WSPP MEMBERSHIP  14 New Members in 2006  Mirant Energy Trading, LLC Clark County Public Utilities (Clark County PUD #1) Cinergy Marketing & Trading, LLP Old Lane Commodities, LP Alcoa Power Marketing, Inc. Safeway, Inc. Midwest Energy, Inc. Credit Suisse Energy, LLC City of Alma, KS City of Iola, KS City of Scranton, KS City of Wathena, KS Klickitat PUD (Klickitat County PUD #1) Central Arizona Water Conservation District

WSPP MEMBERSHIP  WSPP Growth at original filing in at permanent filing in end of 1993 (1st marketer Sept ‘93); 101 by end of ‘95 41 new in ‘96; 42 in ‘97; 28 in ‘98; 7 in ‘99; 18 in ‘00; 237 by end of in ‘01; 11 (net) in ’02; 16 in ’03; 6 (net) in ’04; 10 (net) in ’05; 12 (net) in ’ members total

WSPP FINANCIALS  2006 Budget vs. Actuals 2006 Actuals2006 BudgetVariance Revenues New Members$ 350,000$ 200,000$ 150,000 Interest 80,330 70,000 10,330 Sponsors 42, ,500 Total Revenues$ 472,830$ 270,000$ 202,830 Expenses Legal$ 140,218$ 225,000$ (84,782) Operating Agent 48,000 72,000 (24,000) Accounting & Tax 259 5,000 (4,741) Web Site 0 15,000 (15,000) Insurance 6,000 6, Meetings, etc 13,892 10,000 3,892 Total Expenses$ 208,369$ 333,000 $ (124,631) ‗ Net Income$ 264,461$ (63,000)$ 327,461

WSPP FINANCIALS  Estimated Statement of Cash Balances Calendar Year 2006 Balance 1/1/06$ 2,643,000 Less Expenses (through 8/31/06) 208,000 Plus Revenues (through 8/31/06) 393,000 Plus Int & Apprec on Balance (thru 8/31/06) 80,000 Balance 8/31/06 (Approx)$ 2,908,000 Less Remaining 2006 Expenses (est) 110,000 Plus Remaining 2006 Revenues (est) ---- Plus Remaining Int & Apprec on 2006 (est) 40,000 Estimated Balance 12/31/06$ 2,838,000

WSPP FINANCIALS 1.Legal Services & Reimbursable Expenses$210,000 2.Operating Agent Services$ 72,000 3.Accounting Services & Banking Fees$5,000 4.Operating Committee & Contract Committee Meetings$5,000 5.Internet Home Page and Web Site$13,000 Total 2007 Operating Budget To Be Submitted from Operating Committee$305,000 6.Executive Committee and Administrative Committee Expenses$4,000 7.Directors and Officers Liability Insurance Expense$ 6,000 Total Proposed 2007 Operating Budget$315,000  In accordance with paragraph 7.2 of the WSPP Agreement, the Operating Agent submits for review the following budget for the Operating Year 2007:

WSPP FINANCIALS  Estimated Statement of Cash Balances Calendar Year 2007 Balance 1/1/07 (estimated)$2,838,000 Less Estimated Expenses 1/1/07 through 12/31/07 $315,000 Plus Estimated Revenues 2007 (8 New $25,000)$200,000 Plus Estimated Interest on Project Balance 2007$90,000 Estimated Statement of Cash Balances 12/31/07$2,813,000