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Gold/Mining/Energy : CPN: Calpine Corporation
FRO 23.33+0.2%3:59 PM EST

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To: Daniel G. DeBusschere who wrote (260)2/1/2002 1:17:40 AM
From: Raymond Duray  Read Replies (2) of 555
 
Daniel,

Do you have any numbers to share on this:

If their California contracts are renegotiated, it will be to CPN's advantage.

I find this incomprehensible. The only re-negotiation that is on tap is to lower the cost to DWR. This cannot be to CPN's advantage. That is too Alice-In-Wonderland a world that you are describing unless you can supply actual numbers on how this might work.

-Ray
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