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Gold/Mining/Energy : CPN: Calpine Corporation
FRO 23.64-0.4%9:37 AM EST

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To: RCMac who wrote (402)5/31/2002 1:08:33 AM
From: Raymond Duray  Read Replies (1) of 555
 
RCMac,

That was the best response to a mere throw-away line I've received in ages. Thank you. :)

Just one question, you say: CPN got (1) a little more money earlier in the shorter contract periods

By my reading, rates were reduced on Contract 1 from $61.00 ot $59.60. A trivial reduction, but I don't see how you claim that CPN is getting more money. Are you basing your statement on an assumption that gas price indexing will benefit CPN? Or are you privy to non-disclosed information? TIA for any reply.

-Ray
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