Spreadsheet: james_steffes__12908__IRTF-Regulatory report-October
Sheet: Sheet1

 |  | ENRON NORTH AMERICA
 |  | GOVERNMENT AFFAIRS REPORT
 |  | Support Type | Deal Name | Responsible  Person | $ Impact (MM) | Key Issues | Updated | Strategies/Comments
 |  | Deal Support | [NAME] (fuel cells) | [NAME] | $10m + | approval of state funding. | 2001-11-01 00:00:00 | Recent DPUC decision denied funding from state conservation fund.  Exploring alternative fund.  Recent indications from Governors office indicate likely project in 2002.
 |  |  | [NAME] Offer | Allegretti | $10m | puc approval | 2001-11-01 00:00:00 | Contract exeuted and approved by DPUC.  Discussions with PUC in process to expand and extend.  Participation in PUC rule making getting favorable response.
 |  |  | MECC/CES | Allegretti | $21m | retail access rules | 2001-09-30 00:00:00 | Obtained 2 advisory rulings from PUC.  Facilitated introductions with MECC and promoted customer relationship.
 |  |  | CES NH | Allegretti |  | retail access rules | 2001-09-30 00:00:00 | NH market is open but standard offer is below market.  Joint marketing initiative is currently on hold.
 |  |  | National Grid | Allegretti |  | Outsourcing opportunities | 2001-09-30 00:00:00 | Facilitated introductions between ENA and National Grid re: possible outsourcing oppportunities.  Prepared outsourcing proposal to Grid.  Discussing next steps.
 |  |  | UI | Allegretti |  | Outsourcing opportunities | 2001-09-30 00:00:00 | Discussions w/ UI re: accessing retail customers on a preferred basis.  Discussions on hold pending UI rate case.
 |  |  | NU | Allegretti |  | Load and supply acquisition | 2001-09-30 00:00:00 | Initial meetings w/ NU were favorable.  Confidentiality Agreement in place, discussions have been sporadic as market moves.
 |  |  | San Antonio | Allegretti/Frank |  | C-branding Opportunities | 2001-09-30 00:00:00 | Initial meeting to determine interest, was favorable.  Researching public procurement  requirements.
 |  |  | Unitil | Allegretti |  | Outsourcing opportunities | 2001-09-30 00:00:00 | Initial meeting and discussions as to interest.  Pending confidentiality agreement.
 |  |  | TVA | Migden/Allegretti |  | Co-branding Opportunities | 2001-09-30 00:00:00 | Met internally to review background material and develop strategy.  Meetings w/ TVA and member municipals schedule on hold.  Researching legal issues.
 |  |  | CommEd | Migden/Allegretti |  | Outsourcing opportunities | 2001-09-30 00:00:00 | Met internally to develop strategy.  Meeting w/ [NAME] scheduled for June.
 |  |  | EES Structured Supply | Allegretti |  | Develop Master Agreement | 2001-11-01 00:00:00 | Working with EES and outside council to develop master agreement for EES Structured Supply Group.  Agreement is in final form and is being reviewed by multiple counterparties.  Recently developed form of confirmation for NEPOOL transactions.
 |  |  | TCCs/FTRs | [NAME] | $10 million | Continue the profitable TCC/FTR market penetration | 2001-10-31 00:00:00 | The fall auctions were completed at the end of September.  We continue to obtain profitable contracts and our dollar value goals are easily being met.  We continue to participate in monthly reconfiguration auctions - relatively small value to Enron.
 |  |  | VNG/AGL | [NAME] |  | Asset Management | 2001-03-16 00:00:00 | Deal closed and is being implemented. Working on expanding Enron's products and services into AGL's Georgia Market.
 |  |  | [NAME] | [NAME] |  | Asset Management | 2001-03-16 00:00:00 | Scheduling several executive level meetings to redevelop relationships in anticipation of business opps. Met with Keyspan Counsel and SVP Supply
 |  |  | UGI | [NAME] (ENA - M. Bernstein, [NAME]) |  | PJM FTR's and ICAP market | 2001-03-16 00:00:00 | Supporting ENA in developing proposal to serve UGI customers (possibly in combination with EES and TNPC).
 |  |  | DELMARVA [NAME] | [NAME] (ENA - J. House) |  | PJM ICAP | 2001-03-16 00:00:00 | Supporting ENA reviewing peaker deal in DELMARVA territory.  Provided insite and responded to questions regarding the PJM ICAP market to determine if there is any value.
 |  |  | Energy IPO | [NAME] (ENA - D. Clifford) |  | PJM ICAP | 2001-03-16 00:00:00 | Supporting ENA development of energy "IPO"-type deal with generating station in PJM.  Provided insite and responded to questions regarding operation of the PJM ICAP market to deterimine if there is any value.
 |  |  | VEPCO EES Deal | [NAME] (EES - [NAME]) |  | PJM ICAP and Operating Resrve | 2001-10-25 00:00:00 | Supported EES deal in VEPCO by providing an understanding of ICAP and Operating Reserve requirements in PJM and their impact the pricing of an internal transaction w/EWS.
 |  |  | NJ BGS Supply | [NAME] (ENA/ENA P. Letzerich, [NAME], [NAME]) |  | ICAP, FTR's, Licensing/Certification | 2001-10-24 00:00:00 | Provided support to EES and ENA in determining which company could respond to recent NJ BGS auction.  Support included understanding ICAP and FTR's (and potential impacts) as well as which companies have the required licenses and certifications.
