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badeer-r/california/6. | 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/california/60. | subject: *** INTERRUPTIBLE CUSTOMERS CAN PARTICIPATE IN ISO A/S PROGRAM ***
content: Load is up in CA and so is the potential for selling load curtailment
products to customers.
BOTTOMLINES:
PG&E has asked the CPUC to approve participation of E-19 and E-20 Direct
Access customers in the ISO A/S load participation pilot program (filed June
7).
SCE has asked the CPUC to approve that all customers on its Large Power
Interruptible tariff can participate in the ISO A/S load participation pilot
program (filed June 7).
FERC approved the ISO's Load Participation pilot progam and pricing on June
14, 2000, calling it an innovative program.
This appears to be a total GREEN LIGHT for Enron to move forward with
customers.
PROCESS:
The utilities filed advice letters. Comments are due on June 27. Unless you
tell us otherwise, we plan to file and seek expedited treatment. (The CPUC
has no required timetable in which to respond.) We expect the CPUC to
approve them -- there is pressure from many fronts to DO something about load
participation in the market. Both have asked for a July 17 effective date.
DETAILS:
SCE's is a much better document and makes a good case for CPUC approval, even
though the the customers are already benefitting from providing the utilities
with the option to curtail during system emergencies. SCE proposes the
following approach to prevent "double-dipping" by the customers: If the ISO
directs SCE to activate its load curtailment program during the time period
that the customer has an accepted bid from the ISO in the A/S market, SCE --
working with the ISO -- will adjust the customer's bill to avoid double
payments. SCE provides no more information, but, on principal, this seems
fair to me. We'll have to watch to see what the proposed procedure would be.
PG&E doesn't say much except that it is "unable" to offer this to bundled
customers (oh, gee -- must be more of those "system constraints") until
"later" (unspecified). I would expect large customer groups to argue about
that -- but it gives us the opportunity to push direct access. PG&E didn't
have much to offer on the "double-billing" issue -- it said either PG&E could
change the customers bill or the ISO could adjust its payment.
FERC threw out all the protests by various parties (e.g., MWD, M-S-R, other
munis) and approved the ISO's proposal. The big issues were: supposed
improper allocation of demand relief program costs (ISO allocates it to all
SCs based on metered demand during all hours of the program);q request to
charge those who are out of balance for most of the costs; the need to file
pro forma agreement in advance (FERC said ISO doesn't have to); and the
supposed overly restrictive program participation. If you want to know more
about the order, give me a call.
Have fun!
Sue Mara | susan.mara@enron.com | jubran.whalan@enron.com, roger.yang@enron.com, dennis.benevides@enron.com, |
badeer-r/california/61. | subject: CAISO NOTIFICATION - Initiation of 1999 UFE Retro-Active Market A
content: ISO FALL 1999 UFE PROJECT
RETROACTIVE MARKET ADJUSTMENT ANNOUNCEMENT
June 15, 2000
MARKET PARTICIPANTS & SC SETTLEMENT CONTACTS;
NOTIFICATION OF RETRO-ACTIVE 1999 UFE MARKET CORRECTION
On July 3, 2000, the ISO, consistent with its commitment to the Market
Participants, will initiate Unaccounted for Energy (UFE) market adjustments,
for Market Settlements from August 21, 1999 through December 31, 1999.
These adjustments result from the correction of meter data errors,
identified and corrected by the ISO UFE Project. The Market Participants
have been very cooperative in working with the ISO. The mutual objectives
were to assure accurate settlement of Imbalance Energy, to rectify start-up
meter data management problems and to minimize UFE.
The overall magnitude of erroneous UFE identified by the ISO UFE Project is
approximately 1,100,000 MWhs or $ 70,000,000. The ISO Settlements and
Metering Department staffs are in the process of recalculating the specific
market charges impacted, for this period.
Actual retro-active UFE adjustments will commence on July 3, 2000, and be
applied initially to the May 9th Preliminary Settlement Statement (PSS). The
ISO's intention is to correct 15 settlement days per week over the next 10
weeks until the entire 1999 August 21-December 31 period settlements are
corrected. The ISO Settlements system time required to rerun settlements
constrains our ability to proceed more expeditiously. However, we do plan
completion by the end of Summer.
The ISO will apply retroactive adjustments to ALL UFE related Market
charges. The erroneous UFE identified by the ISO UFE Project will be charged
to the responsible Scheduling Coordinators (SCs), to help assure that no
adverse market impact occurs from cost shifting. Other SCs will receive the
associated charge type credits.
FINAL REPORT TO MARKET PARTICIPANTS - Fall 1999 ISO UFE PROJECT
On August 21, 1999, UFE in the PG&E Service Area increased substantially,
ranging from 4-15 %. This inordinately high UFE continued in excess of
typical amounts of UFE for this UDC Service Area (-1 to +1%), for four
months.
The ISO actively investigated potential systemic causes for this order of
magnitude increase in UFE.
ISO efforts consisted of a concerted review of SQMD submitted by SC's during
this period, a review of the ISO MDAS polled meter data for ISO metered
entities, a review of interchange data (exports), a review of the
Transmission Loss calculations used by ISO Settlements to calculate UFE by
UDC, an investigation of the Market Redesign Settlements software changes
associated with the drop of new Settlements software in mid- August and the
retention of a data consultant to help identify and isolate any causal
factor, attributable for the high UFE .
The effort to identify UFE related settlement issues for the period of
August 21, 1999 through December 31, 1999 is complete. The ISO UFE Project
team, working in conjunction with Market Participants, identified over 1.1
million MWH of erroneous UFE. This UFE is now accounted for, and will be
reassigned to the responsible SCs. The ISO Project identified over 14 casual
sources of UFE during this period. Many of the issues identified were
interrelated.
The last major source of UFE for the period was identified in April. This
UFE resulted from an erroneous Validation, Editing and Estimating (VEE)
factor, applied to firm load within the PG&E Service Area. This error,
associated with late or missed meter data adjustment, commenced October 1,
1999 and resulted in understated SC load of approximately 100 - 267 MW/hour,
through December.
The balance of the SC meter data management errors previously identified
were attributable to the complexity of using Pseudo Resources and Logical
Metering to model, schedule and settle Municipal UDC existing contracts
(ETCs).
The four primary SCs which experienced meter data problems, within the PG&E
UDC Service Area, have resubmitted corrected Settlement Quality Meter Data
(SQMD).
The ISO will initiate retroactive UFE Market adjustments for the Settlement
period of August 21,1999 through December 31, 1999. The magnitude of the
Market UFE adjustment is approximately $70 million. These retro-active
Market adjustments will complete the Project Team's work on the Fall 1999
UFE issue.
Present UFE Status:
March 2000 UFE, based upon Final Settlement Statements (FSS), is as follows:
System UFE +
0.22 %
PG&E UDC Service Area UFE + 0.17 %
SCE UDC Service Area UFE + 0.44 %
SDG&E UDC Service Area UFE - 0.45%
ISO UFE Project Team
Sarah Ten Broeck
Kevin Graves
Bill Hayes
Kyle Hoffman
Tri Huynh
Glen Perez
Jeanette Plumley
Chris Sibley
June 15, 2000
CRCommunications
Client Relations Communications | crcommunications@caiso.com | marketparticipants@caiso.com, scsettlecontacts@caiso.com |
badeer-r/california/62. | subject: COST OF UNSCHEDULED LOAD
content: Please see attached notice on the cost of unscheduled load.
<<cost of unscheduled load.doc>>
- cost of unscheduled load.doc | eleuze@caiso.com | marketparticipants@caiso.com |
badeer-r/california/63. | subject: CAISO Notice - Congestion Reform Project
content: Market Participants:
At the June 8 Congestion Reform Stakeholder meeting, we
discussed the possibility of a meeting on June 20 to address locational
market power mitigation. We will not hold such a meeting on June 20th.
However, we are working on a comprehensive project schedule and plan to
have it to you by the end of this week. That schedule should cover meetings
on Congestion Management for June, July, August and early September.
Byron Woertz
Director, Client Relations | bwoertz@caiso.com | marketparticipants@caiso.com |
badeer-r/california/64. | subject: Meeting with CAISO re Desert Southwest
content: tom, attached is the agenda and the documents of principles used in our
discussions with the CAISO Last week. forward this to who you think might
need it and i'll be there this thursday to go over it and get more input from
you guys. thanx.
tom
---------------------- Forwarded by Tom Delaney/Corp/Enron on 06/12/2000
03:09 PM ---------------------------
Carl Imparato <cfi1@tca-us.com> on 06/02/2000 12:41:02 PM
Please respond to cfi1@tca-us.com
To: lebarrett@duke-energy.com, sslavigne@duke-energy.com, dcn@netwrx.net,
tfitchitt@newenergy.com, cmiessner@newenergy.com, zalaywan@caiso.com,
eschmid@caiso.com, crobinson@caiso.com, cdeise@apsc.com,
tdelawder@tucsonelectric.com, ebeck@tucsonelectric.com, dbrown1@pnm.com,
gmiller@pnm.com, bob_anderson@apses.com, barbara_klemstine@apses.com,
rllamkin@seiworldwide.com, steve.huhman@southernenergy.com,
tom_delaney@enron.com, marcie_milner@enron.com, smara@enron.com,
scott.miller@gen.pge.com, rreilley@coral-energy.com, lcampbell@csllp.com,
locb@rt66.com, john_r_orr@reliantenergy.com, kewh@dynegy.com,
jmpa@dynegy.com, mbochotorena@calpx.com
cc: gackerman@wptf.org, jdavis@apx.com, jim_kritikson@calpx.com,
dmberry@calpx.com, frank.derosa@gen.pge.com, jim.filippi@gen.pge.com,
brian.kunz@gen.pge.com
Subject: Meeting with CAISO re Desert Southwest
Attached are three documents that will be discussed at Monday's meeting:
- agenda-060500.rtf: a proposed agenda for the meeting
- iso-rqmts3.rtf: the current draft of the framework for consideration
of the CAISO as the preferred RTO for the Desert Southwest
- Additional Issues for Discussion.rtf: a list of additional items that
various parties would like discuss to ensure that we all fully
understand the present CAISO model.
The meeting is scheduled for Monday, June 5, from 10 - 3, and will take
place at Enron's office in Phoenix, located at 4742 N. 24th Street,
Suite 165.
If any of the addressees have not yet RSVP'd, I would appreciate your
informing Marcie Milner of Enron (602-840-3800) as soon as possible so
we can make adequate arrangements.
Thank you,
Carl Imparato
- Agenda-060500.rtf
- Additional Issues for Discussion.rtf
- iso-rqmts3.rtf | tom.delaney@enron.com | tom.alonso@enron.com |
badeer-r/california/65. | subject: Summer 2000 Market Participating Load Trial Program Re-Opener
content: > Market Participants:
>
> This notice announces the "re-opening" of the Summer
> 2000 Market Participating Load Trial Program. Note that this program has
> also been referred to as the Summer 2000 A/S Load Program. It involves
> load participation in the Non-Spin and Replacement Reserve and also the
> Supplemental Energy markets. This re-opening notice does not apply to the
> Summer 2000 Demand Relief Program.
>
> On February 29, 2000, the ISO issued a Market Notice
> for the "Summer 2000 Market Participating Load Trial Program" soliciting
> participation in the ISO's Ancillary Services and Supplemental Energy
> markets by additional Participating Loads. The ISO proposed to
> accommodate such participation from June 15 to October 15, 2000 by Loads
> that could provide telemetry of their Demand data to the ISO's Energy
> Management System pursuant to a "relaxed" Technical Standard. The ISO
> indicated that it would accept proposals for up to the following amounts
> of capacity for bidding in the specified markets:
>
> Non-Spinning Reserve: 400 MW
> Replacement Reserve: 400 MW
> Supplemental Energy: 1,000 MW
>
> In response to that solicitation, the ISO received
> several proposals and has been working to implement participation by the
> respondents. In the course of the implementation process, the ISO has
> determined that the actual amounts of capacity that will potentially be
> available to participate will be below the maximum for any of the listed
> services. Approximately half of the 400 MW in Non-Spin and Replacement
> has been committed (some subject to CPUC approval) leaving approximately
> 200 MW available in each category. Approximately 750 MW is still
> available in the Supplemental Energy category.
>
> Therefore, the ISO wishes to announce a re-opening
> of the period for submittal of proposals for the "Summer 2000 Market
> Participating Load Trial Program" The ISO seeks to obtain the total
> amount of participation requested for the trial program within the time
> available. At this time the ISO plans to leave this solicitation open
> until the maximum capacities are reached as noted above. Also it should
> be noted that while the solicitation will be open until the requested
> capacities are reached, the current timeframe of the Summer 2000 Trial
> Program and the applicability of the "relaxed" Technical Standards runs
> only through October 15, 2000. At this time the ISO expects to continue
> this Load Program beyond October 15, 2000, however a final decision on
> continuation and the exact technical and commercial details applicable to
> any such continuation will be reached late this year based on a review of
> the Summer 2000 Program experience.
>
>
> Additional respondents should follow the process and
> requirements set forth in the February 29, 2000 Market Notice in all
> respects other than the date for delivery of proposals. This can be
> located on the ISO Home Page at http://www.caiso.com/clientserv/load/ .
> or by navigating from Client Services to Stakeholder Processes to
> Participating Loads. There are 4 documents listed under the Feb 29
> posting entitled " Formal Invitation for the Summer 2000 Load
> Participation in the ISO Ancillary Service and Supplemental Energy
> Markets. "
>
> If you have any questions, please direct them to
> Mike Dozier at 916-608-5708.
>
>
> Don Fuller
Director, Client Relations | dfuller@caiso.com | marketparticipants@caiso.com |
badeer-r/california/66. | subject: CAISO Notice: Preliminary finding re: May 22nd Stage 2 System Eme
content: Market Participants:
Attached you will find the preliminary finding regarding the May 22nd Stage
2 System Emergency.
Don Fuller
Director, Client Relations
Sent on behalf of Don Fuller by Alice Leonard
Alice Leonard
Client Relations
(916) 608-7059
aleonard@caiso.com
<<Emergency MM2.doc>>
- Emergency MM2.doc | aleonard@caiso.com | marketparticipants@caiso.com |
badeer-r/california/67. | subject: CAISO Notice: New telephone numbers for Client Relations Departme
content: Market Participants:
The Client Relations Department moved offices over the weekend. We are now
located in building 110, 2nd floor, which is across the street from our
former office. New telephone numbers for our department are listed below.
All e-mail addresses remain the same.
Client Relations Department
Anthony Agustin (916) 608-7052
Keoni Almeida (916) 608-7053
Jim Blatchford (916) 608-7051
Tiffaney Borchardt (916) 608-7071
Jessica Cole (916) 608-7058
Mike Dobson (916) 608-7068
Don Fuller (916) 608-7055
John Goodin (916) 608-7056
Kyle Hoffman (916) 608-7057
Missy Hough (916) 608-7054
Darlene LeCureux (916) 608-7060
Alice Leonard (916) 608-7059
Ali Miremadi (916) 608-7061
Saundra Morris (916) 608-7070
Judy Nickel (916) 608-7062
Dennis Peters (916) 608-7063
Chris Sibley (916) 608-7064
David Timson (916) 608-7065
Byron Woertz (916) 608-7066
Cathy Young (916) 608-7067
Don Fuller
Director, Client Relations
Sent on behalf of Don Fuller by Alice Leonard
Alice Leonard
Client Relations
(916) 608-7059
aleonard@caiso.com | aleonard@caiso.com | marketparticipants@caiso.com |
badeer-r/california/68. | subject: CAISO Notification: Commencement of 2000 Operational Study in Jul y
content: Market Participants:
> PricewaterhouseCoopers (PwC) is planning to commence the 2000 Operational
> Study in July 2000. As in past years, PwC is seeking input from market
> participants prior to recommending the specific procedures to be covered
> in this Operational Study. The Audit Committee will make the final
> decision on the scope of the Study based on recommendations from PwC,
> which will reflect input from this stakeholder feedback process.
