VMS Help  —  FORTRAN  Format Specifiers, P  E editing
  nPEw.d

  On output, the basic real constant part of the I/O list element is
  multiplied by 10**n, and "n" is subtracted from the exponent.  For
  a positive scale factor, "n" must be less than d+2 or an output
  conversion error occurs.  Thus, a positive scale factor moves the
  decimal point to the right and decreases the exponent; a negative
  scale factor moves the decimal point to the left and increases the
  exponent.
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