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Enron Mail |
Tracy, If you take the original shortfall position into consideration. There were only two companies who paid any portion of the shortfalls (PX and Koch).
MO ---------------------- Forwarded by Murray P O'Neil/HOU/ECT on 04/08/2001 12:29 PM --------------------------- Steve C Hall 02/12/2001 03:46 PM To: Murray P O'Neil/HOU/ECT@ECT, Chris Stokley/HOU/ECT@ECT cc: Subject: CAISO Notice - Additional Payments on November 2000 Invoice Any word on how much the ISO will be paying us for Nov. real time, now that it has an extra $150 million? ---------------------- Forwarded by Steve C Hall/PDX/ECT on 02/12/2001 03:50 PM --------------------------- "Woertz, Byron" <BWoertz@caiso.com< on 02/12/2001 02:31:49 PM To: ISO Market Participants <IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTICIPANTS@caiso.com< cc: "Morrison, Stephen" <SMorrison@caiso.com<, "Anders, John" <JAnders@caiso.com<, "Epstein, Michael" <MEpstein@caiso.com< Subject: CAISO Notice - Additional Payments on November 2000 Invoice ISO Market Participants: On Friday, February 8, 2001, the ISO received payments from certain parties that had defaulted (either in part or whole) on their previous obligations to the ISO, due on February 2, 2001 (based on the November 2000 preliminary invoices). As a result of these payments the total funds which became available for distribution to Market Participants were $149,333,046.54. The ISO instructed its bank to distribute pro rata payments on Friday based on this amount. The ISO distributed these payments in accordance with ISO Tariff Section 11 and Settlements and Billing Protocol ("SABP") Section 6. A reconciliation of amounts received with the amount distributed follows: Payments Received: California Power Exchange $ 149,349,573.52 Koch Energy Trading $ 331.73 Interest on ISO Reserve Account $ 793.35 Subtotal $ 149,350,698.60 Less: Interest Cost on Previous Borrowings on Market Line of Credit $ 17,652.06 Total Distributed 2/9/2001 $ 149,333,046.54 The ISO applied payments due to Market Participants under this distribution to first extinguish any outstanding obligations, consistent with SABP 6.10.4 and 6.10.2: SABP 6.10.4 The ISO shall apply payments received in respect of amounts owing to ISO Creditors to repay the relevant debts in the order of the creation of such debts. SABP 6.10.2 The ISO is authorized to recoup, set off and apply any amount, which any defaulting ISO Debtor is or will be entitled, in or towards the satisfaction of any of that ISO Debtor's debts arising under the ISO Settlement and billing process. Each ISO Creditor and each ISO Debtor expressly acknowledges that the oldest outstanding amounts will be settled first in the order of the creation of such debts. Michael K. Epstein Byron Woertz Controller Director, Client Relations
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