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Any word?
dev37
More info.
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I enjoyed talking with you the other day and am happy to answer your questions: both the Texas position and the Washington DC position report to Rick Shapiro.
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From a government affairs standpoint, I've divided the world between Rick's group (the Americas) and Mark Schroeder's group (Europe and Asia).
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Both Rick and Mark report to me.
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Joe Allen continues as part of the Texas legislative team, working for the head of that group (formerly Kathleen Magruder).
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Terry Thorn has taken a commercial position in Enron and no longer works on government affairs issues for the company (except to the extent we call on various executives to help from time-to-time).
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Could you work with Allison to get the needed information to cathy.
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A bit lengthy, but I think it looks fine.
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This is the e-mail I was talking about.
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I do support the change.
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Let me know what I can do to help.
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You are correct: this is the way we handle regulatory counsel in other regions, particularly the US.
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What Derrick and I have agreed with regard to counsel selection is: gov't/reg affairs picks the counsel we want to use and he retains a veto, which has rarely if ever been exercised.
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Once we have retained counsel we will use that counsel on other regulatory projects unless the legal department starts to have a problem with the firm (eg because they represent someone against us in litigation).
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Again, I don't recall this ever being an issue.
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It seems to work: outside counsel gets the message that we will look dimly on any firm that squares off against us and we select the most qualified counsel on our issues.
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Please send the economist piece around.
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No, I had the right date from our previous communications.
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When we have described the problems and solutions for California we have focussed on generation siting and flexibility to hedge.
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We have stayed away from transmission issues on the assumption that California, with its ISO and PX, does not suffer from the same discrimination issues as other parts of the country.
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Is this true?
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Does California's system layer in priorities for utility use of the system -- eg doesn't PG&E control "path 15"?
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Does that control provide advantageous access to PG&E?
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Are there other examples and are there links between these "preferences" and the current problems in California?
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As we are trying to convert reliability and pricing concerns into FERC action these would be helpful arguments to have available to us.
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calendar
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what does the siting bill provide for?
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Skilling will be speaking at the National Press Club next week.
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He'll give an overview of Enron's business, talk about what's going on in power markets, and what should be done to fix the current problems.
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California will get covered as well.
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Other than what we have already discussed, is there anything Jeff should know or address in his remarks?
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Look at this.
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Baum finally speaks up -- way too late.
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Can somebody tell me what SDG&E's energy rate was pre-dereg?
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They refer to expedited siting.
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What are the provisions?
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Yes, thanks.
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Lay is going to be giving the keynote.
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It may be a hard story to assemble: the gas market is deregulated and structured pretty much the way we would like to see it done in both gas and power markets, yet we still have high prices.
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It's a bit of a stretch to blame it all on OPEC.
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I'm interested in any views you may have.
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Got your message.
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I'm testifying at the Congressional hearing and Dasovich is covering FERC.
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I think Jeff's comments were taken out of context.
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He said policymakers do need to take care of small customers whose bills are tripling.
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Frankly, we'd get slaughtered if we said anything else.
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But he also said there is a right way and a wrong way to do it.
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Enron and others had provided a market based answer by offering a fixed price deal to SDG&E (which would have enabled them to cap rates to those who had not switched. California elected instead to cap rates and deficit spend (ie create a deferral account). I don't think we can stand for anything that doesn't protect the small customers, but we can continue to emphasize the market based solutions. One of the messages in my testimony will be: customers should be encouraged to choose. Those who did are doing fine.
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Thaniks for the note.
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Christie is now organizing our university relationships, so direct the communication to her.
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Thanks again
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Contact Dave Parquet and Jeff Dasovich in our San Fran.
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office.
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Dave has worked on Enron's proposals to San Diego and Jeff has been supporting him from a gov't/reg affairs standpoint.
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Let me know when and where.
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I am going to copy Phillippe Bibi (Chief Technology Officer) and Cindy Olson (EVP-HR).
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Please put someone in touch with Chris.
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Thanks
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Here it is.
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calendar
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The PAC did not give the money.
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PAC contributions to federal candidates are limited.
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The money was a combination of individual contributions Ken solicited and soft money donations to the Republican Party.
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Erin Rice
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attached is a copy of my california testimony.
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The proceeding was somewhat productive, but turned into a witch hunt at a couple of points.
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Our view on this is: the problem is fairly straightforward (demand increases and new supplies are inhibited so prices go up and shortages ensue ... sound familiar?) and the solutions are straightforward (site the power plants suppliers are begging to build, let the utilities hedge outside the exchange, and finish the job of opening the interstate grid so power can get from where it is to where it is needed).
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What it comes down to at this point is FERC is the only entity with the authority to start fixing this problem now: Congress isn't going to get anything done this year and the California legislature is (thankfully) out of session now.
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Our political leaders need to give FERC the room they need to act.
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Good luck on your speech and give me a call sometime.
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Attached is my testimony.
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Cynthia, get back to Jeff on this.
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It doesn't look like a high priority to me, but I will absolutely defer to your judgment.
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Jeff - Chris is on point on this issue.
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He and Dan Reck have already spoken.
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I think this is a fine attempt, but I continue to believe that a pure relative ranking offers the most flexibility and is more like the way the process works in practice.
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A separate list of desired behaviors, criteria etc can be used to guide discussion but I believe the ranking itself should remain purely relative.
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I talked with Scott Tholan and he immediately understood your concerns.
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I don't think there is anything else you need to do right now.
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Let me know, though, if there are requests for information you consider inappropriate.
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I'm still waiting for Davis' office to call.
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The plan currently is for me to talk to him when and if he calls.
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Sandi has been in touch with the governor's office.
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By the way, thanks for the summary of the California proceedings.
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I talked to Hebert yesterday and he was duly impressed with your remarks ...
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I had to remind him that you worked on the right answers for California, not the abomination that's in place today.
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Preempt me, please!
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test
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Maureen -- please send Vince my California testimony and the talking point presentation for Jeff Skilling at the National Press Club.
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Eliz-- keep Vince on the distribution list for the documents we are generating now to repond to the California situation.
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FYI.
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I am sending Vince some materials we have used
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Please forward to Advisory Committee
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I approve.
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The letter looks fine.
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Set it up as "your letter to Ken Lay was forwarded to me for response" and have Jeff B sign.
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Thanks
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I talked to Hettie today.
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It's unlikely that we are going to find time for Jeff and the Governor to talk (because of the Governor's schedule).
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