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---------------------- Forwarded by Judy Hernandez/HOU/ECT on 07/21/2000
11:50 AM ---------------------------
Maria Sandoval
07/21/2000 10:18 AM
To: Andrea R Guillen/HOU/ECT@ECT, Phenicia Olivier/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Melissa Rodriguez/HOU/ECT@ECT, Cassandra S
Dutton/HOU/ECT@ECT, Lorraine Becker/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT,
Chantelle Villanueva/HOU/ECT@ECT, [email protected],
[email protected], Judy Hernandez/HOU/ECT@ECT, Elizabeth
Soto/HOU/ECT@ECT, [email protected], Pamela Sonnier/HOU/ECT@ECT, Brenda
Barreda/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Yolanda Pena/Corp/Enron@Enron,
Claudia Clark/HOU/ECT@ECT, Lisa Shoemake/HOU/ECT@ECT, Amber
Limas/HOU/ECT@ECT, Alex Saldana/HOU/ECT@ECT, [email protected],
[email protected], Alisha Guerrero/HOU/ECT@ECT,
[email protected], [email protected],
[email protected]
cc:
Subject: FW: Shades Of Grey (joke)
---------------------- Forwarded by Maria Sandoval/HOU/ECT on 07/21/2000
10:17 AM ---------------------------
[email protected] on 07/21/2000 10:02:35 AM
To: [email protected], "Maria Sandoval" <[email protected]>,
[email protected], Phillips Sarah-RA8255
<[email protected]>, [email protected]
cc:
Subject: FW: Shades Of Grey (joke)
Cute!
---------------------- Forwarded by Monica Richardson/AUS/NIC on 07/21/2000
10:08 AM ---------------------------
Liles Lindsay-R9127C <[email protected]> on 07/21/2000 09:58:04 AM
To: Windom Misty-R8834C <[email protected]>, "'Robbie Susen'"
<[email protected]>, Monica Richardson/AUS/NIC@NIC, "'Kim Crouchet'"
<[email protected]>, "'Jamie Youens'" <[email protected]>, "'Ilka
Montross'"
<[email protected]>, "'Heather Carlile'"
<[email protected]>,
"'Elizabeth Moore'" <[email protected]>
cc:
Subject: FW: Shades Of Grey (joke)
Lindsay Liles
College Recruiter
Motorola Global Talent Supply
1-512-996-4776 (direct)
1-800-531-5183 (toll free)
1-800-759-8352 pin #1254449 (pager)
[email protected]
http://www.motorola.com/ur
-----Original Message-----
From: Tara West [mailto:[email protected]]
Sent: Friday, July 21, 2000 9:41 AM
To: [email protected]; [email protected]; Liles Lindsay-R9127C;
[email protected]
Subject: Fw: Shades Of Grey (joke)
Terry & Associates
Executive Search
(512) 327-3555 (office)
(512) 632-3110 (mobile)
[email protected]
----- Original Message -----
From: Jim & Lisa Rogers <[email protected]>
To: Wendy Detamore <[email protected]>; Bob & Leslie Mattax
<[email protected]>; Jessica Merriam <[email protected]>;
Missy Craig <[email protected]>; Tara West <[email protected]>
Sent: Friday, July 21, 2000 8:57 AM
Subject: Fw: Shades Of Grey (joke)
>
> -----Original Message-----
> From: [email protected] <[email protected]>
> To: [email protected] <[email protected]>
> Date: Thursday, July 20, 2000 11:28 PM
> Subject: Shades Of Grey (joke)
>
>
> >One day, a little girl was sitting and watching her mother do the
> >dishes at the kitchen sink. She suddenly noticed that her mother
> >had several strands of white hair sticking out in contrast to her
> >brunette hair.
> >
> >The little girl looked at her mother and inquisitively asked,
> >"Why are some of your hairs white, Mom?"
> >
> >Her mother replied, "Well, every time you do something wrong and make me
> cry
> >or unhappy, one of my hairs turns white."
> >
> >The little girl thought about this revelation for a while and
> >then asked, "Momma, how come all of grandma's hairs are white?"
> | {
"pile_set_name": "Enron Emails"
} |
----- Forwarded by Tana Jones/HOU/ECT on 07/19/2000 05:45 PM -----
Tana Jones
07/19/2000 09:22 AM
To: Dave Samuels/HOU/ECT@ECT, Julie Ferrara/HOU/ECT@ECT, Rahil
Jafry/HOU/ECT@ECT, Bob Shults/HOU/ECT@ECT, Louise Kitchen/HOU/ECT@ECT,
Michael Danielson/HOU/ECT@ECT, Kal Shah/HOU/ECT@ECT, Daniel
Diamond/HOU/ECT@ECT, David Forster/Corp/Enron@Enron, Teresa
Smith/Corp/Enron@Enron
cc:
Subject: Brent Broker.com LLC and List of Confidentiality Agreements
We have received the fully executed Confidentiality Agreement with the
referenced Counterparty dated July 13, 2000. A copy will be sent to Dave
Samuels for the files.
