RE: October Reserve Addition - Alberta Direct # 802844

Tx. I often wonder if all reserve amounts agreed to find there way to the general ledger reserve. Rick

-----Original Message-----
From: Conwell, Wendy
Sent: Friday, October 12, 2001 9:06 AM
To: Buy, Rick
Cc: Bradford, William S.
Subject: RE: October Reserve Addition - Alberta Direct # 802844

Bill Bradford quoted the reserve to Derek Davies prior to the deal being booked and Derek informed me that once the deal was book they sent the requested amount. I will call Kathy Reeves in Calgary to confirm. Should you have any other questions or concerns, please feel free to contact me.

Thanks
Wendy

-----Original Message-----
From: Buy, Rick
Sent: Friday, October 12, 2001 8:50 AM
To: Conwell, Wendy
Subject: RE: October Reserve Addition - Alberta Direct # 802844

Why would they already have received "funds". Rick

-----Original Message-----
From: Conwell, Wendy
Sent: Thursday, October 11, 2001 6:12 PM
To: Bradford, William S.; Buy, Rick; Evans, Casey; Hardy, Trey; Lewis, Jon Paul; Reasoner, Monica; Rohauer, Tanya; Vinson, Donald Wayne; White, Stacey W.; Brown, Kortney; Ngo, Tracy; Radous, Paul; Rance, Susan; Sacks, Edward
Cc: Davies, Derek; Biever, Jason; Zufferli, John
Subject: October Reserve Addition - Alberta Direct # 802844

Please note the following addition to the credit reserve for October 2001:

CP: Alberta Direct - Hedges (for Federated Co-operatives Limited)
Deal No: 802844
Deal Date: 10/03/01
Deal Specifics: ECC sells financial swap to CP
Term: 1/1/2002 thru 12/31/2007
Volume: 9.44188 MW/h, 7x24
Price: Fixed $67.044 CAD
Region: Alberta Power Pool
Trader/Mid-Marketer: John Zufferli/Derek Davies
Credit Reserve Amount: $175,000 CAD

RAC: transaction confirmed under 9/4/01 ISDA Master Agreement between ECC and Enron Direct Canada Corp

You should have already received these funds. Please call me with any questions or comments.

Thank you
Wendy Conwell