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Enron Mail |
Alan and I spoke about point #2 on the comparison benchmark. At this point,
we may be able to just say it is based on a comparison of the contracts with today's forward market and gloss over the exact forward curve we used. Of course if there is a way to come up with a similar number using publicly available data (or if we are willing to provide our numbers if pressed) then all the better. In the mean time, should I hold off on using the $13.8 billion number until I hear back from you about the conversation with Steve? Also, do I understand correctly from Alan that the $13.8 billion figure is NOT comparing the long term contracts California signed with recent spot market prices, but rather is a comparison of the contracts to our present forward pricing curves? From you e-mail, it is the latter, I take it. As to point #1, on the deal last year, we just need a similar "back of the envelope" calculation on what California could have saved had California taken us up on the offers we and others made. Any guidance on where to get that would be most helpful.
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