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badeer-r/_sent_mail/23. | subject: computers
content: Tim,
My computer numbers are:
ECTPDX-990602
ECTPDX-996829 | robert.badeer@enron.com | tim.heizenrader@enron.com |
badeer-r/_sent_mail/24. | subject: eol
content: Frank,
Please extend my capability to view markets on the EOL website to the
maximum limit allowed. I put out and manage long dated products through the
stack manager and need to be able to view these products on the website.
Thank you.
Bob Badeer | robert.badeer@enron.com | frank.davis@enron.com |
badeer-r/_sent_mail/25. | subject: Steve Peace
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 07/17/2000 12:17
PM ---------------------------
Enron Capital & Trade Resources Corp.
From: Lewis Nash <Lewis.Nash@msdw.com> 07/17/2000
11:10 AM
Please respond to Lewis.Nash@msdw.com
To: robert.badeer@enron.com
cc:
Subject: Steve Peace
Bob:
I cannot make this stuff up. Steve Peace, the Senator famous for his
fight to protect the California Rate Payers, came to fame as the writer
of the Critically aclaimed film, Attack of the Killer Tomatoes. I
didn't believe it either until someone sent me this web page, with his
link attached to it.
http://www.lexingtonnet.com/tomatoes/creators/index.htm
title.gif (1905 bytes)
This page is dedicated to the three demented geniuses who brought us the
Killer Tomatoes films!
?
John DeBello - Director/Writer
John DeBello was the director of all four Killer Tomatoes films. He also
played small roles in each film, even playing himself in a few! He still runs
many parts of Four Square Productions, I'm told.
?
Steve Peace - Writer/Actor
Steve Peace is probably best known in the KT films as Wilbur, the dim-witted,
parachute-wearing leader of the Killer Tomatoes Task force. He also wrote
parts of the films as well. Now, he's a state Senator, and even has his own
page at http://www.stevepeace.net
?
Costa Dillon - Writer
Last, but definitley not least is Costa Dillon. He's responsible for the
entire concept of Killer Tomatoes! Like everyone else here, he played small
parts throughout the films. Probably his best known was the kid in the
library in the original film, who cleared out the room by merely saying
"Tomato!". This little part was later used as a major character in the
cartoon series. | robert.badeer@enron.com | paulp@calpine.com |
badeer-r/_sent_mail/26. | subject: killer tomatoes
content: www.lexingtonnet.com/tomatoes/creators/index.htm | robert.badeer@enron.com | tim.belden@enron.com |
badeer-r/_sent_mail/27. | subject: Steve Peace
content: Did you know that Steve Peace starred in and wrote Attack of the Killer
Tomatoes? Check it out at www.lexingtonnet.com/tomatoes/creators/index.htm
Bob | robert.badeer@enron.com | susan.mara@enron.com, david.parquet@enron.com |
badeer-r/_sent_mail/28. | subject: Re:
content: I would rather see the sox suffer for a few more months | robert.badeer@enron.com | kevin.mcgowan@enron.com |
badeer-r/_sent_mail/29. | subject: out of Office
content: I will be out of the office this Thursday and Friday (7-13/14) to attend a
congestion reform meeting at the Cal iso in Sacramento. I will be reachable
by cell phone if necessary.
Bob | robert.badeer@enron.com | tim.belden@enron.com, kathy.axford@enron.com, teri.whitcomb@enron.com |
badeer-r/_sent_mail/3. | subject: nox meeting in portland
content: Rob,
We have the meeting set up for 1:30 pm. See you then.
Bob | robert.badeer@enron.com | rob.bakondy@enron.com |
badeer-r/_sent_mail/30. | subject: Re: FW: Target Price conference call this morning
content: Thanks Keoni | robert.badeer@enron.com | kalmeida@caiso.com |
badeer-r/_sent_mail/31. | subject: Re: Deal #369009
content: Kim,
Have you seen the fax I sent to Amy regarding this deal? It has all the
terms and conditions in it. Let me know if you need me to send it to you
again. Thanks.
Bob Badeer | robert.badeer@enron.com | kimberly.hundl@enron.com |
badeer-r/_sent_mail/32. | subject: Press
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 07/10/2000 09:25
AM ---------------------------
Susan J Mara@EES
07/10/2000 08:57 AM
To: Mark Palmer/Corp/Enron@ENRON, Richard Shapiro/HOU/EES@EES, Dennis
Benevides/HOU/EES@EES, Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT,
Roger Yang/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES, Mona L
Petrochko/SFO/EES@EES, Jeff Dasovich/SFO/EES@EES, James D
Steffes/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Bruno Gaillard/SFO/EES@EES,
Elsa Piekielniak/Corp/Enron@Enron, Scott Vonderheide/Corp/Enron@ENRON, Mary
Hain/HOU/ECT@ECT
cc:
Subject: Press
Craig Rose's article includes the price we offered to SDG&E -- thanks to
Peace. He makes us look like the bad guys in some respects -- at least he's
saying let's try to make the market work first -- before asking the CPUC for
price caps.
---------------------- Forwarded by Susan J Mara/SFO/EES on 07/10/2000 10:51
AM ---------------------------
"Karen Edson" <kedson@ns.net> on 07/08/2000 03:06:40 PM
To: "Baker Carolyn (E-mail)" <cabaker@duke-energy.com>, "Bill Carlson
(E-mail)" <william_carlson@wastemanagement.com>, "Bill Woods (E-mail)"
<billw@calpine.com>, "Curt Hatton (E-mail)" <curt.hatton@gen.pge.com>,
"Curtis Kebler (E-mail)" <curtis_l_kebler@reliantenergy.com>, "David Keane
(E-mail)" <dnke@dynegy.com>, "David Parquet (E-mail)"
<dparque@ect.enron.com>, "Duane Nelsen (E-mail)" <duanenelsen@msn.com>, "Ed
Tomeo (E-mail)" <ed.tomeo@uaecorp.com>, "Edward Maddox (E-mail)"
<emaddox@seawestwindpower.com>, "Eileen Kock (E-mail)" <eileenk@calpine.com>,
"Ellery Bob (E-mail)" <bellery@spi-ind.com>, "Escalante Bob (E-mail)"
<riobravogm@aol.com>, "Frank DeRosa (E-mail)"
<fderosa@sanfrancisco.usgen.com>, "Greg Blue (E-mail)" <gtbl@dynegy.com>,
"Hap Boyd (E-mail)" <rboyd@enron.com>, "Jack Pigott (E-mail)"
<jackp@calpine.com>, "Jan Smunty-Jones (E-mail)" <smutny@iepa.com>, "Jim
Willey (E-mail)" <elliottsa@earthlink.net>, "Joe Greco (E-mail)"
<joe.greco@uaecorp.com>, "Joe Ronan (E-mail)" <joer@calpine.com>, "John Stout
(E-mail)" <john_h_stout@reliantenergy.com>, "Jonathan Weisgall (E-mail)"
<jweisgall@aol.com>, "Katie Kaplan (E-mail)" <kaplan@iepa.com>, "Ken Hoffman
(E-mail)" <ken_hoffman@fpl.com>, "Kent Fickett (E-mail)"
<kfickett@usgen.com>, "Lynn Lednicky (E-mail)" <lale@dynegy.com>, "Marty
McFadden (E-mail)" <marty_mcfadden@ogden-energy.com>, "Paula Soos (E-mail)"
<paula_soos@ogden-energy.com>, "Robert Lamkin (E-mail)"
<rllamkin@seiworldwide.com>, "Roger Pelote (E-mail)"
<rpelote@energy.twc.com>, "Steve Ponder (E-mail)" <steve_ponder@fpl.com>,
"Steven Kelly (E-mail)" <steven@iepa.com>, "Sue Mara (E-mail)"
<smara@enron.com>, "Tony Wetzel (E-mail)" <twetzel@thermoecotek.com>,
"William Hall (E-mail)" <wfhall2@duke-energy.com>
cc: "Julee Malinowski-Ball (E-mail)" <jmball@ns.net>, "Ray McNally (E-mail)"
<rmcnally@mcnallytemple.com>
Subject: Press
The first flavor of Peace response to Enron's offer to SDG&E is in the
attached SDG&E article. Brace yourself. Other articles are also of
interest.
Karen Edson
kedson@ns.net
916/552-7070
- A. Press S_D_ urged to make best of a bad electric deal.htm
- A. Press OC Register Heat leaves state feeling lack of energy.htm
- A. Press LA Times 7-6.htm | robert.badeer@enron.com | jeff.richter@enron.com |
badeer-r/_sent_mail/33. | subject: Re: ISO Presentation
content: sue,
can you give me the conf. call number and pass code? also, setting up a
system to send text messages, let me know your cell and pager numbers. thanks.
bob | robert.badeer@enron.com | susan.mara@enron.com |
badeer-r/_sent_mail/34. | subject: FW: notice to Scheduling Coordinators- Revised format
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 07/03/2000 03:00
PM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Grant, Colleen" <CGrant@caiso.com>
07/03/2000 12:59 PM
To: ISO Market Participants
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTI
CIPANTS@caiso.com>
cc:
Subject: FW: notice to Scheduling Coordinators- Revised format
Scheduling Coordinators and Participating Transmission Owners:
The ISO has received a request for information from the Electricity
Oversight Board. Because of confidentiality provisions of the ISO tariff, we
are noticing, by way of this email, Scheduling Coordinators and
Participating Transmission Owners of the requirements. Please see the memo
below for details and information.
Don Fuller
Director, Client Relations
Memo
To: Scheduling Coordinators and Participating Transmission Owners
cc: Market Participants
From: CA ISO General Counsel Division
Date: July 3, 2000
Re: EOB information request
____________________________________________________________________________
________________
The CA ISO is in receipt of a request for information from the California
Electricity Oversight Board (EOB). The information requested is listed in
the attachment to this notice. Some of the information requested is subject
to confidential treatment by the ISO pursuant to section 20.3 of the tariff.
The CA ISO is in the process of determining and compiling it's response to
the request.
This notice is provided in accordance with section 20.3.4 of the ISO tariff
which states:
Notwithstanding anything in this Section 20.3 to the contrary, if
the ISO is required by applicable laws or regulations, or in the course of
administrative or judicial proceedings, to disclose information that is
otherwise required to be maintained in confidence pursuant to this Section
2.3, the ISO may disclose such information; provided, however, that as soon
as the ISO learns of the disclosure requirement and prior to making such
disclosure, the ISO shall notify any affected Market Participant of the
requirement and the terms thereof. The Market Participant may, at its sole
discretion and own cost, direct any challenge to or defense against the
disclosure requirement and the ISO shall cooperate with such affected Market
Participant to the maximum extent practicable to minimize the disclosure of
the information consistent with applicable law. The ISO shall cooperate with
the affected Market Participant to obtain proprietary or confidential
treatment of confidential information by the person to whom such information
is disclosed prior to such disclosure.
The ISO requests any Market Participant who intends to take action to
challenge or defend against the disclosure of information to notify the ISO
as soon as possible by contacting Jeanne M. Sol, at (916) 608-1744, email
<mailto:jsole@caiso.com> jsole@caiso.com. The ISO intends to release the
information no later than Monday, July 10.
Attachment: Data requested by the EOB:
For items 1-10, the specified information is requested for the following
trades dates: June 1, 2000 through current date; May 20, 2000 through May
24, 2000; and August 22 through August 28, 1999:
(1) Day Ahead Schedules by unit and take out point including
Ancillary Services.
(2) Hour Ahead Schedules by unit and take out point including
Ancillary Services.
(3) Ancillary Service bid adequacy data.
(4) Bids into the BEEP stack.
(5) Actual operation by unit - divided between instructed and
uninstructed generation.
(6) All out of market or out of sequence calls made by the CAISO
during these periods.
(7) RMR calls by hour and by unit and election chosen by owner to
either take contract path or market path, beginning in June 2000. Provide
data indicating whether the unit was already in the market at the
commencement of this period or whether the CAISO had to call the unit in
real time for operation (even if such call was made the previous day).
(8) A list of all units, transmission lines, transformers and other
system elements out on maintenance or forced out of service.
(9) Copies of the CAISO's " Morning Report."
(10) Stage 1 and Stage 2 Emergency Notices during this period.
Focusing on system conditions, causal factors, and data depicting actual
Operating Reserves during each such event on a ten-minute interval.
For the dates specified in requests 11-15, the following information
is requested:
(11) Control Performance Standards violations on June 13, 2000 with
an explanation of what caused these violations or the CAISO's interpretation
of what caused these violations.
(12) All records of communications regarding replacement reserve,
including any internal correspondences relating to alteration, if any, of
CAISO policy regarding quantity to procure beginning on May 1, 2000 through
June 16, 2000.
(13) All records of communications regarding or related to two
Emergency Operating Orders Relating to Uninstructed Deviations (issued June
14 and June 27), including specifics regarding the causes of these,
responses to the orders, and, more generally, the matter of uninstructed
deviations (or chasing the price).
(14) Provide detailed explanations of events that led to dropping
load in the San Francisco Bay Area on June 14.
(15) Provide detailed explanation of events that led up to invoking
CAISO operating procedure T-134 (Tracy transformer overload plus other
affected transformer banks) on June 15, especially focusing on how municipal
utilities responded and how settlements for such responses are expected to
proceed.
(16) A table that cross references generators with their respective
Scheduling Coordinator.
(17) A table that lists generators and the firm that owns this
generator.
(18) A guide to unit/transactions that fall under the 'existing
contract' category.
(19) Copies of current Operating Procedures T-121, T-126, T-133.
Jeanne M. Sol,
Regulatory Counsel
California ISO
(916) 608-7144
____________________________________________________________________________
_______________________________________
The Foregoing e-Mail Communication (Together With Any Attachments Thereto)
Is Intended For The Designated Recipient(s) Only. Its Terms May Be
Confidential And Protected By Attorney/Client Privilege or Other Applicable
Privileges. Unauthorized Use, Dissemination, Distribution, Or Reproduction
Of This Message Is Strictly Prohibited. | robert.badeer@enron.com | david.parquet@enron.com |
badeer-r/_sent_mail/35. | subject: FW: notice to Scheduling Coordinators- Revised format
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 07/03/2000 01:54
PM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Grant, Colleen" <CGrant@caiso.com>
07/03/2000 12:59 PM
To: ISO Market Participants
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTI
CIPANTS@caiso.com>
cc:
Subject: FW: notice to Scheduling Coordinators- Revised format
Scheduling Coordinators and Participating Transmission Owners:
The ISO has received a request for information from the Electricity
Oversight Board. Because of confidentiality provisions of the ISO tariff, we
are noticing, by way of this email, Scheduling Coordinators and
Participating Transmission Owners of the requirements. Please see the memo
below for details and information.
Don Fuller
Director, Client Relations
Memo
To: Scheduling Coordinators and Participating Transmission Owners
cc: Market Participants
From: CA ISO General Counsel Division
Date: July 3, 2000
Re: EOB information request
____________________________________________________________________________
________________
The CA ISO is in receipt of a request for information from the California
Electricity Oversight Board (EOB). The information requested is listed in
the attachment to this notice. Some of the information requested is subject
to confidential treatment by the ISO pursuant to section 20.3 of the tariff.
The CA ISO is in the process of determining and compiling it's response to
the request.
This notice is provided in accordance with section 20.3.4 of the ISO tariff
which states:
Notwithstanding anything in this Section 20.3 to the contrary, if
the ISO is required by applicable laws or regulations, or in the course of
administrative or judicial proceedings, to disclose information that is
otherwise required to be maintained in confidence pursuant to this Section
2.3, the ISO may disclose such information; provided, however, that as soon
as the ISO learns of the disclosure requirement and prior to making such
disclosure, the ISO shall notify any affected Market Participant of the
requirement and the terms thereof. The Market Participant may, at its sole
discretion and own cost, direct any challenge to or defense against the
disclosure requirement and the ISO shall cooperate with such affected Market
Participant to the maximum extent practicable to minimize the disclosure of
the information consistent with applicable law. The ISO shall cooperate with
the affected Market Participant to obtain proprietary or confidential
treatment of confidential information by the person to whom such information
is disclosed prior to such disclosure.
The ISO requests any Market Participant who intends to take action to
challenge or defend against the disclosure of information to notify the ISO
as soon as possible by contacting Jeanne M. Sol, at (916) 608-1744, email
<mailto:jsole@caiso.com> jsole@caiso.com. The ISO intends to release the
information no later than Monday, July 10.
Attachment: Data requested by the EOB:
For items 1-10, the specified information is requested for the following
trades dates: June 1, 2000 through current date; May 20, 2000 through May
24, 2000; and August 22 through August 28, 1999:
(1) Day Ahead Schedules by unit and take out point including
Ancillary Services.
(2) Hour Ahead Schedules by unit and take out point including
Ancillary Services.
(3) Ancillary Service bid adequacy data.
(4) Bids into the BEEP stack.
(5) Actual operation by unit - divided between instructed and
uninstructed generation.
(6) All out of market or out of sequence calls made by the CAISO
during these periods.
(7) RMR calls by hour and by unit and election chosen by owner to
either take contract path or market path, beginning in June 2000. Provide
data indicating whether the unit was already in the market at the
commencement of this period or whether the CAISO had to call the unit in
real time for operation (even if such call was made the previous day).
(8) A list of all units, transmission lines, transformers and other
system elements out on maintenance or forced out of service.
(9) Copies of the CAISO's " Morning Report."
(10) Stage 1 and Stage 2 Emergency Notices during this period.
Focusing on system conditions, causal factors, and data depicting actual
Operating Reserves during each such event on a ten-minute interval.
For the dates specified in requests 11-15, the following information
is requested:
(11) Control Performance Standards violations on June 13, 2000 with
an explanation of what caused these violations or the CAISO's interpretation
of what caused these violations.
(12) All records of communications regarding replacement reserve,
including any internal correspondences relating to alteration, if any, of
CAISO policy regarding quantity to procure beginning on May 1, 2000 through
June 16, 2000.
(13) All records of communications regarding or related to two
Emergency Operating Orders Relating to Uninstructed Deviations (issued June
14 and June 27), including specifics regarding the causes of these,
responses to the orders, and, more generally, the matter of uninstructed
deviations (or chasing the price).
(14) Provide detailed explanations of events that led to dropping
load in the San Francisco Bay Area on June 14.
(15) Provide detailed explanation of events that led up to invoking
CAISO operating procedure T-134 (Tracy transformer overload plus other
affected transformer banks) on June 15, especially focusing on how municipal
utilities responded and how settlements for such responses are expected to
proceed.
(16) A table that cross references generators with their respective
Scheduling Coordinator.
(17) A table that lists generators and the firm that owns this
generator.
(18) A guide to unit/transactions that fall under the 'existing
contract' category.
(19) Copies of current Operating Procedures T-121, T-126, T-133.
Jeanne M. Sol,
Regulatory Counsel
California ISO
(916) 608-7144
____________________________________________________________________________
_______________________________________
The Foregoing e-Mail Communication (Together With Any Attachments Thereto)
Is Intended For The Designated Recipient(s) Only. Its Terms May Be
Confidential And Protected By Attorney/Client Privilege or Other Applicable
Privileges. Unauthorized Use, Dissemination, Distribution, Or Reproduction
Of This Message Is Strictly Prohibited. | robert.badeer@enron.com | mbelden@mediaone.net |
badeer-r/_sent_mail/36. | subject: Price Cap Graphs
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 07/03/2000 01:41
PM ---------------------------
06/30/2000 05:08 PM
Cooper Richey
Cooper Richey
Cooper Richey
06/30/2000 05:08 PM
06/30/2000 05:08 PM
To: David Parquet/SF/ECT@ECT
cc: Robert Badeer/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT
Subject: Price Cap Graphs
Dave,
Here is the next cut,
I've listed assumptions and added the regulation to the ancillary service
component | robert.badeer@enron.com | mbelden@mediaone.net |
badeer-r/_sent_mail/37. | subject: Price Cap Graphs
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 07/03/2000 01:39
PM ---------------------------
06/30/2000 05:08 PM
Cooper Richey
Cooper Richey
Cooper Richey
06/30/2000 05:08 PM
06/30/2000 05:08 PM
To: David Parquet/SF/ECT@ECT
cc: Robert Badeer/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT
Subject: Price Cap Graphs
Dave,
Here is the next cut,
I've listed assumptions and added the regulation to the ancillary service
component | robert.badeer@enron.com | mbelden@mediaone.com |
badeer-r/_sent_mail/38. | subject: brief analysis of june 12-16 heat wave
content: please look at with coopers graphs | robert.badeer@enron.com | david.parquet@enron.com |
badeer-r/_sent_mail/39. | subject: bullet points
content: Dave,
Attached are the bullet points we talked about.
Bob | robert.badeer@enron.com | david.parquet@enron.com |
badeer-r/_sent_mail/4. | subject: Re: California contract language
content: No problem Tom. I'll get it to you today.
Bob | robert.badeer@enron.com | thomas.funk@msdw.com |
badeer-r/_sent_mail/40. | subject: conf call
content: sue, lets do 1015, call me
bob | robert.badeer@enron.com | susan.mara@enron.com |
badeer-r/_sent_mail/41. | subject: Re: CALPX deal #360768
content: yes it is 25 mw and we are taking care of it.
Bob | robert.badeer@enron.com | evelyn.metoyer@enron.com |
badeer-r/_sent_mail/42. | subject: cell phone number
content: Sue,
Could you please send me your cell phone number. Thanks.
Bob | robert.badeer@enron.com | susan.mara@enron.com |
badeer-r/_sent_mail/43. | subject: FW: Reliant Letter to Gov. Davis
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 06/27/2000 06:27
PM ---------------------------
Susan J Mara@EES
06/27/2000 10:27 AM
To: Jeff Dasovich/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, Sandra
McCubbin/SFO/EES@EES, Richard Shapiro/HOU/EES@EES, Tim Belden/HOU/ECT@ECT,
Paul Kaufman/PDX/ECT@ECT, Robert Badeer/HOU/ECT@ECT
cc:
Subject: FW: Reliant Letter to Gov. Davis
---------------------- Forwarded by Susan J Mara/SFO/EES on 06/27/2000 12:24
PM ---------------------------
"Katie Kaplan" <kaplan@iepa.com> on 06/26/2000 04:02:30 PM
To: "William Hall" <wfhall2@duke-energy.com>, "Trond Aschehoug"
<taschehoug@thermoecotek.com>, "Tim Loposer" <tim.loposer@williams.com>, "Sue
Mara" <smara@enron.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Roger
Pelote" <roger.pelote@williams.com>, "Rob Lamkin"
<rllamkin@seiworldwide.com>, "Randy Hickok" <rjhickok@duke-energy.com>,
"Marty McFadden" <mcfaddenjr@aol.com>, "Lynn Lednicky" <lale@dynegy.com>,
"Kent Fickett" <kfickett@usgen.com>, "Jonathan Weisgall" <jweisgall@aol.com>,
"John Stout" <John_H_Stout@reliantenergy.com>, "Joe Ronan"
<joer@calpine.com>, "Joe Greco" <joe.greco@uaecorp.com>, "Jim Willey"
<jwilley@conpwr.com>, "JAnet Heck-Doyle" <jheckdoyle@aol.com>, "Jack Pigott"
<jackp@calpine.com>, "Hap Boyd" <rboyd@enron.com>, "Greg Blue"
<gtbl@dynegy.com>, "Frank DeRosa" <frank.derosa@gen.pge.com>, "Eileen Koch"
<eileenk@calpine.com>, "Ed Tomeo" <ed.tomeo@uaecorp.com>, "Duane Nelsen"
<dnelsen@gwfpower.com>, "Dennis Elliott" <delliott@energy.twc.com>, "Dave
Parquet" <dparque@ect.enron.com>, "Curtis Kebler"
<curtis_l_kebler@reliantenergy.com>, "Cody Carter"
<cody.carter@williams.com>, "Carolyn A Baker" <cabaker@duke-energy.com>, "Bob
Escalante" <rescalante@riobravo-gm.com>, "Bob Ellery" <bellery@spi-ind.com>,
"Bill Woods" <billw@calpine.com>, "Bill Carlson"
<william_carlson@wastemanagement.com>, "Dean Gosselin" <dean_gosselin@fpl.com>
cc:
Subject: FW: Reliant Letter to Gov. Davis
Greetings:
Please find a copy of the Reliant letter to the Governor.
