Spreadsheet: elizabeth_sager__9577__Watch List 121100
Sheet: Watch List 12-11-00

 | POWER CREDIT WATCH LIST, AS OF 12/11/2000, CALL 3-1803
CALL CREDIT FOR APPROVAL FOR TRADES WITH ANY COUNTERPARTY THAT EXPIRE BEYOND 12 MONTHS FROM THE CURRENT DEAL DATE.
 | Call credit for approval for deals with any counterparties that have not traded with EPMI within the past SIX MONTHS.
 |  | Counterparty | Physical | [NAME] | Financial | [NAME]
 |  | ABAG POWER | NO TRADES | N/A | NO TRADES | N/A
 |  | ACN Power, Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | AES Power Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | Allegheny Electric Cooperative, Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | Alliant Services Company | Call Credit for approval beyond | 1 Month | NO TRADES | N/A
 |  | Alternate Power Source, Inc. | Call Credit for approval | Any trade | Call Credit for approval | Any Trades
 |  | Ameren Services Company | Call Credit for approval beyond | 12 Months | NO TRADES | N/A
 |  | American Municipal Power-Ohio Inc. | Call Credit for approval | Any Trade | NO TRADES | N/A
 |  | Avista Energy, Inc. | OK - master, Call beyond | 12 Months | OK - master | 12 Months
 |  | AYP Energy, Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | Ballard Petroleum LLC | L/C or prepay required | N/A | NO TRADES | N/A
 |  | Besicorp Group Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | Big Rivers Electric Corporation | NO TRADES | N/A | NO TRADES | N/A
 |  | Blackhills-Pepperell Power Associates, Inc | Call Credit for approval | Any Trade | Call Credit for approval | Any Trade
 |  | Blue Earth, City of | NO TRADES | N/A | NO TRADES | N/A
 |  | Braintree Electric Light Department | Call Credit for approval | Any Trade | NO TRADES | N/A
 |  | Cajun Electric Power Cooperative, Inc. | Call Credit for approval | Any Trade | NO TRADES | N/A
 | X | Calpine Power Services Company | OK - master | 1 month | Trade subject to credit | Any Trade
 |  | Cargill-Alliant LLC | Call Credit for approval beyond | 9 months | Trade subject to credit | Any Trade
 |  | Central Hudson Enterprises Corporation | Call Credit for approval | Any Trade | NO TRADES | N/A
 |  | Central Maine Power Company Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | Central Minnesota Municipal Power Agency | NO TRADES | N/A | NO TRADES | N/A
 |  | Central Vermont Public Service Corp. | Call Credit for approval beyond | Day Trades | NO TRADES | N/A
 |  | Chicago Electric Trading, LLC | NO TRADES | N/A | NO TRADES | N/A
 |  | Cinergy Capital and Trading, Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | Citizens Power Sales | NO TRADES | N/A | NO TRADES | N/A
 | X | City of Redding, CA | OK - master, Call beyond | 1 month | Trade subject to credit | Any trade
 |  | City of Springfield, IL | NO TRADES | N/A | NO TRADES | N/A
 |  | CNG Power Services Corporation | NO TRADES | N/A | NO TRADES | N/A
 |  | Commercial Energy of Montana | NO TRADES | N/A | NO TRADES | N/A
 |  | Commonwealth Energy Corporation | NO TRADES | N/A | NO TRADES | N/A
 |  | Connecticut Light and Power | Call Credit for approval | Day Trades | NO TRADES | N/A
 |  | Connecticut Municipal Electric Energy Coop | Call Credit for approval | Any Trade | NO TRADES | N/A
 |  | Conoco Power Marketing, Inc. | Call Credit for approval | Any Trade | NO TRADES | N/A
 |  | Consolidated Edison Energy, Inc. | Call Credit for approval | 1 month | NO TRADES | N/A
 |  | Cook Inlet Energy Supply | NO TRADES | N/A | NO TRADES | N/A
