-----Original Message-----
From: 	Zufferli, John  
Sent:	Tuesday, July 03, 2001 11:23 AM
To:	Hillis, Kimberly; Lavorato, John
Subject:	Hedge Summary July 3,01

Here is the hedge summary for July 3/01.

Two things to note are: 	1) I bought 125 MW of Cal 02 flat from Mirant for a 10 GJ/MWh heat rate
			2) There is now a 20 year AECO basis curve, so the fixed price AECO gas from cal 15 on is generated off this curve.  Before the AECO basis
				curve stopped at Cal 14