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For April the indexes were as follows:
San Juan NGI - $4.51/MMBtu SoCal: $12.56 PG&E SoCal: $7.71 So, PG&E is a lot less valuable but still decent at $3.31 spread. Re: your question, the more I think about it the more I think PG&E is the relevant index. A basket would be better for Citizens but less attractive to Griffith. Can you sell them on the basket? C Enron Capital & Trade Resources Corp. From: CoganJA@aol.com 03/31/2001 07:06 AM To: Chris.H.Foster@enron.com cc: sbreen@czn.com Subject: Re: PPL Proposal Thanks, Chris. What are your thoughts on using a basket approach to the index? ?As an alternative to just using either SoCal or PGE, we could use the average. ? Would any other index points be appropriate? See the attached file. ?I have provided for averaging the two indexes. John John A. Cogan Johnco Group 3629 Lake Kristin Drive Gretna, LA 70056 Phone ?(504) 392-7557 Cell ?????(504) 491-2874 Fax ?????(208) 730-4713 - EP-Socal GD PricesII.xls
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