>
> Please call or e-mail Charlotte Martin at (916) 351-2118 /
> cmartin@caiso.com to request a meeting (in person or via conference call)
> with PwC to discuss the scope of this study.
>
> As described at the May Audit Committee meeting, market participants will
> be given the opportunity to have a member of Operations management, Trent
> Carlson, present during all or a portion of the meetings. At its recent
> meeting, the Audit Committee reaffirmed its position that information
> conveyed during these meetings is to be treated in the strictest
> confidence when the market participants so desire.
>
> When making arrangements for the meeting please advise Charlotte which of
> the three choices you desire:
> 1) Meet with PwC only
> 2) Meet with PwC and Trent Carlson
> 3) Meet first with PwC only; followed by a session including Trent
> Carlson to cover certain matters addressed in the first meeting that the
> market participant wish to communicate directly to CAISO management.
>
Don Fuller
Director, Client Relations
Sent on behalf of Don Fuller by Alice Leonard
Alice Leonard
Client Relations
(916) 351-4467
aleonard@caiso.com | aleonard@caiso.com | marketparticipants@caiso.com |
badeer-r/california/69. | subject: CAISO Notification: Joint 2002-2004 RMR Study & Integrated Annual
content: > Market Participants,
>
> The Cal-ISO has begun preparations for performing the technical study to
> determine RMR MW requirements for the ISO-controlled grid in years
> 2002-2004. The results of this Study will be used in the Multi-year LARS
> 2002-2004 RMR process tentatively scheduled for the 1st quarter of 2001.
> Some preliminary work has been done to formulate a draft Study Plan and to
> develop Base Cases to perform the 2002-2004 RMR Technical Study. The draft
> Study Plan and Base Cases have been posted on the ISO web site:
> http://www.caiso.com/docs/2000/04/28/2000042807462411493.html
>
> In addition, the Cal-ISO has developed a draft Study Plan and are
> developing Base Cases to perform this year's Integrated Transmission
> Expansion Plan that will supplement the PTOs annual Transmission Expansion
> Plans. The draft Study Plan will be posted by 6/1/00, and the Base Cases
> will be posted by 6/7/00 on the ISO Web site :
> http://www.caiso.com/docs/2000/02/28/2000022816395812019.html
>
> A joint RMR and Expansion Plan Study "kick-off" Stakeholder meeting will
> be held on Monday June 12, 2000, between 10:00 a.m. and 4:00 p.m., in
> Conference Room 101A-Rooms 1a & 1b at Cal-ISO Headquarters on 101A Blue
> Ravine Road in Folsom to discuss these preliminary Study work products.
> THE FOCUS OF THIS MEETING WILL BE ON TECHNICAL STUDY ISSUES - NOT ON
> POLICY. The meeting agenda is attached.
>
> Please RSVP by Wednesday June 7, 2000, including the number of attendees
> from your organization, to Kristine Hargrave of the Cal-ISO at (916)
> 351-4470 or khargrave@caiso.com.
>
> If you have questions regarding the meeting arrangements, please contact
> Kristine. If you have questions regarding the Study efforts, please
> contact Steve Mavis at 916-351-2112 or smavis@caiso.com.
>
> <<Joint RMR and Expansion Plan Study agenda jun12.pdf>>
>
Don Fuller
Director, Client Relations
Sent on behalf of Don Fuller by Alice Leonard
Alice Leonard
Client Relations
(916) 351-4467
aleonard@caiso.com
- Joint RMR and Expansion Plan Study agenda jun12.pdf | aleonard@caiso.com | marketparticipants@caiso.com, brbarkovich@earthlink.net, bmspeckman@aol.com, |
badeer-r/california/7. | 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/california/70. | subject: CAISO Notification: Operations Procedures E-507 - Posting for A
content: Market Participants:
Please assure that this Notification is forwarded to your respective
Operating Departments for Review ---
Notification of Operating Procedure Update
* The following new or revised ISO Operating Procedures have been
implemented and are posted for reference on the ISO Website.
* Please find them at
http://www1.caiso.com/thegrid/operations/opsdoc/index.html under the
appropriate Operating Procedure section heading.
ISO Operating Procedure Updated: E-507 Emergency Response Team
Version: 2.1
Effective Date: 5-25-2000
Procedure Purpose: To meet the corporate level
communication, response, and leadership needs of the California Independent
System Operator (ISO) immediately following a major emergency event, duty
rosters are maintained to provide continuous coverage for certain key
functions. These rosters designate personnel and contact information to
represent the offices indicated on a 24-hour basis:
Emergency Response Team
Roster Representing
Executive in Charge (EIC) Chief Operations Officer
Public Information Coordinator (PIC) Director of Communications
Emergency Response Coordinator Emergency liaison with the OES/CUEA, CEC,
CPUC, EOB, DOE, FERC, PTO/UDC
These three positions comprise the core-group for the ISO
Emergency Response Team. Other ISO departments a will support this team as
needed.
Summary of Changes: Updated and checked. Removed sensitive information to
allow for Public Release.
If you have any questions, please e-mail the 'Procedure Control Desk'
mailbox at procctrldesk@caiso.com and we will respond as soon as possible.
Thank-You,
Operations Support and Training | crcommunications@caiso.com | marketparticipants@caiso.com |
badeer-r/california/8. | 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/california/9. | 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/capx/1. | 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/capx/2. | 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/capx/3. | subject: CalPX Market Compliance Unit Submits its 2nd Annual Report to FERC
content: FYI. The report posted on the website fails to include the report's
transmittal letter. I just found that letter in the mail. The letter
explains that the report's analysis DOES NOT include "the events" of May,
June and July, which the Compliance unit is currently studying. It will
release the results of that study in the Fall.
---------------------- Forwarded by Jeff Dasovich/SFO/EES on 08/07/2000 05:19
PM ---------------------------
Jeff Dasovich on 08/07/2000 05:14:32 PM
To: James D Steffes/HOU/EES@EES, Paul Kaufman@EES, Mona L
Petrochko/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES, Dave
Parquet@ENRON_DEVELOPMENT, Tim Belden@ECT, Robert Badeer@ECT, Dennis
Benevides/HOU/EES@EES, Roger Yang/SFO/EES@EES, snovosel@enron.com, Joe
Hartsoe/Corp/Enron@Enron, Christi L Nicolay@ECT, Mary Hain@ENRON_DEVELOPMENT,
Susan J Mara/SFO/EES@EES, Bruno Gaillard/SFO/EES@EES, Richard
Shapiro/HOU/EES@EES, Karen Denne/Corp/Enron@Enron, Peggy Mahoney/HOU/EES@EES
cc:
Subject: CalPX Market Compliance Unit Submits its 2nd Annual Report to FERC
Submitted to FERC on 7.31.00. Key findings:
"The markets work."
"...virtually all price increases in the past two years can be explained by
underlying known factors such as weather, natural gas prices, and forecasts."
Almost all of the price increase during year 2 is explained by market
fundamentals...The unexplained variance in price is small and appears to have
contributed nothing to the trend."
"...a Compliance mean reversion model indicates that prices typically return
to mean price levels in less than two days."
"...the price increases...show no indications of deliberate attempts to
manipulate prices...."
If you'd like a copy, you can find it at the following address:
http://www.calpx.com/regulatory/marketcompliance/index_annualreport.html | jeff.dasovich@enron.com | james.steffes@enron.com, mona.petrochko@enron.com, sandra.mccubbin@enron.com, |
badeer-r/capx/4. | subject: daily block forwards new charges
content: Talked to Mark Hodge from the PX this morning regarding the charges on our
statement. He said that the daily block forwards transaction fee has been
waived for July and Aug. (.02 transaction charge). However, the tariff was
changed on May 2nd that increased the settlement (aka clearing) charges to
.03 per mwh per day.
I asked him why the daily block forwards are so expensive when we get the .01
charge as a preferred customer on the term block forwards. He said it's
because of the costly bookout process. I told him we do financial onlys, but
not bookouts, and restated that .03 is more expensive than brokers. He said
that because the tariff filing of .03 was the maximum, these fees can be
negotiated away from the .03 max., especially since we don't add to the costs
of bookouts. So, whoever among us is the queen or king of daily block
forwards, or our block forward accounts in general, I suggest we do negotiate
a lower rate on the daily schedules.
Both Brett and I tried to access the tariff on the PX website, but we
couldn't read it. So, if someone has better clearance or web tools than us,
please let us know so we can update ours. | valarie.sabo@enron.com | christian.yoder@enron.com, chris.stokley@enron.com, jeff.richter@enron.com, |
badeer-r/capx/5. | subject: Form for Block Forward / Bilateral Delivery
content: Bob,
If you are planning to go bilateral versus financial, check out this form.
The instructions are pretty straight forward.
If you have any questions, give me a call at 626-487-9045.
Thanks. Drew
(See attached file: 146BilateralDeliveryNotice.dot)
- 146BilateralDeliveryNotice.dot | drew_a_brabb@calpx.com | robert.badeer@enron.com |
badeer-r/capx/6. | subject: Bonafide Commercial Reasons for non-delivery
content: Bob,
Good talking to you this am.
You can send the email to the following people:
rmills@calpx.com
mathompson@calpx.com
dabrabb@calpx.com
Regards,
Drew | drew_a_brabb@calpx.com | robert.badeer@enron.com |
badeer-r/contacts/1. | subject: Scott Badeer
content: <Embedded Outlook Message Attachment> | outlook-migration-team@enron.com | |
badeer-r/contacts/3. | subject: USBS Painewebber
content: hrgis#: 90010251
pin#: 9257 | robert.badeer@enron.com | |
badeer-r/deleted_items/1. | subject: RE: RE: Whats up!!!!!
content: Good, you can go from one wet loser state, to a dry hot loser state.
Good luck trading gas. After eating Taco Bell, I usually make enough to
power all of Long Island for a month.
How does a trader earn their keep? you get a commission selling to another
firm or speculate on price movements and take a position?
Let me know when you are in NY, so I can ensure that I am away.
Good luck in Houston, go Titans!!
"Mono"
-----Original Message-----
From: Badeer, Robert [mailto:Robert.Badeer@ubswenergy.com]
Sent: Thursday, March 07, 2002 11:57 AM
To: Monaco, John [EM]
Subject: RE: RE: Whats up!!!!!
Monaco,
Whats up with you? Great SuperBowl. I hate the Rams, so glad they
lost. I'm going down to Houston to work for UBS on the gas trading desk. New
commodity for me, should be fun. Looking to get back to NY at some point in
the future. I know you'll still be there, stinking up the joint. Anyway,
will let you know how things go. Talk to you soon.
Badeer
-----Original Message-----
From: Monaco, John [EM] [mailto:john.monaco@citi.com]
Sent: Thursday, March 07, 2002 6:40 AM
To: Badeer, Robert
Subject: FW: RE: Whats up!!!!!
Still around!!!!
-----Original Message-----
From: enron.mailsweeper.admin@enron.com
[mailto:enron.mailsweeper.admin@enron.com]
Sent: Thursday, March 07, 2002 9:36 AM
To: Monaco, John [EM]
Subject: RE:RE: Whats up!!!!!
The enron.com recipient(s)
rbadeer@exchange.enron.com
have moved to a new organization. The new email address follows the format
firstname.lastname@ubswenergy.com or
firstname.initial.lastname@ubswenergy.com (as per their original enron.com
email address). Email sent to recipient(s) at enron.com will not be
delivered.
Visit our website at http://www.ubswarburg.com
This message contains confidential information and is intended only for the
individual named. If you are not the named addressee you should not
disseminate, distribute or copy this e-mail. Please notify the sender
immediately by e-mail if you have received this e-mail by mistake and delete
this e-mail from your system.
E-mail transmission cannot be guaranteed to be secure or error-free as
information could be intercepted, corrupted, lost, destroyed, arrive late or
incomplete, or contain viruses. The sender therefore does not accept
liability for any errors or omissions in the contents of this message which
arise as a result of e-mail transmission. If verification is required
please request a hard-copy version. This message is provided for
informational purposes and should not be construed as a solicitation or
offer to buy or sell any securities or related financial instruments. | john.monaco@citi.com | robert.badeer@enron.com |
badeer-r/deleted_items/10. | subject: FW: Robert Badeer 17Mar e-ticket confirmation / Hertz car confirmed
content: -----Original Message-----
From: Robert Brady (New York) [mailto:Robert.Brady@worldtravel.com]
Sent: Tuesday, March 05, 2002 5:15 PM
To: Rangel, Ina
Subject: Robert Badeer 17Mar e-ticket confirmation / Hertz car confirmed
SALES PERSON: 86 ITINERARY DATE: 05 MAR
02
CUSTOMER NBR: C04785 DKTEER PAGE: 01
TO: ATTN-INA RANGEL 713-853-7257
UBS ENERGY
1500 LOUISIANA
HOUSTON TX 77002
DLVR-06MAR / ETKT
T.A.F. ** NOT ** REQUIRED
FOR: BADEER/ROBERT
PLEASE ADVISE WHEN READY TO ISSUE E-TICKET
17 MAR 02 - SUNDAY
AIR CONTINENTAL AIRLINES FLT:1423 FIRST CLASS LUNCH
LV PORTLAND OR 140P EQP: BOEING 737 300
04HR 09MIN
AR HOUSTON GEO BUSH 749P NON-STOP
ARRIVE: TERMINAL C REF: U2H4XK
BADEER/ROBERT SEAT- 2B
CAR HOUSTON GEO BUSH HERTZ RENT A CAR INTER 4DR CAR AUTO
A/C
PICK UP-1949
RETURN-22MAR/1721
RATE PLAN 5 DAYS 0 HRS USD MI/KM EX MI/KM
DAILY RATE 45.75 UNL
XTRA HOUR- 23.00 UNL
MANDATORY CHARGES 88.10
APPROX RENTAL COST 316.85 UNL
CONFIRMATION NUMBER B7525115008 RATE-SUBJECT TO
CHANGE
CALL-281 443-0800
CD-12295
22 MAR 02 - FRIDAY
AIR CONTINENTAL AIRLINES FLT:1122 FIRST CLASS DINNER
LV HOUSTON GEO BUSH 521P EQP: BOEING 737-800
DEPART: TERMINAL C 04HR 31MIN
AR PORTLAND OR 752P NON-STOP
REF: U2H4XK
BADEER/ROBERT SEAT- 3B
WTP/BTI AMERICAS - NEW YORK OFFICE
HOURS 800A-700P MONDAY-FRIDAY. FOR IN/OUT OF STATE
CALLS 888-827-8785. FOR EMERGENCY ASSISTANCE AFTER
HOURS ONLY CALL 800-819-0950 AFTER HOURS IF OVERSEAS
CALL COLLECT 816-880-3344 AND STATE YOUR EXECUTIVE
ID CODE ***8VF5******
----------------------------------------------------
DUE TO NEW F.A.A. GUIDELINES PASSENGERS ARE REQUIRED
TO CHECKIN 2 HOURS PRIOR FOR DOMESTIC FLIGHTS
AND 3 HOURS PRIOR FOR INTERNATIONAL FLIGHTS
----------------------------------------------------
FARE FOR TICKET 1 IS - 2081.09 | ina.rangel@enron.com | robert.badeer@enron.com |
badeer-r/deleted_items/11. | subject: Access to TAGG
content: Can you please grant access to Robert Badeer for TAGG/ERMS. We need to get him access to TDS and this requires a TAGG login. Bob will be trading on the NW desk under Mike Grigsby effective Monday March 11th. Can you please process this request by tomorrow. Please let me know if you have any questions. Thanks.
PL | m..love@enron.com | management.ubsw@enron.com |
badeer-r/deleted_items/12. | subject: FW: Access to TAGG
content: Access to ERMS and TAGG has been granted. I will email Robert his id and password.
Thanks!
Leah
-----Original Message-----
From: Grigsby, Mike
Sent: Thursday, March 07, 2002 1:06 PM
To: Love, Phillip M.; UBSW Energy Information Risk Management
Cc: Badeer, Robert
Subject: RE: Access to TAGG
Mike Grigsby will work. Sorry.
