Here is the bid offers for the product you are looking at.

John

 -----Original Message-----
From: 	Belden, Tim  
Sent:	Tuesday, September 25, 2001 4:07 PM
To:	Lavorato, John; Richter, Jeff
Subject:	Energy and Ancillary Service Pricing

Below are our bid/offers for the product described in the confirmation drafted by Steve Hall.  A different confirm could change these prices.  It is my understanding that the deal team has not yet agreed to the Steve Hall version of the confirm.  

Please note that these prices are for a stipulated hourly shape and include CAISO energy and associated ancillary services including regulation up, regulation down, spin, non-spin, and replacement reserves.  This pricing also assumes a good credit, wholesale counterparty with no regulatory contingencies or recission rights.  It also assumes that liquidated damages/early termination payments are cleaner than those associated with retail load contracts as all of these products exist in the wholesale market independent of whether direct access exists or not. 

Here they are:

Term			10/1/2001 to 12/31/2004
Region			Mixed SP15
PVMWh		608,607
Bid			$37.25
Offer			$40.85

Term			10/1/2001 to 9/30/2004
Region			NP15
PVMWh		148,236
Bid			$37.50
Offer			$41.75

Term			10/1/2001 to 9/30/2004
Region			SP15-SCE
PVMWh		182,106
Bid			$37.45
Offer			$40.85

Term			10/1/2001 to 9/30/2004
Region			SP15-SDG&E
PVMWh		75,206
Bid			$37.50
Offer			$40.75