Update on GridFlorida and TCCs

Rick - Here is an summary of the TCC value that Dan has brought. Steve
---------------------- Forwarded by Steve Montovano/NA/Enron on 05/10/2001
09:03 AM ---------------------------

Dan Staines@ECT
05/06/2001 04:23 PM
To: Steve Montovano/NA/Enron@Enron
cc:
Subject: Update on GridFlorida and TCCs

Steve ,

The following is a quick update on two important issues ;

GridFlorida ....As you know from my last update we have a very good "Market
Representation " on the Advisory Committee and at the first meeting last week
we formed a Market Design Working Group (MDWG) to work on developing an
improved Market Design in Florida. I have been voted in as the Chairman of
the committee and our first order of business will be to improve the
Congestion Management proposals and to develop a Real Time Energy Spot Market
with "uncovered" and "unbalanced " schedules . We now have the right people
in place and the real battle now begins .
.

TCCs..............We did very well and continue to grow the business .The
results of the winter TCCs season are now tabulated and they are as follows ;

Rev Bids Nov Dec Jan Feb Mar Apr Total Revenue Winter Period

337K 483K 932K 311K 552K 695K 928K $4,238,000

YEAR 2001 Total Revenue 2001 as of 4/30

311K 552K 695K 928K $2,486,000

We have expanded our portfolio for the upcoming summer period and expect to
increase our revenues over that period .We are on track to exceed our goal of
$10 million for calendar 2001.

Dan