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badeer-r/discussion_threads/88. | subject: CAISO Notice - Congestion Management Reform (CMR) Stakeholder Mee
content: Market Participants:
As you know, our next CMR stakeholder meeting is tomorrow.
We will also hold the following CMR Stakeholder meetings (details to
follow):
August 4: FTRs, DA and HA Congestion Management,
Recallable Transmission
August 8: Real Time Market, New Generator
Interconnection Policy, Long-Term Grid Planning.
Please remember, also, that preliminary comments on the CMR
Recommendation are due to bwoertz@caiso.com <mailto:bwoertz@caiso.com> by
5:00 p.m. PDT on Friday, July 28. If possible, we would appreciate
receiving your comments before the July 28 deadline.
Thank you for your continuing interest and participation in
this project.
Byron Woertz
Director, Client Relations | bwoertz@caiso.com | 20participants@caiso.com |
badeer-r/discussion_threads/89. | subject:
content: Fran,
What is your phone number?
Bob | robert.badeer@enron.com | fxhall@yahoo.com |
badeer-r/discussion_threads/9. | 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/discussion_threads/90. | subject: Block Forward Financial Trades
content: Legal has been assessing the risks of doing block forward trades as financial
and for now, subject to future changes that may be required as discussions
with the CAPX legal experts continue, we can state the basic rules as
follows:
It is okay to do up to 50% of our Block Forward business as financial.
It is very important to monitor this 50% level very closely and we should not
exceed it. We should not rely on the PX to tell us what the level is. We
should confirm it ourselves. A skeptical regulator, looking at PX records
should never be able to see that we ever did more than half our block forward
business as financial.
One of the legal rules that we must comply with in this area is that there
must be a bona fide commercial reason for going financial. This
dumbfoundingly simple sounding rule is important. Somehow, when we
communicate our decision to the PX to go from physical to financial, we
should give our reason. I'm not sure whether our decision is expressed by
phone, or electronically, but in either case, the person making the change
with the PX should get in an expression something like this: "we would like
to change these trades to financial because we think the elimination of
physical risk will benefit us commercially." Please be patient with this
self serving requirement and do it.
I have not worked out with any of the other back office groups how this new
practice will be handled. Obviously any changes it will require in
scheduling, settlements and accounting need to be dealt with too. Please call
me with any questions. ----cgy | christian.yoder@enron.com | tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com, |
badeer-r/discussion_threads/91. | subject: CAISO NOTIFICATION--Attention Requested: 10-Minute Settlement Mar
content: Market Participants,
Attention: Settlements and Scheduling Personnel
Your participation is requested in the second iteration of 10-Minute
Settlement Market Simulation.
As communicated on 7/20/00, the ISO has postponed the August 1, 2000,
implementation of 10-minute settlements in order to accommodate additional
end-to-end testing and market simulation. The ISO's new target for
implementation is the last week of August, 2000, contingent upon the
successful completion of the second 10-Minute Settlement Market Simulation
and ISO's 10 day written notice to FERC.
The second 10-Minute Settlement Market Simulation is scheduled to begin on
Tuesday, August 1, 2000. The ISO will hold a kickoff meeting conference
call on Thursday, July 27, from 1:30 - 3:00 p.m., to summarize the status of
the first Market Simulation, discuss the second Market Simulation logistics,
and review the Market Simulation Plan.
All Market Participants are strongly urged to participate in this simulation
to identify any outstanding issues that may affect implementation for
Scheduling Coordinators and the ISO.
Please respond to Cathy Young at cyoung@caiso.com by 3:00 p.m. on Friday if
you intend to participate. The remainder of this message contains the
kickoff meeting Agenda, Market Simulation Schedule, and necessary system set
up documentation for the simulation.
10 MINUTE SETTLEMENT MARKET SIMULATION II
KICKOFF CONFERENCE CALL
July 27, 1:30 - 3:00 p.m.
Conference Number 877-670-4111
Passcode 246870
Agenda:
* Review of first Market Simulation
* System Requirements
* ADS
* SI
* Metering
* Meter Data
* Refer to attached document: Metering August Mkt Sim1
* MDAS Online work around
* Schedule Data Requirements
* RMR dispatch
* OOS
* Interties predispatch
* SC provide all DA market and supplemental energy bid data
Proposed Market Simulation Schedule (refer to attached Detailed Test Plan)
* Monday , July 31 ADS/SI/Metering connectivity
* Tuesday, August 1 DA market run for td 8/2/00
* Wednesday, August 2 Real time market for td 8/2/00 (HE 11 -- 17)
DA market run for td 8/3/00
* Thursday, August 3 Real time market for td 8/3/00 (HE 11 -- 17)
* Friday, August 4 Run settlements for 8/2/00
* Monday, August 7 Run settlements for 8/3/00
Publish settlements for 8/2/00
* Tuesday, August 8 Publish settlements for 8/3/00
* Wednesday, August 9 Market Participant Review
* Thursday, August 10 Market Participant Review
* Friday, August 11 Conference call to review market sim.
Attached please find the following documentation for your use in setting up
your systems for Market Simulation.
a. ADS Market Simulation Configuration
b. ADS_PAR Installation
c. Software Configuration for SI Development System
It is important that you use this information to prepare your system setup
ASAP. It may be necessary to have your IT department allow traffic through
your firewalls to and from the ADS market simulation IP address and port.
Please refer to the ADS Market Simulation Configuration document for
detailed instructions.
If you are interested in verbally receiving RMR pre-dispatches during the
market simulation, please let Cathy Young know when you sign up.
You may contact Christine Vangelatos at cvangelatos@caiso.com or (916)
351-2142 if you have any questions or concerns regarding ADS or SI
configuration.
CRCommunications
Client Relations Communications
<<ADS Market Simulation Configuration Instructions.doc>> <<ADS_PAR
Installation.ppt>> <<CONFIGUREdev1_.doc>> <<10-min Market Simulation Test
Script 2.doc>> <<Metering August Mkt Sim.doc>>
- ADS Market Simulation Configuration Instructions.doc
- ADS_PAR Installation.ppt
- CONFIGUREdev1_.doc
- 10-min Market Simulation Test Script 2.doc
- Metering August Mkt Sim.doc | crcommunications@caiso.com | 20participants@caiso.com, tswg@caiso.com, alzu@dynegy.com, wasil@wapa.gov, |
badeer-r/discussion_threads/92. | subject: CAISO Notice - Extension for Response to CPUC Subpoena; Response to
content: Market Participants and Scheduling Coordinators:
The ISO has obtained an extension of time to comply with the
CPUC subpoena received by fax yesterday evening, and by hard copy this
morning. A copy of the subpoena will be posted on the web site tomorrow.
The ISO is required to respond by Friday July 28. The CPUC is considering
requests for confidential treatment. In accordance with the ISO tariff,
Market Participants should at their own discretion and cost take steps to
obtain confidential treatment for data and should inform the ISO so that the
ISO can comply with its responsibility to support their efforts.
Questions on this matter should be directed to Jeanne Sole
at (916) 608-7144.
The ISO did respond to the EOB subpoena today.
Jeanne M. Sol,
Regulatory Counsel
California ISO
(916) 608-7144
____________________________________________________________________________
_______________________________________
The Foregoing e-Mail Communication (Together With Any
Attachments Thereto) Is Intended For The Designated Recipient(s) Only. Its
Terms May Be Confidential And Protected By Attorney/Client Privilege or
Other Applicable Privileges. Unauthorized Use, Dissemination, Distribution,
Or Reproduction Of This Message Is Strictly Prohibited. | bwoertz@caiso.com | 20participants@caiso.com |
badeer-r/discussion_threads/93. | subject: CPUC Supoena Deadline
content: Market Participants and Scheduling Coordinators:
The ISO has posted the CPUC subpoena on its website at
http://www.caiso.com/docs/2000/07/26/2000072610262610454.pdf
<http://www.caiso.com/docs/2000/07/26/2000072610262610454.pdf> As stated
in a message forwarded yesterday to market participants and scheduling
coordinators, the CPUC has agreed to extend the deadline for a reply to
Friday July 28, although the ISO has been informed today that the extension
is only until NOON on Friday. In addition, the ISO discussed the reference
to an affidavit in the subpoena with the CPUC and was informed that this
results from a typo which will be corrected in a corrected document sent by
federal express to the ISO yesterday (the words attached affidavit will be
replaced with the word attachments). The ISO has accepted federal express
service of the subpoena.
The ISO has raised confidentiality concerns with the CPUC and the CPUC
agreed to circulate a draft of a confidentiality agreement to the ISO today.
The ISO will forward the draft to market participants and scheduling
coordinators as soon as we receive it. Once again the ISO reiterates to
market participants that to the extent they have outstanding issues as to
the subpoena, these should be raised directly with the appropriate entity.
The ISO intends to comply with the subpoena on Friday unless it receives a
legally sufficient communication to the contrary from the CPUC or a court.
Finally, a few market participants have requested that the ISO make
available several letters forwarded to the EOB discussing confidential
treatment. These letters are attached.
Questions should be directed to Jeanne M. Sol, at 916-608-7144.
Jeanne M. Sol,
Regulatory Counsel
California ISO
(916) 608-7144
____________________________________________________________________________
_______________________________________
The Foregoing e-Mail Communication (Together With Any Attachments Thereto)
Is Intended For The Designated Recipient(s) Only. Its Terms May Be
Confidential And Protected By Attorney/Client Privilege or Other Applicable
Privileges. Unauthorized Use, Dissemination, Distribution, Or Reproduction
Of This Message Is Strictly Prohibited.
- 7-24DRAFT LETTER TO EOB FROM ISO_1.doc
- 7-25eobsubOFFER.doc | shapp@caiso.com | 20participants@caiso.com |
badeer-r/discussion_threads/94. | subject: CPUC Confidentiality Proposal
content: The attached word document is the CPUC confidentiality proposal referred to
in the previous e-mail referencing the CPUC Supoena deadline.
To Market Participants and Scheduling Coordinators
Attached please find the CPUC Legal Division Staff Draft of a
Confidentiality Proposal.
Jeanne M. Sol,
Regulatory Counsel
California ISO
(916) 608-7144
____________________________________________________________________________
_______________________________________
The Foregoing e-Mail Communication (Together With Any Attachments Thereto)
Is Intended For The Designated Recipient(s) Only. Its Terms May Be
Confidential And Protected By Attorney/Client Privilege or Other Applicable
Privileges. Unauthorized Use, Dissemination, Distribution, Or Reproduction
Of This Message Is Strictly Prohibited.
- 7-25CPUCconfidentiality proposal.doc | shapp@caiso.com | 20participants@caiso.com |
badeer-r/discussion_threads/95. | subject: excel problem, high priority
content: I somehow created 2 of the same file that it linked together. The 2 new files
are xxx4:1 and xxx4:2. I dont know how I created this, but I have tried
closing the file, exiting excel, but when I re-open the file, both of them
open. This is a very important file so I need help as soon as possible. Thank
you.
Bob Badeer
503 464 3926 | robert.badeer@enron.com | enronast@microsoft |
badeer-r/discussion_threads/96. | subject: excel problem, high priority
content: I somehow created two of the same files that are linked, and I cannot unlink
them. The files are xxx4:1 and xxx4:2. I have tried closing the iles and
closing excel, but when I re-open xxx4, both the files are re-opened. This is
a very important file, so I need help as soon as possible. Thank you.
Bob Badeer
503 464 3926 | robert.badeer@enron.com | enronast@microsoft.com |
badeer-r/discussion_threads/97. | subject: CAISO Notice - Changes to CMR Stakeholder Meeting Schedule
content: Market Participants:
This notice is to inform you that the ISO is canceling the
CMR stakeholder meetings that were scheduled for August 4 and August 8. We
are doing so in order to be responsive to Stakeholders' needs for greater
detail as articulated in the two most recent Stakeholder meetings on July 19
and 25.
As you know, after the July 13-14 introduction to the CME
Recommendation, we scheduled additional meetings (July 19th and 25th, August
4th and 8th) to discuss each element of the Recommendation in greater
detail. We have received many questions and requests for change on all parts
of the Recommendation during the past few weeks. As a result, we determined
that we needed more time for internal discussion in order to give you the
level of detail that would allow a more meaningful discussion of the
specific recommendations and potential modifications. This will allow us to
address both your questions and your suggested changes.
We have rescheduled these detailed discussions for three
consecutive days, August 15-17. 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 also meet on August 25 to discuss the ISO's final
recommendation to the ISO Governing Board.
We apologize for any inconvenience this change has caused
you, but believe that taking time to develop more details on these topics
will allow more productive discussions.
Byron Woertz
Director, Client Relations | bwoertz@caiso.com | 20participants@caiso.com |
badeer-r/discussion_threads/98. | subject: Cong
content: 1st day of cong meeting | robert.badeer@enron.com | |
badeer-r/discussion_threads/99. | subject: Cong
content: 2nd day of cong meeting | robert.badeer@enron.com | |
badeer-r/dj_articles/1. | subject: DJ US Sen. Feinstein Urges Cap For Western US Power Market
content: ---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/24/2000 07:50
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
08/24/2000 07:13 AM
To: "Golden, Mark" <Mark.Golden@dowjones.com>
cc: (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ US Sen. Feinstein Urges Cap For Western US Power Market
14:05 GMT 24 August 2000
DJ US Sen. Feinstein Urges Cap For Western US Power Market
NEW YORK (Dow Jones)--U.S. Senator Diane Feinstein, D-Calif., on Wednesday
urged
the Federal Energy Regulatory Commission to place a regionwide cap on
wholesale
electricity rates for the western United States.
To date, a price cap of $250 per megawatt-hour has been placed only on
California's
power market. A regional cap is necessary to avoid "electricity bidding
wars" between
western states during power shortages that could result in blackouts in
California,
Feinstein said.
"As is clearly evident, the energy market in San Diego is not functioning,
at this time,
as a true market," Feinstein said in a letter to FERC Chairman James J.
Hoecker. "The
lack of energy generation has produced a dramatic increase in electricity
prices with
many families and businesses facing energy bills two or three times higher
than normal
and has led to the possibility of wholesale price gouging."
Feinstein also supported President Clinton's use Wednesday of $2.6 million
in
emergency energy assistance funds for low income households, and special
credit
programs for small businesses.
-By James Covert, Dow Jones Newswires; 201-938-2061;
james.covert@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/dj_articles/2. | subject: DJ Calif Generators: `We Welcome Probe Into Power Market' - DJ Ca
content: ---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/16/2000 09:16
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
08/16/2000 06:11 AM
To: "Golden, Mark" <Mark.Golden@dowjones.com>
cc: (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ Calif Generators: `We Welcome Probe Into Power Market' - DJ Ca
lif ISO Urges FERC To Reject Pwr Producers' Complaint
12:15 GMT 16 August 2000
=DJ Calif Generators: `We Welcome Probe Into Power Market' (This article
was originally published Tuesday) By Jason Leopold OF DOW JONES
NEWSWIRES LOS ANGELES (Dow Jones)--When California Attorney General Bill
Lockyer completes his investigation into possible "collusion" in the
wholesale electricity market by generators, energy companies say he will
probably find the same thing Geraldo Rivera found in Al Capone's safe:
nothing. Still, those companies that own generation in the state say they
welcome the probe into the power market by Attorney General Bill Lockyer.
"We have done nothing wrong at all," said Tom Williams, spokesman for Duke
Energy North America (DUK). "Our plants have been running all summer long.
Prices are high throughout the west. We wouldn't invest $1.7 billion in new
generation and then try and rig the market." For the past two months,
utilities, lawmakers and other market participants have made allegations
that generators are manipulating the market and are largely responsible for
the price spikes. Locker's office said an investigation is still pending.
State regulators are also conducting their own investigation, the findings
of which will be submitted to the governor and the Federal Energy Regulatory
Commission by the end of the year. Allegations Said Unsubstantiated There
isn't a shred of evidence to support allegations, said Severing Borenstein,
director of the University of California, Berkley's, Energy Institute.
