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This thread is a little confusing but the upshot is that NP15-NW1 was undersubscribed (only 50 MW out of 165 MW bid upon) but the winning prices was very high: $10,000/MW-yr. GAC -----Original Message----- From: McClain, Jim [mailto:JMcClain@caiso.com] Sent: Thursday, January 31, 2002 10:08 AM To: Comnes, Alan Subject: RE: Question about the Auction results Hi Alan, Sorry about that. I didn't walk all the way through the numbers. We had an initial offer of 165MW but only 51MW were bid on so the remaining 104MW go back to the TOs. So 51MW times the clearing price of $10,002 gives you the $510,102. If you have any questions on this please let me know. Thanks, Jim McClain Account Manager - Client Relations Phone 916-608-7072 Pager 916-814-2408 jmcclain@caiso.com -----Original Message----- From: Comnes, Alan [mailto:Alan.Comnes@ENRON.com] Sent: Thursday, January 31, 2002 9:46 AM To: McClain, Jim Subject: RE: Question about the Auction results Jim, Thanks for the reply. If I take the total revenues for that branch group ($510k) and divide by the MW sold (165 MW) I get the $3k/MW/yr number not the $10k number. Alan -----Original Message----- From: McClain, Jim [mailto:JMcClain@caiso.com] Sent: Thursday, January 24, 2002 4:22 PM To: Comnes, Alan Subject: RE: Question about the Auction results Hi Alan, The closing price for COI NP15-NW1 was $10,002. It closed in the first round, thus was the seed price as posted on the web-site. Where did you get the $3092 number from? Give me a call if something doesn't look right. Thanks, Jim McClain Account Manager - Client Relations Phone 916-608-7072 Pager 916-814-2408 jmcclain@caiso.com -----Original Message----- From: Comnes, Alan [mailto:Alan.Comnes@ENRON.com] Sent: Thursday, January 24, 2002 3:59 PM To: jmcclain@caiso.com Subject: Question about the Auction results Jim, I can't make sense of the $/MW number for COI_BG in the "by branch group" report. Shouldn't it be $3092 instead of $10000+? Alan Comnes Enron Corp ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. **********************************************************************
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