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He seemed interested in 1) the buy down of significant demand, 2) the state setting a goal of x000 MW of new generation by a date certain, 3) getting the utilities to gradually buy more power forward and 4) setting up a group of rate analysts and other "nonadvocates" to develop solutions to a number of issues including designing the portfolio and forward purchase terms for utilities. | dev37 |
He was also quite interested in examining the incentives surrounding LDC gas purchases. | dev37 |
As already mentioned, he was also favorably disposed to finding some state sponsored credit support for the utilities. | dev37 |
His ideas: The gov read from a list of ideas some of which were obviously under serious consideration and some of which were mere "brainstorming". | dev37 |
Some of these ideas would require legislative action. | dev37 |
State may build (or make build/transfer arrangements) a "couple" of generation plants. | dev37 |
The gov feels strongly that he has to show consumers that they are getting something in return for bearing some rate increases. | dev37 |
This was a frequently recurring theme. | dev37 |
Utilities would sell the output from generation they still own on a cost-plus basis to consumers. | dev37 |
Municipal utilties would be required to sell their excess generation in California. | dev37 |
State universities (including UC/CSU and the community colleges) would more widely deploy distributed generation. | dev37 |
Expand in-state gas production. | dev37 |
Take state lands gas royalties in kind. | dev37 |
negotiate directly with tribes and state governments in the west for addtional gas supplies. | dev37 |
Empower an existing state agency to approve/coordinate power plant maintenance schedules to avoid having too much generation out of service at any one time. | dev37 |
Condition emissions offsets on commitments to sell power longer term in state. | dev37 |
Either eliminate the ISO or sharply curtail its function -- he wants to hear more about how Nordpool works(Jeff- someone in Schroeder's group should be able to help out here). | dev37 |
Wants to condition new generation on a commitment to sell in state. | dev37 |
We made some headway with the idea that he could instead require utilities to buy some portion of their forward requirements from new in-state generation thereby accomplishing the same thing without using a command and control approach with generators. | dev37 |
Securitize uncollected power purchase costs. | dev37 |
To dos: (Jeff, again I'd like to prevail on you to assemble the group's thoughts and get them to Kari) He wants to see 5 year fixed power prices for peak/ off-peak and baseload -- not just the 5 one year strips. | dev37 |
He wants comments on his proposals by Tuesday. | dev37 |
He would like thoughts on how to pitch what consumers are getting out of the deal. | dev37 |
He wants to assemble a group of energy gurus to help sort through some of the forward contracting issues. | dev37 |
Thanks to everyone for their help. | dev37 |
We made some progress today. | dev37 |
Forgot to include you on this. | dev37 |
Michelle - I think Linda would fill the spot you and I talked about very well. | dev37 |
Linda is the new head of our DC office; she was asst secy of treasury under Bentsen, Rubin and Summers. | dev37 |
She is very well respected in washington. | dev37 |
She received the Alexander Hamilton award fro Secy Summers -- the highest award presented by the US Treas dept. | dev37 |
She has gotten up to speed very quickly on our issues and I think would serve the progam well (and she's already paid for!!). | dev37 |
Scott sent this to Marty, but I assume you already have had communications with him about this. | dev37 |
OK to update | dev37 |
This guy has it right. | dev37 |
So is it bigger than his tax cut on an annual average basis? | dev37 |
Let's make sure that he gets our list of FERC Commissioner candidates (with special emphasis on Wood and Brownell). | dev37 |
Minor edits as shown. | dev37 |
Otherwise, looks good. | dev37 |
See revisions. | dev37 |
Am also attaching the "solutions document" we left with the Governor. | dev37 |
I think we should follow that basic format and include the solutions set out there. | dev37 |
See suggestions | dev37 |
I don't know if I have sent one of these to you before. | dev37 |
This is an e-mail update service that we may want to consider as a distribution vehicle -- either because they pick up the content or because we procure their distribution list. | dev37 |
Dan- could you have someone check these guys out? | dev37 |
My comments | dev37 |
These were the next to last drafts (before correcting any typos). | dev37 |
I spent a little over 30 minutes with Robert. | dev37 |
He is a very sharp guy and has a great deal of relevant government experience. | dev37 |
While I don't have a position that would be suitable for his experience level (all of my senior positions are filled), he is definitely someone I would consider if I had an open position. | dev37 |
My impression from Robert is that, while he has some interest in Public Affairs, his main interest is in a commercial position. | dev37 |
I stressed to him that it would be difficult to come into Enron to run a business, but he could build to it over time. | dev37 |
His main concern was that he not get "lost in the system" if he came in at a level below business unit head. | dev37 |
I think Robert would be a good addition to Enron if 1) he is willing to come in to a commercial role at a more junior level to learn the system and 2) we can make sure that he gets the opportunity to have contact with senior levels of the organization from time to time. | dev37 |
Call me about this | dev37 |
attachment | dev37 |
calendar | dev37 |
I don't think this will work. | dev37 |
We have offices on 50M but two are set aside for board members and one (the one Rob Walls recently left) is going to be tied up with a video crew working on the analyst meeting. | dev37 |
Joe and Linda, could you prepare our views on these two and forward to Ken? | dev37 |
What should i tell john? | dev37 |
Nathan, give me call if you can -- 713-853-1586. | dev37 |
I'm EVP and Chief of Staff for Enron. | dev37 |
We met during the on-campus interview process. | dev37 |
I know we have extended an offer and I'm still hoping you'll accept. | dev37 |
Call me. | dev37 |
I tinkered a bit more with the background doc. | dev37 |
recommendations | dev37 |
Accurate and sobering. | dev37 |
I've made two small comments just as an fyi. | dev37 |
Attached is a summary of the Jan 13 Davis-Summers summit on the California power situation. | dev37 |
We will be discussing this at the 2:00 call today. | dev37 |
Summary of yesterdays meeting attached | dev37 |
california update | dev37 |
Please revise by adding the newly elected MDs (from Friday's promotion memo) under the existing heading "Other Managing Directors". | dev37 |
Thanks | dev37 |
These things are usually a waste of time and money. | dev37 |
"Rob Kean" Please respond to rob.kean | dev37 |
I'd be happy to help and learn. | dev37 |
Hve your assistant call Maureen McVicker | dev37 |
Any instructions? | dev37 |
I think this might have been intended for you. | dev37 |
calendar | dev37 |
I left a voicemail for Rosalee. | dev37 |
She should be contacting you once the inaug. | dev37 |
is over. | dev37 |
Try Roy Boston in our Hinsdale Ill office | dev37 |
schedule | dev37 |
Need a hard copy ... | dev37 |
I don't have a password for cera Eric Benson mes D cc: Subject: High Speed Regulation in California - CERA Alert Steve, Rick and Jim - Below is an article from CERA that summarizes the current situation in California. | dev37 |
Eric | dev37 |
Any interest? | dev37 |
I know Chip personally, as, of course, does Leslie. | dev37 |
Leslie may be better able to speak to Chip's judicial background. | dev37 |
Chip is a fine man and deeply involved in his community. | dev37 |
Any chance we could pass word on to Sen. Dom.'s office? | dev37 |
You need to be aware that we are in the process of selling the Wind Co. Mark Metts and Amit Walya are working on this. | dev37 |
If the price changes under the QF contracts it would impact the sale. | dev37 |
Call Amit to discuss (345-5570). | dev37 |
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