-----Original Message-----
From: curtis_l_kebler@reliantenergy.com
[mailto:curtis_l_kebler@reliantenergy.com]
Sent: Monday, June 26, 2000 1:53 PM
To: john_h_stout@reliantenergy.com; stephanie-newell@reliantenergy.com;
rhoward@reliantenergy.com
Cc: smutny@iepa.com; steven@iepa.com; kaplan@iepa.com
Subject: Reliant Letter to Gov. Davis
Attached is a revised draft of Reliant's letter to Gov. Davis.
(See attached file: Gov. Davis Letter.rev1.doc)
- Gov. Davis Letter.rev1.doc | robert.badeer@enron.com | matt.motley@enron.com |
badeer-r/_sent_mail/44. | subject: Proposal to Lower ISO Price Cap
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 06/27/2000 06:26
PM ---------------------------
Susan J Mara@EES
06/27/2000 11:05 AM
To: Jeff Dasovich/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, Sandra
McCubbin/SFO/EES@EES, Robert Badeer/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT,
Richard Shapiro/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT
cc:
Subject: Proposal to Lower ISO Price Cap
---------------------- Forwarded by Susan J Mara/SFO/EES on 06/27/2000 01:00
PM ---------------------------
GTBL@dynegy.com on 06/26/2000 09:10:22 PM
To: "William Hall" <wfhall2@duke-energy.com>, "Trond Aschehoug"
<taschehoug@thermoecotek.com>, "Tim Loposer" <tim.loposer@williams.com>, "Sue
Mara" <smara@enron.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Roger
Pelote" <roger.pelote@williams.com>, "Rob Lamkin"
<rllamkin@seiworldwide.com>, "Randy Hickok" <rjhickok@duke-energy.com>,
"Marty McFadden" <mcfaddenjr@aol.com>, LALE@dynegy.com, "Kent Fickett"
<kfickett@usgen.com>, "Jonathan Weisgall" <jweisgall@aol.com>, "John Stout"
<John_H_Stout@reliantenergy.com>, "Joe Ronan" <joer@calpine.com>, "Joe Greco"
<joe.greco@uaecorp.com>, "Jim Willey" <jwilley@conpwr.com>, "JAnet
Heck-Doyle" <jheckdoyle@aol.com>, "Jack Pigott" <jackp@calpine.com>, "Hap
Boyd" <rboyd@enron.com>, GTBL@dynegy.com, "Frank DeRosa"
<frank.derosa@gen.pge.com>, "Eileen Koch" <eileenk@calpine.com>, "Ed Tomeo"
<ed.tomeo@uaecorp.com>, "Duane Nelsen" <dnelsen@gwfpower.com>, "Dennis
Elliott" <delliott@energy.twc.com>, "Dave Parquet" <dparque@ect.enron.com>,
"Curtis Kebler" <curtis_l_kebler@reliantenergy.com>, "Cody Carter"
<cody.carter@williams.com>, "Carolyn A Baker" <cabaker@duke-energy.com>, "Bob
Escalante" <rescalante@riobravo-gm.com>, "Bob Ellery" <bellery@spi-ind.com>,
"Bill Woods" <billw@calpine.com>, "Bill Carlson"
<william_carlson@wastemanagement.com>, "Dean Gosselin" <dean_gosselin@fpl.com>
cc:
Subject: Proposal to Lower ISO Price Cap
FYI
---------------------- Forwarded by Gregory T Blue/NGCCorp on 06/26/2000 07:05
PM ---------------------------
Gregory T Blue
06/26/2000 09:02 PM
To: 104525.3473@compuserve.com, aanoli@ladwp.com, Barbara Barkovich
<brbarkovich@earthlink.net>, bcarnahan@scppa.org, Camden Collins
<camden.collins@gte.net>, Carolyn Kehrein <cmkehrein@ems-ca.com>, Dan
Kirshner <dank@edf.org>, dferrei@smud.org, dnix@energy.state.ca.us,
Douglas Long <dug@cpuc.ca.gov>, dparque@ect.enron.com, dxh4@pge.com,
Eric
Woychik <estrategy@mindspring.com>, fieldejr@sce.com, gcotton@sdge.com,
Gregory T Blue/NGCCorp@NGCCorp, jmcguire@siliconvalleypower.com,
kbjoha@aol.com, Marcie Edwards <medwar@ladwp.com>, Mike Florio
<mflorio@turn.org>, Paul Arnold <pfarnold@bpa.gov>, pspan18988@aol.com,
rachel@cleanpower.org, slk@water.ca.gov, smutny@iepa.com, Stacey Kusters
<stacey.kusters@powerex.com>, Stacy Roscoe <roscoesa@pg.com>, Terry
Winter
<TWinter@caiso.com>, timothydanielhay@aol.com, toenyes@wapa.gov,
wiseco@pacbell.net
cc: Charlie Robinson <CRobinson@caiso.com>, Dennis Fishback
<DFishback@caiso.com>, Elena Schmid <ESchmid@caiso.com>, Kellan
Fluckiger
<KFluckiger@caiso.com>
Subject: Proposal to Lower ISO Price Cap
ISO Board Members,
For your consideration please find attached my executive summary and
detailed letter regarding this subject. I look foward to the discussion.
Greg Blue
(See attached file: EXECUTIVE SUMMARY.doc)(See attached file: Fellow Board
Members.doc)
- EXECUTIVE SUMMARY.doc
- Fellow Board Members.doc | robert.badeer@enron.com | matt.motley@enron.com |
badeer-r/_sent_mail/45. | subject: financial products on EOL
content: Melba,
The following list of people need acces to see financial products on EOL.
1. Robert Badeer
2. Tim Belden
3. Mike Swerzbin
4. Matt Motley
5. Jeff Richter
6. Sean Crandall
7. Diana Scholtes
8. Tom Alonso
9. Mark Fischer
Please expedite this as we are putting financial products on EOL.
Thanks,
Bob | robert.badeer@enron.com | melba.lozano@enron.com |
badeer-r/_sent_mail/46. | subject: Restructuring Today, Friday June 23, 2000
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 06/26/2000 06:29
AM ---------------------------
Susan J Mara@EES
06/23/2000 01:08 PM
To: Tim Belden/HOU/ECT@ECT, Chris H Foster/HOU/ECT@ECT, John M
Forney/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Stewart Rosman/HOU/ECT@ECT,
Mary Hain/HOU/ECT@ECT, Jeff Dasovich/SFO/EES@EES, Paul Kaufman/PDX/ECT@ECT,
Mona L Petrochko/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES, Bruno
Gaillard/SFO/EES@EES, Roger Yang/SFO/EES@EES, Dennis Benevides/HOU/EES@EES
cc: rcarroll@bracepatt.com, Elsa Piekielniak/Corp/Enron@Enron
Subject: Restructuring Today, Friday June 23, 2000
Article on California "gaming", high prices, possible litigation, and Avista
problems
---------------------- Forwarded by Susan J Mara/SFO/EES on 06/23/2000 02:55
PM ---------------------------
Restructuring Today <season@restructuringtoday.com> on 06/23/2000 12:56:25 PM
Please respond to season@restructuringtoday.com
To: 031601Mara <smara@enron.com>
cc:
Subject: Restructuring Today, Friday June 23, 2000
(see attached file: rt000623.pdf)
Thank you,
Season Hawksley
Marketing Manager
Restructuring Today
U.S. Publishing Company
season@restructuringtoday.com
www.restructuringtoday.com
1-800-486-8201
- rt000623.pdf | robert.badeer@enron.com | greg.wolfe@enron.com |
badeer-r/_sent_mail/47. | subject: Restructuring Today, Friday June 23, 2000
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 06/26/2000 06:23
AM ---------------------------
Susan J Mara@EES
06/23/2000 01:08 PM
To: Tim Belden/HOU/ECT@ECT, Chris H Foster/HOU/ECT@ECT, John M
Forney/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Stewart Rosman/HOU/ECT@ECT,
Mary Hain/HOU/ECT@ECT, Jeff Dasovich/SFO/EES@EES, Paul Kaufman/PDX/ECT@ECT,
Mona L Petrochko/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES, Bruno
Gaillard/SFO/EES@EES, Roger Yang/SFO/EES@EES, Dennis Benevides/HOU/EES@EES
cc: rcarroll@bracepatt.com, Elsa Piekielniak/Corp/Enron@Enron
Subject: Restructuring Today, Friday June 23, 2000
Article on California "gaming", high prices, possible litigation, and Avista
problems
---------------------- Forwarded by Susan J Mara/SFO/EES on 06/23/2000 02:55
PM ---------------------------
Restructuring Today <season@restructuringtoday.com> on 06/23/2000 12:56:25 PM
Please respond to season@restructuringtoday.com
To: 031601Mara <smara@enron.com>
cc:
Subject: Restructuring Today, Friday June 23, 2000
(see attached file: rt000623.pdf)
Thank you,
Season Hawksley
Marketing Manager
Restructuring Today
U.S. Publishing Company
season@restructuringtoday.com
www.restructuringtoday.com
1-800-486-8201
- rt000623.pdf | robert.badeer@enron.com | matt.motley@enron.com |
badeer-r/_sent_mail/48. | subject: Re: West Power Financial Products
content: that would be great. thanks
bob | robert.badeer@enron.com | dale.neuner@enron.com |
badeer-r/_sent_mail/49. | subject: Re: Party reminder and directions
content: Mary,
I will be out of town this weekend and therefore unable to attend. Sorry and
thanks for the invite.
Bob | robert.badeer@enron.com | mary.hain@enron.com |
badeer-r/_sent_mail/5. | subject: DJ Calif Generators: `We Welcome Probe Into Power Market' - DJ Ca
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 08/17/2000 10:28
AM ---------------------------
Carla Hoffman
08/16/2000 09:09 AM
To: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Jeff
Richter/HOU/ECT@ECT, Phillip Platter/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT,
Diana Scholtes/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT, Matt
Motley/PDX/ECT@ECT, Mark Guzman/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark
Fischer/PDX/ECT@ECT
cc:
Subject: DJ Calif Generators: `We Welcome Probe Into Power Market' - DJ Ca
lif ISO Urges FERC To Reject Pwr Producers' Complaint
---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/16/2000 09:16
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
08/16/2000 06:11 AM
To: "Golden, Mark" <Mark.Golden@dowjones.com>
cc: (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ Calif Generators: `We Welcome Probe Into Power Market' - DJ Ca
lif ISO Urges FERC To Reject Pwr Producers' Complaint
12:15 GMT 16 August 2000
=DJ Calif Generators: `We Welcome Probe Into Power Market' (This article
was originally published Tuesday) By Jason Leopold OF DOW JONES
NEWSWIRES LOS ANGELES (Dow Jones)--When California Attorney General Bill
Lockyer completes his investigation into possible "collusion" in the
wholesale electricity market by generators, energy companies say he will
probably find the same thing Geraldo Rivera found in Al Capone's safe:
nothing. Still, those companies that own generation in the state say they
welcome the probe into the power market by Attorney General Bill Lockyer.
"We have done nothing wrong at all," said Tom Williams, spokesman for Duke
Energy North America (DUK). "Our plants have been running all summer long.
Prices are high throughout the west. We wouldn't invest $1.7 billion in new
generation and then try and rig the market." For the past two months,
utilities, lawmakers and other market participants have made allegations
that generators are manipulating the market and are largely responsible for
the price spikes. Locker's office said an investigation is still pending.
State regulators are also conducting their own investigation, the findings
of which will be submitted to the governor and the Federal Energy Regulatory
Commission by the end of the year. Allegations Said Unsubstantiated There
isn't a shred of evidence to support allegations, said Severing Borenstein,
director of the University of California, Berkley's, Energy Institute.
"There are no antitrust laws that state you can't charge a premium price for
power," Borenstein said. "Manipulation is a bad word. That's used in the
commodities market to find a loophole and take advantage of the rules. "I
would say this is exercising market power. ... If you want to charge high
prices you can. These are guys who play against each other every day. There
is no sort of collusion that would interest the justice department ... ."
The reason for the inquiry ordered By Gov. Gray Davis, he said, is as a
consequence of San Diego consumers being the first in the nation to pay
market-based rates for electricity. The high wholesale costs paid by
utility San Diego Gas & Electric, a unit of Sempra Energy (SRE), were passed
on to ratepayers and resulted in utility bills more than doubling. Gov.
Davis ordered the inquiry and asked federal regulators to conduct their own
investigation as well. Dynegy (DYN) President Steve Bergstrom also says
that an investigation "will turn up nothing." So why conduct one? "This is
a very politically charged issue," Bergstrom said. "When something goes
wrong you have to find someone to point the finger at." A source in the
governor's office said Davis is aware that Attorney General Lockyer's
investigation may turn up nothing, but Gov. Davis "has a responsibility to
his constituents." Supply vs. Demand What the investigation will turn up
is evidence that there is a shortage of power in the state and not enough
power plants being built to meet increasing demand, said Terry Winter,
chairman and chief executive officer of the California Independent System
Operator. Winter said he doesn't believe that there is anything wrong with
the way generators sell their power and 98% of the time the market works
well. "Is it market abuse to bid at the price cap ($250 per megawatt-hour)
knowing that you're 1,000 MW short? I have trouble identifying that as
market power abuse," Winter said. Despite some proposed regulatory changes,
such as bid caps on wholesale energy prices and a rate freeze for SDG&E
customers, Duke Energy, Dynegy, Southern Co. (SO) and Reliant (RLI) all
still plan to invest in generation in the state. That's a different stance
than the companies took a month ago when the ISO reduced the wholesale price
cap in the real-time market to $250/MWh. "At the end of the day the market
is short power and you got to get people to build new generation," said
Dynegy's Bergstrom. "We got a big investment in California. We're not
walking away from that." -By Jason Leopold, Dow Jones Newswires;
323-658-3874; jason.leopold@dowjones.com Copyright (c) 2000, Dow Jones &
Company Inc
12:15 GMT 16 August 2000 DJ Calif ISO Urges FERC To Reject Pwr Producers'
Complaint
(This article was originally published Tuesday)
WASHINGTON (Dow Jones)--California's power grid administrator Monday urged
federal regulators to reject a complaint from power producers seeking
compensation in the event out-of-state power transactions are curtailed
during an extreme power grid emergency.
The independent system operator told the Federal Energy Regulatory
Commission that the power producers seek compensation in the event of a
"situation that never has occurred any time since the ISO began operations,
and if it were to occur in the future, would do so rarely."
The ISO noted that its tariff governing access to the state's grid already
allows for compensation in the event of curtailed exports, and decried the
power producers' complaint as "a collateral attack" on a previous FERC order
rejecting claims that the tariff failed to provide adequate compensation.
Curtailing scheduled power transactions and exports would be a last resort
measure taken only after other options have been exhausted, the ISO said.
The power producers should adjust their contracts to factor in the risk of
interruption in the event of a state-wide grid emergency, the ISO said.
The ISO's objections were echoed by the state's electricity distribution
utilities and California regulators.
They complained that the power producers are merely trying to get out from
under the price controls the ISO has imposed in an effort to rein in
skyrocketing power prices this summer.
The generators "knew when they purchased California power plants and when
they entered into their export contracts that the ISO could alter their
schedules in an emergency. For them to ask the commission to make it even
more expensive, and hence, more difficult, for the ISO to maintain grid
reliability in California is irresponsible," said Southern California
Edison, a unit of Edison International (EIX).
"The complaint is a sham," declared the California Public Utilities
Commission.
"The true intent of the complaint ... is to avoid the ISO price caps by
making sales to affiliates or cooperating entities located out of state, and
sell the power back to the ISO at uncapped prices reflecting the generators'
market power," the PUC said, calling for FERC to summarily reject the
complaint.
"The complaint is factually unsupported, legally unfounded, complains of
conduct consistent with the ISO's authority under pertinent FERC decisions,
and seeks to avoid the price cap," the PUC said.
But power marketers and other power producers voiced support for the
complaint, filed Aug. 3 by Reliant Power Generation Inc. (REI), Dynegy Power
Marketing Inc. (DYN) and Southern Energy California (SO).
"By subjecting curtailed energy transactions to its maximum purchase price
of $250, and simply ignoring the financial impact on sellers, the Cal ISO
would be overtly discriminating against export transactions and market
participants who schedule energy for export," said the Electric Power Supply
Association, the national trade group representing competitive power
producers.
"It is critical that power producers ... know with certainty that the
curtailment of scheduled energy exports by Cal ISO will be compensated,"
said Morgan Stanley Capital Group Inc.
"Now that the ISO Governing Board has lowered purchase price caps to $250,
it is significantly more likely that the curtailment of exports will occur
more frequently. Less energy will be imported into California and more
energy will leave California in search of higher prices," said Williams
Energy Marketing & Trading Co. in support of the complaint's call for actual
damages and lost opportunity costs.
At least one power purchaser voiced support for the producers' position as
well.
"It seems a very basic point that if the Cal ISO must divert the
transactions of others to meet its own loads, that is should pay the full
costs of doing so," said the Northern California Power Agency.
-By Bryan Lee, Dow Jones Newswires; 202-862-6647; bryan.lee@dowjones.com
Copyright (c) 2000, Dow Jones & Company Inc
G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel. 609.520.7067
Fax. 609.452.3531
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.
<<Gunther Pergher (E-mail).vcf>>
- Gunther Pergher (E-mail).vcf | robert.badeer@enron.com | tim.belden@enron.com |
badeer-r/_sent_mail/50. | subject: Re: Cha Ching!
content: you're the man | robert.badeer@enron.com | ksimmo2@entergy.com |
badeer-r/_sent_mail/51. | subject: *DJ Calif. PUC Approves Utilities Buying Pwr Out Of CalPX
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 06/14/2000 02:14
PM ---------------------------
From: Greg Wolfe on 06/08/2000 03:48 PM
To: Chris H Foster/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Robert
Badeer/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT
cc:
Subject: *DJ Calif. PUC Approves Utilities Buying Pwr Out Of CalPX
---------------------- Forwarded by Greg Wolfe/HOU/ECT on 06/08/2000 05:52 PM
---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
06/08/2000 01:10 PM
To: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
cc: (bcc: Greg Wolfe/HOU/ECT)
Subject: *DJ Calif. PUC Approves Utilities Buying Pwr Out Of CalPX
17:46 GMT 8 June 2000
*DJ Calif. PUC Approves Utilities Buying Pwr Out Of CalPX
Mandatory Buy Requirement Ends For Utilities
LOS ANGELES (Dow Jones)--The California Public Utilities Commission
approved a controversial plan Thursday morning that
will allow the state's three investor-owned utilities to buy power outside
the Caliifornia Power Exchange market structure.
The commission voted 3 to 2 in favor of the measure. Commissioners Henry
Duque, Richard A. Bilas and Josiah Neeper voted
in favor of the draft order.
The decision relieves the three investor-owned utilities, Sempra Energy
unit San Diego Gas & Electric (SRE), Pacific Gas &
Electric (PCG) and Edison International unit Southern California Edison
(EIX), from their mandatory buy requirement that
became effective in March 1998 when the state moved to a deregulated
competitive market. Originally the mandatory buy
requirement was set to end in 2002, when all three utilities recovered
their stranded costs.
"This decision is not as earth shattering as it sounds," Commissioner
Bilas, one of the author's of the draft order, said at
Thursday's meeting. "I am not criticizing the power exchange. But this will
result in lower prices patched through to bundled
customers."
Trading platforms likw Automated Power Exchange and the New York Mercantile
Exchange can now compete directly with the
CalPX, which currently controls 85% of the state's wholesale power market.
The utilities can buy power from other "qualified
exchanges" through an advice letter process.
Utilities Can Trade With Other Exchanges Now
California's big three utilities can buy power outside the CalPX market
structure immediately, through an advice letter process,
which means the utilities have to notify the commission of their intent to
trade power with qualified exchanges such as APX,
Nymex or Bloomberg.
The commission said the exchanges have to offer the same services as the
CalPX - forward, daily and monthly trading, and
anonymity to prevent self dealing between the buy side and sell side - in
order to meet the criteria for a qualified exchange.
Exchanges would also have to be independently owned from the utilities.
Enron Online would not meet the criteria for a
qualified exchange, commissioners said.
The advice letter only needs to be filed once and s merely a formality that
would not need to be approved by a majority of the
commission.
Mark Huffman, PG&E senior attorney for regulatory affairs, told Dow Jones
Newswires that his company "will quickly start
looking at other exchanges and see what's out there. We're going to start
the advice letter process."
SoCal Edison and SDG&E said they will do the same.
Ed Cazalet, chairman and founder of APX, said Thursday's controversial
three-to-two vote in favor of the draft order "creates a
tremendous opportunity for APX."
"It allows us to bring the benefits of Silicon Valley technology to
California," Cazalet said. "This is really about bringing
e-commerce to the market."
E. Jesus Arredondo, however, disagreed, saying "selling into our market
doesn't cost anything and selling into the APX market
costs 20 cents per megawatt-hour."
Commissioner said having other exchanges will not only result in lower
electricity prices, but it will allow the buyer and seller
the chance to see prices before making the purchase.
CalPX's block forward prices are not immediately published, Commissioner
Bilas said.
Reacting to the ruling, CalPX Chief Executive Officer George Sladoje said
"Today's split vote by the CPUC in favor of
accelerating the introduction of other qualified exchanges is not
well-reasoned and it may in the end prove counterproductive."
-By Jason Leopold; Dow Jones Newswires (323) 658-3874;
jason.leopold@dowjones.com Copyright (c) 2000, Dow Jones &
Company Inc
G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel. 609.520.7067
Fax. 609.452.3531
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.