Also, attached is an updated list of the Online Confidentiality Agreement for
your review. Please call me at x33399 with any comments or questions. | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/16/2001
07:25 AM ---------------------------
From: James D Steffes@ENRON on 01/15/2001 11:36 AM CST
To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Michael
Tribolet/Corp/Enron@Enron, Vicki Sharp/HOU/EES@EES, Christian
Yoder/HOU/ECT@ECT, pgboylston@stoel, Travis McCullough/HOU/ECT@ECT, Don
Black/HOU/EES@EES, Tim Belden/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Wanda
Curry/HOU/EES@EES, Scott Stoness/HOU/EES@EES, [email protected], Susan J
Mara/NA/Enron@ENRON, [email protected], William S
Bradford/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Mary
Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON
cc:
Subject: California Action Update 1-14-00
Enron has agreed that the key issue is to focus on solving the S-T buying
needs. Attached is a spreadsheet that outlines the $ magnitude of the next
few months.
TALKING POINTS:
Lot's of questions about DWR becoming the vehicle for S-T buying and there
is a significant legal risk for it becoming the vehicle. WE DO NEED
SOMETHING TO BRIDGE BEFORE WE PUT IN L-T CONTRACTS.
Huge and growing shortfall ($3.2B through March 31, 2001)
The SOONER YOU CAN PUT IN L-T CONTRACTS STOP THE BLEEDING.
Bankruptcy takes all authority out of the Legislature's hands.
ACTION ITEMS:
1. Energy Sales Participation Agreement During Bankruptcy
Michael Tribolet will be contacting John Klauberg to discuss how to organize
a Participation Agreement to sell to UDCs in Bankruptcy while securing Super
Priority.
2. Legislative Language for CDWR (?) Buying Short-Term
Sandi McCubbin / Jeff Dasovich will lead team to offer new language to meet
S-T requirements of UDCs. Key is to talk with State of California Treasurer
to see if the $ can be found or provided to private firms. ($3.5B by end of
April). Pat Boylston will develop "public benefit" language for options
working with Mike Day. He can be reached at 503-294-9116 or
[email protected].
3. Get Team to Sacramento
Get with Hertzberg to discuss the options (Bev Hansen). Explain the
magnitude of the problem. Get Mike Day to help draft language.
4. See if UDCs have any Thoughts
Steve Kean will communicate with UDCs to see if they have any solutions or
thougths. Probably of limited value.
5. Update List
Any new information on this should be communicated to the following people as
soon as possible. These people should update their respective business units.
ENA Legal - Christian Yoder / Travis McCullough
Credit - Michael Tribolet
EES - Vicki Sharp / Don Black
ENA - Tim Belden / Philip Allen
Govt Affairs - Steve Kean / Richard Shapiro | {
"pile_set_name": "Enron Emails"
} |
IntercontinentalExchange
Firm Physical Natural Gas Price Bulletin
For Natural Gas Delivered on Wednesday, November 21, 2001
(Trade Date of Tuesday, November 20, 2001)
Click here to access index history.
* volume represents sell-side only *
Region Hub High Low Wtd Avg Index Change ($) Vol (mmBtu) Hub Name
LOUISIANA
ANR SE $2.7900 $2.1000 $2.6126 +.5901 222,600 American Natural Resources Pipeline Co. - SE Transmission Pool
Columbia Onshore $2.7450 $2.1500 $2.5128 +.3097 305,200 Columbia Gulf Transmission Co. - Onshore Pool
Henry Hub $2.8200 $2.2200 $2.6180 +.5406 1,538,500 Henry Hub tailgate - Louisiana
NGPL LA $2.7400 $2.0550 $2.5180 +.5460 287,900 Natural Gas Pipeline Co. of America, Louisiana Pool
Tenn 500L $2.7400 $2.2800 $2.5295 +.4989 275,100 Tennessee Gas Pipeline Co.-Zone L, 500 Leg Pool
Tenn 800L $2.7300 $2.2450 $2.4840 +.4767 248,800 Tennessee Gas Pipeline Co.-Zone L, 800 Leg Pool
TETCO ELA $2.7900 $2.2500 $2.5993 +.4619 164,900 Texas Eastern - East LA
TETCO WLA $2.7700 $2.3300 $2.5976 +.6778 208,300 Texas Eastern - West LA
Transco 65 $2.8200 $2.3000 $2.6756 +.5535 176,100 Transco - Station 65
Trunkline ELA $2.7600 $2.0000 $2.5481 +.5686 82,500 Trunkline Gas Company - East Louisiana Pool
TxGas SL $2.8400 $2.2800 $2.6244 +.5326 245,000 Texas Gas Transmission Corp.-Zone SL FT Pool
MIDCONTINENT
MichCon, citygate $2.9000 $2.2500 $2.8052 +.6308 219,800 Michigan Consolidated
NGPL Midcont $2.5900 $2.2300 $2.4805 +.6875 221,700 Natural Gas Pipeline Co. of America, Mid-Continent Pool
NGPL Nicor, citygate $2.7975 $2.1300 $2.6082 +.5992 1,231,800 Natural Gas Pipeline Co. of America, Nicor Citygate
NGPL NIPSCO, citygate $2.8000 $2.5400 $2.7380 +.7435 107,500 Natural Gas Pipeline Co. of America, Nipsco Citygate
NNG Demarcation $2.7000 $2.1250 $2.4831 +.4382 214,200 Northern Natural Gas, Demarcation Pool
NORTHEAST
Columbia TCO $2.9100 $2.2900 $2.7287 +.5870 533,300 Columbia Gas Co. - TCO Pool
Dominion So.Point $3.1000 $2.7800 $2.8973 +.5502 235,300 Dominion - South Point
TETCO M3 $3.3100 $2.8000 $3.0520 +.5224 218,400 Texas Eastern - M3 Zone
Transco Z-6 (NY) $3.4100 $2.9000 $3.2445 +.6188 100,000 Transcontinental Gas Pipe Line Corp. - Zone 6 (NY)
WEST
El Paso non-Bondad $2.4500 $2.1600 $2.3522 +.6445 183,900 El Paso - San Juan Basin, Blanco Pool
Huntingdon/Sumas $2.4500 $2.3200 $2.3958 +.5708 126,000 Westcoast Energy & Northwest Pipeline Corp.