 |  | CSW Energy Services, Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | DePere Energy Marketing Inc | NO TRADES | N/A | NO TRADES | N/A
 |  | Deseret Generation & Transmission Cooperat | Call Credit for approval | Any trade | Call Credit for approval | Any trade
 |  | DPL Energy | NO TRADES | N/A | NO TRADES | N/A
 |  | DTE Energy Trading, Inc. | OK - master, Call beyond | 12 months | NO TRADES | N/A
 |  | e prime, Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | East Texas Electric Cooperative, Inc. | Call Credit for approval | Any Trade | Call Credit for approval | Any Trade
 |  | Eastern Pulp and Paper Corp. | NO TRADES | N/A | NO TRADES | N/A
 |  | Eastern Utilities Associates | Call Credit for approval | Any Trade | NO TRADES | N/A
 |  | Edison Mission Marketing & Trading, Inc. | Call Credit for approval beyond | 2000-03-01 00:00:00 | NO TRADES | N/A
 | X | El Paso Electric Company | Call Credit for approval beyond | 3 months | NO TRADES | N/A
 |  | Electric Energy, Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | Energy 2000 | NO TRADES | N/A | NO TRADES | N/A
 |  | Energy Clearinghouse Corporation | NO TRADES | N/A | NO TRADES | N/A
 |  | Energy New England, LLC | Call Credit for approval | Any Trade | NO TRADES | N/A
 |  | Energy Services, Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | Energy West Resources, Inc. | L/C or prepay required | Any Trade | L/C or prepay required | Any Trade
 |  | Enersys | NO TRADES | N/A | NO TRADES | N/A
 |  | EnerZ Corporation | NO TRADES | N/A | NO TRADES | N/A
 |  | Entergy Services, Inc. | Call Credit for approval | Any Trade | NO TRADES | N/A
 |  | Eugene Water & Electric Board | Call Credit for approval beyond | 1 month | Call Credit for approval beyond | 1 month
 |  | [NAME] | Call Credit for approval beyond | 7 Months | NO TRADES | N/A
 |  | Federal Energy Sales Inc | NO TRADES | NA | NO TRADES | NA
 |  | Friendly Power Co LLC | NO TRADES | N/A | NO TRADES | N/A
 |  | Gen~Sys | Call Credit for approval other than | Day Trades | Trade subject to credit | Any Trade
 |  | GPU Advanced Resources | Call Credit for approval beyond | 1 Month | NO TRADES | N/A
 |  | Great Bay Power Corporation | Call Credit for approval | Any Trade | NO TRADES | N/A
 |  | Great River Energy | NO TRADES | N/A | NO TRADES | N/A
 |  | Green Mountain Power Cooperative | Call Credit for approval | Any Trade | Call Credit for approval | Any Trade
 |  | Griffin Energy Marketing, LLC | OK - master, Call beyond | 6 Months | Trade subject to credit | Any Trade
 |  | Hafslund Energy Trading LLC | Call Credit for approval | Any trades | Call Credit for approval | Any trades
 |  | Hoosier Energy Rural | NO TRADES | N/A | NO TRADES | N/A
 |  | Illinova Power Marketing, Inc. | Call Credit for approval other th | Day Trades | NO TRADES | N/A
 |  | Indiana Municipal Power Agency | Call Credit for approval other th | Day Trades | Call Credit for approval | Any Trade
 |  | KeySpan Energy Services, Inc. | Call Credit for approval | Any Trade | Call Credit for approval | Any Trade
 |  | Lincoln County Publishing Co. | NO TRADES | N/A | NO TRADES | N/A
 |  | Louisiana-Pacific Corporation | OK - master, Call beyond | 1 Month | Trade subject to credit | Any Trade
 | X | Merchant Energy Group of the Americas, Inc | OK - master, Call beyond | 3 months | Call Credit for approval | 3 months
 |  | Michigan Energy Exchange | NO TRADES | N/A | NO TRADES | N/A