<<Gunther Pergher (E-mail).vcf>>
- Gunther Pergher (E-mail).vcf | robert.badeer@enron.com | mpetroch@enron.com |
badeer-r/_sent_mail/52. | subject: Re: James D. Harvey - Candidate for WSCC Power Analyst
content: This guy looks like he would be great on the services desk. But he says he is
looking for a position with a company with that is a "progressive generation
owner" in the WSCC, we don't fit that mold. It might be a waste of time if we
don't have what he's looking for.
Bob | robert.badeer@enron.com | tim.belden@enron.com |
badeer-r/_sent_mail/53. | subject: Re: Conference Call Monday June 12 Noon - Interim Market Power
content: Listened in this afternoon. Essentially this is the capacity market that was
discussed at the meeting I went to last week. Nothing solved or implemented,
lots of arguments and whining.
Bob | robert.badeer@enron.com | tim.belden@enron.com |
badeer-r/_sent_mail/6. | subject: Enron Air Consultants
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 08/15/2000 11:04
AM ---------------------------
Janel Guerrero@ENRON
08/15/2000 10:37 AM
To: Kevin McGowan/Corp/Enron@ENRON, Robert Badeer/HOU/ECT@ECT
cc: John Massey/HOU/ECT@ECT
Subject: Enron Air Consultants
Kevin/Bob:
Here is a quick rundown on the consultants that Sam Wehn and his team have
been using in their efforts to obtain ERCs in the CA market. If you have
questions, or would like to see their resumes/bios let me know.
Joan Heredia, Woodward-Clyde Consultants
805-964-6010 x127
Joan is a project engineer in the field of Air Quality Mangement. She has
previously worked for the County of Santa Barbara Air Pollution Control
District from 1985-1990. In her current position, she provides regulatory
compliance expertise with an emphasis in the areas of air quality and
hazardous waste management. Joan has various regulatory agency interaction
with California's Air Quality Districts and the EPA. Her experience includes:
Prepared air permit applications at 3 bulk gasoline distribution terminals.
Public meeting participation and response to public inquiries concerning air
pollution control policies and procedures.
Air dispersion modeling and health risk assssment for contaminated soil
remediation projects.
Air emission control device efficiency analysis.
Emissions evaluation for boilers, flares, internal combustion engines,
turbines.
Served as the lead coordinator for a consortium of power generation companies
(AES, Enron, US Gen, Reliant and Calpine) in developing comments on the South
Coast Air Quality Management District Turbine BACT guidelines.
Project manager for all environmental permitting associated with the
development of a 500 MW merchant power plant in AZ.
Project manager for a 500 MW gas-fired turbine merchant power plant.
Prepared emission scenarios to facilitate operational flexibility and managed
the air quality impact assessment. Prepared NSR/PSD permit application for
submittal to the Bay Area Air District. Participated in public hearings and
served as expert witness for CEC testimony. Participated in numerous
negotation meetings with the EPA, CARB, and Bay Area Air Quality Mangement
District for the development permit condition language.
Joan is a member of the Air and Waste Management Association. She has a B.S.
in Chemical Engineering from University of California, Santa Barbara and an
M.S. in Environmental Engineering from California Polytechnic State
University.
Mike Hadari, self-employed consultant
cell: 310-710-9299
Mike worked with John Palmisano (former Enron employee), Josh Margolis
(Cantor-Fitzgerald Brokerage Services) on several trading-related air
programs. Mike is currently assisting EES on some GHG issues. He has a
heavy technical background (Combustion Energy Engineer) that has focused on
high efficiency combustion and energy-related projects. Mike worked at the
San Jouaquin Air District for 2 years, and has worked at other consulting
firms before starting his own consulting operation. Mike was one of 20
people who worked on the development of the RECLAIM program in the SCAQMD.
He has a broad range of expertise that includes technical, regulatory and
trading experience. He has negotiated with a number of air districts. He is
currently devoting about 95 % of his time today to Enron (EES and ENA). He
is also involved in reporting functions for the CA ERC and RECLAIM programs.
Barry Ogilby, Attorney, McCutchen, Doyle, Brown & Enersen
415-393-2496
Barry is in McCutchen's environmental, litigation and energy law practice
groups. He has been involved with environmental compliance, litigation and
regulatory matters at the federal and state levels for than 25 years.
He was in house counsel for Exxon for 15 years, While at Exxon, he provided
commercial litigation support to Exxon's marketing, refining, pipeline
transportation, and oil and gas production operations. He was appointed by
the Governor of CA to serve on the State's Oil Spill Technical Advisory
Committee.
He represents clients on a national basis on matters related to marine
transportation, the Clean Air Act (inlcuding project development and
compliance), and the Clean Water Act. He has extensive experience in federal
and state compliance actions related to air and water laws and new permitting
requirements. He often represents clients before federal and state
regulatory agencies regarding alleged violations of environmental laws and in
support of client efforts to obtain necessary environmental and land-use
permits for new projects.
Barry is a member of the ABA, and has served as an adjunct law professor in
environmental and land-use law. He received his J.D. from the University of
Memphis and his B.S. Degree in engineering/geology from the University of
KY. He is admitted to practice in CA, TX, TN and KY.
McCutchen's Environmental and Land Use Group consists of 70 lawyers in four
offices. They represent landowners and developers, basic and high technology
manufacturing companies, transportation companies, trade associations and
governmental entities. Members of McCutchen's Environmental Group who
specialize in Air Quality have experience in: New Source Review:
Non-attainment and PSD ; State Air Permits ; Title V Operating Permits ; New
Source Performance Standards ; Stationary Controls ; RECLAIM ; Reporting
Obligations ; and Emissions Banking among other things.
Kurt Marquald and Peter Okurowski, California Environmental Associates
415-421-4213
Kirk is the Founder and Principal of CEA. He has worked on CA energy and
environmental regulatory issues for over 18 years. He has led large-scale
regulatory reform and strategic planning projects for major manufacturing and
transportation companies as well as trade associations and law firms. Prior
to establishing CEA, Kirk served as teh Under Secretary of CA Natural
Resources Agency as Director of the Office of Appropriate Technology. He
managed budget and policy initiatives at the Agency's 9 departments. He has
resolved policy conflicts between departments, cabinet officers, legislators,
companies, and private citizens. He has also worked as a consultant to the
Environmental Defense Fund on issues related to energy, water and hazardous
materials. Kirk has a M.S. in Natural Resources Policy and Mangement from
teh University of MI and a B.A. from Trinity College.
Peter is a Senior Associate at CEA with broad experience in technical,
political, and legal analysis on air pollution issues. He works with clients
to strategically manage their position in ongoing federal, state and local
rulemaking activities. He analyzes data and policy proposals to help clients
develop the appropriate level of regulatory action. Prior to joining CEA, he
worked for four years at the U.S. EPA office of Mobile Sources in Ann Arbor,
MI. He developed regulatory text and helped to form public policy for EPA's
economic incentive programs and emissions trading programs. Peter holds a
J.D. from Indiana University and a B.A. in Economics from the University of
MI.
Overall, CEA has assisted clients on numerous environental issues. CEA
Actions in the air emissions credit trading arena include:
assisting the client in managing permit and emission reduction credit issues
at a facility slated for closure;
performing analysis of possible excess credit streams under various business
assumptions;
intervening with the SCAQMD to resolve issues adversely impacting a client's
emission credit allocations;
educating the client as to possible trading and brokerage strategies; and
assisting the client in the auction of credits. | robert.badeer@enron.com | tim.belden@enron.com |
badeer-r/_sent_mail/7. | subject: Re: Robert Gramlich
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 08/10/2000 11:49
AM ---------------------------
To: Tim Belden/HOU/ECT@ECT
cc:
Subject: Re: Robert Gramlich
any day works | robert.badeer@enron.com | lysa.akin@enron.com |
badeer-r/_sent_mail/8. | subject: Re: Robert Gramlich
content: any day works | robert.badeer@enron.com | tim.belden@enron.com |
badeer-r/_sent_mail/9. | subject: CAISO NOTIFICATION: Request For Comments Regarding Adjustable Int
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 08/10/2000 09:29
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: CRCommunications <CRCommunications@caiso.com>
08/09/2000 12:19 PM
To: ISO Market Participants
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTI
CIPANTS@caiso.com>
cc: TSWG <TSWG@caiso.com>
Subject: CAISO NOTIFICATION: Request For Comments Regarding Adjustable Int
er-SC trades.
> As a result of the delay to 10 minute settlements, members of the SC's
> technical development staff via TSWG have expressed strong concern about
> the short time between the scheduled release of 10 minute settlements and
> adjustable inter-SC trades functionality. Adjustable inter-SC trades are
> currently scheduled for September 11 release. The adjustable inter-SC
> trade functionality was identified by Market Participants as a very
> important functionality that should be released ASAP. Prior to the ISO
> making any final decisiions on propsoed schedule changes rollout of the
> adjustable inter-SC trade functionality, the ISO is seeking additional
> feedback from both the business and technical sides of the Market
> Participants. Please provide your recommendation and any impact a
> change of scheduled rollout of 2-3 weeks for adjustable inter-SC trades
> would have on your business and systems to Jim Blatchford by Friday,
> August 11.
>
> Mark Rothleder
> Manager of Market Operations
> CAISO | robert.badeer@enron.com | jeff.richter@enron.com |
badeer-r/all_documents/1. | subject: FERC Presentation on California/West Wholesale Market
content: Last Thursday, I made the first attached presentation to the FERC Staff at
the power marketer's meeting on the FERC's investigation of the wholesale
market in the West (and in particular California). Ellen Wolf (of Tabors
Caramanis) and I created this presentation building on previous presentations
by Tim Belden and Dave Parquet. In the presentation and the meeting we made
the following points:
There isn't much FERC can do because the cause of the price spikes is not in
the wholesale market. We discouraged FERC from taking any action that would
hurt the vibrant wholesale market in the California and the rest of the West
as well.
High prices logically resulted from scarcity and if the Commission does
anything it should (1) investigate whether market power was being exercised
by any party and, (2) if necessary to protect the market (while still
incenting needed generation) establish a price cap at a scarcity rent level
equal to the price at which loads were willing to interrupt.
The IOUs have not properly prepared for the risk of high prices caused by
scarcity. They have failed to hedge and have underscheduled their load,
therefore having to fill a large percentage of their load at ISO real time
prices. My analogy was that this was like day trading your retirement fund
as an asset allocation scheme.
The market would function better if more information was provided to the
market.
The Commission should do whatever it can to incent participation by load.
To see the presentation, detach, save, and view in Powerpoint. When you do,
you will find there are many "hidden" slides that were not part of the oral
presentation but were provided to Staff in hard copy for additional
information.
According to the head of the investigation (Scott Miller), the staff got alot
more out of this meeting than Staff's previous meetings with the IOUs and the
generators. Based on the numerous phone calls I've been getting, the Staff
is looking into the data we provided.
I have also attached a revised version of the presentation that Tim sent to
Scott Miller on Friday. Tim's version conveys the same message but takes a
different approach to conveying the message. On Friday, Tim talked to Scott
and answered some additional questions. Tim said that Enron is in favor of
eliminating the mandatory PX buying requirement and would like the IOUs to be
able to buy from Enron Online. He also explained more fully the existence of
scarcity . | mary.hain@enron.com | james.steffes@enron.com, david.delainey@enron.com, john.lavorato@enron.com, |
badeer-r/all_documents/10. | subject: D.C. REPORT 8-29
content: 8/28 IS RECORDED ON 'PRIOR DAY'S' SHEET | carla.hoffman@enron.com | tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com, |
badeer-r/all_documents/100. | subject: New Version of Netscape
content: Netscape 4.74 has been rolled out to the Portland office. After you've
completed a fresh login, you will notice Netscape 4.74 on your start menu.
Just click the Netscape icon and the new version will install automatically.
If you have any problems during this Netscape upgrade, please feel free to
call any IT person.
Regards,
Paul | paul.kane@enron.com | portland.desk@enron.com |
badeer-r/all_documents/101. | subject: RE: Path 26 OTC increase -- IMPORTANT
content: check this out and let everyone know what's up.
---------------------- Forwarded by Tim Belden/HOU/ECT on 08/20/2000 09:16 PM
---------------------------
From: Richard Ingersoll on 08/17/2000 01:11 PM CDT
To: Tim Belden/HOU/ECT@ECT, Tim Heizenrader/PDX/ECT@ECT
cc:
Subject: RE: Path 26 OTC increase -- study report and conference call info
I haeeery reason to believe that this uprating of path 26 from 2800 to 3000
will get approved for the balance of the summer.
---------------------- Forwarded by Richard Ingersoll/HOU/ECT on 08/17/2000
01:09 PM ---------------------------
Eddy Lim <ELim@smud.org>@wscc.com on 08/16/2000 04:41:52 PM
Sent by: Maiser@wscc.com
To: "Operating Transfer Capability Policy Group" <otc@wscc.com>
cc:
Subject: RE: Path 26 OTC increase -- study report and conference call info
<<OTC-Path 26-2000Summer Report update.doc>>
Dear CA OSS and WSCC OTCPG members,
Attached is the Path 26 study report which supports moving the
thermally limited OTC from 2800 MW to 3000 MW. The COI/PDCI and SCIT
nomogram remain unchanged. The CAISO has scheduled a conference call this
Friday to discuss this report and seek OSS and WSCC OTC PG review and
approval. I know this is short notice for most of you. In the interest are
reliability and full utilization of the system, I thank you all in advance
for supporting the expedited review of this report.
If you have any questions or comments on the report please E-Mail Chuck Wu
at Cywu@caiso.com <mailto:Cywu@caiso.com> and CC me at Elim@smud.org
<mailto:Elim@smud.org> .
SEC at WSCC please post and distribute accordingly.
Talk to you this Friday!
Eddy Lim
SMUD
System Operations and Reliability
(916) 732-5362
Conference Access
------------------------------------------
US/Canada Dial-In Number: (877) 381-5996
Passcode (Owner ID): 784377
------------------------------------------
Company Name: California ISO
Leader's Name: Chuck Wu
Conference Date: 8/18/2000
Start Time: 10:00 am Pacific Time
- OTC-Path 26-2000Summer Report update.doc | tim.belden@enron.com | robert.badeer@enron.com, jeff.richter@enron.com |
badeer-r/all_documents/102. | subject: Memorandum to stakeholders on distributed generation
content: Additional details regarding the meeting itself will be sent on Monday,
August 21, 2000.
-----Original Message-----
From: Sole, Jeanne
Sent: Friday, August 18, 2000 4:15 PM
To: Fuller, Don; Happ, Susan
Subject: Memorandum to stakeholders on distributed generation
Attached please find the document providing the basis for the meeting on
Distributed Generation scheduled for August 31.
Jeanne M. Sol,
Regulatory Counsel
California ISO
(916) 608-7144
____________________________________________________________________________
_______________________________________
The Foregoing e-Mail Communication (Together With Any Attachments Thereto)
Is Intended For The Designated Recipient(s) Only. Its Terms May Be
Confidential And Protected By Attorney/Client Privilege or Other Applicable
Privileges. Unauthorized Use, Dissemination, Distribution, Or Reproduction
Of This Message Is Strictly Prohibited.
- 8-18Memotostakeholders.doc | shapp@caiso.com | 20participants@caiso.com |
badeer-r/all_documents/103. | subject: CAISO NOTICE: Market Separation Study - Appendix C
content: Market Participants:
The Market Separation Study - Appendix C of the Comprehensive Market
Redesign (CMR) Recommendation is now posted to the CAISO website at
http://www.caiso.com/clientserv/congestionreform.html
Regards,
Byron Woertz
Director, Client Relations | cgrant@caiso.com | 20participants@caiso.com |
badeer-r/all_documents/104. | subject: CAISO Notification - IMPORTANT Expost 10 minute price informatio n
content: The Expost 10 minute price information for 6/15/00 hours 12-24 is now
posted in the Market Operations Exceptions Real Time area
http://www.caiso.com/marketops/OASIS/exceptions/ as a .csv file. If you have
any questions please contact Ginger Seitles at 916.351.4420.
CRCommunications
Client Relations Communications | crcommunications@caiso.com | 20participants@caiso.com, scsettlecontacts@caiso.com |
badeer-r/all_documents/105. | subject: nox meeting in portland
content: Rob,
We have the meeting set up for 1:30 pm. See you then.
Bob | robert.badeer@enron.com | rob.bakondy@enron.com |
badeer-r/all_documents/106. | subject: CAISO NOTICE: CMR Stakeholder Meeting Presentations available on
content: Market Participants:
The CMR Stakeholder Meeting Presentations for August 16-18 are all now
available on the CAISO website at
http://www.caiso.com/clientserv/congestionreform.html
As a reminder.....
Next Friday will be the next CMR Stakeholder Meeting. Please remember to
RSVP to Colleen Grant at (916)608-7069 or email cgrant@caiso.com, if you
plan to attend.
Meeting details soon to follow.
Regards,
Byron Woertz
Director, Client Relations | cgrant@caiso.com | 20participants@caiso.com |
badeer-r/all_documents/107. | subject: FW: Request for Bids - Contract for Generation Under Gas Curtailm
content: Bob, I'm able to open the document. Here it is again. Do you need me to
save it as word 95?
<<RFB-Gas 000817.doc>>
Keoni Almeida
California Independent System Operator
phone: 916/608-7053
pager: 916/814-7352
alpha page: 9169812000.1151268@pagenet.net
e-mail: <mailto:kalmeida@caiso.com>
> -----Original Message-----
> From: Le Vine, Debi
> Sent: Thursday, August 17, 2000 6:29 PM
> To: ISO Market Participants
> Subject: Request for Bids - Contract for Generation Under Gas
> Curtailment Conditions
>
> Attached is a Request for Bids to supply the California ISO with
> Generation under Gas Curtailment Conditions in the Los Angeles Basin for
> the winter of 2000-2001. Responses to the RFB are due by 5:00 p.m. on
> September 16, 2000. Any questions regarding the RFB should be directed to
> Brian Theaker at btheaker@caiso.com or (916) 608-5804.
>
> <<RFB-Gas 000817.doc>>
>
> Debi Le Vine
> Director of Contracts & Compliance
- RFB-Gas 000817.doc
- RFB-Gas 000817.doc | kalmeida@caiso.com | rbadeer@enron.com |
badeer-r/all_documents/108. | subject: Re: California contract language
content: No problem Tom. I'll get it to you today.
Bob | robert.badeer@enron.com | thomas.funk@msdw.com |
badeer-r/all_documents/109. | subject: Comments on CAISO Congestion Reform
content: Bob,
Attached is the document that I sent to the ISO last month.
Carl
- CAISO-CRM-Feedback-ENA-CFI-072800.doc | cfi1@tca-us.com | robert.badeer@enron.com |
badeer-r/all_documents/11. | subject: OPTIMUM
content: Good Afternoon,
Optimum has changed thier name to Natsource-Tullet. All trades with Optimum
will be needed to be input as Natsource - Tullett.
All deals done with Natsource need to be input as Natsource LLC
Thank you. | carla.hoffman@enron.com | tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com, |
badeer-r/all_documents/110. | subject: Request for Bids - Contract for Generation Under Gas Curtailment
content: Attached is a Request for Bids to supply the California ISO with Generation
under Gas Curtailment Conditions in the Los Angeles Basin for the winter of
2000-2001. Responses to the RFB are due by 5:00 p.m. on September 16, 2000.
Any questions regarding the RFB should be directed to Brian Theaker at
btheaker@caiso.com or (916) 608-5804.
<<RFB-Gas 000817.doc>>
Debi Le Vine
Director of Contracts & Compliance
- RFB-Gas 000817.doc | dlevine@caiso.com | 20participants@caiso.com |
badeer-r/all_documents/111. | subject: Re: SDG&E Offer
content: ---------------------- Forwarded by Mary Hain/HOU/ECT on 08/17/2000 02:26 PM
---------------------------
Karen Denne@ENRON
08/17/2000 02:13 PM
To: James D Steffes/HOU/EES@EES
cc: Steven J Kean/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON, Jeff
Dasovich/SFO/EES@EES, Tim Belden/HOU/ECT@ECT@EES, Mary Hain/HOU/ECT@ECT@EES,
Richard Shapiro/HOU/EES@EES
Subject: Re: SDG&E Offer
We need to be careful how we position this. I'm concerned that this may be
perceived as Enron re-entering the residential market -- even though we're
proposing to supply SDG&E rather than direct end-use customers. How does
this compare to the other eight offers SDG&E has received?
James D Steffes@EES
08/17/2000 01:38 PM
To: Steven J Kean/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON, Jeff Dasovich/SFO/EES@EES, Tim Belden/HOU/ECT@ECT,
Mary Hain/HOU/ECT@ECT, Richard Shapiro/HOU/EES@EES
cc:
Subject: SDG&E Offer
Attached is a write-up of a presentation on making a "public" offer in
SDG&E's territory for supplying their residential load.
If we are to do this, we need to probably have something ready by late August.
Any comments?
---------------------- Forwarded by James D Steffes/HOU/EES on 08/17/2000
03:35 PM ---------------------------
Melinda McCarty@ENRON
08/17/2000 03:07 PM
To: James D Steffes/HOU/EES@EES
cc: Marcia A Linton/NA/Enron@Enron
Subject: Presentation
Just in case you need this for future reference. I played with it and gave
it a simple look. (You can always delete if you don't like it.)
mm | mary.hain@enron.com | robert.badeer@enron.com |
badeer-r/all_documents/112. | subject: Enron's transmission/power exchange model for discussion
content: ---------------------- Forwarded by Mary Hain/HOU/ECT on 08/17/2000 02:15 PM
---------------------------
James D Steffes@EES
08/17/2000 01:04 PM
To: Mary Hain/HOU/ECT@ECT
cc: Christi L Nicolay/HOU/ECT@ECT
Subject: Enron's transmission/power exchange model for discussion
Mary --
Please send out the same information to Western traders. We would like
everyone to continue to consider the "shortcomings" of this model.
Christi, please make sure that Mary is kept in the loop on this and Project
e-trans as much as possible.
Thanks.
