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            <td width="439" align="left"></a><font face="Arial" size="3">The <strong>Bulk Power
            Highlights</strong> are reprinted with permission from the Wheeling &amp; Transmission
            Monthly newsletter.</font><u><font face="Arial" size="2"><a name="top"><p ALIGN="CENTER"></a></font></u><font face="Arial" size="4"><strong>August 1998</strong></font><font FACE="Palatino" SIZE="1"></p>
            <p ALIGN="JUSTIFY"></font><font face="Arial" size="2">Each document summarized in the Bulk
            Power Report may be found at: <a href="http://rimsweb1.ferc.fed.us/rims">http://rimsweb1.ferc.fed.us/rims</a></font></p>
            <p ALIGN="JUSTIFY"><a name="top"><font face="Arial" size="2">Quarterly sales reports are
            in! Look for each company&#146;s report at the top of each regional section.</font></a></p>
            <p align="center"><font face="Arial" size="4" color="#000000"><strong>Northeast</strong></font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">Onondaga Cogen has obtained a put
            option to sell to NIMO from its cogen facility. <strong>ER98-3672</strong>.</font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">Con Ed is providing energy and
            capacity to ESCOs in its Retail Choice program. <strong>ER98-3764</strong>.</font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">NIMO is purchasing power from NYPA
            for the NYS &quot;Power for Jobs&quot; program. <strong>ER98-3792</strong>.</font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">GMP is purchasing call options from
            Hydro-Quebec. <strong>ER98-3969</strong>.</font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">LILCO, having merged with the Long
            Island Power Authority, has declared itself a &quot;municipality&quot; not subject to FERC
            jurisdiction. <strong>ER98-3970</strong>.</font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" size="4" color="#000000"><strong>Southeast</strong></font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">Doswell is consolidating two power
            sales agreements with Virginia Power. <strong>ER98-3606</strong>.</font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">APCO is permitting the City of
            Summersville to extend date for initial sales from a new small hydro facility in return
            for 1.1� power. <strong>ER98-3763</strong>.</font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">DukeSolutions, a Duke Energy
            subsidiary, has filed for power marketer status. <strong>ER98-3813</strong>.</font></p>
            <p ALIGN="center"><font face="Arial" size="4" color="#000000"><strong>Midwest</strong></font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">WEPCO is changing its balancing
            requirements and making them significantly more onerous. <strong>ER98-3591</strong>.</font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">Com Ed is offering redispatch
            service as an alternative to transmission interruptions. <strong>ER98-3689</strong>.</font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">MAPP has filed it Line Loading
            Relief Procedure. <strong>ER98-3709</strong>.</font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">BHP is seeking market rate authority
            for sales to Aquila from its White Pine refinery. <strong>ER98-3784</strong>.</font></p>
            <p ALIGN="center"><font face="Arial" size="4" color="#000000"><strong>Southwest</strong></font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">Enron is seeking authority to sell
            to affiliate Portland GE. <strong>ER98-3685,86</strong>.</font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">People&#146;s Electric Corp
            (affiliate of People&#146;s Electric Coop) has filed for market-based rates. <strong>ER98-3719</strong>.</font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">Choctaw Generation LP has filed for
            marketer status to manage power from planned 440 MW lignite facility. <strong>ER98-3774</strong>.</font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">Power Strategies, an operator of MSW
            and landfill gas projects, has filed for marketer status. <strong>ER98-3778</strong>.</font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">SPP has amended its open access
            tariff to provide for line loss payments. <strong>ER98-3888</strong>.</font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">Coral Power has cancelled its
            agreement with PCA due to the latter&#146;s default. <strong>ER98-3965, 3968</strong>.</font></p>
            <p ALIGN="JUSTIFY"><font face="Arial" color="#000000">Enron has cancelled its agreement
            with PCA due to the latter&#146;s default. <strong>ER98-3966</strong>.</font><font FACE="Palatino" SIZE="2"></p>
            </font><a name="top"><p>&nbsp;</td>
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        <td width="471"><blockquote>
          <p align="left"><font face="Arial" size="2"><br>
          Summaries of all recent transmission and bulk power agreements are published monthly in
          the <strong>Wheeling &amp; Transmission Monthly</strong> newsletter, which is available by
          subscription from: <br>
          <br>
          <strong>Cogeneration Publications<br>
          </strong>Attn. Carol Ofiesh - Subscription Manager<br>
          P.O. Box 2303<br>
          Falls Church, VA 22042<br>
          Fax: (703) 641-9265<br>
          <a href="mailto:[email protected]">E-Mail: [email protected]</a><br>
          <br>
          You may also contact us at <a href="mailto:[email protected]">[email protected]</a> for
          samples of <br>
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