"There are no antitrust laws that state you can't charge a premium price for
power," Borenstein said. "Manipulation is a bad word. That's used in the
commodities market to find a loophole and take advantage of the rules. "I
would say this is exercising market power. ... If you want to charge high
prices you can. These are guys who play against each other every day. There
is no sort of collusion that would interest the justice department ... ."
The reason for the inquiry ordered By Gov. Gray Davis, he said, is as a
consequence of San Diego consumers being the first in the nation to pay
market-based rates for electricity. The high wholesale costs paid by
utility San Diego Gas & Electric, a unit of Sempra Energy (SRE), were passed
on to ratepayers and resulted in utility bills more than doubling. Gov.
Davis ordered the inquiry and asked federal regulators to conduct their own
investigation as well. Dynegy (DYN) President Steve Bergstrom also says
that an investigation "will turn up nothing." So why conduct one? "This is
a very politically charged issue," Bergstrom said. "When something goes
wrong you have to find someone to point the finger at." A source in the
governor's office said Davis is aware that Attorney General Lockyer's
investigation may turn up nothing, but Gov. Davis "has a responsibility to
his constituents." Supply vs. Demand What the investigation will turn up
is evidence that there is a shortage of power in the state and not enough
power plants being built to meet increasing demand, said Terry Winter,
chairman and chief executive officer of the California Independent System
Operator. Winter said he doesn't believe that there is anything wrong with
the way generators sell their power and 98% of the time the market works
well. "Is it market abuse to bid at the price cap ($250 per megawatt-hour)
knowing that you're 1,000 MW short? I have trouble identifying that as
market power abuse," Winter said. Despite some proposed regulatory changes,
such as bid caps on wholesale energy prices and a rate freeze for SDG&E
customers, Duke Energy, Dynegy, Southern Co. (SO) and Reliant (RLI) all
still plan to invest in generation in the state. That's a different stance
than the companies took a month ago when the ISO reduced the wholesale price
cap in the real-time market to $250/MWh. "At the end of the day the market
is short power and you got to get people to build new generation," said
Dynegy's Bergstrom. "We got a big investment in California. We're not
walking away from that." -By Jason Leopold, Dow Jones Newswires;
323-658-3874; jason.leopold@dowjones.com Copyright (c) 2000, Dow Jones &
Company Inc
12:15 GMT 16 August 2000 DJ Calif ISO Urges FERC To Reject Pwr Producers'
Complaint
(This article was originally published Tuesday)
WASHINGTON (Dow Jones)--California's power grid administrator Monday urged
federal regulators to reject a complaint from power producers seeking
compensation in the event out-of-state power transactions are curtailed
during an extreme power grid emergency.
The independent system operator told the Federal Energy Regulatory
Commission that the power producers seek compensation in the event of a
"situation that never has occurred any time since the ISO began operations,
and if it were to occur in the future, would do so rarely."
The ISO noted that its tariff governing access to the state's grid already
allows for compensation in the event of curtailed exports, and decried the
power producers' complaint as "a collateral attack" on a previous FERC order
rejecting claims that the tariff failed to provide adequate compensation.
Curtailing scheduled power transactions and exports would be a last resort
measure taken only after other options have been exhausted, the ISO said.
The power producers should adjust their contracts to factor in the risk of
interruption in the event of a state-wide grid emergency, the ISO said.
The ISO's objections were echoed by the state's electricity distribution
utilities and California regulators.
They complained that the power producers are merely trying to get out from
under the price controls the ISO has imposed in an effort to rein in
skyrocketing power prices this summer.
The generators "knew when they purchased California power plants and when
they entered into their export contracts that the ISO could alter their
schedules in an emergency. For them to ask the commission to make it even
more expensive, and hence, more difficult, for the ISO to maintain grid
reliability in California is irresponsible," said Southern California
Edison, a unit of Edison International (EIX).
"The complaint is a sham," declared the California Public Utilities
Commission.
"The true intent of the complaint ... is to avoid the ISO price caps by
making sales to affiliates or cooperating entities located out of state, and
sell the power back to the ISO at uncapped prices reflecting the generators'
market power," the PUC said, calling for FERC to summarily reject the
complaint.
"The complaint is factually unsupported, legally unfounded, complains of
conduct consistent with the ISO's authority under pertinent FERC decisions,
and seeks to avoid the price cap," the PUC said.
But power marketers and other power producers voiced support for the
complaint, filed Aug. 3 by Reliant Power Generation Inc. (REI), Dynegy Power
Marketing Inc. (DYN) and Southern Energy California (SO).
"By subjecting curtailed energy transactions to its maximum purchase price
of $250, and simply ignoring the financial impact on sellers, the Cal ISO
would be overtly discriminating against export transactions and market
participants who schedule energy for export," said the Electric Power Supply
Association, the national trade group representing competitive power
producers.
"It is critical that power producers ... know with certainty that the
curtailment of scheduled energy exports by Cal ISO will be compensated,"
said Morgan Stanley Capital Group Inc.
"Now that the ISO Governing Board has lowered purchase price caps to $250,
it is significantly more likely that the curtailment of exports will occur
more frequently. Less energy will be imported into California and more
energy will leave California in search of higher prices," said Williams
Energy Marketing & Trading Co. in support of the complaint's call for actual
damages and lost opportunity costs.
At least one power purchaser voiced support for the producers' position as
well.
"It seems a very basic point that if the Cal ISO must divert the
transactions of others to meet its own loads, that is should pay the full
costs of doing so," said the Northern California Power Agency.
-By Bryan Lee, Dow Jones Newswires; 202-862-6647; bryan.lee@dowjones.com
Copyright (c) 2000, Dow Jones & Company Inc
G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel. 609.520.7067
Fax. 609.452.3531
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.
<<Gunther Pergher (E-mail).vcf>>
- Gunther Pergher (E-mail).vcf | carla.hoffman@enron.com | tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com, |
badeer-r/dj_articles/3. | subject: DJ Calif ISO Exceeded $250 Cap In Off-system Buys -Sources
content: ---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/16/2000 08:36
AM ---------------------------
Enron Capital & Trade Resources Corp.
From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
08/16/2000 08:16 AM
To: "Leopold, Jason" <Jason.Leopold@dowjones.com>
cc: (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ Calif ISO Exceeded $250 Cap In Off-system Buys -Sources
15:13 GMT 16 August 2000 DJ Calif ISO Exceeded $250 Cap In Off-system Buys
-Sources
NEW YORK (Dow Jones)--The California Independent System Operator had to pay
more than its stated maximum price of $250 a megawatt-hour this week due to
short supplies of electricity in the western U.S. amid high air-conditioning
demand, according to market sources.
Under its price cap rules, the ISO is allowed to exceed its cap in
"out-of-market" purchases, which is when it purchases power in deals
arranged directly with sellers over the phone, rather than through its usual
computer-based purchasing system. The current cap was lowered to $250/MWh
from $500/MWh starting August 7.
The ISO wouldn't confirm that it had to pay more than $250 Monday.
"We're not going to reveal whether this is happening, or at what price,"
spokeswoman Stephanie McCorkel told Dow Jones Newswires. "For the sake of
protecting consumers, we will keep our price strategy confidiential. But any
out-of-market purchase above the cap is very rare."
On Sunday, the ISO agreed to pay about $350/MWh at Palo Verde to a southwest
utility for on-peak Monday power, according to a trader for the utility, who
spoke on the condition of anonymity. Bilateral trades not involving the ISO
were done as high as $375/MWh Monday afternoon in the real-time market.
Other market sources said that the ISO exceeded its cap again Tuesday
afternoon, when several major California generating units were be taken off
line for unplanned repairs, and the real-time market rose to $500/MWh for
one hour at Palo Verde. Those purchases couldn't be confirmed with sellers.
According to its price cap rule, "Such reduced cap shall not apply to
out-of-market calls placed by management to out-of-state generator
resources."
Some market participants say that regular out-of-market purchases above
$250/MWh could persuade suppliers to not offer power to the ISO via its
computer-based system, which has plateaued at $250/MWh for most of both
Monday and Tuesday afternoons.
And owners of generating stations in California say there is no
justification for giving preferential treatment to out-of-state generators.
-Mark Golden; Dow Jones Newswires 201-938-4604;
mark.golden@dowjones.com
Copyright (c) 2000, Dow Jones & Company Inc
G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel. 609.520.7067
Fax. 609.452.3531
The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.
<<Gunther Pergher (E-mail).vcf>>
- Gunther Pergher (E-mail).vcf | carla.hoffman@enron.com | tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com, |
badeer-r/dj_articles/4. | 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/dj_articles/5. | 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/dj_articles/6. | 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/dj_articles/7. | 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/inbox/1. | subject: FW: Employee Transfer
content: Robert,
Per the email below, access to Sitara has been granted.
ID = rbadeer
PW = changeme
Thanks!
Leah
-----Original Message-----
From: Severson, Russ
Sent: Thursday, March 07, 2002 4:37 PM
To: UBSW Energy Information Risk Management
Subject: RE: Employee Transfer
West Trading
-----Original Message-----
From: UBSW Energy Information Risk Management
Sent: Thursday, March 07, 2002 4:26 PM
To: Severson, Russ
Subject: FW: Employee Transfer
Russ,
Please approve access for Robert Badeer for Sitara and TDS. Please let me know what access he should have in Sitara now that he is in Houston.
Thanks!
Leah
-----Original Message-----
From: Rangel, Ina
Sent: Thursday, March 07, 2002 1:15 PM
To: UBSW Energy Information Risk Management
Cc: UBSW Energy IT Security and Controls; Marcinkowski, Danielle
Subject: Employee Transfer
Robert Badeer is currently working in our Portland office and will be coming to work in Houston office permanently. He needs to be setup on the following
Transfer his login id and outlook over here
Kobra
TDS
Sitara
Stack Manager
Common drives:
o:/Fundy_Ops
o:/ECT-Trading
o:/WebContent
Can this be setup by this afternoon?
Thank you,
Ina Rangel
713-853-7257 | management.ubsw@enron.com | robert.badeer@enron.com |
badeer-r/inbox/2. | subject: Relocation
content: Thank you for allowing me to explain the UBS relocation policy. I have included a repayment agreement that must be printed out, signed and faxed back to 203-205-3934 at your earliest convenience. I look forward to working with you in the future. Thanks
<<Domestic transfer.doc>>
Justin Arcadipane
Client Services Consultant
Phone: 203-205-4911
Fax: 203-205-3934
Email: justin.arcadipane@cendantmobility.com <mailto:justin.arcadipane@cendantmobility.com> | justin.arcadipane@cendantmobility.com | robert.badeer@enron.com |
badeer-r/inbox/3. | subject: FW: Access to TAGG
content: Robert,
Per the email below, access granted to ERMS and TAGG. Please use your UNIX id and password to access ERMS.
Please see id and initial password below for TAGG:
ID = rbadeer_pc
PW = rbadeer_pc
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 | robert.badeer@enron.com |
badeer-r/memo_s/1. | subject: Organizational Announcement - Introducing Enron Industrial Markets
content: We are pleased to announce the creation of a new business unit =01) Enron=
=20
Industrial Markets =01) within our Wholesale Energy business. Enron Indust=
rial=20
Markets will be responsible for leading all worldwide business activities i=
n=20
the Paper, Pulp, Lumber, and Steel markets, including trading, origination=
=20
and energy outsourcing activities.
Enron Industrial Markets is being created to accelerate the growth of Enron=
=20
North America=01,s existing Paper, Pulp, & Lumber business and to establis=
h and=20
grow a new business in the Steel market. The formation of Enron Industrial=
=20
Markets will allow the Enron North America and Enron Europe management to=
=20
continue to focus its efforts on the aggressive expansion of our core gas a=
nd=20
electricity business. As a standalone business unit, Enron Industrial=20
Markets can accelerate the growth of the Paper, Pulp & Lumber and Steel=20
businesses into major contributor=01,s to Enron=01,s overall growth and, wo=
rking=20
closely with Enron NetWorks, position Enron as the leader in the=20
transformation of these industries into new economy markets. =20
Enron Industrial Markets will be headed by Jeff McMahon, President and Chie=
f=20
Executive Officer, and Ray Bowen, Chief Operating Officer. They will repor=
t=20
to Mark Frevert who will be Chairman of Enron Industrial Markets. Mark,=20
Jeff, and Ray will comprise the Office of the Chairman for Enron Industrial=
=20
Markets.
Included in this new business unit and reporting to the Office of the=20
Chairman will be the following individuals and their respective groups:
Pulp, Paper, & Lumber Origination Bryan Burnett
Pulp, Paper & Lumber Trading Bob Crane
Steel Trading Greg Hermans
Transaction Development Rodney Malcolm
Enron Industrial Markets has established an operating group to manage the=
=20
operations of physical assets. This unit will temporarily report to the=20
Enron Industrial Markets Office of the Chairman.
Coincident with the establishment of Enron Industrial Markets, all energy=
=20
outsourcing activities associated with industries other than paper, pulp,=
=20
lumber and steel will be the responsibility of Enron Energy Services.
With Jeff McMahon=01,s departure from Enron NetWorks, Louise Kitchen will a=
ssume=20
the role of President and Chief Operating Officer.
Please join us in congratulating these individuals for their new roles. | office.chairman@enron.com | all.worldwide@enron.com |
badeer-r/memo_s/10. | subject: The New Power Company
content: The New Power Company, the first national residential and small business
energy service provider in deregulated
markets was launched today with strategic investors and partners including
Enron, IBM and America Online.
H. Eugene Lockhart has been named President and Chief Executive Officer of
the company. He was formerly President
of AT&T Consumer Services and Chief Marketing Officer of AT&T, as well as
President of Bank America's Global Retail
Bank and President and CEO of MasterCard International. Lockhart is joined
by a number of high-level executives from
the telecommunications and financial services sectors as well as several
former Enron executives specializing in energy
commodity pricing, marketing, risk management and government regulatory
affairs.
The former Enron employees include Jim Badum, formerly Managing Director of
Consumer Services at EES, John Henderson,
formerly Vice President of Retail Risk Management for EES, Dave Eichinger,
formerly Vice President of Corporate Development
for Enron Corp., and Kathleen Magruder, formerly Vice President of Government
Affairs for Enron Corp. Lou Pai, Chairman and
CEO for EES will serve as non-executive Chairman of The New Power Company.
Enron will provide The New Power Company with energy commodity pricing, risk
management, and government/
regulatory affairs. Ken Lay is quoted in the news release, "We've studied
the residential and small business market
for several years and believe this is the optimal way to provide value to
these customers. By assisting in setting up
an independent company, Enron is able to leverage its core competencies of
energy and risk management, while
partnering with other industry leaders to give The New Power Company
extraordinary and immediate depth and
capability." Ken will also serve on the Board of Directors.
The New Power Company is scheduled to initially provide service in
Pennsylvania and New Jersey in the second half
of 2000. The company will be headquartered in Greenwich, Connecticut, with
some operations in Houston.
For more information, please log onto their website at
http://www.newpowercompany.com. | office.chairman@enron.com | all.america@enron.com |
badeer-r/memo_s/2. | subject: Fitness Club Reimbursement Policy
content: Recently, there have been several questions regarding Enron's fitness club
reimbursement policy. I want to take this opportunity to advise you of the
revised policy as well as make you aware of a corporate membership rate which
has been established with the RiverPlace Athletic Club.
Enron will reimburse the following fees for membership at any fitness
facility:
up to a maximum of $100 for membership fees
up to $25 per month for dues
A corporate membership with RiverPlace Athletic Club has been established for
anyone interested in joining. If you would like to try out the facility
prior to joining, RiverPlace is offering a 5 day guest pass. Please speak
with Joanie Schlecter regarding the pass or to enroll.
The fees are as follows:
Individual Couple/Family
$200 membership $300 membership
$73/month for dues $116/month for dues
When you enroll, please specify that you work for Enron North America.
RiverPlace will bill Enron directly for your monthly dues and we will submit
to have your dues reimbursed through payroll deduction each pay period.
