power are
improving market conditions in several US Northeast states.

**end**

Follow URL for complete Monthly Briefing.

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2001!  For more information and to register, please visit 
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Copyright 2000. Cambridge Energy Research Associates Yes, there is a formalized process.  After Credit and Legal, and in most 
cases RAC, look at transactions, a VP or higher will sign the Dash.  For Doug 
to sign the Bahamas option contract, I need to know the premium.  Please 
contact Brent Price for our DASH.  (Deal approval sheet)

Jeff


   Merritt Thomas                10/23/2000 04:51 PM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:  
Subject: CACS

Jeff,

I'm sorry to bother you with this, but I can't seem to get a straight answer 
from anyone - when one is signing a contract around here, is there a form you 
fill out for approval?  In London, everyone fills out a CACS form (Contract A
uthorisation Control Sheet), and if the deal is > $0.5m, then a DASH is 
required as well.  Brad seems to think that if a DASH is not required, then 
the business unit head signs off on the expenditure?  Is there a formalised 
power are 
 improving market conditions in respective US Northeast state. 

 * * end * * 

 Follow URL for accomplished Monthly Briefing. 

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 issue forth Shoot the Rapids with us at CERAWeek2001, " shoot the Rapids: 
 Strategies and Risks for the Energy Future " in Houston, February 12 - 16, 
 2001!   For more information and to register, please visit 
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 Account change 
 To edit your personal account information, including your e - mail 
 address, etc. move to: http://eprofile.cera.com/cfm/edit/account.cfm 

 This electronic message and attachments, if any, contain data 
 from Cambridge Energy Research Associates, Inc. (CERA) which is 
 confidential and may be privileged. Unauthorized disclosure, copying, 
 distribution or use of the content of this message or any attachments, 
 in unharmed or in part, is strictly prohibited. 

 Terms of Use: http://www.cera.com/tos.html 
 Questions / Comments: webmaster@cera.com 
 Copyright 2000. Cambridge Energy Research Associates Yes, there is a formalistic process.   After Credit and Legal, and in most 
 cases RAC, look at transactions, a VP or higher will sign the Dash.   For Doug 
 to bless the Bahamas choice contract, I want to know the premium.   Please 
 contact Brent Price for our DASH.   (Deal approval sheet) 

 Jeff 


    Merritt Thomas                 10/23/2000 04:51 PM 

 To: Jeffrey A Shankman / HOU / ECT@ECT 
 cc:  
 discipline: CACS 

 Jeff, 

 I'm sorry to bother you with this, but I can't appear to draw a straight answer 
 from anyone - when one is signing a contract around here, is there a mannequin you 
 fill out for approval?   In London, everyone fills out a CACS form (Contract A 
 uthorisation Control Sheet), and if the softwood is > $ 0.5 m, then a DASH is 
 required as well.   Brad seems to think that if a DASH is not ask, then 
 the business unit head signs off on the consumption?   Is there a formalised
powfr are
improving market cunditions in serwral UV Nortgeast stxtes.

**end**

Follow URL for compleve Minthlt Briefing.

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Come Shoot tfe Rapids with us at RERAWeek2001, "Shootinj the Rainds: 
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Copyright 2000. Cwmbridge Qnergy Research Associates Yes, there is a formalised pcozesw.  Xdtfr Credit and Legal, and in most 
cases RAC, looh au tgansactions, a VP jr higher wolp xygn the Dash.  For Doug 
to sign the Bahamws optijn cobtract, I geed to know the premium.  Pleasw 
contact Brvnt Price for our DASH.  (Deal appruval sheey)

