text
stringlengths
1
4.46k
employee_id
stringclasses
45 values
He labeled Active Power, a company that is pioneering flywheel technology, as a "buy" and Capstone Turbine Corp., a leading manufacturer of microturbines, as "attractive."
dev33
The companies are in addition to two fuel cell companies he currently follows.
dev33
Ballard Power is currently a buy, and Plug Power is rated neutral.
dev33
Thanks very much for the info, Hedy.
dev33
Folks: As you recall from out meeting on Tuesday, we decided that I'd pull together a brief description of our key priorities and the actions underway to achieve them.
dev33
The status report will be updated weekly.
dev33
We'll use the weekly update as an important internal communication tool to keep folks abreast of activities and developments in CA.
dev33
It will also serve as a a tool to help identify the need to modify our priorities and/or actions in light of ever-changing circumstances.
dev33
We were going to try to get the first report out this week, but with the meeting in Houston, Sue's doctor appt and Karen's meetings with Marathon, we'll get the first one out Monday.
dev33
My notes suggest that (today's) key priorities---understanding that everything's subject to change on a daily basis---are: No refunds End wholesale price caps as soon as possible Get forward markets working in CA Expedite plant siting No early roll of/maintain the rate freeze (till ~01/02) Maintain current PX credit framework (till ~01/02) Please forward to me the actions underway and planned in the area for which you've been designated "lead."
dev33
Given how fluid things are, It seems prudent to limit "planned" items to those we've got planned for the next 2-4 weeks.
dev33
I'll compile for distribution by COB Monday.
dev33
My notes show the following leads: Also please let me know if my notes w.r.t.
dev33
leads is consistent with yours.
dev33
Thanks very much and have a great weekend.
dev33
Best, Jeff
dev33
Rick, Jim, Harry: You will have the first status report for California by COB on Monday.
dev33
We will update that report weekly.
dev33
If there's anything you need between now and Monday, please let me know.
dev33
Have a good weekend.
dev33
Best, Jeff FYI: Yesterday, the California PUC rejected the utilities request to, among other things, raise rates and end the rate freeze.
dev33
The status quo prevails, at least for now.
dev33
Well, you two really raised the bar with that celebration.
dev33
It was just fantastic.
dev33
Prentice said it's the best birthday she's ever had.
dev33
Thanks so much for everything.
dev33
It was really neat.
dev33
The votes have been counted (kidding), and the call will take place today at 3 PM PST.
dev33
Call-in number to follow.
dev33
Could you please set up a call and distribute to this list?
dev33
Topic: utility forward contracting proposal.
dev33
Time 3-4:30 pm PST.
dev33
Thanks very much.
dev33
Sounds very good.
dev33
Might be useful to get a "reputable" economist to write a paper that 1) describes traditional means for defining, identifying and mitigating market power, 2) compares those with the "new" means folks are coming up with these days, and 3) comments on the "split" in the academic community over the issues.
dev33
When Steve Kean and I discussed the notion initially, thought it might be a good idea to gently "pile on" to the public discussion with the goal of making clear 1) just how complex this issue is and 2) how important it will be to have a thorough analysis (say, about 12+ months worth?) before rushing to judgment on anything Joskow might allege in his paper.
dev33
Thoughts?
dev33
Best, Jeff
dev33
I believe that on Thursday/Friday?
dev33
you sent a note with some suggestions on proposed solutions.
dev33
Darned if I can find it.
dev33
Could you resend it?
dev33
Or, in the flurry of activity, am I mistaken, and the last dispatch I got from you was the note you sent on the 6th?
dev33
Apologies, Jeff
dev33
I've been buried.
dev33
What did we hear from FERC last week?
dev33
Was that from Larcamp's their visit to Houston?
dev33
I ain't forgot.
dev33
Your proposal is a "touchy" one, and let's just say that it's required some nimble dancing in the attempt to gauge where folks sit, if you get my drift.
dev33
I'm still on the case, however.
dev33
who's on so far?
dev33
Mon-Thurs: SF
dev33
Mike: Please forward the letter to Jeff.
dev33
Jeff, we'll be signing the letter.
dev33
Look like something TW can sign.
dev33
Give me a ring when you get a chance to look at it.
dev33
Best, Jeff
dev33
Given the messy spot that SDG&E in particular and SoCalGas find themselves in due to what's happened to gas prices at the Cal border, it might not be a bad time to check in with our friend Neil Schmally (sp?) at Sempra to see how Enron might help?
dev33
In case folks haven't already heard through other sources, a reliable person told me that PG&E is hedged for core gas requirements: financial--for 45% of core volumes at prices "in the single digits/decatherm" physical--for 15% of core volumes (via storage) at prices "less than the financial hedge" SDG&E is naked.
dev33
SoCalGas is likely in the same boat as SDG&E, or worse, since they optioned core's storage gas to noncore customers, and, those customers are exercising.
dev33
You're a star.
dev33
I owe ya.
dev33
Next time you're in town, let me know in advance.
dev33
Maybe we can have lunch or something.
dev33
Hope all is well.
dev33
Best, Jeff
dev33
OK.
dev33
You and I are the last ones to get the info....Here it is.
dev33
Good luck.
dev33
Only if it's not a bother.
dev33
You're very sweet to forward along.
dev33
You must feel GREAT being done!
dev33
can't wait.
dev33
Talked to Eric.
dev33
He'll give Kari a ring and pass along message.
dev33
Best, Jeff
dev33
Paul: Here's additional info for the "curtailment" data that we're pulling together.
dev33
Utility Pricing for Core Gas Customers Prior to the month in question, the utility forecasts gas prices based on NYMEX monthly prices.
dev33
So for example, based on November's forecast, the utility sets prices to be charged to core consumers in December.
dev33
When December's over, the utility compares forecast prices with actual prices.
dev33
If the forecast was too low, and there's an undercollection, the utility will increase January's price forecast by "just enough" to make up for the December undercollection.
dev33
If prices were too high and there's an overcollection, the utility will reduce January price forecast by just enough to refund the overcollection.
dev33
If the overcollection/undercollection is very large, the utilities have generally spread out the "true-up" over several months to avoid "rate shock" one way or the other.
dev33
However, under the current circumstances, the utilities may be less willing to spread it out, and may wish to recover the entire undercollection in the following month.
dev33
In short, there's at least a one-month lag in customer prices to account for differences in forecasts versus actual.
dev33
Refer such calls to Karen Denne in Houston.
dev33
Thanks.
dev33
I don't want to create an hassles.
dev33
Don't feel like you have to get the thing all fixed up by Friday if it not's a cake walk.
dev33
"Eldon Sellers" Please respond to eldon
dev33
If all goes well, I'll have some info to distribute before the meeting regarding forward purchases.
dev33
I'll be ready to discuss it at the meeting, too.
dev33
Professor Berk: Very interesting to hear the perspectives of a South African ex-pat last evening.
dev33
Today's been very hectic, but I'll get back to you on the possibility of having Enron sponsor internships for the financial engineering program.
dev33
Until we've had a chance to talk, could you wait before forwarding my name along to anyone else in the fin eng group?
dev33
Much appreciated.
dev33
Best, Jeff
dev33
Thanks---couldn't agree more on the "crisis here"/"need education" assessment.
dev33
The more we educate folks, the more they agree with our views and positions.
dev33
bed situation is as follows: everyone will be naked and in the same bed; your parents may excuse themselves if they wish.
dev33