Jim
---------------------- Forwarded by James D Steffes/HOU/EES on 08/17/2000
03:02 PM ---------------------------
From: Christi L Nicolay@ECT on 08/17/2000 02:33 PM
To: Kevin M Presto/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT, Edward D
Baughman/HOU/ECT@ECT, Terri Clynes/HOU/ECT@ECT, Dave
Mangskau/Corp/Enron@Enron, Doug Sewell/HOU/ECT@ECT, Oscar Dalton/HOU/ECT@ECT,
Zachary Sampson/NA/Enron@ENRON, Mike Curry/HOU/ECT@ECT, David
Fairley/HOU/ECT@ECT, Steve Walton/HOU/ECT@ECT, Richard Ingersoll/HOU/ECT@ECT,
Jeff Brown/HOU/EES@EES, Dan Staines/HOU/ECT@ECT, Tom
Delaney/Corp/Enron@Enron, Joe Hartsoe/Corp/Enron@Enron, Sarah
Novosel/Corp/Enron@Enron, James D Steffes/HOU/EES@EES, Charles
Yeung/HOU/ECT@ECT, Ron McNamara/NA/Enron@Enron, Robin Kittel/HOU/EES@EES,
Janine Migden/DUB/EES@EES, Kerry Stroup/DUB/EES@EES, Steve
Montovano/DUB/EES@EES, wibbie@compuserve.com., Tom May/Corp/Enron@Enron,
Rogers Herndon/HOU/ECT@ect, John Zufferli/HOU/ECT@ECT, Jeff
King/Corp/Enron@Enron, Mitch Robinson/Corp/Enron@Enron, tabors@tca-us.com,
dwatkiss@bracepatt.com, sbuchheit@bracepatt.com, Mark Dana Davis/HOU/ECT@ECT,
Richard Shapiro/HOU/EES@EES, Steven J Kean/HOU/EES@EES, Howard
Fromer/HOU/EES@EES, Daniel Allegretti/HOU/EES@EES, Tom Hoatson/HOU/EES@EES,
John D Suarez/HOU/ECT@ECT, Paul J Broderick/HOU/ECT@ECT, Robert
Frank/HOU/EES@EES, Harry Kingerski/HOU/EES@EES, Robert
Stalford/NA/Enron@Enron, Bill Rust/HOU/ECT@ECT, Tom Dutta/HOU/ECT@ECT,
Patrick Hanse/HOU/ECT@ECT, Corry Bentley/HOU/ECT@ECT, Robert
Benson/Corp/Enron@ENRON, John Berger/HOU/ECT@ECT, Mike
Carson/Corp/Enron@Enron, Doug Gilbert-Smith/Corp/Enron@ENRON, Clint
Dean/Corp/Enron@Enron, John Llodra/Corp/Enron@ENRON, George
Wood/Corp/Enron@Enron, Janelle Scheuer/HOU/ECT@ECT, Kyle Schultz/HOU/ECT@ECT,
Ashton Soniat/Corp/Enron@ENRON, Larry Valderrama/HOU/ECT@ECT, Greg
Woulfe/HOU/ECT@ECT, Alonzo Williams/HOU/ECT@ECT
cc:
Subject: Enron's transmission/power exchange model for discussion
Attached for comments/discussion is the gov't affairs' draft proposal for an
Enron model for RTOs. This includes the flowgate transmission rights model.
We are also working on a new open access tariff based on this model. RTO
proposals are due to FERC 10/15. Thanks. | mary.hain@enron.com | tim.belden@enron.com, sean.crandall@enron.com, mike.swerzbin@enron.com, |
badeer-r/all_documents/113. | subject: 350$ Cal PX bid cap resolution - passed 8/16 subject to FERC
content: Attached elow the artical is the Resolution
---------------------- Forwarded by Bruno Gaillard/SFO/EES on 08/17/2000
11:48 AM ---------------------------
<E._Jesus_Arredondo@calpx.com> on 08/17/2000 11:41:33 AM
To: bgaillar@enron.com
cc:
Subject: 2nd try...PX bid cap resolution RESOLUTION
Please keep in mind, until the FERC responds, there will be no changes to our
markets.
(See attached file: resolution bid caps august 16.doc)
Also FYI:
Dow Jones Newswires
CalPX To Ask FERC To Reduce Day-of, Day-Ahead Price Cap:
Board Caves In To Political Pressure
By Jason Leopold
LOS ANGELES--The California Power Exchange, the spot market where electricity
is
bought and sold in the state, approved a measure Wednesday seeking federal
authority to impose a
$350 per megawatt-hour bid cap on wholesale power prices in its day-of and
day-ahead markets.
Members of the CalPX's board of governors admitted that the measure was
approved
as a result of
intense political pressure being placed on the board by state lawmakers and
Gov.
Gray Davis.
"Not approving this is political suicide," said CalPX board member Carolyn
Keherein, who also serves
on the board of governors at the California Independent System Operator.
"We're
not changing
anything but the perception in the market."
The CalPX current cap on wholesale power prices in the day-of and day-ahead
market is set at $2,500,
but that is only a technical limitation of their computer system and has had
no
effect on power prices.
State lawmakers believe a price cap would stabilize high power prices being
passed on to retail
customers, most notably consumers in San Diego. Ratepayers there are paying
market-based rates for
electricity and have seen their utility bills nearly triple in the past two
months.
The price cap would need to be approved by the Federal Energy Regulatory
Commission before it goes
into effect at the Power Exchange. FERC has not indicated whether it would OK
the measure, but said
it would investigate it.
If you have any questions, please feel free to call me directly.
-eja
E. Jesus Arredondo
Manager, Corporate Communications
California Power Exchange
Tel. 626.537.3155
- resolution bid caps august 16.doc | bruno.gaillard@enron.com | sf.office@enron.com, marcie.milner@enron.com, paul.kaufman@enron.com, |
badeer-r/all_documents/114. | subject: DJ Calif Generators: `We Welcome Probe Into Power Market' - DJ Ca
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 08/17/2000 10:28
AM ---------------------------
Carla Hoffman
08/16/2000 09:09 AM
To: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Jeff
Richter/HOU/ECT@ECT, Phillip Platter/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT,
Diana Scholtes/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT, Matt
Motley/PDX/ECT@ECT, Mark Guzman/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark
Fischer/PDX/ECT@ECT
cc:
Subject: DJ Calif Generators: `We Welcome Probe Into Power Market' - DJ Ca
lif ISO Urges FERC To Reject Pwr Producers' Complaint
---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/16/2000 09:16
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
08/16/2000 06:11 AM
To: "Golden, Mark" <Mark.Golden@dowjones.com>
cc: (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ Calif Generators: `We Welcome Probe Into Power Market' - DJ Ca
lif ISO Urges FERC To Reject Pwr Producers' Complaint
12:15 GMT 16 August 2000
=DJ Calif Generators: `We Welcome Probe Into Power Market' (This article
was originally published Tuesday) By Jason Leopold OF DOW JONES
NEWSWIRES LOS ANGELES (Dow Jones)--When California Attorney General Bill
Lockyer completes his investigation into possible "collusion" in the
wholesale electricity market by generators, energy companies say he will
probably find the same thing Geraldo Rivera found in Al Capone's safe:
nothing. Still, those companies that own generation in the state say they
welcome the probe into the power market by Attorney General Bill Lockyer.
"We have done nothing wrong at all," said Tom Williams, spokesman for Duke
Energy North America (DUK). "Our plants have been running all summer long.
Prices are high throughout the west. We wouldn't invest $1.7 billion in new
generation and then try and rig the market." For the past two months,
utilities, lawmakers and other market participants have made allegations
that generators are manipulating the market and are largely responsible for
the price spikes. Locker's office said an investigation is still pending.
State regulators are also conducting their own investigation, the findings
of which will be submitted to the governor and the Federal Energy Regulatory
Commission by the end of the year. Allegations Said Unsubstantiated There
isn't a shred of evidence to support allegations, said Severing Borenstein,
director of the University of California, Berkley's, Energy Institute.
"There are no antitrust laws that state you can't charge a premium price for
power," Borenstein said. "Manipulation is a bad word. That's used in the
commodities market to find a loophole and take advantage of the rules. "I
would say this is exercising market power. ... If you want to charge high
prices you can. These are guys who play against each other every day. There
is no sort of collusion that would interest the justice department ... ."
The reason for the inquiry ordered By Gov. Gray Davis, he said, is as a
consequence of San Diego consumers being the first in the nation to pay
market-based rates for electricity. The high wholesale costs paid by
utility San Diego Gas & Electric, a unit of Sempra Energy (SRE), were passed
on to ratepayers and resulted in utility bills more than doubling. Gov.
Davis ordered the inquiry and asked federal regulators to conduct their own
investigation as well. Dynegy (DYN) President Steve Bergstrom also says
that an investigation "will turn up nothing." So why conduct one? "This is
a very politically charged issue," Bergstrom said. "When something goes
wrong you have to find someone to point the finger at." A source in the
governor's office said Davis is aware that Attorney General Lockyer's
investigation may turn up nothing, but Gov. Davis "has a responsibility to
his constituents." Supply vs. Demand What the investigation will turn up
is evidence that there is a shortage of power in the state and not enough
power plants being built to meet increasing demand, said Terry Winter,
chairman and chief executive officer of the California Independent System
Operator. Winter said he doesn't believe that there is anything wrong with
the way generators sell their power and 98% of the time the market works
well. "Is it market abuse to bid at the price cap ($250 per megawatt-hour)
knowing that you're 1,000 MW short? I have trouble identifying that as
market power abuse," Winter said. Despite some proposed regulatory changes,
such as bid caps on wholesale energy prices and a rate freeze for SDG&E
customers, Duke Energy, Dynegy, Southern Co. (SO) and Reliant (RLI) all
still plan to invest in generation in the state. That's a different stance
than the companies took a month ago when the ISO reduced the wholesale price
cap in the real-time market to $250/MWh. "At the end of the day the market
is short power and you got to get people to build new generation," said
Dynegy's Bergstrom. "We got a big investment in California. We're not
walking away from that." -By Jason Leopold, Dow Jones Newswires;
323-658-3874; jason.leopold@dowjones.com Copyright (c) 2000, Dow Jones &
Company Inc
12:15 GMT 16 August 2000 DJ Calif ISO Urges FERC To Reject Pwr Producers'
Complaint
(This article was originally published Tuesday)
WASHINGTON (Dow Jones)--California's power grid administrator Monday urged
federal regulators to reject a complaint from power producers seeking
compensation in the event out-of-state power transactions are curtailed
during an extreme power grid emergency.
The independent system operator told the Federal Energy Regulatory
Commission that the power producers seek compensation in the event of a
"situation that never has occurred any time since the ISO began operations,
and if it were to occur in the future, would do so rarely."
The ISO noted that its tariff governing access to the state's grid already
allows for compensation in the event of curtailed exports, and decried the
power producers' complaint as "a collateral attack" on a previous FERC order
rejecting claims that the tariff failed to provide adequate compensation.
Curtailing scheduled power transactions and exports would be a last resort
measure taken only after other options have been exhausted, the ISO said.
The power producers should adjust their contracts to factor in the risk of
interruption in the event of a state-wide grid emergency, the ISO said.
The ISO's objections were echoed by the state's electricity distribution
utilities and California regulators.
They complained that the power producers are merely trying to get out from
under the price controls the ISO has imposed in an effort to rein in
skyrocketing power prices this summer.
The generators "knew when they purchased California power plants and when
they entered into their export contracts that the ISO could alter their
schedules in an emergency. For them to ask the commission to make it even
more expensive, and hence, more difficult, for the ISO to maintain grid
reliability in California is irresponsible," said Southern California
Edison, a unit of Edison International (EIX).
"The complaint is a sham," declared the California Public Utilities
Commission.
"The true intent of the complaint ... is to avoid the ISO price caps by
making sales to affiliates or cooperating entities located out of state, and
sell the power back to the ISO at uncapped prices reflecting the generators'
market power," the PUC said, calling for FERC to summarily reject the
complaint.
"The complaint is factually unsupported, legally unfounded, complains of
conduct consistent with the ISO's authority under pertinent FERC decisions,
and seeks to avoid the price cap," the PUC said.
But power marketers and other power producers voiced support for the
complaint, filed Aug. 3 by Reliant Power Generation Inc. (REI), Dynegy Power
Marketing Inc. (DYN) and Southern Energy California (SO).
"By subjecting curtailed energy transactions to its maximum purchase price
of $250, and simply ignoring the financial impact on sellers, the Cal ISO
would be overtly discriminating against export transactions and market
participants who schedule energy for export," said the Electric Power Supply
Association, the national trade group representing competitive power
producers.
"It is critical that power producers ... know with certainty that the
curtailment of scheduled energy exports by Cal ISO will be compensated,"
said Morgan Stanley Capital Group Inc.
"Now that the ISO Governing Board has lowered purchase price caps to $250,
it is significantly more likely that the curtailment of exports will occur
more frequently. Less energy will be imported into California and more
energy will leave California in search of higher prices," said Williams
Energy Marketing & Trading Co. in support of the complaint's call for actual
damages and lost opportunity costs.
At least one power purchaser voiced support for the producers' position as
well.
"It seems a very basic point that if the Cal ISO must divert the
transactions of others to meet its own loads, that is should pay the full
costs of doing so," said the Northern California Power Agency.
-By Bryan Lee, Dow Jones Newswires; 202-862-6647; bryan.lee@dowjones.com
Copyright (c) 2000, Dow Jones & Company Inc
G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel. 609.520.7067
Fax. 609.452.3531
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.
<<Gunther Pergher (E-mail).vcf>>
- Gunther Pergher (E-mail).vcf | robert.badeer@enron.com | tim.belden@enron.com |
badeer-r/all_documents/115. | subject: CAISO ADS Notification: ADS II Kickoff (Automated Dispatching Sy
content: ISO Automated Dispatching System (ADS) Project Distribution List:
The ISO will host an "Automated Dispatching System Phase II" project kickoff
and informational working session on Thursday, August 24, 2000, from 9 AM
through Noon, at the Lake Natoma Inn, Folsom. A Continental Breakfast will
be served.
Please RSVP to Colleen Grant, ISO Client Relations at 916-608- 7069 or
e-mail Cgrant@caiso.com .
Each Market Participant should send its designated principle contact or
liaison for this California ISO ADS Phase II project session. As an
alternative, we will have a conference bridge open, number to follow.
The ISO ADS Project Phase II Management Team of Kristine Kelley and Greg
Ford will be introduced at this kickoff session. We will also review the
ADS project history and progress to date, review business requirements and
functionality improvements for the next release of ADS, conduct a Q & A
session, and receive Market Participant feedback on the project.
A preliminary project scope and detailed agenda will follow, by August 18.
Attached, for your information, are the slides from the ADS Phase II
presentation given at the August 9 MIF meeting.
<<ADS MIF 0809.ppt>>
Thank you for your continued participation in the development of electronic
dispatch for the California ISO. Implementation of the next version of ADS
is imperative to help assure efficient, accurate dispatch of Real Time
energy, and the associated notification, logging and energy settlement.
Greg Ford
California ISO
Market Operations
(916) 351-2344
gford@caiso.com
Kyle T. Hoffman, (916) 608-7057
Client Relations, California ISO
Internet: Khoffman@caiso.com
Fax: (916) 608-7074
- ADS MIF 0809.ppt | khoffman@caiso.com | adsproject@caiso.com |
badeer-r/all_documents/116. | subject: CA ISO / CAL PX Information Related to 2000 Market Activity
content: Tim/Bob:
Attached is the letter that we sent to Lynch explaining the info we thought
ought to be made publicly available. We're discussing how we can ensure that
the market has access to any and all information that FERC might use in its
"investigation" so that independent analyses might be undertaken. Is there
anything in addition to the information we included in the letter to Lynch
(or that is already be publicly available) that FERC might use in its
investigation and that we ought to target for public release? Thanks alot.
Best,
Jeff
---------------------- Forwarded by Jeff Dasovich/SFO/EES on 08/16/2000 04:14
PM ---------------------------
James D Steffes
08/16/2000 04:02 PM
To: Joe Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Susan J
Mara/SFO/EES@EES, Mary Hain/HOU/ECT@ECT, Jeff Dasovich/SFO/EES@EES
cc: Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Paul
Kaufman/PDX/ECT@ECT
Subject: CA ISO / CAL PX Information Related to 2000 Market Activity
We need to come up (very quickly) with a strategy on how to get the market
information that will be important for FERC Investigation into the public
arena.
I keep thinking that FERC can require the information and somehow get it made
public right away.
1. What information is not public that would be helpful?
2. What strategy will work to get FERC to take action?
Jim | jeff.dasovich@enron.com | sarah.novosel@enron.com, james.steffes@enron.com |
badeer-r/all_documents/117. | subject: Confirmation Template for CAISO Firm Energy Trades
content: Here it is:
Shari Stack
Enron North America, Legal Department
Tel: (713) 853-9477 | shari.stack@enron.com | robert.badeer@enron.com |
badeer-r/all_documents/118. | subject: CAISO NOTIFICATION - UPDATE ON INTER-SC TRADES ADJUSTMENT BID PRO
content: UPDATE ON INTER-SC TRADES ADJUSTMENT BID PROJECT TIMELINE
Market Participants:
Market Participants, through TSWG, have expressed concern about the
currently scheduled release time between 10 minute settlements and Inter-SC
Trade Adjustment Bid functionality. As a result of the delay to
implementation of 10 minute settlements, the release time frame has
decreased from the original 1 month to approximately 2 weeks. Understanding
these timing concerns, the ISO has decided to delay the implementation of
Inter-SC Trade Adjustment Bid.
Therefore, the ISO is revising the implementation target date for Inter-SC
Trade Adjustment Bid until the first week of October 1, 2000. Following is
an updated project timeline.
Prior to the ISO making this decision, feedback from both business and
technical sides of the Market Participants were taken into consideration.
It was determined that this later date will allow Market Participants
additional testing time to prepare for a successful implementation of the
Inter-SC Trade Adjustment Bid software.
CRCommunications
Client Relations Communications
PROJECT TIMELINE
Final SI/PMI templates to Market Participants 6/13/00
Parser Development 6/23/00 -
7/14/00
Draft Parser provided to Market Participants 7/13/00
SC Training
7/14/00
ISO internal integration testing 8/1/00 -
8/25/00
Market simulation 9/05/00
- 9/15/00
Additional SC Training 9/18/00 -
9/22/00
FERC Filing
(Week of) 9/18/00
Implementation (Week
of) 10/1/00 | crcommunications@caiso.com | 20participants@caiso.com, tswg@caiso.com |
badeer-r/all_documents/119. | subject: Update to the MIF Meeting Presentations on the ISO Website
content: An update of the Summer 2001 Preparedness MIF presentation has been posted
on the website. The update specifically addresses the Load Programs Schedule
with clarification for the Vendor meeting and the Participant meeting. The
link below will take you directly to the website.
http://www.caiso.com/docs/2000/06/12/200006121229457917.html
Don Fuller
Director, Client Relations
916-608-7055
DFuller@caiso.com | shapp@caiso.com | 20participants@caiso.com |
badeer-r/all_documents/12. | subject: CAISO NOTICE: CMR Comments
content: Market Participants:
Please direct all comments to the CMR Recommendation to the Board to Byron
Woertz at bwoertz@caiso.com
Thank You!
Byron Woertz
Director, Client Relations | cgrant@caiso.com | 20participants@caiso.com |
badeer-r/all_documents/120. | subject: DJ Calif Generators: `We Welcome Probe Into Power Market' - DJ Ca
content: ---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/16/2000 09:16
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
08/16/2000 06:11 AM
To: "Golden, Mark" <Mark.Golden@dowjones.com>
cc: (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ Calif Generators: `We Welcome Probe Into Power Market' - DJ Ca
lif ISO Urges FERC To Reject Pwr Producers' Complaint
12:15 GMT 16 August 2000
=DJ Calif Generators: `We Welcome Probe Into Power Market' (This article
was originally published Tuesday) By Jason Leopold OF DOW JONES
NEWSWIRES LOS ANGELES (Dow Jones)--When California Attorney General Bill
Lockyer completes his investigation into possible "collusion" in the
wholesale electricity market by generators, energy companies say he will
probably find the same thing Geraldo Rivera found in Al Capone's safe:
nothing. Still, those companies that own generation in the state say they
welcome the probe into the power market by Attorney General Bill Lockyer.
"We have done nothing wrong at all," said Tom Williams, spokesman for Duke
Energy North America (DUK). "Our plants have been running all summer long.
Prices are high throughout the west. We wouldn't invest $1.7 billion in new
generation and then try and rig the market." For the past two months,
utilities, lawmakers and other market participants have made allegations
that generators are manipulating the market and are largely responsible for
the price spikes. Locker's office said an investigation is still pending.
State regulators are also conducting their own investigation, the findings
of which will be submitted to the governor and the Federal Energy Regulatory
Commission by the end of the year. Allegations Said Unsubstantiated There
isn't a shred of evidence to support allegations, said Severing Borenstein,
director of the University of California, Berkley's, Energy Institute.
"There are no antitrust laws that state you can't charge a premium price for
power," Borenstein said. "Manipulation is a bad word. That's used in the
commodities market to find a loophole and take advantage of the rules. "I
would say this is exercising market power. ... If you want to charge high
prices you can. These are guys who play against each other every day. There
is no sort of collusion that would interest the justice department ... ."
The reason for the inquiry ordered By Gov. Gray Davis, he said, is as a
consequence of San Diego consumers being the first in the nation to pay
market-based rates for electricity. The high wholesale costs paid by
utility San Diego Gas & Electric, a unit of Sempra Energy (SRE), were passed
on to ratepayers and resulted in utility bills more than doubling. Gov.
Davis ordered the inquiry and asked federal regulators to conduct their own
investigation as well. Dynegy (DYN) President Steve Bergstrom also says
that an investigation "will turn up nothing." So why conduct one? "This is
a very politically charged issue," Bergstrom said. "When something goes
wrong you have to find someone to point the finger at." A source in the
governor's office said Davis is aware that Attorney General Lockyer's
investigation may turn up nothing, but Gov. Davis "has a responsibility to
his constituents." Supply vs. Demand What the investigation will turn up
is evidence that there is a shortage of power in the state and not enough
power plants being built to meet increasing demand, said Terry Winter,
chairman and chief executive officer of the California Independent System
Operator. Winter said he doesn't believe that there is anything wrong with
the way generators sell their power and 98% of the time the market works
well. "Is it market abuse to bid at the price cap ($250 per megawatt-hour)
knowing that you're 1,000 MW short? I have trouble identifying that as
market power abuse," Winter said. Despite some proposed regulatory changes,
such as bid caps on wholesale energy prices and a rate freeze for SDG&E
customers, Duke Energy, Dynegy, Southern Co. (SO) and Reliant (RLI) all
still plan to invest in generation in the state. That's a different stance
than the companies took a month ago when the ISO reduced the wholesale price
cap in the real-time market to $250/MWh. "At the end of the day the market
is short power and you got to get people to build new generation," said
Dynegy's Bergstrom. "We got a big investment in California. We're not
walking away from that." -By Jason Leopold, Dow Jones Newswires;
323-658-3874; jason.leopold@dowjones.com Copyright (c) 2000, Dow Jones &
Company Inc
12:15 GMT 16 August 2000 DJ Calif ISO Urges FERC To Reject Pwr Producers'
Complaint
(This article was originally published Tuesday)
WASHINGTON (Dow Jones)--California's power grid administrator Monday urged
federal regulators to reject a complaint from power producers seeking
compensation in the event out-of-state power transactions are curtailed
during an extreme power grid emergency.
