postbot/aeslc_kw huggingface dataset:
Subject: CA legislature in doubt

Karen: See highlited section of story below.
PG&E's got it right.
Recall that DWR  was only buying power that it determined was "priced reasonably."
Consequently, the net short wasn't getting picked up.
That meant that the  ISO would have to go to the real-time market to close the gap.
The ISO would  then charge the utilities for the power purchased.
Recall that Bob Glynn  referenced the $300 MM/month that continued to pile up on PG&E's balance  sheet as one of the several reasons that PG&E put itself into bankruptcy.
Now that PG&E's in bankruptcy, the state is now responsible for the full net  short, and can't continue to sluff it off onto PG&E's balance sheet.
So it's  therefore no surprise that the State's daily bill for power purchases has  increased dramatically---just not for any of the bogus reasons cited by
Subject: Class Registration

Greetings TJ: Well I'm in a pickle.
The memo you sent said we had from 11:30 AM to 10:00PM  on 4.19, and from 7 AM to 9 AM on 4.20.
But the documentation I received  from Telebears said from 1 PM on 4.19 to 1 PM on 4.20.
All that aside, I  have obviously missed the times, it's my fault, and I apologize.
I spoke with Diane this morning and she suggested that I throw myself at the  mercy of the court by writing you an email with my picks.
Here they are:
Subject: Hectic?

Hey there stranger: By the looks of your attire (very nice), and the pace of you walk the other  night, looks like you're back in the working groove.
Hope work is fun and  your classes are good.
I'm trying to get used to the "no life" thing again.
And you slacked on the happy hour.
Best,
Subject: The Bums

I nabbed the Co's 4 tickets (not great, but free) for the game against the  Bums on Wed June 27th.
Starts at 4 PM.
Interested.
The Tuesday game's at  7:30, but thought it'd be nice to see an early game.
Let me know.
Best,
Subject: share price data

FYI:  Here's monthly share price date over last five years for:  OAT, KO,  PEP, S&P, BRKA, BRKB.
(I included Berkshire in the event we want to say  something about Buffet's recent performance.
I've attached another file with  a chart that shows Buffet versus S&P for 1, 3 and 5 year performance)    For the OAT, KO, PEP, etc.
file, calculated year-on-year performance  (excluding dividends).
Also, you'll see highlighted in yellow month-on-month  performance for 2001.
But ain't done any chart for that stuff yet.
Thought  we'd discuss first.
Best,
Subject: Teams

Christine:  My apologies.
My schedule melted down after we talked on Monday.
Here's  where folks came out.
There's some concern about size.
We're supposed to be  no larger than 3, but we lobbied Aceves and he apparently Ok'd our  "oversized" group.
The other folks in the group--who talked to him
Subject: El Paso Hearings at PUC Legislature

No smoking gun in natural-gas cost probe By Jim Sanders Bee Capitol Bureau (Published April 23, 2001)  It strikes at the heart of an energy crisis that has caused  multibillion-dollar losses and could plunge California's economy into a  tailspin: Did private companies manipulate markets to get rich off consumers'  pain?
An Assembly oversight committee spent hours last week grilling officials of  El Paso Natural Gas Co. and an affiliate, El Paso Merchant Energy, companies  that were accused by state regulators of anti-competitive practices that  helped send gas prices soaring.
Committee Chairman Darrell Steinberg, D-Sacramento, said the hearing  convinced him that El Paso exercised "market power" -- undue influence over
Subject: comments on CA solution

Here are my comments.
Great job.
I think that the rate design table is a  little impenetrable for folks who ain't close to it.
It might benefit from  an addition bullet of explanation.
Best,
Subject: Siting strategy

Gang:  I'm finalizing what we talked about yesterday and something struck me w.r.t.
siting reform.
One of our key messages in California and nationally is that price spikes are  due in no small part to outmoded, arcane siting rules and a shortage of power  as a result.
Price spikes have led to wholesale and retail price caps,  investigations, utility under-recovery, and threats of rolling back  de-regulation, to name a few.
Understanding that Dave raises some good points about why he's not thrilled  about getting involved in more siting reform bills, could someone argue that  from a corporate objective, getting a good siting reform bill passed this  session is a fairly high priority?
I'm not sure what the answer is, but it  struck me as I was pretty-ing up the document and I thought I'd put it out  there for reaction.
Best,
Subject: Checking in