-----Original Message-----
From: Love, Phillip M.
Sent: Thursday, March 07, 2002 1:04 PM
To: UBSW Energy Information Risk Management
Cc: Grigsby, Mike; Badeer, Robert
Subject: RE: Access to TAGG
please set him up like Mike Grigsby
PL
-----Original Message-----
From: UBSW Energy Information Risk Management
Sent: Thursday, March 07, 2002 1:01 PM
To: Love, Phillip M.
Cc: Grigsby, Mike; Badeer, Robert
Subject: RE: Access to TAGG
Please let me know who Robert needs to be setup like for ERMS.
Thanks!
Leah
-----Original Message-----
From: Love, Phillip M.
Sent: Thursday, March 07, 2002 12:54 PM
To: UBSW Energy Information Risk Management
Cc: Grigsby, Mike; Badeer, Robert
Subject: Access to TAGG
Can you please grant access to Robert Badeer for TAGG/ERMS. We need to get him access to TDS and this requires a TAGG login. Bob will be trading on the NW desk under Mike Grigsby effective Monday March 11th. Can you please process this request by tomorrow. Please let me know if you have any questions. Thanks.
PL | management.ubsw@enron.com | m..love@enron.com, mike.grigsby@enron.com, robert.badeer@enron.com |
badeer-r/deleted_items/13. | subject: FW: Access to TAGG
content: FYI- I finished granting TDS access for Bob. login and password will be rbadeer_pc. Bob - when you get here Monday if you want me to show you how to use and get set up on your machine, let me know. I am at 3-7376 and sit right below the risk management sign. I will follow up with EOL now to see what progress is being made there. Mike - do you want us to change all of the products under Host to Bob and/or add products? Thanks.
PL
-----Original Message-----
From: UBSW Energy Information Risk Management
Sent: Thursday, March 07, 2002 1:28 PM
To: Love, Phillip M.; Grigsby, Mike; Badeer, Robert
Subject: FW: Access to TAGG
Access to ERMS and TAGG has been granted. I will email Robert his id and password.
Thanks!
Leah
-----Original Message-----
From: Grigsby, Mike
Sent: Thursday, March 07, 2002 1:06 PM
To: Love, Phillip M.; UBSW Energy Information Risk Management
Cc: Badeer, Robert
Subject: RE: Access to TAGG
Mike Grigsby will work. Sorry.
-----Original Message-----
From: Love, Phillip M.
Sent: Thursday, March 07, 2002 1:04 PM
To: UBSW Energy Information Risk Management
Cc: Grigsby, Mike; Badeer, Robert
Subject: RE: Access to TAGG
please set him up like Mike Grigsby
PL
-----Original Message-----
From: UBSW Energy Information Risk Management
Sent: Thursday, March 07, 2002 1:01 PM
To: Love, Phillip M.
Cc: Grigsby, Mike; Badeer, Robert
Subject: RE: Access to TAGG
Please let me know who Robert needs to be setup like for ERMS.
Thanks!
Leah
-----Original Message-----
From: Love, Phillip M.
Sent: Thursday, March 07, 2002 12:54 PM
To: UBSW Energy Information Risk Management
Cc: Grigsby, Mike; Badeer, Robert
Subject: Access to TAGG
Can you please grant access to Robert Badeer for TAGG/ERMS. We need to get him access to TDS and this requires a TAGG login. Bob will be trading on the NW desk under Mike Grigsby effective Monday March 11th. Can you please process this request by tomorrow. Please let me know if you have any questions. Thanks.
PL | m..love@enron.com | mike.grigsby@enron.com, robert.badeer@enron.com |
badeer-r/deleted_items/2. | subject: FW: Robert Badeer 10Mar e-ticket confirmation / Hertz car added
content: -----Original Message-----
From: Robert Brady (New York) [mailto:Robert.Brady@worldtravel.com]
Sent: Tuesday, March 05, 2002 5:19 PM
To: Rangel, Ina
Subject: Robert Badeer 10Mar e-ticket confirmation / Hertz car added
SALES PERSON: 86 ITINERARY DATE: 05 MAR
02
CUSTOMER NBR: C04785 DJNBJX PAGE: 01
TO: ATTN-INA RANGEL 713-853-7257
UBS ENERGY
1500 LOUISIANA
HOUSTON TX 77002
DLVR-5MAR / ETKT
NO TAF REQUIRED
FOR: BADEER/ROBERT
10 MAR 02 - SUNDAY
AIR CONTINENTAL AIRLINES FLT:1423 FIRST CLASS MULTI MEALS
LV PORTLAND OR 140P EQP: BOEING 737 300
04HR 09MIN
AR HOUSTON GEO BUSH 749P NON-STOP
ARRIVE: TERMINAL C REF: U2H1GK
BADEER/ROBERT SEAT- 2B
CAR HOUSTON GEO BUSH HERTZ RENT A CAR INTER 4DR CAR AUTO
A/C
PICK UP-1949
RETURN-15MAR/1721
RATE PLAN 5 DAYS 0 HRS USD MI/KM EX MI/KM
DAILY RATE 45.75 UNL
XTRA HOUR- 23.00 UNL
MANDATORY CHARGES 88.10
APPROX RENTAL COST 316.85 UNL
CONFIRMATION NUMBER B7528924362 RATE-SUBJECT TO
CHANGE
CALL-281 443-0800
CD-12295
15 MAR 02 - FRIDAY
AIR CONTINENTAL AIRLINES FLT:1122 FIRST CLASS DINNER
LV HOUSTON GEO BUSH 521P EQP: BOEING 737-800
DEPART: TERMINAL C 04HR 31MIN
AR PORTLAND OR 752P NON-STOP
REF: U2H1GK
BADEER/ROBERT SEAT- 3B
14 MAY 02 - TUESDAY
OTHER NOTE
THANK YOU FOR USING WORLDTRAVEL BTI
CONTINUED ON PAGE 2
SALES PERSON: 86 ITINERARY DATE: 05 MAR
02
CUSTOMER NBR: C04785 DJNBJX PAGE: 02
TO: ATTN-INA RANGEL 713-853-7257
UBS ENERGY
1500 LOUISIANA
HOUSTON TX 77002
DLVR-5MAR / ETKT
NO TAF REQUIRED
FOR: BADEER/ROBERT
WTP/BTI AMERICAS - NEW YORK OFFICE
HOURS 800A-700P MONDAY-FRIDAY. FOR IN/OUT OF STATE
CALLS 888-827-8785. FOR EMERGENCY ASSISTANCE AFTER
HOURS ONLY CALL 800-819-0950 AFTER HOURS IF OVERSEAS
CALL COLLECT 816-880-3344 AND STATE YOUR EXECUTIVE
ID CODE ***8VF5******
----------------------------------------------------
DUE TO NEW F.A.A. GUIDELINES PASSENGERS ARE REQUIRED
TO CHECKIN 2 HOURS PRIOR FOR DOMESTIC FLIGHTS
AND 3 HOURS PRIOR FOR INTERNATIONAL FLIGHTS
----------------------------------------------------
FARE FOR TICKET 1 IS - 2081.09 | ina.rangel@enron.com | robert.badeer@enron.com |
badeer-r/deleted_items/3. | subject: Paycheck Update
content: =20
UBSW Energy LLC Portland Employees
=20
Just a reminder, any of you that are still missing your 2/28 paychecks due =
to postal delays can contact me by e-mail at anthony.jarrett@ubswenergy.com=
<mailto:anthony.jarrett@ubswenergy.com> and I will request a wire transfer=
to deposit the funds directly into your accounts. Earnings statements for=
those of you that have already had wire transfers processed on 3/4 and 3/5=
are now available at my desk ECS 05852. If you request a wire transfer, s=
top payments will be placed on your checks that were sent in the mail. Wire=
transfers may take as long as 24 hours for your bank to post. If you shoul=
d receive the 2/28 checks by mail, there is no need to return the voided ch=
ecks. If any of you have issues with late fees, etc. please let us know an=
d we will be working with the Stamford, CT office to reimburse you for any =
losses. For those of you that have requested wire transfers I will overn=
ight the statements to Chris Calgers attention.
=20
Thanks, Tony Jarrett
=20
=20
-----Original Message-----
From: UBSW Energy General Announcements=20
Sent: Monday, March 04, 2002 10:50 AM
Subject: Missing Paychecks
The checks mailed from Stamford CT, last Monday in some instances where not=
received by Saturday and we are doing all we can to track these down and w=
ork with the affected employees to help them with any commitments they need=
to meet. While difficult to substantiate, it appears the late checks appea=
r to be those for employees whose last names begin with an "S-Z" in the alp=
habet. We are hopeful these checks will arrive today, but if you are still =
missing a pay check, even if you have already called or spoken to me this m=
orning, please e-mail me your home address to anthony.jarrett@ubswenergy.co=
m <mailto:anthony.jarrett@ubswenergy.com> so I can verify the address in th=
e system. If you have personal financial circumstances requiring this payme=
nt today please let me know and we will try to work with you on a case by c=
ase basis. We have already requested that paychecks for the 3/15 paydate be=
Fed Exed to the Houston office to prevent this delay next paydate. I would=
like to receive all notice's by Noon central time today.
Thanks,=20
Tony Jarrett
(713) 853-7829
E-mail: anthony.jarrett@ubswenergy.com <mailto:anthony.jarrett@ubswenergy.c=
om> | announcements.ubsw@enron.com | |
badeer-r/deleted_items/4. | subject: RE: RE: Whats up!!!!!
content: Texans, Titans whatever. They still will suck as bad as the Astros and the
Rockets. I will say though Texas is a good state to watch college football.
Trailblazer's looking good lately, too.
Back to business.
Can you trade in the Robert Badeer account or are you restricted to only
trading corporate funds?
Abuse to later
-----Original Message-----
From: Badeer, Robert [mailto:Robert.Badeer@ubswenergy.com]
Sent: Friday, March 08, 2002 11:59 AM
To: Monaco, John [EM]
Subject: RE: RE: Whats up!!!!!
Monaco,
Traders speculate, pure and simple. At least that what I do. The new
team in Houston is the Texans. I don't really care who they are. The knicks
stink. Talk to you soon.
Badeer
-----Original Message-----
From: Monaco, John [EM] [mailto:john.monaco@citi.com]
Sent: Thursday, March 07, 2002 9:25 AM
To: Badeer, Robert
Subject: RE: RE: Whats up!!!!!
Good, you can go from one wet loser state, to a dry hot loser state.
Good luck trading gas. After eating Taco Bell, I usually make enough to
power all of Long Island for a month.
How does a trader earn their keep? you get a commission selling to another
firm or speculate on price movements and take a position?
Let me know when you are in NY, so I can ensure that I am away.
Good luck in Houston, go Titans!!
"Mono"
-----Original Message-----
From: Badeer, Robert [mailto:Robert.Badeer@ubswenergy.com]
Sent: Thursday, March 07, 2002 11:57 AM
To: Monaco, John [EM]
Subject: RE: RE: Whats up!!!!!
Monaco,
Whats up with you? Great SuperBowl. I hate the Rams, so glad they
lost. I'm going down to Houston to work for UBS on the gas trading desk. New
commodity for me, should be fun. Looking to get back to NY at some point in
the future. I know you'll still be there, stinking up the joint. Anyway,
will let you know how things go. Talk to you soon.
Badeer
-----Original Message-----
From: Monaco, John [EM] [mailto:john.monaco@citi.com]
Sent: Thursday, March 07, 2002 6:40 AM
To: Badeer, Robert
Subject: FW: RE: Whats up!!!!!
Still around!!!!
-----Original Message-----
From: enron.mailsweeper.admin@enron.com
[mailto:enron.mailsweeper.admin@enron.com]
Sent: Thursday, March 07, 2002 9:36 AM
To: Monaco, John [EM]
Subject: RE:RE: Whats up!!!!!
The enron.com recipient(s)
rbadeer@exchange.enron.com
have moved to a new organization. The new email address follows the format
firstname.lastname@ubswenergy.com or
firstname.initial.lastname@ubswenergy.com (as per their original enron.com
email address). Email sent to recipient(s) at enron.com will not be
delivered.
Visit our website at http://www.ubswarburg.com
This message contains confidential information and is intended only for the
individual named. If you are not the named addressee you should not
disseminate, distribute or copy this e-mail. Please notify the sender
immediately by e-mail if you have received this e-mail by mistake and delete
this e-mail from your system.
E-mail transmission cannot be guaranteed to be secure or error-free as
information could be intercepted, corrupted, lost, destroyed, arrive late or
incomplete, or contain viruses. The sender therefore does not accept
liability for any errors or omissions in the contents of this message which
arise as a result of e-mail transmission. If verification is required
please request a hard-copy version. This message is provided for
informational purposes and should not be construed as a solicitation or
offer to buy or sell any securities or related financial instruments. | john.monaco@citi.com | robert.badeer@enron.com |
badeer-r/deleted_items/5. | subject: RE: BADGE
content: Go with Ina
-----Original Message-----
From: Badeer, Robert
Sent: Friday, March 08, 2002 11:08 AM
To: Grigsby, Mike
Subject: RE: BADGE
Grigs,
Ina said it would be on the 5th floor of the new building. Which is right?
-----Original Message-----
From: Grigsby, Mike
Sent: Friday, March 08, 2002 6:46 AM
To: Badeer, Robert
Subject: BADGE
Your badge will be waiting for you at the front desk in the north tower on mon. if not, then call and we will retrieve you.
Michael D. Grigsby, Executive Director
UBS Warburg Energy, LLC
Work: 713-853-7031
Mobile: 713-408-6256 | mike.grigsby@enron.com | robert.badeer@enron.com |
badeer-r/deleted_items/6. | subject: BADGE
content: Your badge will be waiting for you at the front desk in the north tower on mon. if not, then call and we will retrieve you.
Michael D. Grigsby, Executive Director
UBS Warburg Energy, LLC
Work: 713-853-7031
Mobile: 713-408-6256 | mike.grigsby@enron.com | robert.badeer@enron.com |
badeer-r/deleted_items/7. | subject: FW: Badge Access
content: When you get here on Monday morning, come to the 5th floor reception of the new building. If your badge is not there, then I will come and pick you up when you get here and bring you up. Your badge will be ready Monday for sure, whether it be morning or afternoon I am not sure of.
-Ina
-----Original Message-----
From: Curless, Amanda
Sent: Thursday, March 07, 2002 2:50 PM
To: Rangel, Ina
Subject: RE: Badge Access
Ina,
We can most likely have this by Monday morning and he can pick this up at the 5th floor reception. If he has any problems he can call me. Thanks!
Mandy
-----Original Message-----
From: Rangel, Ina
Sent: Thursday, March 07, 2002 2:39 PM
To: Curless, Amanda
Subject: RE: Badge Access
<< File: Badge Access Form.doc >>
I filled out all of the information that I had on him. Will he be able to have his badge by Monday morning and where will he go to pick it up.
Ina
-----Original Message-----
From: Curless, Amanda
Sent: Thursday, March 07, 2002 2:00 PM
To: Rangel, Ina
Subject: Badge Access
<< File: Badge Access Form.doc >>
Ina,
Pleae fill out and return to me at ECS 05848. You can e-mail this to me if this is easier. Thanks!
Mandy | ina.rangel@enron.com | robert.badeer@enron.com |
badeer-r/deleted_items/8. | subject: Steve Cooper Articles
content: As we work to turn the company around, interim CEO Steve Cooper is quickly becoming a credible advocate for our restructuring. This week, Steve participated in a number of media interviews with print and wire service reporters. Below are links to the stories resulting from those interviews.