Opal $2.4100 $1.9600 $2.2514 +.6931 109,800 Opal
PG&E Citygate $2.6500 $2.3800 $2.5525 +.5769 227,500 PG&E - Citygate
SoCal Border $2.7200 $2.4000 $2.5593 +.6743 208,000 Southern California Border Points (Ehrenberg,Topock,Needles)
WEST TEXAS
El Paso - Keystone $2.5300 $2.3700 $2.4526 +.7034 606,000 El Paso - Keystone Pool
Waha $2.5700 $2.3800 $2.5118 +.6383 245,300 Waha Hub - West Texas
Includes all firm physical fixed price trades done from 7 AM to 11:30 AM Central Prevailing Time on the trade date specified for natural gas delivered on the specified date(s).
IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals. Active markets include North American power and natural gas, global crude and refined oil products, and precious metals. Traded instruments include forwards, swaps, and options.
In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange. Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange.
This data is provided to you free of charge. IntercontinentalExchange reserves the right to cancel this service at any time for any reason or no reason at all.
You agree that IntercontinentalExchange does not make any representations or warranties, express or implied, with respect to the data.
To become an Exchange Participant or inquire about the indices, please contact [email protected].
To unsubscribe from this service, click here unsubscribe.
?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved. | {
"pile_set_name": "Enron Emails"
} |
Yesterday we entered into a financial power transaction with Alcoa Power
Generating, Inc. (Janelle Scheuer-trader) for the month of December. The
trade/confirm is subject to the reciept of a guaranty from Alcoa, Inc., as
well, they have requested a gty from Enron Corp. The guaranty amount that
Alcoa originally had in mind was $1,800,000; however, after a discussion with
Richard Totten at Alcoa, we concluded that $5,000,000 would be more
appropriate so that we can add on additional trades if need be. Please
forward a copy of our guaranty format (outgoing and incoming) to the
attention of the following people:
Tom Seligson (atty) [email protected]
Richard Totten (credit) [email protected] 412-553-3304
Jim Nixon [email protected] 865-594-4756
Since this transaction has already closed, could you please add this to your
list of high priorities. FYI - I will likely pursue both ISDA and EEI agmts
with the cp.
Thanks in advance for your immediate attention.
Ed Sacks | {
"pile_set_name": "Enron Emails"
} |
Thanks for the info, what about green fees for Friday afternoon?
Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
[email protected]
Phone 713-853-7658
Fax 713-646-3490 | {
"pile_set_name": "Enron Emails"
} |
I haven't heard from you in a while. | {
"pile_set_name": "Enron Emails"
} |
Just to clarify.
The product that is traded in New York is a financial swap that settles
against the Day Ahead clearing price. It is changes to HQ's physical
deliveries (0 to 1500 MW) into NY that can swing the clearing price by at
least $20. This is not just due to the price that HQ sells their energy for,
but is mostly due to the impact on congestion in NY of HQ deliveries. When
HQ is not delivering high volumes, NY is generally uncongested and the price
for the entire state is set by gas generation in the East. When HQ delivers
high volumes, the system becomes congested and the west price is set by much
lower cost resources and the east price is set by gas generation. The impact
on the NY West price (Zone A) is at least $15 dollars. Since the majority of
the OTC trades are settled against this price, it gives HQ tremendous ability
to trade financially and then influence the settlement price. Large
generators in New York west could also do this but it would be quite costly
for them to withhold 1000 MW of generation and this would be easily noticed.
HQ however, has hydro generation and can easily store their water for
delivery another day.
HQ trades directly in the New York OTC market as HQ Energy Services (US)
Inc.. The general market realizes the impact that HQ can have on the
clearing price and will often pull out of the market when HQ is trading. I
have heard from a couple of sources that HQ is using Select to trade for them
to avoid this problem but I cannot confirm this.
Hope this helps clarify things.
Tom.
