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Best of luck and very much looking forward to working together. | dev33 |
Best, Jeff | dev33 |
I'll believe it when I see it. | dev33 |
Seems like a good idea to keep the heat on | dev33 |
Thanks. | dev33 |
I'm glad they want to follow-up with Steve (I've been pushing it) and I've got some follow-up as well based on chats I had in the afternoon on Friday with folks post-call. | dev33 |
Let's regroup on Monday. | dev33 |
I'll be in Portland but can call you. | dev33 |
Best, Jeff | dev33 |
Attached for your review are draft talking points for the Cal Energy Markets conference I'm speaking at on Thursday in SF. | dev33 |
All comments, suggestions, etc. are appreciated. | dev33 |
Thanks. | dev33 |
Yes, I would like to participate. | dev33 |
Thanks. | dev33 |
thanks a million. | dev33 |
talk to you then. | dev33 |
Attached is a rough draft of my talking points for a panel I'll be on at a CEM conference in SF on Thursday afternoon. | dev33 |
Have distributed to Western GA team (plus Steffes) for comment and thought you may have some, too. | dev33 |
Topic for panel, "PUC Priorities." | dev33 |
Goal is to (politely?) refute Loretta Lynch's and Carl Woods' continued assertions that 1) California's move to deregulate was based solely on ideology with no basis in fact and 2) the solution is to turn back the clock to command-and-control regulation. | dev33 |
The FERC order tomorrow is likely to alter the points somewhat. | dev33 |
Comments are much appreciated. | dev33 |
Best, Jeff | dev33 |
Chris: As we discussed yesterday, Laird and I spoke and we think that the presentation is good to go for Thursday. | dev33 |
We'll need to update the numbers for the offer we made to S.D. | dev33 |
last week. | dev33 |
You had mentioned that you might want to include a shaped product. | dev33 |
You still considering it? | dev33 |
Let us know and we can add it, and make any other changes you'd like to make at this end. | dev33 |
My flight gets into S.D. | dev33 |
at at 8:35 on southwest. | dev33 |
Best, Jeff | dev33 |
Sandi sez it's actually happening at 10 AM and it's renewable-focused. | dev33 |
Here are the messages as I understand them. | dev33 |
Please let me know if I've misconstrued anything. | dev33 |
Thanks. | dev33 |
FERC got a lot right in the order and we're very encouraged as a result. | dev33 |
In particular, ending the PX buy/sell requirement and permitting utilities to manage risk through a portfolio of short and long term contracts is a fundamental step in the right direction. | dev33 |
However, the proposed price cap is unworkable and will jeopardize realibility in California. | dev33 |
As structured, it will: discourage the development of new generation to serve California fail to provide adequate incentives for demand responsiveness. | dev33 |
force Enron to abandon 300 MWs of new power projects planned for California. | dev33 |
We look forward to participating in FERC's process and are hopeful that FERC's final order will fix the deficiencies in the current price cap proposal. | dev33 |
We encourage California to work with FERC to implement the proposals and quickly fix the flaws in the market on behalf of the state's consumers. | dev33 |
with "much" of what i said? | dev33 |
Got calls in to Richard at PG&E and Reed at Sempra. | dev33 |
Will report back. | dev33 |
anything you want, honey. | dev33 |
I love you. | dev33 |
Lord help us. | dev33 |
Call whenever you'd like to discuss the call (that Palmer forgot to tell you about). | dev33 |
Thank you. | dev33 |
My bet is that Pat will be at NARUC. | dev33 |
I think that Michael Moore, PhD Economist and CEC commissioner would be very good (I tried Bilas--he's got a conflict) and don't think it's a problem that he and Larson are both on because they'll come with two quite different takes. | dev33 |
P.S. | dev33 |
FERC dropped a bomb on California today. | dev33 |
Apologies. | dev33 |
I'm in S.D. | dev33 |
with Calger and Dyer to meet w/Sempra tomorrow morning. | dev33 |
Will do, thanks. | dev33 |
See you at the Alaska gate. | dev33 |
Thanks. | dev33 |
FYI--I'll be participating on the second panel. | dev33 |
Best, Jeff | dev33 |
Gee, sounds great. | dev33 |
Can't wait. | dev33 |
Congratz on keeping the sky from falling out there. | dev33 |
Best, Jeff | dev33 |
Just got back from Sacramento. | dev33 |
Davis still pandering... | dev33 |
thanks. | dev33 |
let's discuss further. | dev33 |
Wanted to make sure that you knew that today FERC declared the cap that the ISO Board voted out last week "null and void," which means that we're back to the old $250 cap. | dev33 |
FERC proposed a "soft" $150 cap that would take effect in 60 days, however. | dev33 |
Call if you have questions. | dev33 |
Best, Jeff | dev33 |
My schedule has blown apart for tomorrow--traveling. | dev33 |
Possible to meet this weekend to discuss the project? | dev33 |
Either day's fine with me. | dev33 |
Apologies for the last minute change. | dev33 |
Best, Jeff | dev33 |
Is there a suggested time for the meeting? | dev33 |
I'm pretty open. | dev33 |
I'd like to be sure that Jim and Paul and Mary Karen Denne can participate, too. | dev33 |
Do we need to have other commercial folks on the call (e.g., Calger, Belden, someone | dev33 |
are you and scott available this weekend to look at the place i'm thinking about renting in stinson for prentice's birthday? | dev33 |
thank you very much. | dev33 |
Sandi and Dave and Mike will dicuss further on the call on Monday but wanted to disseminate info regarding the meeting that Joe Ronan of Calpine offered on an IEP call today: The meeting was attended by a lot of folks of all stripes. | dev33 |
Wright was very critical of how the Governor is handling the issue and wants to craft a solution with the industry and then invite the Governor to get on board. | dev33 |
Wright threw a whole laundry list of options on the table for folks to consider (Dave's typing up his notes from the meeting for distribution later today) One of Wright's key concern is forward contracting. | dev33 |
The utilities said that Loretta Lynch is the problem with the onerous "prudence" criteria she's imposing on utility forward contracts. | dev33 |
Those onerous criteria keep the utility from contracting. | dev33 |
Much discussion of what California does on the gas side, i.e., set an objective benchmark price; if the utility beats it, they profit; if they do worse, they take the hit. | dev33 |
The utility, under this framework, has broad flexibility to contract forward, i.e., PUC gets out of the way. | dev33 |
(FYI: Coincidentally, I suggested this approach in very broad terms--pointing to the fact that it's already successfully in use on the gas side--during a panel discussion that I participated in yesterday at the California Energy Markets conference.) The utilities told Rod Wright that they did not want, nor did they have the expertise, to get back into the generation business. | dev33 |
I have NO idea how I sent the email to jackie at kim's email address. | dev33 |
apologies. | dev33 |
i'm losing it. | dev33 |
did you guys meet last nite to discuss the project? | dev33 |
If not, do you want to meet this weekend for a wee bit to discuss? | dev33 |
i'm in town. | dev33 |
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