FINANCIAL TIMES: Enron chief considers law suits to recover cash
http://home.enron.com/updates/articles/lawsuits.html
AP ONLINE: New Enron CEO Cooper Sees Rebirth
http://home.enron.com/updates/articles/notimpossible.html
CP WIRE: Enron can be salvaged: CEO Collapsed company faces hurdles
http://home.enron.com/updates/articles/salvaged.html
THE WASHINGTON POST: Cooper's Crash Course; In Enron, the Turnaround Expert Faces His Biggest Challenge
http://home.enron.com/updates/articles/crashcourse.html
REUTERS: Enron's top execs to stay on post Ch. 11-CEO.
http://home.enron.com/updates/articles/execsstay.html
DOW JONES NEWS SERVICE: Enron Interim CEO: Still Interviewing Auditors
http://home.enron.com/updates/articles/auditors.html
HOUSTON CHRONICLE: Enron utility sale could be canceled
http://home.enron.com/updates/articles/utilitysale.html
CBSMARKETWATCH: Interim CEO Cooper expects a return to regulated roots
http://home.enron.com/updates/articles/roots.hth | announcements.enron@enron.com | dl-ga-all_domestic@enron.com |
badeer-r/deleted_items/9. | subject: FW: The Enron Song
content: -----Original Message-----
From: Heizenrader, Tim
Sent: Friday, March 08, 2002 11:24 AM
To: Sheppard, Kathryn
Subject: The Enron Song
Heard this? Play the attached w/ Realplayer... | kathryn.sheppard@enron.com | tom.alonso@enron.com, robert.anderson@enron.com, robert.badeer@enron.com, |
badeer-r/discussion_threads/1. | subject: ENRON HOSTS ANNUAL ANALYST CONFERENCE PROVIDES BUSINESS OVERVIEW
content: HOUSTON - Enron Corp. hosted its annual equity analyst conference today in=
=20
Houston. Ken Lay, Enron chairman and chief executive officer, opened the=
=20
conference by highlighting Enron=01,s tremendous growth across all business=
es=20
and the outstanding 700 percent return to shareholders over the past decade=
.
Enron presented key objectives for 2000:
? Continued strong growth in the core Wholesale Energy businesses.
? Break-out performance from Retail Energy Services.
? Rapid development of Enron Broadband Services.
Enron=01,s ability to extend core skills and competencies to new markets wa=
s a=20
recurring theme throughout the day.
Wholesale Energy Business
Growth prospects remain strong for Wholesale Energy Operations and Services=
,=20
Enron=01,s largest business. Wholesale energy growth in North America is=
=20
expected to be driven by the continuing deregulation of power markets in th=
e=20
United States and large-scale energy outsourcing by utilities and large=20
energy consumers. Enron expects to continue to broaden its early lead acro=
ss=20
the European continent as markets quickly open to competition. Finally,=20
Enron is rapidly expanding its wholesale presence in other markets such as=
=20
Japan, where large customers will be permitted to choose their electricity=
=20
provider in March 2000.
EnronOnline will provide additional wholesale growth as incremental sales a=
re=20
generated through this innovative, Internet-based transaction system. Over=
=20
450 customers around the world have used EnronOnline and over 10,000=20
transactions have been completed since its introduction in late November=20
1999. Yesterday, EnronOnline transaction levels reached a new record with=
=20
over 700 transactions, representing a notional value of $250 million. =20
Transaction processing costs with EnronOnline are significantly lower than=
=20
costs associated with traditional transaction methods.
Enron=01,s Gas Pipeline Group is also well positioned to continue growing, =
with=20
expansions planned or underway on several of its systems.
Retail Energy Services
With over 16,500 facilities under management, the infrastructure is in plac=
e=20
to service customers worldwide. As the strong contracting momentum=20
continues, Enron Energy Services is poised to rapidly increase earnings in=
=20
2000. Enron Energy Services=01, goal for 2000 is to sign new contracts=20
representing $16 billion in future expenditures by customers for energy and=
=20
energy services, nearly double the level in 1999.
Enron Broadband Services
The new name of Enron=01,s communications business, Enron Broadband Service=
s,=20
reflects its role in the very fast growing market for premium broadband=20
services. Enron is deploying an open, flexible global broadband network=20
controlled by software intelligence, which precludes the need to invest in =
a=20
traditional point-to-point fiber network. This Enron Intelligent Network i=
s=20
widely interconnected to both other wholesale bandwidth carriers and to=20
Internet service providers, thus providing the platform for two new Enron=
=20
business centers, bandwidth intermediation and broadband content delivery.
A direct transfer of Enron=01,s core market making and risk management skil=
ls=20
from its energy businesses, bandwidth intermediation will provide=20
capacity-holders a vast array of alternatives for flexible, low cost=20
capacity. Enron will also provide premium broadband content services, such=
=20
as high-quality video-streaming and large broadband file transfer, with=20
differentiated levels of quality in a usage-based business model.
As announced in a separate release, Enron also reached an agreement with Su=
n=20
Microsystems that provides for accelerated development of broadband Interne=
t=20
services.
Enron is one of the world=01,s leading electricity, natural gas and=20
communications companies. The company, which owns approximately $34 billio=
n=20
in energy and communications assets, produces electricity and natural gas,=
=20
develops, constructs and operates energy facilities worldwide, delivers=20
physical commodities and financial and risk management services to customer=
s=20
around the world, and is developing an intelligent network platform to=20
facilitate online business. Enron=01,s Internet address is www.enron.com, =
and=20
the stock is traded under the ticker symbol, =01&ENE.=018
##
This press release includes forward looking statements within the meaning o=
f=20
Section 27A of the Securities Act of 1933 and Section 21E of the Securities=
=20
Exchange Act of 1934. Although Enron believes that its expectations are bas=
ed=20
on reasonable assumptions, it can give no assurance that its goals will be=
=20
achieved. Important factors that could cause actual results to differ=20
materially from those in the forward looking statements herein include=20
political developments in foreign countries, the ability to penetrate new=
=20
wholesale and retail natural gas, electricity and broadband services market=
s,=20
including the energy outsource market, in the United States and Europe, the=
=20
timing and extent of changes in prices for crude oil, natural gas,=20
electricity and those relating to broadband services and content, the timin=
g=20
and effect of changes in interest rates, the timing and success of Enron=01=
,s=20
efforts to develop domestic and international power, pipeline,=20
communications, internet-related and other infrastructure projects, and=20
conditions of the capital markets and equity markets during the periods=20
covered by the forward looking statements. | press.release@enron.com | all.worldwide@enron.com |
badeer-r/discussion_threads/10. | subject: CAISO Notification: Joint 2002-2004 RMR Study & Integrated Annual
content: > Market Participants,
>
> The Cal-ISO has begun preparations for performing the technical study to
> determine RMR MW requirements for the ISO-controlled grid in years
> 2002-2004. The results of this Study will be used in the Multi-year LARS
> 2002-2004 RMR process tentatively scheduled for the 1st quarter of 2001.
> Some preliminary work has been done to formulate a draft Study Plan and to
> develop Base Cases to perform the 2002-2004 RMR Technical Study. The draft
> Study Plan and Base Cases have been posted on the ISO web site:
> http://www.caiso.com/docs/2000/04/28/2000042807462411493.html
>
> In addition, the Cal-ISO has developed a draft Study Plan and are
> developing Base Cases to perform this year's Integrated Transmission
> Expansion Plan that will supplement the PTOs annual Transmission Expansion
> Plans. The draft Study Plan will be posted by 6/1/00, and the Base Cases
> will be posted by 6/7/00 on the ISO Web site :
> http://www.caiso.com/docs/2000/02/28/2000022816395812019.html
>
> A joint RMR and Expansion Plan Study "kick-off" Stakeholder meeting will
> be held on Monday June 12, 2000, between 10:00 a.m. and 4:00 p.m., in
> Conference Room 101A-Rooms 1a & 1b at Cal-ISO Headquarters on 101A Blue
> Ravine Road in Folsom to discuss these preliminary Study work products.
> THE FOCUS OF THIS MEETING WILL BE ON TECHNICAL STUDY ISSUES - NOT ON
> POLICY. The meeting agenda is attached.
>
> Please RSVP by Wednesday June 7, 2000, including the number of attendees
> from your organization, to Kristine Hargrave of the Cal-ISO at (916)
> 351-4470 or khargrave@caiso.com.
>
> If you have questions regarding the meeting arrangements, please contact
> Kristine. If you have questions regarding the Study efforts, please
> contact Steve Mavis at 916-351-2112 or smavis@caiso.com.
>
> <<Joint RMR and Expansion Plan Study agenda jun12.pdf>>
>
Don Fuller
Director, Client Relations
Sent on behalf of Don Fuller by Alice Leonard
Alice Leonard
Client Relations
(916) 351-4467
aleonard@caiso.com
- Joint RMR and Expansion Plan Study agenda jun12.pdf | aleonard@caiso.com | marketparticipants@caiso.com, brbarkovich@earthlink.net, bmspeckman@aol.com, |
badeer-r/discussion_threads/100. | subject: cong
content: 3rd day of cong meeting | robert.badeer@enron.com | |
badeer-r/discussion_threads/101. | subject: CAISO NOTICE: CMR Comments Deadline - Friday, July 28, 5pm
content: Market Participants:
Just a couple of friendly reminders...
1. The deadline for you to submit your preliminary comments for the CMR
Recommendation will be tomorrow, Friday, July 28, 2000 at 5:00pm.
2. Please remember you will need to use the template we have provided for
you. You can download the template from the CAISO website at
http://www.caiso.com/clientserv/congestionreform.html Scroll down to the
Congestion Management Reform Recommendation (DRAFT) Feedback Form,
highlighted in yellow.
Should you have any questions, please feel free to contact either myself or
my assistant Colleen Grant.
Thank you in advance for your timely responses, and your adherence to using
the template we have provided for you.
Byron Woertz
Director, Client Relations | cgrant@caiso.com | 20participants@caiso.com |
badeer-r/discussion_threads/102. | subject: Block forwards
content: Positions have been reduced as follows for Aug-00 to adher to the 50%
reduction in the physical side of
block forwards per christian Yoder to the calpx:
Q-00 Total physical position before 50% reduction is (250)
SP-15
LTCA - REDUCED BY 25 MW
LTWMGM -REDUCED BY 25 MW
LTNW -REDUCED BY 50 MW
LTSW -REDUCED BY 25 MW
STCA -REDUCED BY 25 MW
NP-15
LTNW -REDUCED BY 25MW
If you have any questions, please refer them to Bob.
Thank you. | carla.hoffman@enron.com | robert.badeer@enron.com, tim.belden@enron.com, mike.swerzbin@enron.com, |
badeer-r/discussion_threads/103. | subject: Bonafide Commercial Reasons for non-delivery
content: Bob,
Good talking to you this am.
You can send the email to the following people:
rmills@calpx.com
mathompson@calpx.com
dabrabb@calpx.com
Regards,
Drew | drew_a_brabb@calpx.com | robert.badeer@enron.com |
badeer-r/discussion_threads/104. | subject: Form for Block Forward / Bilateral Delivery
content: Bob,
If you are planning to go bilateral versus financial, check out this form.
The instructions are pretty straight forward.
If you have any questions, give me a call at 626-487-9045.
Thanks. Drew
(See attached file: 146BilateralDeliveryNotice.dot)
- 146BilateralDeliveryNotice.dot | drew_a_brabb@calpx.com | robert.badeer@enron.com |
badeer-r/discussion_threads/105. | subject: Block Forward Financial Deals
content: Sir,
For the month of August, 2000, we will take 50% of our open Block Forward
position financial instead of physical. We would like to make this change
because we think the elimination of physical risk will benefit us
commercially. Thus for bona fide commercial reasons, we will go financial
with 50% of our open Block Forward position.
Bob Badeer
Manager
West Power Trading
Enron North America | robert.badeer@enron.com | rmills@calpx.com, mathompson@calpx.com, dabrabb@calpx.com |
badeer-r/discussion_threads/106. | subject: CAISO Notice - Congestion Management Reform Stakeholder Meetings
content: Market Participants:
After yesterday's announcement of CMR stakeholder meeting
schedule changes, we learned of a conflict with previously-scheduled
meetings on August 15 that affected many of you who have been active in the
CMR process. As a result, we have rescheduled the stakeholder meetings to
discuss details of the CMR Recommendation for August 16-18. We give you
specifics of these meetings as soon as they are available.
Byron Woertz
Director, Client Relations | bwoertz@caiso.com | 20participants@caiso.com |
badeer-r/discussion_threads/107. | subject: CAISO Notice - Posting of Additional Appendices to Support CMR Re
content: Market Participants:
The ISO has posted the following materials regarding CAISO's
Congestion Management Reform (CMR) Recommendation.
Congestion Management Reform Recommendation (This is the
same as the version posted on July 11th with the exception that we have
corrected typographical errors.)
Appendix A - Terminology and Acronyms A glossary of various
terms and acronyms used throughout the CMR Recommendation package.
Appendix B - Locational Price Dispersion Study Summarizes
the areas of empirical study in which the ISO is currently engaged and
describes the objective, design, and preliminary results of the ISO's
analysis of the dispersion of locational prices throughout the ISO control
area.
Appendix D - Assessment of CMR Design Recommendation with
Respect to Stakeholder Evaluation Criteria Compares the CMR Recommendation
against the specific evaluation criteria agreed to by the ISO and Market
Participants at the first stakeholder meetings.
Appendix E - Congestion Management Redesign Options Not
Adopted in the CMR Recommendation
Appendix G - System Impacts Summarizes the anticipated
impact of CMR Recommendation on the ISO's primary systems, such as SI/SA,
BBS, FTR, EMS, etc. The purpose of this appendix is not to provide detailed
cost-benefit evaluation of the proposal, which we believe would be entirely
subjective and of little value.
Appendix H - Intra-Zonal Congestion Management Mitigation
Costs During 1999 and Their Application to Local Reliability Areas.
It is our intent to publicly distribute Appendix C, as
identified below, by mid August. In the final draft of
the recommendation package, to be publicly distributed and
provided to the Board in late August, we will
provide the following additional appendices as well as
updated versions of those identified above.
Appendix C - Market Separation Study The objectives, design,
and preliminary results of the other ongoing study being undertaken in
connection with the Congestion Management Reform process.
Appendix F - Summary of Stakeholder Comments of California
ISO Congestion Management Proposals A summary of all stakeholder comments
received to date on the various proposals and concepts incorporated into
this recommendation package.
You can find these Appendices along with the original
proposal and feedback form at
http://www.caiso.com/clientserv/congestionreform.html.
Byron Woertz
Director, Client Relations | cgrant@caiso.com | 20participants@caiso.com |
badeer-r/discussion_threads/108. | subject: MARKET NOTICE---EMERGENCY OPERATING ORDER RELATING TO UNINSTRUCTE D
content: ---------------------- Forwarded by Robert Badeer/HOU/ECT on 07/31/2000 05:47
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: CAISO Market Operations - Hour Ahead
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=SYSTEM_CN=MARKETOPSHOURAHEAD@caiso.com>
07/31/2000 04:24 AM
To: "Market Status: Hour-Ahead/Real-Time"
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=MKTSTATHOURAHEAD@cai
so.com>, Market Status <MarketStatus@caiso.com>
cc:
Subject: MARKET NOTICE---EMERGENCY OPERATING ORDER RELATING TO UNINSTRUCTE D
DEVIATIONS JULY 31, 2000
MARKET NOTICE---EMERGENCY OPERATING ORDER RELATING TO UNINSTRUCTED
DEVIATIONS JULY 31, 2000
This notice is to advise all Scheduling Coordinators and owners of
Generation in the ISO Control Area that the ISO is issuing an operating
order for July 31, 2000, that all resources must follow final Hour Ahead
Schedules, as adjusted by RMR Dispatch Notices, or by Dispatch instructions
verbal or electronic, on Ancillary Service or Supplemental Energy bids. NO
UNINSTRUCTED DEVIATIONS WILL BE ALLOWED. Section 2.3.1.2.1 of the ISO
Tariff requires Market Participants in the ISO Control Area to "comply fully
and promptly with the ISO's operating orders." Any Generating Unit with real
time output that reflects an excessive deviation from the real time output
consistent with its Final Hour Ahead Schedule as adjusted by Dispatch
instructions, and assuming a 20 minute ramp across the top of the hour for
hourly Schedule changes, will be deemed to have failed to comply with this
operating order. For the purpose of this determination, an excessive
deviation shall be the smaller of 10% of a Generating Unit's maximum
capability, or 10 MW. The only exception to this finding is a Generating
Unit that provides the ISO with timely notification of a unit outage or
derate. Failure to comply with this operating order threatens the reliable
operation of the ISO Control Area. In particular, uninstructed incremental
deviations by Generating Units that are "chasing" the BEEP Interval Prices
published by the ISO are directly responsible for the frequency excursions
the ISO experienced June 13, 2000. The ISO will take the following actions
with respect to those Generating Units that fail to comply with this
Operating Order: 1) ISO Management will deliver a report to the ISO
Governing Board that provides a copy of this notice, and a comparison of the
instructed and actual output profile for each Generating Unit that fails to
comply. 2) The ISO will assign any WSCC RMS penalties associated with
frequency deviations to the Generating Units that fail to comply. | robert.badeer@enron.com | tim.belden@enron.com |
badeer-r/discussion_threads/109. | subject: Organisational Announcement - Introducing Enron Global Markets
content: As evidenced by an exceptionally strong performance in the second quarter,=
=20
Enron=01,s wholesale energy businesses in North America and Europe continue=
to=20
experience tremendous growth. The opportunities to continue to grow our=20
natural gas and power businesses have never been better and it is critical =
to=20
Enron=01,s future success that we remain focused on expanding these busines=
ses=20
and maintaining the strong momentum we have in these markets.