From: Christi L Nicolay @ ECT 09/22/2000 11:03 AM
To: Sarah Novosel/Corp/Enron@Enron
cc: Howard Fromer/HOU/EES@EES, James D Steffes/HOU/EES@EES, Kevin M
Presto/HOU/ECT@ECT, Tom May/Corp/Enron@Enron, Joe Hartsoe/Corp/Enron@Enron,
Richard Shapiro/HOU/EES@EES, Steven J Kean/NA/Enron@Enron
Subject: HQ Energy Mkt. Power
Tom May asked me to get a summary of what FERC reviewed and why FERC found
that HQ had mitigated its market power initially. HQ's 3 year update is due
in Nov.
HQ, acting through Select, has the ability to move the price $20 or more.
In accordance with our strategy to protest MBRs for problem utilties, EPMI
will most probably protest the HQ request for continuation of MBRs. Please
proceed with the RCR for Tabors and B&P to research this problem and begin
work on a protest. | {
"pile_set_name": "Enron Emails"
} |
See below. My comments are in quotation marks "".
Mitch
"Rippy, Roger" <[email protected]> on 12/07/2000 09:29:26 PM
To: <[email protected]>
cc: <[email protected]>
Subject: Schedule Updates
Mitch,
There are a few items on which I need your input in order to update the
schedules for Brownsville and Caledonia. Stuart has asked me to follow
up with you.
In re: Brownsville
I am still waiting on certain purchase orders from KVB Intertech and
Seimens (for telephone support), as well as any others that may be out
there.
"Mitchell/Ross, please have them faxed to my office number at 713-345-7384.
Time has become more critical. In order to save time, please also fax copies
directly to Roger's office - - the fax number is below"
In re: Caledonia
I am also waiting on a purchase order from KVB Intertech, as well as any
others that may be out there.
"Pat/Ross, please fax to my office and directly to Roger"
Further, I am waiting on some spill info for Schedule 4.1(n),
Environmental Matters, of Caledonia. Specifically, I need a blurb to
insert into the schedule.
"Already sent by Gus. Let me know if you need anything else."
Also, on Schedule 7.12, Stuart stated that you are preparing some
updated to Excluded Assets for Caledonia.
"Pat, you stated in our conference call that there were some items that might
have been at the plant that were of a personal nature and therefore would not
be included in the asset sale. In general, if they are low dollar (e.g.
$500), then I don't believe you need to specifically exclude them. This
isn't meant to be a big deal; what I don't want to have happen is the buyer
gets the plant and remembers a large drill press was at the plant and isn't
anymore because it was your personal press. Make sense??"
Finally, I am not clear on what to do on Schedule 4.1(v) on Caledonia in
regard to the defective blades as well as to some problem with the
(Westinghouse) bearings. I need blurbs to insert into the Schedules. I
have seen some documentation via e-mail, but do not know how these items
should be described in the Schedules.
"Had a discussion with a bidder this morning. I recommend the following
blurb. Please review from a legal stand point and advise. - - - Though the
generator bearings are operating correctly, the Brownsville turbine vendor
has implemented an upgrade to these bearings at other plants. Enron will
make commercially reasonably efforts to get the vendor to conduct this
upgrade as a warranty item. - - - The Caledonia turbine vendor has recently
issued a Technical Information Letter (TIL) that could limit turbine
operations during low ambient conditions. Enron will make commercially
reasonable efforts prior to deal closing to implement the control curve
changes recommended in the TIL - - - Enron will continue to make commercially
reasonable efforts to install new silencers on the exhaust of units 1 and 2
at Brownsville in an attempt to mitigate possible start-up noise. Enron will
provide XXXXXXX copies of technical descriptions of the silencer improvements
once received from the vendor. If vendors provide possible solutions that
substantially deviate from a silencer upgrade, Enron will get xxxxxxx's
concurence prior to proceeding. Enron will cover the cost of the silencer
upgrade up to $500,000, and Enron will make commercially reasonable efforts
to complete the upgrade prior to June 1, 2000. If the upgrade completion is
not likely to occur prior to June 1, 2000, Enron will get xxxxxx's
concurrence prior to proceeding."
Please update me at your earliest possible convenience as we are still
in negotiations with the counterparty and may be executing this
agreement this weekend.
Please call me with any questions.
Thanks.
RAR
Roger A. Rippy, Attorney
Andrews & Kurth LLP
600 Travis Street, Suite 4200
Houston, TX 77002
Phone: 713.220.4458
Fax: 713.238.7128
e-mail: [email protected] | {
"pile_set_name": "Enron Emails"
} |
----- Forwarded by Sheila Tweed/HOU/ECT on 12/19/2000 02:37 PM -----
Fred Mitro
12/19/2000 01:46 PM
To: Sheila Tweed/HOU/ECT@ECT
cc: Mike J Miller/HOU/ECT@ECT
Subject: Onondaga - Aquila CA
Sheila:
I talked with Aquila this morning and indicated that Enron is interested in
taking a look at the NIMO/Onondaga L.P. Index Swap Agreement for the purpose
of evaluating a potential monetization transaction. Aquila will forward me a
draft CA for our review. Once this document is in place, they are prepared
to send us the Index Swap Agreement(s).
