Fletcher,

We talked a few minutes ago about this Ameren V. Cinergy Peak spread (bid:
-0.40 / offer 0.00) product.

Does this translates that a Counter Party can buy in Ameren at a $0.40
discount to the Cinergy Price and sell in Cinergy at the market index price?

Please confirm.  Thanks,

Dave Boone
Manager, Wholesale Sales
AmerenEnergy Marketing
400 South 4th Street
St. Louis, MO  63102-1826
Phone:  314.613.9177
Fax:  314.613.9073
Mobile:  314.378.5436