Greetings folks: Just checking in to see how we're doing and if folks got the files that I  sent last night.
Should we try to meet at 5:30 to do a final run through?
I  think that we might be the very first presentation (yikes).
Best,
Subject: Important - Save Money/Energy

FYI.
As you recall, based on the meeting that I attended at SVMG with Karen  Denne and Jeff Skilling, they put me on their internal distribution list  (though I'm not sure that they realize it).
Here's the latest from Carl  Guardino, the groups Exec Dir, and Davis appointee to the ISO.
Best,
Subject: Mr. Lay's Meetings in California

Greetings Rosie:  As you confirm meetings with Mr. Lay next week, could you drop a line to  Maureen, Janel and me?
Thanks very much.
Best,
Subject: If it don't fit, you must acquit

Just for the record, I just reviewed my "Jeff's Goals for 2001" that Paul and  I worked up, and "doing time for the company" didn't make the list this year.
Paul, I double-checked and "dating Loretta Lynch" is, likewise, not on the  list.
Best,
Subject: DG Impediments

Jim: Here's the DG stuff from the Hertzberg letter ***************************************************************************= 8  Key Barriers to the Development of Distributed Generation and Proposals to= =20 Remove the Barriers  Barrier:  Excessive and Unnecessary Utility Stand-by Charges  Solution The executive orders issued by the Governor on February 14th took a step in= =20 the right direction, but don=01,t go nearly far enough.
Utility stand-by= =20 charges have always been designed by the utilities to protect their monopol= y=20 position, extract monopoly prices from customers, or both.
They must be=20 eliminated for all distributed generation applications.
There is no reason= =20 to limit the elimination of these charges to generation facilities that are= =20 less than 1MW.
These limits will only lengthen unnecessarily the time it= =20 takes for California to close the significant gap between supply and demand= =20 and reduce the risk of black outs this summer.=20  The provisions of SB27X eliminating stand-by charges were stripped from the= =20 bill.
This will likely thwart any attempts to encourage the near-term=20 development of distributed generation and reduce the severe supply-demand= =20 imbalance in California.
The language eliminating stand-by charges should be re-inserted into SB27X= =20 and modified to remove all caps on plant size.=20 =20 Barrier: Excessive delays and costs related to interconnecting facilities= =20 with investor-owned and municipal utilities  Solution:  =20 The Governor=01,s executive order regarding interconnection is a step in th= e=20 right direction=01*D-D-26-01 requires utilities to complete interconnection= =20 studies within 7 days.
California should ensure that this requirement=20 applies to all generation facilities, including distributed generation.
In= =20 addition, the financial conflicts the utilities face when interconnecting= =20 generation facilities are simply too powerful to overcome through executive= =20 orders or other regulations.
=20  To the greatest extent possible, California should shift control over=20 interconnection away from the utility and place that control with the=20 California ISO.
This could be accomplished through amendments to SB 27X.
Barrier:  Permitting and Air Quality Issues Developers of distributed (i.e., =01&on-site=018) generation that is 50 MWs=  or=20 greater must receive certification from the California Energy Commission an= d=20 therefore face all of the impediments to development that large-scale=20 generation faces.
=20  Solution:=20 California should ensure that the executive orders (D-22-01 thru D-26-01)= =20 issued by the Governor to expedite plant siting and maximize plant output= =20 apply equally to smaller scale, =01&distributed generation=018 facilities.
= In=20 addition, distributed generation that is less than 50 MWs continues to face= =20 local opposition.
The State should ensure that local, parochial interests= =20 cannot block otherwise beneficial distributed generation projects.
=20  These objectives could be accomplished through amendments to SB27X.
Subject: GOVERNOR DAVIS SIGNS EXECUTIVE ORDERS