 |  |  | EEMC | [NAME] |  | Maryland retail license for Enron Energy Marketing Company (EEMC) | Ongoing | Supporting an application by EEMC to serve gas customers in Maryland.  EEMC was formed as a result of the purchase of the PG&E customers located in BG&E's service territory.
 |  |  | EES Load Response Program | [NAME] (EES - J. Brown) |  | Developing a commercial product for the recently approved PJM load response programs. | Ongoing | Supporting EES in developing a commercial product (similar to that recently put in place in NY) for the PJM Load Response Programs.  Suppoort inlcudes providing EES with understanding of PJM energy and anciliary services markets and the new load response programs.
 |  |  | ENA & EES | [NAME] |  | PJM markets. | Ongoing | Continue to provide support and potential leads for deals in PJM.  As Enron's lead representative for PJM, respond to inquiries from commercial people on potential deals in PJM.  With contacts developed in PJM and the states involved, provide leads to potential deals.
 |  |  | EES | [NAME] (EES - M. Brown |  | Regulatory risk with power purchase agreement. | 2001-10-12 00:00:00 | Reviewed power purchase agreement between EES and PJM member and analized regulatory risk (PJM rules and requirements).
 |  |  | PA | Ader/Chapman/Allegretti |  | UGI full requirements deal | 2001-09-30 00:00:00 | I have been working with a number of parties including [NAME] and [NAME] on a possible deal with UGI regarding full requirements energy. This one has fallen by the wayside.
 |  |  | Upstate NY | [NAME] |  | Outsourcing opportunities | 2001-03-17 00:00:00 | Working with [NAME] (EES NiMo sales rep) on several potential deals in Upstate NY.  I’ve set up a meeting with [NAME], myself and the Mayor of Oswego to discuss outsourcing the city’s power needs.
 |  |  | NYC | [NAME] |  | Outsourcing opportunities | 2001-03-17 00:00:00 | Facilitated meetings with [NAME] (EES) and [NAME] (former New York State official) re: potential outsourcing opportunities with large customers in ConED service territory.
 |  |  | Deferiet Paper | Fromer |  | Securing Credit | 2001-05-31 00:00:00 | Intervened with Governor's office when deal started to fall apart and suggested deal structure that would allow NYPA to provide credit for commodity portion of deal worth close to $70 million over 5 years. Company filed for bankruptcy and deal never closed.
 |  |  | Calypso Pipeline | Robinson | $50m | approval of federal, state and Bahamas regulatory permits. | 2001-09-30 00:00:00 | Ongoing meetings with state and local officials.  [NAME] ongoing regulatory strategy.
 |  |  | Peaking Plant --St. Lucie (Midway) | [NAME] |  | Local permiting authority | 2001-09-30 00:00:00 | Pre-meeting for Midway March 19 -- 1:30 @ GT West Palm Beach and Full Team meeting on March 20 -- Midway Commissioners Meeting  7:00 @ St. Lucie County.  Enron has received approval of its rezoning plan and development agreement with the local Planning and Zoning Board.
 |  |  | Peaking Plant -- South Dade | [NAME] |  | Local permiting authority | 2001-09-30 00:00:00 | Development Agreement abated by ENA.
 |  |  | Peaking Plant-- Pompano Beach | [NAME] |  | Local permiting authority | 2001-09-30 00:00:00 | Final approval of air permit pending before Administrative Law Judge.
 |  |  | Peaking Plant--Deerfield | [NAME] |  | Local permiting authority | 2001-09-30 00:00:00 | Final approval of air permit pending before Administrative Law Judge.
 |  |  | Penzoil/Quaker State | [NAME] | $15M | Outsourcing opportunities | 2001-09-30 00:00:00 | EES negotiations on commmodity agreement ongoing.
 |  |  | Gas Project | [NAME] |  | Transportation opportunities | 2001-09-30 00:00:00 | Facilitating meetings with Florida Industrial Gas Users Association.
 |  |  | Biomass Project | [NAME] |  | Re-powering Project | 2001-09-30 00:00:00 | Conducting due dilligence on EWG status and FL generation siting act for ENA.
 |  |  | [NAME] | [NAME] |  | Re-powering Project | 2001-09-30 00:00:00 | Conducted due dilligence on FL siting generation act and mining permit regulatory risk.
 |  |  | Butte County, CA | [NAME] |  | CC Power Plant | 2001-09-30 00:00:00 | Facilitated meeting with ENA and consultant concerning siting power plant.
 |  |  | Central Virginia Electric Coop | [NAME] |  | Request for Proposal | 2001-09-30 00:00:00 | Provided regulatory due dilligence concerning EP<I's status in VA.
 |  |  | SUNY | Fromer |  | Outsourcing Opportunities | 2001-05-31 00:00:00 | Participated in negotiations with SUNY regarding a 50 MW RFP for  four years that Enron succeeded in winning that would have booked several million dollars. Deal never closed when prices moved while extended contract negotiations were occurring.
 |  |  | DSM | Fromer |  | Acquiring calls on customer curtailment and on-site generation | 2001-09-30 00:00:00 | Working with [NAME] and [NAME] in support of transactions with custommers to for use of load curtailment and on-site generation in NY energy and capacity markets. Reviewed contract with MG Industries with deal team.
