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If there is a deal shaping up, it's happening by and large through the auspices of IEP. | dev33 |
We've thus far decided to maintain an arm's length relationship with IEP, choosing not to get too close to the generators. | dev33 |
If we want to influence any deal they cut, we'll need to assess how closely aligned/associated with them we want to be. | dev33 |
Further we distance ourselves, less likely we'll be cut in. That said, Sue and I have been participating in IEP's (interminable) conference calls and actively weighing in to influence what they do. | dev33 |
There was considerable discussion on the last call about developing some sort of "price cap" proposal that could form the basis of a deal, but no discussion whatsoever regarding refunds of any kind. | dev33 |
There were differences of opinion about the benefits of doing a deal on a cap----Williams is dead set against it, Dynegy & Reliant seemed considerably more pliable. | dev33 |
We reminded folks that there are many other things apart from caps that California could do to "fix" the problem (e.g., site plants, forward contracts, retail market, core/noncore split, etc.), which might obviate the need for caps altogether. | dev33 |
We also recognized the political nature of the situation and expressed a willingness to discuss a cap that might be acceptable, but pointed out our general concerns with caps. | dev33 |
That last meeting provided the impetus for the 28th press conference, at which (hopefully) a large number of stakeholders with urge the Governor and the PUC to get off the dime and do something concrete that can help---develop a rational policy for forward contracting by the IOUs and abandon the "PUC as counterparty" policy that currently exists. | dev33 |
Again, haven't heard a peep about any deal on refunds. | dev33 |
Will check around, though. | dev33 |
Best, Jeff | dev33 |
I'll check with Smutney. | dev33 |
Can you two check with your Dynegy and Reliant contacts in Houston? | dev33 |
I'm available. | dev33 |
How about $1 billion to build some new pipelines in California? | dev33 |
To: Jeff Dasovich/NA/Enron@Enron cc: Susan Scott/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON Subject: A chicken in every pot Hey, Wouldn't this fix everything? | dev33 |
What a great idea- a govenment owned utility. | dev33 |
Who in their right mind would want to give the money back to taxpayers? | dev33 |
I think Enron should cast aside its dependency on free markets,and throw its support behind this well thought out public initiative. | dev33 |
Let us know how Transwestern can help! | dev33 |
Calif. lawmaker pushes for state energy reserve California State Sen. Steve Peace called for the state to set aside $2 billion of a projected $10 billion budget surplus to create a reserve account to serve the state,senergy needs. | dev33 |
A representative at Peace,s office said the senator planned the fund as a &cushion8 to help the state bounce back from energy price shocks like those that hit it lastsummer. | dev33 |
Peace, speaking Monday at a briefing on the upcoming state budget, suggestethat the California Legislature set aside $2 billion to use at a later date. | dev33 |
The funds could be included in the budget that Gov. Gray Davis is scheduled to announce Jan. 10. | dev33 |
Ostensibly, the government could use the funds to purchase some of the state,s transmission grid angeneration assets, or to build new assets. | dev33 |
In his remarks, Peace said some of the $2 billion could be used to build a500-MW generation facility, which he estimates at $300 million, a peaker that could be set upfor $16 million, or a transmission grid such as the $200 million system a California utilityhas proposed for the southern part of the state. | dev33 |
&The use of public dollars to finance development, private-public partnerships, or to capitalize publicly owned utilities are all options which California policymakers mayhave to consider if [FERC] is unable to bring wholesale energy markets under control,8 he said. | dev33 |
Still, representatives at the senator,s office stressed that Peace was nmaking any policy decisions in his statement. | dev33 |
Rather, a representative said, Peace was actingin his capacity as chairman of the Senate Budget and Fiscal Committee and setting aside fundsthat can be available for future use. | dev33 |
Peace,s initiative comes on the heels of a report by the Legislature,Legislative Analysis Office forecasting a $10.3 billion surplus for fiscal years 2000-2002 (a $6billion surplus for 2000-2001 and a $3.4 billion surplus for 2001-2002). | dev33 |
What's the latest tally in Florida? | dev33 |
It gets increasingly important every time Richardson opens his gawd-fersaken mouth. | dev33 |
