
Date: Fri, 11 May 2001 02:57:00 -0700 (PDT)
From: michael.tribolet@enron.com
To: jeffrey.soo@enron.com, james.steffes@enron.com, jeff.dasovich@enron.com
Subject: RE: Concept for core/noncore Analysis for California
Cc: robert.neustaedter@enron.com, kortney.brown@enron.com, don.black@enron.com,
james.lewis@enron.com, richard.shapiro@enron.com
Bcc: robert.neustaedter@enron.com, kortney.brown@enron.com, don.black@enron.com,
james.lewis@enron.com, richard.shapiro@enron.com

One comments, as the DWR projections indicate, their price projection of spot
(non-contracted) is not where the enter into their contracted amounts (notice
non-contracted stays above contracted).     Thus you do not see an MTM
reduction over time.

