British Energy

Following up our conversation -

- Garrett and Dana are in constant contact re British Energy and have no issues with extending the contract
- Paul and his team are "very confident" that they can roll the hedges and maintain the existing margin
- They are 100% confident that they can hedge all 500MW's at say a $2 margin
- Their plan is to hedge at least 400MW between now and november (new deals + rollovers)
- We will continue to update both you and Dana before entering into any hedges