Emmisons Allowances

Emmisions Trading will go from Kevin Presto (Greg Wolfe) to George McClellan
under the following conditions.

1 - Volumes will not fall. In fact they will increase.

2 - Wolfe will retain 1 Million of the 3 Million VAR for six months and then
East Power will have no Emmisions Positions,

3 - Janel Guerrero (middle marketer) will follow the book to coal.

4 - East Power and Coal will get together and (hopefully) agree on a transfer
pricing mechanism for existing positions if there are any that Greg is not
keeping.

Give me a call if there are any issues.