Examples of Power Long Descriptions

----- Forwarded by Elizabeth Sager/HOU/ECT on 05/16/2001 08:47 AM -----

Carlos Alatorre/ENRON@enronXgate 05/15/2001 06:24 PM To: Elizabeth Sager/HOU/ECT@ECT cc: Harry Arora/ENRON@enronXgate, Robert Stalford/NA/Enron@Enron Subject: Examples of Power Long Descriptions

Elizabeth:
Below you can find examples of Long Descriptions for Phy Power.
Please let me know if you have any questions/comments
Thanks
Carlos

US Pwr Phy Firm PJM-W Peak Jul01 USD/MWh
A US Power Transaction with Enron Power Marketing, Inc., under which the Seller shall sell and the Buyer shall purchase a quantity of firm energy equal to the Hourly Quantity at the Contract Price. The Contract Price shall be as submitted by the Counterparty via the Website.
The term of the Transaction shall correspond to the date(s) set forth in the Product description on the Website.
The transaction is for delivery or receipt of energy at the PJM Western Hub.
The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency.
The unit of measure against which the price is quoted shall be megawatt-hours (MWh) and the quantity shown shall be in MW's delivered in each applicable hour for the duration of the Transaction (the "Hourly Quantity').
The transaction is for on-peak ("Peak") hours on each Delivery Day beginning with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300 (11:00 pm) Eastern Prevailing Time. "Delivery Day" means a day during the term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or Friday, excluding any day that is a NERC holiday.

US Pwr Phy Firm PJM-W Peak Jan-Dec03 USD/MWh
A US Power Transaction with Enron Power Marketing, Inc., under which the Seller shall sell and the Buyer shall purchase a quantity of firm energy equal to the Hourly Quantity at the Contract Price. The Contract Price shall be as submitted by the Counterparty via the Website.
The transaction is for the applicable hours as set forth herein on each Delivery Day for the Effective Date 01 Jan 2003 to the Termination Date 31 Dec 2003.
The transaction is for delivery or receipt of energy at the PJM Western Hub.
The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency.
The unit of measure against which the price is quoted shall be megawatt-hours (MWh) and the quantity shown shall be in MW's delivered in each applicable hour for the duration of the Transaction (the "Hourly Quantity').
The transaction is for on-peak ("Peak") hours on each Delivery Day beginning with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300 (11:00 pm) Eastern Prevailing Time. "Delivery Day" means a day during the term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or Friday, excluding any day that is a NERC holiday.

US Pwr Phy Index PJM-W MWD Peak Jun01 USD/MWh
A US Power Transaction with Enron Power Marketing, Inc., under which the Seller shall sell and the Buyer shall purchase a quantity for firm energy equal to the Hourly Quantity at the Contract Price. The Contract Price shall be the Floating Price, as adjusted by the price submitted by the Counterparty via the Website. The period of time during which the Floating Price is derived (a "Determination Period") shall be a calendar month during the term of the Transaction; provided that, if the term of the Transaction is less than one month, such Determination Period shall be the term of the Transaction.
The term of the Transaction shall correspond to the date(s) set forth in the Product description on the Website.
The transaction is for delivery or receipt of energy at the PJM Western Hub.
The Floating Price during a Determination Period shall be the average of the daily prices listed in the Index for power delivered during Peak hours on each Delivery Day during the applicable Determination Period. The Floating Price for each Determination Period shall be calculated utilizing the daily prices published in Megawatt Daily's Market Report under the headings "Trades for Standard 16-Hour Daily Products;Weighted Average Index; PJM-West" (the "Index").
The price is quoted in US Dollars per unit of volume, which will be the Contractual Currency.
The unit of measure against which the price is quoted shall be megawatt-hours (MWh) and the quantity shown shall be in MW's delivered in each applicable hour for the duration of the Transaction (the "Hourly Quantity').
The transaction is for on-peak ("Peak") hours on each Delivery Day beginning with the hour ending 0800 (7:00 am) and concluding with the hour ending 2300 (11:00 pm) Eastern Prevailing Time. "Delivery Day" means a day during the term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or Friday, excluding any day that is a NERC holiday.