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Archive · Mar 15, 2001, 2:23 PM

Behind the Stage Two

FromPhillip K Allen
ToJeff Richter <jeff.richter@enron.com>
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/15/2001

02:22 PM ---------------------------

"Arthur O'Donnell" <aod@newsdata.com> on 03/15/2001 11:35:55 AM

Please respond to aod@newsdata.com

To: Western.Price.Survey.contacts@ren-10.cais.net

cc: Fellow.power.reporters@ren-10.cais.net

Subject: Behind the Stage Two

FYI Western Price Survey Contacts

Cal-ISO's declaration of Stage Two alert this morning was triggered

in part by decision of Bonneville Power Administration to cease

hour-to-hour sales into California of between 600 MW and 1,000

MW that it had been making for the past week. According to BPA,

it had excess energy to sell as a result of running water to meet

biological opinion flow standards, but it has stopped doing so in

order to allow reservoirs to fill from runoff. The agency said it had

been telling California's Department of Water Resources that the

sales could cease at any time, and this morning they ended.

Cal-ISO reported about 1,600 MW less imports today than

yesterday, so it appears other sellers have also cut back.

Yesterday, PowerEx said it was not selling into California because

of concerns about its water reserves. BPA said it is still sending

exchange energy into California, however.

More details, if available, will be included in the Friday edition of the

Western Price Survey and in California Energy Markets newsletter.