San Diego

Tori -- Can you provide any insight into Leslie's inquiry, highlighted
below? I don't usually look at the capacity release screens. I'm not even
sure if I would have access to the information.

---------------------- Forwarded by Rebecca W Cantrell/HOU/ECT on 12/12/2000
11:31 AM ---------------------------
From: Leslie Lawner@ENRON on 12/12/2000 09:50 AM
To: rrich@bracepatt.com, Rebecca W Cantrell/HOU/ECT@ECT
cc:
Subject: San Diego

Some more thoughts: apparently if we check the pipelines' EBBS, we will see
that there were few if any short term capacity releases into California at
above max rates. I don't know if Becky can check this out in the time
remaining, but perhaps we can note this as something FERC needs to look
into. Also, there may have been some relationship between the "soft"
electric rate caps and the gas prices. In other words, the electric cap
would be lifted if market conditions warranted, and those market conditions
were, essentially, high gas prices. I am not quite sure how to argue this,
but here it is.