Enron Mail

From:bill.williams@enron.com
To:alan.comnes@enron.com
Subject:FW: prices
Cc:greg.wolfe@enron.com
Bcc:greg.wolfe@enron.com
Date:Tue, 3 Jul 2001 11:47:04 -0700 (PDT)

Alan,

According to this site the cap was around $71 for HE 15 and $72 for HE 18. We had already traded for these hours when the "new cap" had been set. This is a retroactive cap during mitigation hours. When trading in the hour ahead market (1 hour before energy flows) we cannot predict the Cap to Market ratio. For example: Expost is $18 right now, and the market is at $91.87. Any recommendations?

Bill

-----Original Message-----
From: "Almeida, Keoni" <KAlmeida@caiso.com<@ENRON [mailto:IMCEANOTES-+22Almeida+2C+20Keoni+22+20+3CKAlmeida+40caiso+2Ecom+3E+40ENRON@ENRON.com]
Sent: Tuesday, July 03, 2001 8:28 AM
To: Williams III, Bill; Foster, Chris H.
Subject: prices

A fast way to see the MCP is under Energy Prices at http://www.caiso.com/.
You'll notice that in hours 15, 16, 17 and 18 yesterday the MCP was set by
the proxy price when we were in a Stage 1 then 2 Emergency. Other hours
were set by the previous Stage 1 cap.

Keoni Almeida
California Independent System Operator
phone: 916/608-7053
pager: 916/814-7352
alpha page: 9169812000.1151268@pagenet.net
e-mail: <mailto:kalmeida@caiso.com<