Please note the following additions to the domestic credit reserve for September 2001:

CP:  Williams Energy Marketing & Trading, Inc.
Deal No: 766023.1 
EOL No: 1827603 
Deal Date:  9/7/2001
Deal Specifics:  EPMI to sell 50MW Off-Peak Power into CINERGY for Calendar Year 2004. 
Term:  1/1/2004 thru 12/31/2004
Volume:  50 MWs Off-Peak
Price:  $20.75 
Delivery Point:  CINERGY
Trader/Mid-Marketer:  Fletch Sturm
Credit Reserve Amount:  $23,000 (twenty-three thousand US dollars)

CP:  Williams Energy Marketing & Trading, Inc.
Deal No: 766019.1
EOL No: 1827597
Deal Date:  9/7/2001
Deal Specifics:  EPMI to sell 50MW Off-Peak Power into CINERGY for Calendar Year 2004. 
Term:  1/1/2004 thru 12/31/2004
Volume:  50 MWs Off-Peak
Price:  $21.00
Delivery Point:  CINERGY
Trader/Mid-Marketer:  Fletch Sturm
Credit Reserve Amount:  $23,000 (twenty-three thousand US dollars)

RAC: transaction confirmed under Executed Master dated 2/1/1997.

Please call w/any questions.

Regards,
Kortney
x30616