Please note the following addition to the domestic credit reserve for Aug 2001:  CP:  Valley Electric Association, Inc. Deal No: 714097 (leg 1 on-peak; legs 2 and 3 off-peak) Deal Date:  8/1/2001 Deal Specifics:  EPMI fixed price power sale Term:  6/1/2002 thru 12/31/2006 Volume:  variable hourly MWs; up to 35MW/h for on-peak 6X16; up to 40MW/h for off-peak Price:  Fixed $46.75 Delivery Point:  Mead basis (Palo Verde/WSCC-S) Trader/Mid-Marketer:  Matt Motley/Paul Choi Credit Reserve Amount:  $48,500 (forty-eight thousand five hundred USD)  RAC: transaction confirmed under 2/13/01 Master Contract with margin rights.
Please call w/any questions.
Regards,

Valley Electric Association, Inc. - credit reserve