If you have any questions regarding the fitness club reimbursement policy,
please do not hesitate to ask either me or Teri Whitcomb.
Kind regards -
Amy | amy.fitzpatrick@enron.com | portland.desk@enron.com |
badeer-r/memo_s/3. | 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/memo_s/4. | 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/memo_s/5. | 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/memo_s/6. | 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/memo_s/7. | subject: ENA Meeting and Event Expenditure Approval Process
content: The approval process initiated in 1998 for all meeting and event expenditures
in excess of $5,000 has enabled ENA to better assess the business value of
events, accurately track our activities and save money. These events include
customer and employee meetings, and trade shows.
ENA has made some modifications to the process, which are described in this
memo.
The $5,000 threshold remains in effect for all customer events. However, the
threshold for approval for employee meetings and events has been lowered to
$2,000, and some additional requirements must be met prior to approval.
Please be sure to follow the procedures described below for all meetings and
events, so we can continue to successfully manage these events.
1) Prior to making any commitments to customers or vendors, all customer
events with anticipated costs in excess of $5,000, and all employee events
with anticipated costs in excess of $2,000 must be reviewed by the ENA Public
Relations (PR) department and approved by the ENA Office of the Chairman
2) The PR department will handle the site search and hotel contract
negotiations for all such events. Once this is completed, the PR department
will work with you to plan and produce your event in its entirety; or they
can provide as much or as little assistance as you require. The PR department
will be responsible for helping you achieve the best value for your program
and ENA.
3) A completed expenditure request form (see attached) and supporting
documentation is required for each event. Employee meetings require a
detailed agenda as part of the event documentation prior to approval. Please
submit the completed expenditure request form and documentation to the PR
department at EB 3642, or work with PR department employees to complete the
form.
4) After PR review, the expenditure will be submitted to the ENA Office of
the Chairman for final approval.
Additionally, the PR department can assist in the procurement of tickets for
various local sporting events and concerts.
If you have any questions regarding this process, would like assistance
planning an event, or need tickets for a Houston event, please contact Dorie
Hitchcock in the PR department at (713) 853-6978.
Thank you for your cooperation. | enron.chairman@enron.com | ena.employees@enron.com |
badeer-r/memo_s/8. | 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/memo_s/9. | subject: =?ANSI_X3.4-1968?Q?Enron=01,s_Entry_Into_Global_Metals_Market?=
content: This morning, we announced an offer to acquire London-based MG plc, one of=
=20
the world=01,s leading metals marketers, for $446 million. We have been=20
monitoring the global metals market for several years, and we believe that=
=20
now is the right time to enter this $120 billion market. We are confident=
=20
that our successful business model, which we have proven in the natural gas=
=20
and electricity markets, gives us a tremendous advantage in a market that i=
s=20
undergoing fundamental change.
Our offer to acquire MG plc has been unanimously recommended by MG plc=01,s=
=20
board of directors, and we expect to close the transaction by early third=
=20
quarter of this year, following shareholder and customary regulatory=20
approvals.
MG plc is a leading independent company in global non-ferrous metals tradin=
g=20
and marketing and the only such company that is publicly traded. =20
Headquartered in London with major offices in New York and Frankfurt, MG pl=
c=20
has 330 employees in 14 countries. It is the world=01,s leading copper=20
merchant, one of the top three merchants of copper concentrates and nickel,=
=20
and a leading European merchant of recycled metal. Other products that MG=
=20
plc markets include aluminum, lead, tin, zinc, brass and stainless steel.
This transaction provides Enron with access to new customers and enables=20
cross-marketing opportunities. We plan to sell Enron energy products to MG=
=20
plc customers and offer bundled products combining metals and power=20
outsourcing. Enron will help producers and consumers manage the risks=20
inherent in volatile raw materials and energy markets, and we will improve=
=20
commodity prices for both buyers and sellers.
MG plc=01,s existing market-making capabilities and market knowledge provid=
e an=20
immediate platform upon which to overlay Enron=01,s proven ability to offer=
=20
innovative e-commerce-enabled services to commodity-based industries. Our=
=20
new metals business will be integrated into our wholesale business by Enron=
=20
Europe CEO John Sherriff, who will work closely with Enron Net Works CEO Gr=
eg=20
Whalley. | office.chairman@enron.com | all.worldwide@enron.com |
badeer-r/move/1. | subject: Relocation
content: Thank you for allowing me to explain the UBS relocation policy. I have included a repayment agreement that must be printed out, signed and faxed back to 203-205-3934 at your earliest convenience. I look forward to working with you in the future. Thanks
<<Domestic transfer.doc>>
Justin Arcadipane
Client Services Consultant
Phone: 203-205-4911
Fax: 203-205-3934
Email: justin.arcadipane@cendantmobility.com <mailto:justin.arcadipane@cendantmobility.com> | justin.arcadipane@cendantmobility.com | robert.badeer@enron.com |
badeer-r/notes_inbox/1. | subject: FERC Presentation on California/West Wholesale Market
content: Last Thursday, I made the first attached presentation to the FERC Staff at
the power marketer's meeting on the FERC's investigation of the wholesale
market in the West (and in particular California). Ellen Wolf (of Tabors
Caramanis) and I created this presentation building on previous presentations
by Tim Belden and Dave Parquet. In the presentation and the meeting we made
the following points:
There isn't much FERC can do because the cause of the price spikes is not in
the wholesale market. We discouraged FERC from taking any action that would
hurt the vibrant wholesale market in the California and the rest of the West
as well.
High prices logically resulted from scarcity and if the Commission does
anything it should (1) investigate whether market power was being exercised
by any party and, (2) if necessary to protect the market (while still
incenting needed generation) establish a price cap at a scarcity rent level
equal to the price at which loads were willing to interrupt.
The IOUs have not properly prepared for the risk of high prices caused by
scarcity. They have failed to hedge and have underscheduled their load,
therefore having to fill a large percentage of their load at ISO real time
prices. My analogy was that this was like day trading your retirement fund
as an asset allocation scheme.
The market would function better if more information was provided to the
market.
The Commission should do whatever it can to incent participation by load.
To see the presentation, detach, save, and view in Powerpoint. When you do,
you will find there are many "hidden" slides that were not part of the oral
presentation but were provided to Staff in hard copy for additional
information.
According to the head of the investigation (Scott Miller), the staff got alot
more out of this meeting than Staff's previous meetings with the IOUs and the
generators. Based on the numerous phone calls I've been getting, the Staff
is looking into the data we provided.
I have also attached a revised version of the presentation that Tim sent to
Scott Miller on Friday. Tim's version conveys the same message but takes a
different approach to conveying the message. On Friday, Tim talked to Scott
and answered some additional questions. Tim said that Enron is in favor of
eliminating the mandatory PX buying requirement and would like the IOUs to be
able to buy from Enron Online. He also explained more fully the existence of
scarcity . | mary.hain@enron.com | james.steffes@enron.com, david.delainey@enron.com, john.lavorato@enron.com, |
badeer-r/notes_inbox/10. | subject: D.C. REPORT 8-29
content: 8/28 IS RECORDED ON 'PRIOR DAY'S' SHEET | carla.hoffman@enron.com | tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com, |
badeer-r/notes_inbox/100. | subject: SRRS Password
content: Your SSRS's password is 1543 | srrs@enron.com | robert.badeer@enron.com |
badeer-r/notes_inbox/101. | 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/notes_inbox/102. | 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/notes_inbox/103. | 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/notes_inbox/104. | 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/notes_inbox/105. | 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/notes_inbox/106. | 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/notes_inbox/107. | 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/notes_inbox/108. | 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/notes_inbox/109. | 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/notes_inbox/11. | subject: OPTIMUM
content: Good Afternoon,
Optimum has changed thier name to Natsource-Tullet. All trades with Optimum
will be needed to be input as Natsource - Tullett.
All deals done with Natsource need to be input as Natsource LLC
Thank you. | carla.hoffman@enron.com | tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com, |
badeer-r/notes_inbox/110. | 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/notes_inbox/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/notes_inbox/112. | 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/notes_inbox/113. | subject: Block Forward Financial Trades
content: Legal has been assessing the risks of doing block forward trades as financial
and for now, subject to future changes that may be required as discussions
with the CAPX legal experts continue, we can state the basic rules as
follows:
It is okay to do up to 50% of our Block Forward business as financial.
It is very important to monitor this 50% level very closely and we should not
exceed it. We should not rely on the PX to tell us what the level is. We
should confirm it ourselves. A skeptical regulator, looking at PX records
should never be able to see that we ever did more than half our block forward
business as financial.
One of the legal rules that we must comply with in this area is that there
must be a bona fide commercial reason for going financial. This
dumbfoundingly simple sounding rule is important. Somehow, when we
communicate our decision to the PX to go from physical to financial, we
should give our reason. I'm not sure whether our decision is expressed by
phone, or electronically, but in either case, the person making the change
with the PX should get in an expression something like this: "we would like
to change these trades to financial because we think the elimination of
physical risk will benefit us commercially." Please be patient with this
self serving requirement and do it.
I have not worked out with any of the other back office groups how this new
practice will be handled. Obviously any changes it will require in
scheduling, settlements and accounting need to be dealt with too. Please call
me with any questions. ----cgy | christian.yoder@enron.com | tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com, |
badeer-r/notes_inbox/114. | subject: Set of Graphs
content: ---------------------- Forwarded by Christopher F Calger/PDX/ECT on
06/27/2000 04:01 PM ---------------------------
From: Andy Chen on 06/23/2000 04:03 PM
To: Christopher F Calger/PDX/ECT@ECT
cc:
Subject: Set of Graphs
per our conversation | christopher.calger@enron.com | robert.badeer@enron.com |
badeer-r/notes_inbox/115. | subject: SAP ID - Here it is!!!!!
content: The following SAP ID and Password allows you to access pay, benefit, and
personal data via eHROnline. Do NOT provide this ID/Password to anyone as it
enables modification to direct deposit account information.
The SAP system AND eHROnline will be available beginning
FRIDAY, JUNE 23 at 8:00 AM for TIME ENTRY.
Full SAP functionality for financials will be available on July 5, 2000.
You will be asked to change your password at the initial logon. Your NEW
password should meet the following criteria:
Must be 6-8 characters long
Can include numbers and letters
Can NOT include 'enron' in your password.
The system will require you to change your password every 90 days.
The following address will connect you to eHRonline beginning FRIDAY, JUNE 23
at 8:00AM, http://eHRonline.enron.com
(Must use Internet Explorer, version 4.01 or higher to access this link.)
How do I get help?:
SAP Support:
Call the COE SAP Hotline at 713-345-4SAP (4727).
For Quick Reference Tools, Security Request Processes, after hours contact
information and other general information, go to the COE web site via
Internet Explorer using the following URL address:
http://sap.enron.com/coe
For Troubleshooting and Go-Live Tips, go to the following web site, via
Internet Explorer, using the following URL address:
http://sap.enron.com/coe
Click on SAP, then click on Troubleshooting and Go-Live Tips
Training:
Contact your site manager if you were not able to attend a SAP training
class, and would like to attend one,
for approval and role assignment.
For interactive web based training for eHRonline time entry, go to the
following web site, via Internet Explorer,
using the following URL address:
http://www.enroncast.com/docentlm/docent_lm_login.html
Select the "New Users Click Here to Register" link | enron.announcements@enron.com | sap.mailout@enron.com |
badeer-r/notes_inbox/116. | subject: WPTF Friday Credo Veritas Burrito
content: THE FRIDAY BURRITO
"...more fun than a fortune cookie, and at least as accurate."
There is a hint of Autumn in the air. I don=0F't know if it=0F's wishful
thinking, or if the seasons are really beginning to turn from our pale
summer into a Bay Area glorious Fall. It=0F's premature, I know. A few
fallen leaves, the start of schools, slightly longer afternoon shadows
... I=0F'm jumping the gun. I can=0F't wait for this summer to be over,
especially this summer. The pounding never stops, and as I hear the din
of the cash register ringing with each climb in Southwest temperature, I
can barely keep track of all the hiccups which drive prices up: fires in
Montana restricting transmission paths, blown up interstate gas pipeline
in New Mexico, diminishing N-Ox credits for in-state power plants,
depleted inventory of hours of voluntary load interruptions for
commercial and industrial customers, credit limits restricting imports
of Canadian power into the Northwest and California, and BPA buying
about 1,000 MW to cover its short hydro position.
I also get the willies every time another politician lambastes the
California restructured power industry. I just want to end to the
summer, now, and start a two week Fall vacation ... anywhere, even in
Cleveland.
There are seven, count them, seven investigations into some aspect of
the wholesale power market out here. Two days ago there were only six,
but FERC just added another yesterday in response to the Prez=0F's
request. That means FERC has two, the PUC has two, the State Attorneys
General has two (one on the ISO Governing Board, and one on the in-state
generators), and one by the Electric Oversight Board. If you don=0F't have
an ongoing study of the California Market, then you=0F're not hip.
All of these investigations, save FERC=0F's Section 206 Investigation, are
going to amount to near nothing. A lot of wasted time and paper. The
PUC and EOB studies have their conclusion sections all finished. Now
they need some evidence to support their assertions.
And how are we holding up under all of this? How are you doing? I talk
to many of you throughout the week, and I know how frustrated you are.
I share your frustration. You want to tell the public, the press, and
anyone in between the truth. You want to lay out the facts. You want
to show anyone who will listen that each interference into the market is
making things worse, not better. The price caps, for example, are
damnable and screwing up the prices, much to the detriment of those
people for who price caps were supposed to be a protection against price
shocks. Now they are receiving higher average prices.
The public isn=0F't going to listen to anything longer than a sound bite.
And let=0F's face it, when it comes to stellar public relations, our
industry is not known for turning in A+ performances, except for SCE.
Those guys seem to get their story in front of the public at every
turn. I heard SCE is putting on their customers=0F' bill, =0F"Here is what
you would have paid if the rate freeze ended ....=0F". But many of us in
the new power industry, borne from the loins of either the natural-gas
industry or nuclear-power business, learned the hard way that the best
response to a public inquiry is a two-block head start in front of an
angry mob. Keep your head down, shut your mouth, and this too shall
pass.
I don=0F't buy that approach, at least not anymore. That is, I don=0F't
believe we have anything to hide, or of which to be ashamed. What
electric restructuring is about is correct, beneficial to the public,
and in everyone=0F's best interests. Look at it this way, when they pat
the last shovelful of dirt on your final resting place, for what do you
most want to be remembered? That you caved in to the political will of
others, or at a moment when you had the chance, you did what was right
instead of what was expedient? I think the choice is easy, albeit laced
with sheer terror. Those bland homilies I so diligently teach my kids
(e.g., tell the truth, do what is right, think of the big picture and
not just yourself) are a lot easier to speak than to live by. So join
me and stand up for what you believe. They can=0F't take away your pride,
not yet.
Here is this week=0F's line up.
>>> Things in the People=0F's Republic of California
@@@ Excerpts from FERC=0F's Order on SDG&E Complaint
@@@ The Development of a Super-Peak Block Energy Product
>>> The Mailbag: A Letter from My Friend, and A Response
>>> Odds and Ends (_!_)
@@@ Finish the Story Contest
@@@ October General Meeting
@@@ What Makes Houston, Houston?
>>> Things in the People=0F's Republic of California
@@@ Excerpts from FERC=0F's Order on SDG&E Complaint
President Clinton commented from the Rose Garden that good folks in San
Diego, retired, fixed-income, likely to vote for a Democrat, are making
choices between buying medicine or air conditioning their homes. I call
this the Del Monica Beach lecture. The Prez instructed the FERC to
investigate the situation in California, and FERC wasted no time.
In response to SDG&E=0F's August 2 complaint, whereby the utility asked
FERC to impose a $250 price cap on generators in the region, the FERC
responded in a way that I was hoping to see several months ago. The
FERC slammed SDG&E on their complaint for lack of merit, and the FERC
also initiated an FPA Section 206 Investigation into the wholesale power
market in California.
