DWR Stranded costs: $21 billion

I pulled the recent forward curves (confidential; not for external release
without approval from West Power) and computed the stranded costs associated
with the DWR contracts. Assuming SP15 on peak (which is conservative since
many of the contracts had off peak energy in them) the total overmarket is
$21 billion, or $13 billion discounted at 12%. The former number is most
comparable to the $40+ billion DWR expenditure commitement number.

If we want to use this for any sort of external message I would like to
refine further.

Alan