Spreadsheet: john_lavorato__16452__CapsBeld
Sheet: Belden(OFF)

CAPS vs POWER ------ OFF PEAK |  |  |  |  |  |  | [NAME] based on Nymex natural gas close 10/27/00 |  |  |  |  |  |  | West power prices in excess of implied [NAME] on 10/27/00
 |  | MARKET |  |  |  |  | **used actual ISO loads averaged from (99' and 00') to calculated price caps
NOV  00' |  | COB | NP | SP | PV | GAS | Gas 4 | Gas 4.2 | Gas 4.4 | Gas 4.6 | Gas 4.8 | Gas 5 | Gas 5.2 | Gas 5.4 | Gas 5.6 | Gas 5.8 | Gas 6 | Gas 6.2 | Gas 6.4
 | PRICES | 75 | 65 | 49.5 | 45 | CAPS (act) | 44.3723659305992 | 46.59098422712962 | 48.80960252365934 | 51.02822082018903 | 53.24683911671949 | 55.4654574132491 | 57.6840757097793 | 59.90269400630913 | 62.12131230283904 | 64.33993059936893 | 66.55854889589872 | 68.77716719242937 | 70.99578548895937
DEC  00' |  | COB | NP | SP | PV | GAS | Gas 4 | Gas 4.2 | Gas 4.4 | Gas 4.6 | Gas 4.8 | Gas 5 | Gas 5.2 | Gas 5.4 | Gas 5.6 | Gas 5.8 | Gas 6 | Gas 6.2 | Gas 6.4
 | PRICES | 75 | 65 | 48.5 | 44 | CAPS (act) | 45.81170731707301 | 48.10229268292711 | 50.3928780487805 | 52.6834634146339 | 54.97404878048804 | 57.26463414634146 | 59.55521951219517 | 61.84580487804875 | 64.13639024390244 | 66.4269756097559 | 68.71756097560946 | 71.00814634146373 | 73.2987317073175
JAN  01' |  | COB | NP | SP | PV | GAS | Gas 4 | Gas 4.2 | Gas 4.4 | Gas 4.6 | Gas 4.8 | Gas 5 | Gas 5.2 | Gas 5.4 | Gas 5.6 | Gas 5.8 | Gas 6 | Gas 6.2 | Gas 6.4
 | PRICES | 73 | 58 | 43.5 | 42.23 | CAPS (act) | 44.69567010309257 | 46.93045360824794 | 49.16523711340134 | 51.40002061855625 | 53.63480412371134 | 55.8695876288666 | 58.10437113402015 | 60.33915463917588 | 62.57393814433036 | 64.80872164948377 | 67.04350515463972 | 69.27828865979427 | 71.51307216494837
FEB 01' |  | COB | NP | SP | PV | GAS | Gas 4 | Gas 4.2 | Gas 4.4 | Gas 4.6 | Gas 4.8 | Gas 5 | Gas 5.2 | Gas 5.4 | Gas 5.6 | Gas 5.8 | Gas 6 | Gas 6.2 | Gas 6.4
 | PRICES | 62.25 | 53 | 43.5 | 44.3 | CAPS (act) | 44.50318339100325 | 46.72834256055411 | 48.95350173010314 | 51.17866089965356 | 53.40382006920445 | 55.62897923875484 | 57.85413840830412 | 60.07929757785487 | 62.30445674740521 | 64.52961591695434 | 66.75477508650536 | 68.97993425605581 | 71.20509342560574
MAR 01' |  | COB | NP | SP | PV | GAS | Gas 4 | Gas 4.2 | Gas 4.4 | Gas 4.6 | Gas 4.8 | Gas 5 | Gas 5.2 | Gas 5.4 | Gas 5.6 | Gas 5.8 | Gas 6 | Gas 6.2 | Gas 6.4
 | PRICES | 52 | 50 | 43.5 | 44.61 | CAPS (act) | 44.28851612903204 | 46.50294193548437 | 48.71736774193477 | 50.93179354838665 | 53.146219354839 | 55.3606451612909 | 57.57507096774152 | 59.78949677419386 | 62.00392258064557 | 64.21834838709604 | 66.43277419354867 | 68.64720000000047 | 70.86162580645177
APR 01' |  | COB | NP | SP | PV | GAS | Gas 4 | Gas 4.2 | Gas 4.4 | Gas 4.6 | Gas 4.8 | Gas 5 | Gas 5.2 | Gas 5.4 | Gas 5.6 | Gas 5.8 | Gas 6 | Gas 6.2 | Gas 6.4
 | PRICES | 45 | 49 | 38 | 28.17 | CAPS (act) | 44.5306451612901 | 46.75717741935532 | 48.98370967741862 | 51.21024193548344 | 53.43677419354864 | 55.66330645161347 | 57.889838709677 | 60.11637096774231 | 62.34290322580686 | 64.56943548387025 | 66.79596774193578 | 69.02250000000045 | 71.24903225806463
MAY 01' |  | COB | NP | SP | PV | GAS | Gas 4 | Gas 4.2 | Gas 4.4 | Gas 4.6 | Gas 4.8 | Gas 5 | Gas 5.2 | Gas 5.4 | Gas 5.6 | Gas 5.8 | Gas 6 | Gas 6.2 | Gas 6.4
