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One proposal that is expected to be filed with the Federal Energy Regulatory Commission is a return to cost-based rates, where the price for power would be predetermined based on generation costs.
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The company wants to temporarily put an end to market-based rates.
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The utility will also request that California's independent system operator reduce the wholesale power price cap to $100 a megawatt-hour from Company officials said those steps would allow them to recover billions of dollars in unpaid power costs and would stabilize wholesale power prices and protect retail customers.
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PG&E said generators would still be able to make a profit on power sold in California with the reduced cap, and the company doesn't believe the state's power supply would be in jeopardy from such an action.
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-By Jason Leopold, Dow Jones Newswires; 323-658-3874;
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Sorry, copied distribution list off of Maureen's note from Friday saying no call with the governor and assumed that you two were on it.
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cool.
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sorry i couldn't be of more help.
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it's meltdown in the land of fruits and nuts.
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FYI.
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CPUC accept our deal on information related to the subpoena?
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Best, Jeff
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Chris: Sorry for the bother, but edo you have a an electronic version of the Whaley slides?
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If so could you email them to me.
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Or, if you have hard copy, could you fax to me at 415.782.7854?
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Thanks very much.
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Good start.
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Could you drop them into power point and forward along.
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I'll try to add them to what I'm doing.
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Thanks.
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where are you?
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415.782.7822.
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call in at 415.782.7822.
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It's literally next door to Woodward.
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nope.
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Hi Kim: Any luck withJackie re: getting together to start the project?
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And if there's anything else I can do re: your meeting on Monday, don't hesitate.
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Leave me a voicemail and let me know how the meeting goes.
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I'll be in Vancouver with the EBS gang Monday/Tuesday, and if all goes well maybe I can chat up some folks while I'm there.
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Best, Jeff
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Thanks.
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I agree with the recommendation.
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Thanks for the info.
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That guy was truly out of control at the S.D.
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hearings.
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Glad to hear that his rotten bills aren't going anywhere.
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Who's gonna win the election?
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Hope you and your ankle are doing well.
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Best, Jeff
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Greetings: Well, there's a finance midterm coming up and some of us have discussed getting together the weekend before for a study session.
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I just grabbed an old list from last year so apologies if I've included folks who ain't even in finance, or if I've left some folks off.
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Sorry to those who received in error, and please forward to anyone else who might be interested.
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Anyway, anyone interested?
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Hope all is well with all.
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Best, Jeff
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Great idea.
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My understanding is that the cap is $2500, but that the PX has filed with FERC to change it ot $350.
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My understanding is that FERC has not acted on the request to change it to $350, but I could be wrong.
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Dave, Mary, is this your understanding?
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I think it would be a good idea to have Ron Carroll in Watkiss' shop to do a parallel analysis to what we're going to have Mike Day do.
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Ron's very good and has done much work on these sortrs of issues.
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You comfortable with that?
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My pleasure.
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By the way, we're not talking after what the NY baseball teams did to the poor Bay Area teams.
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Best, Jeff
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I think it's fuzzy enough that two good lawyers could give two different views--wanted to ensure that all analytic bases are covered.
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But I just talked to Mike and he and I think, at least preliminarily, that the PUC could do this absent legislation.
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He's going to do the analysis.
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Likely better to let Mike go ahead and do the analysis and if we want to get other opinions, we can make that decision at that time.
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One last thought: If the PUC could do it, that might be Davis' preference.
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That way, he and his people are in charge.
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But it may be difficult (impossible) for the Legsilature to resist and Davis may not have the clout to get them to back off.
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I've been asked for a copy of the transcript from the FERC hearing in S.D.
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Any chance of getting that?
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And do you folks have a copy of the Peace letter (treatise) sent to FERC last week?
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If so, could you fax it to 415.782.7854?
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Many thanks.
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Best, Jeff
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Thanks, Mary.
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Did the PUC accept our deal re: information from the subpoena?
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Monday/Tuesday--Vancouver, BC for EBS meeting Wed--In office Thurs--In office Friday--In office
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Steve: I think I already forward these to you, but if not, they're the prices that Henderson came up with for fully shaped prices to the utilities.
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May be useful re: conversations with the Street about getting the utilities out of procurement.
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Note that the date on the prices is 10.02.00 so they're somewhat stale, but arguably still indicative.
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I'm also going to give you the prices Belden just gave us (prior to the run up yesterday, though) for prices at SP15.
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Best, Jeff
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You're in. Yes, I was thinking of offering up my office.
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Also, what do you think about getting together real soon to start setting up the model for our finance paper?
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We'll have to do the research, but I think setting the model up will be about 75% of the project.
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Best, Jeff
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Some documents that Bowen & Co. did on CLEC v. IXC that may still be pertinent.
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i love you sweetie.
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you know it, too.
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it's that butterfly place we don't like cuz it's right next door.
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Here are the very indicative prices Tim gave us for 5 year deals at SP15.
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They'll likely change by the time we meet with Sempra on Thursday.
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25 MW, on peak (6X16): $53/MWh 25 MW, base load (7X24): $45/MWh 500 MW, on peak (6X16): $55/MWh 500 MW, base load (7X24): $47/MWh
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My pleasure.
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Beautiful.
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Tuesday it is.
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Have a great weekend.
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Thank you.
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Looks like the gov's office would benefit from charm school.
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FYI.
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thanks, jeremy.
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my understanding is that it was sent in today.
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i'm supposed to get a copy.
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when i do, i'll forward along to you.
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Got bounced back first time.
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Trying again.
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