Subject: SWECI Pricing
From: [email-masked]
To: [email-masked], [email-masked], [email-masked]
Cc: [email-masked], [email-masked], [email-masked]
Date: Mon, 22 Oct 2001 13:52:12 -0700 (PDT)

Terri, spoke with Fletch on the SWECI pricing and our indicative offers are as follows:

For full requirements energy, delivered to IP/Ameren systems, including Schedules 3-6 of the OATT, we are at $38.50/mwh.  Please note that losses were applied to our delivery obligations assuming that they are a pass-through function, along with all other delivery costs to SWECI's borders.  The pricing breaks out to:
$28.50 energy
$4.00 risk premium
$2.50 ComEd wheel
$1.00 Ancillaries (schedules 3, 5 & 6)
$2.50 Imbalance Energy (schedule 4)

For full requirements energy, delivered to IP/Ameren systems, we are at $34.50/mwh.  All other costs related to delivery of energy to SWECI's borders are assumed to be a pass-through.  The pricing breaks out to:
$28.50 energy
$2.00 risk premium
$2.50 ComEd wheel
$1.50 Imbalance Energy (schedule 4)

I'm out for the rest of the day at an appointment but can be contacted by cell phone to answer any questions.  713-857-5952.  Please provide Greg, Fletch and myself with a copy of the indicative term sheet that is submitted ot SWECI today.  Thanks

- Jim