Richard, you may already have this or know about it, but there is a report 
done
by Cornerstone Research entitled "Pricing in the California Power Exchage
Electricity Market" located online at www.cornerstone.com/pdfs/blueribbon.pdf.
Do you have Mark Touhy's e-mail address?

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Eric Dobberteen                    Eric_Dobberteen@aporter.com
Arnold & Porter                    Telephone:  (213) 243-4000
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