Subject: CAISO/Calpine
From: legal <[email-masked]>
To: [email-masked]
Cc: [email-masked], [email-masked], [email-masked], [email-masked], [email-masked], [email-masked], [email-masked], [email-masked]
Date: Fri, 7 Dec 2001 13:37:03 -0800 (PST)

Wade here are the wiring instructions for two payments, one to the CAISO and one to Calpine:

CAISO:

$206,000

This amount represents two days' A/S and GMC charges, plus enough money to bring replenish the "3-day buffer."

Calpine:

$1,980,800

This represents two days' worth of energy to serve our California load.  Our price was $40/MWh.  

By purchasing this energy from Calpine instead of the CAISO, we saved $120/MWh ($60/MWh + $100/MWh underscheduling penalty).

This is a savings of approximately $6 million over the next two days.