As promised. Call me when you want to disucss. FYI - The letter is very "lawyerly"; I'm not sure this is the right approach though. Let me know if you think this tone will do more harm than good. Paragraphs for you to consider are in brackets.
Answer: TVA letter, re Southern Interconect
Summary of RTO-Related Events for the Week of September 10, 2001 *************************************************************************************** Monday, September 10 FERC Administrative Law Judge for the Southeast releases her report on the SERTO mediation process Tuesday, September 11 Steve Kean to speak with select reporters regarding Enron interpretation of SERTO report House Subcommittee on Energy and Air Quality holds hearing on Electric Transmission Policy: Siting, Incentive Rates, and Reliability - Jim Steffes to testify on behalf of Electric Power Supply Association (EPSA) Wednesday, September 12 Newly-appointed FERC Chairman, Pat Wood, to preside over his first meeting at FERC. Intends to state his FERC business policy Thursday, September 13 Enron hosts breakfast for Republican Governors Association in Houston - Ken Lay to speak on RTOs Senate Committee on Energy and Natural Resources to markup Senator Bingaman's draft energy legislation Friday, September 14 House Subcommittee on Energy and Air Quality holds hearing on Electric Transmission Policy: Regional Transmission Organizations, Open Access, and Federal Jurisdiction Enron to file protests/comments in the ARTO and MISO compliance filings made to FERC on 8/31/01 requesting further proceedings (mediation, settlement conference or staff technical conference) to establish a single Midwest RTO. (Numerous Midwest PUCs, consumer groups, and industrial groups filed similar requests at FERC this week). Enron to file a Show Cause Order asking FERC to require utilities and public power to make affirmative statements to join FERC-approved RTOs or face repurcussions (i.e. loss of market-based rates, new rate cases, reduced rate-of-return, etc._
Answer: RTO Calendar for Week of Sept 10
Lorraine, I've been studying the El Paso/Dynegy reservation reduction mechanism (RRM). Basically the deal was that Dynegy's minimum-pay obligation would be reduced by the amount of the fixed cost component of IT revenues generated by El Paso's transportation of IT volumes above a historical threshold. (The parties based the threshold on El Paso's monthly IT volumes for the 12 months ended 9/30/97.) The volumes in excess of the threshold were calculated and a ratio of the volumes in excess of the threshold to the total volumes was determined; the ratio would then be applied to the fixed cost component of all IT revenues and the resulting dollar value applied to Dynegy's monthly reservation charge, to the extent Dynegy had not met its minimum pay obligation for a particular month. This provision of course met with heavy opposition; however, FERC allowed it. FERC stated that while the RRM had anticompetitive effects because it created a disincentive for El Paso to discount IT, it was not unduly discriminatory. The "unduly discriminatory" conclusion was based on an analysis on the potential effect on the Cal. gas transportation market -- the
Answer: Duke
As part of the restructuring between ENA and Global Markets and consistent with the view to increase our focus on building our core gas and power business, we have decided to re-formulate the ENA Management Committee. As part of this change, each of you are invited to participate in dialogue and decisions which will impact the overall course of our business. Ultimately, this group is responsible for the overall financial performance and strategic direction of ENA. The only structural committment to your time will be a pre-scheduled Management Committee meeting every second Friday afternoon starting at 2:30 PM until 4:30PM in 30 C2 (video conference room). The Portland, Canadian and Mexican offices can connect via video conference. The meetings wil focus on financial targets, deal flow, market opportunities, staffing and strategic direction. The first meeting will be scheduled on this Friday. Everybody should make a serious committment to attend, to stay for the entire meeting and to be on time. Regards
Answer:
ENA Management Committee