Ray Alvarez brought to my attention today a news item indicating that the Congressional Budget Office released a report earlier this week entitled "Causes and Lessons of the California Electricity Crisis." The 30+ page report is available on the home page of the CBO's web site at www.cbo.gov. I have quickly read through the summary and it is largely favorable. For example, the summary says: "Much of the blame for California's electricity crisis attaches to the state's restructuring plan -- but not to its objective, electricity deregulation. (...) But deregulation itself did not fail; rather, it was never achieved."
Q: What is a potential subject line for this email?
answer: New Congressional Report on California
Tom, From the stage I was at on the duration and energy it was just as easy to do all 7 sites as the 3 you specifically requested. If you do not want the additional graphs let me know and I'll pull them out of the Acrobat file. Mark
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answer: WR613 Pitch System Fault Pareto
FYI. The agenda for the legislative oversight committee's gas hearing tomorrow includes two Brattle Group consultants, Paul Carpenter and Matt O'Loughlin. They will make up the first panel, titled, "California's High Natural Gas Prices: Market Power and Other Factors." In California's gas wars, Edison hired these folks--Carpenter in particular--
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answer: Legislative Hearing on Gas
Per our conversation, it appears that the two companies are going to merge in October? Looking at Lotus Notes, I don't think we could pick two bigger dogs of masters to have in place. I don't think we want either master to be the survivor master. With Chase we have an old 1987 Interest Rate and Currency Exchange Agreement and with Morgan we have a Master Energy Price Swap Agreement. Yuk, yuk. If I had my druthers I say, LET'S START OVER. I know it's far reaching, but maybe we could make it our goal to have this master replaced by October. Do you think that's do-able? Do we have a contact at Chase/Morgan we can start dealing with? I'm going to add chase to the Legal/Credit list just as a tickler for us to get this thing rolling.
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answer:
Chase Manhattan/Morgan Guaranty Merger