The independent system operator told the Federal Energy Regulatory
Commission that the power producers seek compensation in the event of a
"situation that never has occurred any time since the ISO began operations,
and if it were to occur in the future, would do so rarely."
The ISO noted that its tariff governing access to the state's grid already
allows for compensation in the event of curtailed exports, and decried the
power producers' complaint as "a collateral attack" on a previous FERC order
rejecting claims that the tariff failed to provide adequate compensation.
Curtailing scheduled power transactions and exports would be a last resort
measure taken only after other options have been exhausted, the ISO said.
The power producers should adjust their contracts to factor in the risk of
interruption in the event of a state-wide grid emergency, the ISO said.
The ISO's objections were echoed by the state's electricity distribution
utilities and California regulators.
They complained that the power producers are merely trying to get out from
under the price controls the ISO has imposed in an effort to rein in
skyrocketing power prices this summer.
The generators "knew when they purchased California power plants and when
they entered into their export contracts that the ISO could alter their
schedules in an emergency. For them to ask the commission to make it even
more expensive, and hence, more difficult, for the ISO to maintain grid
reliability in California is irresponsible," said Southern California
Edison, a unit of Edison International (EIX).
"The complaint is a sham," declared the California Public Utilities
Commission.
"The true intent of the complaint ... is to avoid the ISO price caps by
making sales to affiliates or cooperating entities located out of state, and
sell the power back to the ISO at uncapped prices reflecting the generators'
market power," the PUC said, calling for FERC to summarily reject the
complaint.
"The complaint is factually unsupported, legally unfounded, complains of
conduct consistent with the ISO's authority under pertinent FERC decisions,
and seeks to avoid the price cap," the PUC said.
But power marketers and other power producers voiced support for the
complaint, filed Aug. 3 by Reliant Power Generation Inc. (REI), Dynegy Power
Marketing Inc. (DYN) and Southern Energy California (SO).
"By subjecting curtailed energy transactions to its maximum purchase price
of $250, and simply ignoring the financial impact on sellers, the Cal ISO
would be overtly discriminating against export transactions and market
participants who schedule energy for export," said the Electric Power Supply
Association, the national trade group representing competitive power
producers.
"It is critical that power producers ... know with certainty that the
curtailment of scheduled energy exports by Cal ISO will be compensated,"
said Morgan Stanley Capital Group Inc.
"Now that the ISO Governing Board has lowered purchase price caps to $250,
it is significantly more likely that the curtailment of exports will occur
more frequently. Less energy will be imported into California and more
energy will leave California in search of higher prices," said Williams
Energy Marketing & Trading Co. in support of the complaint's call for actual
damages and lost opportunity costs.
At least one power purchaser voiced support for the producers' position as
well.
"It seems a very basic point that if the Cal ISO must divert the
transactions of others to meet its own loads, that is should pay the full
costs of doing so," said the Northern California Power Agency.
-By Bryan Lee, Dow Jones Newswires; 202-862-6647; bryan.lee@dowjones.com
Copyright (c) 2000, Dow Jones & Company Inc
G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel. 609.520.7067
Fax. 609.452.3531
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.
<<Gunther Pergher (E-mail).vcf>>
- Gunther Pergher (E-mail).vcf | carla.hoffman@enron.com | tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com, |
badeer-r/all_documents/121. | subject: DJ Calif ISO Exceeded $250 Cap In Off-system Buys -Sources
content: ---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/16/2000 08:36
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
08/16/2000 08:16 AM
To: "Leopold, Jason" <Jason.Leopold@dowjones.com>
cc: (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ Calif ISO Exceeded $250 Cap In Off-system Buys -Sources
15:13 GMT 16 August 2000 DJ Calif ISO Exceeded $250 Cap In Off-system Buys
-Sources
NEW YORK (Dow Jones)--The California Independent System Operator had to pay
more than its stated maximum price of $250 a megawatt-hour this week due to
short supplies of electricity in the western U.S. amid high air-conditioning
demand, according to market sources.
Under its price cap rules, the ISO is allowed to exceed its cap in
"out-of-market" purchases, which is when it purchases power in deals
arranged directly with sellers over the phone, rather than through its usual
computer-based purchasing system. The current cap was lowered to $250/MWh
from $500/MWh starting August 7.
The ISO wouldn't confirm that it had to pay more than $250 Monday.
"We're not going to reveal whether this is happening, or at what price,"
spokeswoman Stephanie McCorkel told Dow Jones Newswires. "For the sake of
protecting consumers, we will keep our price strategy confidiential. But any
out-of-market purchase above the cap is very rare."
On Sunday, the ISO agreed to pay about $350/MWh at Palo Verde to a southwest
utility for on-peak Monday power, according to a trader for the utility, who
spoke on the condition of anonymity. Bilateral trades not involving the ISO
were done as high as $375/MWh Monday afternoon in the real-time market.
Other market sources said that the ISO exceeded its cap again Tuesday
afternoon, when several major California generating units were be taken off
line for unplanned repairs, and the real-time market rose to $500/MWh for
one hour at Palo Verde. Those purchases couldn't be confirmed with sellers.
According to its price cap rule, "Such reduced cap shall not apply to
out-of-market calls placed by management to out-of-state generator
resources."
Some market participants say that regular out-of-market purchases above
$250/MWh could persuade suppliers to not offer power to the ISO via its
computer-based system, which has plateaued at $250/MWh for most of both
Monday and Tuesday afternoons.
And owners of generating stations in California say there is no
justification for giving preferential treatment to out-of-state generators.
-Mark Golden; Dow Jones Newswires 201-938-4604;
mark.golden@dowjones.com
Copyright (c) 2000, Dow Jones & Company Inc
G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel. 609.520.7067
Fax. 609.452.3531
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.
<<Gunther Pergher (E-mail).vcf>>
- Gunther Pergher (E-mail).vcf | carla.hoffman@enron.com | tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com, |
badeer-r/all_documents/122. | subject: BFM
content: Bob,
Two things:
1. Send these sentence to the Cal Px:
"Enron thinks that the elimination of physical risk during the month of
August will be of commercial benefit because Enron expects that during the
month of August there will be transmission line derations affecting the hour
ahead market which will lead to TO debit charges by the CAISO. The
elimination of TO debit charges is a commercial benefit to Enron. "
I will call them and discuss this with them when I get back on next Tuesday.
2. Do not do any financial BF trades in September. Let's sort it back
through with them. The letter is surprising and we need to figure out why
they sent it. One month of financial at 50% is ok, but lets not do any more
till we talk to them. ----cgy | christian.yoder@enron.com | robert.badeer@enron.com |
badeer-r/all_documents/123. | subject: MIF Presentations
content: The presentations from the Market Issues Forum meeting of August 9 are now
available at our website. The link below should take you there automatically
but if you have problems, the presentation is located under Client
Services/Meetings & Training/Market Issues Forum.
http://www.caiso.com/docs/2000/06/12/200006121229457917.html
Sue Happ
Administrative Assistant
Client Relations
(916) 608-7059
shapp@caiso.com | shapp@caiso.com | 20participants@caiso.com |
badeer-r/all_documents/124. | subject: LARS Meeting Update
content: The LARS meeting, scheduled for August 21, will be at CA ISO in Folsom,
conference room 101A 1a & b from 10:00 a.m. to 4:00 p.m. If you cannot
attend, there will be conference call access at 877-670-4098, Pass code:
129329.
Sue Happ
Administrative Assistant
Client Relations
(916) 608-7059
shapp@caiso.com | shapp@caiso.com | 20participants@caiso.com |
badeer-r/all_documents/125. | subject: Enron Air Consultants
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 08/15/2000 11:04
AM ---------------------------
Janel Guerrero@ENRON
08/15/2000 10:37 AM
To: Kevin McGowan/Corp/Enron@ENRON, Robert Badeer/HOU/ECT@ECT
cc: John Massey/HOU/ECT@ECT
Subject: Enron Air Consultants
Kevin/Bob:
Here is a quick rundown on the consultants that Sam Wehn and his team have
been using in their efforts to obtain ERCs in the CA market. If you have
questions, or would like to see their resumes/bios let me know.
Joan Heredia, Woodward-Clyde Consultants
805-964-6010 x127
Joan is a project engineer in the field of Air Quality Mangement. She has
previously worked for the County of Santa Barbara Air Pollution Control
District from 1985-1990. In her current position, she provides regulatory
compliance expertise with an emphasis in the areas of air quality and
hazardous waste management. Joan has various regulatory agency interaction
with California's Air Quality Districts and the EPA. Her experience includes:
Prepared air permit applications at 3 bulk gasoline distribution terminals.
Public meeting participation and response to public inquiries concerning air
pollution control policies and procedures.
Air dispersion modeling and health risk assssment for contaminated soil
remediation projects.
Air emission control device efficiency analysis.
Emissions evaluation for boilers, flares, internal combustion engines,
turbines.
Served as the lead coordinator for a consortium of power generation companies
(AES, Enron, US Gen, Reliant and Calpine) in developing comments on the South
Coast Air Quality Management District Turbine BACT guidelines.
Project manager for all environmental permitting associated with the
development of a 500 MW merchant power plant in AZ.
Project manager for a 500 MW gas-fired turbine merchant power plant.
Prepared emission scenarios to facilitate operational flexibility and managed
the air quality impact assessment. Prepared NSR/PSD permit application for
submittal to the Bay Area Air District. Participated in public hearings and
served as expert witness for CEC testimony. Participated in numerous
negotation meetings with the EPA, CARB, and Bay Area Air Quality Mangement
District for the development permit condition language.
Joan is a member of the Air and Waste Management Association. She has a B.S.
in Chemical Engineering from University of California, Santa Barbara and an
M.S. in Environmental Engineering from California Polytechnic State
University.
Mike Hadari, self-employed consultant
cell: 310-710-9299
Mike worked with John Palmisano (former Enron employee), Josh Margolis
(Cantor-Fitzgerald Brokerage Services) on several trading-related air
programs. Mike is currently assisting EES on some GHG issues. He has a
heavy technical background (Combustion Energy Engineer) that has focused on
high efficiency combustion and energy-related projects. Mike worked at the
San Jouaquin Air District for 2 years, and has worked at other consulting
firms before starting his own consulting operation. Mike was one of 20
people who worked on the development of the RECLAIM program in the SCAQMD.
He has a broad range of expertise that includes technical, regulatory and
trading experience. He has negotiated with a number of air districts. He is
currently devoting about 95 % of his time today to Enron (EES and ENA). He
is also involved in reporting functions for the CA ERC and RECLAIM programs.
Barry Ogilby, Attorney, McCutchen, Doyle, Brown & Enersen
415-393-2496
Barry is in McCutchen's environmental, litigation and energy law practice
groups. He has been involved with environmental compliance, litigation and
regulatory matters at the federal and state levels for than 25 years.
He was in house counsel for Exxon for 15 years, While at Exxon, he provided
commercial litigation support to Exxon's marketing, refining, pipeline
transportation, and oil and gas production operations. He was appointed by
the Governor of CA to serve on the State's Oil Spill Technical Advisory
Committee.
He represents clients on a national basis on matters related to marine
transportation, the Clean Air Act (inlcuding project development and
compliance), and the Clean Water Act. He has extensive experience in federal
and state compliance actions related to air and water laws and new permitting
requirements. He often represents clients before federal and state
regulatory agencies regarding alleged violations of environmental laws and in
support of client efforts to obtain necessary environmental and land-use
permits for new projects.
Barry is a member of the ABA, and has served as an adjunct law professor in
environmental and land-use law. He received his J.D. from the University of
Memphis and his B.S. Degree in engineering/geology from the University of
KY. He is admitted to practice in CA, TX, TN and KY.
McCutchen's Environmental and Land Use Group consists of 70 lawyers in four
offices. They represent landowners and developers, basic and high technology
manufacturing companies, transportation companies, trade associations and
governmental entities. Members of McCutchen's Environmental Group who
specialize in Air Quality have experience in: New Source Review:
Non-attainment and PSD ; State Air Permits ; Title V Operating Permits ; New
Source Performance Standards ; Stationary Controls ; RECLAIM ; Reporting
Obligations ; and Emissions Banking among other things.
Kurt Marquald and Peter Okurowski, California Environmental Associates
415-421-4213
Kirk is the Founder and Principal of CEA. He has worked on CA energy and
environmental regulatory issues for over 18 years. He has led large-scale
regulatory reform and strategic planning projects for major manufacturing and
transportation companies as well as trade associations and law firms. Prior
to establishing CEA, Kirk served as teh Under Secretary of CA Natural
Resources Agency as Director of the Office of Appropriate Technology. He
managed budget and policy initiatives at the Agency's 9 departments. He has
resolved policy conflicts between departments, cabinet officers, legislators,
companies, and private citizens. He has also worked as a consultant to the
Environmental Defense Fund on issues related to energy, water and hazardous
materials. Kirk has a M.S. in Natural Resources Policy and Mangement from
teh University of MI and a B.A. from Trinity College.
Peter is a Senior Associate at CEA with broad experience in technical,
political, and legal analysis on air pollution issues. He works with clients
to strategically manage their position in ongoing federal, state and local
rulemaking activities. He analyzes data and policy proposals to help clients
develop the appropriate level of regulatory action. Prior to joining CEA, he
worked for four years at the U.S. EPA office of Mobile Sources in Ann Arbor,
MI. He developed regulatory text and helped to form public policy for EPA's
economic incentive programs and emissions trading programs. Peter holds a
J.D. from Indiana University and a B.A. in Economics from the University of
MI.
Overall, CEA has assisted clients on numerous environental issues. CEA
Actions in the air emissions credit trading arena include:
assisting the client in managing permit and emission reduction credit issues
at a facility slated for closure;
performing analysis of possible excess credit streams under various business
assumptions;
intervening with the SCAQMD to resolve issues adversely impacting a client's
emission credit allocations;
educating the client as to possible trading and brokerage strategies; and
assisting the client in the auction of credits. | robert.badeer@enron.com | tim.belden@enron.com |
badeer-r/all_documents/126. | subject: Meeting with John Lavorato
content: meeting with John Lavorato | robert.badeer@enron.com | |
badeer-r/all_documents/127. | subject: Enron Air Consultants
content: Kevin/Bob:
Here is a quick rundown on the consultants that Sam Wehn and his team have
been using in their efforts to obtain ERCs in the CA market. If you have
questions, or would like to see their resumes/bios let me know.
Joan Heredia, Woodward-Clyde Consultants
805-964-6010 x127
Joan is a project engineer in the field of Air Quality Mangement. She has
previously worked for the County of Santa Barbara Air Pollution Control
District from 1985-1990. In her current position, she provides regulatory
compliance expertise with an emphasis in the areas of air quality and
hazardous waste management. Joan has various regulatory agency interaction
with California's Air Quality Districts and the EPA. Her experience includes:
Prepared air permit applications at 3 bulk gasoline distribution terminals.
Public meeting participation and response to public inquiries concerning air
pollution control policies and procedures.
Air dispersion modeling and health risk assssment for contaminated soil
remediation projects.
Air emission control device efficiency analysis.
Emissions evaluation for boilers, flares, internal combustion engines,
turbines.
Served as the lead coordinator for a consortium of power generation companies
(AES, Enron, US Gen, Reliant and Calpine) in developing comments on the South
Coast Air Quality Management District Turbine BACT guidelines.
Project manager for all environmental permitting associated with the
development of a 500 MW merchant power plant in AZ.
Project manager for a 500 MW gas-fired turbine merchant power plant.
Prepared emission scenarios to facilitate operational flexibility and managed
the air quality impact assessment. Prepared NSR/PSD permit application for
submittal to the Bay Area Air District. Participated in public hearings and
served as expert witness for CEC testimony. Participated in numerous
negotation meetings with the EPA, CARB, and Bay Area Air Quality Mangement
District for the development permit condition language.
Joan is a member of the Air and Waste Management Association. She has a B.S.
in Chemical Engineering from University of California, Santa Barbara and an
M.S. in Environmental Engineering from California Polytechnic State
University.
Mike Hadari, self-employed consultant
cell: 310-710-9299
Mike worked with John Palmisano (former Enron employee), Josh Margolis
(Cantor-Fitzgerald Brokerage Services) on several trading-related air
programs. Mike is currently assisting EES on some GHG issues. He has a
heavy technical background (Combustion Energy Engineer) that has focused on
high efficiency combustion and energy-related projects. Mike worked at the
San Jouaquin Air District for 2 years, and has worked at other consulting
firms before starting his own consulting operation. Mike was one of 20
people who worked on the development of the RECLAIM program in the SCAQMD.
He has a broad range of expertise that includes technical, regulatory and
trading experience. He has negotiated with a number of air districts. He is
currently devoting about 95 % of his time today to Enron (EES and ENA). He
is also involved in reporting functions for the CA ERC and RECLAIM programs.
Barry Ogilby, Attorney, McCutchen, Doyle, Brown & Enersen
415-393-2496
Barry is in McCutchen's environmental, litigation and energy law practice
groups. He has been involved with environmental compliance, litigation and
regulatory matters at the federal and state levels for than 25 years.
He was in house counsel for Exxon for 15 years, While at Exxon, he provided
commercial litigation support to Exxon's marketing, refining, pipeline
transportation, and oil and gas production operations. He was appointed by
the Governor of CA to serve on the State's Oil Spill Technical Advisory
Committee.
He represents clients on a national basis on matters related to marine
transportation, the Clean Air Act (inlcuding project development and
compliance), and the Clean Water Act. He has extensive experience in federal
and state compliance actions related to air and water laws and new permitting
requirements. He often represents clients before federal and state
regulatory agencies regarding alleged violations of environmental laws and in
support of client efforts to obtain necessary environmental and land-use
permits for new projects.
Barry is a member of the ABA, and has served as an adjunct law professor in
environmental and land-use law. He received his J.D. from the University of
Memphis and his B.S. Degree in engineering/geology from the University of
KY. He is admitted to practice in CA, TX, TN and KY.
McCutchen's Environmental and Land Use Group consists of 70 lawyers in four
offices. They represent landowners and developers, basic and high technology
manufacturing companies, transportation companies, trade associations and
governmental entities. Members of McCutchen's Environmental Group who
specialize in Air Quality have experience in: New Source Review:
Non-attainment and PSD ; State Air Permits ; Title V Operating Permits ; New
Source Performance Standards ; Stationary Controls ; RECLAIM ; Reporting
Obligations ; and Emissions Banking among other things.
Kurt Marquald and Peter Okurowski, California Environmental Associates
415-421-4213
Kirk is the Founder and Principal of CEA. He has worked on CA energy and
environmental regulatory issues for over 18 years. He has led large-scale
regulatory reform and strategic planning projects for major manufacturing and
transportation companies as well as trade associations and law firms. Prior
to establishing CEA, Kirk served as teh Under Secretary of CA Natural
Resources Agency as Director of the Office of Appropriate Technology. He
managed budget and policy initiatives at the Agency's 9 departments. He has
resolved policy conflicts between departments, cabinet officers, legislators,
companies, and private citizens. He has also worked as a consultant to the
Environmental Defense Fund on issues related to energy, water and hazardous
materials. Kirk has a M.S. in Natural Resources Policy and Mangement from
teh University of MI and a B.A. from Trinity College.
Peter is a Senior Associate at CEA with broad experience in technical,
political, and legal analysis on air pollution issues. He works with clients
to strategically manage their position in ongoing federal, state and local
rulemaking activities. He analyzes data and policy proposals to help clients
develop the appropriate level of regulatory action. Prior to joining CEA, he
worked for four years at the U.S. EPA office of Mobile Sources in Ann Arbor,
MI. He developed regulatory text and helped to form public policy for EPA's
economic incentive programs and emissions trading programs. Peter holds a
J.D. from Indiana University and a B.A. in Economics from the University of
MI.
Overall, CEA has assisted clients on numerous environental issues. CEA
Actions in the air emissions credit trading arena include:
assisting the client in managing permit and emission reduction credit issues
at a facility slated for closure;
performing analysis of possible excess credit streams under various business
assumptions;
intervening with the SCAQMD to resolve issues adversely impacting a client's
emission credit allocations;
educating the client as to possible trading and brokerage strategies; and
assisting the client in the auction of credits. | janel.guerrero@enron.com | kevin.mcgowan@enron.com, robert.badeer@enron.com |
badeer-r/all_documents/128. | subject: DJ Calif Pwr Producers Urge FERC Reject Price Cap Petition
content: ---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/15/2000 08:17
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
08/15/2000 06:33 AM
To: "Golden, Mark" <Mark.Golden@dowjones.com>, "Leopold, Jason"
<Jason.Leopold@dowjones.com>
cc: (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ Calif Pwr Producers Urge FERC Reject Price Cap Petition
12:15 GMT 15 August 2000
DJ Calif Pwr Producers Urge FERC Reject Price Cap Petition (This article
was originally published Monday) WASHINGTON (Dow Jones)--California power
producers urged federal regulators Monday to reject a petition for price
caps in the state, arguing that intervention in the market would be
counterproductive by discouraging needed investment in new power supplies.
The petition was filed Aug. 2 with the U.S. Federal Energy Regulatory
Commission by San Diego Gas & Electric Co., a unit of Sempra Energy (SRE).
It alleges that California's first-in-the-nation competitive power market
suffers from design and structural problems. Surging power prices plaguing
the state this summer "do not reflect legitimate forces of supply and
demand," SDG&E said, calling on FERC to impose across-the-board electricity
price caps in California of $250 per megawatt-hour indefinitely until the
market flaws are corrected. But the power producers rejected SDG&E's
analysis of the market problems as "simplistic," and called the imposition
of price caps on all California power sales an unwarranted response to the
power supply shortage. "SDG&E asks the commission to take unreasonable and
unprecedented action that would effectively rescind every California
supplier's authority to sell energy and ancillary services at market-based
rates," complained Southern Energy California, a subsidiary of Southern Co.
(SO). "A strict cap will only exacerbate the current supply shortages in
California," Southern Energy and the other power suppliers argued. "The
imposition of this cap by FERC may discourage power developers from choosing
to serve California markets," said Dynegy Power Marketing Inc. (DYN). "The
cap may also convince (electricity users they) need not participate in
load-reduction programs, since paying the $250 price cap is cheaper than
shedding load," Dynegy told the commission. "The imposition of caps on
every California market, and the increased uncertainty as to when - if ever
- they might be removed, sends precisely the wrong message to potential
suppliers of energy in California," Southern Energy said. The arguments of
the individual power producers in the state were echoed by the Electric
Power Supply Association, the national trade group representing competitive
power producers and marketers. Imposing price caps in California's volatile
electricity prices would "suffocate markets" and do nothing to address the
chronic power-supply shortages causing prices to spike, EPSA told FERC.
"The relief SDG&E seeks would actually prolong and intensify California's
difficulties," EPSA said. Price caps would discourage electricity imports
and investment in new power plants to supply the state, while discouraging
price risk management, liquidity and accurate price signals, EPSA said.
