Good job! Reserve is low, historically speaking. Rick

 -----Original Message-----
From: 	Sacks, Edward  
Sent:	Wednesday, May 09, 2001 3:33 PM
To:	Hardy, Trey; White, Stacey; Evans, Casey; Lewis, Jon Paul
Cc:	Buy, Rick; Rohauer, Tanya; Bradford, William S.; Ngo, Tracy; Dalton III, Oscar; Baughman, Edward D.
Subject:	RE: Arc Resources Ltd - Credit Reserve

Please note the following addtion to the EPMI credit reserve:

Counterparty:  	Old Dominion Electric Cooperative
Deal No:  	602668
Deal Date:	5/4/01
Deal Specifics:	EPMI sale
Term:		9/1/01 to 12/31/03
Volume:	50MW/h Flat (7x24)
Delivery Point:	PJM
Fixed Price:	$35.50
Marketer:	Oscar Dalton

Credit Reserve:	$87,000.00

Please call with any comments or questions.

Rgds,
Ed Sacks
x5-7712