042 |  | 73 |  | 20486838 |  | 74 |  | 6592204 |  | 71
 | Q4 | 24684859 |  | 66 |  | 21060134 |  | 65 |  | 3624725 |  | 68
2006 | Q1 | 21949030 |  | 60 |  | 21151029 |  | 59 |  | 798000 |  | 82
 | Q2 | 21490395 |  | 62 |  | 19575129 |  | 60 |  | 1915266 |  | 79
 | Q3 | 28313503 |  | 68 |  | 19753088 |  | 67 |  | 8560415 |  | 71
 | Q4 | 25180516 |  | 62 |  | 19795707 |  | 59 |  | 5384808 |  | 71
2007 | Q1 | 21684137 |  | 61 |  | 19359819 |  | 58 |  | 2324318 |  | 81
 | Q2 | 22053673 |  | 63 |  | 18428604 |  | 60 |  | 3625069 |  | 77
 | Q3 | 29732503 |  | 68 |  | 19684263 |  | 67 |  | 10048240 |  | 70
 | Q4 | 26183861 |  | 62 |  | 19591520 |  | 59 |  | 6592341 |  | 71
2008 | Q1 | 22554855 |  | 61 |  | 19153515 |  | 58 |  | 3401340 |  | 79
 | Q2 | 23429388 |  | 63 |  | 18763391 |  | 60 |  | 4665997 |  | 77
 | Q3 | 31332995 |  | 68 |  | 19294144 |  | 67 |  | 12038851 |  | 71
 | Q4 | 27099273 |  | 62 |  | 18854008 |  | 59 |  | 8245265 |  | 70
2009 | Q1 | 23076526 |  | 61 |  | 18797465 |  | 58 |  | 4279061 |  | 77
 | Q2 | 24316954 |  | 63 |  | 18709911 |  | 60 |  | 5607044 |  | 75
 | Q3 | 32144744 |  | 68 |  | 19293801 |  | 67 |  | 12850943 |  | 71
 | Q4 | 27451467 |  | 63 |  | 18779557 |  | 59 |  | 8671910 |  | 70
2010 | Q1 | 23781978 |  | 62 |  | 18709260 |  | 58 |  | 5072718 |  | 76
 | Q2 | 24950229 |  | 64 |  | 18604505 |  | 60 |  | 6342724 |  | 74
 | Q3 | 33368529 |  | 69 |  | 18922185 |  | 67 |  | 14446344 |  | 71
 | Q4 | 28418492 |  | 63 |  | 18490208 |  | 59 |  | 9928284 |  | 71