FERC has already allowed the California Independent System Operator to cap
the price it is willing to pay for power, which it uses to assure the grid
operates properly and to make up "energy imbalances" on the system. The ISO
recently lowered its purchase price cap to $250 per megawatt-hour. The SDG&E
petition asks FERC to extend that cap to the state's power exchange, or PX,
which operates as a clearinghouse for wholesale power sales in California.
"A PX bid cap is unnecessary because the ISO purchase price cap has
historically acted as a de facto cap on the PX markets," Dynegy told FERC.
-By Bryan Lee, Dow Jones Newswires; 202-862-6647;
bryan.lee@dowjones.com
Copyright (c) 2000, Dow Jones & Company Inc
G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel. 609.520.7067
Fax. 609.452.3531
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.
<<Gunther Pergher (E-mail).vcf>>
- Gunther Pergher (E-mail).vcf | carla.hoffman@enron.com | tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com, |
badeer-r/all_documents/129. | subject: PX Letter
content: Please see the attached. Christian, could you coordinate the writing of this
letter.
---------------------- Forwarded by Tim Belden/HOU/ECT on 08/15/2000 06:27 AM
---------------------------
Enron Capital & Trade Resources Corp.
From: <Roxana_M_Khayyam@calpx.com> 08/14/2000
03:45 PM
To: TBelden@Enron.com
cc: PGillman@SCHIFFHardin.com, Seth_E_Wilson@calpx.com
Subject: Letter
Please read the attached letter from Mr. Karl Marlantes.
(See attached file: letter to Enron re BFM.doc)
- letter to Enron re BFM.doc | tim.belden@enron.com | robert.badeer@enron.com, christian.yoder@enron.com |
badeer-r/all_documents/13. | subject: ISO To Participate in Super Peak Market
content: FYI
---------------------- Forwarded by Mary Hain/HOU/ECT on 08/29/2000 01:33 PM
---------------------------
Jeff Dasovich@EES
08/29/2000 08:33 AM
To: Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Tim
Belden/HOU/ECT@ECT, James D Steffes/HOU/EES@EES, Mona L
Petrochko/SFO/EES@EES, Susan J Mara/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES,
mpalmer@enron.com, Karen Denne/Corp/Enron@ENRON, David Parquet/SF/ECT@ECT,
Roger Yang/SFO/EES@EES
cc:
Subject: ISO To Participate in Super Peak Market
---------------------- Forwarded by Jeff Dasovich/SFO/EES on 08/29/2000 10:32
AM ---------------------------
Gary Ackerman <foothi19@idt.net> on 08/26/2000 04:21:58 PM
Please respond to foothi19@idt.net
To: Bill Ross <billr@calpine.com>, Bob Anderson <Robert_Anderson@apses.com>,
Carolyn Baker <cabaker@duke-energy.com>, Corby Gardin
<jcgardin@newwestenergy.com>, Curtis Kebler
<Curtis_L_Kebler@reliantenergy.com>, Denice Cazalet <dcazalet@apx.com>, Gene
Waas <glwaas@calpx.com>, Greg Blue <gtbl@dynegy.com>, Jack Pigott
<jackp@calpine.com>, Ken Czarnecki <Ken_J_Czarnecki@calpx.com>, Kent
Wheatland <KEWH@dynegy.com>, "Klemstine, Barbara A(F56661)"
<barbara_klemstine@apses.com>, Randy Hickok <rjhickok@duke-energy.com>, Rob
Lamkin <rllamkin@seiworldwide.com>, Rob Nichol <rsnichol@newwestenergy.com>,
robert berry <berry@apx.com>, Roger Pelote <rpelote@energy.twc.com>, Sue Mara
<smara@enron.com>, curt hatton <curt.Hatton@gen.pge.com>, Jeff Dasovich
<jdasovic@enron.com>, Dan Douglass <douglass@arterhadden.com>, Al Parsons
<alp@ncpa.com>, Bob Reilley <rreilley@coral-energy.com>, Brian Jobson
<bjobson@smud.org>, Dave Nuttall <dn@ui.com>, Edmond Chang <echang@wapa.gov>,
Ken Lackey <Kenneth_Lackey@EdisonMission.com>, Linda Hamilton
<lhamilton@avistaenergy.com>, Mark Tallman <mark.tallman@pacificorp.com>,
"Richard H. Counihan" <counihan@greenmountain.com>, Sheryl Lambertson
<sslambertson@pplmt.com>, Steve Fisher <stephen_fisher@transalta.com>, Steve
Ponder <steve_ponder@fpl.com>, Tom Breckon <tom@ncpa.com>, "Wolfe, Don -
PGSO-5" <dvwolfe@bpa.gov>, Chuck Goligoski <cgoligoski@avistaenergy.com>,
Elaine Walsh <Elaine@citizenspower.com>, Duane Nelsen <dnelsen@gwfpower.com>,
Reggie Howard <rhoward@reliantenergy.com>, Tim Belden
<tbelden@ect.enron.com>, Dave Francis <DFRA@dynegy.com>
cc:
Subject: ISO To Participate in Super Peak Market
Folks,
Late Friday afternoon Ziad called me. The ISO Governing Board earlier
the same day turned down the ISO management's request to force SCs to
place 95% of their scheduled load in the DA market. That leaves the ISO
little choice but to venture into the energy markets to procure power to
cover their peak hours on hot days.
Terry gave Ziad the OK to proceed with placing both the APX and
California PX screens for this new product/matching-service. I am
working with the two vendors and the ISO to make this happen quickly.
We anticipate that the market will open on Tuesday, September 5, or
earlier.
Key people who you may need to contact:
ISO - Ziad Alaywan 916-351-2140 (Nancy Traweek and Jim McIntosh are
also in the loop)
PX - Ken Czarnecki 626-537-3123
PX - John Yurkanin 626-537-3124
APX - Denice Cazalet 408-517-2123
APX - Michael Heinrich 408-517-2159
Please feel free to contact me with your questions. Several of you have
not had the opportunity to attend the pre-design meetings we had at the
California PX and APX a few weeks ago, nor were you aware of the joint
WPTF/ISO meeting held last week. But in essence, what this
product/matching-service will allow you to do is post bids to sell, or
buy a 6-hour block of capacity at a firm energy price across the hours
of HE13 to HE18. You can bid at COB, Mead, PV, SP15 or NP15. You can
utilize either the CalPX or APX to post your bids, because the ISO will
be watching both screens. The block sizes are (supposed to be) 25MW.
The seller is responsible for arranging transmission to the delivery
point, and the buyer (e.g., ISO) is responsible for arranging
transmission service from the delivery point. The ISO will make its
purchase decisions for the day-of at or before 8:00 a.m. The ISO will
send out a general notice when it needs offers to sell on the super-peak
market. I expect that bids for either buy or sell will be able to be
posted at any time, 24 hours. The screens should allow parties to post
buy or sell bids at least 60 days forward of the trade day.
You are not limited to a price cap in these markets, but the ISO as a
buyer has the right to not purchase at prices above it's price cap.
I think WPTF members should be very proud that we were able to quickly
work together, and with the ISO to create this market. I have no doubt
the ISO will be offering bids to purchase starting Sept 5, and going
forward 60 days. However, who among you will be willing and able to
post bids to sell?
gba | mary.hain@enron.com | chris.foster@enron.com, john.forney@enron.com, jeff.richter@enron.com, |
badeer-r/all_documents/130. | subject: Code of Ethics
content: As Enron employees, we are responsible for conducting the business affairs =
of=20
the Company in accordance with all applicable laws and in a moral and hones=
t=20
manner.
To make certain that we understand what is expected of us, Enron has adopte=
d=20
certain policies, approved by the Board of Directors, which are in the Code=
=20
of Ethics July 2000, formerly known as the Enron Conduct of Business=20
Affairs. This year, we=01,ve made some revisions to our Code of Ethics to=
=20
address recent policies approved by the Board of Directors and adopted by=
=20
Enron. These changes include: =20
=01 Principles of Human Rights have been added, which describe Enron=01,s=
=20
responsibility to conduct itself according to basic tenets of human behavio=
r=20
that transcend industries, cultures, economics, and local, regional and=20
national boundaries (see pg. 4);
=01 Additional information about our Business Ethics policy about legal=20
contracts, the selection of outside counsel, and disparaging remarks made b=
y=20
employees about Enron (see pg. 12);
=01 Additional information about Enron=01,s policy on confidential informa=
tion and=20
trade secrets (see pg. 14);
=01 A decrease in the number of days computer passwords are valid under En=
ron=01,s=20
policy on communication services and equipment (see pg. 35);
=01 Additional information about criminal penalties and civil fines assess=
ed by=20
the US government under the Foreign Corrupt Practices Act (see pg. 50); and
=01 Additional language regarding Enron=01,s policy on conflicts of intere=
sts,=20
investments, and outside business interests of employees (see pg. 57). =20
The Code of Ethics contains commonsense rules of conduct that most employee=
s=20
practice on a day-to-day basis. However, I ask that you read them carefull=
y=20
and completely to make certain that you are complying with these policies. =
=20
It is absolutely essential that you fully comply with these policies in the=
=20
future. If you have any questions, I encourage you to discuss them with yo=
ur=20
supervisor or Enron legal counsel.
In next few weeks, you will receive the Code of Ethics July 2000 booklet an=
d=20
a Certificate of Compliance, which you must sign as a statement of your=20
agreement to comply with the policies stated in the Code of Ethics booklet=
=20
during your employment with Enron. You may do this in one of two ways:
=01 Select the Code of Ethics option located at eHRonline.enron.com and=20
complete the Certificate of Compliance.
=01 Sign and return the Certificate of Compliance to Elaine Overturf, Depu=
ty=20
Corporate Secretary, Enron Corp. 1400 Smith Street, EB4836, Houston, Texas=
=20
77002-7369.
Thank you for your cooperation and for all you do to make Enron a successfu=
l=20
company. | office.chairman@enron.com | all.worldwide@enron.com |
badeer-r/all_documents/131. | subject: DJ POWER CUTS: Blackouts Lead Firms To Examine Power Supply
content: ---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/14/2000 02:14
PM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
08/14/2000 12:53 PM
To: "Golden, Mark" <Mark.Golden@dowjones.com>, "Leopold, Jason"
<Jason.Leopold@dowjones.com>
cc: (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ POWER CUTS: Blackouts Lead Firms To Examine Power Supply
18:34 GMT 14 August 2000
=DJ POWER CUTS: Blackouts Lead Firms To Examine Power Supply By Christina
Cheddar Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--For several hours on
June 14, around 97,000 power customers in San Francisco's Bay Area lost
electricity, as Pacific Gas & Electric Co. struggled to reduce its
overburdened network by taking accounts off line. Apple Computer Inc.
(AAPL) was one of the businesses left in the dark, along with other firms
and consumers in a five-county area, as the utility, a unit of PG&E Corp.
(PCG), rotated off blocks of 35,000 customers for 60 to 90 minutes at a time
after other attempts to reduce demand failed. Apple considers itself
relatively lucky because it was able to keep doing business that day thanks
to a contingency plan, according to spokeswoman Lynn Fox. Whether that
back-up plan includes buying in alternative electricity or some other means
Apple wouldn't say. What is sure is that as Silicon Valley expands through
the nation's most populous state - and California shows no sign of quickly
resolving its power problem - technology firms large and small are among
those businesses that stand to suffer financially from lost production time.
These big power consumers are spending a lot of money to back up their
regular electricity sources, industry observers said, and in some cases that
spending may be as much of a bottom-line factor as the power outages
themselves. Unreliable power costs the U.S. economy about $50 billion a
year, said Bernie Ziemianek, of EPRI, a Palo Alto, Calif., think-tank
focused on power issues and technology. Ziemianek thinks that figure - which
considers lost productivity and the cost of equipment and products damaged
during a power interruption - could double in the next three to five years
because of the growth of Internet-related activity and electronic commerce.
Mark Mills, co-author of the Digital Power Report, a trade newsletter,
believes that cost is already higher because the economy is increasingly
dependent on reliable power. It is no longer just hospitals and military
bases that can't do without uninterruptible power; semiconductor makers,
telecommunications providers and a host of other industries cannot do
without full-time electricity. By the end of the decade, Internet-related
activity and e-commerce could account for about 25% to 35% of the total U.S.
electric demand, said Raymond James analyst Frederick Schultz, compared with
about 8% in 1998. "The new U.S. economy can scarcely survive the annual
power outages and interrupted service problems that have plagued the power
grid over the past few years," Schultz said. Hot Days, Hot Economy -
And Hot Debate Although the California power outage made headlines across
the country, rolling blackouts in the state are about as rare as a
traffic-free Los Angeles freeway. Indeed, the state has never declared a
so-called Stage 3 emergency, which occurs when the statewide power reserve
falls below 1.5% and involuntary power interruptions may begin on a wide
scale. Rolling blackouts have been more common in the East Coast and the
Midwest, which are two areas that also are susceptible to storm-related
outages. While some industry watchers have faulted deregulation for the
struggle to meet power demand in California, others argue that hot weather
and robust economic growth are to blame. The truth probably lies somewhere
in the middle. A year ago, California's weather was cooler than usual, but
this year the state has had a hot summer. On June 14, the day of the Bay
Area blackout, the temperature in San Francisco reached 103 degrees, a level
not seen for 135 years. That spike, coupled with overall growth in
electricity usage, pushed the power grid to its limits. "Over a 10-year
period, this state will need 10,000 megawatts of additional energy to keep
up with the growth we are seeing now," said PG&E spokesman Greg Pruett.
Indeed, with hot summer weather, and new capacity still a long way off, the
number of Stage 2 emergencies California has declared is on the rise. In a
Stage 2 emergency, power reserves are below 5%, and many utilities begin to
contact accounts that have identified themselves as "interruptible
customers" and ask them to reduce their usage by set amounts. Those
so-called interruptible customers are typically commercial and industrial
accounts. By early August, the California Independent System Operator had
declared nine Stage 2 alerts, said Patrick Dorinson, a spokesman for the
nonprofit agency that manages most of the electricity flow around the state,
compared with one in 1999 and four in 1998. During a Stage 2 alert,
interruptible customers agree to cut their consumption, when asked, in
return for lower electricity rates, and often help to stave off the need to
resort to more serious measures such as rolling blackouts. However, it can
be a double-edged sword for the commercial customer, which can face steep
fines if it fails to comply with the order. Penalties can offset the savings
the company stands to gain from the program, and that's even before
accounting for the cost of lost productivity. Aerospace and defense giant
Boeing Co. (BA) and technology distributor Ingram Micro Inc. (IM) are two
companies operating facilities in California under the interruptible
customer program. During the first week of August, each was called upon to
reduce its power consumption. Both companies see the program as a way to act
as good members of the community while saving money. "The manufacturing of
a rocket takes two to three years," said Walt Rice, a spokesman at Boeing's
Huntington Beach, Calif., facility. "The impact (of a Stage 2 power
reduction) is fairly outweighed by the cost savings," he said. "We live in
a state where there is a high demand for electricity, we are doing things to
shed even a small amount of that demand," said Paul La Plante, senior vice
president of worldwide facilities for Ingram Micro. Still, company
officials admitted compliance isn't without inconvenience. Companies need to
work closely with utilities to determine the number of power interruptions
they can tolerate, Ziemianek said, but that determination can be difficult
to make. For example, while a semiconductor plant operator knows a mere
brownout can destroy a day's production and prepares for this event, the
operator of a commercial bakery may be unprepared for the disruption a
brownout can have on the microchips embedded in its machinery, Digital Power
Report's Mills said. Companies such as Silicon Graphics Inc. (SGI) and
Qwest Communications International Inc. (QWST) are spending more money on
systems either to back up, replace or supplement the electricity supplied
from the power grid than the entire electric industry is spending by a
factor of at least five, possibly 10, said Mills. "The stakes are too high,
if you are Nasdaq, a dotcom or a fab maker," he said. Other Power
Options For that reason, companies are trying to be savvier about their
power usage. Earlier this year, Oracle Corp. (ORCL) considered going off the
power grid entirely by building its own power generation facility. A
spokeswoman for the Redwood Shores, Calif., software company wouldn't
provide further details of the plan's progress. This option may seem
severe, but it's one reason why the makers of power turbines are faced with
extensive order backlogs, and it's also driving demand for uninterruptible
power supplies, such as those manufactured by companies like Emerson
Electric Co. (EMR), and for new power technologies such as fuel cells,
flywheels and microturbines - some of which are still years away from
commercial viability. Others, like Silicon Energy Co., are developing
products to allow utilities and their customers to better manage their
electric consumption. Silicon's software allow its users to track their
real-time electricity consumption. With this in mind, Mills suggests that
the real financial impact of power interruptions isn't the money companies
lose on these events, but the value of what companies are willing to spend
to cushion the blow of blackouts when they occur. -By Christina Cheddar,
Dow Jones Newswires; 201-938-5166; christina.cheddar@dowjones.com Copyright
(c) 2000, Dow Jones & Company Inc
G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel. 609.520.7067
Fax. 609.452.3531
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.
<<Gunther Pergher (E-mail).vcf>>
- Gunther Pergher (E-mail).vcf | carla.hoffman@enron.com | tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com, |
badeer-r/all_documents/132. | subject: 2000 Chairman's Award
content: Everyday heroes are all around us at Enron, living our core values of
Respect, Integrity, Communication and Excellence in everything they do. Some
of these heroes make a big splash while others just quietly make a difference
in the workplace around them. Either way, these special individuals deserve
to be recognized with a nomination for the 2000 Chairman's Award.
As there is more than just one employee living the values at Enron, this
award program will honor 10 employees as members of the Chairman's
Roundtable. From that group, the one individual most embodying our values
will be presented with the Chairman's Award at the Management Conference in
San Antonio in November.
The beauty of this award program is that it is completely employee-driven
from beginning to end. From your nominations, an international employee
committee will select the Chairman's Roundtable and eventually, the
Chairman's Award winner. Your role of nominating our everyday heroes is
extremely vital to the program's success. If someone has made a positive
impression on you, please take the time to complete a nomination form and
send it to Charla Reese by October 1, 2000. You may click here for a
printable form: http://home.enron.com/announce/chairman_nom/form3.doc
For more information on the Chairman's Award, including details on last
year's Roundtable members and previous winners, Repit Suliyono and Bobbye
Brown, please click here: http://home.enron.com/announce/chairman_nom
Again, this is a very special award at Enron and we sincerely thank you for
your participation.
Ken, Jeff and Joe | enron.announcements@enron.com | all.worldwide@enron.com |
badeer-r/all_documents/133. | subject: CAISO NOTICE: AGENDA for CMR Stakeholder Meeting August 16-18
content: Market Participants:
Attached please find the Agendas for the upcoming CMR Stakeholder Meetings,
being held August 16-18.
<<Agenda August 162000.rtf>> <<Agenda August 172000.rtf>> <<Agenda August
182000.rtf>>
If you plan to attend these meetings, and would like to eat, please don't
forget to RSVP to Colleen Grant via email or telephone. cgrant@caiso.com or
(916)608-7069.
Regards,
Byron Woertz
Director, Client Relations
- Agenda August 162000.rtf
- Agenda August 172000.rtf
- Agenda August 182000.rtf | cgrant@caiso.com | 20participants@caiso.com |
badeer-r/all_documents/134. | subject: ISO Special 8.10.00 Report on Energy Market Issues and Performance:
content: ---------------------- Forwarded by Jeff Dasovich/SFO/EES on 08/11/2000 10:27
AM ---------------------------
Jeff Dasovich on 08/11/2000 10:26:23 AM
To: Paul Kaufman@EES, James D Steffes/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@Enron, Cynthia Sandherr/Corp/Enron@Enron, Richard
Shapiro/HOU/EES@EES, Mary Hain@ENRON_DEVELOPMENT, Karen
Denne/Corp/Enron@Enron, Peggy Mahoney/HOU/EES@EES, mpalmer@enron.com, Susan J
Mara/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES,
Sarah Novosel/Corp/Enron@Enron, Bruno Gaillard/SFO/EES@EES
cc:
Subject: ISO Special 8.10.00 Report on Energy Market Issues and Performance:
May-June, 2000
FYI. The ISO Dept. of Market Analysis Released a rather hefty "special
report" yesterday. The URL is attached.
Among other things, it concludes that, despite the lack of generation
concentration
in California, market power in times of shortage has been partially
responsible for the price spikes.
"The observed market power was the combined effect of the bidding activity of
in-state and out-of-state generation sources....
The high prices bid by out-of-state suppliers as well as the high prices
quoted to ISO's out-of-market calls are indications of
the market power of out-of-state suppliers"...[A]t high load conditions, even
suppliers with less than a 9% market share can
have significant market power."
http://www.caiso.com/pubinfo/recent.html | jeff.dasovich@enron.com | dennis.benevides@enron.com, roger.yang@enron.com, douglas.condon@enron.com |
badeer-r/all_documents/135. | subject: DJ Rising Electricity Prices Could Be Wild Card In July CPI
content: ---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/11/2000 10:18
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
08/11/2000 09:59 AM
To: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
cc: (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ Rising Electricity Prices Could Be Wild Card In July CPI
16:55 GMT 11 August 2000 =DJ Rising Electricity Prices Could Be Wild Card In
July CPI
By Henry J. Pulizzi
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--Now that gasoline prices are finally settling down,
economists say another energy component could prove to be a spoiler on the
government's main consumer inflation gauge.
Amid a shifting regulatory landscape and typical summertime price increases,
the nation's utilities appear to be boosting consumers' electricity bills
enough to skew the Labor Department's July consumer price index. Those gains
would partly offset the anticipated favorable influence of recently
declining gas prices.
"There is a real chance of starling increases in electricity prices over the
next month or two, thanks mostly to the bungled deregulation of the
industry," Ian Sheperdson, chief U.S. economist at High Frequency Economics
in Valhalla, N.Y., wrote in a recent report. "All the anecdotal evidence
from the West and East Costs suggests consumers are reeling from sudden
double - and in some cases triple - digit percentage increases in their
bills."
First Union economist Mark Vitner agreed: "It is a potential trouble spot,
it is a particular problem in the West." In California, where no new power
plants have been built in a decade, the private companies that purchased
plants from the state's utilities have been raising prices in response to
strong demand and dwindling supply.
The impact of the cost increases will be revealed Wednesday, when the Labor
Department releases the July CPI next Wednesday.
Economists generally expect the figures to point to a continued tame
inflation scenario - a 0.1% overall monthly increase, featuring declining
clothing, computer and gas prices is forecast. Labor Department economist
Patrick Jackman said recent statistics suggest gas prices fell 3% to 3.5%
last month. That would mark a departure from June, when soaring prices at
the nation's gas stations contributed to a big 0.6% spike in the CPI.
Rising Demand, Surging Prices
But electricity, which represents 2.5% of the entire index, will be a wild
card in the coming report.
Electricity costs usually rise in the summer as consumers pay more for the
juice that powers their air conditioners. This summer is no different,
Vitner said, adding that utilities have even more pricing power than normal.
