Message-ID: <27157138.1075840735755.JavaMail.evans@thyme> Date: Tue, 24 Oct 2000 08:18:00 -0700 (PDT) From: john.forney@enron.com To: portland.shift@enron.com Subject: CRC NEW PROCEDURE Cc: paul.choi@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: paul.choi@enron.com X-From: John M Forney X-To: Portland Shift X-cc: Paul Choi X-bcc: X-Folder: \mark guzman 6-28-02\Notes Folders\Notes inbox X-Origin: GUZMAN-M X-FileName: mark guzman 6-28-02.nsf The following procedure will be effective tomorrow, October 25th: Bill Miller will call with a volume that he wants to bid into California for a given day. We can either: 1. Give Bill a fixed price that is in excess of his floor price. We can either sell this energy to Dynegy, etc. in an SC trade (locking in a guaranteed spread) , or take the expost risk ourselves, granting Bill the fixed price negotiated above. 2. Enter into Profit sharing. Use Bill's price as a basis and split 50-50 all profits above the basis, much like Redding and El Paso. We can use the Redding spreadsheet as a template for this transaction. 3. Advise Bill to take energy to PX Day of with the profit sharing proposal listed above. 4. Advise CRC to take no action, leaving their prescheduled energy within NEVP Control (take NEVP imbalance). Either option would begin with doing an SC trade purchase from WESCO, CRC's supplier. We would coordinate with Wesco and/or Bill Miller the hours and mw's involved and submit our trades to the ISO. The energy being sold will most likely have been prescheduled to CRC from the ISO (Wesco gen. in SP15) . We had been "turning this energy around" to point it toward the ISO in the RT. If this remains to be the case, we will still have to coordinate with the ISO, WAPA and NEVP to inform them of any interruption of prescheduled energy schedules to CRC. We have been spending alot of time on the PX Day of transactions for this customer. This option would reduce keystrokes and calls and give us more trading opportunity with CRC. As always, you need to have a two - way in mind for each load zone and for your entire shift. DO NOT SUPPLY CRC WITH A SETTLEMENTS SHEET UNTIL I APPROVE IT. If you have questions give me a call, JMF