Message-ID: <21224265.1075852504579.JavaMail.evans@thyme> Date: Wed, 19 Sep 2001 15:09:13 -0700 (PDT) From: d..steffes@enron.com To: wanda.curry@enron.com, michael.tribolet@enron.com, steve.swain@enron.com Subject: CAISO Mitigated Prices Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Steffes, James D. X-To: Curry, Wanda , Tribolet, Michael , Swain, Steve X-cc: X-bcc: X-Folder: \JSTEFFE (Non-Privileged)\Steffes, James D.\Sent Items X-Origin: Steffes-J X-FileName: JSTEFFE (Non-Privileged).pst CONFIDENTIAL -- DO NOT DISTRIBUTE OUTSIDE THE COMPANY. Attached is a spreadsheet of how prices may change with the FERC Refund case. This is still subject to change. Hope this helps with the Negative CTC calculation and negotiations. Jim -----Original Message----- From: "Acton, Jan" @ENRON Sent: Wednesday, September 19, 2001 4:13 PM To: 'jsteffe@enron.com'; Alvarez, Ray Cc: 'gfergus@brobeck.com' Subject: Mitigated Prices Attached are files that compare the ISO's calculation of Mitigated Market Clearing Price (MMCP) against various prices that prevail and are used in the California market. The attached tables give monthly values for peak and off peak periods (using 6X16 to define peak). They show percent changes and absolute dollar values ("Margin"). As you can see, the price reductions (that is original price minus mitigated price as a percent of original price) amount to 50% in some cases. The margins and percent reductions vary importantly by time period and the type of charge involved. I hope that these are useful. Please let me know if you have any questions. <> Jan Paul Acton Vice President Charles River Associates 1201 F St., NW, Suite 700 Washington, DC 20004-1204 Voice: (202) 662 3902 Fax: (202) 662 3910 **************************************************************************** ***** This electronic message contains information from the consulting firm of Charles River Associates Inc., which may be confidential or privileged. The information is intended for the use of the individual or entity named above. If you are not the intended recipient, be aware that any disclosure, copying, distribution or use of the contents of this information is prohibited. If you have received this electronic transmission in error, please notify us by telephone (617 425-3582) or by e-mail (postmaster@crai.com) immediately. **************************************************************************** ***** - mitigation margins.xls