DDechiaro@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

Michael Mackles, NYISO Credit Manager writes,

                                 Reminder

                  Re: October 1, 2001 ICAP Strip Auction

In order to participate in the October 1, 2001 Strip Auction to procure
ICAP for the six month capability period of November 1, 2001 through April
30, 2002, please be reminded of the following:

1.   To ensure that your bid will be considered, collateral consisting of
NYISO approved letter of credit, surety bond or corporate guarantee must be
received by the          NYISO by September 24, 2001.

2.   This instrument must have an expiration date no earlier than June 30,
2002.

3.   This collateral should be sent to the attention of:

               Michael Mackles, Credit Manager
               NYISO, Inc.
               290 Washington Avenue Extension
               Albany, NY 12203