 |  |  | BECO  Default Service C& I Customers | [NAME] | TBD | Get utility to facilitate process of identifying large C&I Default Customers  for EES. | 2001-10-31 00:00:00 | Coordinated discussions with NSTAR to gain their support to assist in identifying  large Default Service customers willing to consider option of competitive supply.  NStar utilized its acct. reps to screen customers and get authorization, and provided list of 10 viable leads with avg. annual usage over 12,000 MWH  (>$1 million avg. yearly spend). Participated in DTE initiative and provided comments on ways to encourage competition in Mass. with emphasis on a default customer list. DTE issues Order competitive initiatives, directing Mass utilities to make default customer list available if requested form licensed suppliers and opened Docket 01-54 to investigate other compatitive initiatives.  Participated in technical session dealing with customer usage information. Filed joint comments on Phase I issue on disclosure of customer information.  On 10/15, DTE issued Order 01-54A, expanding custoemr information lists to [NAME], andto include Historical Usage. Continuing paricipation in other Phases of Competives Initiatives proceeding.
 |  |  | MassElectric Default  Customers | [NAME] | TBD | Customize list [NAME] customers to focus on only customers with large enough usages for EES to effectively market to  (large C&I's) | 2001-10-31 00:00:00 | Organized meetings with Mass Electric to initiate customer mailings tailored to large default customers class to generate sales leads.  After first mailing in May EES has received more than 70 responses.   Participated in DTE initiative and provided comments on ways to encourage competition in Mass. with emphasis on a default customer list.  DTE issues Order competitive initiatives, directing Mass utilities to make default customer list available if requested form licensed suppliers and opened Docket 01-54 to investigate other compatitive initiatives.  Participated in technical session dealing with customer usage information. Filed joint comments on Phase I issue on disclosure of customer information. On 10/15, DTE issued Order 01-54A, expanding custoemr information lists to [NAME], andto include Historical Usage. Continuing paricipation in other Phases of Competives Initiatives proceeding.
 |  |  | Florida Fiber Net | Bolton/Robinson |  | Outsourcing opportunities | 2001-03-16 00:00:00 | Facilitated meetings between EBS and Florida DOT re: outsourcing opportunities.
 |  | Regulatory Risk | Financial Assurance | Allegretti / Janice Moore |  | Financial Assurance | 2001-11-01 00:00:00 | Working w/ Enron legal and NEPOOL to improve financial assurance policy and prevent fraud or default.  Also seeking to reduce EPMI cost of bonding.  Participation in neogiations yielding favorable results.
 |  |  | ICAP | Allegretti |  | ICAP deficiency rate | 2001-11-01 00:00:00 | FERC decision on NEPOOL deficiency rate is final but FERC is initiating generic proceeding on reliability markets.  Working to develop Enron advocacy in FERC case.  Comments filed in October.
 |  |  | Uplift | Allegretti |  | ISO-NE day ahead overcommittment | 2001-09-30 00:00:00 | ISO-NE has begun reserve sharing with NY to reduce overcommittment.  Additional measures are forthcoming.  Working closely with ISO-NE to address situation.
 |  |  | ISO Tariff | Allegretti/ Fulton | 500000 | Changes to ISO tariff design | 2001-09-30 00:00:00 | Favorable settlement approved by FERC in July.
 |  |  | East Coast Power (ECP) | [NAME] |  | Support to ECP in their Gov't Affairs needs in NJ and NY. | 2001-03-16 00:00:00
 |  |  | AGI Investigation (Pol. Contributions) | [NAME] |  | Reversing previous opinion, which prohibited cogenerators from making political contributions | 2001-06-06 00:00:00 | Mtg. With AG's office to discuss latest request for information.  Gross/Deltufo to handle.
 |  |  | PJM ICAP | [NAME] |  | Revising PJM ICAP to eliminate/mitigate market power and increase liquidity | 2001-03-16 00:00:00 | The ICAP market in PJM is an impediment to ENA doing physical deals in PJM.  The market is illiquid and certain parties have the ability to excercise market power.  Participate as Enron representative to the PJM Future Adequacy Working Group that is developing short-term and long-term changes to the PJM ICAP to increase liquidity in the market and mitigate market power concerns (short-term) and to review need for ICAP with one possible outcome elimination of ICAP (long-term).
 |  |  | PJM FTR's | [NAME] |  | FTR's (allocation/obligation vs option/hub-based/FTR revenue undercollection exposure) | 2001-03-16 00:00:00 | FTR's are major impediment (difficult to hedge deals) to ENA doing deals in PJM, particularly in Eastern PJM.  Working with other members to form a coalition to develop a proposal(s) to implement necessary changes in FTR's.
 |  |  | PJM Load Response Program | [NAME] |  | Development of a load responses program in PJM. | 2001-03-16 00:00:00 | PJM implemented a Pilot Load Respopnse Program for the summer of 2000 that expired last year.  There is a working group that is developing a proposal for a permanent program to be implemented for the summer of 2001.
 |  |  | Maryland PUC Gas Conference | [NAME] |  | Maryland PUC Gas Conference to review issues and status of gas supply for Winter 2001/2002. | 2001-09-25 00:00:00 | Developed files comments and appeared before the Maryland PUC to discuss the status of natural gas supplies for the upcoming Winter.
