Re: trying to locate PX Credit information

Jim, I think that the point of the "flurry" is that we in California ain't
received anything from PG&E. Seemed that Wanda, from her note, said that she
is on top of it. Can you check in with Tamara and find out what her issues
are? Greatly appreciated.

(From what I heard on the phone last night, sounds like that little girl of
yours is going to be an opera singer.)

Best,
Jeff

Tamara Johnson@EES
07/17/2001 09:20 AM

To: JMB <JBennett@GMSSR.com<, Harry Kingerski/Enron@EnronXGate, Jeff
Dasovich/NA/Enron@Enron, Leslie Lawner/Enron@EnronXGate, James D
Steffes/NA/Enron@Enron, Diann Huddleson/HOU/EES@EES, Mary Lynne
Ruffer/HOU/EES@EES
cc:
Subject: Re: trying to locate PX Credit information

There's been a flurry of e-mail on this.

My original question remains -- can whomever (in Govt Affairs) received the
PX Credit calculation info from PG&E please let me know?

(I am working on this on several fronts, i.e. with Wanda, Diann and Mary
Lynne. But I do need to see the PG&E info.)

Thanks.
Tamara
---------------------- Forwarded by Tamara Johnson/HOU/EES on 07/17/2001
09:18 AM ---------------------------

James D Steffes@ENRON
07/17/2001 07:47 AM
To: Tamara Johnson/HOU/EES@EES
cc:
Subject: Re: trying to locate PX Credit information

Did Jeff get this info?

Jim

Enron Capital & Trade Resources Corp.

From: Tamara Johnson @ EES 07/16/2001 04:19 PM

To: JMB <JBennett@GMSSR.com<, Harry Kingerski/Enron@EnronXGate, Jeff
Dasovich/NA/Enron@Enron, Leslie Lawner/Enron@EnronXGate, James D
Steffes/NA/Enron@Enron, Diann Huddleson/HOU/EES@EES, Mary Lynne
Ruffer/HOU/EES@EES
cc:

Subject: trying to locate PX Credit information

PG&E has changed the method of calculating the PX Credit recently. Prior to
June they appeared to be using a market based price for power, but in June
the credit dropped to about $40/MWh which looks like utility-owned gen.

We want to make sure we are not missing a utility-levied charge in our
forward curves ( e.g. CTC charge that will be applied to DA) so we're trying
to verify the utilities' method of calculating PX credits.

I talked to the PG&E accounting person who said that their Regulatory group
has sent Enron's regulatory group information on the way the PX Credit is
calculated. Can someone locate this information and forward it to me as soon
as possible? Given that our customers are all switching to DA we don't want
to discover there's a charge we don't know about.

Thanks,
Tamara.