"Overall demand for electricity has been rising. All this high-tech
equipment uses a lot of electricity," Vitner said.
Indeed, prices rose 0.8% in June after seasonal adjustments. Before those
adjustments, prices surged a whopping 6.6% during the month.
As for a July increase, Jackman said "it certainly is a possibility. The
question is how are the seasonal factors are going to handle it."
Sheperdson, however, believes it's clear that electricity costs are on the
rise. "Three factors are driving prices higher," he said. "First, flaws in
the auction system set up after deregulation effectively allow the
generating companies to manipulate prices at times of high demand. Second,
the economic boom means that periods of high demand are much more common
than was anticipated at the time of deregulation, so generators have more
opportunity to extract premium prices from distributors and, hence,
consumers. Third, little new electricity-generating capacity has been added
in recent years."
Producer prices, which Sheperdson says provide a good guide to movements in
the CPI, may offer ominous insight into the potential consumer electricity
price gains. Residential electric power prices on the producer level rose
faster in July than at any point since January 1991.
And they aren't expected to slow down anytime soon. August could be
especially problematic because higher electricity costs will coincide with
another pickup in gas prices and continued gains in natural gas prices,
Vitner said.
"We have no idea how far the CPI measure of residential electricity prices
could rise, but there must be a good chance that substantial increases will
be recorded," Sheperdson said. "With natural gas prices also climbing again,
following a dip in July, it may take a while before energy ceases to push
inflation higher."
-Henry J. Pulizzi; Dow Jones Newswires; 202-862-9255;
henry.pulizzi@dowjones.com Copyright (c) 2000, Dow Jones & Company Inc
G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel. 609.520.7067
Fax. 609.452.3531
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.
<<Gunther Pergher (E-mail).vcf>>
- Gunther Pergher (E-mail).vcf | carla.hoffman@enron.com | tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com, |
badeer-r/all_documents/136. | subject: CAISO Notice: Aug. 23rd SDG&E/Valley-Rainbow Stakeholder Meeting
content: > Market Participants and Stakeholders:
>
> The draft agenda on the detailed studies being conducted for the
> Valley-Rainbow 500 kV Project as well as draft summer peak and spring
> shoulder peak base cases have been posted on the Cal-ISO web page
> http://www.caiso.com/thegrid/planning/sdge500kvtrans.html.
>
> Please submit your comments no later than August 17, 2000 to Linda Brown
> [LPBrown@SDGE.com] and Catalin Micsa [cmicsa@caiso.com].
>
> The final base cases will be presented at the stakeholder meeting
> scheduled for August 23, 2000 in San Diego.
>
> Thank you.
>
> Catalin Micsa
> Grid Planning
> California ISO
> | dfuller@caiso.com | 20participants@caiso.com |
badeer-r/all_documents/137. | subject: CAISO Notice: August 31 Distributed Generation Meeting
content: To Market Participants:
At the Market Issues Forum yesterday, Jeanne Sole led the presentation on
Distributed Generation, presenting the initial ISO thinking based on recent
proceedings and feedback from participants. In the context of the CPUC
proceeding on distributed generation, the ISO has identified ISO
requirements that should be clarified or revised to accommodate distributed
generation. The ISO has scheduled a meeting on August 31 , in Folsom,
from 10:30 AM -3 PM to discuss its initial ideas on
clarifications/revisions. The ISO invites entities interested in discussing
these ideas and other ideas related to distributed generation to attend. It
is our schedule now to take this issue to the Governing Board in October.
The ISO will distribute information on its initial ideas along with more
information on the location of the meeting by Friday August 18.
Don Fuller
Director, Client Relations | dfuller@caiso.com | 20participants@caiso.com |
badeer-r/all_documents/138. | subject: FW: CAISO Notice: Posting of Key ISO Documents
content: > Market Participants,
>
> The ISO has posted the following key documents on the ISO WEB Page:
>
> 1. ISO Response to CPUC/EOB Summer 2000 Report to the Governor
>
> 2. ISO Action Plan to Accelerate Demand Response, Generation, and
> Transmission Projects
>
> 3. ISO Report on California Energy Issues and Performance: May-June 2000
> (DMA)
>
> 4. ISO Testimony provided today to the California State Legislature by
> Terry Winter, President and CEO
>
> We encourage your review of all of these items.
>
> Item 1 is located at: http://www.caiso.com/ (At the bottom of the white
> bar)
>
> Items 2-4 are located at: http://www.caiso.com/pubinfo/recent.html
>
> Don Fuller,
> Director, Client Relations | shapp@caiso.com | 20participants@caiso.com |
badeer-r/all_documents/139. | subject: Re: Robert Gramlich
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 08/10/2000 11:49
AM ---------------------------
To: Tim Belden/HOU/ECT@ECT
cc:
Subject: Re: Robert Gramlich
any day works | robert.badeer@enron.com | lysa.akin@enron.com |
badeer-r/all_documents/14. | subject: CAISO NOTICE: Final CMR Recommendation to the Board of Governors
content: Market Participants:
The final CMR Recommendation to the Board of Governors is now available for
your review and comments at
http://www.caiso.com/clientserv/congestionreform.html The template for your
comments is forthcoming.
The deadline for your comments to be returned to CAISO has been extended to
Thursday, August 31, close of business. For those that may have their
comments ready before the deadline, please feel free to email them in.
Regards,
Byron Woertz
Director, Client Relations | cgrant@caiso.com | 20participants@caiso.com |
badeer-r/all_documents/140. | subject: Re: Robert Gramlich
content: any day works | robert.badeer@enron.com | tim.belden@enron.com |
badeer-r/all_documents/141. | subject: DMA White Paper on Price Cap Extension
content: Market Participants,
Yesterday at the Market Issues Forum, we presented a discussion on long-term
price cap authority. This is a matter for discussion now because the
previously granted authority from FERC expires on Nov. 15, 2000. Attached
is the white paper discussing this topic. We will seek Board approval on
this matter at the September 6-7 Board meeting. If you have comments on
this paper, please forward them to Keith Casey at kcasey@caiso.com.
Don Fuller
Director, Client Relations
> <<DMA.Price-Cap.Aug10.final.doc>>
>
>
- DMA.Price-Cap.Aug10.final.doc | dfuller@caiso.com | 20participants@caiso.com |
badeer-r/all_documents/142. | subject: CAISO NOTIFICATION: Request For Comments Regarding Adjustable Int
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 08/10/2000 09:29
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: CRCommunications <CRCommunications@caiso.com>
08/09/2000 12:19 PM
To: ISO Market Participants
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=ISO+20MARKET+20PARTI
CIPANTS@caiso.com>
cc: TSWG <TSWG@caiso.com>
Subject: CAISO NOTIFICATION: Request For Comments Regarding Adjustable Int
er-SC trades.
> As a result of the delay to 10 minute settlements, members of the SC's
> technical development staff via TSWG have expressed strong concern about
> the short time between the scheduled release of 10 minute settlements and
> adjustable inter-SC trades functionality. Adjustable inter-SC trades are
> currently scheduled for September 11 release. The adjustable inter-SC
> trade functionality was identified by Market Participants as a very
> important functionality that should be released ASAP. Prior to the ISO
> making any final decisiions on propsoed schedule changes rollout of the
> adjustable inter-SC trade functionality, the ISO is seeking additional
> feedback from both the business and technical sides of the Market
> Participants. Please provide your recommendation and any impact a
> change of scheduled rollout of 2-3 weeks for adjustable inter-SC trades
> would have on your business and systems to Jim Blatchford by Friday,
> August 11.
>
> Mark Rothleder
> Manager of Market Operations
> CAISO | robert.badeer@enron.com | jeff.richter@enron.com |
badeer-r/all_documents/143. | subject: Re: Updating records...
content: Her last name is Smock | robert.badeer@enron.com | teri.whitcomb@enron.com |
badeer-r/all_documents/144. | subject: Deregulation: `Conspiracy of Incompetence' Even if energy prices
content: Deregulation: `Conspiracy of Incompetence'
Even if energy prices are being manipulated, it may not be illegal
David Lazarus, Chronicle Staff Writer
STATE -- Profit-hungry power companies may be manipulating California's
electricity prices, industry insiders say, but the attorney general will have
a tough time finding a smoking gun in his price-fixing probe. Even if he does
prove that electricity generators are ``gaming'' the market with a variety of
price-influencing techniques, it's a whole other matter as to whether their
actions violate the law.
State legislators will attempt to shed some light on this murky matter during
hearings today in Sacramento.
What they will quickly discover is that power companies are having a field
day as California muddles through deregulation of its electricity market.
Among other things, power generators are said to be rigging electricity
auctions and holding back juice until higher demand drives up wholesale
prices, representing perhaps the single most glaring example of gaming, or
price-fixing, the market.
However, the generators aren't the only ones to blame for the current mess.
``This has literally been a conspiracy of incompetence,'' said Michael
Shames, executive director of the Utility Consumers' Action Network, a San
Diego grass- roots organization. ``Almost every player has made major
mistakes or a series of mistakes.''
Utilities, he said, are also to blame for whopping price increases by
mishandling power purchases. Meanwhile, state and federal regulators have
demonstrated a virtually unwavering reluctance to weigh in and help stabilize
electricity rates.
At the same time, legislators themselves share some of the blame for
California's energy woes by drafting rules for the deregulated market that
are too easily bent, if not broken.
``All the market participants are taking advantage of very lax rules,'' said
Loretta Lynch, president of the California Public Utilities Commission. ``The
market is not competitive.''
As a stopgap, Gov. Gray Davis yesterday called on the PUC to cut San Diego
electricity prices in half over the next two years, although he was vague on
how this can be accomplished.
1996 DEREGULATION
When electricity deregulation was approved in 1996, the goal was to lower
prices by boosting competition.
In practice, however, only about a half-dozen power generators are now
responsible for as much as three-quarters of the state's energy supply, and
they can set prices pretty much as they see fit.
Officials at the California Power Exchange, the wholesale market where power
companies sell their juice and utilities go shopping, insist that they
closely monitor all transactions.
But they admit that it is impossible to know what may transpire among
generators off the trading floor.
``There are hundreds of ways that somebody could do it,'' exchange spokesman
Jesus Arredondo said of whether price-fixing is possible. ``You could argue
that it happens every day.
``But I don't see how you could call this gaming,'' he said. ``You call it
business.''
There's the rub. Although residents of San Diego, the first California city
to feel the full effects of deregulation, have seen average power bills more
than double over the past three months, power generators say this is simply a
result of supply and demand.
SUPPLY LIMITED, DEMAND RISING
With supply severely limited -- no major power plants have been built in the
state in a decade -- and demand rapidly rising, it is only natural, they say,
that electricity prices would go through the roof.
``It's a feast-or-famine business,'' said Gary Ackerman, executive director
of Menlo Park's Western Power Trading Forum, an energy industry group. ``You
make a lot of money when times are good, and lose a lot of money when times
are bad.''
At the moment, times are very good for power generators. An unusually hot
summer has combined with a booming, tech-fueled economy to push California's
power grid nearly to the breaking point on an almost daily basis.
The question is: Are power companies benefiting from what are, for them,
lucky circumstances, or are they making a bad situation even worse with
practices that may not be illegal but still could be viewed as highly
irresponsible?
FOUR WHOLESALE MARKETS
There are four major wholesale markets for electricity in California. The
biggest is called the daily forward market, where generators and utilities
meet each morning to buy and sell power on an hour-by-hour basis covering the
next 24 hours.
Electricity at times of expected low demand, such as 1 a.m., might go for as
little as $25 per megawatt, while electricity during peak demand -- 3 p.m. to
7 p.m. -- often sells for the maximum allowable amount, or $250 per megawatt.
Longer-term contracts are negotiated on what is called the block forward
market, where prices are more stable.
But, industry sources say, power companies are increasingly focusing more on
the hourly and real-time markets, where the potential for profit is greater
than on the daily forward market because buyers have less room to maneuver --
they have to meet immediate demand.
``Of course people are gaming the market,'' said Dan Richard, senior vice
president of Pacific Gas and Electric Co. ``They know when to make bids and
how to get what they want. Is that illegal? I honestly don't know.''
Brian Rahman, who oversees the real-time wholesale market on behalf of the
California Independent System Operator, agreed that the legality of such
moves has yet to be determined.
``The power marketers know our rules,'' he said, ``and they use them to their
benefit.''
Even so, Power Exchange officials said they will tell legislators today that
their own study of wholesale electricity prices shows that California rates
in June and July were in fact lower than in other states.
``This makes it harder to make a case that market power is being exerted by
power generators,'' said the exchange's Arredondo. ``It's exceedingly
difficult to prove that there's market power.''
NO HEDGING IN SAN DIEGO
Meanwhile, San Diego Gas & Electric has been accused of adding to electricity
price volatility in the Southern California city by not securing long-term
contracts for energy at a steady rate -- a process known as ``hedging.''
Instead, the utility exposed its customers to daily price spikes, which
resulted in power bills surging skyward.
``San Diego is bearing the brunt (of deregulation) for a couple of reasons:
poor hedging and poor hedging,'' Arredondo said.
For its part, PG&E has said it learned its lesson from San Diego and will
make active use of hedging when its customers face the impact of
deregulation, perhaps as soon as next summer.
Davis called last week for Attorney General Bill Lockyer to investigate
``possible manipulation'' in the wholesale electricity market. He also has
asked federal regulators to rule that California's energy market is not
competitive and to mandate ``just and reasonable'' rates.
But regulators at both the federal and state levels so far have been
reluctant to act, preferring instead to allow deregulation to run its course.
For all these reasons, California's energy market has been especially
vulnerable to exploitation by those who may not have consumers' best
interests at heart.
``The system of responsibility is fragmented,'' the PUC's Lynch said, ``and
because it is fragmented, it allows various players to game the market.''
WHAT CAN BE DONE
The solution? It depends who you ask. Most of those on the energy playing
field believe that some degree of regulation is necessary to stabilize
electricity prices, but no one yet knows how far legislators should go in
drafting revised rules.
Increased generating capacity will go a long way toward solving California's
problems, but it will be years before enough new plants come online to bring
supply and demand into balance.
Today's hearings in Sacramento will presumably lay the groundwork for future
initiatives. Although few if anyone knows how to fix things, everyone at
least agrees that something -- anything -- needs to be done.
``Government messes things up a lot of times, and the private sector messes
things up a lot of times,'' said PG&E's Richard. ``But in the end, solutions
emerge because it's just too important. That's the case now.''
E-mail David Lazarus at davidlaz@sfgate.com.
******************************************************************************
******************************************************************************
*****
Gov. Davis Calls for Cut in Electricity Bills
PUC under no obligation to heed unclear request
David Lazarus, Lynda Gledhill, Greg Lucas, Chronicle Staff Writers
Thursday, August 10, 2000
,2000 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2000/08/10/B
U99453.DTL&type=business
Gov. Gray Davis yesterday called on the California Public Utilities
Commission to cut soaring San Diego electricity bills in half during the next
two years.
However, it was not clear how he expects the PUC to accomplish this goal or
whether the commission will even heed the governor's request. Davis does not
have the authority to order the PUC to act.
``This is not a rate freeze,'' Davis told reporters in Sacramento. ``It is a
rate-stabilization plan.''
It appears that what he has in mind is having San Diego Gas & Electric, the
local utility, level out power bills by spreading its wholesale costs over
longer periods. This would reduce customers' bills in the summer but raise
bills at other times of the year.
``This is an oraclelike document,'' Michael Shames, executive director of San
Diego's Utility Consumers' Action Network, said after reading a press release
outlining the governor's position. ``You can read almost anything into it.''
Calling electricity prices in San Diego exorbitant, Davis said he wants the
PUC to reduce average residential power bills from the current level of about
$120 a month to approximately $65.
``Electricity is the pulse of our economy,'' he said. ``Without it, consumers
and businesses are put at risk. California simply cannot afford any more
price spikes or blackouts.''
Carl Wood, a Davis appointee on the PUC, said he believes the governor is
seeking a so-called level pricing program for SDG&E customers. The PUC is
empowered to order the utility to implement such a program.
The utility itself already is urging ratepayers to adopt a similar pricing
plan, thereby paying consistent electricity fees throughout the year.
``We can't make the prices go away, but we can set up a system where the
prices are level and deferred,'' Wood said.
PUC President Loretta Lynch said she will call a special meeting of the
commission for August 21 to discuss the governor's proposal.
Davis' comments came ahead of a joint hearing today at 10 a.m. on
California's energy woes by the Senate and Assembly utilities committees in
the Capitol Building.
Also today, state Sen. Dede Alpert, D-Coronado (San Diego County), and
Assemblywoman Susan Davis, D-Kensington, are expected to introduce identical
bills seeking to roll back electricity rates in San Diego to prederegulation
levels.
``We appreciate what the governor has done, but we feel there needs to be a
parallel track in the Legislature where we find a solution for San Diego
ratepayers,'' Alpert said.
The governor said he will contact President Clinton and James Hoecker,
chairman of the Federal Energy Regulatory Commission, to urge them to
expedite an investigation of California's wholesale electricity market.
He also has called on Attorney General Bill Lockyer to probe suspected price
fixing by power generators.
``I believe in making a profit,'' Davis said. ``I believe in success. But
charging seven, eight, nine times the price you pay for electricity is simply
unconscionable. It's not fair to California. It will bring down our economy,
and it augers very poorly for America.''
Meanwhile, the U.S. Navy said it may sail to the rescue in San Diego by
bringing in its own electricity- generating equipment to keep its extensive
bases in the area humming.
The Navy is SDG&E's single biggest customer, drawing about 3 percent of the
utility's total output.
The Navy said in a statement that it is looking into transporting 10
750-kilowatt generators from its facility in Port Heuneme to San Diego.
For its part, the California Grocers Association said its members will reduce
electricity usage by 10 percent during periods of unusually heavy demand.
This could include lowering store lighting and cutting air conditioning at
some supermarkets.
``Although consumers may notice some differences while in their local
supermarket, the energy-saving measures will not affect normal store
operations,'' said Peter Larkin, president of the association. ``Also, none
of these measures will have a negative impact on food safety or quality.'' | jeff.dasovich@enron.com | richard.shapiro@enron.com, sandra.mccubbin@enron.com, |
badeer-r/all_documents/145. | subject: Re: Governor's Press Conference -- Shot Across the Bow
content: There appears to be a pattern forming. The administration seems to make a=
=20
scene just prior to large events (e.g., Davis' letters calling for wholesal=
e=20
caps just prior to the ISO Board vote, and now this on the eve of the joint=
=20
Assembly/Senate hearing scheduled for today).
In other late-breaking news. On the heels of this press conference, I=20
received late last evening from Loretta Lynch's chief of staff a copy of a=
=20
proposed decision Lynch will release today reversing last Thursday's decisi=
on=20
rejecting (0-5) retail price caps in San Diego. The draft decision she=20
proposes would establish an "interim" retail rate cap only for SDG&E=20
residential and small commercial customers. She proposes to use a "balanci=
ng=20
account" to finance the cap. Though it looks like the "interim" cap would=
=20
extend through December 2003, there is one place in the decision that state=
s=20
the cap should only extend through December 2000.
"Karen Edson" <kedson@ns.net> on 08/09/2000 06:58:13 PM
To: "Baker Carolyn (E-mail)" <cabaker@duke-energy.com>, "Bill Carlson=20
(E-mail)" <william_carlson@wastemanagement.com>, "Bill Woods (E-mail)"=20
<billw@calpine.com>, "Curt Hatton (E-mail)" <curt.hatton@gen.pge.com>,=20
"Curtis Kebler (E-mail)" <curtis_l_kebler@reliantenergy.com>, "David Keane=
=20
(E-mail)" <dnke@dynegy.com>, "David Parquet (E-mail)"=20
<dparque@ect.enron.com>, "Duane Nelsen (E-mail)" <duanenelsen@msn.com>, "Ed=
=20
Tomeo (E-mail)" <ed.tomeo@uaecorp.com>, "Edward Maddox (E-mail)"=20
<emaddox@seawestwindpower.com>, "Eileen Kock (E-mail)" <eileenk@calpine.com=
>,=20
"Ellery Bob (E-mail)" <bellery@spi-ind.com>, "Escalante Bob (E-mail)"=20
<riobravogm@aol.com>, "Frank DeRosa (E-mail)"=20
<fderosa@sanfrancisco.usgen.com>, "Greg Blue (E-mail)" <gtbl@dynegy.com>,=
=20
"Hap Boyd (E-mail)" <rboyd@enron.com>, "Jack Pigott (E-mail)"=20
<jackp@calpine.com>, "Jan Smunty-Jones (E-mail)" <smutny@iepa.com>, "Jim=20
Willey (E-mail)" <elliottsa@earthlink.net>, "Joe Greco (E-mail)"=20
<joe.greco@uaecorp.com>, "Joe Ronan (E-mail)" <joer@calpine.com>, "John Sto=
ut=20
(E-mail)" <john_h_stout@reliantenergy.com>, "Jonathan Weisgall (E-mail)"=20
<jweisgall@aol.com>, "Katie Kaplan (E-mail)" <kaplan@iepa.com>, "Kent Ficke=
tt=20
(E-mail)" <kfickett@usgen.com>, "Lynn Lednicky (E-mail)" <lale@dynegy.com>,=
=20
"Marty McFadden (E-mail)" <marty_mcfadden@ogden-energy.com>, "Paula Soos=20
(E-mail)" <paula_soos@ogden-energy.com>, "Robert Lamkin (E-mail)"=20
<rllamkin@seiworldwide.com>, "Roger Pelote (E-mail)"=20
<rpelote@energy.twc.com>, "Steve Ponder (E-mail)" <steve_ponder@fpl.com>,=
=20
"Steven Kelly (E-mail)" <steven@iepa.com>, "Sue Mara (E-mail)"=20
<smara@enron.com>, "Tony Wetzel (E-mail)" <twetzel@thermoecotek.com>, "Tron=
d=20
Aschehoug (E-mail)" <taschehoug@thermoecotek.com>, "William Hall (E-mail)"=
=20
<wfhall2@duke-energy.com>, "Richard Hyde (E-mail)" <rwhyde@duke-energy.com>=
,=20
"Sandi McCubbin (E-mail)" <smccubbi@ees.enron.com>, "Stephanie Newell=20
(E-mail)" <stephanie-newell@reliantenergy.com>, "Glenn R. Etienne (E-mail)"=
=20
<gret@dynegy.com>, "Nick Wallace (E-mail)" <njwa@dynegy.com>
cc: "Ann Kelly (E-mail)" <kelly@hnks.com>, "Bev Hansen (E-mail)"=20
<bhansen@lhom.com>, "Bob Judd (E-mail)" <caltech@ns.net>, "Govenar Scott=20
(E-mail)" <sgovenar@govadv.com>, "Hedy Govenar (E-mail)"=20
<hgovenar@govadv.com>, "Levake Barbara (E-mail)" <blevake@syix.com>, "Monag=
an=20
Mike (E-mail)" <mrmonagan@aol.com>, "Rob Ross (E-mail)" <robbiz@cwo.com>,=
=20
"Ron Tom (E-mail)" <rtom@govadv.com>, "Rudman Cary (E-mail)"=20
<cjrudman@softcom.net>, "Susan McCabe (E-mail)" <sfmccabe@mindspring.com>=
=20
Subject: Governor's Press Conference -- Shot Across the Bow
Governor Davis held a press conference today at which he accused
"out-of-state generators" of price gouging and market manipulation. He
called on FERC to expedite their investigation of the market and to provide
for consumer rebates if FERC cannot conclude that California prices are
"just and reasonable."