 |  | Michigan Public Power Agency | Call Credit for approval | Any Trade | Trade subject to credit | Any Trade
 |  | Midland Cogeneration Venture, L.P. | Call Credit for approval | Any Trade | NO TRADES | N/A
 | X | Mieco, Inc. | OK - master, Call beyond | 3 months | OK - master, Call beyond | 3 months
 |  | Minnesota Municipal Power Agency | L/C or prepay required | Any Trade | NO TRADES | N/A
 |  | Missouri River Energy Services | Call Credit for approval beyond | Day Trades | Trade subject to credit | Any Trade
 |  | Montana Power Trading & Marketing Company | Call Credit for approval | 1 Month | NO TRADES | N/A
 |  | Montaup Electric Company | Call Credit for approval | Any Trade | NO TRADES | N/A
 |  | NESI Power Marketing, Inc. | NO TRADES | N/A | NO TRADES | N/A
 | A | The New Power Company | NO TRADES | N/A | NO TRADES | N/A
 |  | NewEnergy, Inc. | Call Credit for approval | Any Trade | Call Credit for approval | Any Trade
 |  | [NAME] | OK - master, Call beyond | Day Trades | NO TRADES | N/A
 |  | Niagara Mohawk Power Corporation | Call Credit for approval beyond | 1 Month | Call Credit for approval beyond | 1 Month
 |  | Nipsco Energy Services, Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | North American Energy Conservation, Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | Northeast Utilities Service Company | Call Credit for approval | 1 Month | NO TRADES | N/A
 |  | Northern California Power Agency | Call Credit for approval beyond | 1 month | NO TRADES | N/A
 |  | Northern/AES Energy, LLC | Call Credit for approval | Any Trade | NO TRADES | N/A
 |  | NP Energy, Inc. | NO TRADES | N/A | NO TRADES | N/A
 | X | NRG Power Marketing, Inc. | Call Credit for approval beyond | 3 months | Call Credit for approval beyond | 3 months
 |  | NUI Energy Brokers, Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | NYSEG Solutions Inc. | L/C or prepay required | Any Trade | NO TRADES | N/A
 |  | Okeelanta Sugar Corporation | NO TRADES | N/A | NO TRADES | N/A
 |  | Pacific Northwest Generating Cooperative | L/C or prepay required | Any Trade | NO TRADES | N/A
 |  | PanCanadian Energy Services, Inc. | Call Credit for approval | Any Trade | Call Credit for approval | Any Trade
 |  | People's Electric Cooperative | NO TRADES | N/A | NO TRADES | N/A
 |  | Plains Electric Generation & Transmission | Call Credit for approval | Any Trade | NO TRADES | N/A
 |  | Power Company of America, L.P., The | NO TRADES | N/A | NO TRADES | N/A
 |  | Power Resources Managers, LLC | NO TRADES | N/A | NO TRADES | N/A
 | X | PPL Montana, LLC | Call Credit for approval beyond | 1 month | NO TRADES | N/A
 |  | Preferred Energy Services | NO TRADES | N/A | NO TRADES | N/A
 |  | Proliance Energy, LLC | NO TRADES | N/A | NO TRADES | N/A
 |  | PSEG Energy Technologies Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | Public Service Company of New Hampshire | Call Credit for approval | Day Trades | NO TRADES | N/A
 |  | PUD No. 2 of Grant County | Call Credit for approval beyond | 1 year | Trade subject to credit | Any Trade
 |  | PUD No.1 of Benton County, WA | Call Credit for approval beyond | 2 Months | Trade subject to credit | Any Trade
 |  | PUD No.1 of Grays Harbor County | Call Credit for approval beyond | Day Trades | Trade subject to credit | Any Trade
 |  | P.U.D. of Franklin County | Call Credit for approval beyond | Day Trades | Trade subject to credit | Any Trade
 |  | QST Energy Trading Inc. | OK - master | 1 Month | NO TRADES | N/A
