GENERAL TERMS AND CONDITIONS
                            (Continued)
   
                   (f) Within one hour of posting, contract will
     be issued (with a new contract number, when applicable);
     nomination possible beginning at the next available
     nomination cycle for the effective date of the contract.
   
               (3) Non-biddable releases according to Section
     4.9(2) of these General Terms and Conditions.  The following
     time line is stated in Central Clock Time.
   
          Timely Cycle
                    (a) 10:30 a.m. - pre-arranged deals not
     subject to bid are posted.
                    (b) contract issued within one hour of award
     posting (with a new contract number, when applicable);
     nomination possible beginning at the next available
     nomination cycle for the effective date of the contract.
   
          Evening Cycle
                    (a)  5:00 p.m. - posting or pre-arranged
     deals not subject to bid.
                    (b) contract issued within one hour of award
     posting (with a new contract number, when applicable);
     nomination possible beginning at the next available
     nomination cycle for the effective date of the contract.
   
          Intra-day 1 Cycle
                    (a) 9:00 a.m. - posting of pre-arranged deals
     not subject to bid.
                    (b) contract issued within one hour of award
     posting (with a new contract number, when applicable);
     nomination possible beginning at the next available
     nomination cycle for the effective date of the contract.
   
          Intra-day 2 Cycle
                    (a) 4:00 p.m. - posting of pre-arranged deals
     not subject to bid are due.
                    (b) contract issued within one hour of award
     posting (with a new contract number, when applicable);
     nomination possible beginning at the next available
     nomination cycle for the effective date of the contract.
   
          4.6  Competitive bidding procedure.  Bids may be
     submitted by potential Replacement Customers via Clear
     Creeks interactive Internet web site during the posting
     period and must include all information required by Section
     3.2 of these General Terms and Conditions. Clear Creek shall