Unless Loretta Lynch, or worse, Gray Davis are your counter parties. | dev33 |
you do the same, buddy. | dev33 |
Hey, fearless, leader. | dev33 |
You going to distribute that spreadsheet? | dev33 |
And when do we need to regroup. | dev33 |
Happy Thanksgiving. | dev33 |
I'll report by on my conversations with Mike. | dev33 |
Best, Jeff | dev33 |
thank you. | dev33 |
Hey: Just wanted to let you know that I've received all the SDG&E stuff and that you can count on me to completely drop the ball. | dev33 |
Kidding! | dev33 |
I'll take care of it. | dev33 |
I'm still awash in reviews and may not ever leave the building, which is why I'm not responding as promptly as I should. | dev33 |
Best, Jeff | dev33 |
Jim: Have a great Thanksgiving with your family. | dev33 |
It's a great pleasure doing business with you. | dev33 |
Best, Jeff | dev33 |
Well, this shows the direction in which the "new" Commission is heading. | dev33 |
The very good news, though, is that TW's proposal was included in both settlements (now that's hedging!). | dev33 |
Thus, the benefits to TW were preserved under both proposals. | dev33 |
Congratulations. | dev33 |
That's fantastic--hard work that paid off. | dev33 |
We will of course express out extreme dissappointment with the PD, and point out that this decision condemns California to a 20th century infrastructure, when the state's 21st century economy demands much, much better. | dev33 |
We should discuss. | dev33 |
Since the PD empowers the likes of Norm and Florio, it will be important to play very close attention to implementation of Hector. | dev33 |
Sorry to have to be the one to deliver the news. | dev33 |
But we have a knack of making lemonade out of lemons and we'll do out best to do the same here, whatever turns up at the end. | dev33 |
Best, Jeff | dev33 |
monday--LA w/S. | dev33 |
Kean re: meeting w/Gov's staff tuesday--in office thurs/fri--houston re: EBS meetings | dev33 |
are you offering a finder's fee? | dev33 |
i'm cheap. | dev33 |
Thanks, all. | dev33 |
I'll get a compiled answer out later today. | dev33 |
Aleck: I'll take a look at it. | dev33 |
If I have any comments, I'll forward them along. | dev33 |
Also, I may forward along some very slight changes to the numbers on the ISO's RFP "experience," should you decide you want to incorporate those "lessons" into your presentation. | dev33 |
I'll provide any amendments to those numbers by tomorrow. | dev33 |
Best, Jeff | dev33 |
OK folks, here it is. | dev33 |
Sorry for the delay, but those pesky questions ended up being more detailed than I anticipated. | dev33 |
Please take a quick look and let me know if there are any comments---more ambiguities than usual in this one. | dev33 |
I'll await comments and finalize this evening. | dev33 |
Jimmie/Dylan--my apologies, but last Wednesday evening, I found out that I have to be in LA for a meeting tomorrow. | dev33 |
If I make it to class at all tomorrow, I won't get there until after the break. | dev33 |
Could one of you print out the case and bring it to class? | dev33 |
If not, don' t sweat it, I'll email him an electronic and turn in a hard copy to him on Tuesday. | dev33 |
Sorry for any hassle. | dev33 |
Best, Jeff | dev33 |
Thanks. | dev33 |
I'll soften the expropriation language. | dev33 |
I don't think they can disclose the $1 million on the product liability case, since the entire package appears to be one negotation, all the pieces of which likely have to be agreed to, or no settlement. | dev33 |
But you're point's well taken and I'll try to acount for it in the answer. | dev33 |
Finally, I can't see disclosing the fact that I'm infringing on someone's patent in my annual report. | dev33 |
Seems like I'd have a hard time defending myself in court if they sued me, if I'd admitted it to it in my annual report. | dev33 |
If I don't see you tomorrow, have a good week. | dev33 |
see you at the freight. | dev33 |
best, | dev33 |
Greetings Professor: I'm in charge of managing our collective responses to this week's case and have been called out of town on business at the last minute. | dev33 |
As a result, if I make it to class at all tomorrow, I unfortunately won't make it until after the break. | dev33 |
While I think one of my teammates will bring a hard copy to class tomorrow, I wanted to plan for any mix-ups (contingencies?) by emailing a copy as well. | dev33 |
Best, Jeff | dev33 |
Folks: Here's the final. | dev33 |
I incorporated some comments from Christine and emailed a copy to Aceves. | dev33 |
Jimmie/Dylan let me know if one of you can bring a hard copy to class tomorrow. | dev33 |
If not, he's now got an electronic copy, and I'll drop off a hard copy on Tuesday. | dev33 |
Hope to see you (for at least half the class) tomorrow. | dev33 |
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