Here is an email: As we discussed, attached is my "Cheat Sheet" which I use to guide me when approving non-US counterparties that come in through EnronOnline via Houston Credit. London Legal and I try to coordinate our responses but I cannot speak for them and the standards they may apply to approving counterparties to trade online. They also frequently deal with different countries than us. You may want to speak to Justin Boyd. Generally, with respect to most physical trading, except power trading, there are no legal restrictions to trading. Most of the restrictions in this list are with respect to financial products. Physical bandwidth has generally not done much legal due diligence outside of the US and the UK and bandwidth is therefore not open to non US and UK counterparties. With physical power, generally, in most countries they require some sort of power marketing license so I look to the power lawyers to guide me. As I also mentioned, for Japan or Australian based counterparties I wait for David Minns or Jane McBride to advise me.
What is a potential subject line for this email?
A: EOL Country Approval List
Here is an email: Guys, I received Harrell's memo concerning the fuel use for the turbine and the fact that you had to reduce gas producer speeds to comply with the permits fuel use requirements. My question is, how does the fuel use compare with what Solar says the fuel use should be? If we can get Solar to provide written guarantees and "UP" the fuel use value for the turbine, we can up the fuel value on the permit. The state of Colorado perceives increased fuel use beyond manufacturers values as the turbine not operating correctly and in need of mechanical adjustment. From their eyes, this would be a strong indication of excess emissions, and I think there evaluation would hold some merit. Anyway, I dont want to send up a red flag to the state of Colorado. Would you contact Solar and compare their fuel use values with what the monitors say the turbine is burning at La Plata? Then let me know. If worse gets to worse, I may be able to use another tactic, but only as a last resort.
What is a potential subject line for this email?
A: Fuel Consumption, La Plata A
Here is an email: Lara: I have rather hastily put this list together. For that I apologize. Hope it is helpful. The things on the list are ones that you've likely already considered. Nevertheless, some of the issues we face in California include: 1. POWER PLANTS The utilities' subs are building power plants; competitors (like Enron) are also trying to develop plants to sell power into both wholesale and retail markets. The utilities control the interconnection of plants to the grid. The interconnection rules are currently so vague and ambiguous, that the utility could quite easily favor its generation sub over competitors. This would have an effect on prices at both the wholesale and retail level (i.e., how do we know we've gotten the best generation deal if the utility can favor its subs plants via interconnection?). 2. DISTRIBUTED GENERATION And the same goes for DG: in California many are pointing to DG as a viable solution to the price spikes. If the utility loses sales because a customer has installed DG on her premises as a hedge against price spikes, the utility will have an incentive to thwart interconnection of the DG unit. (Recall that in many places, recovery of distribution costs is derived from kwh sales; and if sales go down, so can recovery of the utilities' distribution-related costs). In addition, if someone attempts to install DG at the grid level (as opposed to on-site DG) and sell the DG power in wholesale and retail markets, the utility has the ability to frustrate the DG project via interconnection. This permits the utility to retain bundled service customers. Utility control of DG Interconnection can also permit the utility to favor its DG subs. 3. INTERCONNECTION/VOLTAGE BUY-UP And the same goes for the retail level---remember how SDG&E used
What is a potential subject line for this email?
A:
Rick's Panel on Wholesale/Retail Market Power Issues