 |  |  | Maryland PUC hearing - Northeast RTO. | [NAME] |  | Hearing by the Maryland PUC to determine the benefits of moving forward with the Northeast RTO development. | 10/3&4/01 | Developed filed comments and appreared before the Maryland PUC to discuss the development of the Norhteast RTO and the benefits to Maryland.
 |  |  | [NAME] | [NAME] |  | The IBM deal (in Central Hudson service territory) represents the largest single $$$ position for EES. | 2001-10-30 00:00:00 | PSC approved JS proposal on 10/25.  PSC increased refunds from $45 million to $72 million over 3 years.  Working with EES to quantify total benefits to IBM deal.  Initial estimates of EES' share of the refunds are estimated at about $14 million.
 |  |  | NY Campaign | [NAME] |  | Managing regulatory risks in NY's wholesale and retail energy market | 2001-10-30 00:00:00 | Assisted in preparation of press package released in July.  [NAME] scheduled Aug. 1 with IPPNY to discuss next steps for PR plan.
 |  |  | NIMO | [NAME] |  | Potential Industrial Customer Deal | 2001-10-30 00:00:00 | This month, NiMo filed a Joint Petition with the PSC for approval of its merger with National Grid.  [NAME] does not materially change NIMO’s retail access program, as contained in “Rule No. 48” in its tariff.
 |  |  | NY Campaign | [NAME] |  | Managing regulatory risks in NY's wholesale and retail energy market | 2001-07-30 00:00:00 | Assisted in preparation of press package released in July.  [NAME] scheduled Aug. 1 with IPPNY to discuss next steps for PR plan.
 |  |  | Unbundling Case | [NAME] |  | “bottoms-up” unbundling rate proceeding for each of the major gas and electric utilities in NY | 2001-09-30 00:00:00 | The events on September 11 forced the Commission to delay its prehearing conference and technical hearings originally scheduled to take place on September 12 and 13.  New dates have yet to be determined.
 |  |  | Credit Policies | Fromer/Chip Schneider |  | Credit Policies | 2001-03-16 00:00:00 | Working with ENA and NYISO Committees to update ISO Credit policies. As of 3/1, ISO began collecting 25cents/MWH to build up $50 million contingency fund.
 |  |  | NYSEG | [NAME] |  | Company has proposed freezing delivery and supply prices for all customers for seven years. | 2001-10-30 00:00:00 | Participated in NYSEG hearings on the case for a temporary reduction in rates on Oct. 15-19.  [NAME] on the temporary rates are due Nov. 2 and briefs on retail access issues are due on Nov. 12.  Settlement on all issues is ongoing.
 |  |  | RG& E | [NAME] |  | Retail access rules, merger issues and price protection plan | 2001-10-30 00:00:00 | NYSEG/RG&E merger meetings w/PSC have been intertwined with hearing and settlement negotiations with NYSEG's proposed pricing plan and the case for temporary rates.
 |  |  | [NAME] | [NAME] |  | [NAME] | 2001-10-30 00:00:00 | Filed a motion for leave to file out of time a request that the Virginia PSC convert EES' temporary retail license into a permanent retail license.
 |  |  | [NAME] In-City Mitigation | Fromer/Novosel |  | Expansion of current in-city market mitigation plan. | 2001-10-31 00:00:00 | On 3/1, [NAME] requested FERC to modify the existing market mitigation procedures applicable to certain generation facilities divested by ConEd and located in New York City (City Mitigation).  The proposed changes would have widespread impacts not only on existing in-City units, but on proposed projects, as well. FERC rejected proposal on May 16.On Jul 20, FERC reversed itself and granted [NAME] the relief it had sought for the summer 2001 capability period ending October 31. In October, [NAME] asked FERC to extend the new mititgation measures for another year. A FERC decision is pending.
 |  |  | Price Caps | Fromer/Novosel |  | (1) Extension of $1,000/kwh bid cap and ISO's Temporary Extraordinary Procedures authority for 18 months. (2) Adoption of circuit breaker. | 2001-10-31 00:00:00 | On 3/9 and 3/12, ISO requested FERC to extend the existing $1,000/kwh bid caps and its TEP authority that were due to expire at end off April another 18 months, to 10/31/2002. At same time, ISO informed FERC that it had adopted a circuit breaker proposal that would be iplemented this summer. Enron is coordinating responses to these actions with Morgan Stanley. FERC granted both requested extensions, but only for six months until 10/31/01.  On May 9, FERC also granted a complaint by [NAME] that had challenged ISO's authority to implement a circuit breaker wiithout filing the proosal with and obtaining FERC's approval. ISO filed its proposal with FERC on May 17, and protests are due 5/31. FERC approved the circuit breaker through October. In October, the NYISO requested FERC to extend the bid caps and TEP authority for an additioanl six months, and the circuit breaker for an additional year. Enron participated in the filing of protests by EPSA (to the former) and IPPNY to the latter. On October 26, FERC granted extension of the bid cap and TEP authority until such time as the Northest RTO becomes operational. A decision on the circuit breaker is pending.
