PA wholesale vs. retail prices

I talked with Jim Steffes about the article below. He stated that the PA
company most at risk for a California type problem is GPU because it has
divested its generation and will be in the market more. (Maybe this creates
an opportunity for EPMI selling a hedge product to GPU?)

Tom Chapman--Do you have additional info or insights on this? Thanks.

From: Christi L Nicolay 04/04/2001 10:08 AM

To: Tom Hoatson/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON
cc:

Subject:

Today's Electric Power daily discusses that due to high wholesale power
prices, many PA customers are switching back to their utility that has capped
prices. Does this create the potential for a California situation with the
utilities in PA? I put in a call to Jim S too. Thanks for your help.