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Not a time hog.
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Miscellaneous development stuff - land options, etc, for Fred and Rusty.
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Not very time consuming.
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Opps, I'm late for a meeting!
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I can give you whatever details you need.
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All things considered, I'm in pretty good shape.
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Kay
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Hi Kathleen, I will try to take this one it.
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There is a charge for it (I think) that the department picks up.
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By the way, have you been invited to the ENA law conference at the Woodlands?
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We need to get you in on that one.
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Talk to you soon.
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Kay
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Great idea.
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By the way, do you know if Kathleen has been included in the law conference stuff?
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Kay
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Today is kind of bleak.
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Tuesday is good should something change for you.
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Kay
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Thanks.
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I suspect I'll be in the loop on this one way or the other.
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Do you want me to send you emails so you know what's up?
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Kay
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Do you want to keep up with this, or pretend you never heard of Chicago?
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Here's what I know about this deal so far.
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Please print, place in folder (surprise, not a binder!) labeled CRRA Fuel Cell Agreements.
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Thanks!!
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Thank you for this info.
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Sounds like this is getting a fair amount of attention in the region.
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I have your name written on a piece of paper.
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Do I owe you a call?
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Kay
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small green pressboard like you order for me
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Hi Nancy, We are getting geared up to look at the interconnection agreement and work on the land lease.
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Just thought you might want to put it on the list of fun things to do in the future.
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Kay
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Sorry Reagan, I just opened this email.
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Kay
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FYI.
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We had a conference call this am.
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I'll catch you up later.
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Kay
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I'm working on the agreement, but since it is taking longer than I had hopeI wanted to send you my understanding of the basic premise for your input.
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I'll continue to refine/integrate this into a real document while you reviethe important stuff: Hub Services.
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&Hub Services8 include (a) transactions entered into by MEH or the PGL HUB which are subject to Peoples' Hub FERC operating statement, and (b) all physical transactions which require the use of the Manlove or Mohammad fiel(also known as &exchange8 or &enhanced hub8 services).
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The profit [what is profit?
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Obviously before tax, but otherwise a GAAP standard?] from Hub Services shall be split as follows: ?
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For transactions entered into between February 15, 2000 through September30, 2000, the profit shall be equally shared.
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?
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For transactions entered into from October 1, 2000 to September 30, 2001(and successive years until September 30, 2004), Peoples will receive thefirst $4 million in profit (cumulative, not annual), and will Enron receivethe next $1million in profit.
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For any profit exceeding $5 million, Peoplesand Enron will share any on a 50/50 basis.
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This arrangement excludes all agency fees paid to MEH.
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These fees will beshared 50/50 from the inception.
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All internal costs incurred in the normal course of business will be borne by the party incurring same.
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All third party costs will be shared equally, andrequire MEH board approval.
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PERC Peaking Agreement PERC has contracts with PGL and with NICOR contracts relating to the ethane/propane peaking facility.
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The two existing contracts pay a total of$2million (approximate or exact) in demand charges annually.
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Any profit exceeding $2 million in a year will be shared by Peoples and Enron on a 50/basis.
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If either of these contracts is extended in any form other than the currentform, then Peoples and Enron share the demand charge and the profit on a 50/50 basis.
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Other Transactions Peoples and Enron will split the profit from any transactions other than those described above on a 50/50 basis.
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Kay
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Just in case I forget to mention it, I need to move our SF visit to Friday am, due to travel plans.
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Is this still ok with you?
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Kay
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I'm not particularly wild about many of the changes proposed by GE.
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Seems that it would be a good idea to get a consensus on how to respond.
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Here are the issues I see: Indemnity issues: They should indemnify us from claims by their employees/subcontractors.
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Indemnity should be triggered by strict liability as well as negligence.
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What is a cognizant government?
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Limit of liability issues: They want to limit their indemnity obligation to 100% of purchase price.
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They want the limit of liability to apply to gross negligence, if possible.
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They don't want to clarify that they have to indemnify us for another party's claim for consequentials (as in a personal injury claim).
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We've don't have anything concrete on assignment yet.
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Comments?
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Sheila has asked that we change Wednesday's call to 1100 Central, or 100 Central if 1100 doesn't work.
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Is this a problem?
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Kay They should have to
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Hi Allyson, What is your impression of why the NC attorney general's office has intervened in the CPCN proceeding?
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Is this typical?
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Does the AG's office (or any other intervenor) have any special rights to discover any of the confidential information we file?
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Thanks, Kay
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Calif Pwr Woes Tuesday, September 12, 2000 08:15 AM ?Mail this article to a friend (This article was originally published Monday) WASHINGTON (Dow Jones)--The Federal Energy Regulatory Commission has limited authority to address flawed electricity markets in California and alleged price gouging by power producers, but w...
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The commission was ready to act once the results of an expedited staff investigation of problems affecting power markets in the U.S. West becomes available, Hoecker said in testimony presented to a San Diego field hearing of the House Commerce Committee's energy panel.
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"If we need to fix market rules or market structures within our jurisdiction, we will do so," Hoecker told lawmakers.
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And if price gouging is occurring "as some have alleged," he added, "we will respond accordingly, by revoking market-based rates or otherwise."
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However, Hoecker stressed that the commission's authority is limited under the Federal Power Act.
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"The commission has limited ability to relieve the immediate customer crisis. Important aspects of this problem are a state responsibility, such as authorizing construction of new generation and transmission facilities," Hoecker testified.
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The commission can't act to limit prices charged by power providers "until we have a record supporting such action," he said, referring to the results of the pending staff investigation.
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Further, he said, the law bars FERC from ordering retroactive refunds to San Diego Gas & Electric Co. for the power it purchased this summer to serve its retail customer base.
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Hoecker testified before the House Commerce Committee's Energy and Power Subcommittee, which is looking into the supply shortages in California this summer that have forced San Diego electricity consumers to pay twice as much for power as they did a year ago.
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State Mkt Structure Blamed For Crisis The hearing comes after much wrangling at FERC, as SDG&E, a unit of Sempra Energy (SRE, news, msgs), sought an order setting price caps for power bid into the state-sponsored electricity exchange, and power producers sought an order allowing cost recovery for lost opportunity sales...
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FERC hasn't yet responded to the producers, and deferred action on SDG&E's bid for price controls until the staff investigation is completed.
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But it left in place an order allowing the independent system operator to limit the price it pays for power, which acts as a de facto cap on prices bid into the power exchange.
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Hoecker, while withholding judgment pending the staff probe, appeared to place much of the blame for this summer's crisis with the state-mandated market structure, which left San Diego consumers subject to spot-market volatility.
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And he appeared to suggest that FERC's order directing utilities to transfer transmission assets to control of large regional transmission organizations, or RTOs, will offer an opportunity to develop a regional solution to the power-supply problem.
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FERC deferred to California in restructuring the wholesale market in California because its experience with new market institutions such as power exchanges and ISOs was limited, Hoecker said.
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Other states, such as Pennsylvania, were "less prescriptive than California in telling the commission how their wholesale markets should operate," Hoecker noted.
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Now, with FERC's Order 2000 encouraging formation of RTOs, "the commission is in a very different posture with respect to the structure of wholesale markets," he said.
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"Large regional markets can be made to work effectively," Hoecker told the lawmakers, citing the Pennsylvania restructuring as an example.
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Other witnesses were more forceful in criticizing the state-mandated market structure.
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