bookouts in discussion

Bill,

Per your request, below is a list of the counterparties that I've been having
discussions with regarding potential bookouts to shift mtm exposure:

EPMI position in
Counterparty Name Current Trading Portfolio Current Margining Status
Action Needed
(A)
Avista Energy, Inc. OTM cp has not margined on power, just financial (2)
back to back bookouts (w/Williams & Duke)
Williams Energy M&T ITM Active cp called on Fri. re. potential
bookouts
Duke Energy Trading and Marketing ITM EPMI obtaining surety bond EPMI to
propose bookout w/Avista Energy

(B)
Constellation Power Source OTM cp margin called on Thurs. EPMI needs to
get back to cp re.bookout ability

(C)
Idaho Power Company ITM pursuing negotiations w/margining contract cp
will entertain a bookout w/El Paso En Mkt
El Paso Merchant Energy LP OTM cp waived margining on power, just
financial EPMI to call cp re. bookout w/Idaho Power

(D)
Tractebel Energy Mkt OTM no margining abilities cp proposed bookout
with AEPSC
American Electric Power (AEPSC) ITM pursuing negotiations w/margining
contract cp considering bookout with Tractebel

Call w/any questions,
Tracy