<?xml version = '1.0'?>
<!DOCTYPE REPORT [ 
<!ELEMENT REPORT (REPORT_HEADER?,REPORT_BODY?)>
<!ELEMENT REPORT_HEADER (HEADROW*)>
<!ELEMENT HEADROW (REPORT_NAME?,TITLE?, RPT_DATE?, TRADE_DATE?)>
<!ATTLIST HEADROW num CDATA #REQUIRED>
<!ELEMENT REPORT_NAME (#PCDATA)>
<!ELEMENT TITLE (#PCDATA)>
<!ELEMENT RPT_DATE (#PCDATA)>
<!ELEMENT REPORT_BODY (PAGE*, NoDataFound?)>
<!ELEMENT NoDataFound EMPTY>
<!ELEMENT PAGE (DATAROW)*>
<!ELEMENT DATAROW (TRADE_DATE?,DELIVERY_HOUR,DELIVERY_INTERVAL,SCHEDULED_SYSTEM_LOAD?,STEM_PRICE_PER_MWH?,RELEVANT_QUANTITY?,REASON_CODE?,MCAP_PRICE_PER_MWH?,UDAP_PRICE_PER_MWH?,DDAP_PRICE_PER_MWH?)>
<!ATTLIST DATAROW num CDATA #REQUIRED>
<!ELEMENT TRADE_DATE (#PCDATA)>
<!ELEMENT DELIVERY_HOUR (#PCDATA)>
<!ELEMENT DELIVERY_INTERVAL (#PCDATA)>
<!ELEMENT SCHEDULED_SYSTEM_LOAD (#PCDATA)>
<!ELEMENT STEM_PRICE_PER_MWH (#PCDATA)>
<!ELEMENT RELEVANT_QUANTITY (#PCDATA)>
<!ELEMENT REASON_CODE (#PCDATA)>
<!ELEMENT MCAP_PRICE_PER_MWH (#PCDATA)>
<!ELEMENT UDAP_PRICE_PER_MWH (#PCDATA)>
<!ELEMENT DDAP_PRICE_PER_MWH (#PCDATA)>
]>
<REPORT>
   <REPORT_HEADER>
      <HEADROW num="1">
         <REPORT_NAME>EM_AdminBalPrices</REPORT_NAME>
         <TITLE>Administered Balancing Prices (SWIS)</TITLE>
         <RPT_DATE>Nov 21, 2011 02:35:24 PM</RPT_DATE>
         <TRADE_DATE>20111117</TRADE_DATE>
      </HEADROW>
   </REPORT_HEADER>
<REPORT_BODY>
<PAGE>
   <DATAROW num="1">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>0</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>726.463</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>26.23</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>733.228</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>26.23</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>28.85</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="2">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>0</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>715.719</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>26.19</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>730.838</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>26.19</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>28.81</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="3">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>1</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>708.621</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>26.19</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>719.718</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>26.19</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>28.81</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="4">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>1</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>705.284</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>25</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>709.928</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>26.19</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>28.81</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="5">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>2</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>705.284</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>25</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>706.966</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>26.19</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>28.81</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="6">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>2</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>705.284</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>25</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>687.066</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>23.71</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>26.08</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="7">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>3</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>705.284</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>25</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>691.879</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>25</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>27.5</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="8">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>3</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>700.56</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>25</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>700.036</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>25</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>27.5</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="9">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>4</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>695.56</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>25</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>712.426</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>28.91</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>31.8</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="10">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>4</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>704.488</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>29.9</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>718.846</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>33.95</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>37.35</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="11">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>5</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>694.155</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>31.52</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>727.351</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>40.73</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>44.8</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="12">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>5</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>751.257</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>38.54</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>766.415</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>42.3</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>46.53</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="13">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>6</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>813.577</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>48.81</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>825.568</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>48.81</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>53.69</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="14">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>6</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>893.278</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>56.31</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>903.464</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>56.31</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>61.94</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="15">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>7</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>953.922</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>80</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>993.98</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>86.11</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>94.72</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="16">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>7</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1010.645</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>80</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1031.089</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>91.83</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>101.01</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="17">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>8</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1113.439</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>51.35</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1057.916</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>47.85</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>23.92</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>62.2</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="18">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>8</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1102.052</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>72.71</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1066.758</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>42.9</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>21.45</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>55.77</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="19">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>9</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1095.752</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>67.74</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1067.51</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>36.61</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>18.31</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>47.59</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="20">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>9</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1101.209</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>70</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1074.267</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>42.9</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>21.45</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>55.77</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="21">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>10</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1103.377</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>70</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1086.272</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>59</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>29.5</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>76.7</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="22">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>10</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1108.059</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>58.63</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1073.443</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>42.9</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>21.45</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>55.77</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="23">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>11</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1105.199</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>64.46</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1060.743</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>38.96</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>19.48</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>50.65</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="24">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>11</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1110.015</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>64.13</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1043.021</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>39.56</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>19.78</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>51.43</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="25">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>12</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1109.699</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>65.06</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1046.64</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>39.8</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>19.9</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>51.74</DDAP_PRICE_PER_MWH>
