text
stringlengths
1
4.46k
employee_id
stringclasses
45 values
I should be able to get you something fairly concrete by end of day tomorrow or first thing Wednesday.
dev33
That work?
dev33
Have fun tomorrow.
dev33
Best, Jeff
dev33
That sounds like a very reasonable way to proceed.
dev33
Attached is a very rough draft of solutions/messages for discussion at tomorrow's meeting.
dev33
I'll bring hard copies to the meeting.
dev33
Ok.
dev33
Here they are.
dev33
On exhibit A, I didn't touch numbers are exhibit #s.
dev33
Also, I deleted CAPM, since we ain't got anything yet.
dev33
And I deleted the part that said "ticket sales taxes don't matter much," because now that we have the numbers they could matter, cuz it's really tight between bond payments and tax revs.
dev33
Anyway, that's it.
dev33
I checked and doubled checked the numbers and exihibit #s in the exec sum, but you may want to give one last peek.
dev33
Thanks SO much for pulling it together.
dev33
Best, Jeff
dev33
Hi Mary: Well, the problem is likely just that I'm dense.
dev33
I log in, click on deferral and find a description of what one needs to do (i.e., fill out the form), but I've surfed around the site a bit and can't seem to find the form.
dev33
Am I (probably) missing something?
dev33
Thanks a bunch.
dev33
Best, Jeff
dev33
many thanks, mary.
dev33
and michelle, i'm indebted, as always.
dev33
if you don't hear from me, that means all went well.
dev33
I'm on your man.
dev33
What do you need?
dev33
11 AM PST.
dev33
I'll try to be on but can't promise.
dev33
Can we have a quick call (i.e., no more than 30 minutes) at 9 AM (PST) on Monday to discuss?
dev33
you getting this stuff?
dev33
will be at both meetings and will have detailed proposals beforehand.
dev33
we continue to work on procurement piece and have reached teh same conclusion as you in your note---need something to implement now, as well as a "longer" term solution to IOU procurement.
dev33
you'll be hearing from me.
dev33
yes, thank you.
dev33
see you tonite!
dev33
Folks: The "subcommittee" I've referenced that's trying to come up with a solution to California's train wreck is moving very quickly.
dev33
The group's shooting to have a first cut at a "straw person" proposal sketched out by end of next week.
dev33
The group's meeting on Tuesday to continue to bounce around ideas.
dev33
I'd like to try to have an internal call on Monday at either 10 AM (PST) or 3 PM (PST) to pin down at least a vaguely detailed conceptual framework that I can propose to the subcommittee on Tuesday.
dev33
The agenda items for the internal meeting are: Finalize proposal for benchmark(s) for utility procurement.
dev33
Goal: increase utility willingness to enter into forward contracts by replacing PUC after-the-fact "reasonableness" review with a benchmark.
dev33
(Been working the Portland desk on a "portfolio benchmark" concept.) Determine our view of how to treat term contracts w.r.t.
dev33
the PX credit, i.e., should those contracts be disclosed to the market, or should PUC keep them confidential, calculate the PX credit behind closed doors, and publish the credit ex poste?
dev33
The PX credit depends on the overall utility portfolio, not just the PX price.
dev33
Let me know if 10 AM or 3 PM (PST) works better.
dev33
Harry: I'll assume that you'll contact the folks from EES that need to participate.
dev33
Best, Jeff
dev33
Mark: I don't know how any "concerns" I may have raised reached you, but rest assured that there are no worries from my end.
dev33
I saw the piece on the local news.
dev33
Vacar's on a one-person crusade to kill capitalism, that's certain.
dev33
It was very clear that you were taken horribly out of context, and they did you a great disservice.
dev33
Just between us chickens, it did come up as if you were implying that there's some reasonable likelihood that manipulation's the culprit.
dev33
You can imagine just how sensitive we are to that issue.
dev33
But I don't think that you should sweat it.
dev33
In a very brief conversation with Mike Day I mentioned the piece and that they got you responding to manipulation (i.e., "when'd you stop beating your wife) on camera. So agitated was I that I didn't even bother to bring it up with Herr Fawcett. So again, thanks much for the note, but no big deal. Now for my two cents: Question: "what's the problem?"
dev33
answer: "very bad state energy policy---and here are the five big regulatory problems standing in the way of a solution for California....."
dev33
"market manipulation?
dev33
well, those charges are raised in every industry, whenever prices spike.
dev33
the lion's share of the time, it turns out to be market fundamentals."
dev33
Appreciate your note. Thanks. Jeff
dev33
perhaps you were a little strong in relaying my concerns to someone?
dev33
congratulations?
dev33
condolences?
dev33
anyway, let's talk.
dev33
today's bad.
dev33
you in tomorrow?
dev33
Thanks very much Dave.
dev33
We've got the proposal (and we've got a few issues with it).
dev33
I know that you're swamped managing EES' book, etc. So I'd be happy to fill Dave in on EES' view of CLECA's proposal, the negotiations that are underway generally, and what we're cooking up to try to help the negotitations along.
dev33
Just let me know.
dev33
Also, Dave, be happy to talk to Hanson, and fill them in one what's going on out there if that would be useful.
dev33
Jeff
dev33
sorry for the delay.
dev33
be great to catch up, but with all this energy mess, i've had to cancel going, unfortunately.
dev33
hope you're well.
dev33
Best, Jeff
dev33
fyi.
dev33
most responses back have been for 3 pm (from the traders).
dev33
also, give dennis a call.
dev33
he's polling folks to get views on what ferc's going to do on the 13th.
dev33
best, jeff
dev33
you bet.
dev33
i'm at 415.782.7822.
dev33
Thank you very much for the info.
dev33
FYI.
dev33
Per my voice message to you yesterday.
dev33
Distributed Power: The Next Big Investment?
dev33
With today's electricity demand expanding beyond the reach of available supply, and nationwide electric deregulation efforts providing inconsistent results, distributed power just may be the next big thing, according to Bear Stearns analyst Robert Winters.
dev33
With technology-laden, electricity-hungry companies popping up every time you turn around, and blackouts and brownouts occurring more frequently as large power grids are becoming less reliable, the analyst points towards distributed energy services as a possible solution, and maybe the "next big investment opportunity for the coming decade."
dev33
In Winters' 250 page report, "Distributed Energy Services-The World's Power and Transportation Industries: Set for a Revolution-Part 2," he examines technologies and companies within the distributed energy services sector that might be able to take advantage of the current situation.
dev33
"Thanks to major technological advances and energy deregulation, a wave of new investment in the power industry has just begun. We believe that this coming era in the power industry could resemble the wave of investments which flooded into the telecommunications industry following the breakup of AT&T in the early 1980's," said Winters.
dev33
"Companies and municipalities need to find ways to ensure the availability of high quality, reliable power," added Winters.
dev33
According to his research, microturbines are the best positioned of the "new" technologies that would be able to have an immediate impact on electric generation.
dev33
He based his recommendation on the fact that microturbines are small, quiet, efficient and very versatile.
dev33
"They can be used as a main power source, a back-up power source or as an alternative when there is a spike in traditional energy prices," the analyst said.
dev33
"Microturbines can also be used in remote locations, including developing countries, that do not have access to electricity."
dev33
Another attractive feature of microturbines is their fuel requirements.
dev33
The units often use natural gas, but can also use several other fuels as well.
dev33
In the study, the analyst also examined fuel cells, flywheel technology, and existing reciprocating engines technologies such as diesel engines and Stirling engines, which he noted are enjoying a comeback.
dev33
In addition to the report, Winters initiated coverage on two distributed energy companies.
dev33