PR01: 174 FOR IMMEDIATE RELEASE 04/26/2001   GOVERNOR DAVIS SIGNS EXECUTIVE ORDERS  TO PROVIDE POWER TO CALIFORNIA SACRAMENTO  Governor Gray Davis has signed three executive orders to increase  stabilization, conservation and generation of power in California.
Executive Order D-34-01 Many numerous and complicated statutes, regulations, policies and procedures  are delaying deployment of the energy conservation funding outlined in SB 5X  and AB 29X signed by the Governor two weeks ago.
Executive Order D-34-01 will  speed up implementation of the measures.
Together, the two bills provide over $850 million for energy conservation and  distributed generation programs designed to save over 2,000 megawatts this  summer.
With the Executive Order, the Energy Commission will not have to go  through the cumbersome process of guideline adoption to approve funding.
The  programs in the demand reduction program that will be streamlined included: Public Agency Loans and Grants (ECAA);  Time-Of-Use and Real-Time Meters;  Municipal Program; and  Cool Roofs/Building Materials Executive Order D-33-01 Governor Davis signed Executive Order D-33-01 to extend the conservation  rebate of the "20/20" program to the customers in the territory serviced by  the San Diego Gas and Electric Company.
The program is designed to help the  state avoid the likelihood of blackouts this summer and reward consumers who  significantly conserve energy.
In addition, it could save the state up to  $1.3 billion in power costs by reducing the amount of electricity the state  must buy during expensive summer peak periods.
Executive Order D-32-01 In Executive Order D-32-01, Governor Davis orders the transfer of funds from  the Energy Commission to the Department of Water Resources for implementation  of the power plant construction incentive program.
Incentives will include:  $5,000 per megawatt (MW) of average electrical output on the first 100 MW and  $2,500 per MW for each MW above 100 MW, if brought on-line by July 1, 2001;  $4,000 per MW of average electrical output on the first 100 MW and $2,000 per  MW for each MW above 100 MW, if brought on-line between July 2, 2001 and  August 1, 2001; and  $3,000 per MW of average electrical output on the first 100 MW and $1,500 per  MW for each MW above 100 MW, if brought on-line between August 2, 2001 and  August 31, 2001.
Executive Order D-32-01   Executive Order D-33-01   Executive Order D-34-01
Subject: Follow up

Hi Anita: Thanks again for you help with the questions I had about the deals going on  California.
I'd like to follow-up with you and Steve, particularly regarding  the "not a telecom" aspect of the deal.
These deals are going to  accelerate--very confidentially, they are directly linked to getting the
Subject: LADWP, BC Hydro, Bonneville Accused of Gouging California

Subject: LADWP, BC Hydro, Bonneville Accused of Gouging California  Energy Cost Study Critical of Public Agencies Too   Power: DWP is among three government-run producers cited as driving prices  up.
Spokesmen deny any market manipulation.
By ROBERT J. LOPEZ, RICH CONNELL, Times Staff Writers  ???
?Government-owned utilities, including the Los Angeles Department of Water  and Power, were influential in driving wholesale electricity prices to levels  that helped ignite California's exploding energy crisis during the summer and  fall, according to public and confidential records.
????
?For months, Gov.
Gray Davis, legislators and consumer advocates have  chiefly blamed a few private power companies for throwing the state into  darkness and economic chaos.
????
?But they are just part of the equation.
????
?A confidential document obtained by The Times names power providers that  have allegedly manipulated the electricity market.
While the document does  identify out-of-state merchants criticized for gouging, it also discloses for  the first time the extent to which public entities allegedly have maximized  profits in the volatile spot market.
????
?The document--which decodes the identities of unnamed suppliers in a
Subject: Call from PG&E's CEO

Received a call this afternoon from Gordon Smith, CEO of PG&E (I met Gordon  when he was CFO of PG&E and I was a bureaucrat at the PUC working on the Blue  Book).
He was following up from the meeting this morning with Bob Glynn.
He  was very positive about the comprehensive solution that Ken Lay described to  Glynn at this morning's meeting.
He was particularly positive about the  core/noncore proposal.
He asked to meet to discuss it further.
I have an  appointment to meet with him Monday afternoon.
He offered--as a board member
Subject: PG&E Proposed Solution

Roger: We're still ruminating on this within Government Affairs and will continue to  ruminate over the next few days, but wanted to fill you in on where we  currently are and get your comments.
Thanks.
Jeff
Subject: Presentation for K. Lay to CEOs re: Proposal K. Lay's Been Making  in California

