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Miyung's in charge of compiling and distributing such articles on a twice-a-day basis. | dev33 |
Thanks a bunch. | dev33 |
Glad to hear that you're on the distribution. | dev33 |
I think it's vital that you attend. | dev33 |
It's a centrist group that's making a lot of progress. | dev33 |
But chances for success will be greatly diminished without PG&E's participation. | dev33 |
Best, Jeff | dev33 |
P.S. | dev33 |
If you're responsible for getting Dan there, you're a genius. | dev33 |
I've written Dan a note telling him that it's absolutely critical that he be there. | dev33 |
Maybe you could ask the other folks on the distribution to urge Dan to come, too. | dev33 |
Best, Jeff | dev33 |
Hi Kari: I know that you and I are both swamped, so I'm writing very briefly to give you a brief update. | dev33 |
But first, thank you very much again for meeting last week. | dev33 |
Greatly appreciated, and look forward to working together to help in any way I can to find solution that is acceptable to all. | dev33 |
Here's the update: Our "subcommitte" is meeting tomorrow to try to close the deal on a proposed solution. | dev33 |
It focuses on 3 key areas: Using the utilities retained assets to moderate prices. | dev33 |
Designing a framework for forward contracting that strikes a much more appropriate balance in CA between state oversight and the need for utility flexibility. | dev33 |
Rate stabilization/Undercollections (utility solvency) I will update you tomorrow on the group's progress. | dev33 |
If thing's go according to plan, we may be in a position to submit something to you a early as Monday. | dev33 |
If there's a deadline from your end that I ought to be aware of, let me know and I'll incorporate it into the subcommittee's work plan. | dev33 |
In the meantime, if there is anything at all that I can do to help, please don't hesitiate to contact me. | dev33 |
Thanks again and all the best, Jeff | dev33 |
who the hell is this bozo? | dev33 |
you forward this to wolfe, belden & co.? | dev33 |
I think we need to be careful about broadcasting every rumor floating around to an email list of this size. | dev33 |
Just a thought. | dev33 |
no problem. | dev33 |
we're cancelling the meeting. | dev33 |
FYI. | dev33 |
Here's the release that I referenced yesterday evening. | dev33 |
CONTACT: Armando Rend?n CPUC PRESIDENT LYNCH AND COMMISSIONER DUQUE STATEMENT California Public Utilities Commission (CPUC) President Loretta Lynch and Commissioner Henry Duque today issued a statement regarding revisions to item 8 on the Commissioner agenda of December 21, 2000: We note certain revisions to the Commission's published agenda for December 21st. | dev33 |
Item 8 has been revised to reflect the scope of options available to the Commission in addressing current financial conditions facing Pacific Gas and Electric and Southern California Edison. | dev33 |
The financial problems faced by California's utilities are the result of the failure of the wholesale electric market to ensure just and reasonable prices for this necessity. | dev33 |
The Commission need not act on this agenda item on December 21st, but the fact that it is on our agenda allows the Commission to act if necessary. | dev33 |
The financial stability of California's utilities is of paramount importance to California, and to this Commission. | dev33 |
The CPUC stands ready to act to protect the financial viability of California utilities. | dev33 |
The exorbitant and unjustified prices now being charged in California's electricity market demonstrate the necessity for the Federal Energy Regulatory Commission (FERC) to intervene and control the opportunism of the electricity sellers. | dev33 |
FERC must act to solve the underlying market failure so that all energy consumers are assured of reliable delivery of power and protected from exorbitant energy costs. | dev33 |
We urge FERC to act immediately. | dev33 |
For information on this item, please contact Harriett Burt, Deputy Chief of Staff for Loretta Lynch at 415-703- 2444, Mary Lou Tousey, 415-703-2593, or Commissioner Carl Wood, 415-703- 2440. | dev33 |
you will be on call, correct? | dev33 |
Since I'm in S.F., I assume that I'll be able to call in by phone? | dev33 |
Jeannie: there are currently 8,300 MWs worth of applications submitted and awaiting approval for construction from the CEC. | dev33 |
get rid of him. | dev33 |
And the same to you. | dev33 |
Sorry you didn't make to have a beer after the final. | dev33 |
See you at MPAR in January. | dev33 |
Have fun catching up on your sleep and laying around a little bit. | dev33 |
Best, Jeff | dev33 |
Only the presidential election was more bizarre! | dev33 |
I have my fingers crossed that a Republican administration will help. | dev33 |
In any case, it's a welcome change of pace. | dev33 |
Hope you're well out there. | dev33 |
Best, Jeff | dev33 |
Here are some suggestions for the op-ed piece. | dev33 |
One general comment: It may be a bit lengthy at this point. | dev33 |
Also, have we decided whether it would be our op-ed piece? | dev33 |
And one key point that is very commercially sensitive: The term "end the rate freeze" has very ominous implications for EES's book, depending on the timing of any such "end" in California. | dev33 |
Thus my heavy-handed edits on that portion. | dev33 |
Nice job, Jeannie. | dev33 |
Best, Jeff | dev33 |
Attached is a letter that we worked on today and that will be sent to the Governor, CA's US Senators (Boxer/Feinstein), congressional folks, and key Cal state legislators. | dev33 |
It's going out first thing tomorrow AM. | dev33 |
It builds on many of the things we've discussed over the past several months, so there shouldn't be any surprises. | dev33 |
If you've got any concerns please give Paul a call at home or page me at 888.916.7184. | dev33 |
Jeff | dev33 |
Thank you. | dev33 |
Have a nice holiday. | dev33 |
Best, Jeff | dev33 |
FYI. | dev33 |
Please keep this internal and confidential. | dev33 |
Here's where the group I mentioned left off last Friday. | dev33 |
It will be useful for our discussion this afternoon. | dev33 |
You'll note from the comments that it's anything but a done deal. | dev33 |
I'll forward the SF press mentioned in the note. | dev33 |
Best, Jeff | dev33 |
Can we try to set up a quick call to discuss? | dev33 |
1) Is it your sense that the deal is done and that it will be announced at the PUC meeting on Thursday? | dev33 |
2) Would the PUC be required to provide 30 days comment, or could it be effective immediately? | dev33 |
Best, Jeff | dev33 |
Bad. | dev33 |
Let's talk. | dev33 |
Yes. | dev33 |
need to be 12:30 | dev33 |
Mike: Can't thank you guys enough for coming. | dev33 |
It was a great time, and Prentice was really happy that you made it. | dev33 |
Hope you didn't get too much of a headache listening to me play (?) the bass. | dev33 |
Please pass along thanks to Lisa, and no reciprocation needed. | dev33 |
Great to have you. | dev33 |
Happy holidays. | dev33 |
Best, Jeff | dev33 |
likely a mistake. | dev33 |
send the sender an email and ask? | dev33 |
Jennifer: With respect to FERC's ruling from Friday, I'll forward to you what's been forwarded to me. | dev33 |
With respect to the governorn's plan, the one that you forwarded along from EES' customer is definitely one of the more extreme scenarios we've been hearing, but with Davis, I wouldn't rule anything out. | dev33 |
If I hear anything, I'll report back. | dev33 |
Best, Jeff | dev33 |
The haircut notion, I believe, arises from Edison's claim that the PX price includes a capacity payment, particularly when demand (i.e., the price) is higher. | dev33 |
I think there's discussion of it in the proposed decision that came out some time ago and which sits in "hold" limbo on the Commission's agenda. | dev33 |
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