Below are my notes from the press conference. Attached is the Governor's
press release.
Karen Edson
Notes from Gov. Davis=01, Press Conference:
Opening Statement
Record hot temperatures; lack of supply; price manipulation have created th=
e
crisis.
Electricity is the life blood of the State's economy.
He (the Governor) has responded with several recent steps.
Among them is his request that the AG & FERC examine price manipulation
1st Point
He is calling on the CPUC to establish a price stability rate for consumers
and business.
His intent is to reduce rates to $55-$65/mo. for next year or two. (This
point was unclear. Did he mean rates, bills, or what?)
Customers need predictable, reliable, affordable rates
2nd Point
The Governor called on President Clinton and Chairman Hoecker to expedite a=
n
investigation of the unconscionable rates being charged by out-of-state
generators to California utilities
The Governor wants FERC to make evidentiary findings that rates are just an=
d
reasonable. If FERC can=01,t make such findings, he wants them to require
consumer rebates. (This portion of his comments is not reflected in the
attached press release. It is taken right from the script of Senator Steve
Peace.)
3rd Point
Believes deregulation will work. Generators must be held responsible. When
gouging and extorting; you must pay the price.
Karen Edson
kedson@ns.net
916/552-7070
- A. GOVERNOR Press Release 8-10.doc | jeff.dasovich@enron.com | susan.mara@enron.com, mona.petrochko@enron.com, sandra.mccubbin@enron.com, |
badeer-r/all_documents/146. | subject: Talk to us
content: Over the last several years, we've received numerous questions and candid
comments from many of you on a wide range of topics during our eSpeak
sessions and through the Office of the Chairman online mailbox and
voicemail. While eSpeak is an open, informal chat between employees and
management, the Office of the Chairman online mailbox and voicemail box are
designed as confidential upward feedback tools for employees who choose
anonymity. We are pleased that many of you have openly expressed your
thoughts and your identity, which made it possible for us to quickly respond
to your questions and concerns. This is the kind of work environment we all
must strive for at Enron, and we encourage you to continue sending us
comments about the things that are important to you.
Many times, however, we wanted to respond to those of you who contacted us
anonymously with your good ideas, observations and questions. We now have a
way to do this while maintaining your confidentiality. In the future, when
we receive an anonymous question or comment from an employee, both the
question and our response will be posted on eMeet. This will allow us to
answer all the questions that we receive, and it will give other employees an
opportunity to provide their insight, if they choose to do so, since eMeet is
an open discussion board.
Remember: You can send your questions and comments to us in two ways:
- email to Office of the Chairman, or
- Office of the Chairman voicemail box at 713-853-7294, which is a
confidential call
Promoting open and honest communication is consistent with our Vision and
Values and absolutely vital to our continued success as a company. So don't
be hesitant or afraid to speak your mind. We want to hear from you. | office.chairman@enron.com | all.worldwide@enron.com |
badeer-r/all_documents/147. | subject: Prehearing Conference Statement
content: Attached is the first draft of the prehearing statement in response to the
OII. Mona and I will be revising it. If you have any any comments / concerns,
please provide them by 12 pm PST, Thursday 8/10/00.
Thanks
---------------------- Forwarded by Bruno Gaillard/SFO/EES on 08/09/2000
04:11 PM ---------------------------
"Daniel Douglass" <douglass@ArterHadden.com> on 08/09/2000 03:30:43 PM
To: <Bruno_Gaillard@enron.com>, <mpetroch@enron.com>
cc: "Michelle Dangott" <MDangott@ArterHadden.com>
Subject: Prehearing Conference Statement
Attached is a first draft of the PHC statement, which is based on the outline
Mona sent me yesterday. Please get me any comments by the close of business
Thursday, so that I may prepare a final version that evening. Redline
comments would be greatly appreciated.
Dan
- PHC Statement - First Draft.doc | bruno.gaillard@enron.com | mona.petrochko@enron.com, jeff.dasovich@enron.com, susan.mara@enron.com, |
badeer-r/all_documents/148. | subject: SRRS Password
content: Your SSRS's password is 1543 | srrs@enron.com | robert.badeer@enron.com |
badeer-r/all_documents/149. | subject: CAISO NOTIFICATION: Request For Comments Regarding Adjustable Int
content: > As a result of the delay to 10 minute settlements, members of the SC's
> technical development staff via TSWG have expressed strong concern about
> the short time between the scheduled release of 10 minute settlements and
> adjustable inter-SC trades functionality. Adjustable inter-SC trades are
> currently scheduled for September 11 release. The adjustable inter-SC
> trade functionality was identified by Market Participants as a very
> important functionality that should be released ASAP. Prior to the ISO
> making any final decisiions on propsoed schedule changes rollout of the
> adjustable inter-SC trade functionality, the ISO is seeking additional
> feedback from both the business and technical sides of the Market
> Participants. Please provide your recommendation and any impact a
> change of scheduled rollout of 2-3 weeks for adjustable inter-SC trades
> would have on your business and systems to Jim Blatchford by Friday,
> August 11.
>
> Mark Rothleder
> Manager of Market Operations
> CAISO | crcommunications@caiso.com | 20participants@caiso.com |
badeer-r/all_documents/15. | subject: CAISO Notification - 10-minute settlements implementation Confere
content: A conference call will be held on Wednesday, 8/30/2000 from 1330 to 1430 PDT
to discuss the technical details for implementation of 10-minute
settlements. Attached is a draft implementation schedule which will be
discussed and reviewed during the call.
Conference Call Number: 1-888-837-2407
Passcode: 164517
Please contact Christine Vangelatos at cvangelatos@caiso.com or (916)
351-2142 if you have any questions regarding the attached.
<<10-min Installation Schedule External.doc>>
Jim Blatchford
Client Relations
Cal ISO
916.608.7051
- 10-min Installation Schedule External.doc | crcommunications@caiso.com | scsettlecontacts@caiso.com, tswg@caiso.com, 20participants@caiso.com |
badeer-r/all_documents/150. | subject: SDG&E FERC Ad
content: FYI. SDG&E's advertisements in Union Tribune dealing w/ SDG&E's filing at
FERC to extend ISO authority to institute price caps. The ad urges customers
to write to Bill Richardson, FERC, and Senators Boxer and Feinstein.
---------------------- Forwarded by Mona L Petrochko/SFO/EES on 08/09/2000
09:23 AM ---------------------------
Nancy Hetrick
08/08/2000 07:38 PM
To: rcavicch@csc.com, Diann Huddleson/HOU/EES@EES, Susan J Mara/SFO/EES@EES,
Mona L Petrochko/SFO/EES@EES, Victoria Johnson/HOU/EES@EES
cc:
Subject: FERC Ad
FYI! Please share with others. Thanks.
---------------------- Forwarded by Nancy Hetrick/HOU/EES on 08/08/2000 09:32
PM ---------------------------
"Clay, Lora" <LClay@SDGE.com> on 08/08/2000 09:09:10 AM
To: alvisopacific@aol.com, andrew.madden@utility.com, aolutility@yahoo.com,
asinger@newenergy.com, athomas@newenergy.com, bdavis3296@aol.com,
blunden@gmer.com, bpotter@essential.com, cbmartin@newenergy.com,
ccleisgang@powercomenergy.com, charles.jacobini@acnenergy.com,
chris.king@utility.com, cssmis@tampabay.rr.com, dbcpa@gte.net,
dbenevid@enron.com, dcurtis@cleanearth.com, ddyc@go-green.com,
eglpwr@gte.net, ehornquist@sempra-slns.com, emonca@emon.com,
glpatervin@aol.com, gmbr@dynegy.com, gpickering@idahopower.com,
Jeffery_T._salway@aep.com, jmolinda@sel.com, jsmollon@newwestenergy.com,
jwinfield@nicomnet.com, mark_allen@iep.illinova.com, gphillip@enron.com,
marsha@tenderland.com, max.alin@ci.seattle.wa.us, merilyn_ferrara@apses.com,
nhetrick@enron.com, nicomnet@pacbell.net, nsloder@newwestenergy.com,
pantrim@deltanet.com, paula.green@ci.seattle.wa.us, pjeff@smartenergy.com,
poshideri@aol.com, rich.menar@southernenergy.com,
rick.counihan@greenmountain.com, rpatterson@coral-energy.com,
rradmer@cleanenergyservice.com, rrodgers@eenergy.com,
rschlanert@electric.com, russ_koehler@yahoo.com, sebaca@sprynet.com,
tbowers@friendlyenergy.com, tdoughert@sel.com, tezi@webtv.net,
tjon@dynegy.com, trush@utilisource.com, wdale@amdax.com
cc: "Clay, Lora" <LClay@SDGE.com>, "Osborne, Dawn" <DOsborne@SDGE.com>,
"Patterson, Allison" <APatterson@SDGE.com>, "Acuna, Teresa G."
<TAcuna@SDGE.com>, "Stoyanoff, Angie" <AStoyanoff@SDGE.com>
Subject: FERC Ad
Attached is a newspaper ad supporting our filing with the Federal Energy
Regulatory Commission. This ad is part of the continuing series of ads on
SDG&E's activity related to high electricity prices this summer.
This ad appeared in the Union Tribune and North County Times Sunday, August
6.
<<FERCPhoneFinal.pdf>>
Lora Clay
Strategic Lead - ESP Relations
Phone: 858 - 654-1787
Pager: 888 - 826-6916
Fax: 858 - 654-1794
E-Mail: lclay@sdge.com
- FERCPhoneFinal.pdf | mona.petrochko@enron.com | sarah.novosel@enron.com, dennis.benevides@enron.com, roger.yang@enron.com |
badeer-r/all_documents/151. | subject: Critics Seek More Control Over ISO
content: THE WALL STREET JOURNAL / CALIFORNIA
Critics Seek
More Control
Over ISO
By Marc Lifsher
08/09/2000
The Wall Street Journal
Page CA1
(Copyright (c) 2000, Dow Jones & Company, Inc.)
Some people want the California Independent System Operator to be a lot less
independent.
The Folsom-based nonprofit corporation, which acts as the traffic cop for the
state's electricity grid, has been a lightning rod for criticism during this
summer's power crisis. Though generally praised for keeping lights on in the
face of severe shortages of electricity, the ISO has come under fire for
failing to move more quickly to lower the maximum price it will pay
generators for emergency power to meet demand and prevent blackouts.
Pressure on the ISO has eased considerably since last week, when its
governing board voted to lower the cap on such same-day, emergency purchases
-- the only type of pricing it has the power to affect directly -- to $250 a
megawatt hour from $500. But the heat hasn't been turned off completely. Some
lawmakers still are calling for changes in the 26-member ISO board, which
includes people nominated by power generators, utilities, middlemen, and
commercial and residential customers, among others. The critics want to
streamline the board and make it more accountable to the state's elected
officials.
The ISO was created by the state's 1996 utility-deregulation act to transmit
electricity smoothly between generators and utilities. Lawmakers devised the
independent board as a way to give the various "stakeholders" -- generators,
utilities, middlemen, customers and environmentalists -- a say in how energy
is supplied. Members serve for up to three years.
"It's inappropriate for the ISO governing board to vote on issues that
benefit them financially," says Sen. Dede Alpert, a Coronado Democrat. She
questions the wisdom of allowing out-of-state energy sellers and marketers to
sit on the ISO board and vote on emergency prices, especially when they have
an interest in keeping those prices high.
Sen. Alpert spent much of the Legislature's recent summer recess fielding
complaints about high electricity costs from her constituents, customers of
San Diego Gas & Electric Co., a unit of San Diego-based Sempra Energy. Last
summer, SDG&E became the first investor-owned utility in the state to have
price regulations fully lifted. This summer, its rates have doubled, as high
temperatures and power shortages have swept the West.
In response to a series of price spikes in Southern California and the wider
contention that skyrocketing prices indicate the failure of deregulation,
state lawmakers have scheduled a joint hearing tomorrow in Sacramento. High
on the agenda: possible changes in the ISO's governing structure and scrutiny
of the way it handles power statewide on hot days. Critics say emergency
purchases should be no more than 5% of electric-power sales, but were as high
as 33% of the market on hot days earlier this summer.
Key legislative leaders -- including Sen. Steve Peace, an El Cajon Democrat
who was the architect of the 1996 deregulation law -- would like to make the
ISO more accountable to state elected officials.
Possible changes include preventing industry representatives with conflicts
from sitting on the ISO board, as well as abolishing the ISO entirely and
shifting its responsibilities back to state utilities, under the supervision
of the state Public Utilities Commission. Until 1996, the PUC regulated all
electric utility rates and services.
ISO board members say legislative critics are unfairly focusing anger over
the price spikes on the ISO, which has only a limited ability to set prices.
Most electricity isn't sold through the same-day, emergency market -- but
through long-term contracts between sellers and utilities, or at least a day
in advance through the California Power Exchange, which is a nonprofit
corporation established by the 1996 law to serve as a trading floor.
"We need to create a government structure that is not susceptible to pressure
from one state senator or anyone else," to keep prices artificially low, says
ISO Chairman Jan Smutney-Jones, who represents the Independent Energy
Producers Association, the trade group for non-utility power generators. He
dismisses criticism of the board's out-of-state members. There needs to be
"an independent, interstate board" because energy is transmitted across state
lines, he says. Two Houston-based power sellers on the board, Dynegy Corp.
and Enron Corp., deny any conflict. Chuck Watson, Dynegy's chairman and chief
executive, blames state officials for expanding the ISO's role to include
monitoring prices. "If there's any finger-pointing," Mr. Watson says, "they
probably should start with the big finger pointed right at them."
Substantial restructuring of ISO governance could prove difficult. The state,
through the governor-appointed Electricity Oversight Board, has limited power
to make changes. Past efforts by the Oversight Board to exert control didn't
go far.
Last year, state lawmakers tried to give the Oversight Board the power to
confirm or reject ISO board members to make them accountable to state
officials. (Nominees had previously gone on automatically.) The effort was
opposed by officials of the Federal Energy Regulatory Commission in
Washington, D.C., which argued that the state couldn't have veto power over
the nominees of out-of-state power producers. In a compromise, California
officials were given authority to veto half the board -- those nominated by
residential, industrial, commercial and agricultural power-users.
The federal energy commission has final regulatory authority over the ISO and
has viewed state attempts to meddle with the agency as an unconstitutional
attempt to hinder interstate commerce.
Any proposed changes in ISO's governing structure "would be looked at very
closely by FERC," says ISO attorney Richard Jacobs.
This summer, the ISO board displayed an independence that was annoying to
state lawmakers. In June, Sen. Peace called on the board to lower its price
cap for emergency purchases, from $750 a megawatt hour (roughly the amount of
electricity needed to power 1,000 homes) to $250. The board responded by
lowering the cap to $500 a megawatt hour. A second attempt to lower the cap
to $250 failed to get a majority vote.
The reason? The three private power-seller representatives, including the
Independent Energy Producers Association, were joined by those representing
agricultural, industrial and commercial users in opposing a lowering of the
cap.
Then, the pressure on the ISO board really intensified. Gov. Gray Davis
weighed in, by sending the ISO board a letter asking it to lower the cap "to
the lowest possible level." Energy Secretary Bill Richardson ordered the
representative of federal-public-power sellers to change his vote from no to
yes. A consumer representative from the League of Women Voters also moved to
the "aye" column, allowing the cap to be lowered to $250.
Lowering the cap removes some of the rate pressure on residential and
commercial consumers in San Diego -- and takes some of the heat off the ISO
board. But not entirely: A Public Utilities Commission report on the state's
electricity market that was sent to the governor after the vote said that the
members of the ISO and the Power Exchange boards "can have serious conflicts
of interest" and that both organization aren't "accountable to the state or
its consumers."
An ISO spokesman said the board is in the process of producing a formal
response to the report and it declined to comment. A spokesman for the Power
Exchange said that it has followed the law regarding conflicts and that it
does protect consumers.
--- | jeff.dasovich@enron.com | james.steffes@enron.com, richard.shapiro@enron.com, joe.hartsoe@enron.com, |
badeer-r/all_documents/152. | subject: RE: Commission Investigation into Functioning of Wholesale/Retail
content: Following today's conference call, Mona and I drafted a revised outline of
our comments in response to the Investigation. We will file a statement on
8/14 at the CPUC. If you have any concerns regarding the outline, please
provide comments ASAP. We will be circulating a Draft Statement prior to
filing for additional comments.
See the attachment for the revised outline
---------------------- Forwarded by Mona L Petrochko/SFO/EES on 08/07/2000
01:17 PM ---------------------------
"Bruno Gaillard" <bgaillar@enron.com> on 08/04/2000 10:23:00 AM
To: Arm@phaser.com
cc:
Subject: SDG&E OII
(See attached file: SDG&E OII.doc)
- SDG&E OII.doc | bruno.gaillard@enron.com | mona.petrochko@enron.com, jeff.dasovich@enron.com, susan.mara@enron.com, |
badeer-r/all_documents/153. | subject: CAISO NOTICE: Executive Summary of Stakeholder's Comments...
content: Market Participants:
The ISO has posted on its web site an Executive Summary of Stakeholders'
comments as well as a compilation of all comments received in prior to the
August 1 ISO Governing Board meeting. You can view these documents at
http://www.caiso.com/clientserv/congestionreform.html
Regards,
Byron Woertz
Director, Client Relations | cgrant@caiso.com | 20participants@caiso.com |
badeer-r/all_documents/154. | subject: DJ Power Price Cap In Calif Puts Brinksmanship On Grid
content: ---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/08/2000 11:45
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
08/08/2000 11:34 AM
To: "Leopold, Jason" <Jason.Leopold@dowjones.com>
cc: (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ Power Price Cap In Calif Puts Brinksmanship On Grid
17:25 GMT 8 August 2000 =DJ Power Price Cap In Calif Puts Brinksmanship On
Grid
By Mark Golden
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--California's new, lower cap on the price of wholesale
power is intended to bring relief to consumers burned by this summer's
high-flying electricity rates.
But it has also set the stage for a game of chicken between utilities and
power producers - with the operator of the state's power grid caught in the
middle and a major blackout the consequence if both sides hold their course
on a hot day.
By creating incentives for power producers and power buyers to wait on the
sidelines, the price cap has put the California Independent System Operator
in the position of covering much of the state's power demand at the last
minute - something the grid operator was never intended to do.
"It's not designed to handle a third of the load, and it's not designed to
be the arbitrage tool for either those buying electricity or those supplying
it," Jan Smutny-Jones, chairman of the ISO's board of governors, said of the
ISO's real-time power market. "For the ISO to find 15,000 MW of power on any
given day is a huge undertaking that puts a tremendous amount of pressure on
the real-time operation of the grid. We're going to be in trouble."
Thanks to a break in this summer's high temperatures in California, the ISO
managed to find the power it needed Monday and bought it under the new price
cap of $250 a megawatt-hour. It also looks to be able to make it through
Tuesday.
But the real test could come with higher temperatures forecast for Wednesday
and Thursday - or whenever the next heat wave comes.
The state's power grid is run by the ISO, established by the state's
legislature to ensure that California's utilities were getting enough power
to meet their customer needs.
Utilities typically buy most of the power they need a day in advance based
on weather forecasts and system capacity. A different state-chartered
organization, the California Power Exchange buys most of the power the
utilities need one day ahead of time.
The ISO is supposed plug unexpected gaps by purchasing marginal amounts of
power on a last-minute basis as necessary.
But the price cap is changing the way the game is played.
Prices in the ISO's real-time market are capped at $250 a megawatt-hour. But
prices in the CalPX's day-ahead market are uncapped and free to skyrocket.
As a result, California's main utilities - PG&E Corp. (PCG) unit Pacific Gas
& Electric, Edison International (EIX) unit Southern California Edison and
Sempra Energy (SRE) unit San Diego Gas & Electric - will buy only those
supplies available on the day-ahead market that are bid at the ISO cap or
less.
That policy makes sense - electricity is widely regarded as the most
volatile commodity in existence, prices can rise 100-fold in a matter of
days and California's prices are about four times their level last summer.
But it isn't the most sustainable.
Grid Operator Left To Cover Large Shortfall
On Monday, for example, the California PX reported that the utilities bought
all the power suppliers bid in below the price cap, a total of 27,500
megawatts of supply for peak afternoon hours.
But as the sun rose over the California sky and air conditioners ramped up,
the three utilities needed 40,000 megawatts of power to meet demand -
leaving the ISO not just to tweak the system, but to buy almost a third of
what was required.
"It makes it a lot harder for our people to operate the system," ISO
spokesman Patrick Dorinson said.
On Monday, the ISO had to leave its official, computer-based market and
scramble to secure needed power supplies from neighboring utilities by
telephone, as it has done numerous times this summer.
The question for California is whether independent generating companies and
utilities outside the state will sell their power to the state at or below
the $250 price cap, or whether they'll be able to sell their output for a
higher price elsewhere.
Like much of the rest of the country, the western U.S. now needs more
electricity during summer afternoons than it can generate. The booming
electricity-driven new economy has been met with almost no additions to
generating capacity. Companies that have generating capacity are looking for
top dollar.
"Our real-time folks' job is to optimize revenue and get the highest price
for that energy that they can," said Larry Bryant, spokesman for the Public
Service Co. of New Mexico (PNM), which regularly sells power to California.
"There is no preference of customer. There's preference for maximizing the
revenue that hour of that day."
The $250 cap, half what it was until Monday and a third of what it was until
July 1, is well under prices the western wholesale power market has seen
frequently this summer.
The ISO has the authority to break its own cap if necessary to keep the
lights on, but doing so could make a shambles of the state's official power
market.
Traders at utilities with excess power to sell say they will have no
incentive to bid in supply on the ISO's computer system at prices under the
cap if they know the ISO will be picking up the phone later with sweeter
deals.
"At 10 a.m. the ISO operators have to run around and find a sufficient
amount of capacity in the West to serve our needs, and on some days there
really is only a limited amount of capacity to go around," Smutny-Jones
said.
"We're going to have figure out a better way of managing this," he added.
-Mark Golden, Dow Jones Newswires; 201-938-4604; mark.golden@dowjones.com
Copyright (c) 2000, Dow Jones & Company Inc
G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel. 609.520.7067
Fax. 609.452.3531
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