IN: This is an email
Yesterday, the Federal Trade Commission issued a staff report on electricity restructuring issues. It is an update of the July 2000 report done at the request of House Energy Chairman Tauzin and Subcommittee Chairman Barton. They requested the report be updated. A summary of the report and the full 80+ page text is on the FTC web site at www.ftc.gov on the upper left side of the home page. I read the summary and will read the balance. So far, so good. It basically says that even states that have opened up to retail competition are in transition with a hybrid of regulation and competition, thus the expected benefits of competition have not yet emerged. However, the report states that nothing to date indicates that competition, once the transition period is over, will not produce additional benefits for consumers. The report's major conclusion is that competitive wholesale markets are important to achieving effective competition in retail markets. The summary includes something that sounds promising on RTO policy, saying "And as wholesale and retail markets become regional, governing policies and jurisdictional approaches also must move in that direction for wholesale and retail competition to be successful."

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OUT: FTC Staff Report on Electricity Restructuring

IN: This is an email
Just wanted to give you a head's up. We received last night from ED&F Man their form of proposed Clearing Agreement with the OMLX. It appears they simultaneously sent it to the OMLX. I am having my assistant fax a copy to you. I haven't had a chance to look at it yet, I'll do that first thing this morning. As you recall, we sent them the OMLX's form for signature a few weeks ago, and they've now come back with their form. I don't know how customary it is to negotiate this with the OMLX? Anyway, we'll take a look at it here and give you a call.

What is the subject?

OUT: OMLX Application

IN: This is an email
attached is redrafted language which can "stand alone" or we can also incorporate the chart. (Jared, I think you have some prior language we can use, and we may have to rename one or two parts of the chart). SS

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OUT:
GA-Pacific