EOL Deal entry and status update.

Group,

We are continuing to refine our deal entry techniques and spreadsheet techniques. We are having great success with EOL so far. For further clarification.

1. ALL DEALS UNDER ST-WHOURLY--except a lending/parking deal or cut. For example if we are lending with ST-SW and we buy for them in NP-15. The buy in NP-15 is under ST-WHOURLY, the EPMICALPOOL Buy/Resale from NP-15 to FC345 is under ST-WHOURLY, the INTER-DESK sale is made under ST-WHOURLY (at the end of the day--see #3), and the sale to EPE is under ST-SW. The export in CAPS is also under ST-SW.

2. ONE DEAL FOR AN ON-PEAK or OFF-PEAK PURCHASE or SALE.--For example one deal for a sale to the imbalance, one deal for a sale to EPE

3. ONE DEAL FOR AN INTER-DESK SALE or PURCHASE--done by the NIGHT SHIFT at the weighted average price for the entire strip, transmission costs should be included. We are just averaging the purchase price or sale price for specific deals. (see ST-WBOM SP-15 section of AUG TRADING sheet on 08/29/01 for an example)

4. INC SHEETS MUST BE MAINTAINED, DEALS ENTERED AND ROUTED EACH HOUR--only way to stay ahead

5. WE ARE GENERATING SIGNIFICANTLY MORE REVENUE AND PROFIT TRADING WITH EOL (over $130,000 in the last 5 days alone--does not include congestion revenue!)--530+ trades, 13,100 extra mws traded with EOL in 8 days.

6. MEETING ON TUESDAY 09/04 at 4PM

Finally, I will be out of the office for Friday and will be in Seattle through Sunday. You should be able to reach me on my cell phone (503) 887-3449. If you can not reach me, please refer questions regarding trading to Ryan Slinger, (503) 789-1306.

Thanks for the continued hard work and attention to detail,

Bill