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Enron Mail |
----- Forwarded by John J Lavorato/Corp/Enron on 01/21/2001 08:38 PM ----- Christopher F Calger@ECT 01/21/2001 04:00 PM To: Barry Tycholiz/NA/Enron@ENRON cc: John J Lavorato/Corp/Enron@Enron Subject: California QFs - Gas Hedging Barry, FYI the California QF's are negotiating a settlement deal with Edison and the state of California which would fix energy payments over five years. Currently the energy payments are indexed to Socal Border because a majority of the Edison QF's buy spot gas. If this settlement happens, the QF's will likely want to buy financial swaps. The Edison gas-fired QF's represent about 500MMCF/Day of gas. Chris
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