Who is the appropriate Enron attorney to review the CA and handle term
sheets/Agreements related to the monetization (assuming that we decide to
proceed)?
Let me know.
Thanks,
Fred | {
"pile_set_name": "Enron Emails"
} |
FYI
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/14/2000
08:16 AM ---------------------------
"NW Whitepapers Download" <[email protected]> on 04/14/2000 03:33:59 AM
Please respond to "Whitepapers Download Help" <[email protected]>
To: <[email protected]>
cc:
Subject: Whitepaper Download
NETWORK WORLD FUSION FOCUS: Whitepaper Download newsletter
04/13/00
Dear Wincenty Kaminski,
LIVE showdown of network industry experts
at a FREE webcast!
Completely LIVE and unrehearsed! Join Network World's John Gallant and
leading experts as they take opposing sides to debate hot networking
issues taken from the headlines. Premieres May 5 at 1:00 p.m. ET.
Register now at:
http://www.itworld.com/itwebcast/nw
Today's Focus: Whitepaper Download
---------------------------------------------------------------
By Keith Shaw
Welcome back to another exciting issue of Network World,s White Paper
Download! Our continuing mission is to provide you with the latest
technology and product information, right from the vendors themselves,
as well as a quick summary and link to the white paper itself.
This week we look at memory definitions, intelligent networks, Windows
2000 certification and Web hosting solutions for e-business. Enjoy!
Crucial Technology
Memory: The Next Generation
Rambus (RDRAM) and DDR (Double Data Rate) SDRAM are two new types of
memory promising to make your computer run faster. They are also the
subject of much debate as industry experts analyze the performance,
cost, and availability of both technologies.
Learn more about the differences between Rambus (RDRAM) and Double Data
Rate (DDR) SDRAM from Crucial Technology. This white paper looks at
how the memory types differ structurally and at performance analysis.
http://www.nwfusion.com/go/wp041300_crucial.html
??FORE Systems?The Case for the Intelligent Infrastructure??As networks converge to support voice, video and data applications,?you,ll need networks that are intelligent to allow the deployment of?additional bandwidth without increasing administrative costs.?This paper describes an evolutionary approach to managing networks and?establishing an Intelligent Infrastructure capable of supporting?application convergence and increases in capacity without costly?network upgrades.?http://www.nwfusion.com/go/wp041300_fore.html?
Microsoft
The Business Value of Certified Applications
For a technology to have maximum value, it must deliver core benefits
to IT and to the organization. Simply put, these core benefits must
make life better and the job easier for IT while lowering the
technology's total cost of ownership (TCO) for the company.
The process of Windows 2000 Certification can help meet both of these
demands. This paper looks at the value and procedures involved of
Windows 2000 certification. It explains the process of certification
and also presents case studies of seven different companies who are
seeking or have received Windows 2000 certification.
http://www.nwfusion.com/go/wp041300_microsite.html
??Sprint?EBusiness / Web hosting??You,ve gotten your company past the year 2000 bug. Now what? As?businesses move beyond the Industrial Age and into the e-business age,?Web hosting is becoming a core tool for this migration.??This paper explores the issues and advantages of Web hosting, as well?as provides Sprint,s answer for a Web hosting solution for your company:?Part 1 -- http://www.nwfusion.com/go/wp041300_sprintebiz.html?Part 2 -- http://www.nwfusion.com/go/wp041300_sprintweb.html?
Editor,s Note: Last week,s link to Arrowpoint,s white paper was broken
for a bit, so if you couldn,t get to it here,s the updated link and
summary:
Arrowpoint Communications
Web Switching Defined: The Top 12 Benefits of Content
Intelligence
Exponential increases in Web traffic are causing major traffic jams at
the &exit ramps8 to Web servers and caches because today,s networking
equipment isn,t optimized for Web traffic. Enter Web switches, which
are armed with sophisticated URL load balancing, Network Address
Translation and embedded DNS intelligence capabilities.
http://www.nwfusion.com/go/wp041300_arrowpoint.html
??Want more white papers? Visit our Vendor White Paper area of?Network World Fusion:?http://www.nwfusion.com/whitepapers/index.html??
The white papers in this newsletter are provided by vendors who sponsor
their white papers on the Network World Fusion Web site. If your
company would like to sponsor its white papers on Fusion and in this
newsletter, call Sales Manager Jamie Kalbach at 610-971-1588.
?Subscription Services??To subscribe or unsubscribe to any Network World e-mail newsletter, go?to?http://www.nwwsubscribe.com/news/scripts/notprinteditnews.asp??To change your e-mail address, go to:?http://www.nwwsubscribe.com/news/scripts/changeemail.asp??Subscription questions? Contact Customer Service by replying to this?message.??Other questions/comments??Have editorial comments? Write Keith Shaw at [email protected]??Network World Fusion is part of IDG.net, the IDG Online Network.?IT All Starts Here:?http://www.idg.com??Copyright Network World, Inc., 2000? | {
"pile_set_name": "Enron Emails"
} |
Greetings:
How's things? Did we decide that you and Ted and Kim would be a team in the
finance class?
