We are wrapping up several hours in the office and have tested all commodities front to back. We found a few minor issues, primarily reports with report dates that were incorrect. The content and underlying calculations in the reports were correct. These were really just query and formatting issues. All were quick fixes of five minutes or less. So at this point we feel confident about our system situation. More will unfold with counterparties next week, but hopefully all found this as uneventful as have we. Hope your new year's celebration was fun. We saw pictures of the London festivies on TV as we were cooking our New Year's eve dinner last night at home. See you soon.
Answer: Happy New Year - No Y2K Fear!
President Lynch has today released the attached ACR concerning market valuation of the utilities retained assets. As you may know, AB 1890 originally required that for those generation-related assets that the Commission determines to be transition costs and that are subject to valuation, "the valuation used for the calculation of the uneconomic portion of the net book value shall be determined not later than December 31, 2001, and shall be based on appraisal, sale, or other divestiture." Lynch states that this requirement was changed by AB 6X and that, "I intend to recommend to my colleagues that the requirement to value generation-assets subject to valuation by December 31, 2001 has been superseded by AB 6X. Parties shall file and serve comments addressing this issue by January 15, 2002. Reply comments shall be filed and served by January 25, 2002." Dan
Answer: Lynch Ruling re Market Valuation
Market Participants: The advisory statements for January 2000 have completed posting to your secure web sites. Attached below is the version mapping needed for reconciling your invoices. (See attached file: January 2000_SA2_Version_Mapping.xls) - January 2000_SA2_Version_Mapping.xls
Answer: January 2000 Settlement Adjustment
Mr. Skilling, Dow Jones & Company is presenting a Bandwidth Trading Conference during the week of October 22nd, 2001. The conference is designed for two keynote address speakers. We would be honored if you could give the keynote address from the energy perspective. At your convenience, I would appreciate the opportunity to discuss this proposal with you. Thank you for your attention toward this request.
Answer:
Request for Speakers: Dow Jones Bandwidth Trading Conference