---------------------- Forwarded by Donna Johnson/PDX/ECT on 04/25/2001 04:11 PM ---------------------------


"Almeida, Keoni" <KAlmeida@caiso.com> on 04/25/2001 03:24:25 PM
To:	"Johnson, Donna" <Donna.Johnson@enron.com>
cc:	 

Subject:	FW: CAISO NOTIFICATION:  Amendment 33 & A/S Manual Adjustments


Let me know if you need anything else.

Keoni Almeida
California Independent System Operator
phone: 916/608-7053
pager:  916/814-7352
alpha page:  9169812000.1151268@pagenet.net
e-mail:  <mailto:kalmeida@caiso.com>



> -----Original Message-----
> From:	CRCommunications
> Sent:	Thursday, March 01, 2001 8:54 AM
> To:	SC Settlements Contacts
> Subject:	CAISO NOTIFICATION:  Amendment 33 & A/S Manual Adjustments
>
> SC SETTLEMENT CONTACTS:
>
> PLEASE NOTE:  2 manual workarounds became effective on trade date 1/1/01:
>
> 1. A/S Soft Caps
>
> A delta payment will be entered against the applicable A/S charge type for
> capacity bids accepted above the soft cap --- CT 1, 2, 4, 5, 6, 51, 52,
> 54, 55 and 56.  The calculation for the delta payment is as follows:
> 	Billable quantity (the automated billable quantity which was paid at
> the MCP price) x the delta price (bid price - MCP).
>
> The A/S soft cap charge will be allocated to participants who had A/S
> obligation using the applicable A/S offset --- CT 111,112,114,115,116.
> The calculation for the A/S soft cap charge is as follows:
> 	Billable quantity (the net obligation) x price (total delta payments
> / total net obligation).
>
> Comment detail will include the accepted bid price & total dollars
> allocated.
>
> 2. Replacement Reserve Capacity or Energy:
>
> An SC will be paid for either Replacement Reserve capacity or Replacement
> Reserve imbalance energy, but not both. The capacity payment will be
> rescinded under CT 4 & 54 and credited back to the market under CT 114
> based on net obligation.   The calculation for the payment recission is as
> follows:
> 	Billable quantity for payment rescission (minimum of hourly ERR
> Prime or CT4 billable quantity + CT54 billable quantity ) x price (if an
> SC was paid for DA capacity & HA capacity, then price = CT4 Settlment
> Amount + CT54 Settlement Amount / [CT4 billable quantity + CT54 billable
> quantity] {this is a weighted average price}; otherwise, price = MCP.
>
> Comment detail will include total dollars allocated.
>
> CRCommunications
> Client Relations Communications
>