Here are some of the juicy excerpts from FERC=0F's Order:
=0F"In this order, ... , we are denying SDG&E's requested immediate
imposition of a price cap on all sellers in California. However, we are
instituting consolidated hearing proceedings pursuant to section 206
of the Federal Power Act to investigate the justness and reasonableness
of the rates and charges of public utilities that sell energy and
ancillary services to or through the California ISO and PX, and to also
investigate whether the tariffs and institutional structures and bylaws
of the California ISO and PX are adversely affecting the efficient
operation of competitive wholesale electric power markets in California
and need to be modified
=0F"SDG&E concludes that the markets cannot be workably competitive if
sellers are able to exact prices that are considerably above levels that
would prevail in open competition, i.e., sellers are able to bid and
receive prices significantly above their marginal costs. SDG&E also
argues that the hour-to-hour volatility in imbalance energy prices and
the erratic clearing price for ancillary services is an indication that
the market is breaking down when it is moderately stressed.
=0F"While we find it appropriate to institute a section 206 hearing on
these issues, we cannot implement an immediate price cap of $250/MWh as
requested by SDG&E because there is no record before us to support such
an action. ... While the issues raised by this complaint are
important, the Commission has no basis to conclude that SDG&E's proposal
to place an immediate, arbitrary $250/MWh cap on the price that every
public utility seller of energy and ancillary services may bid into the
PX and ISO markets would satisfy this standard. SDG&E has provided no
evidence to demonstrate that all potential sellers are able to exercise
market power, has not documented a single instance of a seller
exercising market power during times of scarcity, and did not attempt to
show that the conditions underlying the Commission's approval of
market-based rates for public utility sellers of energy and ancillary
services have changed. Nor did it address specific market or
institutional factors that may be causing rates to be unjust or
unreasonable.
=0F"SDG&E asserts that the ISO's congestion management and market
structures are flawed and in need of overhaul. ... Furthermore, SDG&E
expresses its concern that, for a number of reasons, the congestion
management and market reform efforts being pursued by ISO stakeholders
will not produce meaningful results. SDG&E indicates that it is
prepared to work with the ISO to develop alternative reform proposals;
however, SDG&E's complains that the ISO stakeholder process has, in
SDG&E's judgment, been ineffective with respect to these issues.
=0F"Various interveners contend that SDG&E's arguments are premature. ...
We agree with Interveners. ... The reform efforts have been the subject
of extensive public review and comment and are nearing completion.
Accordingly, we reject SDG&E's arguments at this time.
=0F"It is unclear whether SDG&E's failure to purchase hedging instruments
for its retail operations is due to state regulatory policies or its
business decisions. A retail rate design that exposes consumers to the
volatility of commodity prices would be extraordinary, particularly when
consumers do not have the ability to receive or respond to price
signals.
=0F"We are concerned that ... increasing level of market activity in the
real-time market raises significant reliability and economical concerns.
... Historically, the ISO procures on a daily basis only the resources
needed for the operating day. Not only does this procurement practice
put pressure on the grid operator to secure needed resources at the last
minute, but the practice is uneconomical. Such spot-market purchases
are not subject to the ISO's buyer's cap. Furthermore, because the ISO
is the supplier of last resort for these services, when OOM calls are
made, suppliers realize that the ISO is in a must-buy situation.
=0F"In an effort to address this problem, we direct the ISO to immediately
institute a more forward approach to procuring the resources necessary
to reliably operate the grid. Specifically, the ISO should anticipate
the need for such additional resources based on forecasted peak
periods. We direct the ISO to factor these reforms into an analysis of
the need for and level of purchase price caps and to include this
analysis as support for any filing it makes to extend its purchase price
cap authority.=0F"
In closing, WPTF is an intervenor in the case, and we hope to be very
active in the case through testimony, cross examination, the filing of
briefs, and reply briefs.
>>> Things in the People=0F's Republic of California
@@@ The Development of a Super-Peak Block Energy Product
Several weeks ago, I discussed with the ISO their interest in developing
a new market for a block energy product that would be purchased in the
morning of a trade day, and be dispatched during the super-peak hours.
I challenged them to let the market participants develop this market
instead of the ISO doing the same.
At the August 1 ISO Governing Board meeting, I stated as the WPTF
position that we oppose price caps, but if the ISO Governing Board
insisted on going down the $250/MWH price cap route, we would do what
ever we could to help the situation and avoid the occurrences of Stage 3
alerts. Whereas I didn=0F't think about the conversation on super-peak
block markets as being relevant to the remarks before the Governing
Board, it became painfully clear soon after that we could, and should
work with the ISO to develop a new market through either APX or the
California PX, or both, to bring some order to the otherwise chaotic Out
of Market system.
This week, WPTF and the ISO had a joint meeting whereby both sides
discussed the merits of a super-peak block firm-energy product, and how
it could be instituted. The meeting at the ISO, at which WPTF had many
of its members who either have generation in the State, or import power
into California, was for market participants and the ISO to discuss how
to bring more order and price transparency to the ISO's out of market
calls. The ISO reported that this summer, to date, the amount of money
spent on Out of Market purchases was about $100 million. Last year the
total cost of Out of Market purchases was $1.7 million.
APX and CalPX, in response to our earlier discussions with them,
presented their proposals at the meeting. The discussions which ensued
during the course of the presentations focused on how the ISO might
utilize a product/service to reduce the manpower requirements currently
needed to satisfy its out of market telephone calls, typically on short
notice, and the interest on the part of market participants to make bids
into either the APX or CalPX's proposed system for a super-peak
firm-energy product.
There were no commitments made by any party, simply a willingness to
work together to alleviate the problems associated with finding
sufficient electric power during high demand periods with greater
transparency, more participants, and greater market efficiency.
We=0F'll keep you posted on our development of this market.
>>> The Mailbag: A Letter from My Friend, and A Response
Sometimes I share bites of our Burrito with fellow travellers, much as I
did last week when I sent my friend Mike Florio a copy of the story
called the Trial of Gow Jing. Mike sent me a note that I would like to
share. He said I could. I want you to read it and appreciate that there
are other people who share his view. I also copied the response I sent
to Michael, a.k.a. Old Deuteronomy.
Michael wrote:
=0F"I'm not going to attempt to complete your little melodrama [the
Gow-Jing story], but I did want to offer an observation. In simpler
times, people knew the other people that they did business with, and
they typically lived in the same community. If a merchant tried to
charge exorbitant prices for his products, even if he was the only one
in town who had the product in stock, he would face the wrath of his
fellow citizens. This undoubtedly served as a constraint on such
behavior, even in the absence of a CPUC or FERC. Telling Mrs. Jones that
the loaf of bread she needs to feed her kids will cost her $50 would not
be a pleasant way to do business, and such things ordinarily did not
happen.
=0F"In the modern global economy, of course, this personal aspect of doing
business has been almost completely lost. And so has the restraint. I
have no doubt that the folks who sell electricity are good people (jeez,
I know many of them), but they work in an environment where the end
results of their business decisions are invisible. If Mrs. Jones can't
afford to run her refrigerator any more, that fact is at best dimly
perceived, and if so it is viewed as cause for some sort of social
program, not a reason why a merchant would alter his behavior.
=0F"This is clearly not a case of socialism versus capitalism, because both
scenarios occur within the overall context of a capitalist system. But
certainly something fundamental has changed, and not for the better in
my view. Now everyone feels compelled to squeeze the last dollar out of
every transaction-- their jobs may even depend upon it-- and no one is
responsible for the end result. Is this the kind of world we want to
live in???
=0F"PUT THAT IN YOUR BURRITO AND SEE WHAT YOUR READERS SAY! YOU CAN EVEN
BLAME ME, SO THAT YOU ARE NOT ACCUSED OF TURNING PINK IN YOUR MIDDLE
AGE. Deut=0F"
Okay. It=0F's in the Burrito. And here is what I think.
You allude to the change in a world that was once =0F"more personal=0F" and=
is
now institutional. You make the point that things are not better off if
for no other reason then the lack of personal accountability. But I
don=0F't think that in all cases the more personal world is lost. It is
ever present, as I will argue below. Second, your group embraces the
impersonal =0F"efficiencies=0F" when it is convenient. Finally and most
importantly, where will your social-minded and like minded counterparts
be when competitive forces leap supply ahead of demand, which might
happen in a handful of years?
However, your essential point is not lost on me. I do believe that
there are ways for generators and consumers to be good neighbors in
California. I have a proposal below to which I would like to hear your
response.
First, though, the personal business touch is present in our economy. I
exercise the restraint to which your story pines in many of my
consulting engagements which require financial give and take between
client and vendor. It is simply smart business to do so. I have been
the beneficiary of the same with my local bank when errors occurred in
my checking accounts, or when loan payments were made absent mindedly
late, etc., and the late fee forgiven. However, much of our economy,
and certainly the trade of a commodity such as electricity requires the
use of markets. Nameless and faceless, they do squeeze out all the
efficiencies which lead to lower prices, more innovation, and a sharing
of price risk with parties who are neither the ultimate consumer nor the
initial producer. The producer and consumer get out of the risk
arbitrage and leave it to others who are more skilled and monied.
I find it ironic that TURN, then, is so insistent on arguing, as it has
done on many many occasions for the relaxation of market separation in
the ISO=0F's congestion management reform. Elimination of market
separation is nothing more than the impersonal forcing of parties to
execute trades on either side of a congested transmission path in the
name of market efficiency. Lower prices for consumers. Does it really
matter if it is done through person to person transactions, or through
markets?
Third, your story can be used to make an alternative point. What
happens to the merchant in town when Wal-Mart moves into the next town
down the road? All the faithful customers that your Merchant of
Vengeance was protecting suddenly migrate to a competitor with greater
inventory, more choice, and lower prices. What do you say, then? The
corollary for us is direct. The new generation owners moved literally
billions of dollars into California, at risk, and took a chance. It
paid off. They succeeded as we all know this year, and probably will
next year, and so on. But the 3,000 MW of new power plants under
construction in California, and the 3,000 MW under construction in
Arizona, and the over 16,000 MW of combined power projects in
California, Arizona, and Southern Nevada that are in line for permits
will change the financial landscape in a hurry once energized. The
prices will soften, returns will be less cherry, and I really want to
know, where will today=0F's accusers be when there is a shake out?
Consumers will reap that benefit, oh you best believe it. But the
alliances to which your opening story alludes simply misses that point.
You gotta make hay while the sun shines.
Now to my proposal. Michael, I would be willing to work with you to
develop some kind of loan program for residential and small commercial
customers that would, in effect, reduce the economic hardship of higher
electricity prices. I could imagine, although I haven=0F't tested the idea
with any parties, that a significant program could be crafted, possibly
secured by the credit of participating generating companies, and
executed by a commercial lending institution such as Bank of America.
Borrowers would pay a fair interest rate and the administrative fees.
It=0F's simply smart business, not charity. It=0F's one way to amortize th=
e
earnings which came about due to a circumstance of short supply relative
to the sudden growth of demand for power.
Maybe that is a step in the right direction, I don=0F't know. One could
argue that it is no different than SDG&E implementing a level payment
plan for it=0F's consumers. True, it is no different, because in either
case the customer is paying for the loan interest and administrative
fees, and I consistently believe that a market for credit is more
efficient (am I getting impersonal?) than one instituted by a
monopoly. Second, the security for these loans is provided by parties
other than the utility=0F's customers. Further, we wouldn=0F't have to wor=
ry
about PUC oversight and prudence reviews. We could make this work
quickly.
I will be very interested to hear your thoughts, and the comments of my
members. Thanks for sending us your letter.
>>> Odds and Ends (_!_)
@@@ Finish the Story Contest
Well, there was only one response, and that was from Carl Imparato.
Here is what Carl said,
=0F"Am I missing something? Who is Gow-Jing supposed to represent? (Yes, I
get the pun in the name. But is he also just an anonymous "everyman" or
is there someone in particular?)
=0F"My first response to your question is that Gow-Jing simply replies
=0F`Itai!=0F' (You could look it up... I think it's Chinese for =0F`it hurt=
s!=0F').
Then he takes out a concealed axe, goes on a rampage and kills
everyone. But that's too realistic, so don't use that ending. Instead:
=0F"Ending: Just as he was about to reply, a giant 500 foot wall of water
swept through the room, drowning everyone. And they lived happily ever
after. The end."
I haven=0F't decided whether to name this response Carl=0F's Gilgamesh Epic
(I.e., Noah and the flood), or Carl=0F's Hydro Dream. We=0F'll leave the
contest open for another week. Can=0F't let $5 bucks go the only entry.
Where=0F's the competition?
>>> Odds and Ends (_!_)
@@@ October General Meeting
Barb Ennis, our event coordinator for our General Meeting wanted you
folks to know that the Inn at Morro Bay blocked a few more rooms for us
on Wednesday, October 4th (for the early birds) and of course Thursday,
October 5th. To date, 21 of the 24 rooms originally set aside in the
WPTF block are now taken.
Among the additional rooms, there are 2 rooms blocked with double beds
on Wed. & Thur. nights at $152.00 each and 6 rooms on both nights for
$89.00 each. Folks, you better call the Inn at Morro Bay, telephone
800-321-9566. Rooms should be requested under the name of the Western
Power Trading Forum.
Also feel free to call the Inn and book a room for Friday and Saturday
if you wish to stay over....ask for SHAWN.
For those who are in the golf, green fees are $28.00 plus $10.00 for the
cart.
Please RSVP me by E-Mail (baennis@ix.netcom.com) if you are attending
The Social Evening Dinner On Thursday Night ($45 per person, all are
invited) and also the luncheon on Friday (no charge) .... I must have an
accurate headcount.
Have a great weekend and see you at Morro Bay.......Barb
>>> Odds and Ends (_!_)
@@@ What Makes Houston, Houston?
Dan Douglass of Arter and Hadden sent us the following item. Houston,
the unofficial home of the electric power industry, is a town you either
love or hate. Here are some guiding principles offered by the Chamber
of Commerce of the 4th largest city to enable their many visitors to
cope.
=0F=07 First you must learn to pronounce the city name. It is YEWS-TUN a=
nd
it does not matter how people pronounce it in other places.
=0F=07 Forget the traffic rules you learned elsewhere. Houston has its ow=
n
version of traffic rules. Never forget that downtown Houston is composed
entirely of one way streets. The only way to get out of center of town
is to
turn around and start over when you reach Dallas, Texas.
=0F=07 All directions start with, "Go down Westheimer..."
=0F=07 Westheimer has no beginning and no end.
=0F=07 It's impossible to go around a block and wind up on the street yo=
u
started on. The Chamber of Commerce calls this a "scenic drive".
=0F=07 The 8am rush hour is from 6:30 to 9:30am. The 5:00 pm rush hour is
from 3:30 to 6:30 pm. Friday's rush hour starts on Thursday morning.
=0F=07 If you actually stop at a yellow light, you cannot be from Houston=
.
=0F=07 Kuykendahl Road can only be pronounced by a native, so do not
attempt the phonetic pronunciation. People will simply tilt their heads
to the right and stare at you.
=0F=07 Construction on the Gulf Freeway is a way of life, and a permanent
form of entertainment.
=0F=07 Many bizarre sights can be explained simply by uttering the phrase=
,
" Oh, we're in Montrose!!"
=0F=07 Construction crews aren't doing their job properly unless they
close down all lanes except one during rush hour.
=0F=07 If someone actually has their turn signal on, it was probably lef=
t
on at the factory where the car was made.
=0F=07 White haired men driving red or silver sports cars will not obey a=
ny
known traffic rule and cannot be expected to stop for red lights or stop
signs.
=0F=07 All ladies with blue hair who drive Cadillacs or Lincoln
Continentals have the right of way.
=0F=07 The above mentioned blue haired ladies also have a legal right to
turn right from a left lane or to turn left from a right lane. YOU HAVE
BEEN WARNED!
=0F=07 Buying a Houston street map is a waste of money since there is
absolutely no way that you can route yourself in such a manner as to
avoid major road construction.
