SERC

A very quiet night in SERC. Evening peak prices fell off hard due to rain
covering SOCO's control area. OPC was the best bid for the evening peak he
21-22($60-$70). SOCO would not show a bid for the evening peak. For he
21-23 SOCO began to sell about 400mw's to SCEG, SC and GTC. The TLR called
by TVA on the Bowen-Sequoyah has not been re-called as of 3:00 a.m. TVA has
not been able to bring in power from the north. TVA must be doing well
generation wise since they did not import power from its neighbors. For
off-peak SOCO was $14 @ $22. SCEG was a $15 bid. For friday SOCO, OPC and
SCEG will be on the bid.

SERC 16 hour average: BID $ 42.7 OFFER $ 72.5

FRCC

Importing power into Florida was again a problem up until off-peak. For the
evening peak FPL and FPC were bidding in the mid 40's. For he 22 FPL bought
$21 and for off-peak FPL was a mid teens bid. Both TEC and TAL were flat
for the evening peak and the off-peak. With TLR's expected again for
friday, the night guys at FPC and FPL are going to let the day guys make a
decision on any b.o.d preschedules.

FRCC 16 hour average: BID $ 68.8 OFFER $ 139.7