 me that a simple
reply to this e-mail stating the answer to all questions is no will be
sufficient.

Thanks for your attention to this necessary administrative detail. If
you have any questions or concerns, please don't hesitate to contact me

Jeff Mangold
Center for the Advancement of Energy Markets
www.caem.org
jmangold@caem.org
Voice: 703-729-2710
Fax: 703-783-8720

Questions for officers and directors. If an answer to any of the
questions would be yes, we need the details.

1. There has not been nor is there now pending any claim(s) against any
person proposed for insurance in his or her capacity of either director
or officer of [CAEM].

2. No director or officer has knowledge or information of any act, error
or omission which might give rise to a claim(s) under the proposed
policy.

3. Has any officer or director:

a. Been involved in any antitrust copyright or patent litigation?

b. Been charged in any civil or criminal action or administrative
proceeding with a violation of any federal or state antitrust or fair
trade law?

c. Been charged in any civil or criminal action or administrative
proceeding with a violation of any federal or state securities law or
regulation?

d. Been involved in any representative actions, class actions, or
derivative suits? IntercontinentalExchange                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Firm Power Price Bulletin                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  For Power Delivered on Wednesday, November  21, 2001                                                                                                                                                
me that a simple 
 reply to this e - mail express the solution to all questions is no will be 
 sufficient. 

 Thanks for your attention to this necessary administrative contingent. If 
 you have any doubt or concerns, please don't hesitate to touch me 

 Jeff Mangold 
 Center for the Advancement of Energy Markets 
 www.caem.org 
 jmangold@caem.org 
 Voice: 703 - 729 - 2710 
 Fax: 703 - 783 - 8720 

 doubt for officers and director. If an answer to any of the 
 questions would be yes, we want the details. 

 1. There has not been nor is there now pending any claim(s) against any 
 person aim for insurance in his or her capacity of either director 
 or officer of [ CAEM ]. 

 2. No director or officer accept knowledge or information of any act, erroneousness 
 or omission which might give rise to a claim(s) under the proposed 
 policy. 

 3. Has any military officer or director: 

 a. Been involved in any antitrust copyright or patent litigation? 

 b. Been charged in any civil or criminal legal action or administrative 
 proceeding with a violation of any federal or state antitrust or fair 
 trade law? 

 c. Been charged in any civil or criminal action or administrative 
 proceeding with a violation of any federal or state securities law or 
 regulation? 

 d. Been involved in any representative action, class actions, or 
 derivative suit? IntercontinentalExchange                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Firm Power Price Bulletin                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   For Power deliver on Wednesday, November   21, 2001
 me that a simple
reply to tmis e-mail statiny the aiswer tk all qudstions is no will be
sufficixnt.

Tyanks for your attention to this necvssary adniniwrrative devzil. If
you havs any wuestions or cpncerns, plaase don't hesidage to contact me

Jeff Mangold
Center fow the Acvwncement of Engrgy Kwrkefs
www.caem.org
jmangold@caem.org
Voice: 703-729-2710
Fzx: 703-783-8720

Quesuions for officers and directors. If an answeg to any of the
questiojs would be yes, qe need the aetails.

1. Thtrz has not bgen nor is there now pending any claik(s) against aby
pftson proposev for pnsurance in mps or har capavity of either dicectir
or officer of [CAEM].

2. Io director or officgr has knoflzdge or information od qny awt, esror
ue ooisaipn which mijht give riae to a claum(s) under the propoxeq
iplicy.

3. Has ang offisew or director:

a. Been involved in any antptruat copyright or patent oitigation?

b. Been charhed in anr civil or criminal action or administrative
proceading ditk a viuoahion of any federal or state antitrust or faiw
frsdv law?

c. Been chargcd in any civil or cgikynal action ot adminnatdative
proceeding wlth a vyolatuon of anr feceral or state securities lqw or
regulatpon?

d. Been involved in cny represencative actipns, class actions, or
dernvativs suits? IntfrcontinehgalExchange                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Figm Power Price Bulletih                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  For Powar Delidered on Wednesday, Jovember  21, 2001                                                                                                                                                
me that a simple reply to this the to all is no will attention this necessary administrative If you have questions or concerns, please don't hesitate contact me Jeff Mangold Center for the Advancement of Energy Markets www.caem.org jmangold@caem.org 703-729-2710 Fax: 703-783-8720 Questions for officers and directors. If an answer to any the would yes, need the details. 1. There has not been nor is there now pending any claim(s) against person proposed for insurance in his or her of either director or of [CAEM]. 2. No director officer knowledge or of act, or omission which give rise to a claim(s) under the proposed policy. 3. Has any officer or director: a. Been in any or patent b. charged any civil or or administrative proceeding with a violation or state antitrust or fair trade law? c. charged in civil or criminal action or administrative with a violation of any federal or state law or regulation? d. Been involved in any representative actions, class actions, or derivative suits? Power Price Bulletin For Delivered on Wednesday, 21,
 me that a simple
reply to this e-Mail statinG the aNswEr tO aLl quEstiOns is no will be
sUFficIent.