=0F=07 Houston natives are so rare that they are listed on the endangered
species list. The few remaining specimens are kept in a controlled
environment for their own safety.
=0F=07 Sir" and "Ma'am" are used by the person speaking to you if there's=
a
remote possibility that you're at least 30 minutes older than they are.
=0F=07 "Sugar" is a more common form of address than "Miss". So is
"Honey". Do not take offense. This is how southerners address grown
women.
=0F=07 In Houston we drink Coca-Cola and Dr. Pepper. It is rumored that
other soft drinks are sold here, but no one will admit to knowing anyone
who actually drinks them. So don't ask for any other soft drink.
=0F=07 What you need to know when arriving at Bush Intercontinental
Airport: Your arrival gate is at least 32 miles away from the Main
Concourse of any terminal. Walking heels on your boots or walking shoes
are advised.
=0F=07 Never honk your horn at another car in Houston traffic. The bumper
sticker that reads, "Keep honking, I'm reloading" is considered fair
warning.
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D
Have a great weekend, y=0F'all.
gba | foothi19@idt.net | charlotte@wptf.org |
badeer-r/notes_inbox/12. | subject: CAISO NOTICE: CMR Comments
content: Market Participants:
Please direct all comments to the CMR Recommendation to the Board to Byron
Woertz at bwoertz@caiso.com
Thank You!
Byron Woertz
Director, Client Relations | cgrant@caiso.com | 20participants@caiso.com |
badeer-r/notes_inbox/13. | subject: ISO To Participate in Super Peak Market
content: FYI
---------------------- Forwarded by Mary Hain/HOU/ECT on 08/29/2000 01:33 PM
---------------------------
Jeff Dasovich@EES
08/29/2000 08:33 AM
To: Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Tim
Belden/HOU/ECT@ECT, James D Steffes/HOU/EES@EES, Mona L
Petrochko/SFO/EES@EES, Susan J Mara/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES,
mpalmer@enron.com, Karen Denne/Corp/Enron@ENRON, David Parquet/SF/ECT@ECT,
Roger Yang/SFO/EES@EES
cc:
Subject: ISO To Participate in Super Peak Market
---------------------- Forwarded by Jeff Dasovich/SFO/EES on 08/29/2000 10:32
AM ---------------------------
Gary Ackerman <foothi19@idt.net> on 08/26/2000 04:21:58 PM
Please respond to foothi19@idt.net
To: Bill Ross <billr@calpine.com>, Bob Anderson <Robert_Anderson@apses.com>,
Carolyn Baker <cabaker@duke-energy.com>, Corby Gardin
<jcgardin@newwestenergy.com>, Curtis Kebler
<Curtis_L_Kebler@reliantenergy.com>, Denice Cazalet <dcazalet@apx.com>, Gene
Waas <glwaas@calpx.com>, Greg Blue <gtbl@dynegy.com>, Jack Pigott
<jackp@calpine.com>, Ken Czarnecki <Ken_J_Czarnecki@calpx.com>, Kent
Wheatland <KEWH@dynegy.com>, "Klemstine, Barbara A(F56661)"
<barbara_klemstine@apses.com>, Randy Hickok <rjhickok@duke-energy.com>, Rob
Lamkin <rllamkin@seiworldwide.com>, Rob Nichol <rsnichol@newwestenergy.com>,
robert berry <berry@apx.com>, Roger Pelote <rpelote@energy.twc.com>, Sue Mara
<smara@enron.com>, curt hatton <curt.Hatton@gen.pge.com>, Jeff Dasovich
<jdasovic@enron.com>, Dan Douglass <douglass@arterhadden.com>, Al Parsons
<alp@ncpa.com>, Bob Reilley <rreilley@coral-energy.com>, Brian Jobson
<bjobson@smud.org>, Dave Nuttall <dn@ui.com>, Edmond Chang <echang@wapa.gov>,
Ken Lackey <Kenneth_Lackey@EdisonMission.com>, Linda Hamilton
<lhamilton@avistaenergy.com>, Mark Tallman <mark.tallman@pacificorp.com>,
"Richard H. Counihan" <counihan@greenmountain.com>, Sheryl Lambertson
<sslambertson@pplmt.com>, Steve Fisher <stephen_fisher@transalta.com>, Steve
Ponder <steve_ponder@fpl.com>, Tom Breckon <tom@ncpa.com>, "Wolfe, Don -
PGSO-5" <dvwolfe@bpa.gov>, Chuck Goligoski <cgoligoski@avistaenergy.com>,
Elaine Walsh <Elaine@citizenspower.com>, Duane Nelsen <dnelsen@gwfpower.com>,
Reggie Howard <rhoward@reliantenergy.com>, Tim Belden
<tbelden@ect.enron.com>, Dave Francis <DFRA@dynegy.com>
cc:
Subject: ISO To Participate in Super Peak Market
Folks,
Late Friday afternoon Ziad called me. The ISO Governing Board earlier
the same day turned down the ISO management's request to force SCs to
place 95% of their scheduled load in the DA market. That leaves the ISO
little choice but to venture into the energy markets to procure power to
cover their peak hours on hot days.
Terry gave Ziad the OK to proceed with placing both the APX and
California PX screens for this new product/matching-service. I am
working with the two vendors and the ISO to make this happen quickly.
We anticipate that the market will open on Tuesday, September 5, or
earlier.
Key people who you may need to contact:
ISO - Ziad Alaywan 916-351-2140 (Nancy Traweek and Jim McIntosh are
also in the loop)
PX - Ken Czarnecki 626-537-3123
PX - John Yurkanin 626-537-3124
APX - Denice Cazalet 408-517-2123
APX - Michael Heinrich 408-517-2159
Please feel free to contact me with your questions. Several of you have
not had the opportunity to attend the pre-design meetings we had at the
California PX and APX a few weeks ago, nor were you aware of the joint
WPTF/ISO meeting held last week. But in essence, what this
product/matching-service will allow you to do is post bids to sell, or
buy a 6-hour block of capacity at a firm energy price across the hours
of HE13 to HE18. You can bid at COB, Mead, PV, SP15 or NP15. You can
utilize either the CalPX or APX to post your bids, because the ISO will
be watching both screens. The block sizes are (supposed to be) 25MW.
The seller is responsible for arranging transmission to the delivery
point, and the buyer (e.g., ISO) is responsible for arranging
transmission service from the delivery point. The ISO will make its
purchase decisions for the day-of at or before 8:00 a.m. The ISO will
send out a general notice when it needs offers to sell on the super-peak
market. I expect that bids for either buy or sell will be able to be
posted at any time, 24 hours. The screens should allow parties to post
buy or sell bids at least 60 days forward of the trade day.
You are not limited to a price cap in these markets, but the ISO as a
buyer has the right to not purchase at prices above it's price cap.
I think WPTF members should be very proud that we were able to quickly
work together, and with the ISO to create this market. I have no doubt
the ISO will be offering bids to purchase starting Sept 5, and going
forward 60 days. However, who among you will be willing and able to
post bids to sell?
gba | mary.hain@enron.com | chris.foster@enron.com, john.forney@enron.com, jeff.richter@enron.com, |
badeer-r/notes_inbox/14. | subject: CAISO NOTICE: Final CMR Recommendation to the Board of Governors
content: Market Participants:
The final CMR Recommendation to the Board of Governors is now available for
your review and comments at
http://www.caiso.com/clientserv/congestionreform.html The template for your
comments is forthcoming.
The deadline for your comments to be returned to CAISO has been extended to
Thursday, August 31, close of business. For those that may have their
comments ready before the deadline, please feel free to email them in.
Regards,
Byron Woertz
Director, Client Relations | cgrant@caiso.com | 20participants@caiso.com |
badeer-r/notes_inbox/15. | subject: CAISO Notification - 10-minute settlements implementation Confere
content: A conference call will be held on Wednesday, 8/30/2000 from 1330 to 1430 PDT
to discuss the technical details for implementation of 10-minute
settlements. Attached is a draft implementation schedule which will be
discussed and reviewed during the call.
Conference Call Number: 1-888-837-2407
Passcode: 164517
Please contact Christine Vangelatos at cvangelatos@caiso.com or (916)
351-2142 if you have any questions regarding the attached.
<<10-min Installation Schedule External.doc>>
Jim Blatchford
Client Relations
Cal ISO
916.608.7051
- 10-min Installation Schedule External.doc | crcommunications@caiso.com | scsettlecontacts@caiso.com, tswg@caiso.com, 20participants@caiso.com |
badeer-r/notes_inbox/16. | subject: Fwd: Workshop of note
content: Just learned about this. Any interest in GA covering this?
---------------------- Forwarded by Mona L Petrochko/SFO/EES on 08/29/2000
01:06 PM ---------------------------
"Robert Weisenmiller" <rbw@mrwassoc.com> on 08/29/2000 11:20:44 AM
To: Mona Petrochko <mpetroch@enron.com>, Aaron Thomas
<athomas@newenergy.com>, Rick Counihan <rick.counihan@greenmountain.com>
cc:
Subject: Fwd: Workshop of note
FYI.
Bob
>Delivered-To: mrwassoc@atlas.dnai.com
>X-Sender: acomnes@pop.prodigy.net
>X-Mailer: QUALCOMM Windows Eudora Version 4.3.1
>Date: Tue, 29 Aug 2000 11:09:38 -0700
>To: scm@MRWassoc.com, rbw@MRWassoc.com
>From: "G. Alan Comnes" <GAC@MRWassoc.com>
>Subject: Workshop of note
>X-Envelope-To: <rbw@MRWassoc.com>
>X-MDRemoteIP: 207.181.194.110
>X-MDaemon-Deliver-To: rbw@mrwassoc.com
>
>This kind of stuff usually does not show up on the daily calendar ....
>
>
>Workshop Notice
>August 29, 2000
>10 am
>
>and
>
>August 30, 2000
>9 am - 12 noon
> Pacific Gas and Electric Company
>77 Beale Street, Auditorium
>San Francisco
>
>The CPUC and the California ISO are sponsoring a workshop on the Electric
>Settlements Process in California's Direct Access market. The purpose of
>the workshop is to provide all market participants with an overview of the
>Settlement Process and to share information about controls and practices
>used by various participants during the settlement process.
>Please RSVP by August 18th by calling or emailing Jeanette Plumley at the
>California ISO with the name of your organization and the number of people
>attending each day. Ms. Plumley can be reached at (916) 608-5971 or by
>email at jplumley@caiso.com.
> | mona.petrochko@enron.com | Mary Hain@Enron, Tim Belden@ECT, Robert Badeer@ECT |
badeer-r/notes_inbox/17. | subject: Fwd: Vacation
content: PLEASE READ.
JEN
- TEXT.htm
Date: Tue, 29 Aug 2000 11:50:32 -0700
From: "Jennifer Ballas" <Jennifer_Ballas@pgn.com>
To: Alan_Garton@pgn.com,Allen_Pierce@pgn.com, Al_Beck@pgn.com,
Art_Hickenlooper@pgn.com, Bao_Ha@pgn.com, Barbara_Pohl@pgn.com,
Bette_Stewart@pgn.com, Bill_Camper@pgn.com, Bill_Glenn@pgn.com,
Bill_Lawson@pgn.com, Bob_Coffman@pgn.com, Bob_James@pgn.com,
Bonnary_Warren@pgn.com, Celena_Williams@pgn.com, Cheri_Thomas@pgn.com,
Christopher_Moncrieffe@pgn.com, Chris_Barnes@pgn.com, Chris_Bond@pgn.com,
Chuck_McCartney@pgn.com, Colm_Lenaghan@pgn.com, Cynthia_Apodaca@pgn.com,
Dale_Garcia@pgn.com, Dan_Jones@pgn.com, Dave_Hunt@pgn.com,
Dave_Kruse@pgn.com, David_Blanchard@pgn.com, Dawn_Sukosd@pgn.com,
Donnece_White@pgn.com, Dore_Judd@pgn.com, Dustin_Brooks@pgn.com,
Earl_Cahoe@pgn.com, Emmanuel_Angulo@pgn.com, Gary_Kelsay@pgn.com,
Gary_Lindland@pgn.com, Gary_Reynolds@pgn.com, Gary_Tingley@pgn.com,
Gene_Glasner@pgn.com, Greg_Beck@pgn.com, Greg_Busch@pgn.com,
Harry_Wright@pgn.com, Janel_Loveall@pgn.com, Janet_Gulley@pgn.com,
Jann_Gilbert@pgn.com, Jan_Fauglid@pgn.com, Jay_Landstrom@pgn.com,
Jeff_Danielson@pgn.com, Jennifer_Busch@pgn.com, Jerry_Todd@pgn.com,
Jim_Bailey@pgn.com, Jim_Bushek@pgn.com, Joe_Ballas@pgn.com,
Joe_Barra@pgn.com, Joe_Johnston@pgn.com, Joe_Piluso@pgn.com,
Joe_Smith@pgn.com, John_Andresen@pgn.com, John_Linn@pgn.com,
John_McLain@pgn.com, John_Uwagbae@pgn.com, John_Vaaler@pgn.com,
Jon_Head@pgn.com, Jo_Calk@pgn.com, Judy_Schwabe@pgn.com,
Kathleen_Stone-DeBerry@pgn.com, Kathy_Davies@pgn.com, Ken_Huggins@pgn.com,
Larry_Morgan@pgn.com, Lea_Honeycutt@pgn.com, Loren_Mayer@pgn.com,
Lorne_Quigley@pgn.com, Louise_Hoppes@pgn.com, Mark_Zessin@pgn.com,
Michael_Barnhart@pgn.com, Mike_Gandert@pgn.com, Mike_Hemelstrand@pgn.com,
Mike_Newman@pgn.com, Mike_White@pgn.com, Nancy_Williams@pgn.com,
Niloofar_Khiabani@pgn.com, Norman_Hale@pgn.com, Oliver_Dillner@pgn.com,
Patrick_Gleason@pgn.com, Richard_Goddard@pgn.com, Rich_Farrell@pgn.com,
Rich_Rohrich@pgn.com, Robert_Weber@pgn.com, Ruth_Ash@pgn.com,
Sally_Rhys@pgn.com, Sam_Benitez@pgn.com, Sam_Siciliano@pgn.com,
Scot_Lawrence@pgn.com, Stan_Burnham@pgn.com, Stan_Gray@pgn.com,
Steve_West@pgn.com, Sue_Cowan@pgn.com, Tami_Clifford@pgn.com,
Tom_Ficker@pgn.com, Vern_Simmons@pgn.com, Vic_Purvis@pgn.com,
Wayne_Law@pgn.com, Weimin_Tung@pgn.com
Subject: Vacation
Mime-Version: 1.0
Content-Type: multipart/mixed; boundary="=_F9A16103.4120570E"
How is everyone? I just wanted to touch base with you. Tomorrow I will be
heading out on vacation and will not return till Thursday, September 7th.
Most classes will remain as scheduled EXCEPT Wednesday and Friday Muscle
Maintenance and Friday Stretching.
Please try and help out when you can--setting up circuits, changing towels
bags, stocking towels in the locker rooms.
Don't party too much and I will see you soon.
Jen
- TEXT.htm | jennifer_ballas@pgn.com | dale.rasmussen@enron.com, diana.scholtes@enron.com, jeff.richter@enron.com, |
badeer-r/notes_inbox/18. | subject: CAISO Notification: Operations Procedure E-508 - 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.
ISO Operating Procedure posted: E-508 Electrical Emergency Plan
Version: 1.6
Effective Date: 8-29-2000
Changes / Reasons: Minor editorial changes
* Please find them at
http://www1.caiso.com/thegrid/operations/opsdoc/index.html under the
appropriate Operating Procedure section heading.
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 | 20participants@caiso.com |
badeer-r/notes_inbox/19. | subject: CAISO NOTICE: Date Change for September Market Issues Forum
content: ISO Market Participants:
Please note that the September Market Issues Forum will be held on Tuesday,
September 19 instead of September 13. We will distribute a preliminary list
of topics to be discussed during the week of September 11. Please send your
suggestions for discussion topics to me at bwoertz@caiso.com.
