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By requiring the state's three investor-owned utilities to purchase all their electricity from the power exchange and limiting their ability to hedge price risks by entering into long-term fixed-price contracts, the state left consumers subject to volatility in the state-mandated spot market, said officials with Enron Corp. (ENE, news, msgs) and Reliant Energy (REI, news, msgs). | dev42 |
California's market structure "placed no economic incentives on the default utility providers to look out for the costs that are ultimately passed on to their consumers," Reliant's John Stout testified. | dev42 |
"San Diego's experience offers the Congress an unparalleled opportunity to learn from a bungled attempt at deregulation," said Michael Shames, executive director of Utility Consumer's Action Network. | dev42 |
Shames and other witnesses warned the congressional committee that California's electricity crisis is likely to occur in other regions of the country unless steps are taken to free up interstate trade in power and allow FERC to better police markets. | dev42 |
"California is just the latest problem area in U.S. power markets and, unless policymakers act quickly, it will not be the last," said Enron Corp. (ENE, news, msgs) Steven Kean executive vice president. | dev42 |
"Unless Congress and FERC are willing to address the interstate issues that are beyond the jurisdiction of state legislators and regulators, I predict that our experience in San Diego is indicative of what others will encounter in trying to create a competitive electricity market," said Edwin Guiles, Sempra's president of regulated operations. | dev42 |
"This electricity crisis is not a California-only problem," said Rep. Brian Bilbray, R-Calif., who represents San Diego and requested Monday's hearing. | dev42 |
"We will continue to be in this mess if state and federal officials don't work together to find long-term solutions to the flaws in the marketplace," Bilbray said. | dev42 |
-By Bryan Lee, Dow Jones Newswires, 202-862-6647, bryan.lee@dowjones.com Quote for referenced ticker symbols: EIX, ENE, PCG, REI, SRE , 2000 Dow Jones & Company, Inc. All Rights Reserved. | dev42 |
Can the gas company also make the same requests? | dev42 |
Hi there. | dev42 |
I changed our SF appointment to 900 on Friday. | dev42 |
We have not been successful in getting a hotel room anywhere close to where we are going. | dev42 |
There is some big fashion convention in NY, and the rooms are booked as far away as Danbury, Connecticut. | dev42 |
Wild, isn't it? | dev42 |
Heather says there is a chance that we will fly out tomorrow, spend tomorrow night in NY, then I can fly to Chicago Thursday am. | dev42 |
I still plan on flying back on Thursday pm so that I can make that 900 appointment. | dev42 |
That may mean taking the midnight flight, but what the heck. | dev42 |
I'll keep you posted. | dev42 |
Kay | dev42 |
I won't be in Friday am, as I have a 900 appointment out of the office (another school visit - I hope we are almost done). | dev42 |
I don't know my travel plans yet. | dev42 |
I may ( or may not) be leaving today. | dev42 |
If not, I will be leaving tomorrow. | dev42 |
I don't need you to make any arrangements yet. | dev42 |
Kay | dev42 |
Please note. | dev42 |
Allyson, What is the proceedure for objecting to a request (either the intervenor's or the Public Staff's)? | dev42 |
Is our position weakened in resisting an intervenor's request if we have given the same information to the Public Staff? | dev42 |
Thanks again, Kay | dev42 |
I guess you are having some kinda fun over there, hitting the forward button. | dev42 |
Actually, I appreciate the info. | dev42 |
It currently appears that I will be on the road Wednesday and Thursday. | dev42 |
Figures! | dev42 |
I am going to send you a copy of the marked up interconnection agreement, which has comments from various Enron people. | dev42 |
I thought it might help you think about which way to head. | dev42 |
I would appreciate receiving an electronic file of the IC you prepared. | dev42 |
