WEPCO term sheet

Hi Bob,

Does this have anything to do with the Wisconsin site you mentioned in the
staff meeting?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/07/2000 02:16
PM ---------------------------

Fred Mitro@ECT
09/06/2000 12:08 PM
To: Scott Healy/HOU/ECT@ECT, Rusty Stevens/Corp/Enron@ENRON, Gregg
Penman/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Herman Manis/Corp/Enron@ENRON,
Ben Jacoby/HOU/ECT@ECT
cc:

Subject: WEPCO term sheet - Plano

Attached is the draft term sheet for the WEPCO term sheet on the Plano site.
I have used the 9/01 clean version of the ComEd Plano term sheet as the
template for this document.

I have made some changes to reflect our discussions with WEPCO including the
following:

1. Term (3 and 5 year)
2. Contract Base Capacity Charge ($ amount may be subject to further change)
3. Scheduling (day-ahead only)
4. Project Updates (term modification dates changed to reflect 3 or 5 year
term)
5. Commercial Operation Date Guarantee (dates change to reflect '02 start
date/termination right triggered off of 6/1/01 notice by Seller)
6. Delay/Early Completion Penalties/Bonus (changed to reflect different
Capacity Charge)
7. Availability LD's (changed to reflect different Capacity Charge)

Please review and send me your comments. I am planning to send this document
to WEPCO tomorrow afternoon.

Thanks,
Fred