 |  |  | Virtual Bidding | Fromer/Novosel |  | Adoption of virtual bidding by NYISO | 2001-10-31 00:00:00 | On 3/5, Enron filed a protest with FERC urging that virtual bidding be implemented in NY by this summer, at the same time as zonal price-capped load bidding is to be implemented, rather than in November. Final rules implementing virtual bidding were approved by the NYISO in August and filed with FERC, to be effective November 1, 2001. FERC approved virtual bidding on 10/26, and the ISO expects to begin implementation on 11/7.
 |  |  | Block Transactions | Fromer/Novosel |  | Adoption of block transactions by NYISO | 2001-09-30 00:00:00 | Final rules implementing the bidding of imports and exports for blocks of hours were approved by the NYISO, filed with FERC in September, and are proposed to be implemented on December 1, 2001
 |  |  | DAM Price Posting Time | Fromer |  | Adoption of consistent time for posting of day-ahead market prices | 2001-10-31 00:00:00 | At request of desk, requested NYISO to modify its existing practice and start posting DAM prices at a consistent time every day. Initial ISO staff response was favorable, and request has been referred to a committee for discussion.
 |  |  | First Energy/GPU | [NAME] |  | Possible impact on deferral levels at end of transition in NJ.   BGS (default) Supplier rules for GPU NJ & PA. | 2001-10-31 00:00:00 | Intervened, to take steps to gain favorable regulatory outcome from Enron perspective.  PA PUC has issued its approval but deferred decision on rate incresase.  NJ BPU Staff had issued Brief recommending against approval.  Negotiations resulted in settlement which was accepted by ALJ by which FE will reduce deferral by $300 million, favorable form URM standpoint.  Enron was active in negotiations in which FE agreed to file a pilot program to open 400 MW of load to competitve supply. On 9/26/01, BPU approved merger settlement clearing way for final SEC approval.  As part of related negotiations, First Energy will file proposal for retail BGS pilot program for approx. 30% of residential customers and 100MW of C&I.
 |  |  | Pepco/Conectiv | [NAME] |  | Possible impact on deferral levels at end of transition in NJ.   BGS (default) Supplier rules for [NAME]. | 2001-10-31 00:00:00 | Intervene, monitor proceedings and take steps to gain favorable regulatory outcome from Enron perspective.   ALJ held initial prehearing conference on 7/23.  Enron has filed Motion to intervene in this proceeding.  Proceeding is continuing with discovery phase but case has been delayed by approx. a month due to changes at OAL.
 |  |  | NJ Competitive Basic Generation Service (BGS) | [NAME] |  | NJ BPU will determine whether BGS may be competitively bid and supplied for last year of transition (8/01/02-7/31/03). | 2001-08-31 00:00:00 | Actively participate in proceeding to establish favorable retail program for EES.  Filed discovery questions in July on EDCs' joint proposal for wholesale auction.  Worked with EES and EWS to develop alternative proposal based on retail supply which was filed at Board on 8/29/01.
 |  |  | ConEd | Rishe/Floris |  | EES not receiving utility T&D bills for multi-site account, Tri-con. Unable to consolidate and bill EES energy charges for past three months (73 locations). | 2001-10-31 00:00:00 | Gather information on problem from EES and CSC, set-up meeting with ConEd to enlist utility support and explore how to resolve problem. Met with ConEd on 8/23, which agreed to issue re-bills, and make address changes in attempt to resolve problem.  Worked with ConEd to establish formal billing agency agreement to minimize potential future problems. Bills being received on regular basis. EES executed Billing Agency agreement began testing process with ConEd. CSC on behalf of EES successfully completed testing with ConEd which will greatly facilitate the process for billing the growing number (1000+) customer being signed-up in the ConEd territory.
 |  |  | Utility Risk Management | [NAME] |  | Deferrals build-up in do to generation cost, societal benefits charges.  TEFA roll-off in NJ.  Default rate and Standard Offer rate increases in Mass. | 2001-10-31 00:00:00 | Continue to update utility risk management group on regulatory and tariff issues that can impact price curves.   Reviewed curves for key NJ and Mass.  Continued to update status of GPU/FE merger negotiations  re: impact on GPU curves.  Developed listing of NUG/PPA contracts for each EDC.  GA is in process of getting copies of actual contracts for further analysis by URM. Process on-going.
 |  |  | GridFlorida | [NAME] |  | FL PSC RTO Prudency Rate Case Docket | 2001-09-30 00:00:00 | Filed Motion to [NAME] and monitoring the ongoing proceedings.  Provided internal update to eastern trading desk.
 |  | Regulatory Ventures | Certificate Market | Allegretti/ [NAME] |  | Development of a certificate trading program for environmental attributes | 2001-09-30 00:00:00 | NEPOOL and state regulatory support has been obtained.  RFP for 3d party administrator issued.  Responses received.  Contract awaiting NEPOOL approval.
 |  |  | Texas Liquidity | Montovano |  | Liquid Gas Joint Venture | 2001-11-01 00:00:00 | Facilitate discussions between Texas Liquidity/ENA to develop a JV/Partnership on existing facility in NJ.  C.A. signed.
 |  |  | NUI | Montovano |  | BGSS | 2001-11-01 00:00:00 | Discussing possible alternatives to BGSS proposal including utilizations of NUI Florida assets.
 |  |  | EBS/Global One Discussions | Montovano |  | Set up meeting which resulted in Global One agreeing to consider a large scale purchase of US capacity from EBS. | 2001-04-25 00:00:00 | Target date to agree to basic principles is mid-May.