 |  | Rainbow Energy Marketing Corporation | NO TRADES | N/A | NO TRADES | N/A
 |  | Sacramento Municipal Utility District (SMU | Call Credit for approval beyond | 1 month | Call Credit for approval | Any Trade
 | X | Select Energy Inc. | Call Credit for approval beyond | 3 months | Call Credit for approval beyond | 1 month
 |  | Shamrock Trading | NO TRADES | N/A | NO TRADES | N/A
 |  | Sikeston Board of Municipal Utilities | Call Credit for approval | Any Trade | Call Credit for approval | Any Trade
 |  | Silica Products, Inc. | L/C or prepay required | Any Trade | NO TRADES | N/A
 |  | Sithe Power Marketing, Inc. | Transact as Sithe Power Marketing | Any Trade | Trade subject to credit | Any Trade
 |  | Smurfit-Stone Container Corp. | OK - master, Call beyond | Day Trades | Trade subject to credit | Any Trade
 |  | Southern Company Services, Inc. | Call Credit for approval beyond | 1 month | NO TRADES | N/A
 |  | Southern Illinois Power Co-Operative | Call Credit for approval | Any Trade | NO TRADES | N/A
 |  | Southwest Power Pool | Transmission only | 1 Month | NO TRADES | N/A
 |  | Soyland Power Cooperative, Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | [NAME], LLC | NO TRADES | N/A | NO TRADES | N/A
 |  | Stand Energy Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | Statoil Energy Trading, Inc. | Call Credit for approval | Any Trade | Call Credit for approval | Any Trade
 |  | Strategic Energy Ltd. | L/C or prepay required | Any Trade | NO TRADES | N/A
 |  | Sunflower Electric Cooperative, Inc. | L/C or prepay required | N/A | NO TRADES | N/A
 |  | Taunton Municipal Light Plant | Call Credit for approval | Any Trade | Call Credit for approval | Any Trade
 |  | The Energy Authority, Inc. | Call Credit for approval | 1 Month | NO TRADES | N/A
 |  | The Power Authority of the State of New Yo | Call Credit for approval | Any Trade | Call Credit for approval | Any Trade
 |  | The Utility Trade  Corp | NO TRADES | N/A | NO TRADES | N/A
 |  | Tractebel Energy Marketing, Inc. | Call Credit for approval | 12 Months | Call Credit for approval | 12 Months
 | X | Transalta Energy Marketing (US) Inc. | Call Credit for approval beyond | 1 month | NO TRADES | N/A
 |  | Tucson Electric Power Company | Call Credit for approval beyond | 1 Month | NO TRADES | N/A
 |  | United Power Association | NO TRADES | N/A | NO TRADES | N/A
 |  | Unitil Power Corp. | NO TRADES | N/A | NO TRADES | N/A
 |  | Utah Associated Municipal Power Systems | Call Credit for approval | Any Trade | NO TRADES | N/A
 |  | Vanalco, Inc. | NO TRADES | N/A | NO TRADES | N/A
 |  | Vermont Public Power | Call Credit for approval | Any Trade | Call Credit for approval | Any trade
 |  | Vitol Gas & Electric LLC | NO TRADES | N/A | NO TRADES | N/A
 |  | Wabash Valley Power Association Inc. | Call Credit for approval | Any Trade | NO TRADES | N/A
 |  | Western Massachusetts Electric Company | Call Credit for approval | Day Trades | NO TRADES | N/A
 |  | Western Power Services, Inc. | Call Credit for approval | N/A | NO TRADES | N/A
 |  | Western Resources, Inc. | Call Credit for approval beyond | 3 months | Trade subject to credit | Any trade
 |  | Wolverine Power Supply Cooperative Inc | Call Credit for approval | Any Trade | NO TRADES | N/A
 |  | WPS Energy Services, Inc. | Call Credit for approval beyond | Day Trades | Trade subject to credit | Any Trade
 |  | * HQ Energy Services (U.S), Inc. has been removed from Credit Watch
 |  | X = Changes to list
 |  | A = Added to list