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Just wanted to let you know that I'll be out of the office beginning at 1PM but will be checking voicemail and will be available by cell phone and pager. | dev33 |
Best, Jeff PS I'm listening to the leg hearings by phone. | dev33 |
Legislators are making Bryson and Mission head Al Fohr (Steve, he was the guy at the meeting we had with the Governor's staff) explain in excruciating detail all of the transactions that have taken place since AB 1890 passed (e.g., midwest power plants buys, New Zealand disco buy). | dev33 |
Also interrogating Harold Ray explain Edison's purchasing practices over the past couple of years (i.e., staying short in the market). | dev33 |
Edison's not coming off looking great. | dev33 |
Bryson's trying to do some major triage---and blaming Loretta for keeping Edison short. | dev33 |
Hi: Hope you're well. | dev33 |
Based on your note, I faxed my Direct Deposit change to Renee Kelso a week or so ago and wanted to check with her to see that she'd received it and that it was in process, but I can't find her name in email. | dev33 |
Any suggestions on how I can check in and see how progress is going? | dev33 |
As always, thanks a bunch. | dev33 |
Best, Jeff | dev33 |
Hi Justin: As we discussed, this is the most recent version of the proposed "fix" to the Direct Access prohibition included in AB1X that the coalition of customer groups have been working on. | dev33 |
They intend to give it to Debra Bowen first thing next week. | dev33 |
Take a look at it and if you have any questions, please let me know and I can explain the concept and how it is intended to work. | dev33 |
I have notified the coalition that it would be a good thing to include you on their distribution list, but I didn't want to do that until I checked with you. | dev33 |
Let me know if that's something that you would like to do. | dev33 |
Best, Jeff | dev33 |
Thank you. | dev33 |
For what it's worth, this tracks well with what I'm hearing. | dev33 |
Best, Jeff | dev33 |
Thanks a million. | dev33 |
Please keep me posted. | dev33 |
See you next week! | dev33 |
Best, Jeff | dev33 |
OK, it's settled. | dev33 |
We will NOT turn in the case this Monday. | dev33 |
Good call, Dylan. | dev33 |
Best, Jeff | dev33 |
This appears to be a note that was sent a very long time ago and just showed up in your in-box. | dev33 |
I'm thinking it was the decision to raise rates that happened beginning of January. | dev33 |
Best, Jeff | dev33 |
Greetings: My apologies. | dev33 |
I was out of town over the weekend and while I thought I'd have network access, I didn't. | dev33 |
Here's the presentation from the talk I gave in New York on 01.29.01. | dev33 |
I'll be updating it, but will work from these slides (as notes--no formal presentation). | dev33 |
If you have any questions, just give a holler. | dev33 |
415.782.7822. | dev33 |
Look forward to meeting on Wednesday. | dev33 |
Best, Jeff | dev33 |
Yes, please ticket. | dev33 |
Great to see you guys, and despite all the excitement, it was alot of fun. | dev33 |
Hope that you made it back safely. | dev33 |
Couple of things: I'd like to talk to several vineyard consultants, so if it ain't too much trouble, and you've got a name, I'd love to check around. | dev33 |
Can I order two cases of coastal zin? | dev33 |
What about the champagne? | dev33 |
How much per magnum is it? | dev33 |
Best, Jeff | dev33 |
Thanks again for your help, advice and Cristina's phone #. | dev33 |
We'll see where it goes from here. | dev33 |
But I'm shocked. | dev33 |
I called Cristina, and NO answering machine. | dev33 |
I didn't think that happened anymore. | dev33 |
Any way of leaving her a message? | dev33 |
Thanks again. | dev33 |
Best, Jeff | dev33 |
On the various matters currently before the California PUC: The Commission order stating that the utilities should absorb any difference between DWR's cost of power and the retail rate freeze is still technically in effect. | dev33 |
(The order only applies, however, to the power purchased under the Governor's emergency order giving the State the authority to buy power.) The utilities have petitioned to modify the decision telling the Commission that the easiest way to remedy the problem would be to vacate the order altogether, but if the Commission didn't want to vacate the order, it would need to change the decision so that the IOUs don't eat any shortfalls. | dev33 |
The Commission can act on the petition to modify whenever it chooses. | dev33 |
In addition, it has a continuation meeting scheduled for this Thursday and a regularly scheduled business meeting next week. | dev33 |
So the opportunity to act and fix the Order is there if the Commission wants to take it. | dev33 |
With respect to the cost of utility generation (i.e., retained generating assets and QF contracts), the Commission has a set up a schedule that foresses a Commission decision adopting an "interim" procurement charge on March 27th. | dev33 |
