=20 =09 Utilities Biweekly Report =09 A news service for energy professionals =09 October 17, 2001 =09 To Remove, Substitute or Add an email address to our list, please send bri= ef message to msid@ieee.org=20 =20 =20 FERC Rejects Reasons for Suppliers Higher Prices In an order issued on October 5, the Federal Energy Regulatory Commission = (FERC) rejected the cost justifications of several power suppliers that so= ld wholesale electricity above the proxy market-clearing price during July= 2001. The electricity had been sold into the California Independent Syste= m Operator (CA-ISO) and Western Systems Coordinating Council (WSCC). FERC = said that the justifications from Dynegy, Reliant Energy, Mirant, and Willi= ams Energy were "either untimely filed and/or unsupported" and has ordered= refunds on those transactions. The four suppliers submitted their cost ju= stifications in compliance with FERC's April 26 order that established pri= ce mitigation for sales into the CA-ISO's spot markets starting in late Ma= y. That order required power suppliers and generators who submitted bids a= bove the market-clearing price to file a justification for the higher pric= es within seven days of the end of the month in which the sale occurred. F= ERC did not disclose how much money would be refunded since the four compa= nies requested that the matter be treated confidentially. In a separate ca= se, FERC Administrative Law Judge Bruce Birchman has until March 8 to issu= e a report on whether California is entitled to refunds of nearly $9 billi= on for wholesale power purchases when prices skyrocketed in the past year.= The report's recommendations will be considered by FERC commissioners for= further action. =20 Nuclear plant had long list of failings Inexperience, sloppy work habits and poor maintenance increased the chance= s of dangerous accidents at the Bruce nuclear power station in Ontario, th= e world's largest atomic facility, says a secret report obtained by The Gl= obe and Mail. The report was compiled in 1998 by a group of highly trained= , independent nuclear experts from the World Association of Nuclear Operat= ors (WANO), an industry advisory group based in Atlanta. It was given to O= ntario Power Generation, the provincially owned utility, the following year= . Among its findings: Some operators were unaware of such important topics= as the time it would take for water in reactors to begin boiling away if = flows of cooling water were blocked. Nuclear-plant operators disconnected = warning alarms they found too noisy. Operators sometimes did not watch ins= trument control panels, but had their backs turned to them, which could sl= ow any response to a problem. "Should an inadvertent loss of primary heat = transport coolant occur, operator response could be delayed, resulting in = a loss of core cooling." More than 2,500 nuclear-plant modifications were = not incorporated into design manuals, leading to confusion about how the p= lant actually runs. There was a backlog in preventive and corrective maint= enance and some maintenance work was poorly done. WANO tried to block The = Globe's access to the report, which listed dozens of other sloppy practice= s at the Bruce facility, and a second related report that found troubling = safety lapses at the Pickering nuclear station. But the organization recen= tly abandoned a court challenge seeking to have the documents remain confi= dential. It is the first time WANO reports assessing the performance of nu= clear plants have been publicly released anywhere in the world. A Bruce st= ation official said its performance has improved dramatically since the cr= itical report was written. WANO now considers Bruce "one of the fastest im= proving nuclear plants in North America," said Duncan Hawthorne, chief exe= cutive officer at the site. One nuclear energy critic said concerns raised = in the report about possible loss of cooling -- an interruption in the flo=
Answer: Utilities Biweekly Report
Here is an email: Hi gang. I will be out of the office quite a bit over the next 4 weeks. Please make sure you copy Scott and Molly on all emails and send all faxes to Scott Goodell, just to make sure we don't miss anything. Thanks
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A: Out of office
Q: Today's Associates PRC meeting that was to begin at 1:30 has been cancelled and will be rescheduled for a date yet to be determined. Both the morning Analyst PRC meeting and the Associates PRC meeting were scheduled for the same location and with Joe Sutton as chair. The Analysts PRC meeting is apparently running very long, so someone from the program office called to cancel the Associates PRC meeting for this afternoon. I will let you know as soon as I know a rescheduled date. In preparation for today's PRC meeting, I was able to meet in person with most of your supervisors to get input on your job responsiblities, accomplishments and performance. For those that were unavailable for a meeting, we managed a phone call or at least a series of voice mails to accomplish the same thing. I also have any materials that you may have provided to your supervisor for the mid-year review process, as well as copies of the internal feedback that was gathered through the PEP system. With this delay in the meeting date, I have the time to ask for a copy of your resume. The PRC process clearly focuses on your performance specifically from January through June 2000. However, it would be helpful to me in representing you to at least be familiar with your backgrounds. Please e:mail a copy to me or you can send a hard copy to EB3015. A couple of you have come by my office to meet with me. I would also be happy to put a name and face together for others of you or to talk by phone if you are not in Houston. My extension is 35926.
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A: Associates PRC Meeting - To Be Rescheduled
IN: HOROSCOPE: Weekly - His For September 25-October 1: Instead of wishing things were different, or woefully mourning the past, build a new beginning. It's pointless to bemoan recent changes or languish over disappointments. You cannot change the past. You cannot change people's minds, either. Face your situation and create something wonderful. The longer you fuss about what 'should have been', the more likely it is that important opportunities will drift by unnoticed. Cancer, it is time for change. Release frustrations and troubling memories. Move on, Crab. . . move on. Mine for today Quickly get past a troubling misunderstanding Once you've released toxic feelings, the atmosphere visibly improves, much to your pleasure. You're able to replace fear and resentment with compassion and understanding. Once you know the score, you no longer feel threatened or disrespected. Keep revenge out of this entire episode. 'Teaching someone a lesson' is not appropriate.

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OUT: On target as usual
Tom has come to a decision on what to do with the ubiquitous accrual value. 60% of this value should be credited to Greg's Transport expense on a monthly basis. Tom, in turn, will cover Ed on this portion of the expense. For example: Accrual Value comes out to be $300,000 for the month of April. This means that: Greg's portion of this value is 60% of $300,000 = $180,000 Tom's portion of this value is 40% of $300,000 = $120,000 Greg's Transport Expense is ($700,000) So, Tom will cover $180,000 of this expense Greg's adjusted Expense is ($520,000) Greg's P&L is net better off by the $180,000 of accrual value Tom's P&L is net better off by $120,000 of accrual value which had not been previously recognized. Ed's P&L is net unchanged from all of the above. Call with questions. Eric x3-0977
Answer:
FINAL DECISION ON ACCRUAL VALUE