 |  |  | Florida RTO(GridFlorida) | [NAME] |  | Transsmission Access,PTR allocation,Market Design | 2001-05-31 00:00:00 | Activities are currently on hold awaiting FERC's decision on the SouthEast RTO.
 |  |  | PSEG | Montovano/Muhl |  | Asset Management | 2001-04-25 00:00:00 | finalizing negotiations with PSEG whereby ENA will manage 20% of the PSEG capacity portfolio and be responsible for the same amount of PSEG's BGSS. BGSS is the default service , which as mandated, is to be provided until the BPU determines otherwise. We are including current deal to include power transactions. Finalized letter of Intent which includes a 3 part deal.
 |  |  | PSEG (2) | Montovano |  | Begin discussions to develop an Enron Online proposal which would guarantee a minimum use of EOL transactions | 2001-04-25 00:00:00 | None
 |  |  | PECO | Montovano |  | [NAME] | 2001-03-16 00:00:00 | New Power company has won PECO's default bid
 |  |  | NJN (fuel cells) | Montovano |  | Joint Venture between Enron and NJN regarding fuel cell development in NJ | 2001-04-25 00:00:00 | Deal probability is greater than 90%. Letter of intent was signed 2/28/01. Follow-up meetings held. Financials reviewed.
 |  |  | NJN | Montovano |  | Asset Management | 2001-04-25 00:00:00 | is not as far along as PSEG's asset mgmt deal, but is more comprehensive and will allow ENA greater flexibility. It is a 5 year deal with control of assets going to ENA in year three. Early business options include balancing and stand-by services. Reviewed NJN proposal with SVP supply and rates regarding default service. Met with Sr. Vice President of Supply and Sr. Vice President of Regulatory Affairs to review gas model.
 |  |  | NJN | Montovano |  | Weather Derivative | 2001-11-01 00:00:00 | Discussing potential weather product to offer NJN customers through NJN affiliate.
 |  |  | Long Island Power Plant | Montovano/Ben Jacoby |  | Development of Power Plant in Long Island | 2001-04-25 00:00:00 | Facilitating discussions with [NAME] (ENA) and interested party in Long Island.
 |  |  | Amerada Hess Gas Deal | Montovano |  | To offer capacity type deal in New England and also assist [NAME] in managing the capacity of Washington Gas Light (WGL) | 2001-04-25 00:00:00 | Facilitating discussions with Amerada Hess
 |  |  | Reedy Creek | Montovano/Robinson | TBD | Gas Projects | 2001-10-31 00:00:00 | Developing relationships with cities and scheduling meetgins with ENA for potnetial business transactions.  Meetings scheduled got 11/13 and 11/14.
 |  |  | [NAME] | [NAME] |  | Generic competition case to determine retail access rules | 2001-08-31 00:00:00 | On 8/9/01, we filed (via NESPA) a brief on exceptions responding to the RD by asserting the Commission should adopt the Judges’ end-state vision, but should adopt a more pro-active posture to get there.  Additionally, we asserted that the RD is too pessimistic regarding wholesale markets; the RD correctly condemns long term fixed price utility rate plans; and the Competition Council should be rejected.
 |  |  | System Benefits Charge | [NAME] |  | Potential commercial opportunity | 2001-03-17 00:00:00 | Working with EES to explore potential commercial opportunities connected with NY’s increased System Benefit Charge Fund.  In January, the PSC unanimously voted to extend the SBC which had been scheduled to expire in June. The PSC's new fee formula will result in an increase from $78 million to $150 million annually collected for a series of programs.
 |  |  | Project Millenium | Fromer |  | Development of 480 MW peaker plant in Bronx, NY | 2001-05-31 00:00:00 | Met with senior NYPA official to discuss our interest in developing a peaker plant on a site that they are currently developing for a 79 MW emergency generator project to come on line this summer. Followup meeting with our originators, lobbyist and NYPA held May 22 at which NYPA reversed itself and indicated little support for moving ahead. Lobbyist working on followup meeting with NYPA Chairman.
 |  |  | Project Ontario | Fromer |  | Outsourcing Opportunities | 2001-09-30 00:00:00 | Initiated discussions with NIMO regarding their interest in outsourcing arrangement with Enron. Led to issuance by NIMO of RFP valued at $1.3 billion per year for five years. ENA submitted non-conforming response to RFP. Working with originators on followup. Contract awarded to Tractabel.
 |  |  | Philips | Fromer |  | Retail opportunity | 2001-03-16 00:00:00 | Provided lead to EES for possible electricy and gas commodity deal for large manufacturing plant in Bath, NY.
 |  |  | Lockheed Martin | Fromer |  | Retail opportunity | 2001-03-16 00:00:00 | Provided lead to EES for possible electricy and gas commodity deal for large manufacturing plant in Syracuse, NY.
 |  |  | Cornell | Fromer |  | Retail opportunity | 2001-03-16 00:00:00 | Provided lead to EES for possible electricity and gas commodity deal for Cornell University campus in Ithaca, NY.
 |  |  | Food Industry Alliance | Fromer | $1.3 m | Retail opportunity | 2001-09-30 00:00:00 | Provided lead to EES for possible electricity commodity deal for NYC based members of State Trade Organization (and my landlord). Deal closed summer 2001.
