Q: Karen: See highlited section of story below. PG&E's got it right. Recall that DWR was only buying power that it determined was "priced reasonably." Consequently, the net short wasn't getting picked up. That meant that the ISO would have to go to the real-time market to close the gap. The ISO would then charge the utilities for the power purchased. Recall that Bob Glynn referenced the $300 MM/month that continued to pile up on PG&E's balance sheet as one of the several reasons that PG&E put itself into bankruptcy. Now that PG&E's in bankruptcy, the state is now responsible for the full net short, and can't continue to sluff it off onto PG&E's balance sheet. So it's therefore no surprise that the State's daily bill for power purchases has increased dramatically---just not for any of the bogus reasons cited by
Propose a subject line
A: CA legislature in doubt

Q: When: Monday, October 01, 2001 2:30 PM-3:30 PM (GMT-06:00) Central Time (US & Canada). Where: EB 3907 at 2:30 today *~*~*~*~*~*~*~*~*~* Is everyone available today at 2:30 to discuss the KUA and FPC meters issues? I will get a room and notify everyone of the location. Jim D., we will call from the meeting location. Thx, Jim
Propose a subject line
A: Updated: KUA and FPC - Cane Island lateral and meters

Q: Peggy: Considering where we are in the divestiture process, I don't think it is the right time to have PGE contract for and administer the Health and Welfare Benefits noted in your memo dated 04/20/01. In addition, it is likely that a potential buyer would want PGE to come under its own Health and Welfare Benefits. Switching now could entail having PGE employees being under three Plans in a relatively short period of time. Stan
Propose a subject line
A: HEALTH & WELFARE BENEFITS

Q: Market Notice October 29, 2001 Market Participants: The ISO has been notified that effective HE0800 (beginning at 0700) October 30, 2001, CERS will no longer provide creditworthy backing of negative decremental energy bids and negative OOM sales (i.e. any bids below zero dollars). If for reliability purposes, the ISO needs a negative decremental energy bid, CERS has indicated to the ISO that it may back such bids on a case-by-case basis at its sole discretion. Accordingly, in continuing compliance with FERC's orders, the ISO will not dispatch any negative decremental energy bids or any negative OOM sales absent assurances of creditworthy backing. Please contact your Client Representative with any questions.
Propose a subject line
A:
CERS Update