All, Jim requested I get everyone a copy of the bankruptcy document he referred to in Tuesday's meeting. Can you please confirm your current location so that I can send you a copy or if you prefer to have a copy picked up, my location is EB4522. Many thanks, Lucy
Answer: Bankruptcy Document
Patrice--I'm working on the reconciliation and I've noticed that in Sitara for deal 1084719, the pricing is at Citygate GD for day 16. Did you go back in and change this? Let me know b/c the pricing is coming across in Unify as $2.29 rather than the $2.22833 you put in for the rest of the month.
Answer: Heartland Steel
1. When you buy from the imbalance(Services 2mw for HE 17-22) please make sure that you buy from the correct zone(i.e. if finals have sp load dec'd then the buy from the imbalance in enpower needs to be in sp). Day shift, assumed the ISO would make a buy from NP and for 3 hours they dec'd SP load. Even better if you know that you are going to buy from the imbalance then submit a schedule that is BALANCED, in this case they should have created a new load zone in SP under the Services book and inserted a -2 for HE 17-22. As always we don't want to buy from the imbalance but if all other options have been exhausted then at least submit your preferred zone to purchase from rather than leaving the ISO to roll the dice and force balance you how ever they want.
Answer: Deals for 7/12/01
Hertzberg and Keeley announced that they are filing a petition with FERC to rehear the April 26th decision regarding price caps. After going to D.C. and meeting with several FERC members, they decided to file for a rehearing. Their filing asks that the order should be in affect around the clock instead of just during Stage 1, that the actual costs be tied closer to the pricing of the product, and anyone that exceeding the cost-based pricing system have a 100% penalty. Hertzberg and Keeley had a press conference today at 1:30 PST. Questions included the impact of today's ruling and how it would affect Plan B, Hertzberg replied he was not sure. He also indicated that they support the Feinstein bill and if the lawsuit or the rehearing efforts do not work, legislation is the last chance for price caps. Hertzberg also indicated that he was getting to the point where CA "may just say no to prices that are too high" (via buyer cartel).
Answer:
California Update p.3; 5/29/01