It is equally important that we continue to develop new businesses outside =
of=20
gas and electricity, which can make significant contributions to our earnin=
gs=20
growth. We have made significant progress in developing these businesses i=
n=20
North America, Europe, and most recently in our new Net Works business unit=
. =20
Included in these global businesses are our efforts in crude and products,=
=20
coal, emissions, insurance, currency, equity trading, interest rates, credi=
t=20
trading, paper and pulp, and metals.
While significant progress has been made in these efforts we need to=20
accelerate the growth of these new businesses while continuing to=20
aggressively expand our core gas and electricity businesses in North Americ=
a=20
and Europe. In order to accomplish these two objectives and to capitalize =
on=20
the increasingly global opportunities in these new businesses we are today=
=20
announcing the formation of a new business unit =01) Enron Global Markets. =
This=20
new business unit will focus on markets and commodities which are global in=
=20
scope, but outside our traditional gas and power markets. This new core=20
business unit will operate in parallel with and in close coordination with=
=20
the North American and European businesses.
Enron Global Markets will be headed by Mike McConnell, President and Chief=
=20
Executive Officer, and Jeff Shankman, Chief Operating Officer. They will=
=20
report to Mark Frevert who will be Chairman of Enron Global Markets. Mark,=
=20
Mike and Jeff will comprise the Office of the Chairman for Enron Global=20
Markets.
Included in this new business unit and reporting to the Office of the=20
Chairman will be the following businesses and their leaders:
- Global Crude and Products: John Nowlan
- Coal: George McClellan
- Currency, equities, interest rate and agricultural trading: Gary Hickers=
on
- Insurance and weather: Jere Overdyke
Enron=01,s metals business and Enron Credit.com will remain the responsibil=
ity=20
of Enron Europe. The Paper and Pulp business will continue to reside in Nor=
th=20
America.=20
With the departure of Mike McConnell from Enron Net Works, we are pleased t=
o=20
announce the following appointments in that business unit:
- Jeff McMahon: President and Chief Operating Officer
- Louise Kitchen: Chief Commercial Officer
- Philippe Bibi: Chief Technology Officer
Jeff, Louise and Philippe, along with Greg Whalley, will comprise the Offi=
ce=20
of the Chairman for Enron Net Works.
With Jeff Shankman=01,s departure from Enron North America=01,s natural gas=
=20
operation, all of Jeff=01,s direct reports will report to John Lavorato.
We are also pleased to announce the following changes to the Enron North=20
America Office of the Chairman. John Lavorato will join the ENA Office of=
=20
the Chairman as Chief Operating Officer. Dave Delainey will assume the rol=
e=20
of President and Chief Executive Officer. Mark Frevert will retain his rol=
e=20
as Chairman of Enron North America in addition to his role as Chairman of=
=20
both Enron Global Markets and Enron Europe.
Please join us in congratulating everyone in their new assignments and in=
=20
supporting the new Enron Global Markets organisation. | office.chairman@enron.com | all.worldwide@enron.com |
badeer-r/discussion_threads/11. | subject: CAISO Notification: Commencement of 2000 Operational Study in Jul y
content: Market Participants:
> PricewaterhouseCoopers (PwC) is planning to commence the 2000 Operational
> Study in July 2000. As in past years, PwC is seeking input from market
> participants prior to recommending the specific procedures to be covered
> in this Operational Study. The Audit Committee will make the final
> decision on the scope of the Study based on recommendations from PwC,
> which will reflect input from this stakeholder feedback process.
>
> Please call or e-mail Charlotte Martin at (916) 351-2118 /
> cmartin@caiso.com to request a meeting (in person or via conference call)
> with PwC to discuss the scope of this study.
>
> As described at the May Audit Committee meeting, market participants will
> be given the opportunity to have a member of Operations management, Trent
> Carlson, present during all or a portion of the meetings. At its recent
> meeting, the Audit Committee reaffirmed its position that information
> conveyed during these meetings is to be treated in the strictest
> confidence when the market participants so desire.
>
> When making arrangements for the meeting please advise Charlotte which of
> the three choices you desire:
> 1) Meet with PwC only
> 2) Meet with PwC and Trent Carlson
> 3) Meet first with PwC only; followed by a session including Trent
> Carlson to cover certain matters addressed in the first meeting that the
> market participant wish to communicate directly to CAISO management.
>
Don Fuller
Director, Client Relations
Sent on behalf of Don Fuller by Alice Leonard
Alice Leonard
Client Relations
(916) 351-4467
aleonard@caiso.com | aleonard@caiso.com | marketparticipants@caiso.com |
badeer-r/discussion_threads/110. | subject: information from iso
content: Jeff,
Tim told me to put together a list of inormation we would want from the ISO.
As a general rule, we want all information released. Here are some of the
highlights:
1. ETC schedules on each transmission line (both DA and HA). We want to see
the ETC schedules at the same time they are submitted to the ISO on the
following paths:
a. path 15
b. path 26
c. nw1
d. nw3
e. az2
f. az3
g. lc1
2. Actual flows on each path. (real time flows)
3. How many mw's get cut on each path DA? i.e. how many mw's are adjustment
bid out of the stack
4. Intrazonal Cong
a. What paths have intra-zonal cong
b. How many mw's flow, how many get cut on a DA/HA basis
5. BEEP stack
6. All load and generation bids DA by SC
7. Real time production from each plant | robert.badeer@enron.com | jeff.dasovich@enron.com |
badeer-r/discussion_threads/111. | subject: CAISO Energy - Brokers (2)
content: Dear All,
I have heard from several of you today that we continue to receive Broker
Confirms which reference "WSPP Schedule C" instead of "CAISO Energy" for
deals done at California Delivery Points. I have spoken with Bob Badeer and
he promised me that he and Jeff are going to call them as soon as they can.
In the meantime, if for any SP15, NP15, or Z26 deals we receive a Broker
Confirmation with "WSPP Schedule C" instead of "CAISO Energy", please mark
out the former by hand and replace it with the latter. Then fax the amended
Confirmation back to the Broker and say something in the fax Cover Sheet to
the effect of :
"We have amended the attached Confirmation(s) to show that the relevant
energy purchased/sold is "CAISO Energy". Please revise your Confirmation(s)
to reflect this modification and send the amended Confirmation(s) to us and
our Counterparty. Should you have any questions with regard to the "CAISO
Energy" product, please contact Bob Badeer on (503) 464-3926 or Jeff Richter
on (503) 464-3720."
Let's give Bob and Jeff some time to call the brokers and I would propose to
reassess the situation next Monday (I am out of the office on business on
Friday). Let's see where we are then.
Thanks everyone,
Shari
----- Forwarded by Shari Stack/HOU/ECT on 07/31/2000 05:57 PM -----
Shari Stack
07/27/2000 04:07 PM
To: Robert Badeer/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT
cc: Tim Belden/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Elizabeth
Sager/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT
Subject: Power Brokers who will not reference CAISO Energy
Bob & Jeff,
At my request, the Confirm Desk has put together a list of Brokers who
continue to reference " West Firm" rather than "CAISO" in their Broker
Confirmations for deals done at the California Delivery Points. Please see
Kim's email below.
Could you please speak with each of them and reiterate that they must
specifically reference "CAISO" energy in their Confirmations if that is the
product we told them that we would buy or sell?
Bob- I will call you later on this afternoon about Pacificorp. We got 2 more
Confirms today with "CAISO" stricken through.
Thanks in advance guys,
Shari Stack
Enron North America, Legal Department
Tel: (713) 853-9477
----- Forwarded by Shari Stack/HOU/ECT on 07/27/2000 02:45 PM -----
Kim S Theriot
07/27/2000 02:23 PM
To: Shari Stack/HOU/ECT@ECT
cc:
Subject: Power Brokers-CAISO Reference
The following are Brokers and their respective back office contacts:
Prebon Angie Martinez at 201-557-5999
example: Trade Date: 7/25/00 reference #254667 and #254543.
Natsource Sherry Fountain 212-896-2154
example: Trade Date 7/26/00, their ref # 1297561221
Tradition Dana Enright 203-316-2678
example: Trade Date 7/25/00, their ref # E58505S
Optimum Kirsty 403-215-8162
example: Trade Date 7/26/00, their ref # 07304
Altra Jennifer Barrett 713-210-8279
exmple: Trade Date 6/23/00 ref#14085
Amerex Chad (Broker) 281-634-9020
Amerex specifies "Firm CAISO Energy WSPP Schedule C with liquidating
damages"
Bloomberg Karen Kingsbury 212-893-3233
Trade Date 7/26/00, ref. # 20000726400002
We will bring you copies of the Broker Statements above. Let me know if you
need anything else.
Kim | shari.stack@enron.com | evelyn.metoyer@enron.com, amy.degeyter@enron.com, stephanie.piwetz@enron.com, |
badeer-r/discussion_threads/112. | subject: GREAT NEWS ****FERC Order on Morgan Stanley Complaint Against ISO
content: Dan Douglass summarized this. This really puts CA and the ISO on notice that
they cannot confiscate the power as they seem ready to do -- FERC reiterates
that the generators can sell power wherever they want because the cap is a
cap on ISO purchases. ANd if the ISO want to set a sale price cap it has to
file with FERC, wait 60 days and amend its contract
---------------------- Forwarded by Susan J Mara/SFO/EES on 08/01/2000 01:01
AM ---------------------------
"Daniel Douglass" <douglass@ArterHadden.com> on 07/31/2000 07:27:24 PM
To: <peter.bray@att.net>, <JBarthrop@electric.com>, <mnelson@electric.com>,
<rschlanert@electric.com>, <Bruno_Gaillard@enron.com>, <kmagrude@enron.com>,
<mpetroch@enron.com>, <susan_j_mara@enron.com>, <athomas@newenergy.com>,
<bchen@newenergy.com>, <Jeff.Hanson@phaser.com>, <anchau@shellus.com>,
<andrew.madden@utility.com>, <ben.reyes@utility.com>,
<chris.king@utility.com>, <david.bayless@utility.com>
cc:
Subject: FERC Order on Morgan Stanley Complaint Against ISO
We have good news on the ISO price caps front. The FERC has made it
clear that ISO does not have the ability to mandate that generators sell to
ISO at its price caps and that the proper response to inadequate supply is to
lift the price caps.
On Friday, the FERC issued its Order on Complaint in connection with the July
10 complaint filed by Morgan Stanley Capital Group Inc. ("MS"). As you may
recall, MS requested FERC to issue a stay of the ISO's maximum purchase price
authority and to direct the ISO to reverse any price cap reductions. MS
sought Fast Track processing pursuant to Rule 206(h), which was granted by
FERC on the grounds that the complaint "warrants expeditious action."
As a quick background summary for you, last November, FERC issued an order
approving Tariff Amendment 21 which extended ISO's price cap authority
through 11/15/00. That order stated that the ISO "maximum purchase price was
not a cap on what the seller may charge the ISO, but a cap on what the ISO
was willing to pay." The Commission said that sellers dissatisfied with the
price cap could "choose to sell those services into the California Power
Exchange or bilateral markets."
FERC notes in Friday's Order that the 6/28 the ISO's Board resolution lowered
the caps to $500 and ISO further directed that, "To the extent permitted by
law, regulation and pre-existing contract, Management shall direct generators
to bid in all their capacity when system load exceeds 38,000 MW."
The MS complaint alleged that the cap reduction was unlawful and would,
"threaten the stability and integroty of the marketplace." MS also requested
an emergency technical conference to examine ISO's justification for the
price cap reduction.
FERC denied the MS stay request, as well as its request that the $750 maximum
purchase price be reinstated. The Commission reiterates that it is not
approving a cap on sellers' prices, because they can sell at whatever price
they want. Rather ISO has simply stated the maximum price it is willing to
pay. "Because sellers are not required to sell to the ISO, the ISO cannot
dictate their price."
Importantly, however, FERC also states that, "ISO has no more or less ability
to procure capacity and energy than any other buyer of these services....if
the ISO is unable to elicit sufficient supplies at or below its announced
purchase price ceiling (because generators are free to sell elsewhere if they
choose), it will have to raise its purchase price to the level necessary to
meet its needs." [Emphasis added] FERC then notes that this may lead to an
increase in Out of Market ("OOM") calls and that OOM calls are not subject to
a maximum purchase price.
Also, with regard to the ISO's resolution stating that generators must bid
their capacity into the ISO markets when system load exceeds 38,000 MW, FERC
states clearly that, "such a requirement is not permitted by our November 12
Order and the ISO tariff." [Emphasis added]
FERC goes on to say that any requirement to sell to ISO in conjunction with a
maximum purchase price would require significant revisions to ISO's market
rules, which could not be made effective without a corresponding amendment to
ISO's tariff. This would require 60 days' advance notice, "and could not be
implemented prior to Commission approval. As stated above, our November 12
Order was clearly based on the premise that the proper response to inadequate
supply (due to a low maximum purchase price) is to raise the maximum purchase
price."
ISO is then "put on notice that any amendment to mandate sales must be
accompanied by a demonstration that this extreme measure is the proper
response to low supplies in the ISO markets."
Concurrences were filed by Commissioners Massey and Hebert. Massey suggests
that the state has to facilitate solutions to market issues, such as risk
management tools, removing constraints on hedging opportunities, introducing
real time pricing through real time metering and expediting approval of new
generation and transmission projects in California. Hebert says that the
previous November Order tried to "straddle the fence" and that, "Today, the
Commission at least starts to lean slightly in the right direction of
recognizing that we have a role." He then reiterates his preference for
removing all price caps. He also suggests that, "Getting to the bottom of
the problem, in my view, requires us to begin a proceeding to rescind our
approval of the ISO as operator of the California grid. The record supports
such a move." He refers approvingly to the Collins resignation letter,
stating that it, "thoughtfully outlines consequences to the market of a
return to 'command and control.' " Hebert states that, "The independence of
the ISO's governing structure stands threatened. We should 'stand up,' to
quote the resignation letter." Hebert advocates opening a section 206
proceeding now, as part of the recently announced inquiry into bulk power
markets, "including the California markets."
This decision makes it clear that ISO cannot lower the caps at tomorrow's
meeting and expect that sellers will be required to sell to it at that
price. This is an important development and very good news in our ongoing
efforts to seek economic sanity at the ISO.
Please call if you have any questions.
