Spreadsheet: john_lavorato__16452__CapsBeld
Sheet: Belden(ON)

CAPS vs POWER ------ ON 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 | 84 | 77 | 69.5 | 68.5 | CAPS (act) | 60.00699999999997 | 63.00735000000007 | 66.00769999999987 | 69.00804999999995 | 72.00840000000004 | 75.00875000000009 | 78.00909999999993 | 81.00945 | 84.00980000000007 | 87.01014999999988 | 90.01049999999998 | 93.01085000000006 | 96.01119999999996
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 | 85 | 74 | 68.5 | 68.5 | CAPS (act) | 61.17692307692305 | 64.23576923076928 | 67.2946153846153 | 70.3534615384615 | 73.41230769230772 | 76.47115384615391 | 79.53 | 82.5888461538462 | 85.64769230769235 | 88.70653846153839 | 91.76538461538463 | 94.82423076923081 | 97.88307692307694
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 | 80 | 75.5 | 62.25 | 63.25 | CAPS (act) | 59.20996245306631 | 62.17046057571968 | 65.13095869837292 | 68.09145682102621 | 71.05195494367956 | 74.012453066333 | 76.97295118898617 | 79.93344931163965 | 82.89394743429294 | 85.85444555694606 | 88.81494367959957 | 91.77544180225284 | 94.73593992490618
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 | 74 | 64 | 55.5 | 54 | CAPS (act) | 59.195 | 62.15475000000001 | 65.11449999999999 | 68.07424999999995 | 71.03399999999993 | 73.99375000000009 | 76.95349999999993 | 79.91325000000013 | 82.87300000000006 | 85.83274999999989 | 88.79250000000012 | 91.75225000000003 | 94.71200000000006
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 | 65.5 | 62 | 54.75 | 52.75 | CAPS (act) | 59.04189814814812 | 61.99399305555553 | 64.94608796296296 | 67.89818287037032 | 70.85027777777769 | 73.80237268518528 | 76.75446759259252 | 79.70656250000012 | 82.65865740740747 | 85.61075231481472 | 88.56284722222229 | 91.51494212962963 | 94.46703703703713
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 | 59 | 54.5 | 51.75 | 55 | CAPS (act) | 58.98107843137252 | 61.93013235294116 | 64.87918627450983 | 67.82824019607837 | 70.77729411764695 | 73.7263480392158 | 76.67540196078424 | 79.6244558823531 | 82.57350980392165 | 85.52256372549009 | 88.4716176470589 | 91.42067156862748 | 94.3697254901961
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 | 61 | 56.5 | 51.75 | 56.5 | CAPS (act) | 61.78164417177911 | 64.87072638036811 | 67.95980858895703 | 71.04889079754597 | 74.13797300613496 | 77.22705521472399 | 80.31613742331285 | 83.4052196319019 | 86.49430184049083 | 89.58338404907968 | 92.67246625766876 | 95.76154846625768 | 98.85063067484666
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 | 65.5 | 64.5 | 78 | 83.5 | CAPS (act) | 79.14589651022865 | 83.10319133574012 | 87.06048616125148 | 91.01778098676296 | 94.97507581227443 | 98.93237063778578 | 102.8896654632972 | 106.8469602888086 | 110.8042551143201 | 114.7615499398316 | 118.718844765343 | 122.6761395908545 | 126.6334344163657
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 | 129 | 101 | 105 | 127.5 | CAPS (act) | 82.6313235294118 | 86.7628897058824 | 90.89445588235293 | 95.02602205882354 | 99.15758823529414 | 103.2891544117646 | 107.4207205882354 | 111.5522867647058 | 115.6838529411765 | 119.8154191176471 | 123.9469852941178 | 128.0785514705884 | 132.2101176470586
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 | 142 | 110 | 112 | 142.5 | CAPS (act) | 90.39471074380151 | 94.91444628099165 | 99.4341818181818 | 103.953917355372 | 108.4736528925621 | 112.9933884297521 | 117.5131239669421 | 122.032859504132 | 126.5525950413222 | 131.0723305785125 | 135.5920661157024 | 140.1118016528926 | 144.6315371900825
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 | 120 | 101 | 97.25 | 121.5 | CAPS (act) | 76.13755 | 79.94442749999996 | 83.75130500000003 | 87.5581825 | 91.36505999999994 | 95.17193749999998 | 98.97881500000001 | 102.7856925000001 | 106.59257 | 110.3994475 | 114.206325 | 118.0132025 | 121.82008
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 | 76 | 68 | 70 | 71 | CAPS (act) | 65.4636339869281 | 68.73681568627448 | 72.00999738562092 | 75.2831790849673 | 78.5563607843137 | 81.82954248366015 | 85.10272418300652 | 88.37590588235298 | 91.64908758169936 | 94.92226928104573 | 98.19545098039217 | 101.4686326797385 | 104.741814379085
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 | 74 | 61 | 50 | 50 | CAPS (act) | 60.00699999999997 | 63.00735000000007 | 66.00769999999987 | 69.00804999999995 | 72.00840000000004 | 75.00875000000009 | 78.00909999999993 | 81.00945 | 84.00980000000007 | 87.01014999999988 | 90.01049999999998 | 93.01085000000006 | 96.01119999999996
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 | 74 | 62 | 47 | 48 | CAPS (act) | 61.17692307692305 | 64.23576923076928 | 67.2946153846153 | 70.3534615384615 | 73.41230769230772 | 76.47115384615391 | 79.53 | 82.5888461538462 | 85.64769230769235 | 88.70653846153839 | 91.76538461538463 | 94.82423076923081 | 97.88307692307694