This is one for you.
----- Forwarded by Marcus Nettelton/NA/Enron on 06/07/2001 04:42 PM -----

	Melba Lozano/ENRON@enronXgate
	06/07/2001 02:49 PM
		 
		 To: Marcus Nettelton/NA/Enron@ENRON
		 cc: 
		 Subject: RE: FW: NY ZONE A


Example:
US Pwr Fin Swap  ISO NY Z-A HE14-23 EPT  07Jun01         USD/MWh

A US Power financial Swap Transaction with Enron North America Corp. under 
which the Seller pays a Floating Price and the Buyer pays the price submitted 
by Counterparty on the Website (the Fixed Price) in respect of the Notional 
Quantity per Determination Period. The Notional Quantity per Determination 
Period shall be the volume submitted by Counterparty on the Website, 
multiplied by the number of applicable hours in such Determination Period. 
Each calendar month during the term of the Transaction will be a 
Determination Period; provided that, if the term of the Transaction is less 
than one calendar month the Determination Period shall be the term of the 
Transaction. The Payment Date(s) for Transactions which are less than one 
month will be the fifth (5th) Business Day following the last day of the 
month that includes the Determination Period. The Payment Date(s) for 
Transactions which are one month or longer will be the fifth (5th) Business 
Day following the date on which the Floating Price is determinable.
The term of the Transaction shall correspond to the date(s) set forth in the 
Product description on the Website.

The Floating Price during a Determination Period shall be the average of the 
hourly day-ahead prices listed in the Index for electricity delivered during 
Peak hours on each Delivery Day during the applicable Determination Period.  
The Floating Price for each Determination Period shall be calculated 
utilizing the hourly clearing prices published by the New York Independent 
System Operator on its official web site currently located at 
http://mis.nyiso.com/public/P-4Alist.htm, or any successor thereto, under the 
headings "Time Weighted/Integrated Real Time LBMP"  (the "Index").

The price is quoted in US Dollars per unit of volume, which will be the 
Contractual Currency.
The unit of measure against which the price is quoted shall be megawatt-hours 
(MWh) and the quantity shown shall be in MW's delivered in each applicable 
hour for the duration of the Transaction (the "Hourly Quantity').
The transaction is for on-peak ("Peak") hours on each Delivery Day beginning 
with the hour ending 1400 (1:00 pm) and concluding with the hour ending 2300 
(11:00 pm) Eastern Prevailing Time.  'Delivery Day' means a day during the 
term of the transaction that is a Monday, Tuesday, Wednesday, Thursday, or 
Friday, excluding any day that is a NERC holiday.

 -----Original Message-----
From:  Nettelton, Marcus  
Sent: Thursday, June 07, 2001 2:47 PM
To: Lozano, Melba
Subject: Re: FW: NY ZONE A

Melba
 
Please send me the complete product description.
 
Thank you.
 
Marcus




	Melba Lozano/ENRON@enronXgate 06/06/2001 02:06 PM 	   To: Marcus 
Nettelton/NA/Enron@ENRON  cc: Joe Stepenovitch/ENRON@enronXgate, Chris 
Walker/ENRON@enronXgate  Subject: FW: NY ZONE A


Marcus,

Can you review the attached index for Joe Stepenovitch.  He trades Balance of 
the Day products.  Let me know if you need additional information.

Thanks,

Melba
ISO NY ZA (BOD) Peak
ISO NY Z-A
The Floating Price during a Determination Period shall be the average of the 
hourly day-ahead prices listed in the Index for electricity delivered during 
Peak hours on each Delivery Day during the applicable Determination Period.  
The Floating Price for each Determination Period shall be calculated 
utilizing the hourly clearing prices published by the New York Independent 
System Operator on its official web site currently located at 
http://mis.nyiso.com/public/P-4Alist.htm, or any successor thereto, under the 
headings "Time Weighted/Integrated Real Time LBMP"  (the "Index").

 -----Original Message-----
From:  Stepenovitch, Joe  
Sent: Tuesday, June 05, 2001 11:20 AM
To: Lozano, Melba
Subject: NY ZONE A

Time Weighted/Integrated Real Time LBMP  << OLE Object: Picture (Metafile) >> 
Zonal <http://mis.nyiso.com/public/P-4Alist.htm>
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