RE: Forward Natural gas and Electric Costs

Jeff,

A 10 year fixed price indication at the PG&E City Gate out of Jan. 02 is approximately $3.32. I hope this is helpful. Let me know how I can help facilitate the blend with Merced.

Let me know if there is any thing else that you need.

thanks,

Kim

-----Original Message-----
From: Jeff Fuller <JFuller@prmllp.com<@ENRON
Sent: Friday, October 12, 2001 10:09 AM
To: Ward, Kim S (Houston)
Cc: 'Garith Krause'; 'Roy Price'
Subject: FW: Forward Natural gas and Electric Costs

Kim, can you help Merced out with a 10-year PG&E city-gate price assuming a 1/1/2002 start (see message below). I'll get them the electricity price. Indicative price is fine. We are not going to transact.

Got your message too about gas prices moving up. We are still looking at the blend/extend versus an outright swap of the last almost 3 years. I'll be in touch.

Thanks for your help.

Jeff

-----Original Message-----
From: Roy Price [mailto:rprice@elite.net]
Sent: Friday, October 12, 2001 8:07 AM
To: JFuller@prmllp.com
Cc: Garith Krause
Subject: Forward Natural gas and Electric Costs
Jeff:

Do you have on hand data on natural gas futures for 10 years
and Electric Prices projected for 10 years.
If Available we can use them this morning. I know the lead time
Is short but would appreciate any help you can provide.

Thanks

Roy