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Enron Mail |
Seems very likely that someone else notified DJ of this posting. Might be
useful for our traders to understand that scrutiny in the short run is going to be signficant. Best, Jeff Karen Denne 06/29/2001 05:03 PM To: Mark Palmer/Corp/Enron@ENRON, Susan J Mara/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Vance Meyer/NA/Enron@ENRON, Meredith Philipp/Corp/Enron@ENRON cc: Subject: FERC proxy price in CA I got a call from Dow Jones today about a price we had posted on EnronOnline for day-ahead power at Mead for $105/MWh (the FERC proxy price is $91.87). I talked to Tim Belden and just because an offer is posted doesn't mean that there's been a transaction. Turns out that under our interpretation of the FERC order, because Friday for Monday transactions exceed the 24-hour delivery requirement, we believe they're exempt from the order. Tim said that at the end of today, we had done five transactions above the cap, but they decided to lower the transaction price to the proxy price so we'd reduce any further exposure and scrutiny.
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