Below please find proposed confirms for the proposed ring transactions among EPMI, AEP and Allegheny.  

These confirms are for discussion purposes only and do not represent a commitment on the part of Enron or EPMI until fully agreed and executed by all commercial and credit authorities of each counter-party.  These confirms are being distributed internally within Enron at this time and remain subject to review by Enron commercial and counsel.

Please provide comments on this transaction as soon as possible and preferably no later than Noon on Friday, November 2, 2001.

EPMI Contacts:

Bill Bradford	713-853-3831(O), 713-857-7739(Cell)
Chip Schneider  713-853-1789(O), 713-306-1184(Cell)