TEP - conversation 1/24/00

1)  wants to take a Q2 position at Cob,
2)  Gas
3)  Bail me out of CSU
4)  Real-time services
5)  SC Services'
      They are going to the PX settlements training on Fev 14-15.
      Can bid in at Moenkopi
      ancillary
      Their incredmental costs to bid into PX are not much

Springerville out last week of March through first week in May.  Replacing condenser

April - lookin gfor flat or on-peak power, preferably at WW, FC or SJ.  (Kevin's bid of April West Wing is $27.50)

Dave said to talk to Aepco about bidding into the PX.  They are using APS. 

MAY 1, 2000
- left message with Dave Hutchins.  They are trying to stay ahead of the game by not having to buy $750 power.  San Juan 2 tripped over the weekend leaving them 160 shorter than they wanted to be.  We will talk tomarrow about all of our deals

May 2, 2000

-  Call Tim Summers at Phelps - he is getting online
-  Follow up on ISDA with Tracy Ngo
-  Can't sell indexed power
-  CSU was calling them for energy in the dailies today.
-  ISO 10 minute settlements will relieve zero priced energy by creating two curves, a incremental and a decremental.  Gets rid of gaming the target price.

May 8, 1999

- Phelps Dodge - EOL - Phelps has credit & Morenci doesn't. Can only do power deals with Morenci
- TNP - EOL
- ISDA sent to them - have Dave check
- L-T power sale to TEP?
- where do they have excess
- Costless Collar
- Green