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Davis has said he is confident the utilities and the state can pay their bills without further rate increases. | dev33 |
In the meantime, the ISO is counting on conservation to avoid more rolling blackouts. | dev33 |
Dorinson estimated that conservation accounted for about 900 megawatts in savings during Tuesday's peak usage. | dev33 |
"That probably was the difference today in helping us avoid any rolling blackouts late into the evening," Dorinson said. | dev33 |
Tuesday's outages began at 9:30 a.m. and continued in 90-minute waves until about 2 p.m., when the ISO lifted its blackout order. | dev33 |
They were blamed for at least one serious traffic accident. | dev33 |
The blackouts were caused by a combination of problems, including unseasonably warm weather, reduced electricity imports from the Pacific Northwest, numerous power plants being shut down for repairs and the loss of power from alternative generators. | dev33 |
Mike: Here are my comments. | dev33 |
Apologies for the fact that they are quick and dirty. | dev33 |
All Enron's public statements that I have read, including, I think, statements made to financial analysts, state that our exposure in California is not "material." | dev33 |
Dennis' declaration says that the situation in California has been a "financial disaster," that "Enron has lost over $300 million," and that "Enron stands to lose millions more." | dev33 |
The losses are described as "huge." | dev33 |
Perhaps this is information that has since been communicated to the market, but I'm not aware of it. | dev33 |
And if it hasn't, it could represent a significant conflict with previous statements. | dev33 |
Seems prudent to run this by IR and perhaps others before releasing. | dev33 |
Regarding the statements about our hedging strategy. | dev33 |
It would seem prudent to run this through the organization for comment and discussion prior to making public. | dev33 |
Very minor technical point--I don't think that AB 1890 was passed "unanimously." | dev33 |
I think that there was 1 nay vote. | dev33 |
The statement is made that "the utilities were required to sell off most of their generating capacity." | dev33 |
The utilities were only required to sell off 1/2 of their fossil-fired plants (which I think at the time may have amounted to about .2-.25 of their total gen assets). | dev33 |
They chose voluntarily to sell of the remainder of their fossil-fired plants. | dev33 |
It is stated that stranded costs are "investments in imprudent power generation facilities." | dev33 |
These investments were in fact found in the past to be prudent by the PUC. | dev33 |
Would therefore not seem accurate to call them imprudent now. | dev33 |
Is it now "virtually impossible to manage commodity risk" in California? | dev33 |
Just wondering if judge might view the statement as overstating the situation somewhat. | dev33 |
From a PR perspective, I'm wondering if we want to characterize re-sourcing UC/CSU in the following manner, "It was actually a relatively easy decision to make." | dev33 |
Makes Enron sound perhaps excessively hard-nosed. | dev33 |
Best, Jeff | dev33 |
I have but one life to give for my industry.... | dev33 |
Please see my comments on Dennis' declaration---got some serious concerns. | dev33 |
Can you give me a ring when you get a minute 415.782.7822? | dev33 |
Thanks. | dev33 |
Jeff | dev33 |
I'm available. | dev33 |
I have another call at 10 AM PST. | dev33 |
Jeff | dev33 |
when are comments due? | dev33 |
I think that it's a good idea. | dev33 |
The only red flag is the perception of marketers being in the same room together. | dev33 |
However, from my perspective, though it's a significant concern, it's one that can be addressed. | dev33 |
I would suggest running the notion by Sanders and Yoder to get their take. | dev33 |
Best, Jeff | dev33 |
chapter five but i can't remember the name of the case "home manufacturers"?, or some such thing. | dev33 |
Have you checked the web site for the questions? | dev33 |
Hi Professor: Could you let me know if you receive this? | dev33 |
I've been sending you emails lately and, having gotten no response, am concerned about whether there's some sort of problem on my end, your end, or both. | dev33 |
Thanks very much. | dev33 |
Best, Jeff | dev33 |
Class on Thursday. | dev33 |
Something that we can talk about in Mexico? | dev33 |
I'm here. | dev33 |
Yes, we'll be talking about ROI, too. | dev33 |
I'll let Karen know. | dev33 |
Figure that she'll likely bring a couple of people. | dev33 |
Mind if I ask Trish and John? | dev33 |
I agree with Pat's suggestions. | dev33 |
Thanks very much for the great work, Jeanne, particularly given the short notice. | dev33 |
Best, Jeff | dev33 |
yes, that's the assignment. | dev33 |
i don't have the questions with me to fax (or the case). | dev33 |
questions might be on the website? | dev33 |
FYI. | dev33 |
Just got a call from someone inside McKenzie & Co.. | dev33 |
Seems the good Governor has figured out that the gas industry is a problem and want to talk to me about it. | dev33 |
I'm scheduled to talk to them by phone Friday at 1:30. | dev33 |
I called Kari Dohn to try to find out more. | dev33 |
She told me that they've figured out that the gas industry is a mess, that "McKenzie gets it," and she asked to tell it like it is. | dev33 |
Seems useful to get our view across to them. | dev33 |
The name of the person from McKenzie that will be on the call with the Davis folks on Friday is Daniel Poller. | dev33 |
Thoughts? | dev33 |
Best, Jeff | dev33 |
FYI. | dev33 |
We've been given permission to distribute, but no "on behalf of" the Air Force. | dev33 |
Best, Jeff | dev33 |
See highlighted portion. | dev33 |
We should throw this back at Davis next time he points the finger. | dev33 |
They must have realized that Loretta could use some PR help... | dev33 |
Hi Laura: Is it possible to get a copy of the report? | dev33 |
Thanks. | dev33 |
Best, Jeff | dev33 |
No. Yes for PG&E, no for SoCalGas. | dev33 |
Agreed. | dev33 |
I think that we can expect a strategy focused on saying, "we don't owe you anything, you've illegally hiked prices." | dev33 |
eeks. | dev33 |
i'm sorry. | dev33 |
what does this mean? | dev33 |
i don't quite understand the code. | dev33 |
Greetings: Unfortunately, I'll be in Mexico getting the Mexican version of hoof and mouth. | dev33 |
Bummer. | dev33 |
Of course, the highlight of the semester for me was seeing Ms Deepika at Squaw last weekend. | dev33 |
We should commit to a ski trip next year. | dev33 |
Best, Jeff | dev33 |
Will do. | dev33 |
Do you know yet who will be on the call from your end? | dev33 |
Thanks. | dev33 |
Best, Jeff | dev33 |
Hey, Neville. | dev33 |
FYI. | dev33 |
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