Message-ID: <33054604.1075840622764.JavaMail.evans@thyme> Date: Thu, 7 Dec 2000 01:52:00 -0800 (PST) From: carla.hoffman@enron.com To: tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com, phillip.platter@enron.com, mike.swerzbin@enron.com, diana.scholtes@enron.com, sean.crandall@enron.com, matt.motley@enron.com, mark.guzman@enron.com, tom.alonso@enron.com, mark.fischer@enron.com Subject: DJ Calif. ISO Solicits Bids For Short-Term Power Contracts Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Carla Hoffman X-To: Tim Belden, Robert Badeer, Jeff Richter, Phillip Platter, Mike Swerzbin, Diana Scholtes, Sean Crandall, Matt Motley, Mark Guzman, Tom Alonso, Mark Fischer X-cc: X-bcc: X-Folder: \mark guzman 6-28-02\Notes Folders\All documents X-Origin: GUZMAN-M X-FileName: mark guzman 6-28-02.nsf ---------------------- Forwarded by Carla Hoffman/PDX/ECT on 12/07/2000 10:02 AM --------------------------- Enron Capital & Trade Resources Corp. From: "Pergher, Gunther" 12/07/2000 09:55 AM To: undisclosed-recipients:; cc: Subject: DJ Calif. ISO Solicits Bids For Short-Term Power Contracts 17:16 GMT 7 December 2000 *DJ Calif. ISO Solicits Bids For Short-Term Power Contracts (MORE) Dow Jones Newswires 12-07-00 1216EST *DJ Calif ISO Seeks Cost-Based Power Contracts Beginning Sat (MORE) Dow Jones Newswires 12-07-00 1217EST Bids Due 2 P.M. PST Thu LOS ANGELES (Dow Jones)--Faced with a severe power supply deficiency for the remainder of the year, California's grid operator is seeking short-term, cost-based electricity contracts that could begin as early as Saturday, according to documents obtained by Dow Jones Newswires Thursday. Bids are due 2 p.m. PST (2200 GMT) Thursday, and contracts are expected to be signed 5 p.m. PST. The state's Independent System Operator sent a notice to generators appealing for additional resources equal to 5% of the ISO's projected peak load for the month of December, according to the notice. The actual number of megawatts was undetermined. However, market sources put the figure around 5,000 MW. The ISO is looking for the lowest possible bid. "Cost-recovery will be limited to verifiable start-up costs, fuel costs, emissions costs, and an amount equal to the lessor of 10% of production costs or $25 a megawatt-hour," the notice states. With 11,000 MW of generation off-line - about one-quarter of the state's capacity - due to planned and unplanned outages and colder-than-normal temperatures in the Northwest that limit the amount of power California can import, the ISO has been forced to go out of market and pay premium rates for wholesale electricity in order to keep the state plugged in. -By Jason Leopold, Dow Jones Newswires; 323-658-3874; jason.leopold@dowjones.com (END) Dow Jones Newswires 12-07-00 G_nther A. Pergher Senior Analyst Dow Jones & Company Inc. Tel. 609.520.7067 Fax. 609.452.3531 The information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any computer.