Dan | susan.mara@enron.com | david.parquet@enron.com, tim.belden@enron.com, robert.badeer@enron.com, |
badeer-r/discussion_threads/113. | subject: information from iso
content: i would categorize things in the following manner:
day ahead markets we want bid information (e.g., ancillary service markets,
transmission markets, generation adjustment bids, load adjustment bids,
import adjustment bids, export adjustment bids), initial preferred schedules,
final schedules.
hour ahead markets we want the same thing.
real time market we want bid information, beep dispatch instructions.
after the fact we want actual meter information to get actual unit by unit
production and load zone consumption.
per bob badeer, we want to see transmission information broken down between
new firm use and existing transmission contracts. we need adjustment bids,
day ahead schedules, hour ahead schedules, real time adjustments, actual
flows, and transmission availability by category of ownership (etcs, nfu).
we want this for all transmission lines.
unit outage information. planned outages and forced outages.
rmr calls.
---------------------- Forwarded by Tim Belden/HOU/ECT on 08/01/2000 06:14 AM
---------------------------
From: Robert Badeer on 07/31/2000 04:05 PM
To: Jeff Dasovich/SFO/EES@EES
cc: Tim Belden/HOU/ECT@ECT, Jeff Richter/HOU/ECT@ECT
Subject: information from iso
Jeff,
Tim told me to put together a list of inormation we would want from the ISO.
As a general rule, we want all information released. Here are some of the
highlights:
1. ETC schedules on each transmission line (both DA and HA). We want to see
the ETC schedules at the same time they are submitted to the ISO on the
following paths:
a. path 15
b. path 26
c. nw1
d. nw3
e. az2
f. az3
g. lc1
2. Actual flows on each path. (real time flows)
3. How many mw's get cut on each path DA? i.e. how many mw's are adjustment
bid out of the stack
4. Intrazonal Cong
a. What paths have intra-zonal cong
b. How many mw's flow, how many get cut on a DA/HA basis
5. BEEP stack
6. All load and generation bids DA by SC
7. Real time production from each plant | tim.belden@enron.com | jeff.dasovich@enron.com |
badeer-r/discussion_threads/114. | subject: CAISO Notice - Release of Public Bid Data
content: Market Participants:
Pursuant to the ISO's Governing Board decision in October
1999 and FERC's ruling in March 2000, the ISO has begun releasing market bid
information, lagged by a six month period and without revealing the names of
bidders, beginning on August 1, 2000 for operating date February 1, 2000.
Bid data will be provided for the ISO's ancillary service markets, real-time
energy market, and congestion management market.
These data can be found on the ISO's web site at
(http://www.caiso.com/marketops/OASIS/
<http://www.caiso.com/marketops/OASIS/> ) and will be updated daily.
Byron Woertz
Director, Client Relations | bwoertz@caiso.com | 20participants@caiso.com |
badeer-r/discussion_threads/115. | subject: CAISO NOTICE: CMR Stakeholder Meetings August 16-18
content: Market Participants:
As announced previously, the ISO will hold Congestion
Management Reform Stakeholder Meetings on August 16-18.
All meetings will take place at the CAISO Headquarters, 101
Blue Ravine Road, Folsom.
For those of you who will not be attending, the call-in
information is as follows:
Wednesday, August 16th
Number: (877)381-6004
Passcode: 668666
Leader Name: Byron Woertz
Thursday, August 17th
Number: (877)381-6004
Passcode: 817904
Leader Name: Byron Woertz
Friday, August 18th
Number: (877)381-6004
Passcode: 668236
Leader Name: Byron Woertz
In these meetings, we will address:
* FTRs;
* Day Ahead and Hour Ahead Congestion Management;
* Recallable Transmission;
* Real Time Operations;
* New Generator Interconnection Policy;
* Long Term Grid Planning; and
* Questions and issues on Local Reliability Service that arose from
the July 25 Stakeholder meeting.
We will send a more specific Agenda as soon as it is
available. Each day will start with a Continental Breakfast at 8:30a.m.,
and the meetings will start at 9:00 a.m. We will be serving lunch at
approximately 12Noon. In order to make sure we order enough food, have
adequate seating, and computers for entering feedback, we request that you
RSVP no later than Monday, August 7th to cgrant@caiso.com.
We will also meet on August 25 to discuss the ISO's final
recommendation to the ISO Governing Board. Details of this meeting will be
sent to you as we get closer to the meeting date.
Byron Woertz
Director, Client Relations | cgrant@caiso.com | 20participants@caiso.com |
badeer-r/discussion_threads/116. | subject: CAISO Counterparties
content: Bob and Jeff,
Attached is the list of counterparties who are striking our CAISO language in
Confirmations along with the Counterparties who do not include the reference
to CAISO on their confirmations (we actually attach an "Attachment A" with
the CAISO language).
I would be grateful if you could begin having discussions with these
counterparties on how CAISO is the product that EPMI buys/sells at the ISO in
Ca.
Many thanks, | shari.stack@enron.com | robert.badeer@enron.com, jeff.richter@enron.com |
badeer-r/discussion_threads/117. | subject: Report on Calif. Electricity Price Spikes by CPUC and EOB
content: For your review: | joseph.alamo@enron.com | california.affairs@enron.com, paul.kaufman@enron.com, |
badeer-r/discussion_threads/118. | subject: CAISO Notice - Solicitation for Guaranteed Generation Service
content: Market Participants:
On August 1, 2000, the ISO Board of Governors approved a
proposal to conduct a competitive solicitation to procure guaranteed
generation service during natural gas curtailments in the Los Angeles Basin.
Since the service must in place by December 1, 2000, and the ISO expects
this service to be provided by existing generation, the ISO needs to have
responses by October 6, 2000. ISO staff is preparing the materials for the
solicitation and expects to release those materials in the next few weeks.
We expect final approval of a response by the Board of Governors during the
week of October 23, 2000.
This note will allow potential respondents to begin
preparing your response in advance of the release of the solicitation.
The Board memo and presentation regarding this solicitation,
which include the proposed principles of the solicitation, can be found at
http://www.caiso.com/docs/2000/07/27/2000072714421515747.html
<http://www.caiso.com/docs/2000/07/27/2000072714421515747.html> .
We will notify you again when the materials are ready. If
you have any questions, please contact Brian Theaker at (916) 608-5804, or
btheaker@caiso.com <mailto:btheaker@caiso.com> .
Brian Theaker
Manager of Reliability Contracts
California ISO
(916) 608-5804 (voice)
(916) 351-2487 (fax) | bwoertz@caiso.com | 20participants@caiso.com |
badeer-r/discussion_threads/119. | subject: EXPORT FEES
content: Attached is a spreadsheet to estimate export fees. | heather.dunton@enron.com | portland.shift@enron.com, tim.belden@enron.com, matt.motley@enron.com, |
badeer-r/discussion_threads/12. | subject: Congestion Reform Workshop - CAISO in Sacramento
content: bldg 101 at CAISO | robert.badeer@enron.com | |
badeer-r/discussion_threads/120. | subject: Bilateral Contracts for SCE, PG&E and SDG&E
content: Both SCE and PG&E have been authorized to purchase energy, capacity, and
ancillary services through bilateral contracts.
Quantities are limited to previously authorized limits in the forward market
(the PX Block Forward Markets)
The contracts must expire on or before 12/31/05.
For both PG&E and SCE, these contracts will be subject to limited
reasonableness review.
PG&E will not be allowed to enter into such contracts after the transition
period ends (3/31/02). The Commission will continue e to oversee the
procurement practices on a quarterly basis.
This was an emergency motion, so it is reasonable to assume that both PG&E
and SCE can enter into such transactions immediately.
SDG&E is authorized to enter into bids for 6*16 delivery period or a 7*24
delivery period for terms of 8/00 through 12/00 or 8/00 through 3/01.
SDG&E will submit bids to buy energy a levelized price for both terms.
SDG&E will bid only for small commercial and residential customers under 20kW
The quantities are limited to the quantities that they had approved in the
BFM participation spelled out in advice letter 1234-E. I do not have a copy
of that advice letter off hand but will provide you with the information
tomorrow.
We will provide you with more details soon.
If you have any questions please do not hesitate to contact me.
Attached are the decision related to the above issues. | bruno.gaillard@enron.com | david.parquet@enron.com, tim.belden@enron.com, robert.badeer@enron.com, |
badeer-r/discussion_threads/121. | subject: [Second Delivery: WPTF Friday Amen Burrito]
content: Sorry about this gang, but my new computer messed up the e-mail list.
It's 4 am and I think I have fixed it. Maybe. Bear with me if you are
getting this for the second time this morning.
gba
X-Mozilla-Status2: 00000000
Date: Fri, 04 Aug 2000 01:42:26 -0700
From: Gary Ackerman <foothi19@idt.net>
Reply-To: foothi19@idt.net
Organization: Foothill Services
X-Mailer: Mozilla 4.74C-CCK-MCD {C-UDP; EBM-APPLE} (Macintosh; U; PPC)
MIME-Version: 1.0
To: webmaster <charlotte@wptf.org>
Subject: WPTF Friday Amen Burrito
Content-Type: multipart/alternative;
boundary="------------5CA857B6E2003A3BEF3A907F"
THE FRIDAY BURRITO
"...more fun than a fortune cookie, and at least as accurate."
Everyone is getting into the act. When I started this gig, I was the
only guy in town writing to folks like you about the power industry in
California. I wrote about what?s new, what?s happening, and all the
important stuff. This week, Governor Gray Davis decided to write his
own Burrito. His epistle got more press than mine, but why is he
muscling in on my turf? Not to be outdone, PUC President Loretta Lynch
released a report which looks into every facet of California?s power
business. No stone left unturned. I?m telling you, there isn?t enough
room in this business for all of us. They need to clear out.
With people like Herr (Hair?) Peace, Governor I?m-Not Mr.-Rogers Davis
and Let?s Do Lynch, who needs a Friday Burrito? They re-define our
reality each week with mind-numbing aplomb. For example, starting in
early June, the PX was ordered to compete for business against other
Qualified Trading Vehicles. Then, two weeks later, the Energy F_hrer
legislated that idea to an early death which kept the status quo for at
least one year. This week the PUC approved 5-year bilateral deals for
PG&E and SCE, thereby opening the PX to competition, and emasculating
the PX?s Block Forward Market. Zip, bam, boom.
I can?t wait to see what next week will bring. I hear Senator Bowen is
holding Committee hearings on re regulating the industry, and the
Governor?s new Energy Security Council will meet to decide six things:
What?s for lunch?
Who will sit at the head of the table?
Does anyone have good seats for next week?s Democratic convention?
Is there anyone we haven?t indicted yet in the power industry?
Who will crank up the air conditioning in this room? It?s getting too
warm.
Then, they will collect data from innocent businesses under subpoena,
ignore the facts, and publish a report. It makes one want to take a
deep breath, and inhale the scented fumes of democracy.
You know, I can?t think about where to begin, so let?s start somewhere.
>>> Things on the Island of California
@@@ Is there anyone left at SDG&E with a brain?
@@@ The PUC issues its scathing report
@@@ The ISO invokes $250 price caps. Duh!
>>> Things at the throne of FERC
@@@ Amen for the Morgan Stanley Order
>>> Odds and Ends (_!_)
>>> Things on the Island of California
@@@ Is there anyone left at SDG&E with a brain?
Well, the answer very clearly is no. I have been astounded by repeated
attempts of SDG&E?s most senior people to ape humans, but instead they
mimic apes.
Consider the following. First, they waltz their default customers into
the summer with little of no protection from price spikes in the
wholesale market. Forgivable in that it is human to err. The prices
skyrocket in June, and they start looking for who to blame. _Must be
them damn independent generators,O say their managers. Gary Cotton
informs the ISO Governing Board that hedging SDG&E?s position in the
Block Forward Market wouldn?t have made any difference. There?s one
nobel laureate who missed his prime.
Next, under pressure, they ask for help from suppliers and anyone else
who will assist the utility and their customers. Nine offers show up at
their table, and they can?t choose any of them. Again, Mr Cotton tells
his fellow ISO Governing Board members that these things take time, and
we don?t to rush since there are many legislative barriers, and, well,
the surfing was good this week so why spoil it?
Now they are in a panic because the Energy F_hrer is visiting old ladies
living in trailer parks, advising them not to pay their SDG&E
electricity bill, and to continue to operate their air conditioners.
SDG&E puts a full page ad in the local newspaper telling everyone that
SDG&E is doing everything it can to lower their electric bills,
including asking the ISO for a $250 price cap, but the public can help
by calling the ISO [address and phone number provided in the ad] and
urging them to lower the cap. I always thought the location of the ISO
was a State secret for security reasons. No secrets in San Diego.
But we are not done. No sir, we are not. Those buffalo heads who run
that company decide they will win a gold star on their collective
foreheads, and implement one of the four resolutions passed by the
Electric Oversight Board. The one they pick is to petition FERC on an
expedited basis to cap at $250, the price at which sellers may bid
energy or ancillary services into the ISO and the PX. The primary
reason is that Western power markets are not workably competitive. In
other words, they want FERC to set a max price on what generators can
sell in addition to the price limit at which the ISO can buy!
What I find most astounding about this double talk is that SDG&E
continues to collect tons of money from the sales of regulatory must run
energy into the PX. These are sales from their stranded assets. Their
grief hasn?t abated their greed.
So, to recap, SDG&E missed the boat on price hedging, failed to win
consumer confidence in public meetings, asked for help from suppliers
and did nothing in response, then filed at FERC to cap the sale price
because the wholesale market into which they sell (over-priced?) energy
is not workably competitive. Too much time in the direct sun light.
>>> Things on the Island of California
@@@ The PUC issues its scathing report
The PUC report released yesterday is a gem with which I have not spent
enough time. I only read the Executive Summary, and that only because
our counsel, Dan Douglass forwarded me a copy. Let me pick out some of
the gems in President Lets Do Lynch?s burrito. I would recommend
reading the whole text if you have time, and if you seek perverse
entertainment.
_California is experiencing major problems with electricity supply and
pricing caused by policies and procedures adopted over the past ten
years.
_ Since June, wholesale prices for electrical power in California have
increased on average 270% over the same period in 1999, resulting in
over $1 billion in excess payments for electricity.
_Hot weather, aging power plant and transmission infrastructure, and
dysfunctional bidding behavior in the wholesale power markets combined
to drive prices up ...
_Because of serious market defects and tight supply of electricity,
purchasers of California power will likely pay billions more in
electricity costs this year. Moreover, these price increases do not
necessarily fund new investments in electricity supply or delivery
reliability - they may flow solely to power producer profit margins.
_Despite the Electricity Oversight Board's legislative mandate to
oversee those institutions, we have been unable to obtain [bid] data.
Nevertheless, ... , we believe enough evidence of questionable behavior
exists that the Attorney General should conduct an investigation into
these statewide market practices, coordinating with other State
agencies, including the PUC and the EOB. Such an investigation would
provide the factual foundation that California policy makers and
regulators need to recover any illegally obtained profits.
_A momentous consequence of California's attempt to create a market in
electricity is that the federal government now regulates California's
electric system. Washington D.C. now controls pricing decisions directly
at the wholesale level and indirectly at the retail level and, to the
extent that supply incentives are correlated to prices, Washington, D.C.
now affects California's ability to attract new investment in power
plants.
_Past administrations' willingness to cede the State's authority to the
federal government combined with the legislative creation of two
non-public supervisory organizations that have no duty to protect the
public or consider the retail customer. The "Independent System
Operator" (ISO) and the "Power Exchange" (PX), the nonprofit private
corporations that operate the State's transmission system and control
wholesale pricing policies, are governed by boards whose members can
have serious conflicts of interest. Some of these board members or their
companies financially benefit from higher prices in electricity markets.
Neither of these private organizations is accountable to the State or
its consumers ....
_Despite the federalization and the fragmentation of the State's
electric services, the State of California should protect its businesses
and consumers from cartel pricing; collusive behavior; inadequate power
plant maintenance and lack of market planning for adequate electricity
supplies.
