Message-ID: <8556108.1075863316050.JavaMail.evans@thyme> Date: Thu, 21 Jun 2001 09:40:51 -0700 (PDT) From: kalmeida@caiso.com To: bill.williams@enron.com Subject: FERC Order Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "Almeida, Keoni" @ENRON X-To: Williams III, Bill X-cc: X-bcc: X-Folder: \Williams III, Bill (Non-Privileged)\Bill Williams III X-Origin: Williams-B X-FileName: Williams III, Bill (Non-Privileged).pst Bill, the $108.08 price you see in Footnote #3 of the e-mail titled CAISO Notice: Correction of FERC June 19 Order Market Notice is the highest hourly ex-post price during the last Stage 1. The $91.87 price is 85% of $108.08 per the FERC Order. The last Stage 1 occurred on Trade Date 5/31/01, HE 10 and 11. A Stage 2 was in effect from 1132 - 2215. See http://www.caiso.com/docs/09003a6080/08/8a/09003a6080088aa7.xls , 2001 Emergency Detail tab. The Hourly Ex Post Price can be found in OASIS under Button 29, Ex Post Market Information on the CAISO Website. The Order indicates that the price should not include a Stage 2 and 3 and even though the cancellation notice of the Stage 1was not until HE23 we are going by the strict definition of when the Stage 1 was actually implemented. Hope this helps. Keoni Almeida California Independent System Operator phone: 916/608-7053 pager: 916/814-7352 alpha page: 9169812000.1151268@pagenet.net e-mail: