Re: $80 million

----- Forwarded by Richard B Sanders/HOU/ECT on 02/28/2001 04:34 PM -----

Richard B Sanders
02/26/2001 06:38 AM

To: Steve C Hall/PDX/ECT@ECT
cc: Christian Yoder/HOU/ECT@ECT, gfergus@brobeck.com
Subject: Re: $80 million

Looks good. I would send it from me to Lisa Urrick at the PX instead. What do
you think?

Steve C Hall
02/23/2001 03:51 PM

To: gfergus@brobeck.com, Richard B Sanders/HOU/ECT@ECT, Christian
Yoder/HOU/ECT@ECT
cc:
Subject: $80 million

Gary,

The only suggestion I have for the letter involves your reference to the FTR
Auction. I would propose that you revise 2(b) of the letter to read as
follows:

b. Has the CalPX made any attempts to have the ISO apply the approximately
$80 million in proceeds from the ISO's recent Firm Transmission Right auction
to PG&E and Edison's ISO real-time charges incurred while the CalPX was
acting as Scheduling Coordinator for the two utilities?

Here is the original sentence: "b. Has the CalPX credited the $80,000,000 in
auction revenue for the Firm Transmission Rights from the auction held in
January in any of these chargeback calculations?"

The FTR proceeds are held by the ISO, not the PX, making it impossible for
the PX to credit the IOUs for these amounts.

Steve
---------------------- Forwarded by Steve C Hall/PDX/ECT on 02/23/2001 01:23
PM ---------------------------

Christian Yoder

02/23/2001 11:57 AM
To: Steve C Hall/PDX/ECT@ECT
cc:

Subject: $80 million

Let's try to think this through today.---cgy
---------------------- Forwarded by Christian Yoder/HOU/ECT on 02/23/2001
11:25 AM ---------------------------

Enron Capital & Trade Resources Corp.

From: "Fergus, Gary S." <GFergus@brobeck.com<
02/23/2001 10:11 AM

To: "Richard B. Sanders Esq. (E-mail)" <richard.b.sanders@enron.com<, "Harry
A. Olivar Jr. (E-mail)" <hao@quinnemanuel.com<, "Christian. Yoder (E-mail)"
<cyoder@enron.com<, "Stephen C. Hall (E-mail)" <schall@stoel.com<, "Timothy
Belden (E-mail)" <tim.belden@enron.com<
cc:
Subject: $80 million

Here is a draft letter to the CalPX for your review and comments.

Thanks.
Gary

<<whitwell2.23.doc<<

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- whitwell2.23.doc