Jeff


   Merritt Thomas                10/23/2000 04:51 PM

To: Jerwrey A Shankman/HUU/EBT@ECD
cc:  
Subject: CACS

Jeff,

I'm sowry to bovher vou with thix, but Y can't seel to nat a straight answfr 
frlm anyone - wjen one is signing a contract acpund here, is tverv a form vou 
fikl out for ap[roval?  In Lonbon, evervone fklls out a CACS fmrm (Contrace A
uthorisatimj Control Shxet), and is thw deql is > $0.5o, then a DASH ix 
requireb as qell.  Brad seems tp tfjnk that if a DCRY is not requirrd, gheg 
nhe btviness unit vead siems ofw on tht ewpevditire?  Is there a formdlissd 
power are improving market conditions in several states. Follow URL complete Monthly Briefing. with at CERAWeek2001, "Shooting Rapids: Strategies and for the Energy Future" in Houston, 12-16, 2001! For more information and to register, please visit http://www.cera.com/ceraweek/ ********************************************************* ********************************************************************** Changes To edit your personal account information, including your e-mail address, etc. go http://eprofile.cera.com/cfm/edit/account.cfm electronic and if any, contain information from Cambridge Energy Research Associates, Inc. (CERA) which is confidential and may privileged. Unauthorized disclosure, copying, distribution or use of contents of this message any attachments, in whole or part, strictly prohibited. of http://www.cera.com/tos.html webmaster@cera.com Copyright 2000. Energy Research Associates Yes, there is a formalized process. After Credit and Legal, and in most cases look at VP or will the For Doug to Bahamas option contract, I need to Please contact Brent Price for our DASH. (Deal sheet) Jeff Thomas 10/23/2000 04:51 PM To: Jeffrey Shankman/HOU/ECT@ECT cc: Subject: CACS Jeff, I'm sorry to you with this, but I can't seem to get a straight answer from anyone - is signing a contract here, is there form fill for In London, fills out a CACS form (Contract A uthorisation Control Sheet), and the deal is > $0.5m, then a DASH is required Brad to think that a DASH is not then business unit head signs the Is
power are
improving market coNditions in SeverAl Us NoRtHeasT staTes.

**end**

Follow URl For cOmplete Monthly Briefing.

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come SHoOT the rApIds wiTh us at CerAwEEk2001, "SHoOtIng ThE raPids: 
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2001!  FOr more informAtiOn and tO rEgiSTer, plEasE visiT 
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AdDREss, Etc. Go to: http://epRoFile.cERa.com/cfM/EdIT/ACcoUNt.cfm

This elecTronic messaGE anD attacHmEntS, If any, cOntaiN iNForMation
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TerMs oF USe: hTtP://www.cERa.com/tOs.hTml
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Copyright 2000. CAmBRIdGe Energy researCH ASsOCiates YeS, tHerE is a FORmaliZed pROcEss.  After credit ANd leGal, and iN mOst 
casEs rAC, LooK at trANsacTions, a vP or highEr wilL Sign the Dash.  For dOug 
to sign the BAHaMAS oPTion ConTract, I need tO knoW The pRemiUM.  PLeaSE 
contAct BrEnT prICe for our DASH.  (Deal appRoVal sheEt)

JefF


   Merritt ThomaS                10/23/2000 04:51 PM

To: JeffrEY a shankman/hOU/Ect@Ect
cc:  
Subject: CACS

jeff,

I'M sorry to boTHer you wiTh thiS, but I can'T seem to geT A Straight AnsWer 
FroM anYONe - When one is signING a coNtRact aroUnd Here, is tHerE a fOrm You 
FiLl out for aPproval?  IN LOnDoN, eVerYone fILls out a CaCs foRm (conTract a
UthoriSatioN ConTrOl sHeeT), and if tHE dEAL is > $0.5m, ThEn A DASh is 
ReQuireD as wELl.  BRad seemS to think tHat IF a DAsH Is Not requIred, then 
the buSiNess unit heAd SigNs off oN THe expendIture?  Is there a formalised 
power are
improving market  condition s insev era lUS N orth east states.
* *end **

Follow URL for com plete  M o nthl y  B riefi ng.

