Thank you for attending our first users' meeting. We appreciate your
interest and commitment in building liquid, accurate hourly instruments that
will serve your companies' requirements. It is our mission to provide
accurate, unbiased indexes that include the greatest number of applicable
participants possible.

The attached hub definitions and methodology for the Cinergy hub -- a result
of dozens of interviews with market participants -- have been in place since
last September. As you're well aware, numerous traders have done index deals
and swaps off our hourly indexes.

If you want to trade off these indexes via instant messaging, please reply
with your instant messaging address, and whether you'd like to see us
develop a forum for such trading. You may also contact your favorite online
trading platform representatives re: offering hourly financial swaps.

Bobette

Bobette Riner
Director, Traders News Indexes
TradersNews Energy
713/647-8690
FAX: 713/647-7552
cell: 832/428-7008
bobette.riner@ipgdirect.com
http://www.tradersnewsenergy.com


----- Original Message -----
From: Ellen Clardy <ellen.clardy@ipgdirect.com>
To: Bobette Riner <bobette.riner@ipgdirect.com>
Sent: Wednesday, May 16, 2001 12:52 PM


>
>
>
> Ellen Clardy, Ph.D.
> Power Markets Analyst
> TradersNews
> 713/647-6603
> ellen.clardy@ipgdirect.com
>
>

 - AEP Index Methodology.doc 
 - Cinergy Index Methodology.doc 
 - All Hub Methodology.doc