FYI.
Ken Lay asked to have the pitch that he's been making California be  quickly put into a few power point slides for use in meetings he's having  this week at the gathering of the Business Council (back East) with a group  of California CEOs (e.g., Sun, Chevron, Amgen, Bechtel and others).
This is  the version that we gave to Lay's office; he may have modified it.
Will  check with Rosalee to get the final and distribute that version if changes  were made.
Best,
Subject: Follow-up Meeting this Morning w/CMA

Met early this morning with Jack Steward (pres.
of CMA) and Keith McCrea  (lawyer for CMA) to follow up on the meeting that Steve and I had with them  regarding the proposal Ken Lay was pushing last week:  They like taking Tx out of the MOU, they like getting DWR out of the power  purchase business, and they think that Edison's MOU needs a little haircut.
McCrea pushed back initially on core/noncore ("why should it be mandatory to  go the market?
"), but after much discussion they agreed that our idea for  core/noncore has a lot of merit.
Our idea is that 1) the core/noncore would take effect in 18-24 months, when  the markets settle and prices come down, 2)  everyone (core and noncore)  should pay for DWR's "past" purchases, since everyone consumed it, 3) core  customers should take IOU generation, QFs and DWR contracts (which eliminates  the core's "net short" position, and 4) noncore would go to market and would  not have to pay for any of DWR's "going forward costs" (since core gets them,  in exchange for getting all the low-cost IOU generation) I told them we are still crunching the numbers to see what the rate effects  would be and would share it with them when we're done.
While they are supportive of this approach and agreed that it would be useful  to continue to flesh it out, they are not convinced that it will get the  necessary support to get passed.
They are also withholding final judgment  until they see all the numbers, i.e., we've still got some work to do.
They are very cynical about anything getting solved in California, and are  extremely upset about the PUC's proposed rate decisions released by the judge  and Loretta Lynch.
They place very little trust in the Governor or the  Legislature.
Interestingly, the rate increase decisions, coupled with calls in Sacramento  for an immediate move to core/noncore, makes our proposal very attractive to  CMA.
Nonetheless, they said that they will continue to engage and are willing to  commit to continue meet to try to get California's mess resolved.
Subject: Late Homework

My apologies.
I took a vacation that I was in much need of, and as you know,  it's more hectic trying to take off on vacation than it is coping with the  day-to-day mess.
And I came back to utter chaos.
Regarding my homework assignment, I checked my records and, lo and behold, I  am completely vested.
That said, I also thought long and hard about making a switch and came to the  conclusion that the switch would need to be a significant one in order to  make leaving a compelling proposition.
Of course, it goes without saying  that working with you is about as compelling as it gets, but when I stack up  the other pieces of the puzzle, they seem somewhat less compelling than the  opportunity to work with you.
It is so enticing.
But it is with extreme  regret that I am inclined to decline your gracious offer.
Would be happy to discuss it further, and you know without me saying that I  am honored that you considered me and greatly appreciative.
Give a holler  when you find a minute.
Best,
Subject: FERC summary

This is a very good, easily digestible summary of the FERC order.
Alan  Zaremberg, CEO of the Chamber and located in Sacramento, asked if we had a  summary that we could provide him.
Zaremberg is convinced that no one in  California understands what FERC did and wanted to try to educate them.
If  we sanitize it to remove anything sensitive, are folks comfortable providing  it to Zaremberg?
Thanks.
Best,
Subject: More Curves

Hi Alan:  In our ongoing analysis of the MOU, and in our attempt to put together a  solution for California, we need to do a reality check on the implied curves  the Governor's consultants are using to arrive at their rate proposals.
To  ensure an "apples to apples" comparison, we're hoping to get our curve data  for 24X7 power, averaged on a quarterly basis, from 2001-2010.
Hoping that you can get that for us.
That possible?
Let me know.
Thanks a  bunch.
Best,
Subject: Concept for core/noncore Analysis

OK, I apologize, I've been trying to lock myself to the computer and crunch  some #'s, but can't seem to get control of my schedule.
Wanted to lay out  the core/noncore model that's been pitched (and that CMA showed keen interest  in this morning) to see if we're all on the same page; but perhaps this is  the analysis that you're already working on:  Split takes place either 1.1.03 or 6.1.03.
Core and noncore are responsible for the "DWR past purchases" (spread over 15  years).
Core will keep IOU gen, QFs and DWR contracts (which would eliminate the  short for the core) Noncore, in return for giving up the lucrative IOU gen, effectively accepts  the short position (i.e., goes to market) AND does not get sacked with DWR's  going forward costs (with "forward costs" defined as all power costs  attributable to the "post-core/noncore" transition date.
Let me know if this tracks with where we're headed.
Thanks.
Best,
Subject: 4:30 with Steve