 | PRICES | 45 | 48.5 | 38 | 28.05 | CAPS (act) | 45.91367164179081 | 48.20935522388113 | 50.50503880596937 | 52.80072238805923 | 55.09640597014917 | 57.3920895522395 | 59.68777313432782 | 61.98345671641864 | 64.279140298508 | 66.57482388059616 | 68.87050746268723 | 71.1661910447766 | 73.46187462686557
JUN 01' |  | COB | NP | SP | PV | GAS | Gas 4 | Gas 4.2 | Gas 4.4 | Gas 4.6 | Gas 4.8 | Gas 5 | Gas 5.2 | Gas 5.4 | Gas 5.6 | Gas 5.8 | Gas 6 | Gas 6.2 | Gas 6.4
 | PRICES | 51.5 | 48.5 | 38 | 23.13 | CAPS (act) | 48.37289473684191 | 50.79153947368466 | 53.21018421052557 | 55.62882894736803 | 58.04747368421066 | 60.46611842105322 | 62.8847631578943 | 65.30340789473726 | 67.72205263157939 | 70.14069736842032 | 72.55934210526355 | 74.97798684210566 | 77.39663157894752
JUL 01' |  | COB | NP | SP | PV | GAS | Gas 4 | Gas 4.2 | Gas 4.4 | Gas 4.6 | Gas 4.8 | Gas 5 | Gas 5.2 | Gas 5.4 | Gas 5.6 | Gas 5.8 | Gas 6 | Gas 6.2 | Gas 6.4
 | PRICES | 64 | 64.5 | 58 | 42.85 | CAPS (act) | 51.13388971684037 | 53.69058420268271 | 56.24727868852433 | 58.80397317436625 | 61.36066766020829 | 63.91736214605123 | 66.4740566318923 | 69.03075111773545 | 71.58744560357712 | 74.14414008941814 | 76.70083457526142 | 79.2575290611032 | 81.81422354694472
AUG 01' |  | COB | NP | SP | PV | GAS | Gas 4 | Gas 4.2 | Gas 4.4 | Gas 4.6 | Gas 4.8 | Gas 5 | Gas 5.2 | Gas 5.4 | Gas 5.6 | Gas 5.8 | Gas 6 | Gas 6.2 | Gas 6.4
 | PRICES | 82 | 69.5 | 58 | 45 | CAPS (act) | 51.24681249999985 | 53.80915312500027 | 56.37149374999956 | 58.93383437499968 | 61.4961749999999 | 64.05851562500051 | 66.62085624999963 | 69.18319687500058 | 71.74553750000037 | 74.3078781249994 | 76.87021875000057 | 79.43255937500031 | 81.99489999999984
SEP 01' |  | COB | NP | SP | PV | GAS | Gas 4 | Gas 4.2 | Gas 4.4 | Gas 4.6 | Gas 4.8 | Gas 5 | Gas 5.2 | Gas 5.4 | Gas 5.6 | Gas 5.8 | Gas 6 | Gas 6.2 | Gas 6.4
 | PRICES | 77 | 69.5 | 58 | 43.85 | CAPS (act) | 49.07899999999983 | 51.5329500000004 | 53.98689999999946 | 56.44084999999963 | 58.89479999999986 | 61.34875000000055 | 63.8026999999996 | 66.25665000000063 | 68.71060000000043 | 71.16454999999932 | 73.61850000000058 | 76.07245000000036 | 78.52639999999985
OCT 01' |  | COB | NP | SP | PV | GAS | Gas 4 | Gas 4.2 | Gas 4.4 | Gas 4.6 | Gas 4.8 | Gas 5 | Gas 5.2 | Gas 5.4 | Gas 5.6 | Gas 5.8 | Gas 6 | Gas 6.2 | Gas 6.4
 | PRICES | 58.25 | 54 | 41 | 37.26 | CAPS (act) | 46.50668874172167 | 48.83202317880835 | 51.15735761589339 | 53.48269205297977 | 55.80802649006639 | 58.13336092715281 | 60.45869536423803 | 62.78402980132491 | 65.10936423841095 | 67.4346986754961 | 69.7600331125831 | 72.08536754966926 | 74.41070198675494
NOV 01' |  | COB | NP | SP | PV | GAS | Gas 4 | Gas 4.2 | Gas 4.4 | Gas 4.6 | Gas 4.8 | Gas 5 | Gas 5.2 | Gas 5.4 | Gas 5.6 | Gas 5.8 | Gas 6 | Gas 6.2 | Gas 6.4
 | PRICES | 52.5 | 51 | 41 | 41.67 | CAPS (act) | 44.3723659305992 | 46.59098422712962 | 48.80960252365934 | 51.02822082018903 | 53.24683911671949 | 55.4654574132491 | 57.6840757097793 | 59.90269400630913 | 62.12131230283904 | 64.33993059936893 | 66.55854889589872 | 68.77716719242937 | 70.99578548895937
DEC 01' |  | COB | NP | SP | PV | GAS | Gas 4 | Gas 4.2 | Gas 4.4 | Gas 4.6 | Gas 4.8 | Gas 5 | Gas 5.2 | Gas 5.4 | Gas 5.6 | Gas 5.8 | Gas 6 | Gas 6.2 | Gas 6.4
 | PRICES | 49.5 | 51 | 41 | 42.65 | CAPS (act) | 45.81170731707301 | 48.10229268292711 | 50.3928780487805 | 52.6834634146339 | 54.97404878048804 | 57.26463414634146 | 59.55521951219517 | 61.84580487804875 | 64.13639024390244 | 66.4269756097559 | 68.71756097560946 | 71.00814634146373 | 73.2987317073175