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Enron Mail |
Some comments from Tim on the outline
Because the prices are based on L3Day NYMEX prices, when two out of three prices have already been posted, it is impossible for parties to hedge their risk for November. [For your information but not for the filing - We have a big position for November so we need to get this pushed off until December or we could lose alot of money]. By basing the caps on heat rates from 1999, the ISO assumed that this was the proper test period. This is not a good test year given that generators lost alot of money in 1999. From: James D Steffes@ENRON on 10/27/2000 11:09 AM CDT To: dwatkiss@bracepatt.com, dexickson@mwe.com, Joe Hartsoe/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Mary Hain/HOU/ECT@ECT, Susan J Mara/SFO/EES@EES, Jeff Dasovich/NA/Enron@Enron cc: Subject: Pleading to Stop ISO Here is the outline of some points to make in the filing today.
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