Message-ID: <21106597.1075844073759.JavaMail.evans@thyme>
Date: Fri, 29 Sep 2000 09:49:00 -0700 (PDT)
From: lorna.brennan@enron.com
To: steven.harris@enron.com, jeffery.fawcett@enron.com, 
	lorraine.lindberg@enron.com, kevin.hyatt@enron.com, 
	christine.stokes@enron.com, tk.lohman@enron.com, 
	michelle.lokay@enron.com, lindy.donoho@enron.com
Subject: Winter 2001: A Higher Plane - CERA Alert
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---------------------- Forwarded by Lorna Brennan/ET&S/Enron on 09/29/2000=
=20
04:47 PM ---------------------------


webmaster@cera.com on 09/29/2000 04:42:45 PM
To: Lorna.Brennan@enron.com
cc: =20

Subject: Winter 2001: A Higher Plane - CERA Alert




**********************************************************************
CERA Alert: Sent Fri, September 29, 2000
**********************************************************************

Title: Winter 2001: A Higher Plane
Author: Moritzburke, Snyder, Zenker
E-Mail Category: Alert
Product Line: Western Energy ,
URL: http://www.cera.com/cfm/track/eprofile.cfm?u=3D5526&m=3D1378 ,

Alternative URL:=20
http://www.cera.com/client/ce/alt/092800_16/ce_alt_092800_16_ab.html
*********************************************************Cooler temperature=
s=20
and lower energy demand in the West have driven daily power prices below $1=
00=20
per megawatt hour (MWh). The summer brought the region's strongest sustaine=
d=20
power and gas markets in recent history. For fall and winter, CERA expects=
=20
western spot power and gas prices to be higher and more volatile than in pa=
st=20
years, with October on-peak power prices at $114=01)$143 per MWh and winter=
=20
prices around $74=01)$92 per MWh, depending on location. August's El Paso=
=20
pipeline explosion intensified the summer's supply bottlenecks. Although=20
service on the Southern system was quickly restored, the supply disruption=
=20
affected storage inventories, with a heavy summer draw in California=20
weakening already dwindling inventories. For two weeks, pipeline capacity=
=20
limits on El Paso's pipe into California pushed Topock differentials to=20
nearly $2.00 per MMBtu, and the access constraint intensified downward=20
pressure on Rocky Mountain!
 and San Juan prices. The Topock differential fell back last week after=20
averaging over $1.00 per MMBtu for most of September. The rush to inject=20
storage inventories ahead of heating season should limit further declines i=
n=20
that differential.

**end**

Follow URL for complete report



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 =20
