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---------------------- Forwarded by Karen Denne/Corp/Enron on 07/10/2001 01:30 PM --------------------------- "Ken Smith" <ken@kdscommunications.com< on 07/10/2001 01:12:24 PM Please respond to "Ken Smith" <ken@kdscommunications.com< To: <Miyung.Buster@enron.com< cc: "Jennifer Thome" <Jennifer.Thome@enron.com<, <Mark.Palmer@enron.com<, <Janel.Guerrero@enron.com<, "Karen Denne" <kdenne@enron.com< Subject: Contra Costa Times Article Here's an article from the Contra Costa Times to add to your clip list. It includes a partial list of the companies and public entities that sold power to the state from Jan. 18 through May 31, and the dollars involved. Ken Published Tuesday, July 10, 2001 State discloses spot power buys By Andrew LaMar TIMES STAFF WRITER SACRAMENTO -- They range from small power sales of $922,000 by the East Bay Municipal Utility District to more than $1 billion of power sold by Atlanta-based Mirant power company. All told, California paid $7.7 billion in spot purchases of electricity from 69 agencies across the United States during the first five months of 2001, according to a report delivered to lawmakers Monday. The data also shows that the state paid a hefty average of $263 per megawatt-hour for the power. But what's most striking is the long list of agencies, both private and public, that sold power to California. Agencies like the Los Angeles Department of Water & Power, $331 million; the California Independent System Operator, $3.9 million; Public Service Company of New Mexico, $126 million; and PG&E Energy Trading Company, $24 million. Receiving the most money was Atlanta-based Mirant, which sold $1.2 billion of electricity to the state January through May. The second-largest seller was Powerex, a subsidiary of Canada's BC Hydro, which earned $1 billion. The total cost per day ranged from as little as $20 million to more than $100 million on three separate days in May, when hot weather and tight supplies boosted spot market prices. In addition, the report reveals that the state's energy consultants significantly underestimated the amount of energy the state would need to buy in April and May. Navigant Consulting, Inc., forecast the state would have to buy 12.1 million megawatt-hours for the two months but the state ended up purchasing 15.1 million megawatt-hours. The Sellers The following is a partial list of companies that sold electricity into the California spot power market from Jan. 18 through May 31. For a full list, go to www.contracostatimes.com . Company name, total dollar amount: Allegheny Energy, $97,113,823 Arizona Public Services, $748,400 Automated Power Exchange, $2,541 Bonneville Power, $167,543,006 BP Energy, $110,776,576 California Department of Water Resources, $84,672,490 Calpine Energy, $29,169,658 City of Anaheim, $6,707,456 City of Burbank, $92,271,904 City of Glendale, $16,106,550 City of Redding, $85,280 City of Riverside, $62,700 City of Seattle, $2,461,225 City of Tacoma, $2,353,465 City of Vernon, $4,398,288 Commission de Federale Electricidad, $9,800,460 Duke Energy, $164,325,467 Dynegy, $296,294,363 East Bay Municipal Utility District, $922,560 El Paso Merchant Energy, $83,923,493 Enron Power Marketing, Inc., $44,276,800 Eugene Water & Electric Board, $94,147,219 Fresno Cogeration, $214,008 Grant County PUD, $49,013,211 Merrill Lynch Capital Services, $92,185,980 Modesto Irrigation District, $87,500 Morgan Stanley Capital Group, $8,864,625 Nevada Power Company, $25,378,035 PG&E Energy Trading Companies, $23,718,708 Portland General Electric Company, $354,821 Public Service Company of New Mexico, $126,799,436 Puget Sound Energy, $40,000 Reliant Energy Service, $122,598,810 Sacramento Municipal Utility District, $80,673,353 San Diego Gas & Electric, $5,768,380 Sempra Companies, $429,019,440 Silicon Valley Power (City of Santa Clara), $116,000 TransCanada Power, $38,829,528 Tucson Electric Power, $10,236,050 UC Davis Med Center, $1,141,600 U.S. Dept. of Energy, $2,605,855
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