Spreadsheet: richard_ring__31565__Product Offering
Sheet: Sheet1

 | Enron Renewable Power Desk
 | Product Offering
 | Renewable Energy Credits (RECs)
 | Renewable Energy Credits (RECs) represent the environmental attributes of electricity generated by wind, biomass, geothermal,
 | solar and small hydroelectric projects. Also known as "Green Tags," RECs can be bought and sold separately from physical electricity
 | but are commonly bundled with fixed-price electricity to create a firm renewable energy product. The sale of RECs bundled with commodity energy
 | is the most common practice in the field of green power marketing. RECs are sold in units of 1MWh. Each REC captures the following
 | environmental attributes: [NAME], Sulphur Dioxide, Nitrous Oxide, and Particulates. The sale of a REC transfers title
 | to all of these attributes to the buyer. RECs are certified by a variety of organizations across the country, including the California Energy Commission
 | and ERCOT. Each REC sale must be verified and retired through the appropriate registry. The Renewable Power Desk handles these logistics.
 | Theoretically, RECs can be traded nationally, but most customers prefer that their RECs are produced, at a minimum, in the same NERC region as their load.
 | For this reason, we have organized our REC offerings by NERC region. The price for RECs is determined by local supply/demand dynamics.
 | Since 1996, when the first RECs were traded, market forces have priced New Wind as the premium resource, followed by New Biomass and New
 | Geothermal. This phenomenon is a result of a common environmental perception that New Wind is the most environmentally friendly renewable
 | resource. RECs can be combined in different "blends" to meet the specific environmental preferences and pricing points of different customers.
 | For example, New Wind tags can be combined with New Biomass tags to create a 100% renewable product that is more affordable than a 100%
 | New Wind Product. There is a national organization, known as the Green-e, which certifies renewable energy products. The Green-e
 | requires that all certified products contain a minimum amount of new renewable resources. All of the products offered by the Renewable Power Desk
 | are Green-e certified. Customers who purchase renewable power from Enron are automatically enrolled in Enron's Green Power Alliance Program and will
 | receive a certificate of participation and will be formally recognized through an individual press release disseminated through the national media
 | All prices in $/MWh, 3-year Terms
 | NERC REGION |  |  |  | PRODUCT |  |  |  | PRICE
 | WSCC |  |  |  | 100% Wind |  |  |  | $XX.00
 | WSCC |  |  |  | 75% Wind |  |  |  | $XX.00
 | WSCC |  |  |  | 60% Wind |  |  |  | $XX.00
 | WSCC |  |  |  | 100% Biomass |  |  |  | $XX.00
 | WSCC |  |  |  | 80% Wind/20% Biomass |  |  |  | $XX.00
 | WSCC |  |  |  | 60% Wind/40% Biomass |  |  |  | $XX.00
 | ERCOT |  |  |  | 100% Wind |  |  |  | $XX.00
 | ERCOT |  |  |  | 75% Wind |  |  |  | $XX.00
 | ERCOT |  |  |  | 60% Wind |  |  |  | $XX.00
 | ERCOT |  |  |  | 100% Biomass |  |  |  | $XX.00
 | ERCOT |  |  |  | 80% Wind/20% Biomass |  |  |  | $XX.00
 | ERCOT |  |  |  | 60% Wind/40% Biomass |  |  |  | $XX.00
 | PJM |  |  |  | 100% Wind |  |  |  | $XX.00
 | PJM |  |  |  | 75% Wind |  |  |  | $XX.00
 | PJM |  |  |  | 60% Wind |  |  |  | $XX.00
 | PJM |  |  |  | 100% Biomass |  |  |  | $XX.00
 | PJM |  |  |  | 80% Wind/20% Biomass |  |  |  | $XX.00
 | PJM |  |  |  | 60% Wind/40% Biomass |  |  |  | $XX.00
 | The Renewable Power Desk can create custom blends and products with different terms. For firm pricing or further inquiries, please contact:
 | [NAME]
 | Enron Renewable Power Desk
 | Enron Wholesale Services
 | (713) 853-3561