Explanation of CAISO Energy vs. "Schedule C"

Jeff and Bob,

At Tradition's request, I put together a one-page explanation of CAISO Firm
Energy. I thought you might find it handy to have it to hand when discussing
this with counterparties.

----- Forwarded by Shari Stack/HOU/ECT on 08/07/2000 03:57 PM -----

Shari Stack
08/07/2000 03:56 PM

To: kkelly@tfsbrokers.com@ENRON
cc: Kerri Thompson/Corp/Enron@Enron
Subject: Re: FW: CAISO Energy vs. "Schedule C"

Here is the explanation for CAISO Firm Energy. As discussed, if asked,
please tell people that it was prepared by a market participant at
Tradition's request. I'd rather keep Enron's name out of it.

Thank you in advance for helping us with this.

Shari