Hi Maureen:  Could you ask Steve if he will be able to make the 4:30 (CST) with Laura  Tyson?
I think you 've got the call-in number.
Tell him it's not big deal if  he can't--I can handle--but if he can, it might be useful for him to be on
Subject: Materials for Scott McNealy

Greetings Piper:  My name is Jeff Dasovich.
I'm in Enron's San Francisco office.
I think  you've spoken with Karen Denne.
Scott asked for some background materials on  our proposed solution to California's electricity crisis.
I'll be forwarding  those to you sometime between 5 and 6 PM PDT.
Does that work for you?
Best,
Subject: Background for Enron Solution to California's Electricity  Crisis--Follow up from Meeting on 5.10.01

Hi Piper: The email I sent on Friday to Scott McNealy's address (listed below) got  bounced back to me.
Just wanted to make sure that you folks received the  materials.
Best,
Subject: Backgrounder for McNealy

Greetings: As folks heard, Ken Lay met with some California CEOs last Friday back East.
As a result of that meeting, McNealy, CEO for Sun, asked for some background  and more detail on what Ken Lay proposed as a solution for California during  his meetings in California over the past couple of weeks.
McNealy and others  have expressed a willingness to make phone calls to policymakers, etc.
to try  to advance the ball.
I pulled this together very hastily on Friday and take responsibility for all  errors, omissions, ramblings, etc.
Wanted to distribute, however, to make  sure that all had the info that is getting distributed.
Know folks are busy,  but this will likely get distributed to other CEOs this week, so any  comments, suggestions, etc.
about how to improve are welcome and appreciated.
Best,
Subject: Congratz

It was a beautiful day (and evening).
Congratulations to you both.
It is a  very sweet thing for two very sweet people, and I'm sort of choked up for  being asked to be in the wedding party.
It was a great day for everybody.
Congratulations.
Best,
Subject: Legislators' "Plan B" to "Enhance" Governor's MOU w/Edison and  Status Report

"Plan B" As folks know, there's a group of moderate Democrats in the CA Assembly that  has been working on a "Plan B."
They've been working on it because they're not satisfied with the Governor's  MOU with Edison.
The Plan B group has been talking to a broad array of stakeholders, including  Republicans, to get input into how "Plan B" can improve upon the MOU.
First the good news about Plan B:  a fairly bright group of legislators is  rolling up its sleeves and attempting to come up with a centrist solution to  the problem, and they're at least creating the appearance of trying to be  bi-partison about it.
(There is at least one idea in Plan B that is  attributable to a Republican--Keith Richman--that Ken Lay met with a couple
Subject: Letter from California Republican leadership to  Hertzberg/Burton--Proposal to Resolve California's Crisis

Hi Maureen:  Steve should have received via fax from Scott Govenar a letter to Hertzberg  and Burton from the Republican leadership in the CA Legislature.
The letter  1) conveys a strong willingness on the part of the Republicans to work  together to solve the problem and 2) provides an outline of the key  components of a comprehensive solution.
Could you please get a copy of the  letter to Rosalee; and Rosalee could you get a copy of the letter to Ken  Lay?
Thanks very much for your help.
Best,
Subject: Memorial Day

The place (outside) is a mess and needs some clean-up (e.g., get all that old  wood out of the front yard, whack down the weeds).
Possible for you guys to  come up next Wednesday night and we can do a quick clean up on Thursday.
I'm  going to try to hire a hauling company to help us and haul it away.
If  Cameron has to work are you available?
Best,
Subject: Final Rates from Yesterday's PUC Decision

Greetings:  Please see attached file.
Do have have the information necessary  to add a final column "Rates Established in Final Order?"
Could you let me  know?
Thanks.
Best,
Subject: California Status Report

Here it is.
See you at Sun bright and early.
At this point, I'm planning on  accompanying you to LA, but we can play by ear.
Best,