it's the one thing that could really hit the market.  There are a lot of gas hedges on against those trades.  If they are torn up, a lot of gas in the back gets sold off hard.  Plus, The dynegys of the world lose $1 on their hedges.  

-----Original Message-----
From: Zivic, Robyn 
Sent: Wednesday, October 17, 2001 6:42 AM
To: Arnold, John
Subject: RE: Pira


beliefs

-----Original Message-----
From: Arnold, John 
Sent: Thursday, October 11, 2001 7:44 PM
To: Zivic, Robyn
Subject: RE: Pira


any substance to their argument or just their beliefs.

-----Original Message-----
From: Zivic, Robyn 
Sent: Thursday, October 11, 2001 10:27 AM
To: Arnold, John
Subject: Pira


Thinks pwr suppliers in Calif shud be worried abt getting paid the long term contracts rates
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