Jeanne,
The on and off peak prices are in the ISO document I attached earlier.

Go to page 3 and column 5 "Effective Real-time Average Price"
There is an on-peak and off-peak price there.  That should make the case that 
the off-peak price is also high.

/TJ
---------------------- Forwarded by Tamara Johnson/HOU/EES on 04/17/2001 
09:58 AM ---------------------------


Tamara Johnson
04/17/2001 09:38 AM
To: Harry Kingerski/NA/Enron@Enron, JMB <JBennett@GMSSR.com> @ ENRON
cc: Jeff Dasovich/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron, Robert 
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott Stoness/HOU/EES@EES 
Subject: MORE backup for the $290/MWh

Harry,
The future prices used below are from NYMEX - quoted for California Oregon 
Border (COB)
I am attaching the web pages that are relevant


We obtained the NP15 numbers from a daily compilation of Dow Jones NP15 
quotes.  Since we don't have that on a recognizable piece of paper, I am 
attaching the most recent ISO Market Activity Report for February.  That 
contains a February price of $341/MWh (see page 3).


To get from $290 to (about) $300/MWh add the following
1) Ancillary services -- use about 4-5% of energy costs (see page 5 of ISO 
report)
2) Losses to get from Supplier to Customer -- even 5% losses (which is 
conservative) adds another $10/MWh

/TJ

---------------------- Forwarded by Tamara Johnson/HOU/EES on 04/17/2001 
09:29 AM ---------------------------


Tamara Johnson
04/13/2001 05:22 PM
To: Scott Stoness/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron
cc:  
Subject: backup for the $290/MWh



NP15:  Recorded hourly Dow Jones numbers averaged using the same time periods 
as NYMEX.
MW:  Reported as of April 12 NYMEX.

Peak Periods = (365 days less 10 holidays) x 6/7 weekdays x 16 hours => 56% 
On-peak


The current rates for PG&E and SCE are as per the Mar 27 CPUC decision.  The 
GWh are from the utilities 2001 (12mos) rate design templates.