WSPP MEMBERSHIP

1
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

2
WSPP MEMBERSHIP

• WSPP Growth......
• 14 at original filing in 1987
• 45 at permanent filing in 1991
• 55 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 2000
• 18 in 01 11 (net) in 02 16 in 03 6 (net) in
  04 10 (net) in 05 12 (net) in 06
• 310 members total

3
WSPP FINANCIALS

• 2006 Budget vs. Actuals
• 2006 Actuals 2006 Budget Variance
• Revenues
• New Members 350,000 200,000
  150,000
• Interest 80,330 70,000
  10,330
• Sponsors 42,500 ------
  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 6,000
  -------
• Meetings, etc 13,892 10,000
  3,892
• Total Expenses 208,369 333,000
  (124,631)
• Net Income 264,461 (63,000)
  327,461

4
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

5
WSPP FINANCIALS

• In accordance with paragraph 7.2 of the WSPP
  Agreement, the Operating Agent submits for review
  the following budget for the Operating Year 2007

• 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

6
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 Members _at_ 25,000) 200,000
• Plus Estimated Interest on Project Balance
  2007 90,000
• Estimated Statement of Cash Balances
  12/31/07 2,813,000