Message-ID: <15829409.1075852834567.JavaMail.evans@thyme> Date: Mon, 1 Oct 2001 12:07:11 -0700 (PDT) From: m..presto@enron.com To: billy.braddock@enron.com Subject: RE: CP&L Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Presto, Kevin M. X-To: Braddock, Billy X-cc: X-bcc: X-Folder: \KPRESTO (Non-Privileged)\Sent Items X-Origin: Presto-K X-FileName: KPRESTO (Non-Privileged).pst You are right. They are on crack. This would be at least $3.50/Mwh over Cin. They have gas deliverability issues in the winter and there alternative fuel is No. 2 oil. Therefore, CPL East is a big premium Nov-Mar. The bid/offer for this location is large due to transmission risk. -----Original Message----- From: Braddock, Billy Sent: Monday, October 01, 2001 11:11 AM To: Presto, Kevin M. Subject: CP&L Importance: High FYI. CP&L is bidding for Nov-Dec'01, 5x16, into CPL-East, 100MW. Bid $22 for Nov., and $23 for Dec. I've seen trades in this area go for premiums to Cinergy and PJM, so I think they're on crack for showing this. They have no offer. Billy Braddock Manager - Enron Power Marketing Inc. 713-345-7877 (work) 713-646-4940 (fax) 713-503-2166 (cell)