Too hot a market: How energy producers manipulate California (Published Sept. 22, 2000) The priciest place to shop this August in California was in Pasadena. There at the California Power Exchange, where much of the state's electricity is bought and sold, prices that utilities paid for power (an average $166 per megawatt) were up fivefold from the previous August ($32). What is happening? Among other things, too much power on hot days is being purchased in the near-panic environment that develops in the hours before a possible crisis. Too little is being purchased as it should be -- days, or even months, in
Answer: Editorial from Today's Sac Bee
Here is an email: I have a tax bill to Columbia Energy Services in the amount of $5,606.78 for gas stored at the Bear Creek Storage facility. The amount is $5,606.78 and it is for the the 2000 tax year. I was notified about this yesterday and I think it was due on 12/31/2000. How do you want to handle this? I was going to pay it and bill New Power for the whole amount. I will also have our tax department fax a copy to Jeff.
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A: Taxes
Q: Nelson, I have booked the TDC deal for the remainder of the term. It is now in the Gulf3 book at Tenn/Zone1. If locations need to change, and I'm sure they will, please let me know and I will make sure it is hedged correctly. sitara #778201 also, if you could use the same sitara number every month for the central gas it would help make our reconciliation process much smoother. Thanks,
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A: TDC
IN: D-Rock, Attached are a clean and redlined copy with my comments. I have noted a couple of areas where I still have questions. One that I didn't note in the agreement, is my concern that they could deny us a new Delivery Point if we can't agree on terms. We need to discuss this one tommorrow. I will shout out at ya tommorrow. The Artist

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OUT: Maverick Revisions
IN: This is an email
Ettera issues: 1. When hourly is asked to manage a day ahead position we cannot adjust the position in ettera and makes it a worthless tool, the position cannot be found. We have to adjust the day ahead position in the portal directly. 2. If we have a day ahead position and adjust it hourly it will change back to the original schedule when we submit another schedule. 3. Frontera is too time consuming and confusing when we have to show a buy from frontera and a sell to frontera when we buy from them. 4. The whole process takes to long, on average it usually takes 5 minutes to put an hourly schedule in when it only takes a minute when done directly in the portal. Thats all I got, I hope it helps. Alex

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OUT: Ettera
We need to finalize. Legal opinion needs to come from Mark Haedicke (my recollection is that he may not need the back up). Have we requested the guaranty? Thanks. Sara
Answer:
ISDA documents