   </DATAROW>
</PAGE>
<PAGE>
   <DATAROW num="26">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>12</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1110.094</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>64.86</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1048.297</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>39.78</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>19.89</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>51.71</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="27">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>13</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1109.73</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>64.18</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1037.519</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>46.07</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>23.04</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>59.89</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="28">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>13</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1120.446</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>63.07</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1052.986</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>46.14</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>23.07</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>59.98</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="29">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>14</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1130.429</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>60.97</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1057.84</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>46.18</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>23.09</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>60.03</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="30">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>14</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1142.124</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>60.63</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1055.227</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>42.9</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>21.45</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>55.77</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="31">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>15</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1144.183</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>61.37</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1043.79</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>39.64</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>19.82</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>51.53</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="32">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>15</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1136.99</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>62.42</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1042.321</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>39.58</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>19.79</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>51.45</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="33">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>16</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1130.676</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>58.54</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1022.356</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>29.9</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>14.95</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>38.87</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="34">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>16</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1117.393</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>52.29</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1027.006</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>41.6</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>20.8</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>54.08</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="35">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>17</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1108.307</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>48</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1034.594</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>37.51</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>18.75</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>48.76</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="36">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>17</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1102.814</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>46.14</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1040.153</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>37.52</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>18.76</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>48.78</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="37">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>18</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1101.575</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>51.45</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1032.854</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>43.44</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>21.72</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>56.47</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="38">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>18</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1100.311</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>56.6</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1050.102</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>49.8</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>24.9</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>64.74</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="39">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>19</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1096.307</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>55.52</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1054.192</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>46.6</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>23.3</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>60.58</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="40">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>19</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1085.806</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>47.33</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1044.377</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>46.33</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>23.17</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>60.23</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="41">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>20</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1075.856</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>39.81</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1016.902</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>39.81</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>19.91</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>51.75</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="42">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>20</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1034.371</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>48</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>983.221</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>42.9</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>21.45</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>55.77</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="43">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>21</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>993.411</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>58.9</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>951.106</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>52.47</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>26.24</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>68.21</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="44">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>21</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>947.018</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>48</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>907.318</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>47.64</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>23.82</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>61.93</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="45">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>22</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>865.211</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>38.72</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>871.449</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>42.9</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>47.19</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="46">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>22</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>828.151</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>29.9</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>827.018</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>42.9</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>47.19</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="47">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>23</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>781.268</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>25</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>789.531</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>29.9</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>32.89</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="48">
      <TRADE_DATE>17/11/2011</TRADE_DATE>
      <DELIVERY_HOUR>23</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>744.728</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>29.14</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>751.555</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>29.9</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>32.89</DDAP_PRICE_PER_MWH>
   </DATAROW>
</PAGE>
</REPORT_BODY>
</REPORT>