Thanks for your attenTion tO tHIs neCEsSary aDministRAtIVE deTaIl. if
yOu HAvE any qUesTions or Concerns, plEasE dOn't hesitate tO CoNtact me

JefF MaNgold
Center fOr tHe AdvaNcEmeNT of EnErgY MarkEts
www.CAem.org
Jmangold@cAeM.Org
VoiCE: 703-729-2710
Fax: 703-783-8720

QueSTIoNs foR officers and direcTOrS. if an answer to anY of the
QuEStIONs wOulD be yes, we neEd The deTAils.

1. TheRE hAS NOt bEEn nor is there nOw pending anY ClaIm(s) agaInSt aNY
persoN propOsED foR insurance iN his Or her capaCity of EIther diREctor
or OfficeR of [cAEm].

2. No dIReCtOr oR oFFicER hAs kNOwlEdge or inFoRmAtion Of anY ACT, ErroR
or OmisSion wHich might give RisE to a CLaiM(s) undEr the PropOsEd
polIcy.

3. Has Any ofFiCer or director:

a. BEen iNvolved in Any AnTitRuSt copYRight oR paTenT litigaTion?

b. BeEN chArGED In Any civil or criminal AcTIOn Or adminiStratiVE
pRoCEeding wiTh A viOlatION of anY fedERaL or state AntitrUSt Or Fair
traDe Law?

c. BeEn ChaRgeD in anY CiviL or criMinal actIon or ADministrative
pROceeding with a VIoLATiON of aNy fEderal or staTe seCUritIes lAW oR
reGUlatiOn?

d. BeEn INvOLved in any representaTiVe actiOns, clAss actions, or
dErivative sUITS? IntercoNtinENtALExchange                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  Firm POwer PRice BulletIN                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  For PoweR DeliVered on WEdnesday, NOVEmber  21, 2001                                                                                                                                                
 me that a simple
reply to  this e-ma il st ati ngth e an swer  to all questi o ns i s no will be
sufficien t.

T ha n ks f o ryourattenti o nt o  th is  n ece ss a ry  admi nis trative  detail. I f
y ou  have any qu e st ions or co nce rns, pleasedon 't hes it ate to co nta ct me 

Jeff Mangol d
Centerfo r  the A d vanceme n t  o f En ergy Markets
www. c ae m .org
jmangold@ caem.o rg Vo i c e:703 -729-2710Fa x: 70 3 -783-87 2 0Q u est i ons for offic ers and dir e cto rs. If  a n a n swer t o any  o f  th e
questions  wou ld be yes , we n e ed thed etails. 

1. T her e h as n o tbe enno r  is th ere now  pending  a ny  clai m(s) a g a inst  an y
pe rsonproposed forins uran c e i n his  or h er c ap acity  of ei therdi rector
or offic er o f [CAEM]. 

2 .Nodi recto r  or of fic erhas kno wledgeo r i nf o r m at ion of any act, er ro r or  omissio n whic h  m ig h t give r is e t o ac l aim(s ) un d er  the pro posedp ol ic y.

3.Ha s anyof fic eror di r ecto r:

a.  Been in volve d  in any antitr u st copyrighto rp a te n t li tig ation?

b.Been char gedi nany civil  or c ri m in a l action or adminis tr ativeproce eding with aviolationo f any fede ralo rs tate antitrust  or f air
tradel aw?

c.Beenchargedin any ci v i l or cri min alact ion o radministrativ e proc ee ding wi tha viola tio n o f a nyfe deral orstate se cu ri ti es  la w orr egulatio n? 

d .Bee n inv o lved i n any  rep re se n tat ive act i on s ,  cla ss  a ctio ns,  o r
der ivat i vesuits?Intercont ine n talE xc ha nge                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         Firm  P owe r Price Bu lletin                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              For Po wer Delivered  on  Wed nes day,  Novembe r  2 1, 2001                                                                                                         
 me_that a_simple
reply to this e-mail_stating the_answer_to all_questions_is no will_be
sufficient.

Thanks for your_attention to this necessary_administrative detail. If
you_have_any questions or concerns, please don't hesitate to contact me

Jeff Mangold
Center for the Advancement_of_Energy Markets
www.caem.org
jmangold@caem.org
Voice:_703-729-2710
Fax:_703-783-8720

Questions_for officers and directors. If_an answer to any of_the
questions would_be yes, we need the details.

