Group,
EOL is off to a great start and is already becoming an integral part of the real-time market! Each person who has put in substantial extra time entering and reconciling deals deserves congratulations. I do recognize and appreciate the hard work. As always, there is more work to be done. We have had significant difficulty integrating the increased volume of EOL trades into our current business practice. Some members of the group have experienced limited success, others have experienced little to no success. A standardization in our process will benefit the entire group and will allow us to make consistent improvements as time goes on. So going forward.

	1.	All deals will be done under ST-Whourly. If there is lending, parking or a cut that corresponds to another book, we will make that deal for the entire strip (for 	example, W-BOM sells to EPE for HE 7-22--all one deal). We will then sell or buy the appropriate amount of energy from Whourly to that book (this interdesk deal 	will not be routed). We will do the interdesk transaction as one deal and will enter deal strips with pricing for each hour or hours where appropriate and will include 	transmission charges when necessary. In Enpower, use strips wherever possible...try to avoid extending deals in scheduling.

	2. 	All imports and exports will be under the appropriate desk (for example ST-SW exporting from SP-15 to FC MUST be under ST-SW in CAPS).
	This will allow us to put everything under Whourly and have export/import fees paid for by the appropriate desk. Otherwise the Whourly book will be charged for 	wheeling and/or potentially congestion for other desks. When filling a Service customer (such as Wheelabrator or EES) we should pay for the import and export 	fees.

	3.	A "skeleton" of an inc sheet should be developed as soon as possible each day.  Sales/purchases to or from EES should be made for the day and 	immediately input into the service sheet. Likewise...Service deals/Lending/Parking should be put into the sheet for the day where possible.

I would like to implement all of these practices immediately. Effective HE 1 08/29/01, THIS is our new business practice. Spread the word. I am looking for more suggestions for improvements on our process. We will have a meeting on September 4 to discuss group direction and ideas for improvement. This will be an important meeting at 4 PM on Tuesday September 4th. Please plan to attend.

See me at any time with suggestions or comments.

Thanks,
Bill