RE: NCMPA 1

What is the exact delivery point? Does it include capacity? Is it a daily call? monthly call? All options are quoted by Harry Arora.

-----Original Message-----
From: Braddock, Billy
Sent: Thursday, September 06, 2001 9:23 AM
To: Presto, Kevin M.
Subject: RE: NCMPA 1

Are you interested in offering the $100 daily call, into Duke, May-Sep'02, up to 100MW? We may be able to separately offer regulatory capacity off of the Carolina plants we sold to AIG.

-----Original Message-----
From: Presto, Kevin M.
Sent: Wednesday, September 05, 2001 4:14 PM
To: Braddock, Billy
Subject: RE: NCMPA 1

I will handle the non-TVA SERC deals until John Suarez joins the group.

-----Original Message-----
From: Braddock, Billy
Sent: Wednesday, September 05, 2001 10:56 AM
To: Presto, Kevin M.
Subject: NCMPA 1

Kevin,

Who now handles Duke's system territory with King switching to ERCOT? You or Fletch?

North Carolina Mun. Power Agency 1 has informally requested up to 100MW of capacity and energy for May-Sep'02 with a "relatively high" strike price (probably $100) into Duke, or regulatory capacity.

Formally, they have issued 2 RFP's: 1) to buy as much as 750MW of intermediate, peaking, and reserve capacity for summer peak months of 2003 and beyond (1-5 years), increasing by approx. 25MW per year; 2) to sell up to eight, 50MW blocks of 7x24 energy, system firm or unit contingent, off of Catawba and/or McGuire nuclear plants, interconnected with the Duke trans. system, beginning 1/1/03 (1-8 year term).

BB