Lending (Short) for 07/25/01

Group,

We are short 50 mws for tomorrow at PV through lending with EPE. 25 mws will be under ST-SW, 25 mws will be under ST-WBOM.

We are also short 65 mws for tomorrow at SP-15. 25 mws will be under ST-WBOM, 40 mws will be under ST-CALI.

Both schedules are HE 7-22. All deals should be under appropriate books. Please take extra time with the EPE lending. We would like to do this size throughout August and want to make sure they have no problems. Details regarding prices and deal numbers will be coming from Kate.

Thanks,
Bill