Message-ID: <22625261.1075851865814.JavaMail.evans@thyme>
Date: Thu, 29 Mar 2001 04:20:00 -0800 (PST)
From: dave.fuller@enron.com
To: barry.tycholiz@enron.com
Subject: SRAC Hedge
Cc: chris.foster@enron.com, kim.ward@enron.com
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Barry,

Attached is a copy of the CPUC order changing the SRAC payment formula from 
SoCal to Malin.  Also attached is a diagram showing how we could structure a 
hedge for those QFs buying term gas at SoCal index (or simply sell SoCal 
priced at Malin).





Dave