Are the two electronic trading agreements for ENA and ECT Investments with different Bear entities? I am currently revising the institutional account agreement for ENA as part of my negotiation of the Securities Loan Agreement. I don't want to "trip over" the two referenced agreements.
Answer: Bear Stearns
On October 29, 2001, the commission issues an order instituting a rulemaking to establish ratemaking mechanisms to enable SCE, PG&E and SDG&E to resume purchasing electric energy, capacity ,ancillary services and related hedging instrument to full their obligation to serve their customers once DWR's authority to purchase on their behalf ends (December 31, 2001). At that point, the UDCs, not DWR, will have to pick up anything not covered by retained generation and the DWR contracts. The Commission will also address proposals on how renewable resources should be included in the mix of generation serving the state. The OIR will have a significant impact on procurement practices in the state on a going forward basis. The ruling states that if you are interested in being on the service list for this proceeding, a letter must be sent to the docket office stating that fact within 15 days (by next Monday). Bottom line is do you want me to continue to monitor (and perhaps get active) in this proceeding. Please let me know by the end of the week so that I can send in the required letter. Jeanne Bennett
Answer: Order Instituting Rulemaking to Establish Policies and Cost Recovery Mechanisms for Generation Procurement
Attached for your review and comments is Enron's Answer to Motion for Partial Summary Disposition by the Texas, New Mexico and Arizona full-requirements shippers in the complaint proceeding that they filed in July (RP01-486). The shippers have asked the Commission to (a) summarily determine that El Paso's mainline capacity is not adequate to serve its existing firm customers and (b) expeditiously establish a remedy phase in this proceeding. Enron's answer reiterates the comments it filed in the original proceeding, namely that the Commission should consolidate this proceeding with the complaint filed in RP01-484 by the Joint Complainants (producers, California LDCs) which also deals with issues of adequacy of capacity. We also reiterate and emphasize our original proposal that the Commission require El Paso to immediately give existing firm shippers the opportunity to turn back capacity they no longer need as one means of making additional capacity available to those who need more. You do not need to respond, but if you desire to, please get any comments back to me or Leslie by noon tomorrow. Thanks.
Answer: Please Respond by 12 noon CDT Friday, Sept. 21 -- El Paso Proceeding
Dear Medicine Bow Shipper: We received notification that the 5th segment to gate valve 6 providing a total firm capacity of 495 Mdth/day was approved by FERC today. Based on the feedback some of you have provided today, and since this is late notice on a Friday afternoon, the contracts will be effective on Monday, October 29, but the capacity will be available tomorrow and Sunday. We filed the 6th segment to gate valve 5 this past Tuesday (October 23) and are prepared to file the final segment as soon as one currently being reviewed is approved. Please call me if you have any questions.
Answer:
Medicine Bow Tie-In Capacity