Williams Cal 04 Reserve for EOL

Please note the following addition to the domestic credit reserve for September 2001:

CP: Williams Energy Marketing & Trading
Deal No: 773737.1
EOL No: 1852957
Deal Date: 9/13/2001
Deal Specifics: EPMI to buy 50MW On-Peak Power from Cinergy for Calendar Year 2004.
Term: 1/1/2004 thru 12/31/2004
Volume: 50 MWs On-Peak
Price: $36.00
Delivery Point: Cinergy
Trader/Mid-Marketer: Fletch Sturm
Credit Reserve Amount: $20,000 (twenty thousand US dollars)

RAC: transaction confirmed under Executed EEI dated 2/1/1997.

Please call w/any questions.

Kortney
x30616