 |  |  | MI | Fromer |  | Retail opportunity | 2001-03-16 00:00:00 | Provided lead to EES for possible 200+  MW electricty commodity deal for a large group of industrial customers in upstate NY. Negotiations with individual members of industrial group have evolved.
 |  |  | MARS. Inc | [NAME] |  | Contacts made with national energy coordinator and operations efficiency manager.  Need to see how Enron (EES or EA) could best offer service, i.e;  local supply, national outsourcing, etc. | 2001-07-30 00:00:00 | Meetings set for April 10, to discuss opportunities to work with customer on energy and other projects.  [NAME] is legal counsel for Mars and can support as needed.   Had meeting with their national energy manager on April 30, to explore potential  opportunities.  Initially customer wants to discuss supply options for Texas facilities. Further discussions to follow to identify other priorities.   Mars also talking with Enron Media Service.  Arranged 6/26 visit for R. Winter, Mars, to meet in Houston with Nate Ellis, [NAME],  [NAME], Large Commodity, [NAME], et [NAME]Had F/U discussion with R. Winter, expressing Enron interest in continuing discussions with Mars.
 |  |  | NY Fuel Cells | Fromer |  | Grant money opportunity | 2001-05-31 00:00:00 | Arranged a meeting between originators and NYS Energy Research and Development Authority to discuss funding opportunities for fuel cell development in the State.
 |  |  | NY ICAP | Fromer |  | Revising ICAP rules to make them more logical and enhance liquidity. | 2001-09-30 00:00:00 | Chair NYISO working group responsible for ICAP requirements. Developed tariff changes to adopt PJM's "unforced capcaity" allocation method and to move to a monthly procurement requirement (currently six months). Tariff changes approved by Committees, NYISO Board and FERC in August, to be effective November 1, 2001, the start of the winter capability period.
 |  |  | Jamestown | Fromer |  | Asset Management with the Jamestown Municipal System | 2001-10-31 00:00:00 | Arranged a meeting between [NAME] and [NAME] to discuss a possible asset management opportunity.
 |  | [NAME] | RTO | Novosel/Allegretti        Fromer/Hoatson           Staines |  | FERC ordered mediation for single Northeast RTO | 2001-09-30 00:00:00 | Active participation in 45 day mediation process. Goals are to obtain one RTO Board, one PJM-like market, FTR Auctions  one Oatt and one operator with a single dispatch.  Working on comments on judge's report.  Follow-on meetings with state and ISO officials has produced additional support for our agenda.
 |  |  | RTO | Robinson/Staines |  | FERC ordered mediation for single Southeast RTO | 2001-09-30 00:00:00 | Have spent the last month with many visits to State Commissioners and industry representatives.  In addition, many conference calls to industry reps to encourage their backing on the current FERC decision.
 |  |  | NEPOOL Governance | Allegretti/ Novosel |  | Changes to NEPOOL Governance | 2001-09-30 00:00:00 | Filing with FERC in support of consumer group complaint.
 |  |  | NEPOOL Markets | Allegretti |  | Improvements to NEPOOL market | 2001-11-01 00:00:00 | Enron is demonstrating leadership and obtaining better information by chairing NEPOOL Participant Committee.  Continued monitoring of market rule changes affecting financial congestion rights to protect existing Enron positions.
 |  |  | Florida RTO | [NAME] |  | Tanssmission Access,PTR allocation,Market Design | 2001-03-16 00:00:00 | The Joint Applicants(FPL,FPC&TECO)have filed their market design proposal to FERC and are awaiting a ruling.The overall design proposes a Physical Flowgate CMS system with a Zonal clearing method. The two major flaws in the design is the proposal calls for allocation of PTRs to the present incumbents and a balanced Real Time Energy Market .                                                                   Our presnt straegy is to focus ,with our coalition partners(We are leading the group),on developing a Real Time Energy Market that will permit Uncovered and Unbalanced schedules therfore establishing a spot market at real time .
 |  |  | Virginia State Corporation Commission (VSCC) | [NAME] |  | [NAME] | 2001-03-16 00:00:00 | Assisting the VSCC in bringing competition to VA on an accelerated basis, providing Enron with Market opportunities within 12 to 15 months.
 |  |  | PJM RTO | [NAME] |  | PJM filed with FERC that is currently satisfies all critieria necessary to be classified an RTO. | 2001-03-16 00:00:00 | Enron protested that PJM does not satisfy criteria for scope and size (too small) and other issues and should not be granted RTO status until PJM is expanded to include New York and New England. (Enron recently met with PJM's Executive Director to discuss support for RTO approval in exchange for PJM support for Enron PJM issues (FTR's, scope and size, ICAP, etc).
 |  |  | GridFlorida | [NAME] |  | Governance | 2001-03-16 00:00:00 | Provided support to D. Staines in the area of governance.
 |  |  | FERC Proceedings | [NAME] |  | Ongoing FERC proceedings addressing RTO development, ICAP, and interconnection. | Ongoing | Enron team member to address the issues raised by FERC in the recently initiated several proceedings addressing:  ICAP; RTO development (including a NOPR for market design); and interconnection.
