Thanks Vince... We'll be auctioning off transmission rights in these
corridors in September (assuming FERC approves our filing), which confronts
traders with a complex array of valuation problems (the long-term value of
the right to ship energy along these DC pathways and to collect ancillary
services in each of the markets). It's a conceptually difficult challenge
for most companies but I'm sure Enron is all over it. We'll be interested in
whether or not Enron's traders participate in this auction.

We are also pre-selling some of the capacity in negotiations over the
summer, in the expectation of FERC approval of that concept (kind of an
anchor tenant concept).

As you will recall, we did approach Enron early on in the project (a fellow
in Calgary whose name I cannot remember) and he indicated no interest. I'll
keep you in the loop because I suspect you'll find the intellectual
challenge intriguing -- what is access to DC capacity worth? --- as I do.

Hope things are going well in all of your markets!

Ed



-----Original Message-----
From: Kaminski, Vince J [mailto:Vince.J.Kaminski@ENRON.com]
Sent: Monday, June 04, 2001 12:31 PM
To: ekrapels@esaibos.com
Subject: RE: Neptune -- merchant transmission


Hello Ed,

It sounds very interesting. I forwarded your messages
to two members of my group who work on the problems related
to transmission (a key to the power markets successful
growth).

I shall share with you their  reaction.

I hope everything is going well.

Vince


>  -----Original Message-----
> From: 	"Edward Krapels" <ekrapels@esaibos.com>@ENRON
> [mailto:IMCEANOTES-+22Edward+20Krapels+22+20+3Cekrapels+40esaibos+2Eco
> m+3E+40ENRON@ENRON.com]
> Sent:	Friday, June 01, 2001 5:12 AM
> To:	Vincent Kaminski \(E-mail\)
> Subject:	Neptune -- merchant transmission
>
> Dear Vince,
>
> Greetings from Boston... In the last year, I've been associated with
> the
> Neptune merchant transmission project... check it out at
> www.NeptuneRTS.com.
> We filed with FERC last week and I'm sending you the Wall Street
> Journal and
> Megawatt Daily articles on it.
>
> Have you seen any good analytical work on merchant transmission? I'm
> in a
> dialogue with Paul Joskow and others on this issue but as always would
> appreciate your thoughts.
>
> All the best,
>
> Ed
>
>
>
> Edward N. Krapels, PhD
> Director
> ESAI Power and Gas Services
> tel 781 245 2036
> cell 617 899 4948
> ekrapels@esaibos.com
> www.esai.com
>
>
>  - winmail.dat << File: winmail.dat >>

 - winmail.dat