---------------------- Forwarded by Donna Johnson/PDX/ECT on 05/25/2001 10:04 AM ---------------------------


Jennifer Johnson@EES
03/26/2001 01:36 PM
To:	Donna Johnson/PDX/ECT@ECT
cc:	Chris Stokley/HOU/ECT@ECT, Caroline Emmert/HOU/ECT@ECT, Angela Smith/HOU/EES@EES 

Subject:	Re: CAISO Notice - Disbursement of Funds for December Invoice   

Donna, 

Can you give me the a  percentage that is related to EES?  The traders at EES is concerned how much cash we are actually receiving from the ISO related to ancillary sales EPMI has made on EES behalf?

Thanks,

Jennifer




 	Donna Johnson @ ECT 03/26/2001 03:43 PM 	

To:	Jennifer Johnson/HOU/EES@EES
cc:	Chris Stokley/HOU/ECT@ECT, Caroline Emmert/HOU/ECT 
Subject:	CAISO Notice - Disbursement of Funds for December Invoice

Jennifer, we received full payment for September and October; however, for November and December 2000, the ISO charged one hundred cents on the dollar and paid partial cents on the dollar.  Please see the emails below for details on those distributions.

Hopefully this helps, if you need anything else, please call me.

Donna
To:	ISO Market Participants <IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTICIPANTS@caiso.com>
cc:	"Leiber, Phil" <PLeiber@caiso.com>, "Grant, Colleen"	 <CGrant@caiso.com> 

Subject:	CAISO Market Notice:  November Final Invoice Status

> ISO Market Participants:
>
> On Thursday, February 22, 2001, the ISO was scheduled to settle the
> November 2000 final (true-up) invoices.
>
> Payments due and received are summarized below:
>
> 	Market Obligations
> 	   Invoiced 2/14/01:		 $3,153,175.74
> 	   Paid on 2/22/01:		 $62,787.25
>
> 	  ISO Accounts Payable 2/22/01	$17,546,615.96 *
> 	  Available for Distribution	$62,787.25
> 	  Amount Distributed 2/26/2001	$62,787.25
>
> 	Note:
> 	* Without consideration of previous defaults, the  ISO was scheduled
> to distribute $17,546,615.96.  The difference between this amount and the
> $3,153,175.74 which should have been received is a timing difference which
> would have been funded from an over-collection from the November
> preliminary invoice (absent the market defaults related to the preliminary
> statement.)
>
> The ISO issued instructions to its bank to distribute $62,787.25 today.
> The amount available for distribution was distributed equitably, taking
> into consideration total November charges (including preliminary and final
> invoiced amounts), and amounts previously distributed.  The ISO is
> currently preparing for distribution to ISO creditors a current
> certification of amounts owed after all distributions to date.
>
>
> Phil Leiber	Don Fuller
> Treasurer	Director, Client Relations



---------------------- Forwarded by Donna Johnson/PDX/ECT on 03/26/2001 12:40 PM ---------------------------


"Woertz, Byron" <BWoertz@caiso.com> on 03/07/2001 10:50:06 AM
To:	SC Settlements Contacts <IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=SCSETTLECONTACTS@caiso.com>
cc:	 

Subject:	CAISO Notice - Disbursement of Funds for December Invoice


		SC Settlements Contacts:
		Cash clearing for preliminary invoices for December 2001 was
to take place on March 5, 2001.  The ISO received market related funds
totaling $46,369,847.29 from total market receivables of $1,503,186,210.21.
The ISO intends to distribute these funds on March 7, 2001.  The ISO delayed
this distribution to allow us to complete the complex calculations necessary
to ensure that all funds are distributed equitably and in accordance with
the ISO Tariff.
		In addition, PG&E transferred $177,000,000 ($171,116,114.43
net of GMC obligation) to the ISO on March 2, 2001.  Such funds were
intended by PG&E to satisfy PG&E obligations to the ISO through the
California Power Exchange.   The California Power Exchange is the subject of
a preliminary injunction (Case No. 01-00901CM of the US District Court,
Central District of California,  "Enron Power Marketing and Enron Corp. vs.
California Power Exchange") which provides that "CalPX shall not be required
to make payments to creditors of CalPX resulting from its clearinghouse
function."    The ISO is discussing with its counsel the appropriate course
of action to take in light of this injunction, and has placed such funds in
a segregated interest bearing account until such a determination has been
made.
		Phil Leiber
		Dir. Financial Planning & Treasurer
		California ISO
		916 351-2168
		916-351-2259 (fax)
 







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