_California consumers and businesses deserve to know in advance - as San
Diegans did not this summer - how and when the price of an essential
service like electricity will double. California is now largely
constrained by federal mandates from providing comprehensive retail
price relief as long as wholesale prices remain so high. If California
tried to re-impose a price freeze in San Diego now, federal regulators
would likely prevent that action. ... Short-term price relief, however,
cannot resolve market gaming or fundamental wholesale pricing problems
controlled by federal regulators.
_We have been precluded from obtaining the data necessary to know if
the ISO and PX failed to detect manipulation and gaming on several
fronts. We do not know how market players acted in price offering and
bidding and scheduling. The FERC has just announced an inquiry into
national pricing and energy market issues. California should not wait
for national findings before it investigates California market
practices. We recommend that the California Attorney General immediately
subpoena relevant records and data to determine the pricing and offering
behavior of market participants; the actions of the ISO and its board
members; and the actions of generators in supplying California's energy
needs.
_Ten Actions to Consider or Act Upon to Prevent Current Electricity
Problems From Spreading in 2001: ...
2. Create a California Energy Council, modeled on the National
Security Council, to unify State action to resolve energy
problems and to perform integrated energy planning;
3. Ask FERC for extended wholesale price cap authority to
moderate California wholesale market pricing;
4. Ask FERC to recognize the defects in the California and
western regional markets and find that no competitive market
exists in California power markets;
...
8. Eliminate potential conflicts of interest in ISO/PX
stakeholder boards;
9. Improve California's ability to obtain ISO and generator
data and enhance the State's enforcement capability for power
plant maintenance; price manipulation and generation gaming,
consistent with protection of proprietary business
information;
10. Provide the EOB with effective enforcement ability and
additional oversight authority for the ISO and PX.
_Ten Issues to Consider or Act Upon Within the Next Six Months: ...
4. Streamline state power plant siting procedures; consistent
with environmental requirements, and prioritize applications
to advance clean, BACT+ power plant proposals.
5. Institute "use-it -or- lose-it" permitting power plant
licensing and emissions credits rules to ensure power plants
get built;
...
8. Reform PX pricing protocols and structures to lower
wholesale and retail prices and reduce excess profitsO
I told you I don?t need to write a Burrito anymore. The Democrats in
Sacramento are doing that for me. Welcome comrade.
>>> Things on the Island of California
@@@ The ISO invokes $250 price caps. Duh!
It is really hard to describe the drama of an ISO Governing Board
meeting, especially when our favorite topic arises. It seems the only
time the Board becomes animated is when one of three issues are on the
agenda: price caps, FTRs, and priorities for software enhancements.
Otherwise, its pretty much hum-drum.
%Round and %round we went, once again. A few more forced votes tipped
the scale in favor of the cap. There were 15 yes votes, which included
a forced yes vote from our friend Jerry Toenyes by order of Secretary of
Energy Mr. Richardson. [Jerry, did you realize that the last letters of
your name could be re-arranged to spell _NO ET YESO? Kind of a french
thing.] I?m sorry about that vote, Jerry. You still go in my book as
one of the brave and bold for standing up to that sort of intimidation
for so long. Your picture in the SF Chron said it all.
The brave souls who stood tall and voted NO included David Parquet
(Enron), Jan Smutny-Jones (IEP), Barbara Barkovich (CLECA), Caolyn
Kehrein (CMA), Dan Kirshner (EDF), and Stacy Roscoe (Procter & Gamble).
Now, I must admit that Dynegy?s Greg Blue did help by voting a Texas No,
spelled _A-B-S-T-A-I-NO. I have instructed Dynegy trader Dave Francis
in Houston to work with Greg to correct that problem. We?re going to
work things out.
The Energy F_hrer addressed the Board, again. I didn?t mind that I only
had a few brief, very brief moments to address the Board, and Herr
(Hair?) Peace got over 20 minutes. That didn?t bother me at all. He
did more damage to himself in 20 than I could do in 2. He blasted away
at everyone who opposed him. He pined about Camden quitting the Board.
He said he knew how prices and markets work, that it isn?t the way those
academic egg-head, FERC-loving economists tell you who pray to the gods
of competition. He lambasted WAPA for withholding generation to protect
fish and wildlife (what was that all about?). He predicted that on
Thursday?s PUC meeting he and all the other powerful Democrats,
Republicans and angry citizens of San Diego would demand that the PUC
impose a rate cap on retail electric rates in San Diego that are just
and reasonable (it didn?t happen). And on and on and on. This man is
very delusional. He believes that Steve, and only Steve Peace can save
the world. He believes that political will trumps judicial,
quasi-judicial, or independent Board actions. This man makes relevant
all the abstract musings of the philosopher Friedrich Nietzsche
(1844-1900) ... The will to power, the ?bermensch, the transvaluation of
values, etc.
But we are getting under (uber?) his skin, with the help of the press.
Wednesday afternoon I called Commissioner Dick Bilas to see if he
thought whether the next day?s PUC meeting was going to be a roll over.
Dick said he got a call from Peace, and that Peace said he would not
come to the meeting. Apparently, Peace had received a lot of press, and
all of it bad.
That?s the thin line of freedom which keeps tyranny at least one step
away from our front door.
>>> Things at the throne of FERC
@@@ Amen for the Morgan Stanley Order
And now, the good news. You deserve this. FERC gave the California
market a little wiggle room last Friday. FERC issued a last minute
reply to the complaint by Morgan Stanley Capital Group relating to the
ISO?s intent to lower the price cap. FERC denied the complaint, but
they didn?t waste time with an Order to simply deny a complaint. FERC
danced on the head of the ISO and pulled the bite out of the price cap.
Here are some excerpts:
_We accepted this [Amendment 21], not because it was a cap on sellers?
prices but because it would promote order and transparency in the market
by clearly telling sellers of the maximum price the ISO was willing to
pay and allowing sellers to make informed economic choices on whether to
sell in the ISO market or to sell elsewhere...
_ ... The ISO has no more or less ability to procure capacity and energy
than any other buyer of these services ... If the ISO is unable to
elicit sufficient supplies at or below its announced purchase price
ceiling (because generators are free to sell elsewhere if they choose),
it will have to raise its purchase price to the level necessary to meet
its needs. ... Therefore, an increase in out-of-market (OOM) calls for
generation may be necessary to maintain system reliability. Because the
current payment for OOM is not subject to a maximum purchase price, the
resulting overall payments may be higher.
_To the extent the ... ISO Board resolution contemplates implementing a
directive that generators must bid their capacity into the ISO markets
under any circumstances (e.g., when system load exceeds 38,000 MW), such
a requirement is not permitted by our ... Order and the ISO tariff. ...
Future implementation of the ISO Board resolution with regard to a
requirement to sell would require significant revisions to the ISO
market rules. Such market changes could not become effective absent a
corresponding amendment to the ISO tariff which would have to be filed
under section 205 of the FPA.O
Well. What do you think about that?
Just wait. Here is what the sleeping bear, Commissioner Hebert said in
his concurring remarks:
_Getting to the bottom of the problem, in my view, requires us to begin
a proceeding to rescind our approval of the ISO as the operator of the
California grid. The record supports such a move. ... A memorandum to
the ISO from a stakeholder who resigned from the governing board
eloquently brings to our attention repeated attempts to undermine the
independence of the ISO. The memorandum also thoughtfully outlines
consequences to the markets of a return to %command and control.?
_Because these allegations come from a non-market participant,
especially should we take heed. We must also take notice of the public
pressure on the Board to compromise its independence.O
Amen, brother, amen.
>>> Odds and Ends (_!_)
As you can imagine, this week, like an endless string of weeks before
this has been interminable. I get about three phone calls a day from
press reporters, very little of which ever sees print. My shtick is
just too complex for casual readers. But I do notice that the reporters
are asking better questions. The public is becoming more savvy. The
information flow is moving in our favor, and will disarm the forces of
evil, in about 10 years.
I have other problems on my mind. I am working on a new computer
system. Really, it?s just an upgrade of an older computer that is a bit
faster than the laptop I tried to upgrade, very unsuccessfully. As a
result of the all the new hardware and software I purchased, my office
looks like a war zone with an odd mix of PUC service copies, computer
documentation, and diskettes laying all around. Quite a mess.
Prepare for the future. Our next general meeting is scheduled for
Thursday and Friday, October 5 and 6 at Moro Bay. Barb Ennis will
prepare a blurb for us in next week?s Burrito about room reservations,
timing, golf, etc. Our guest speakers will include MSC Chairman
Professor Frank Wolak who will talk on the subject of his choice, Ms.
Irene Moosen of Grueneich Resource Advocates who will make a
presentation on the distributed generation case before the PUC, and
William Freddo of PG&E National Energy Group who will give us some
education on operating a power plant inside the New England ISO.
Now for your daily bread, provided this week by Dan Douglass. Last week
we had a joke about Catholics. This week it?s agnostics.
=====================
An atheist was taking a walk thru the woods, admiring all that the
accident of evolution had created. "What majestic trees! What
powerful rivers! What beautiful animals!" he said to himself.
As he was walking alongside the river he heard a rustling in the bushes
behind him. As he turned to look, he saw a 7 foot grizzly bear
charging towards him. He ran as fast as he could up the path. He
looked over his shoulder and saw that the bear was closing in on him.
He tried to run even faster, so scared that tears were coming to his
eyes. His heart was pumping frantically as he tried to run even faster,
but he tripped and fell on the ground. He rolled over to pick himself
up and saw the bear right on top of him raising its paw to kill him.
At that instant he cried out "Oh my God!" And time stopped. The bear
froze. The forest was silent. The river even stopped flowing. A
bright light shone upon the man, and a voice out of the sky said, "You
deny my existence all these years, teach others I don't exist and even
credit my creation to a cosmic accident, and now do you expect me to
help you out of this predicament? Am I to count you as a believer?"
The atheist, ever so proud, looked into the light and said, "It would be
rather hypocritical to ask to be counted as a believer after all these
years, but could you make the bear a believer?"
"Very well" said the voice. And the light went out, the river flowed,
the sounds of the forest continued, and the bear brought both paws
together, bowed his head, and said, "Lord, I thank you for this food
which I am about to receive."
==================
Amen. And have a great weekend. Oh, and thanks to all of you who sent
me happy birthday wishes. It was very much appreciated.
KSB
gba
- att1.htm | foothi19@idt.net | charlotte@wptf.org |
badeer-r/discussion_threads/122. | subject: Yesterday's Events
content: As you are probably aware, the CPUC voted 5-0 to reject instituting retail
rate caps in San Diego and instead adopted SDG&E's proposal to refund over
$100 million. The Commission also approved SCE and PG&E's motion to enter
into bilateral agreements and schedule those transactions through the PX
using the bilateral-option market. These transactions will be confidential
and will be disclosed only to the Commission's energy division, for purposes
of reasonableness. The Commission did not act upon San Diego's advice letter
(#1242) to facilitate customer awareness of competitive alternatives. That
advice letter will not be acted upon until the next Commission meeting in
September.
The Commission has also opened an investigation into the role of the utility
as a default provider and will explore how the utility should pass along its
costs to the customers. It will also address whether SDG&E should be
authorized to participate in bilateral contracts in addition to PX
purchases. It also opens the door to consider alternative exchange. This is
a fast track investigation, so I will set up a call to discuss early next
week.
Sandi McCubbin and I were in Sacramento yesterday meeting with several of the
key legislative offices. There was also an interested party meeting (AB 1890
Implementation Group). From those meetings, it was apparent that Steve Peace
is interested in legislation to institute rate caps in San Diego, re-vamp the
governance structure of the ISO and PX boards, having market participants
(generators, marketers, utilities) share in some of the pain that San Diego's
consumers feel, extend the rate freeze, etc. Although, most of the other
legislative offices saw this proposal as a total morass.
The legislative offices that we met with, while interested in providing some
political cover to DeDe Alpert (Senator from San Diego in a close political
race), were not interested in pursuing sweeping changes to the current
structure, although this could change. However, it should be noted that DeDe
Alpert said herself that she would introduce rate cap legislation in San
Diego when the legislature reconvenes on August 7. Most of the discussion
with the other offices was on what can be done by next summer and focused on
bringing on peaking plants and expanding demand responsive programs.
Sandi and Dave Parquet also met with John Stevens, of the Governor's Office.
He stated that the Governor did not want any major changes to the current
structure to come across his desk, but that the Governor needed our help in
preventing such changes from getting there, otherwise he may be politically
compelled to sign the legislation. Sandi will send out more information
later, she's having computer problems.
There will be a hearing next week of the Senate and Assembly Energy
Committees on San Diego issues on August 10.
We, in GA, will keep you updated on developments. | mona.petrochko@enron.com | edward.hamb@enron.com, james.wood@enron.com, greg.cordell@enron.com, |
badeer-r/discussion_threads/123. | subject: Bilateral Contracts for SCE, PG&E and SDG&E - Quantity limits
content: Quantity Limits- For SCE and PG&E, previously approved BFM limitations are
the following:
SCE
Limits for BFM products including retail energy transactions, and daily and
balance of the month BFM products:
Retail Energy markets are limited at SCE's net short position which is a
maximum of
Q1: 2,200 MW, Q2 2,200 MW, Q3: 5,200 MW, Q4: 3,000 MW
Participation ion daily and balance of the month BFM products are limited to
amounts above 1,000 MW SCE's net short position.
PG&E
Limits for BFM products including retail energy transactions, and daily and
balance of the month BFM products:
Retail Energy markets are limited at PG&E's net short position which is not
disclosed. However it is reasonable to assume that it is at least 3,000 MW
for the summer quarters given that PG&E had previously filed asking for a
limit of 3,000 MW.
Participation in daily and balance of the month BFM products are limited to
amounts above 1,000 MW PG&E's net short position.
SDG&E BFM limits approved in Advice Letter 1234-E
Monthly and Quarterly Forward Market: 1900 MW July-September, 1700 MW all
other months
Daily and Balance of Month quantities will not exceed 1000 MW more than the
limits in the forward markets
Ancillary Services will not exceed 90% of SDG&E's forecast ancillary
services for the month or the quarter.
SDG&E's limits are ultimately limited to the load to customers under 20 kW.
---------------------- Forwarded by Bruno Gaillard/SFO/EES on 08/04/2000
04:13 PM ---------------------------
Bruno Gaillard
08/03/2000 06:39 PM
To: David Parquet/SF/ECT@ECT, Tim Belden/HOU/ECT@ECT, Robert
Badeer/HOU/ECT@ECT, Jake Thomas/HOU/ECT@ECT, Michael McDonald/SF/ECT@ECT,
Greg Wolfe/HOU/ECT@ECT, Mona L Petrochko/SFO/EES@EES, Jeff
Dasovich/SFO/EES@EES, Paul Kaufman/PDX/ECT@ECT, Susan J Mara/SFO/EES@EES,
Sandra McCubbin/SFO/EES@EES, Roger Yang/SFO/EES@EES, Dennis
Benevides/HOU/EES@EES
cc:
Subject: Bilateral Contracts for SCE, PG&E and SDG&E
Both SCE and PG&E have been authorized to purchase energy, capacity, and
ancillary services through bilateral contracts.
Quantities are limited to previously authorized limits in the forward market
(the PX Block Forward Markets)
The contracts must expire on or before 12/31/05.
For both PG&E and SCE, these contracts will be subject to limited
reasonableness review.
PG&E will not be allowed to enter into such contracts after the transition
period ends (3/31/02). The Commission will continue e to oversee the
procurement practices on a quarterly basis.
This was an emergency motion, so it is reasonable to assume that both PG&E
and SCE can enter into such transactions immediately.
SDG&E is authorized to enter into bids for 6*16 delivery period or a 7*24
delivery period for terms of 8/00 through 12/00 or 8/00 through 3/01.
SDG&E will submit bids to buy energy a levelized price for both terms.
SDG&E will bid only for small commercial and residential customers under 20kW
The quantities are limited to the quantities that they had approved in the
BFM participation spelled out in advice letter 1234-E. I do not have a copy
of that advice letter off hand but will provide you with the information
tomorrow.