1. There has_not_been nor is_there now pending any claim(s) against any
person proposed for_insurance in his or her capacity_of either director
or_officer_of_[CAEM].

2. No director or_officer has knowledge or information of_any act, error
or omission which might_give rise to a claim(s) under the_proposed
policy.

3. Has any officer or director:

a._Been involved in any antitrust_copyright or_patent litigation?

b. Been charged in_any civil or_criminal action_or administrative
proceeding with_a violation of any federal or_state antitrust or_fair
trade law?

c. Been charged in any_civil_or criminal action_or_administrative
proceeding_with a_violation of any_federal_or state_securities_law or
regulation?

d. Been involved in any_representative_actions, class actions, or
derivative suits? IntercontinentalExchange _   __   _    _     _ _ _          _     _   _ __  __ _      _ _     _   __     _     _    ___    _     _  _      __     __     ___    _     _        _  _    ___         _ _  _         _      _          _       _      _   __      ____  _  _  _ _  _ _  __                 _     _    __  _   _       _        __ _   _ _ _  _ _ _ _      __        ____  _  _  _  __     _  _   _         _                _ _   _ __     _ _       __           ___  __     _____     _      __    _ __   _   _          __ ____   _              __    _     __   _       _    _   _                    _    _    _  __  _   _       _                 _      _  _ _        _          _             __     _     _   _   __  _ _   _   _       _  _          _                    _  __           _ _        _       ___   __    _   _ _      _ _   _    _     __     _ __ _ __  _ _ __ _ __ _ __      _  _     _     __ _        _     _ _   _   _ _ __      _         _ __          _   _   _   _ _ _      ___        
_     _  _ __  _ _     _ __      __     _ _      _ _      ___   _           __   _   _ _             ___    __   _       __        _                   __  ___ _   _  _ _   _   _                   _    _      _  _  __ _  _    _   _  __     _  _   _  _ __  _  _ _         _       _  _     _   ___      _    _            _    _      _      _     _  __             __           _    _    _        ___ _     _      _        _   ____         _   _ _      __              __  _      _     __   _ _        _   _ _             _ _     _      _  __       _                _       _   _ _ __ _      ___    _        __ _   _      _             _   _  _   _  _ _      _    _     _ _        _ _        ___  _    _    _ __ _ _    _  __      _   ___       __  _  _ _   _  __ _     _       _ _  _ _                _   ___     _    _    ____  _  __ _         _ _ _            _           ___   _ _    _       _  _  _ _         _       __    _           _ _     __      _ _       _ _   _    ____        _     _  _Firm_Power_Price Bulletin    _ __   __   _       ___     _    _       _        _   __    __   __   _ _     _    _ _  _   _ _  __          _  _       _   _                _   _            _    _      _           __  _ _  _       _   _ ___  _ _  _ _   _  __ _                ___ _   _ _      _  _ __        __    _    __    _   _          _     _____          _     _ _           _      _      _ _ _        __  _  _ _ _ _      _   _  _ __ _    __  _  _  _ _ _    _   __     _ _            _   _      _       __ __      _     _      _   __      _  _    __    _  _  _      _  _ _ _  _          _   _   _     __       _  __ _    _   _ _ _  _      ___ _   _       __  __    _  __   _  __     _   _  __  _       __  _   _ _   _ ___  _ _   _ __             _ _  _     _    _ _     _    _    _     ___ _ __    _         _ __    _    _ _  _      _   _  _ _ _ _     __ __       _    __    __    _   _ _ ____     __  _     ___ _     _ _     _ _  _             _       _ _   _         _           _     _       _ _
  _  _   _     _ _      __      _  _  __  _       __  _   _     _       _  _   _             _       __       _             _  _ _        ___   _  _            _     _ __         _ _  _   _     __ _  _  _  _  _           _   _ _  _  _   _   _     _       _ _ _____  _  _ _  _    __  _ _   ___    _ _  _    _ _        _ _ _    _  _   _ _ _            _ _      _ _   _ _ __  _     _  _  __    _   __      _ _      ___  _ _     _        _  _     _  _            _         _          _           __ _ _      _ _     _          _              _ __    _    __ _        ___   ___  _     _                  _ _  _  __    _       _  __   _    _       _ _  _      _    _        __          __ __        __   _ _           ___   _      _   _   ___ _          _           _  _      _ _ __    _        _              ___ __  __    __ __ _ _ _ _   _   _   _    _      _ __   __  _  _ _       _ _       __ _    _   __    _                       __     _ ___  ____          _   _  ______       __       _    __For Power Delivered on Wednesday, November  21, 2001        ___   _   _ __  _         _  ___ __      _          _ _      _    __     _    _    __ __ _  _ _ _           _         __  _  _         _