Signed,
Memory destroyed | {
"pile_set_name": "Enron Emails"
} |
The real deal: | {
"pile_set_name": "Enron Emails"
} |
Thanks, I think your list has real potential from a patent point of view.
Mark | {
"pile_set_name": "Enron Emails"
} |
Hello:
I received this by mistake.
Rick Curry <[email protected]> on 10/21/2000 05:45:42 PM
To: Jennifer Stewart Arnold <[email protected]>
cc:
Subject: Mexico Industrial
> MIHC is a consulting firm with offices in Mexico City and
> Los Angeles. We specialize in assisting foreign national
> corporations with regard to their real estate interest in
> Mexico.
>
> Currently our M,xico City office is representing a client
regarding the disposition of their surplus corporate assets in
country.
>
> They have three properties which may be might be of
> interest.
>
> 1. Light to Heavy Industrial building in Tula, Hidalgo (a
> well-populated industrial valley roughly 50 miles north of
> Mexico City). Deluxe all brick and concrete building is
> approximately 98,500 square feet with clear span ceiling
> height in excess of 30 ft. The site includes adjacent land,
> which would allow more than doubling the size of facility.
> Located in front of the PEMEX Hidalgo refinery /
> petrochemical plant and a Thermoelectric power generating
> station. Factory is equipment ready and could be in full
> production quickly.
>
> 2. Housing complex built for the Tula factory supervisory
> personnel consists of 32 three-bedroom garden style
> townhouse apartments and an independent eight bedroom
> extended stay dormitory for engineers. In a separately
> enclosed compound is a 3,800 square foot deluxe residence
> with 4-car garage designed for the plant manager or visiting
> officials. The property contains appropriate recreational
> and sports areas for families. It is entirely gated and
> fully secured.
>
> 3. Development site City of Puebla. This highly visible 8.7
> acres of flat land fronts the Puebla-Mexico City
> superhighway at a formal exit. It is at the entrance corner
> to an industrial area of other trans-national manufactures.
> Site is located approximately 5.5 miles north of the
> Volkswagen assembly plant.
>
> Prefer selling items 1 & 2 as a package, but will entertain
> separate offers. Would also consider long term lease with a
> creditworthy corporate tenant.
>
> With respect to item 3, a build to suit, again a
> long-term lease with a credit worthy corporate tenant is
> possible.
>
> All properties are surplus assets and therefore very
> aggressively priced. Factory and housing offered at
> substantially below replacement cost.
>
> For more information on these items and other services we
> provide in Mexico please visit our web site.
>
> http://www.MIHC.com.mx
>
> In the US:
>
> Rick Curry
> General Counsel
> MIHC - Los Angeles
> PH 213-308-0300
> email to: [email protected]
>
> In Mexico:
>
> Ari Feldman, CCIM, SIOR, CIPS
> Director General
> MIHC - Mexico City
> Phone from the US (011) (52) 5286-3458
> email to: [email protected] | {
"pile_set_name": "Enron Emails"
} |
----- Forwarded by Richard B Sanders/HOU/ECT on 09/28/2000 06:41 PM -----
Richard B Sanders
09/01/2000 01:16 PM
To: Richard B Sanders/HOU/ECT@ECT
cc:
Subject: Vibration Complaints at Gleason
----- Forwarded by Richard B Sanders/HOU/ECT on 09/01/2000 01:16 PM -----
Mitch Robinson@ENRON
07/10/2000 01:06 PM
To: Stuart Zisman/HOU/ECT@ECT
cc: Richard B Sanders/HOU/ECT@ECT, Eric Thode/Corp/Enron@ENRON, Tom
Callaghan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Vibration Complaints at Gleason
Stuart -
Fyi. Talked to Pete a few minutes ago. We filed a warranty claim with
Westinghouse. We will be running all units tomorrow, and we'll have a
Westinghouse engineer there to work on the problem. Pete has since called
all the people below back to explain what we are doing to verify whether
there is a problem or not.
Mitch
---------------------- Forwarded by Mitch Robinson/Corp/Enron on 07/10/2000
01:02 PM ---------------------------
Pete McCormick@ENRON_DEVELOPMENT
07/10/2000 12:36 PM
To: Tom Callaghan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mitch Robinson@Enron
cc:
Subject: Vibration Complaints at Gleason
Well, it continues. We have received 5 complaints from the vibrations
resulting from operation of Units #1 and #2. I have personally been to each
individuals residence since this morning to monitor for the vibrations and to
listen to the individuals. In all, every person just feels a little
frustrated by the problem, I have not ran across anyone that has been
unfriendly. Below I will list the individual complaints and my findings
visiting their residence.
Karen Ellis - Most likely the cause of most of the complaints, they are the
closest to the facility and have the most vibration from the units. While I
was at their residence I could feel the windows rattle, and at some points
feel the walls vibrate. There is a definite vibration present at this
residence.
Mr & Mrs. King - They called and complained but were unavailable to visit
their residence, they live in the same vacinity as Karen Ellis.