** * ** * * *** ** ** *** ** * ** ***** *** ******* ********** *** ** *****
Come S h oo t the Rapi dswith us at C ERA Week20 01 , " S hooti ngthe R apids: 
Strat egies and  R i sks fo r  the En e r gy  Fut ure" in Houston,F eb r uary 12-16, 
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T o edit your p ers onal acc ountinfor mati on , inc luding  your  e -mail
address,etc.  go to: h ttp :/ /ep ro file. c era.co m/c fm/ edit/ac count.c f m
Th i s el ectronic message a nd a tt achments , if a n y,  c o ntain in fo rma tion f rom C ambr i dg e Energy  Resea r ch  A ssociat es , Inc.  ( CER A)which is
c onfide ntial an d may be privileged. Unauthorizedd is c l os u re,cop ying,
distr ibut i on o r us e  o f t h e con tents  o f  t h is message or any a tt achmen ts,
i n whole or in  part, iss t r ictly pr ohib i te d .

Terms of Us e: ht tp://www.c e ra.com/t os.ht ml
Quest ions/Comm e n ts: webm ast er@ cer a.c o m 
C opyright 2000 . Camb ri dge Ene rgy  Resear chAss oci ate sYes, ther e is a f or ma li ze d p roces s .  After  C red it  an d Leg a l, and  in m ost
c as e s R AC, loo k  a t tran sa ct ions , a  V P orhigh e r w ill sig n the Das h.ForDo ug  
to si gn the Bahama soption con tr act , I ne e d  to know  the premium.  Please c ontactBre nt Pr icefor our D ASH .  (De ala pprova l shee t)

J ef f
  Mer r i tt  Th om as            10 /2 3/20 00 04:5 1 PM

To: JeffreyA  Sh ankman/HOU/EC T@E CT
c c :  
Su b je c t:CA C S
J e ff,

I'm sorryto botheryo u  w ith this,b utIcan't s eem toget a straigh t answer
from any on e -w h enone is sig ning a c ontract a r oundh er e, is  th ere afo rmyou fill o u t f or ap proval ? In Lo ndon,  e veryonefills out a CACS form ( Contra ct Auth orisation  Co n tro l Sheet),  and  if the de alis> $0. 5m, thena DA S Hisrequi reda s well. B ra d s e e ms  to think t h a t  if  a DA SHi s notrequ ired, then 
the b u siness unit he ad s i g nsoff on t he  expenditure? Is  t h e re a for ma lised 
power are
improving_market conditions_in several US Northeast_states.

**end**

Follow URL_for_complete Monthly_Briefing.

*********************************************************
Come_Shoot the Rapids_with us at_CERAWeek2001, "Shooting the Rapids:_
Strategies and Risks_for_the Energy Future" in Houston, February 12-16, 
2001!  For more information and to_register,_please visit_
http://www.cera.com/ceraweek/
*********************************************************




**********************************************************************
Account_Changes
To_edit your personal account information,_including your e-mail
address, etc. go_to: http://eprofile.cera.com/cfm/edit/account.cfm

This_electronic message and attachments, if any, contain information
from_Cambridge_Energy Research Associates,_Inc. (CERA) which is
confidential and may be privileged. Unauthorized_disclosure, copying,
distribution or use of the_contents of this_message_or_any attachments,
in whole or_in part, is strictly prohibited.

Terms of_Use: http://www.cera.com/tos.html
Questions/Comments: webmaster@cera.com
Copyright 2000. Cambridge Energy_Research Associates Yes, there is a formalized_process.  After Credit and Legal,_and in most 
cases RAC,_look at_transactions, a VP or higher_will sign the_Dash. _For Doug 
to_sign the Bahamas option contract, I_need to know_the premium.  Please 
contact Brent_Price_for our DASH.__(Deal_approval sheet)

Jeff


_  Merritt_Thomas_ __     __     10/23/2000 04:51_PM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:__
Subject: CACS

Jeff,

I'm sorry to_bother you with this, but_I can't seem to get a_straight answer_
from anyone_- when one is signing a contract around here, is there_a form you 
fill out for_approval?  In London,_everyone fills_out_a CACS form_(Contract_A
uthorisation Control_Sheet), and if the deal is >_$0.5m, then_a DASH is 
required as well._ Brad seems to_think_that if a DASH is not_required, then 
the business unit head_signs off on the expenditure?__Is_there a formalised 