IN: This is an email
Here's an attempt at being frank about the legislation without jeopardizing our relationships or commercial prospects. Overall, we respect the effort, but California failed to get the ball over the goal line: On Siting Intentionally or not, California has designed power plant siting laws that make it excruciatingly difficult to construct power plants in the state. Folks seem to have lost sight of the need to balance growth and environmental quality in California. That's why nothing's been built in the state for a decade and developers are going outside the state to build power plants. Tinkering around the edges won't help; and (with all due respect) the legislation passed yesterday tinkers. Real reform is required if California hopes to build the supply necessary to keep pace with Silicon Valley and a high tech culture and tame the price spikes. If developers continue to have to navigate through a maze of a half a dozen--or more--state and local agencies, California's supply problems will

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OUT: Possible Messages on Legislation in California
QUESTION: Greetings! I've joined the group again... You may have seen that 611 Peden has finally been torn down and is slated to be redeveloped as two 3-story townhomes. As the result of the prevailing building line application for Peden, the new houses will be set back 21' as with other properties on the block.
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ANS: *EMCA* Chapter 42 etc.
Here is the draft letter agreement. We are still discussing it with ECS and can make whatever changes are appropriate. Note that the letter agreement ties back to Article 6 of the Compression Services Agreement. That article, you may recall, is where ECS agreed to create a computerized system that would monitor Continental Divide's electric system utilization and warn when their system peaks were occurring and then automatically take the compressor offline (subject to manual override) so we and ECS could avoid peak period demand charges. Instead of creating such a system, which apparently turned out to be mostly a manual system anyway, ECS is going to pay us a monthly fee to monitor CD's system peaks ourselves and decide when we need to get off line. The load management service has to do with operational management of the load we place on CD's electric system, and is not a jurisdictional gas transportation or storage service. Note that the service goes on for 10 years (as required by the accountants' 10 year amortization rule) and thus may be vulnerable to scrutiny and potential revenue crediting in TW's 2007 rate case. Any way to avoid that? DF
Q: What is a potential subject line for this email?
answer: TW Letter Agreement
I noticed that a few of you had revised/validated several curves and that your work was not accurately reflected on the Progress Summary sheets. These sheets are an essential reporting tool for project management. Please update the progress sheets with your recent work or communicate your progress to Kathy Kelly so that she can perform the updates on your behalf if necessary. As a reminder, the sheets are located at O:\CurveValidation\Estate Reporting\Gas organized by region (Progress Summary - East, Progress Summary - Texas, etc.). Also, when you complete a template by either revising or validating the ERMS pricing data, please remember to place an "R" or "V" in the yellow box near the top of the template. Thanks for your help. Regards,
Answer: Forward Curve Validation/Revision Progress Tracking
Here is an email: Griff, Can you accomodate Dexter as we have in the past. This has been very helpful in establishing a fair index at Socal Border. Phillip Please cc me on the email with a guest password. The sooner the better as bidweek is underway.
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A: NGI access to eol
QUESTION: Due to the release of schedule C for ENA and EES, the attached spreadsheet provides the trading p&l without prudency and the associated Daily Loss Limit notifications. Additionally, the spreadsheet reflects the net effect on the Total Trading line. If the Corp. Var remains at $100mm, then a Daily Loss Limit notification would be sent out. However, the current opinion is that the Corp. Var is $150mm, including discretionary Var, which eliminates the notification. Please let me know if you have any quetions. Thanks,
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ANS:
Daily Losses for ENA and EES