Message-ID: <2714901.1075843838564.JavaMail.evans@thyme>
Date: Wed, 3 Jan 2001 11:53:00 -0800 (PST)
From: jeff.dasovich@enron.com
To: kari.dohn@gov.ca.gov
Subject: Pricing Information
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X-From: Jeff Dasovich
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Best of luck.  You've got a tough job.  Guess you'll be working that much 
harder now that John Stevens is on his way to San Francisco.

At last week's meeting, a request was made for peak and off peak prices.  
I've attached prices that we filed yesterday at FERC as part of its on-going 
proceeding of forward contracts.  Few comments:  

We'd appreciate it if you could keep the information confidential, 
particularly since the information is covered by FERC's confidentiality 
provisions.

Since we are not a "generator," we buy and sell in the market, which as you 
know is currently very volatile. Consequently, the quotes that we provide 
customers change daily to reflect changing market prices.  These prices were 
put together and filed yesterday, but you may have heard that prices were 
down today.  So quotes we made today were lower.   And quotes we makes 
tomorrow will reflect tomorrow's market conditions and will likely be 
different from today's.

Because these quotes were assembled yesterday, they are only "indicative."  
That is, if someone wanted to buy these products today, we'd have to 
recalculate prices, because the quotes established yesterday are no longer 
valid (for the reasons I mentioned above).

Hope this helps.  If you have any questions, let me know.

Best,
Jeff