Maine Retail Deals

This month EES successfully renewed its affinity relationship with the Maine
Electric Consumers Cooperative. MECC, you will recall, is the C&I load
aggregation group put together by Tony Buxton and Rich Silkman. With the
establishment of new market-based standard offer prices effective March 1,
2001 customers in the aggregation group responded very favorably to the
MECC/EES offers. More than half of the load opted for five-year deals
bringing sales to over 3 million mWh. I am told as of last Friday the
transactions booked a total aggregate margin of $21 million.

Phyllis Anzalone deserves most of the credit for bringing this one home.
While I was not always involved in the day-to-day negotiations, I am proud to
have strongly promoted the relationship with MECC and to have played a hand
in the Maine Restructuring Law that made this and the ENA transaction
possible.