Lynda Stout - Very next house after Karen Ellis, stopped and visited with her
and Richard Black this morning, they are complaining about the vibrations but
while I was there I could not determine if there were any vibrations
occuring. Cannot eliminate the possibility.
Richard Black - Same as above, he seems like he may cause a little bit of
trouble. While I was visiting he said that he has rental property (the
trailer park) that he could not rent due to the vibrations. I could not
determine if Vibrations were present or not.
Clint Fuqua (something like that) - Lives in the OPPOSITE DIRECTION from all
other complaints. He stopped by this morning to complain (and pick up his
dog). I went to his house and visited, could not feel vibrations from his
residence, I believe if the wind direction were to change he would experience
some noise and vibration.
In all, everyone is just wanting to know if this will be permanent or just
temporary. I have explained to everyone that this will be temporary till we
can obtain the proper information to find a solution. The vibrations seem to
be getting worse as we run, I believe that Westinghouse has a problem in the
exhaust transition that they need to investigate.
I spoke with Curt Smith this morning and expressed the severity of this
problem and recommended that they get someone up here tomorrow, we are trying
to environmental testing out here tomorrow, I should know this afternoon if
this is possible.
We are also experienceing cracking in the exhaust area on the units,
Westinhouse is investigating as we speak. I believe they are associated.
Will keep you updated on the testing. Weare going to dispatch tomorrow, thats
why I want to get everyone out here if possible.
Peter | {
"pile_set_name": "Enron Emails"
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Nice picture! | {
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} |
The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete. Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein. Any
opinions expressed herein are solely those of the author. As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates. , 2001 Carr Futures
The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.
Option Candlesticks
http://www.carrfut.com/research/Energy1/candlesticks22.pdf
Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606 USA
Tel: 312-368-6149
Fax: 312-368-2281
[email protected]
http://www.carrfut.com | {
"pile_set_name": "Enron Emails"
} |
LS HPL LSK IC 8.750 / Enron | {
"pile_set_name": "Enron Emails"
} |
Nutcracker Tickets Fabulous seats for the final Nutcracker full dress
rehearsal - including Founders' Box seats - are available for
Wednesday, November 22, 7:30 p.m. at the Wortham Theater. Supply is
limited, so buy your ticket soon
for a first peak at the highlight of the holiday performance season. Tickets
are only $10! They're first come first serve
and are available in EB 407.
Free Popcorn at Bring a book to the movies and get free popcorn! Enron's
Prescription for Reading Book Drive is on Saturday,
the Movies! November 25, noon to 4:00 p.m. Bring a new or gently used
children's book to one of the following Cinemark
Theaters on November 25. With your gift, you will receive a small popcorn to
enjoy during the release of Disney's
102 Dalmatians, or any other great movie!
Cinemark 24 Westchase - 3600 Sam Houston Parkway
Cinemark 16 - 12920 Northwest Freeway
Cinemark 16 - Pasadena
Cinemark 18 - 20915 Gulf Freeway
Enron's Prescription for Reading program, a Reach Out & Read program, is an
early literacy intervention program
that is implemented in pediatric healthcare clinics and targets children
between the ages of 6 months and 5 years
during their well-baby check-ups at UT-Houston facilities.
Big E Cafe - Don't be a Grinch this Holiday Season! Help spread the Holiday
Cheer and give your time and effort back to
December 1 the community. Come out to the Big E Cafe on Friday, December 1
from 11:30 a.m to 1:00 p.m. and check out the
opportunities to sign up for community volunteer projects. Lunch is only $5.
Bring a toy, clothing item, or
canned good and receive $1 off lunch! Be sure to also check out information
on the galleryfurniture.com bowl; you
will receive a coupon for a free Chic-Fil-A sandwich with the purchase of a
bowl game ticket at Big E! Entertainment
will be provided by the Gary-Dahl Band, with special appearances by The
Grinch!
Foley's Friday CHANGE HOUSTON 2000, a city-wide campaign benefiting SEARCH,
will be at 14 Foley's locations around Houston
Volunteers! on November 24 - the day after Thanksgiving. Volunteers are
needed to help collect money, "cheerlead" shoppers to
donate, and hand out information about SEARCH. This is an excellent
opportunity for friends and family to get
together during the biggest shopping day of the year and give back to the
community. Please contact Stephanie
Harris at 713-739-7752 ext.142 for more information. Come out and have a
wonderful time!
MFA Volunteers for You are invited to the Museum of Fine Arts Corporate
Partner Holiday Party on December 12 from 7:00 p.m.
Holiday Party to 9:00 p.m, but volunteers are needed to help with fun and
exciting preparations! The party is free for all corporate
partner company employees and their families. In addition to helping out
with face-painting, escorting guests, and
assisting with photographers and Santa Claus throughout the night, the party
features seasonal decor,
holiday craft projects, and delicious desserts! Contact India
Kerr-Perkinson at 713-639-7570 for more information
and or click here to print out the volunteer form.