In order to allow us to plan seating and catering for the September 19
meeting appropriately, please RSVP (Reserve Seating Verify Provisions)
regarding your attendance to Colleen Grant to cgrant@caiso.com or (916)
608-7069.
Regards,
Byron Woertz
Director, Client Relations | cgrant@caiso.com | 20participants@caiso.com |
badeer-r/notes_inbox/2. | subject: CAISO Notice - Comprehensive Market Redesign - Template for Comme
content: Market Participants:
The ISO has posted on its web site a template for your use
in submitting your final comments on the ISO's Congestion Management Reform
Recommendation that is part of its Comprehensive Market Redesign. The
template is posted at http://www.caiso.com/clientserv/congestionreform.html
<http://www.caiso.com/clientserv/congestionreform.html> . Final comments
are due to bwoertz@caiso.com <mailto:bwoertz@caiso.com> by 5:00 p.m. PDT on
Thursday, August 31. We will include a summary of all comments received to
the ISO Governing Board as part of the CMR Recommendation for their
approval.
Please note that the template asks you to identify the name
of the person submitting comments, the name of your organization (please
limit comments to one set per organization) and whether you would like to
have your comments posted on the ISO web site.
Please contact me if you have any questions.
Byron Woertz
Director, Client Relations
(916) 608-7066 | bwoertz@caiso.com | 20participants@caiso.com |
badeer-r/notes_inbox/20. | subject: SSARR Update Available Now
content: updated: Aug 29, 2000 at 9:33 | theizen@ect.enron.com | robert.badeer@enron.com |
badeer-r/notes_inbox/21. | subject: CAISO NOTICE: Attention ALL ISO Users
content: > ATTENTION All ISO USERS
>
> The work on the Siemens Phone Switch has been completed by MCI. Please
> call the ISO Support Center @ ext. 2309 if you have any questions.
>
> Thank you for your cooperation.
>
> ISO Support Center
> 916-351-2309 or 888-889-0450
> ISO Support Center Mission: The ISO Support Center is dedicated to
> providing World Class Customer Service to the California ISO.
>
>
>
> | cgrant@caiso.com | marketstatus@caiso.com |
badeer-r/notes_inbox/22. | subject: E-Mail
content: FYI,
We are at a point with the mail server that is going to require me to shut it
down during the day today and perform hardware upgrades. That is unless
everyone and I mean everyone goes through their mail and cleans out the sent
mail, inbox and trash folders. If this is not done soon then mail will stop
functioning all together.
I would prefer to upgrade the hardware in the evening but this will take
several hours.
So please help out by cleaning house on your mail, otherwise we will be
forced to do the upgrade in the middle of the day.
Thanks,
MIke Mc. | mike.mcclain@enron.com | portland.desk@enron.com |
badeer-r/notes_inbox/23. | subject: Power Plant Development Update/New Economic Life for Shut-in Well
content: In Energy Insight for Tuesday, August 29
In Energy Insight Today (Blue Banner, all subscribers)
Power plant developers shake off the dog days of summer with plans for
another 15,000 MW of generating capacity. Check out the latest update to
Energy Insight's power plant development Market Indicator at
http://www.einsight.com. While you're at it, browse through Energy Insight's
other updated Market Indicators, including domestic and international M&A
activity, power plant sale list and European restructuring scorecard. Look
for the Market Indicators link under the blue banner story on Energy
Insight's front page.
In Energy Insight 2000 (Red Banner, premium-pay access only)
Energy Insight Fuels: High prices for oil and natural gas may give new
economic life to shut-in wells, which offer not only an in-place reserve of
fuel, but a hedging strategy for producers as well. Read details at
http://www.einsight.com.
For subscription information to Energy Insight 2000, call in the U.S.
720-548-5429 or e-mail einsightsales@ftenergy.com.
*************
Wanted: 2000 FT Energy Global Award Nominations
Time is running out to nominate your company or CEO for the 2000 FT Energy
Global Awards! Now's the time to recognize those companies and individuals
who are truly defining excellence amid the challenges of a dynamic energy
environment. Awards will be given in 13 categories, including CEO of the
Year and Energy Company of the Year. Enter the best-of-class competition by
September 1 at http://www.fte-awards.com.
************
News Brief:
+TXU Europe puts gas assets up for sale
FT Energy's Gas Daily Europe reports that TXU Europe is putting its North
Sea gas assets up for sale. The utility confirmed today that is in
"preliminary talks" with a number of third parties, but stressed it was
"very early days". The move follows "a number of unsolicited expressions of
interests" in the business, including its operatorship. TXU said it is
reviewing this part of its business and will only decide whether to sell at
its conclusion. It has not set a deadline for the review.
A source inside the company was not surprised at the review: "The business
has changed a lot in the last year." TXU has already put up its UK
generation assets for sale, and this latest move to divest gas assets could
mark a shift in strategy to focus on trading and retailing. Some analysts
believe that assets no longer give "competitive advantage" to energy
companies, as the focus shifts towards the end-user and convergence of gas
and electricity.
TXU's principal production assets comprise the operating licence and 64.2%
of the 83bn ft? Johnston gas field, plus 14.75% of the 33bn ft? Ravenspurn
North field, 11.24% of the 5bn ft? Welland field and 4.83% of the 17bn ft?
Schooner field. It also has a number of upstream exploration licences and
interests in pipelines.
/////////////////
Market Brief Monday August 28
Stocks Close Change % Change
DJIA 11,252.84 60.2 0.5
DJ 15 Util. 361.12 5.2 1.5
NASDAQ 4,070.59 27.9 0.7
S&P 500 1,514.09 7.6 0.5
Market Vols Close Change % Change
AMEX (000) 48,238 6,085.0 12.6
NASDAQ (000) 1,373,111 86,691.0 6.3
NYSE (000) 728,653 51,884.0 7.1
Commodities Close Change % Change
Crude Oil (Oct) 32.87 0.84 2.56
Heating Oil (Sep) 0.9988 0.03 2.94
Nat. Gas (Henry) 4.685 0.06 1.22
Palo Verde (Sep) 162 (14.00) (8.64)
COB (Sep) 185 (7.50) (4.05)
PJM (Sep) 38 2.25 5.92
Dollar US $ Close Change % Change
Australia $ 1.750 0.01 0.61
Canada $ 1.483 (0.00) (0.13)
Germany Dmark 2.172 0.01 0.23
Euro 0.8993 (0.00) (0.26)
Japan _en 106.44 (0.59) (0.56)
Mexico NP 9.22 (0.01) (0.10)
UK Pound 0.6802 0.00 0.04
Foreign Indices Close Change % Change
Arg MerVal 475.31 0.07 0.01
Austr All Ord. 3,322.70 (3.60) (0.11)
Braz Bovespa 17,460.33 (182.34) (1.04)
Can TSE 300 11,224.45 (21.59) (0.19)
Germany DAX 7,339.22 32.05 0.44
HK HangSeng 17,019.76 (216.98) (1.27)
Japan Nikkei 225 17,181.12 269.79 1.57
Mexico IPC 6,226.37 45.22 0.73
UK FTSE 100 6,563.71 0.00 0.00
Source: Yahoo! and NYMEX | dwagman@ftenergy.com | energyinsight@spector.ftenergy.com |
badeer-r/notes_inbox/24. | subject: CAISO Notice - Ten Minute Settlements Implementation September 1
content: Market Participants
SC Settlements Contacts
After the 10 Minute Settlement Market Simulation conference
call on Friday August 25, Market Participants' concerns of readiness were
brought before the ISO Officers. The Officers discussed these concerns as
well as the two previous delays (June and August) in implementing Ten Minute
Settlements. Weighing all of these issues, the ISO believes that there is a
compelling need to put a pricing structure in place to realize a substantial
saving in real time energy costs.
Therefore, the ISO has decided to continue with the Ten
Minute Settlement implementation date of September 1, 2000.
Nancy Traweek
Director, Market Operations
Byron Woertz
Director, Client Relations | bwoertz@caiso.com | 20participants@caiso.com, scsettlecontacts@caiso.com |
badeer-r/notes_inbox/25. | subject: CAISO NOTIFICATION - "ISO Polled" 10-Min Meter Data Implementatio n
content: Greetings;
The attached document outlines the changes in meter data polling being
implemented effective 8/31/00 for ISO polled meters. The data will change
to 10 minute intervals in support of the 10-minute settlement process.
Please review the attached document with particular attention to the changes
on August 31, 2000.
At this time, there will be no change to SC submitted SQMD.
The ISO has posted this document on the web page:
http://www.caiso.com/clientserv/metering/
Metering - 10-Minute Settlements
<<STAR 10 minute meter data with DST explanation.xls>>
Client Relations Communication
CRCommunications@caiso.com
- STAR 10 minute meter data with DST explanation.xls | crcommunications@caiso.com | 20participants@caiso.com, scsettlecontacts@caiso.com |
badeer-r/notes_inbox/26. | subject: SDG&E Emergency Motion for Bilateral Authority-Draft Decision
content: Attached is a Draft Decision approving SDG&E's Emergency Motion for authori=
ty=20
to enter into bilateral contracts.
The decision directs to enter into bilateral agreements that will expire by=
=20
12/02. It provides similar reasonableness guidance as provided to SCE=20
(bilateral contracts must be within 5% of actual annual procurement costs).=
=20
The draft decision rejects SDG&E's request to allocate those contracts to=
=20
residential and small commercial customers. It rejects SDG&E's request for=
=20
an exemption from the affiliate rules, which would have allowed SDG&E to=20
enter into bilateral agreements with its trading affiliate without posting=
=20
those transactions or providing an opportunity for a bid process.
Because this decision adopts the same principles in the SCE and PG&E=20
Decisions, I give a low probability to changing the decision language. =20
However, if folks would still like us to weigh in on an issue, please let m=
e=20
know asap. Thanks.
Mona
---------------------- Forwarded by Mona L Petrochko/SFO/EES on 08/28/2000=
=20
03:18 PM ---------------------------
"Daniel Douglass" <douglass@ArterHadden.com> on 08/25/2000 05:26:31 PM
To: <JBarthrop@electric.com>, <mnelson@electric.com>,=20
<rschlanert@electric.com>, <Bruno_Gaillard@enron.com>, <kmagrude@enron.com>=
,=20
<mpetroch@enron.com>, <susan_j_mara@enron.com>, <athomas@newenergy.com>,=20
<Jeff.Hanson@phaser.com>, <anchau@shellus.com>, <andrew.madden@utility.com>=
,=20
<ben.reyes@utility.com>, <chris.king@utility.com>, <david.bayless@utility.c=
om>
cc: =20
Subject: Draft Decision Issued in SDG&E Emergency Motion
ALJ Cooke has issued the attached draft decision with regard to the August =
=20
9, 2000, emergency motion filed by SDG&E to enter into bilateral power =20
contracts.? SDG&E sought similar authority to that granted to Edison and=
=20
PG&E in D.00-08-023.? The draft decision would grant the motion, but would=
=20
impose certain conditions different from those requested by the utility.?=
=20
The differences are summarized below:
?
Background
Under the terms of the Commission=01,s D.00-08-021, SDG&E is currently=20
authorized to participate in the PX forward markets for energy services,=
=20
subject to seasonal trading limits, through the end of the last utility ra=
te=20
freeze.? SDG&E is not proposing an increase to the limits approved in=20
D.00-08-021 and will treat its capacity purchases under those limits,=20
although it reserves the right to request expanded authority in the future=
.?=20
The draft decision also notes that SDG&E proposes that costs associated=20
with, and gains/losses from these bilateral contracts should be attributed=
=20
only to small commercial and residential customers.? It also notes that=20
intervenors focused on four general areas of concern regarding the specifi=
c=20
authority requested by SDG&E: duration of contracts, reasonableness=20
standards, request for exemption from affiliate rules, and ratemaking.
?
Duration of Contracts
SDG&E requested authority to enter into bilateral contracts that expire on=
=20
or before December 31, 2005.? The ALJ notes that the Commission recently=
=20
instituted an investigation into the impact of the functioning of the=20
wholesale electric market on retail rates in SDG&E=01,s service territory =
and=20
that the OII will consider whether SDG&E should be removed from that defau=
lt=20
provider role.? The ALJ states that, "the Commission should not compromise=
=20
future long-term solutions by affording SDG&E greater purchasing authority =
=20
than is needed to address the current emergency situation.? For this reaso=
n,=20
we limit SDG&E=01,s authority to what we described in D.00-08-023 as near-=
term=20
bilateral contracting authority, that is, contracts with delivery occurrin=
g=20
on or before December 31, 2002."
?
Reasonableness Standards
The draft decision suggests that the OII provides a forum to establish a=
=20
common framework for all three utilities for determining the reasonablenes=
s=20
of their bilateral purchases.? However, in the interim, it adopts the same=
=20
reasonableness standard for near-term contracts as it did for SCE.? "If th=
e=20
average price of SDG&E=01,s bilateral transactions, delivered or requiring=
=20
delivery, over the course of an annual period exceeds the average price of =
=20
SDG&E=01,s corresponding portfolio of transactions, delivered or requiring=
=20
deliver over the same period, by more than 5%, then the Commission will=20
initiate a reasonableness review.? Reasonableness reviews, to the extent=
=20
needed, will take place as part of SDG&E=01,s Annual Transition Cost=20
Proceeding."
?
Affiliate Rules Exemption
SDG&E's request to be exempted from the affiliate rules for any purchases=
=20
from affiliates was denied.
?
Ratemaking
TURN urged the Commission to reject SDG&E=01,s request to limit the ratema=
king =20
impacts of the bilateral contracts to its residential and small commercial =
=20
customers, saying that, "the potential risks and benefits should be spread =
=20
among all customers."? The draft decision states that, "we do not believe =
it=20
prudent to limit the cost exposure for these contracts solely to residenti=
al=20
and small commercial customers.? This aspect of SDG&E=01,s motion is denie=
d."
?
Transparency Considerations
The ALJ orders SDG&E to disclose all bilateral transactions to the Energy=
=20
Division on a confidential basis in a monthly report.? The draft decision=
=20
notes that, "WPTF and ARM argue that additional transparency of bilateral=
=20
transactions is required, compared to that proposed by SDG&E.? We adopt=20
consistent disclosure standards for SDG&E bilateral contracts as that=20
adopted in D.00-08-023 for PG&E and SCE.? This issue may be revisited on a=
=20
going forward basis in I.00-08-002."
?
Response Time
The normal response time has been shortened.? Parties to the proceeding ma=
y=20
file comments on the draft decision no later than noon on September 5,=20
2000.? I suggest that comments be filed agreeing with the thrust of the=20
decision, but strongly advocating that SDG&E be required to publicly post=
=20
its transactions, as it agreed to do in Advice Letter 1234-E, with regard =
to=20
SDG&E's participation in the Block Forward Market.? In addition, we should=
=20
consider whether to refight the issue of limiting the ratemaking impacts o=
f=20
the bilateral contracts to SDG&E's residential and small commercial=20
customers.
?
Comments or suggestions???
?
Dan
- ALJ Cooke Draft Decision.doc | mona.petrochko@enron.com | douglas.condon@enron.com, james.wood@enron.com, edward.hamb@enron.com, |
badeer-r/notes_inbox/27. | subject: Total Transfer Capabilities
content: Attached are the Total Transfer Capabilities (TTC's) for: August 30, 200.
<<TTC's 8-30-00.PDF>>
The attached Outage Information is reliable at time of posting. The
attached Outage Information is subject to change without notice.
