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We are wrapping up several hours in the office and have tested all commodities front to back. We found a few minor issues, primarily reports with report dates that were incorrect. The content and underlying calculations in the reports were correct. These were really just query and formatting issues. All were quick fixes of five minutes or less. So at this point we feel confident about our system situation. More will unfold with counterparties next week, but hopefully all found this as uneventful as have we. Hope your new year's celebration was fun. We saw pictures of the London festivies on TV as we were cooking our New Year's eve dinner last night at home. See you soon.

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OUT: Happy New Year - No Y2K Fear!

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Details in exchange for this - I read an article this morning that quoted an ISO market analyst speaking about the $6.2 billion the system operator would like to recover in charges since last spring: "We are not saying now that these are overcharges. We are telling the FERC that we see these as the amounts that we deem 'excessive.'" The lead of the story was this: "The California Independent System Operator......significantly upped the ante Thursday when it told the Federal Energy Regulatory Commission that 21 generators and suppliers should refund the state a stunning $6.2 billion for electricity sold into the state since last May." First of all, tell me what the difference is between "overcharges" and "excessive" charges. If there isn't one, give me your opinion on why this analyst would say such a stupid thing. Second, give me one reason why the lead is journalistically incorrect, and one why it is gramatically unattractive. Then you get details. Kate

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OUT: Date details

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Thanks for the note and congratulations. Sorry we didn't get a chance to talk before you left. But, I'm still here; give me a call when you get a chance - 1586.

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Gooooooooooood Bye!