This thread is a little confusing but the upshot is that NP15-NW1 was undersubscribed (only 50 MW out of 165 MW bid upon) but the winning prices was very high: $10,000/MW-yr.

GAC
-----Original Message-----
From: McClain, Jim [mailto:JMcClain@caiso.com]
Sent: Thursday, January 31, 2002 10:08 AM
To: Comnes, Alan
Subject: RE: Question about the Auction results


Hi Alan,
Sorry about that.  I didn't walk all the way through the numbers.  We had an
initial offer of 165MW but only 51MW were bid on so the remaining 104MW go
back to the TOs.  So 51MW times the clearing price of $10,002 gives you the
$510,102.  If you have any questions on this please let me know.

Thanks,

Jim McClain
Account Manager - Client Relations
Phone  916-608-7072
Pager   916-814-2408  
jmcclain@caiso.com


-----Original Message-----
From: Comnes, Alan [mailto:Alan.Comnes@ENRON.com]
Sent: Thursday, January 31, 2002 9:46 AM
To: McClain, Jim
Subject: RE: Question about the Auction results


Jim,

Thanks for the reply.  If I take the total revenues for that branch group
($510k) and divide by the MW sold (165 MW) I get the $3k/MW/yr number not
the $10k number.

Alan

-----Original Message-----
From: McClain, Jim [mailto:JMcClain@caiso.com]
Sent: Thursday, January 24, 2002 4:22 PM
To: Comnes, Alan
Subject: RE: Question about the Auction results


Hi Alan,
The closing price for COI NP15-NW1 was $10,002.  It closed in the first
round, thus was the seed price as posted on the web-site.  Where did you get
the $3092 number from?  Give me a call if something doesn't look right.

Thanks,

Jim McClain
Account Manager - Client Relations
Phone  916-608-7072
Pager   916-814-2408  
jmcclain@caiso.com


-----Original Message-----
From: Comnes, Alan [mailto:Alan.Comnes@ENRON.com]
Sent: Thursday, January 24, 2002 3:59 PM
To: jmcclain@caiso.com
Subject: Question about the Auction results


Jim,

I can't make sense of the $/MW number for COI_BG in the "by branch group"
report.  Shouldn't it be $3092 instead of $10000+?

Alan Comnes
Enron Corp


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