Francine Winston
California ISO
Administrative Assistant/Scheduling
(916) 351-4457
- TTC's 8-30-00.PDF | fwinston@caiso.com | marketstatus@caiso.com, pxrt@calpx.com |
badeer-r/notes_inbox/28. | subject: Out of Office
content: I will be traveling to Calgary on Tuesday and Wednesday. You can reach me on
my cell phone -- 503-701-5181. I will be back in town Wednesday night and
will be in the office Thursday morning. | tim.belden@enron.com | chris.foster@enron.com, murray.o'neil@enron.com, john.forney@enron.com, |
badeer-r/notes_inbox/29. | subject: CAISO Notification - PMI 10-min Expost data re-published for 7/1
content: Greetings;
The PMI 10-minute Expost price information for 7/19/00 hours 4-24 has been
republished. The information can also be found at the following URL:
http://www.caiso.com/docs/2000/08/28/2000082808281323598.csv
If you have any questions, please contact Ginger Y. Seitles Phone: (916)
351-4420.
Client Relations Communication
CRCommunications@caiso.com | crcommunications@caiso.com | 20participants@caiso.com, scsettlecontacts@caiso.com |
badeer-r/notes_inbox/3. | subject: CASIO NOTIFICATION - TSWG CONFERENCE CALL 8/30/00
content: REMINDER FOR THE TSWG CONFERENCE CALL , WEDNESDAY @3:30PDT
Call In Number (877) 670-4111 Passcode 246870.
Jim Blatchford
Client Relations
Cal ISO
916.608.7051 | jblatchford@caiso.com | tswg@caiso.com |
badeer-r/notes_inbox/30. | subject: Distributed Generation Meeting, August 31, 2000
content: <<...>>
Reminder
The California ISO Distributed Generation Meeting is scheduled to take place
Thursday, August 31, 2000. The meeting is at the ISO Folsom Office,
conference room 101A a & b from 10:30 a.m. to 5:00 p.m. If you cannot attend
the meeting there will be a listen only conference call at 877-381-6004, ID
# 96489, Leader: Don Fuller.
The Distributed Generation White Paper by Jeanne Sole sent to Market
Participants on August 18, 2000, will be the basis of discussion for the
entire meeting. You can reference the White Paper at the California ISO web
page http://www.caiso.com/. Click on the Stakeholder Button to go to
Stakeholder Processes. The White Paper is at Market Participant
Communications posted on August 18.
Thanks to those of you who have sent in your RSVP. For those of you who have
not sent in your RSVP, a reminder may be appropriate. RSVP stands for
Reserve Seat & Verify Provisions, so if you have not sent in your RSVP, you
will either not be present or you will be standing and hungry. Please send
your RSVP by Tuesday, August 29, to Sue Happ AT 916-608-7059 or e-mail at
shapp@caiso.com.
Please contact Sue if you need any additional information.
Don Fuller
Director, Client Relations
California ISO | shapp@caiso.com | 20participants@caiso.com |
badeer-r/notes_inbox/31. | subject: Virus Alert
content: If you receive an email and the subect line is FW: Jokes please delete. This
is a virus. If you have any questions or concerns please feel free to
contact any one of us in the IT department.
Thanks,
Diana | diana.willigerod@enron.com | portland.desk@enron.com |
badeer-r/notes_inbox/32. | subject: COMPUTER VIRUS
content: The California ISO has identified a virus in our computer system. Please do
NOT open the email named LIFE STAGES TEXT, FUNNY TEXT, or JOKES from any
California ISO source. This is a Virus, do not open the message! This
message may have been forwarded to all ISO Market Participants. Deleting the
message without opening will prevent the virus from access to your system.
Don Fuller
Director, Client Relations
California ISO
916-608-7055
dfuller@caiso.com | shapp@caiso.com | 20participants@caiso.com |
badeer-r/notes_inbox/33. | subject: APB Energy, Inc. Beach Party!
content: Dear, bob
Click the link for your invitation to the APB Beach Party.
http://www.apbenergy.com/beachparty.htm
See you there! | tim@apbenergy.com | robert.badeer@enron.com |
badeer-r/notes_inbox/34. | subject: Fw: Jokes
content: > The male and female stages of life. Bye. | ddavids@caiso.com | undisclosed-recipients:, |
badeer-r/notes_inbox/36. | subject: Tom Krueger
content: I regret to announce that Tom Krueger is resigning from Enron North America
to pursue real estate development. Tom has over 18 years with Enron and
Portland General and we sincerely appreciate his contributions to our
company. Tom's last day will be September 8 so stay tuned for details on his
farewell party! Please join me in thanking Tom and wishing him the best of
luck.
Chris | mollie.gustafson@enron.com | portland.desk@enron.com |
badeer-r/notes_inbox/37. | subject: Out of Office Procedure
content: We have had some confusion recently with respect to coverage when someone is
out of the office. From here forward, please provide the following
information to me via e-mail for days when you are out of the office:
Curve coverage - who is responsible for ensuring that your curves are updated
and downloaded in an accurate and timely manner.
EOL coverage - which products need to be maintained and who will make the
markets in your absence.
This new procedure is effective immediately! | tim.belden@enron.com | mike.swerzbin@enron.com, robert.badeer@enron.com, sean.crandall@enron.com, |
badeer-r/notes_inbox/38. | subject: Welcome to Lisa Mattingly
content: Please welcome Lisa Mattingly to West Power Trading. She joined us on August
21 as a Clerk, and she is anxious to learn about our organization and provide
outstanding support.
Her background is in retail management, but she is embarking on an office
career with us. Don't hesitate to introduce yourself and make her feel
welcome. | debra.davidson@enron.com | portland.desk@enron.com |
badeer-r/notes_inbox/39. | subject: EES Organizational Announcement
content: Enron Energy Services has created explosive growth in the retail energy=20
business. To advance EES=01, leadership position and to rapidly expand the=
=20
reach of its energy management services, the company is forming four new=20
business groups and promoting several key individuals.
EES continues to see an ever-increasing demand for energy management servic=
es=20
in North America, with interest coming from a growing number of customer=20
classes. EES North America, headed by Marty Sunde, President and CEO, has=
=20
been established to bring outsourcing, commodity and mid-market solutions t=
o=20
industrial and commercial customers in North America. Harold Buchanan and=
=20
Jeremy Blachman have been named co-Chief Operating Officers of the group.
EES Europe is responsible for energy outsourcing across Europe, as well as=
=20
rapidly growing mid-market business (Enron Direct, Enron Directo) and heavy=
=20
industrial business (ETOL). Matthew Scrimshaw, President and CEO will lead=
=20
this group.
As EES and Enron=01,s customer base grows, world class execution capabiliti=
es=20
and customer relationship management skills are required to maximize value.=
=20
Global Energy Services, headed by Dan Leff, President and CEO, is being=20
established to manage execution, delivery, operations & maintenance, accoun=
t=20
/ customer management and contract value enhancement of Enron=01,s asset an=
d=20
energy outsourcing activities worldwide. This group will include Enron=20
Facility Services (EFS), led by Joe Earle, President & CEO and Operational=
=20
Energy Corporation (OEC), led by Mark Dobler, Vice President.
EES continues to see additional opportunities for business that will benefi=
t=20
from the growth of its energy outsourcing business. To manage and develop=
=20
these new business opportunities, EES New Business Ventures has been=20
created. Mark Muller, President and CEO will lead this group.
All four new business leaders will report directly to EES=01, Office of the=
=20
Chairman, Lou Pai, who will continue as Chairman, and Tom White, who will=
=20
continue as Vice Chairman. In addition, Kevin Hughes, Vice President and=
=20
Chief Accounting Officer, Vicki Sharp, Managing Director and General Counse=
l,=20
and Beth Tilney, Managing Director of Marketing, HR and Customer Satisfacti=
on=20
will continue to report to the Office of the Chairman.
Please join us in congratulating these individuals. | office.chairman@enron.com | all.worldwide@enron.com |
badeer-r/notes_inbox/4. | subject: eSpeak's Disappearing Act
content: As you may have noticed, there was a network error during today's eSpeak with
Dr. Ben Gilad. Although the questions and answers were not visible during
the second half of the eSpeak session, Dr. Gilad did answer all the questions
he received. As always, the transcript of the discussion will be available
in the eSpeak archives.
If the technical issue prevented you from asking a question during today's
session, please email your question to Amy Oberg at Enron Energy Services.
Dr. Gilad has generously offered to respond to questions that could not be
submitted during the live event. | enron.announcements@enron.com | all.worldwide@enron.com |
badeer-r/notes_inbox/40. | subject: Montana Power Divests Oil & Gas/Making a Case for CAES
content: In Energy Insight for Monday, August 28
In Energy Insight Today (Blue Banner, all subscribers)
Some power development companies think the answer to electric price
volatility is blowin' in the wind, literally, moving to develop compessed
air energy storage facilities in a number of locations. Local utilities seem
encouraged by the idea as well. Read details at http://www.einsight.com.
In Energy Insight 2000 (Red Banner, premium-pay access only)
Montana Power's Touch America unit is expanding into wireless even as it
installs fiber optics across the country. The analysis is timely given
Montana Power's asset sale and Deutsche Telecom's further U.S. expansion,
both announced Monday.
*************
Wanted: 2000 FT Energy Global Award Nominations
Time is running out to nominate your company or CEO for the 2000 FT Energy
Global Awards! Now's the time to recognize those companies and individuals
who are truly defining excellence amid the challenges of a dynamic energy
environment. Awards will be given in 13 categories, including CEO of the
Year and Energy Company of the Year. Enter the best-of-class competition by
September 1 at http://www.fte-awards.com.
*************
News Briefs:
+Montana Power Sells Oil and Gas Business Unit
The Montana Power Co. has sold for $475million (US) its nonregulated oil and
gas business unit to PanCanadian Petroleum Limited of Calgary. The sale
includes subsidiaries that have interests in crude oil, natural gas and gas
liquids exploration, production and marketing in the U.S. and Canada.
Proceeds from the sale would be invested in growing Touch America, MPC's
national fiber-optic and wireless broadband telecommunications subsidiary.
The U.S. businesses have operations in northern Montana and in the D-J
(Denver-Julesburg) Basin north of Denver as well as minor properties in the
Anadarko Basin, Oklahoma, and Green River Basin, Wyoming. Fractionation
plants are at Cut Bank, MT, and Ft. Lupton, CO. The Canadian properties
reside mostly in southern and central Alberta and in southern Saskatchewan.
***********
+Deutsche Telekom to Buy Powertel for $5.89bn
The Financial Times said that Deutsche Telekom is expanding in the U.S.
mobile phone market by acquiring Powertel, a local mobile operator in the
Southeast, for about $5.89 billion in shares. The deal comes just weeks
after DT moved into the U.S. mobile market through the $50 billion
acquisition of VoiceStream.
As that deal has not yet been completed, the latest transaction is
structured as an all-share acquisition of Powertel by Voicestream. The two
U.S. companies have also agreed that the deal will go ahead even if DT's
takeover of VoiceStream is not completed.
Communications Holdings, Inc., a unit of SCANA Corp., owns approximately
14.6 million fully diluted
common shares, or about a 27% equity interest, in Powertel, representing an
investment of $249 million.
//////////////
Market Brief Friday August 25
Stocks Close Change % Change
DJIA 11,192.63 9.9 0.1
DJ 15 Util. 355.95 (2.6) (0.7)
NASDAQ 4,042.68 (10.6) (0.3)
S&P 500 1,506.45 (1.9) (0.1)
Market Vols Close Change % Change
AMEX (000) 42,153 (8,220.0) (19.5)
NASDAQ (000) 1,286,420 (261,588.0) (20.3)
NYSE (000) 676,769 (148,377.0) (21.9)
Commodities Close Change % Change
Crude Oil (Oct) 32.03 0.40 1.25
Heating Oil (Sep) 0.9694 0.02 1.66
Nat. Gas (Henry) 4.628 0.09 1.90
Palo Verde (Sep) 176 (1.00) (0.57)
COB (Sep) 192.5 1.50 0.78
PJM (Sep) 35.75 2.75 7.69
Dollar US $ Close Change % Change
Australia $ 1.740 (0.00) (0.28)
Canada $ 1.485 (0.00) (0.15)
Germany Dmark 2.167 0.00 0.05
Euro 0.9016 (0.00) (0.01)
Japan _en 107.03 0.21 0.19
Mexico NP 9.229 0.02 0.26
UK Pound 0.6799 0.00 0.74
Foreign Indices Close Change % Change
Arg MerVal 475.24 4.73 1.00
Austr All Ord. 3,326.30 (4.10) (0.12)
Braz Bovespa 17,642.67 331.71 1.88
Can TSE 300 11,246.04 67.06 0.60
Germany DAX 7,307.17 76.91 1.05
HK HangSeng 17,236.74 (202.96) (1.18)
Japan Nikkei 225 16,911.33 240.51 1.42
Mexico IPC 6,181.15 (112.40) (1.82)
UK FTSE 100 6,563.71 6.67 0.10
Source: Yahoo! and NYMEX | dwagman@ftenergy.com | energyinsight@spector.ftenergy.com |
badeer-r/notes_inbox/41. | subject: ISO To Participate in Super Peak Market
content: Check this out. I think that we need to be signed up for this.
---------------------- Forwarded by Tim Belden/HOU/ECT on 08/28/2000 06:14 AM
---------------------------
Enron Capital & Trade Resources Corp.
From: Gary Ackerman <foothi19@idt.net> 08/26/2000
02:21 PM
Please respond to foothi19@idt.net
To: Bill Ross <billr@calpine.com>, Bob Anderson <Robert_Anderson@apses.com>,
Carolyn Baker <cabaker@duke-energy.com>, Corby Gardin
<jcgardin@newwestenergy.com>, Curtis Kebler
<Curtis_L_Kebler@reliantenergy.com>, Denice Cazalet <dcazalet@apx.com>, Gene
Waas <glwaas@calpx.com>, Greg Blue <gtbl@dynegy.com>, Jack Pigott
<jackp@calpine.com>, Ken Czarnecki <Ken_J_Czarnecki@calpx.com>, Kent
Wheatland <KEWH@dynegy.com>, "Klemstine, Barbara A(F56661)"
<barbara_klemstine@apses.com>, Randy Hickok <rjhickok@duke-energy.com>, Rob
Lamkin <rllamkin@seiworldwide.com>, Rob Nichol <rsnichol@newwestenergy.com>,
robert berry <berry@apx.com>, Roger Pelote <rpelote@energy.twc.com>, Sue Mara
<smara@enron.com>, curt hatton <curt.Hatton@gen.pge.com>, Jeff Dasovich
<jdasovic@enron.com>, Dan Douglass <douglass@arterhadden.com>, Al Parsons
<alp@ncpa.com>, Bob Reilley <rreilley@coral-energy.com>, Brian Jobson
<bjobson@smud.org>, Dave Nuttall <dn@ui.com>, Edmond Chang <echang@wapa.gov>,
Ken Lackey <Kenneth_Lackey@EdisonMission.com>, Linda Hamilton
<lhamilton@avistaenergy.com>, Mark Tallman <mark.tallman@pacificorp.com>,
"Richard H. Counihan" <counihan@greenmountain.com>, Sheryl Lambertson
<sslambertson@pplmt.com>, Steve Fisher <stephen_fisher@transalta.com>, Steve
Ponder <steve_ponder@fpl.com>, Tom Breckon <tom@ncpa.com>, "Wolfe, Don -
PGSO-5" <dvwolfe@bpa.gov>, Chuck Goligoski <cgoligoski@avistaenergy.com>,
Elaine Walsh <Elaine@citizenspower.com>, Duane Nelsen <dnelsen@gwfpower.com>,
Reggie Howard <rhoward@reliantenergy.com>, Tim Belden/HOU/ECT@ECT, Dave
Francis <DFRA@dynegy.com>
cc:
Subject: ISO To Participate in Super Peak Market
Folks,
Late Friday afternoon Ziad called me. The ISO Governing Board earlier
the same day turned down the ISO management's request to force SCs to
place 95% of their scheduled load in the DA market. That leaves the ISO
little choice but to venture into the energy markets to procure power to
cover their peak hours on hot days.
Terry gave Ziad the OK to proceed with placing both the APX and
California PX screens for this new product/matching-service. I am
working with the two vendors and the ISO to make this happen quickly.