Talk to you soon, Kay | dev42 |
Is there a time limit for lodging an objection? | dev42 |
Here's a draft. | dev42 |
More names are being added, so feel free to suggest more that we forgot/overlooked, including those external to Enron. | dev42 |
Please send the info directly to Suzanne Adams. | dev42 |
Lisa, Mitch and Chris, you will be on the next draft. | dev42 |
Sorry for the oversight this time around. | dev42 |
Thank you, Kay | dev42 |
Please add Lisa Bills, Chris Herron and Mitch Robinson. | dev42 |
You have Lisa's info on the GE list. | dev42 |
Thanks, Kay | dev42 |
This is the VEPCO contact list, as far as I know. | dev42 |
Do we have another one? | dev42 |
(opps!) This is the one Gloria did while you were on holiday in the West. | dev42 |
(Doesn't that sound good?) Kay | dev42 |
Hi Neil, Looks like I'm headed to the Big Apple today, then Chicago tomorrow, back on Thursday. | dev42 |
I'll fill you in on the details when I have them. | dev42 |
Love, Kay | dev42 |
Please add this name to the Virginia Power part of the list. | dev42 |
Please check with Mike Barnas,Kent Shoemaker (GE contact list) and Rose Engeldorf and see if they are available at either 1100 Central tomorrow or 100 Central. | dev42 |
If that works for them, please reschedule the conference call, send a confirming email to Mike, Steve Swift, Kent, Marty, Scott, Rose, Sheila (and leave her a voice mail -she is on the road), etc. Thanks! | dev42 |
Kay PS. | dev42 |
I have a 330 flight today- Heather arranged. | dev42 |
I'll let you know the details when I have them. | dev42 |
I'll travel to Chicago tomorrow, returning to Houston tomorrow at a decent hour. | dev42 |
I'm either losing my mind or my email. | dev42 |
Did you send me an email re GE? | dev42 |
I thought I saw one, but now I can't find it. | dev42 |
Is that a trick, and if so, how do I do it? | dev42 |
Could you resend it, please? | dev42 |
Thanks, Kay | dev42 |
Ben, We have a draft of the VEPCO "standard" interconnect, which has been internally reviewed by Mitch Robinson and Christi Nicolay. | dev42 |
Would you like a copy? | dev42 |
Nancy Wodka (Bracewell & Patterson, DC office) is outside counsel working on it as well. | dev42 |
We have had no substantive discussions with VEPCO about this agreement at all. | dev42 |
Let me know how you want to proceed. | dev42 |
Thanks, Kay | dev42 |
Important question... | dev42 |
Where should I stay in Chicago? | dev42 |
Thanks, Kay | dev42 |
flying to NYC at 330 on CO. Don't know flight number. | dev42 |
Don't know where I'm staying in NYC. | dev42 |
WED: Fly from Newark to Chicago tomorrow at 645 pm. | dev42 |
Don't know where I'm staying in Chicago. | dev42 |
THURS: Fly from Chicago to Houston, leaving at 200pm, arriving at 428. | dev42 |
That's all I know for now. | dev42 |
Kay | dev42 |
Hey Ken, I'm so sorry. | dev42 |
I'm not trying to hide! | dev42 |
I just found out I have a 300 flight to NYC on a deal I know little about, then on to Chicago, no hotel rooms in either city but GOTTA GO, not sure of the return. | dev42 |
In short, I've been Enronized. | dev42 |
I picked up your number on a scrap of paper instead of the travel agent's number (different scrap of paper I still have not found), and when you answered I couldn't figure out who I called. | dev42 |
At least your email helped me get back to reality. | dev42 |
I apologize for the confusion, for not getting back to you, etc. Please don't read anything into it other than your glimpse into Enron. | dev42 |
My sense is I'd better not commit to anything this week, since I literally don't know whether I am coming or going. | dev42 |
Thanks, Kay | dev42 |
One of them is essential to the call. | dev42 |
If they can't change the time but 130 Central is still ok with them, then leave it as is. | dev42 |
Please leave me a voice mail of the outcome. | dev42 |
Kay | dev42 |
Laura, I'll be in your offices 1st thing Thursday morning. | dev42 |
Is that a good time foyou? | dev42 |
Kay | dev42 |
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