EXHIBIT (10)(i)72
July 3, 2001
Power Marketing
Central Xxxxxx Gas & Electric Corporation
000 Xxxxx Xxxxxx
Xxxxxxxxxxxx, Xxx Xxxx 00000
Xx. Xxxxxx Xxxxx
Dynegy Marketing and Trade
0000 Xxxxxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000
Dear Xxxx:
As we discussed Central Xxxxxx and Dynegy have agreed, as of July 1,
2001, to settle the TPA as a Contract for Differences based on the NYISO, Zone
G, Day Ahead Market prices.
This will allow both Central Xxxxxx and Dynegy to explore the merits of a
financial settlement for the TPA. Prices for this settlement will be based on
those previously agreed to in The Transitional Power Agreement. If for any
reason either party, Dynegy or Central Xxxxxx, wishes to end this temporary
agreement and return to a physical delivery such a change will be effective the
first day of the next month. Notification of returning to a physical transaction
would be made two working days prior to the start of the month.
Should you have any questions or concerns, please feel free to contact
me.
Yours truly,
/s/ XXXXX XXXXXXX
---------------------------------
Xxxxx Xxxxxxx
Director of Power Marketing
