"Kirkpatrick, Joe" <joe.kirkpatrick@nrgenergy.com> writes to the NYISO_TECH_EXCHANGE Discussion List:

This is great stuff..

Since Strategic sees the value in having this 'valuable' call option. I
would suggest that they value the put option on the load contracts being
served and rebate their customers accordingly.
Include the obvious DAM to R/T arbitrage as optionality also, the
options thay hold are hourly and therefore are much more valuable.

I look forward to the rebates being sent to their customers.

If a GT so valuable go buy one or build one.


Joe
-----Original Message-----
From: Robb, Kathy [mailto:KRobb@hunton.com]
Sent: Thursday, October 04, 2001 3:56 PM
To: 'nyiso_tech_exchange@global2000.net'
Subject: FW: ICAP WP post



"Robb, Kathy" <KRobb@hunton.com> writes to the NYISO_TECH_EXCHANGE
Discussion List:

-----Original Message-----
From: Swider, Michael <mswider@sel.com>
To: 'krobb@hunton.com' <KRobb@hunton.com>
Sent: Thu Oct 04 16:40:49 2001
Subject: ICAP WP post

Kathy,

I know its a little late, but can you please distribute this to the
NYISO
ICAP WG for tomorrow's meeting.

Mike
 <<ICAPWG Answers - Strategic Energy.doc>>

*********************************************************************
Michael Swider
Market Strategist
Strategic Energy
617-542-0928 office
617-548-6217 mobile
www.sel.com