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<TITLE>Power Indices - IntercontentalExchange</TITLE>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
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IntercontinentalExchange                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
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Firm Power Price Bulletin                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
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For Power Delivered on Tuesday, November  27, 2001                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
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(Trade Date of Monday, November  26, 2001)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
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Click here to access <A HREF="http://www.intcx.com/SubscriberServlet/subscriberservlet.class?operation=powerIndexForm&hub=All">index history</A>.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
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* volume represents sell-side only *                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
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<TH ALIGN="LEFT" WIDTH="15%"><FONT size=-1><U>Hub</U></FONT></TH>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
<TH ALIGN="RIGHT"><FONT size=-1><U>High</U></FONT></TH>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
<TH ALIGN="RIGHT"><FONT size=-1><U>Low</U></FONT></TH>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
<TH ALIGN="RIGHT" WIDTH="22%"><FONT size=-1><U>Wtd Avg Index</U></FONT></TH>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
<TH ALIGN="RIGHT"><FONT size=-1><U>Change ($)</U></FONT></TH>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
<TH ALIGN="RIGHT" WIDTH="19%"><FONT size=-1><U>Vol (Mwh)</U></FONT></TH>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                

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<TR><TD ALIGN="LEFT"><FONT size=-1>Cinergy</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>         $21.75</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>         $17.25</FONT></TD><TD ALIGN="RIGHT"><B><FONT size=-1>         $18.57</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B>   1.57</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>          37,600</FONT></TD></TR>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
<TR><TD ALIGN="LEFT"><FONT size=-1>Comed</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>         $16.00</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>         $16.00</FONT></TD><TD ALIGN="RIGHT"><B><FONT size=-1>         $16.00</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B>   3.00</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>             800</FONT></TD></TR>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
<TR><TD ALIGN="LEFT"><FONT size=-1>Entergy</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>         $19.00</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>         $16.25</FONT></TD><TD ALIGN="RIGHT"><B><FONT size=-1>         $17.68</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B>   1.68</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>          22,400</FONT></TD></TR>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
<TR><TD ALIGN="LEFT"><FONT size=-1>Nepool</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>         $27.50</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>         $27.00</FONT></TD><TD ALIGN="RIGHT"><B><FONT size=-1>         $27.22</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B>   2.03</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>           2,400</FONT></TD></TR>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
<TR><TD ALIGN="LEFT"><FONT size=-1>Palo Verde</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>         $25.85</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>         $20.00</FONT></TD><TD ALIGN="RIGHT"><B><FONT size=-1>         $22.45</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B>   1.31</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>           6,800</FONT></TD></TR>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
<TR><TD ALIGN="LEFT"><FONT size=-1>PJM-West</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>         $22.25</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>         $21.25</FONT></TD><TD ALIGN="RIGHT"><B><FONT size=-1>         $21.72</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>-</B>   1.91</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>          30,400</FONT></TD></TR>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
<TR><TD ALIGN="LEFT"><FONT size=-1>SP-15</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>         $26.25</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>         $22.50</FONT></TD><TD ALIGN="RIGHT"><B><FONT size=-1>         $24.19</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B>    .29</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>           3,600</FONT></TD></TR>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
<TR><TD ALIGN="LEFT"><FONT size=-1>TVA</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>         $19.00</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>         $17.30</FONT></TD><TD ALIGN="RIGHT"><B><FONT size=-1>         $17.75</B></FONT></TD><TD ALIGN="RIGHT"><FONT size=-1><B>+</B>   2.50</FONT></TD><TD ALIGN="RIGHT"><FONT size=-1>           8,000</FONT></TD></TR>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
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Includes all trades done from 6 AM to 11 AM Central Prevailing Time on the trade date specified for financially firm power delivered during the on-peak hours (6 AM - 10 PM CPT for Eastern hubs / 6 AM - 10 PM Pacific Prevailing Time for Western hubs) on the delivery date(s) specified.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
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IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.&nbsp;&nbsp;Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.&nbsp;&nbsp;Traded instruments include forwards, swaps, and options.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
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