There is another "workshop" scheduled for tomorrow to discuss the utilities' proposals, after which the utilities will be required to file formal "advice letters" with the Commission. | dev33 |
Those advice letters will form the basis of the process that the Commission will use to ultimately arrive at a decision on the 27th. | dev33 |
Everyone participating in the workshops takes the view that customers will see a separate line item on their bills to cover the going forward costs that DWR incurs to buy power. | dev33 |
Everyone participating in the workshops also takes the view that customers will be on the hook for DWR's costs and the Commission will, if necessary, raise rates to ensure that DWR is made whole. | dev33 |
(Unfortunately, the Commission is not currently sending signals to show that it concurs with the folks participating in the workshops. And until there is clarity on whether the Commission will agree to "pass through" those costs, Enron and others will continue to have problems with DWR's credit as it applies to the RFP that we and others responded to last week.) Next week begins the hearings to address the issues that Commission started to examine began in the emergency hearings held over the holidays, i.e., the utilities financial position, TURN's proposal to "net out" the utilitities' generation-related revenues with the undercollection caused by the rate cap, the date on which the rate has (or will) end, etc. Recently, TURN modified its testimony in response to the passage of AB1X. | dev33 |
TURN's new position is that the Commission should find that the rate freeze ended on February 1st, the effective date of AB1X. | dev33 |
EES will need to quickly determine how and if it wants to respond to TURN's latest stance on the end of the rate freeze. | dev33 |
We continue to try to persuade stakeholders and the Commission that DA customers must be compensated for the fact that they paid for the utilities' stranded generating assets. | dev33 |
That compensation could come in one of two forms: 1) access to a proportionate share of the utilities' retained, cost-based generating assets, or 2) a credit representing the difference between the "market" value of the retained generating assets and the book value of those assets. | dev33 |
We are not getting much traction thus far. | dev33 |
The Commission is scheduled to issue a separate decision addressing the rate freeze issue, the issue of whether to net out generating-related revenues against the undercollection, etc. on March 27. | dev33 |
So both sets of issues (the procurement charges and the "end of the rate freeze) are scheduled to be "finalized" on March 27, albeit in separate orders. With respect to the Block Foward issue, our lawyers had a pretty good meeting on Friday with the DWR general counsel and other DWR lawyers. However, it has become clear that despite those efforts, FERC's decision on "charge backs" will have a significant effect on the resolution of the Block Forward issue. Best, Jeff | dev33 |
Hi Tom: From our contact with the Governor's office, seems that Kari Dohn, formerly in the Governor's office, and recently appointed Chair of the Electricity Oversight Board, would be the hands-down best candidate. | dev33 |
Best, Jeff | dev33 |
No problem. | dev33 |
My pleasure. | dev33 |
Best, Jeff | dev33 |
George: If you get a minute, could you call to de-brief on the meeting we had the Gruma? | dev33 |
Just want to touch base in the event that there's any follow up. | dev33 |
Hope that it was helpful. | dev33 |
Best, Jeff | dev33 |
Don't even worry about it. | dev33 |
Thanks for being sensitive to the issue. | dev33 |
Good to see you guys this weekend, despite all the excitement. | dev33 |
Best, Jeff "Eldon Sellers" Please respond to eldon | dev33 |
you ain't kidding. | dev33 |
I think that it would be best for the Chancellor's office to make the contact/request, but if you need us to help, then Steve Kean, Rick Shapiro or I can make a go of it; but again, I think that it would best for the Chancellor's office to make the invite. | dev33 |
Best, Jeff | dev33 |
Thanks. | dev33 |
I'll take 12 magnums. | dev33 |
And please order 2 cases of Coastal zin. | dev33 |
I think that we'll likely come by either before or after the dome trip this weekend. | dev33 |
I can pay you then. | dev33 |
I'm not looking to make money on the grapes. | dev33 |
Just looking for someone to finance the development of my land. | dev33 |
And I'd have a vineyard to look at all the time! | dev33 |
That'd be enough for me. | dev33 |
Thanks for all your help. | dev33 |
On the 21st, Tauzin and Barton are holding separate meetings with executives from the respective stakeholder groups in Southern California to have "frank" discussions about California. | dev33 |
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