The product long description below will fall under the new product type US 
East Power Physical Index.  Credit has approved copying the profiles for the 
new product type from the following:

US East Power Phy Fwd Firm

The only difference is the physical forward is based on a fixed price and the 
physical index is based on an index price.

Tana,  when you talk to Leslie, please ask if we will apply the same 
contracts as for the new product type above.

As usual, we need this ASAP.  

Thanks.

Lisa
---------------------- Forwarded by Lisa Lees/HOU/ECT on 10/27/2000 11:43 AM 
---------------------------
   


From:  Melba Lozano                                                           
  10/26/2000 11:53 AM	
	
	
	                           
	

To: Mark Taylor/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Stephen H 
Douglas/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT, Bjorn 
Hagelmann/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT
cc: Robert B Cass/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT 
Subject: US Power Phy Index APPROVAL REQUEST!

Your review and approval of the following product type in the EOL Datamanager 
is needed (for directions on approval , please see steps for approval at the 
bottom of this e-mail).  

Trader : Fletcher Sturm


Example:

US Pwr Phy Index MWD Ent Peak            Oct00      USD/MWh

A US Power Transaction with Enron Power Marketing, Inc., under which the 
Seller shall sell and the Buyer shall purchase a quantity for firm energy 
equal to the Hourly Quantity at the Contract Price.  The Contract Price shall 
be the Floating Price, as adjusted by the price submitted by the Counterparty 
via the website.  The period of time during which the Floating Price is 
derived (a "Determination Period") shall be a calendar month during the term 
of the Transaction; provided that, if the term of the Transaction is less 
than one month, such Determination Period shall be the term of the 
Transaction.

The transaction is for the applicable hours as set forth herein on each 
Delivery Day for the Effective Date 01 Oct 2000 to the Termination Date 31 
Oct 2000.

The transaction is for delivery or receipt of energy to any available point 
Into Entergy System Border at Seller's daily election.

The Floating Price during a Determination Period shall be the average of the 
daily prices listed in the Index for power delivered during Peak hours on 
each Delivery Day during the applicable Determination Period.  The Floating 
Price for each Determination Period shall be calculated utilizing the daily 
prices published in Megawatt Daily's Market Report under the headings "Ranges 
and Indexes of Trades for Standard 16-Hour Daily Products;Wtd. Av. Index; 
Peak Hours, 0600 to 2200; Entergy, into"  (the "Index").

The price is quoted in US Dollars per unit of volume, which will be the 
Contractual Currency.

The unit of measure against which the price is quoted shall be megawatt-hours 
(MWh) and the quantity shown shall be in MW's delivered in each applicable 
hour for the duration of the Transaction (the "Hourly Quantity').

The transaction is for on-peak ("Peak") hours on each Delivery Day beginning 
with the hour ending 0700 (6:00 am) and concluding with the hour ending 2200 
(10:00 pm) Central Prevailing Time. "Delivery Day" means a day during the 
term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or 
Friday, excluding any day that is a NERC holiday.

==============================================================================
=====
STEPS FOR APPROVAL:

click the  START button 
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD 
click the Enron Online Production Cluster "START" button  
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up 
TO APPROVE:  Right mouse click on "Approved"
  
Thanks - Rob Cass  -  Melba Lozano
x35491   x58986