Message-ID: <28217713.1075840641972.JavaMail.evans@thyme> Date: Fri, 10 Nov 2000 08:44:00 -0800 (PST) From: john.forney@enron.com To: paul.choi@enron.com Subject: Ancillary Services on Friday, Nov. 10th Cc: heather.dunton@enron.com, kourtney.nelson@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: heather.dunton@enron.com, kourtney.nelson@enron.com X-From: John M Forney X-To: Paul Choi X-cc: Heather Dunton, Kourtney Nelson X-bcc: X-Folder: \mark guzman 6-28-02\Notes Folders\Discussion threads X-Origin: GUZMAN-M X-FileName: mark guzman 6-28-02.nsf Paul, CRC bid in replacement reserves for today. This afternoon, Tim Clemmons called Collin to say that CRC didnt have the energy for this transaction in the event that they were exercised. They wanted us to "shop around" for mw's to replace their schedule. I have heard from Jeremy Morris that this has happened on at least one other occasion. I dont know the circumstances behind today's problem, however, it is unaceptable that they leave us in this position. We were, indeed, exercised and we had to purchase from LADWP for $225. Had LA not been selling, we would have looked really bad to the ISO. I am requesting that Heather transfer the profits for this exercised hour to the ST W Hrly book. The profits would include both the "premium" and the exercise price . We need to talk about this counterparty again. Thanks, JMF