Our settlement people have begun making arrangments to pay the PX back the 
mistaken amount.  Procedures are under way. Should be done soon. ----cgy


From: Richard B Sanders on 11/26/2000 12:23 PM CST
To: Christian Yoder/HOU/ECT@ECT
cc:  
Subject: ISO

Can you confirm that we corrected this?
----- Forwarded by Richard B Sanders/HOU/ECT on 11/26/2000 12:22 PM -----

	Richard B Sanders
	10/24/2000 08:00 AM
		 
		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc: gfergus@brobeck.com
		 Subject: ISO


----- Forwarded by Richard B Sanders/HOU/ECT on 10/24/2000 08:00 AM -----

	Christian Yoder
	10/20/2000 04:28 PM
		 
		 To: Elizabeth Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT
		 cc: 
		 Subject: ISO

CONFIDENTIAL
ATTORNEY CLIENT PRIVILEGE


Richard and Elizabeth:  
While I was away on vacation, Steve Hall included this statement in a status 
report to me;  

" >While you were gone I learned a new one from Smith Day, which involves 
submitting bids for less than one MW, i.e., .0005 MW.  Because of a glitch in 
the ISO's rounding system, the MW get rounded down, but the payment gets 
rounded up.  Playing this game is worth about $9000/day. "

9,000 X 365 = 3,250,000.

Let's discuss.  ----cgy