Group,
Please note, the congestion management market is still $0-$250.  
Please take into account RT price volatility when placing congestion bids, 
see me with any questions regarding congestion management.

Bill

---------------------- Forwarded by Bill Williams III/PDX/ECT on 01/02/2001 
09:50 AM ---------------------------


CRCommunications <CRCommunications@caiso.com> on 12/29/2000 01:14:53 PM
To: ISO Market Participants 
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTI
CIPANTS@caiso.com>
cc:  

Subject: Price Caps


Notice To Market Participants

For trade date Monday, January 1, 2001 (DA market that runs on December 31,
2000) the following price cap validation changes will be implemented:

* Supplemental and A/S Energy: Soft price cap with a breakpoint at
$150. Bids above $150 will be accepted but will not be allowed to set the
clearing price.

* A/S Capacity:  Soft price cap with a breakpoint at $150.  Bids above
$150 will be accepted but will not be allowed to set the clearing price.

* Congestion Management Adjustment Bids:   Status quo will be
maintained with respect to congestion management adjustment bids.  The
adjustment bid range will be from $0 to $250.

Mark Rothleder
Manager of Market Applications