<?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>Dec 21, 2011 02:35:21 PM</RPT_DATE>
         <TRADE_DATE>20111219</TRADE_DATE>
      </HEADROW>
   </REPORT_HEADER>
<REPORT_BODY>
<PAGE>
   <DATAROW num="1">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>0</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>711.191</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>25.78</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>698.26</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>24.78</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>27.26</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="2">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>0</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>701.767</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>24.78</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>673.789</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>23.2</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>25.52</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="3">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>1</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>692.839</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>24.2</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>661.3</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>20</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>22</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="4">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>1</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>678.911</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>23.78</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>655.405</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>20</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>22</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="5">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>2</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>678.911</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>23.78</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>658.716</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>20</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>22</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="6">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>2</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>678.911</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>23.78</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>659.214</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>20</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>22</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="7">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>3</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>678.911</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>23.78</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>663.592</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>20</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>22</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="8">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>3</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>678.911</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>23.78</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>664.428</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>20</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>22</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="9">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>4</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>678.911</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>23.78</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>673.511</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>23.2</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>25.52</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="10">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>4</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>674.564</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>23.98</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>676.322</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>23.78</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>26.16</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="11">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>5</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>679.187</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>24.78</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>694.187</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>24.78</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>27.26</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="12">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>5</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>697.239</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>25.78</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>723.935</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>26.52</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>29.17</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="13">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>6</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>744.543</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>30</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>803.643</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>40.75</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>44.83</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="14">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>6</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>767.561</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>30</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>862.898</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>45.99</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>50.59</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="15">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>7</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>940.843</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>31</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>923.402</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>26.29</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>28.92</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="16">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>7</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>992.334</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>33.45</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>984.325</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>45.15</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>49.67</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="17">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>8</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1041.721</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>53.92</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1041.261</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>54</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>27</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>70.2</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="18">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>8</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1061.121</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>53.92</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1070.399</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>54.65</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>27.33</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>71.04</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="19">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>9</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1075.394</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>53.92</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1089.493</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>54.65</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>27.33</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>71.04</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="20">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>9</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1080.356</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>54</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1097.595</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>63</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>31.5</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>81.9</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="21">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>10</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1082.684</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>54.65</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1118.352</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>77.82</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>38.91</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>101.17</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="22">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>10</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1081.663</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>54.65</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1140.282</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>80.99</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>40.49</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>105.29</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="23">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>11</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1080.645</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>54</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1146.09</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>80.99</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>40.49</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>105.29</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="24">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>11</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1084.071</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>55.37</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1140.468</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>80.99</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>40.49</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>105.29</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="25">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>12</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1090.364</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>63</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1138.305</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>81.02</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>40.51</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>105.33</DDAP_PRICE_PER_MWH>
   </DATAROW>
</PAGE>
<PAGE>
   <DATAROW num="26">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>12</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1084.355</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>55.37</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1142.671</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>81.02</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>40.51</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>105.33</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="27">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>13</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1079.375</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>55.37</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1131.266</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>81.02</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>40.51</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>105.33</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="28">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>13</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1084.899</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>55.37</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1144.017</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>81.02</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>40.51</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>105.33</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="29">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>14</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1094.816</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>55.37</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1157.156</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>82.16</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>41.08</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>106.81</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="30">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>14</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1094.998</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>55.37</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1156.909</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>82.17</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>41.08</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>106.82</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="31">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>15</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1087.361</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>55.37</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1157.609</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>82.12</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>41.06</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>106.76</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="32">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>15</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1076.487</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>55.37</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1148.92</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>82.16</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>41.08</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>106.81</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="33">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>16</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1066.724</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>55.37</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1151.111</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>82.06</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>41.03</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>106.68</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="34">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>16</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1058.996</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>55.37</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1142.112</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>80.96</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>40.48</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>105.25</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="35">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>17</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1048.289</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>54.65</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1123.212</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>81</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>40.5</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>105.3</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="36">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>17</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1046.202</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>54</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1107.791</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>81</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>40.5</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>105.3</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="37">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>18</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1034.567</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>49.34</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1086.231</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>55.37</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>27.68</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>71.98</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="38">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>18</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1027.625</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>45.15</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1082.7</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>63</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>31.5</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>81.9</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="39">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>19</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1014.122</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>54</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1070.509</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>55.37</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>27.68</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>71.98</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="40">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>19</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>1007.094</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>44.86</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1083.121</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>64.64</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>32.32</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>84.03</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="41">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>20</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>993.696</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>40.78</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1071.574</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>63</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>31.5</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>81.9</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="42">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>20</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>977.752</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>38.86</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>1030.728</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>55.37</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>27.68</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>71.98</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="43">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>21</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>978.127</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>36.86</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>971.609</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>38.86</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>19.43</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>50.52</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="44">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>21</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>969.958</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>33.8</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>919.903</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>26.73</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>13.37</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>34.75</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="45">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>22</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>747.812</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>30</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>870.918</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>49.46</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>54.41</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="46">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>22</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>777.812</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>30</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>813.753</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>36.79</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>40.47</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="47">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>23</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>1</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>722.874</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>26.98</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>765.121</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>26.98</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>29.68</DDAP_PRICE_PER_MWH>
   </DATAROW>
   <DATAROW num="48">
      <TRADE_DATE>19/12/2011</TRADE_DATE>
      <DELIVERY_HOUR>23</DELIVERY_HOUR>
      <DELIVERY_INTERVAL>2</DELIVERY_INTERVAL>
      <SCHEDULED_SYSTEM_LOAD>711.191</SCHEDULED_SYSTEM_LOAD>
      <STEM_PRICE_PER_MWH>25.78</STEM_PRICE_PER_MWH>
      <RELEVANT_QUANTITY>729.775</RELEVANT_QUANTITY>
      <REASON_CODE>Recalculated        </REASON_CODE>
      <MCAP_PRICE_PER_MWH>26.64</MCAP_PRICE_PER_MWH>
      <UDAP_PRICE_PER_MWH>0</UDAP_PRICE_PER_MWH>
      <DDAP_PRICE_PER_MWH>29.3</DDAP_PRICE_PER_MWH>
   </DATAROW>
</PAGE>
</REPORT_BODY>
</REPORT>
