Subject: Initial APX Information
From: [email-masked]
To: [email-masked]
Cc: [email-masked]
Date: Wed, 30 Jan 2002 08:54:11 -0800 (PST)

Power Marketers

QSE Services - Full Service					
					
Contract Length		No Term	1 Year	3 Year	
MINIMUM ANNUAL FEE		$120,000 	$108,000 	$102,000 	
					
		$/MWh	$/MWh	$/MWh	
Energy Scheduling (includes reserve products)		0.08	0.065	0.055	
Settlement		0.08	0.065	0.055	
					
MAXIMUM ANNUAL FEE		No limit	$400,000 	$380,000 	

Thane indicated that we could possibly do a 1 or 2 month contract, thus avoiding "LD's" for a NO TERM contract..  He also indicated that the Minimum Annual Fee is really monthly--thus under the No Term scenario, with a 60-day cancellation:  if we were to terminate & begin using our own QSE prior to the 60 day cancellation we'd only be liable for the $20K in "Liquidated Damages"...$10K monthly minimum * 2 months.  The point is, if we only use 2 months we're not liable for $100K for unused months because of the "MINIMUM ANNUAL FEE OF $120K."

We would download APX software to upload/download our daily schedules using APX as our QSE. (no email)

There is also another option where we could be our own QSE but use the APX software to schedule for a lesser fee (which Thane is checking into).  There is a fee for the software per workstation.