Message-ID: <13397174.1075852715084.JavaMail.evans@thyme> Date: Mon, 18 Jun 2001 06:26:04 -0700 (PDT) From: john.arnold@enron.com To: caroline.abramo@enron.com Subject: RE: Cali Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Arnold, John X-To: 'Caroline.Abramo@enron.com@ENRON' X-cc: X-bcc: X-Folder: \JARNOLD (Non-Privileged)\Arnold, John\Sent Items X-Origin: Arnold-J X-FileName: JARNOLD (Non-Privileged).pst where did you get this info from? have not seen the generators who hedged before selling out. mostly just seen calpine selling. -----Original Message----- From: Caroline.Abramo@enron.com@ENRON [mailto:IMCEANOTES-Caroline+2EAbramo+40enron+2Ecom+40ENRON@ENRON.com] Sent: Monday, June 18, 2001 7:46 AM To: Arnold, John Subject: Cali Two Energy Auctions in End Jan-Beg Feb: In the last week, it has been announced that the CDWR (California Department of Water Resources) will not honor the Bids resulting from the two auctions held this year. Out of the 31 contracts, only 8 have been signed. The other 23 are expected to either remain unsigned/uncontracted or their terms (their prices) are expected to change since power prices have decreased so much since the beginning of the year. John- have we seen any selling in the 10 year curve to support the above..all the people who bought in Jan and Feb selling out???