Rogers
, 
I would welcome your participation.  Brad Snyder who is working in Jeff Ader's group will also be attending.  Jim Wood originally agreed to go and I am trying to confirm his attendance as well.  A few others in sales have also expressed an interest and so we still need to assemble the team.  The items you listed can all be covered.  The purpose of the meeting was to see if we could put together a deal that would allow AEP to provide us with wholesale power as an interim solution to our inability to do physical deals.  Alternatively, if we can work with AEP to figure out a way to do our own delivery, so much the better.  I view this as a stop gap measure to get us entry into the market while working on the RTO for a permanent solution.  After we see how things go with AEP, the thought was for me to contact Cinergy to arrange for similar discussions.  As you know, Cinergy also has decent shopping credits (although not quite as good as AEP) that are available contingent on physical delivery.  

I am attaching for your review the summary I prepared for AEP on the scope of our meeting.  I am planning the meeting for 2:00pm.  Logistical details to follow.

Janine

 







	Rogers Herndon@ECT 05/22/2001 03:19 PM 	  To: Janine Migden/NA/Enron@ENRON  cc: Kevin M Presto/HOU/ECT@ECT, John J Lavorato/Enron@EnronXGate  Subject: Re: AEP 	


Janine - 

I would like to go to AEP on the 7th.  Their egos may not allow them to negotiate as fairly with me at the table (due to wholesale side) but I really need to get in front of these utilities in person to understand what obstacles we will face in the physical delivery world.   

I am still a novice on these issues but I would like to achieve the folloowing on the physical side, some of which may already exist.  Your comments would be helpful.

Ability to aggregate customers into pool so that we can serve hourly load more effectively
Would like for AEP to review our aggregated customer list and provide us with day ahead and hourly load forecasts so that we know how many Mw to deliver each hour
Pre-determined energy imbalance service 
Pre-determined ancillary fees
Pricing Incentives for us to serve more load
Basic walk-through of standard protocol necessary to serve load physically

These are my quick thoughts.  Kevin, do you have any further thoughts.

Thanks,
Rogers



Janine Migden@ENRON

05/22/2001 02:31 PM

To:	James M Wood/HOU/EES@EES, Dave S Laipple/DUB/EES@EES, Adam Cooper/DUB/EES@EES, Nicole Schwartz/HOU/EES@EES, John D Burrows/HOU/EES@EES, Rogers Herndon/HOU/ECT@ect, Dana Saucier/DUB/EES@EES, Michael Littman/DUB/EES@EES
cc:	Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron 
Subject:	AEP

AEP has agreed to meet with us to discuss providing us with wholesale generation.  The meeting is tentatively set for June 7th.  They would like an itemized list or agenda of what we want to discuss so that they can have the right people present.  Andy Patterson, who handles AEP's retail market activity transferred the matter to George Rooney in Marketing and Origination.
Janine






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