 |  |  | Northeast RTO Developments | [NAME] |  | Regulatory support for development of a single northeast RTO. | Summer, 2001 | Developed initial set of material for meetings with regulators to present Enron's position on the Northeast RtO development and to solicit supoport by regulators.  Met with the NJBPU acting President, Pennsylvania Chairman and staff, and the Pennsylvania Governor's Office of Policy to discuss the  RTO.
 |  |  | [NAME] | Sullivan/Fromer |  | Generic energy competition case | 2001-03-16 00:00:00 | participating in weekly  [NAME] conference calls and montioring all relevant proceedings in NY. Also participating in ongoing provider of last resort proceeding.
 |  |  | Breakfast Club | Fromer |  | Developing a NY Campaign to Affect Policy and Public Opinion | 2001-05-31 00:00:00 | Organized meeting of marketers to form coalition to undertake PR campaign. 8 companies have already agreed to financially support effort. Next coalition meeting scheduled for 3/27 in NYC, at which PR firms will be interviewed. PR firm hired and message points and delivery plan developed. However, coalition decided on 5/29 not to go forward when not enough companies were willing to be identified as part of the coalition. Efforts to use research and work product through different entities (e.g. IPPNY) being pursued.
 |  |  | Hedging | Fromer/Michael Brown/Janelle Scheuer |  | Educate PSC senior staf on importance of hedging strategies by LSEs, and range of products. | 2001-03-16 00:00:00 | Arranged for meeting with senior PSC staff to be held on 3/20.
 |  |  | Spitzer | Fromer/Kean |  | NY market structure | 2001-03-16 00:00:00 | Participated in meeting with NY Attorney General [NAME] to discuss Claifornia situation and lessons to be learned by NY. AG will be issuing his own report on NY's restructuring efforts shortly.
 |  |  | [NAME] | Fromer/Vance Meyer |  | Status of NY markets | 2001-03-16 00:00:00 | Prepared article for E-Biz summarizing likely NY market conditions this summer.
 |  |  | Customer Response Programs | Fromer |  | Development of customer response programs | 2001-10-31 00:00:00 | Met with PSC Chair on 3/7 as part of a price responsive load coalition we helped form to discuss status of demand response programs in NY and need for tax credits. Two highly successful programs adoped in NY for this summer. Produced over 600 MW of peak reduction and kept lights on during record heat wave in early August. Working with ISO Committees to revise programs to recognize weather adjustments when calculating a customer's load response, as is currently done in New England.
 |  |  | Renewal CreditsTrading | Rishe/Bolton |  | Need to move NJ BPU off its position favoring contract tracking program. | 2001-08-31 00:00:00 | Finalize strawman for credits trading program, enlist support of other stake holders, gain acceptance for program at NJ BPU and PJM.   Met with BPU Staff on 6/19.  Additional discussions with BPU, NJDEP and PJM  to follow.  Provided local regulatory support for meeting with NJ DEP on Aug. 20th.
 |  |  | FL Hedge | [NAME] |  | Incentive program for IOU's to Hedge | 2001-09-30 00:00:00 | Facilitated presentation by ENA before the PSC on creating incentive hedge program.
 |  |  | CON ED | [NAME] |  | Retail access rules | 2001-03-17 00:00:00 | Participating in meetings with the PSC on [NAME] Phase IV Retail Access Plan.  Providing weekly updates to EES' [NAME] marketing team.
 |  |  | NIMO | [NAME] |  | Retail access rules | 2001-05-25 00:00:00 | EES is actively marketing in NiMo service territory.  NiMo has recently filed a petition with the PSC for approval of its merger with National Grid and for approval of its updated retail access plan. We are monitoring negotiation sessions have been scheduled for May 30 & 31 to discuss the Companies' Joint Proposal.
 |  |  | UNBUNDLING CASE | [NAME] |  | “bottoms-up” unbundling rate proceeding for each of the major gas and electric utilities in NY | 2001-05-25 00:00:00 | Proceeding to develop “bottoms-up” unbundled rates for each utility by Spring 2002. A collaborative proceeding has begun to develop questions and a generic policy to guide the utilities’ individual embedded cost studies. Ongoing discussions with the PSC as to what elements should be considered in the cost of service studies; technical sessions to debate which elements should be included in the COS studies are being held on May 31 and June 6th.
 |  |  | FERC Research | [NAME] |  | Open access transmission | 2001-05-25 00:00:00 | Conducted research and drafted a memo for [NAME] on the issues of whether Eon’s plan to merger with Powergen (who is merging with Louisiana Gas & Electric) may give Enron leverage to argue that FERC should require Eon to provide open access transmission service in Germany.
 |  |  | RG& E | [NAME] |  | Retail access rules | 2001-03-17 00:00:00 | Monitoring regulatory developments in Rochester Gas and Electric utility including the proposed merger with Energy East (parent of NYSEG).  Both boards of directors have unanimously approved a definitive merger agreement and it is expected that they will submit a filing with the PSC within the next several weeks.
 |  |  | NYSEG | [NAME] |  | Retail access rules | 2001-03-17 00:00:00 | Participating in meetings with the EES to update sales teams on recent regulatory developments including the PSC order adopt a market based retail access back out credit
 |  |  | Hartwell LLC | [NAME] |  | Interconnection study | 2001-05-30 00:00:00 | Working for [NAME] to try to expedite the interconnection study to be performed by Ga. Transmission Corp.