Williams Cal 04 Reserve for EOL

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

CP: Williams Energy Marketing & Trading
Deal No: 775595.1
EOL No: 1859565
Deal Date: 9/14/2001
Deal Specifics: EPMI to buy 50MW Off-Peak Power from Cinergy for Calendar Year 2004.
Term: 1/1/2004 thru 12/31/2004
Volume: 50 MWs Off-Peak
Price: $22.25
Delivery Point: Cinergy
Trader/Mid-Marketer: Fletch Sturm
Credit Reserve Amount: $23,000 (twenty-three thousand US dollars)

CP: Williams Energy Marketing & Trading
Deal No: 775263.1
EOL No: 1858493
Deal Date: 9/14/2001
Deal Specifics: EPMI to buy 50MW Off-Peak Power from Entergy for Calendar Year 2004.
Term: 1/1/2004 thru 12/31/2004
Volume: 50 MWs Off-Peak
Price: $21.00
Delivery Point: Entergy
Trader/Mid-Marketer: Mike Carson
Credit Reserve Amount: $23,000 (twenty-three thousand US dollars)

CP: Williams Energy Marketing & Trading
Deal No: 775260.1
EOL No: 1858473
Deal Date: 9/14/2001
Deal Specifics: EPMI to buy 50MW Off-Peak Power from Entergy for Calendar Year 2004.
Term: 1/1/2004 thru 12/31/2004
Volume: 50 MWs Off-Peak
Price: $21.00
Delivery Point: Entergy
Trader/Mid-Marketer: Mike Carson
Credit Reserve Amount: $23,000 (twenty-three thousand US dollars)

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

Please call w/any questions.

Kortney
x30616