FYI- Study by Paul Joskow and Alfred Kahn that concludes, among other things, 
that market fundamentals in California do not fully account for price levels 
in Californis this past summer.
---------------------- Forwarded by Richard Shapiro/NA/Enron on 11/28/2000 
11:39 AM ---------------------------


Aleck Dadson@ECT
11/27/2000 12:27 PM
To: Richard Shapiro/NA/Enron@enron, James D Steffes/NA/Enron@Enron
cc:  

Subject: Power Prices in California

FYI

__________________

FYI
----- Forwarded by Aleck Dadson/TOR/ECT on 11/27/2000 01:23 PM -----

	"Colin Schuch" <SchuchCo@oeb.gov.on.ca>
	11/24/2000 03:43 PM
		 
		 To: <Adadson@ect.enron.com>, <conway@enerconnect.com>
		 cc: 
		 Subject: Power Prices in California



Guys:

I thought you might be interested in this paper by Joskow on the
California crisis.

Regards . . . Colin

 - CalifWithholdJoskow-Khan.pdf