deals

Are we still on for lunch Wed.?
(1) The PSEG tolling agreement is super high priority right now, b/c of mkt
volatility, so I'm marking up the Black Hills deal (lots of it is not
relevant or helpful b/c there are dispatch blocks in the PSEG deal, which
need to be addressed somehow) and will speak to you tomorrow, I hope , after
meeting w/ the commercial guys again.
(2) New deal from Woody -- Wisvest is trying to unload the SOS load they have
for Connecticut Light & Power -- wholesale contract, about 11% of the CT SOS
load and Dana is interested in doing this one. Wisvest wants an MOU by next
week. Just got the CA this evening and am working on it so we can get the
info needed for evaluation.
(3) TEPAC is still pretty hot, b/c TVA's short power, so this would be a good
time to have a deal w/ them. I still need to meet w/ everybody and go over
the remaining risks on that one
(4) Reliant - Dave Fairley wants to do a 50 MW deal w/ them in FL just like
the one we did w/ Reedy Creek, w/ a few wrinkles I haven't fully learned
about yet, except that they own 2 units and about 50 MW from another unit;
he's not sure who the interconnects are with; Reliant has no native load, of
course, so the FM issues will be different. Another one that has to close
very soon b/c the price is only $26.
(5) E Trans is at it again, but all they need at the moment is a couple more
confidentiality agreements so they can start talking to some new players.
Apparently, the National Grid is interested in operating an RTO and PJM is
forming its own jv to provide services to RTOs and they all want us to have
some kind of role -- getting interesting again.
Will keep you posted.
Regards,
Janice

EB3861
Assistant General Counsel, Enron North America Corp.
713-853-1794 (Fax: 713-646-4842)