We anticipate that the market will open on Tuesday, September 5, or
earlier.
Key people who you may need to contact:
ISO - Ziad Alaywan 916-351-2140 (Nancy Traweek and Jim McIntosh are
also in the loop)
PX - Ken Czarnecki 626-537-3123
PX - John Yurkanin 626-537-3124
APX - Denice Cazalet 408-517-2123
APX - Michael Heinrich 408-517-2159
Please feel free to contact me with your questions. Several of you have
not had the opportunity to attend the pre-design meetings we had at the
California PX and APX a few weeks ago, nor were you aware of the joint
WPTF/ISO meeting held last week. But in essence, what this
product/matching-service will allow you to do is post bids to sell, or
buy a 6-hour block of capacity at a firm energy price across the hours
of HE13 to HE18. You can bid at COB, Mead, PV, SP15 or NP15. You can
utilize either the CalPX or APX to post your bids, because the ISO will
be watching both screens. The block sizes are (supposed to be) 25MW.
The seller is responsible for arranging transmission to the delivery
point, and the buyer (e.g., ISO) is responsible for arranging
transmission service from the delivery point. The ISO will make its
purchase decisions for the day-of at or before 8:00 a.m. The ISO will
send out a general notice when it needs offers to sell on the super-peak
market. I expect that bids for either buy or sell will be able to be
posted at any time, 24 hours. The screens should allow parties to post
buy or sell bids at least 60 days forward of the trade day.
You are not limited to a price cap in these markets, but the ISO as a
buyer has the right to not purchase at prices above it's price cap.
I think WPTF members should be very proud that we were able to quickly
work together, and with the ISO to create this market. I have no doubt
the ISO will be offering bids to purchase starting Sept 5, and going
forward 60 days. However, who among you will be willing and able to
post bids to sell?
gba | tim.belden@enron.com | john.forney@enron.com, robert.badeer@enron.com, greg.wolfe@enron.com, |
badeer-r/notes_inbox/42. | subject: CANCEL Warning Notice
content: SYSTEM WARNING CANCELLATION [200000212]
Effective 08/26/2000 at 19:00 the California Independent System Operator
has terminated the "Warning" of the Electrical Emergency Plan.
The "Warning" has been in effect since Sat Aug 26 15:00:00 2000 PDT.
This message is from Market Operations at the California ISO.
This notice cancels notice 200000207
Notice issued at: 08/26/2000 19:10 | awe@caiso.com | undisclosed-recipients:, |
badeer-r/notes_inbox/43. | subject: Stage 1 CANCELLATION
content: CANCELLATION NOTICE [200000211]
Effective 08/26/2000 at 18:00 the California Independent System
Operator has terminated Stage 1 of the Electrical Emergency Plan.
Stage 1 has been in effect since Sat Aug 26 15:00:00 2000 PDT.
This message is from Market Operations
at the California ISO.
This notice cancels notice 200000208
Notice issued at: 08/26/2000 17:37 | awe@caiso.com | undisclosed-recipients:, |
badeer-r/notes_inbox/44. | subject: Stage 1 Emergency
content: STAGE 1 EMERGENCY NOTICE [200000208]
Effective 08/26/2000 at 16:00 the California Independent System Operator
has implemented Stage 1 of the Electrical Emergency Plan. The Plan has
been implemented for the following reasons:
Lack of resources
Stage 1 is expected to be in effect from HE 15
through HE 18.
Participating transmission owners are to notify the Utility Distribution
Companies within their operational areas.
Stage 1: Operating reserves are less than minimum. Advise the Utility
Distribution Company of potential power shortages and request
the UDC to advise end-use customers to reduce demand to minimum
requirements without disruption of employment or curtailment of
industrial production or commerce. Advise the UDC to prepare for
imminent implementation of the interruptible load programs and/or
electrical emergency plan.
This message is from Market Operations at the California ISO.
Notice issued at: 08/26/2000 15:18 | awe@caiso.com | undisclosed-recipients:, |
badeer-r/notes_inbox/45. | subject: Issue Warning Notice
content: SYSTEM WARNING NOTIFICATION [200000207]
For operating day 08/26/2000 the ISO is predicting deficiencies in Operating
Reserve
due to:
anticipated high loads and temperatures across the ISO
Control Area today
Effective 15:02, 08/26/2000: The ISO is issuing a "Warning" notice and
is requesting additional Supplemental Energy bids, up to 2000 MW,
for Hour Ending 16 through Hour Ending 19.
Those who have additional energy or capacity to provide are highly
encouraged to submit bids into the supplemental energy market.
This message is from Market Operations at the
California ISO.
Notice issued at: 08/26/2000 15:06 | awe@caiso.com | undisclosed-recipients:, |
badeer-r/notes_inbox/46. | subject: Re:
content: Big Bob,
Writing to say hello. I returned to the states three
weeks ago and have been working at Camp Horno with the
1/1 since that time. It has been about three weeks.
The job is actually pretty good. I run the sick call
for the unit and do someother admin type things. Other
than that my time is pretty much my own. No call over
nifgt every third night at the hospital or some
asshole doctor chewing your ass about taking care of
patients. I still feel kind of out of the loop with
the other Marine officers but something tells me that
probably will not change. Likely, they look at me like
the friendly and tolerable neighborhood nerd who is
there to take care of the troops and give people light
duty chits. At least they leave me alone and give me a
chance to work out. The hills around Camp P are brutal
and unforgiving. I hope to be in good enough condition
in two-three more weeks to start running up the bigger
ones in the morning.
That is about it. Wanted to say hello and defend
and deflect any artillery shells you and rat are
lobbing against me behind my back!!!!
Fran
--- Robert.Badeer@enron.com wrote:
>
> Fran,
> I was with 1st FSSG, 7th Eng. Bn. You can
> expect to be doged out since
> you're such a sorry, simple bastard. I'll call you
> when you get back to the
> states. My numbers are (w) 503-464-3926 (h) 503
> 233-6839. Take it easy.
>
>
> Bob
>
__________________________________________________
Do You Yahoo!?
Yahoo! Mail - Free email you can access from anywhere!
http://mail.yahoo.com/ | fxhall@yahoo.com | robert.badeer@enron.com |
badeer-r/notes_inbox/47. | subject: DEAL CORRECTION REPORT 8-25
content: Extremely high number of errors for Friday, please take a little extra time
to be sure to write down your deals correctly.
Thank you! | carla.hoffman@enron.com | tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com, |
badeer-r/notes_inbox/48. | subject: eThink About It: August 28, 2000
content: Don't miss our special eSpeak on Tuesday, August 29 at 10:00 a.m. Houston
time. Dr. Ben Gilad has been hailed by Business Week and Fortune as one of
the greatest minds in the field of Competitive Intelligence. Please join him
for a discussion about Competitive Intelligence and what it means to Enron.
If you can't make the live event, be sure to pre-submit your questions on the
eSpeak site.
Join the competitive intelligence fervor: On Tuesday 8/29, check out the new
look and feel of the Edge and catch Dr. Ben Gilad, CI guru, on eSpeak.
The Edge - Click it today.
Creativity and Innovation are back in full force. Go to eMeet to participate
in the recently re-launched Creativity and Innovation dialogue. | enron.announcements@enron.com | all.worldwide@enron.com |
badeer-r/notes_inbox/49. | subject: Enron In Action 8.28.00
content: The United Way Day of Caring is September 15! Sign up now to "Make the
World a Better Place."
For more information, click here http://home.enron.com/cr.
Chairman's Award Nominate Your Hero Today! If you know someone who deserves
to be honored for their practices of Respect, Integrity, Communication and
Excellence, click here http://home.enron.com/. Nominations are open now
through October 1.
Brown Bag Lunch Bring your lunch and join us on Wednesday, September 6 in
EB49C1 at 11:30 a.m. to hear about the Houston Ballet's
With the Houston 2000-2001 season. Learn about World Premieres, as well as
the classic, full-evening story ballets featured in the
Ballet upcoming season, which is sure to be exciting! Please RSVP now to
Jessica.Nunez@enron.com.
Radio Music A Free Night of Comedy! Enron employees have been invited to
enjoy a free performance on any Thursday
Theatre at 8:30 p.m. or Saturday at 10:30 p.m. during the month of September
. Seating is limited and reservations are required.
When you call, give your name, the number of people in your party and the
date you wish to attend. Just mention that
you are with Enron and your entire party is admitted free! For
reservations, call 713-522-7722.
Help Knock Out The Juvenile Diabetes Foundation is seeking walkers, team
leaders and volunteers to participate in their annual
Diabetes! "Walk For the Cure," held on November 5. On September 6, there
will be a city-wide kick-off luncheon at the Downtown
Hyatt from 11:30 a.m. - 1:00 p.m. Please RSVP before Wednesday, August 30
to Cathy Phillips at 713-853-6898.
For more information, contact Rachel Feldt at 713-345-7629.
UH Cougar The UH Cougar Classic 5K Fun Run & Kids 1K, benefiting the
University of Houston Track program and the Houston
Classic 5K Track Club, is scheduled for September 9. If you are interested
in participating or volunteering, please contact
Cindy Richardson at 713-853-4770. For more information, run to
http://home.enron.com:84/erc/index.html.
2000 American The American Heart Walk is a national event to increase
awareness of walking as a heart-healthy exercise and
Heart Walk to raise funds to continue the American Heart Association's fight
against heart disease and stroke. The event
will be held on October 14 at Sam Houston Park. If you would like to
participate, please sign up now by calling
Diana Barrero at 713-610-5093.
The Volunteer Incentive Program (VIP) rewards qualified non-profit
organizations with grants up to $500 per employee, based on volunteer
service.
This year, Enron employees have logged 19,383 volunteer hours, with 227
organizations, for a total of $13,200 in VIP donations! To learn more,
click here http://home.enron.com. | enron.announcements@enron.com | all.houston@enron.com |
badeer-r/notes_inbox/5. | subject: EnronOnline Training Dates Change
content: Please note that the EnronOnline Phase 2 training sessions scheduled for
Wednesday and Thursday of this week have been rescheduled to ensure that the
training sessions include both the new website and the new Stack Manager
functionality for Price Limit Orders.
The rescheduled dates are as follows:
Houston
Session 1 - Tuesday, Sept. 5 3:00 EB568.
Session 2 - Thursday, Sept. 7 4:00 EB568
All Other Offices
Please contact Tammie Schoppe at 713 853 4220 to book a session. Note that
sessions for European traders will be announced separately.
If you have any questions about the above, please contact Dave Samuels at 713
853 6931 or myself at 713 853 1861. | david.forster@enron.com | andrew.conner@enron.com, allan.ford@enron.com, adam.gross@enron.com, |
badeer-r/notes_inbox/50. | subject: Total Transfer Capabilities
content: Attached are the Total Transfer Capabilities (TTC's) for August 27th, 28th,
and 29th.
<<TTC 8-27-00.PDF>> <<TTC 8-28-00.PDF>> <<TTC 8-29-00.PDF>>
The attached Outage information is reliable at time of posting. The
attached Outage information is subject to change without notice.
Myrna Neeley
Administrative Assistant
Outage Coordination & Transmission Maintenance
California Independent System Operator
Voice: 916-351-2171
Fax: 916-351-2367
E-mail mneeley@caiso.com
- TTC 8-27-00.PDF
- TTC 8-28-00.PDF
- TTC 8-29-00.PDF | mneeley@caiso.com | marketstatus@caiso.com, pxrt@calpx.com |
badeer-r/notes_inbox/51. | subject: CASIO NOTICE: Market Message
content: Market Participants:
> On Friday August 25th, and Monday August 28th, the California ISO will be
> performing communication upgrades which will affect telephone
> communications with both the Alhambra and Folsom Control Rooms. During
> this work, all inbound and outbound service to the ISO's primary telephone
> system will be out of service. All inbound and outbound communications
> during the periods specified below must be made through the ISO's
> secondary telephone system. The schedule for this work is as follows:
>
> On Friday August 25th between 18:00 and 24:00 the Alhambra primary
> telephone system will be out of service.
>
> Monday August 28th starting at 18:30 and continuing through August 29th at
> 02:30 the Folsom primary telephone system will be out of service.
>
> During these periods, you must use phone numbers applicable to the ISO's
> secondary telephone system to reach the ISO Control Rooms and ISO staff
> will use your secondary system telephone numbers to reach you.
>
> During the scheduled primary phone outage the ISO can be reached at the
> following back up phone numbers:
>
> ALHAMBRA
> Generation Desk (Console 5) - (626) 299-4428 through 4431 (Lines 1-4).
> Transmission Spare Desk (Console 1) - (626) 299-4424 through 4427 (Lines
> 1-4).
> Transmission Center Desk (Console 2 ) - (626) 299-4404 through 4407 (Lines
> 1-4).
> Transmission Desk (Console 3) - (626) 299-4412 through 4415 (Lines 1-4).
> Scheduler 1 Desk (Console 4) - (626) 299-4464 through 4467 (Lines 1-4).
> Scheduler 2 Desk (Console 6) - (626) 299-4460 through 4463 (Lines 1-4).
> Shift Manager Desk (Console 7) - (626) 299-4416 through 4419 (Lines 1-4).
> B.E.E.P. Desk (Console 8) - (626) 299-4474 through 4477 (Lines 1-4).
>
> FOLSOM
> Shift Manager - (916) 351-5512 through 5514
> Security Coordinator - (916) 351-5542, 5543
> Generation Desk 1 - (916) 351-5520 through 5523
> Generation Desk 2 - (916) 351-5536 through 5539
>
> Beep Desk - (916) 351-5508 through 5511
> Transmission Desk 1 - (916) 351-5546, 5547
> Transmission Desk 2 - (916) 351-5550, 5551
> Scheduler COI - (916) 351-5534, 5535
> Scheduler DC - (916) 351-5530, 5531
> Hour Ahead - (916) 351-5517 through 5519
>
> Byron Woertz
> Director, Client Relations
> | cgrant@caiso.com | marketstatus@caiso.com |
badeer-r/notes_inbox/52. | subject: Stage 1 Emergency
content: STAGE 1 EMERGENCY NOTICE [200000206]
Effective 08/25/2000 at 14:01 the California Independent System Operator
has implemented Stage 1 of the Electrical Emergency Plan. The Plan has
been implemented for the following reasons:
reserve deficiency
Stage 1 is expected to be in effect from HE 15
through HE 19.
Participating transmission owners are to notify the Utility Distribution
Companies within their operational areas.
Stage 1: Operating reserves are less than minimum. Advise the Utility
Distribution Company of potential power shortages and request
the UDC to advise end-use customers to reduce demand to minimum
requirements without disruption of employment or curtailment of
industrial production or commerce. Advise the UDC to prepare for
imminent implementation of the interruptible load programs and/or
electrical emergency plan.
This message is from Market Operations at the California ISO.
Notice issued at: 08/25/2000 14:05 | awe@caiso.com | undisclosed-recipients:, |
badeer-r/notes_inbox/53. | subject: Ameren Services Company
content: Please note the following changes:
Ameren Services Company (ASC)
Assigned its sales agreement to:
Ameren Energy, Inc. as agent (ASC)
(for and on behalf of Union Electric Company d/b/a Ameren UE, Ameren Energy
Marketing Company, and Ameren Energy Generating Company)
Transmission remains with Ameren Services Company | rhonda.denton@enron.com | tim.belden@enron.com, dana.davis@enron.com, genia.fitzgerald@enron.com, |
badeer-r/notes_inbox/54. | subject: ACTION REQUIRED: Your Attendance at EnronOnline
content: Please plan to attend the following mandatory training/presentation about
EnronOnline Phase ll.
Date: Tuesday, August 29
Time: 2 p.m.
Place: Mt. Hood Conference Room
Please let Debra know by Monday if you are unable to attend this training
session. Let me or Debra know if you have any questions. | debra.davidson@enron.com | mike.swerzbin@enron.com, robert.badeer@enron.com, sean.crandall@enron.com, |
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