Gil,

Note that our forward curves for Transco Zone 5 (summer only) show a basis of 
$.42.  Assuming a $5.00 gas price, the commodity and fuel is $.2437 making 
Piedmont's capacity worth $.1763.  So Keith's current bid of $.19 is in the 
ballpark.  I'm still waiting to hear back from LG&E.   Southern Co. plans on 
getting back with me on this early next week as is Tenaska/PECO as you know.


---------------------- Forwarded by Phil DeMoes/Corp/Enron on 02/01/2001 
07:04 AM ---------------------------
   
	
	
	From:  Sandy Olitsky @ ECT                           01/31/2001 10:20 AM
	

To: Phil DeMoes/Corp/Enron@ENRON
cc:  

Subject: Re: Transco Z4/Z5 curves for Piedmont  

Phil: 
You were so right.  Sorry about that.  Attached is the corrected version.
Thanks.
Sandy