We will provide you with more details soon.
If you have any questions please do not hesitate to contact me.
Attached are the decision related to the above issues. | bruno.gaillard@enron.com | david.parquet@enron.com, tim.belden@enron.com, robert.badeer@enron.com, |
badeer-r/discussion_threads/124. | subject: DJ BIG PICTURE: Wider Econ Risks In California's Power Woes
content: ---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/07/2000 08:24
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
08/07/2000 06:46 AM
To: "Golden, Mark" <Mark.Golden@dowjones.com>, "Kim, Cheryl"
<Cheryl.Kim@dowjones.com>, "Leopold, Jason" <Jason.Leopold@dowjones.com>
cc: (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ BIG PICTURE: Wider Econ Risks In California's Power Woes
13:26 GMT 7 August 2000
=DJ BIG PICTURE: Wider Econ Risks In California's Power Woes
By John McAuley
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Hot weather and a still-robust economy have
intensified
electricity demand in the face of drum-tight power supplies in California,
the nation's
most populous - and, in economic terms, most important - state.
The resultant rolling "brown outs" and the potential for blackouts in the
future could have
a noticeable empirical and real impact on industrial production in
California and even in
the national statistics. Indeed, the impact is likely to be greatest in the
highest
value-added sectors: computers and computer components, two industries that
have
been a key engine of U.S. growth.
Not only that, electricity generation is an important proxy in the Federal
Reserve's
estimation of industrial production. So, the measurement of statistics
could be directly
affected.
About half of the industrial output contained in the industrial production
index is
compiled on the basis of actual output volumes - tons of steel, boardfeet
of lumber, or
millions of autos assembled, etc. For other forms of output, accounting for
about a
quarter of the index, contributions to total production are estimated based
on hours
worked data, with the implicit assumption that productivity - or the rate
of real output per
labor hour - doesn't change much over short periods of time in these
industries. But the
remainder of the index, about 26% according to a Fed economist, is
estimated using
electricity generation measures.
For this purpose, electricity generation is itself estimated from measures
of electric
power usage by industry. Here, as with productivity, the technical
coefficient, or the
amount of electricity input per unit of output, is assumed to be constant
over relatively
long periods.
As Usual, Things Are Different In California
California power companies, as part of the deregulation of the electric
power industry,
offer their business customers "interruptible rate plans". That means that
for a
discounted rate, customers "voluntarily" allow the power company to
interrupt their
power supply in times of peak demand.
Too bad.
The heat of summer combined with continuing strong economic activity has,
in fact,
resulted in widespread interruptions throughout California.
And there is a precedent for how such interruptions can have both a
statistical and real
impact on production: the San Francisco earthquake of October 1989.
That quake disrupted electricity generation, particularly south of the city
in Silicon
Valley. Largely as a result of that disruption, national industrial
production declined by
0.5% (0.6% in manufacturing) in October 1989.
The computer and semiconductor chip producers in Silicon Valley and
elsewhere in the
state are very heavy users of electricity. It is reasonable to expect that
their total
consumption of electricity, and their output, have skyrocketed since 1989.
This industry has a twofold importance to the rest of the national economy.
First, chips are essential inputs to the production of other industries
from "smart chips"
in cars to central processing units for computers. Thus, a bottleneck in
chip supplies
because of electricity interruptions could have ripple effects beyond
California.
Second, chip production is among the highest value-added activities in the
U.S.
economy - each stage of production adds significantly to the value of total
output. This
means that the specific shock impact on this industry could have a greatly
magnified
effect on overall economic activity.
The usage is not confined to chip production, however. An extensive range
of other
California-based industries - from chemicals to textiles - have intensive
electricity usage
in their production.
Their production will be estimated lower because of the reduction in
electricity. And in
fact, real production will be lowered by a reduced electricity input.
Ironically, these interruptions could complement the Fed's efforts to slow
economic
activity and take some of the pressure off for further rate increases. What
infuriates
Californians might actually be a welcome development for the rest of us.
-By John McAuley, Dow Jones Newswires, 201-938-4425
john.mcauley@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/discussion_threads/125. | subject: Explanation of CAISO Energy vs. "Schedule C"
content: Jeff and Bob,
At Tradition's request, I put together a one-page explanation of CAISO Firm
Energy. I thought you might find it handy to have it to hand when discussing
this with counterparties.
----- Forwarded by Shari Stack/HOU/ECT on 08/07/2000 03:57 PM -----
Shari Stack
08/07/2000 03:56 PM
To: kkelly@tfsbrokers.com@ENRON
cc: Kerri Thompson/Corp/Enron@Enron
Subject: Re: FW: CAISO Energy vs. "Schedule C"
Here is the explanation for CAISO Firm Energy. As discussed, if asked,
please tell people that it was prepared by a market participant at
Tradition's request. I'd rather keep Enron's name out of it.
Thank you in advance for helping us with this.
Shari | shari.stack@enron.com | robert.badeer@enron.com, jeff.richter@enron.com |
badeer-r/discussion_threads/126. | subject: daily block forwards new charges
content: Talked to Mark Hodge from the PX this morning regarding the charges on our
statement. He said that the daily block forwards transaction fee has been
waived for July and Aug. (.02 transaction charge). However, the tariff was
changed on May 2nd that increased the settlement (aka clearing) charges to
.03 per mwh per day.
I asked him why the daily block forwards are so expensive when we get the .01
charge as a preferred customer on the term block forwards. He said it's
because of the costly bookout process. I told him we do financial onlys, but
not bookouts, and restated that .03 is more expensive than brokers. He said
that because the tariff filing of .03 was the maximum, these fees can be
negotiated away from the .03 max., especially since we don't add to the costs
of bookouts. So, whoever among us is the queen or king of daily block
forwards, or our block forward accounts in general, I suggest we do negotiate
a lower rate on the daily schedules.
Both Brett and I tried to access the tariff on the PX website, but we
couldn't read it. So, if someone has better clearance or web tools than us,
please let us know so we can update ours. | valarie.sabo@enron.com | christian.yoder@enron.com, chris.stokley@enron.com, jeff.richter@enron.com, |
badeer-r/discussion_threads/127. | subject: CalPX Market Compliance Unit Submits its 2nd Annual Report to FERC
content: FYI. The report posted on the website fails to include the report's
transmittal letter. I just found that letter in the mail. The letter
explains that the report's analysis DOES NOT include "the events" of May,
June and July, which the Compliance unit is currently studying. It will
release the results of that study in the Fall.
---------------------- Forwarded by Jeff Dasovich/SFO/EES on 08/07/2000 05:19
PM ---------------------------
Jeff Dasovich on 08/07/2000 05:14:32 PM
To: James D Steffes/HOU/EES@EES, Paul Kaufman@EES, Mona L
Petrochko/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES, Dave
Parquet@ENRON_DEVELOPMENT, Tim Belden@ECT, Robert Badeer@ECT, Dennis
Benevides/HOU/EES@EES, Roger Yang/SFO/EES@EES, snovosel@enron.com, Joe
Hartsoe/Corp/Enron@Enron, Christi L Nicolay@ECT, Mary Hain@ENRON_DEVELOPMENT,
Susan J Mara/SFO/EES@EES, Bruno Gaillard/SFO/EES@EES, Richard
Shapiro/HOU/EES@EES, Karen Denne/Corp/Enron@Enron, Peggy Mahoney/HOU/EES@EES
cc:
Subject: CalPX Market Compliance Unit Submits its 2nd Annual Report to FERC
Submitted to FERC on 7.31.00. Key findings:
"The markets work."
"...virtually all price increases in the past two years can be explained by
underlying known factors such as weather, natural gas prices, and forecasts."
Almost all of the price increase during year 2 is explained by market
fundamentals...The unexplained variance in price is small and appears to have
contributed nothing to the trend."
"...a Compliance mean reversion model indicates that prices typically return
to mean price levels in less than two days."
"...the price increases...show no indications of deliberate attempts to
manipulate prices...."
If you'd like a copy, you can find it at the following address:
http://www.calpx.com/regulatory/marketcompliance/index_annualreport.html | jeff.dasovich@enron.com | james.steffes@enron.com, mona.petrochko@enron.com, sandra.mccubbin@enron.com, |
badeer-r/discussion_threads/128. | subject: Stakeholder Meeting in San Diego
content: MEETING NOTICE
Cal-ISO Market Participants and SDG&E Stakeholders:
A Cal-ISO Stakeholder meeting will be held in San Diego on Wednesday August
23, 2000 to discuss the preliminary study results of SDG&E's annual
five-year transmission expansion plan and detailed studies being conducted
for the Valley-Rainbow 500 kV Project. The meeting will be held at:
Sempra Energy Corporate Headquarters
Auditorium 3
101 Ash Street (corner of First Ave & Ash St)
San Diego, California 92101
9:30 AM to 2:30 PM
Lunch will be provided.
For more information on this subject please refer to the ISO web site at
www.caiso.com. Documents pertaining to the 2000 SDG&E Transmission Expansion
Plan are located at:
http://www.caiso.com/docs/2000/02/28/2000022816421912528.html
A map showing directions to Sempra Energy's office location from the airport
is available upon request. If you plan to attend this meeting, please RSVP
to Dave Miller at the telephone number or E-mail address shown below by
Wednesday August 16, 2000.
David M. Miller, Jr.
Telephone (858) 654-8623
E-mail dmmiller@sdge.com
Fax (858) 654-8636
If you have questions regarding the meeting arrangements, please contact
David Miller.
If you have questions regarding the studies, please contact Steve Mavis at
916-351-2112 or smavis@caiso.com.
Don Fuller
Director, Client Relations
916-608-7055
DFuller@caiso.com | shapp@caiso.com | 20participants@caiso.com |
badeer-r/discussion_threads/129. | subject: CAISO Congestion Model
content: put this into the congestion redesign file if you haven't alread.
---------------------- Forwarded by Tim Belden/HOU/ECT on 08/08/2000 09:55 AM
---------------------------
Susan J Mara@EES
05/16/2000 08:33 AM
To: Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Tim
Belden/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON
cc:
Subject: CAISO Congestion Model
Carl has been working with Enron and others and the ISO to develop a model
that works for CA as well as for the Desert Southwest (which the ISO would
then operate). I think this summary explains the kinds of things were trying
to get in congestion management reform. I'll send a few other things to look
at.
---------------------- Forwarded by Susan J Mara/SFO/EES on 05/16/2000 10:28
AM ---------------------------
Carl Imparato
04/24/2000 12:49:26 PM
Sent by: Carl Imparato
To: zalaywan@caiso.com
cc: smara@enron.com, curt.hatton@gen.pge.com, jim.filippi@gen.pge.com,
gackerman@wptf.org, alexp@eccointl.com, kewh@dynegy.com, skelly@iepa.com,
jstremel@apx.com, bmspeckman@aol.com
Subject: CAISO Congestion Model
Ziad:
Per our conversation this morning, attached is a summary of what I view to be
the key attributes of a "reformed" zonal congestion model. The document does
not fully address all of the issues discussed at last Thursday's congestion
reform meeting in Sacramento, but I believe that (other than for some
details) it is consistent with what both the ISO and many of the market
participants are proposing.
This summary does not necessarily reflect the views of my clients, who
haven't yet had the time to review it... but I don't believe that it would be
too far off.
I am sending this summary to you to put into context the many comments that I
offered at last Thursday's meeting and also to support my view that, if the
ISO were to implement the CONG/ASM integration by DECENTRALIZING the process
rather than CENTRALIZING the process, there would not be much difference
between what I've been advocating in the Southwest and the CAISO's model.
(The primary remaining differences would be: (i) the way the "hour-ahead"
process works - i.e., continuously vs. one discrete time; and (ii) the way
scheduling is done - i.e., the ISO would not act as the SC's representative
in acquiring rights that could be made available through inter-zonal
counterflows since the SCs would do this themselves.) So there is a real
possibility that, with some agreement on the ISO's longer-term plans (whether
integration of transmission rights and ancillary services procurement will
rely on decentralization vs. centralization), we could bring together the
models for the region.
Carl
[Sue, Curt, Jim, Gary, Alex, Kent, Steven, John and Barney: I'd appreciate
any feedback... but if you want me to see it, be sure to send it to
cfi1@tca-us.com, NOT the enron address from which this e-mail was sent.
Carl] | tim.belden@enron.com | robert.badeer@enron.com |
badeer-r/discussion_threads/13. | subject: CAISO Notice: New telephone numbers for Client Relations Departme
content: Market Participants:
The Client Relations Department moved offices over the weekend. We are now
located in building 110, 2nd floor, which is across the street from our
former office. New telephone numbers for our department are listed below.
All e-mail addresses remain the same.
Client Relations Department
Anthony Agustin (916) 608-7052
Keoni Almeida (916) 608-7053
Jim Blatchford (916) 608-7051
Tiffaney Borchardt (916) 608-7071
Jessica Cole (916) 608-7058
Mike Dobson (916) 608-7068
Don Fuller (916) 608-7055
John Goodin (916) 608-7056
Kyle Hoffman (916) 608-7057
Missy Hough (916) 608-7054
Darlene LeCureux (916) 608-7060
Alice Leonard (916) 608-7059
Ali Miremadi (916) 608-7061
Saundra Morris (916) 608-7070
Judy Nickel (916) 608-7062
Dennis Peters (916) 608-7063
Chris Sibley (916) 608-7064
David Timson (916) 608-7065
Byron Woertz (916) 608-7066
Cathy Young (916) 608-7067
Don Fuller
Director, Client Relations
Sent on behalf of Don Fuller by Alice Leonard
Alice Leonard
Client Relations
(916) 608-7059
aleonard@caiso.com | aleonard@caiso.com | marketparticipants@caiso.com |
badeer-r/discussion_threads/130. | 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
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/discussion_threads/131. | 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/discussion_threads/132. | 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/discussion_threads/133. | 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/discussion_threads/134. | 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/discussion_threads/135. | subject: SRRS Password
content: Your SSRS's password is 1543 | srrs@enron.com | robert.badeer@enron.com |
badeer-r/discussion_threads/136. | 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/discussion_threads/137. | 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/discussion_threads/138. | 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/discussion_threads/139. | 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/discussion_threads/14. | subject: CAISO Notice: Preliminary finding re: May 22nd Stage 2 System Eme
content: Market Participants:
Attached you will find the preliminary finding regarding the May 22nd Stage
2 System Emergency.
Don Fuller
Director, Client Relations
Sent on behalf of Don Fuller by Alice Leonard
Alice Leonard
Client Relations
(916) 608-7059
aleonard@caiso.com
<<Emergency MM2.doc>>
- Emergency MM2.doc | aleonard@caiso.com | marketparticipants@caiso.com |
badeer-r/discussion_threads/140. | 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/discussion_threads/141. | 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/discussion_threads/142. | 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/discussion_threads/143. | 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/discussion_threads/144. | 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/discussion_threads/145. | 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/discussion_threads/146. | 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/discussion_threads/147. | 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/discussion_threads/148. | 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/discussion_threads/149. | 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/discussion_threads/15. | subject: GOOD ADVICE
content: Attached is some good advice from Den Colin Powell that I thought I would
share. I hope you find it as impactful as I did.
Cheers,
Casey Jones
Mercator Partners, LLC
89 Thoreau Street
Concord, MA 01742
+1 (978) 318-9696 (office)
+1 (978) 318-9797 (fax)
+1 (978) 394-2110 (mobile)
- att1.htm
- Casey Jones.vcf
- Powell on Leadership.pps | casey@mercatorpartners.com | bromberg@cgalaska.uscg.mil, balgeo@rpw200.com, bill.pond@garden.com, |
badeer-r/discussion_threads/150. | 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/discussion_threads/151. | 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/discussion_threads/152. | 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/discussion_threads/153. | 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/discussion_threads/154. | subject: Meeting with John Lavorato
content: meeting with John Lavorato | robert.badeer@enron.com | |
badeer-r/discussion_threads/155. | 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/discussion_threads/156. | 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 |
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