Subject: "You are Invited...".

Body: Hey y'all... Just wanted to let you know that I am the reason for the Spam. Please bring any and all. Even if you aren't interested in the prizes, this should be a fun night. Hope to see y'all there!

Subject: "CA legislature in doubt".

Body: Karen: See highlited section of story below. PG&E's got it right. Recall that DWR was only buying power that it determined was "priced reasonably." Consequently, the net short wasn't getting picked up. That meant that the ISO would have to go to the real-time market to close the gap. The ISO would then charge the utilities for the power purchased. Recall that Bob Glynn referenced the $300 MM/month that continued to pile up on PG&E's balance sheet as one of the several reasons that PG&E put itself into bankruptcy. Now that PG&E's in bankruptcy, the state is now responsible for the full net short, and can't continue to sluff it off onto PG&E's balance sheet. So it's therefore no surprise that the State's daily bill for power purchases has increased dramatically---just not for any of the bogus reasons cited by

Subject: "NGP&L Variance".

Body: The Gas Spec (Oil NG Hedge) book will show a MTD variance of $819,000 today. When the Power p&l was added to this book last week the formulas did not divide by 1,000. Therefore the incorrect p&l was reported. However, John Lavorato was given a corrected report, so this variance will not be included in today's daily p&l on the NGP&L. If you have any questions feel free to give me a call. Thanks,

Subject: "Pricing Format Change".

Body:
Hi all, Paula Lacour has requested that I change the format of the pricing spreadsheet for the following 3 products: Premium Unleaded 93 Waterborne, Unleaded 87 USGC Waterborne and LS No. 2 Fuel Oil Waterborne to dollars per gallon (ex. 61.500 to now read .61500). If there are no objections, this change will take place beginning Nov. 1st. If you do not agree with this change please let me know. Thank you,