Enron Kids Holiday We still have a few students that need caring Enron
sponsors! Come participate with Enron Kids, a program
Fun! that helps provide books and equipment for schools in need. Sponsor a
student or team up with co-workers or your
department to provide a bag full of holiday cheer to an HISD Burrus
Elementary student! A shopping committee
can shop for you if your schedule does not give you the time. Sign-ups are:
November 14, 16, 17: 11:00 a.m. - 1:00 p.m. Sponsor Sign-Up in the Enron
Building lobby
November 15: 11:00 a.m. - 1:00 p.m. Sponsor Sign-Up in 3AC 601
November 15: 11:00 a.m. - 1:00 p.m. Sponsor Sign-Up in Jefferson
Bldg. Ground Floor Conference Room
Gift drop-offs will be on December 4-8, and the holiday party for Enron Kids
will be at Burrus Elementary on Thursday,
December 14, with transportation available to sponsors. For more
information, contact Geneva Davis at ext. 35517
or Leslie Campbell at ext. 35983.
Ceridian LifeWorks Celebrations. Travel. Traditions. Shopping.
Expectations. Memories. With all the anticipation, and all your
Helps Your Holidays! obligations at work and home, sometimes it can be hard
to stop and really enjoy the holidays. That's why LifeWorks
is here to help you. For some great tips, access LifeWorks by calling
800-635-0606 or visit LifeWorks Online at
www.lifeworks.com (company id: enron, password: 2000).
Flu Vaccine The flu vaccine is scheduled to arrive before December 1. Due to
its limited supply, you are encouraged to
Update email your vaccine request as soon as possible to
[email protected]. You will be notified by
email when the vaccine is available. | {
"pile_set_name": "Enron Emails"
} |
------------------------------------------------------------------------------
------------------------
W E E K E N D S Y S T E M S A V A I L A B I L I T Y
F O R
June 29, 2001 5:00pm through July 2, 2001 12:00am
------------------------------------------------------------------------------
------------------------
ECS to ECN Network Interconnection July 14, 2001
This is a notification that the Enron Corp. I/T Networks team will be
connecting the new building network infrastructure located in Enron Center
South (ECS) to the existing Enron Center North (ECN) backbone network. While
this activity is not expected to produce a disruption to network services,
this notice is designed to alert the organization to our activities. No
network hardware or systems are anticipated to be shutdown. The actual
physical interconnection of the networks will be performed in the EB 34th
floor Data Center.
Interconnection activities are scheduled to occur the evening of July 14,
2001 starting from 7:00 p.m.(CT) and completing around 11:00 p.m. (CT).
Application testing activities will begin at 11:00 p.m. (CT) once all network
testing has completed.
If you have any further questions, please contact Pete Castrejana at
713-410-0642 for more information.
SCHEDULED SYSTEM OUTAGES:
ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.
AZURIX: No Scheduled Outages.
EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.
EDI SERVER: SEE ORIGINAL REPORT
ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages
ENRON NORTH AMERICAN LANS:
Impact: NAHOU-APPR1 and NAHOU APPR2
Time: Sat 6/30/2001 at 10:30:00 PM CT thru Sun 7/1/2001 at 12:30:00 AM CT
Sat 6/30/2001 at 8:30:00 PM PT thru Sat 6/30/2001 at 10:30:00 PM PT
Sun 7/1/2001 at 4:30:00 AM London thru Sun 7/1/2001 at 6:30:00 AM London
Outage: CORP-Houston General Application Server Volume Upgrade
Environments Impacted: All Housotn CORP domain users logging into the DFS
\\enehou\houston\appsrw or R: drive.
Enpower CAPS, Sitara, CMS, Equity trading systems (eqpm directory), Adaytum,
CQG, TMS, PowerMap Europe, PowerDat Europe, MapInfo Professional,
Secretariat
Purpose: To increase storage capacity to allow for addtional applications to
be added to the managed application infrastructure.
Backout: Revert to secondary node as the primary and restore primary node to
original configuration.
Contact(s): Brian Larkin 713-853-6985
FIELD SERVICES: No Scheduled Outages.
INTERNET: No Scheduled Outages.
MESSAGING: No Scheduled Outages.
MARKET DATA: No Scheduled Outages.
NT: No Scheduled Outages.
OS/2: No Scheduled Outages.
OTHER SYSTEMS: ALSO SEE ORIGINAL REPORT
Impact: CORP
Time: Fri 6/29/2001 at 5:00:00 PM CT thru Fri 6/29/2001 at 6:00:00 PM CT
Fri 6/29/2001 at 3:00:00 PM PT thru Fri 6/29/2001 at 4:00:00 PM PT
Fri 6/29/2001 at 11:00:00 PM London thru Sat 6/30/2001 at 12:00:00 AM
London
Outage: Upgrading Tibco on EOL Standalone Workstations
Environments Impacted: Corp
Purpose: The new release of the EOL internal products will require the
updated verwsion of the Tibco Rendezvous client.
Backout:
Contact(s): Mark Hall 713-853-3380
SITARA: No Scheduled Outages.
SUN/OSS SYSTEM: No Scheduled Outages.
TELEPHONY: No Scheduled Outages
TERMINAL SERVER: No Scheduled Outages.
UNIFY: No Scheduled Outages.
SCHEDULED SYSTEM OUTAGES: Australia
Impact: CORP
Time: Mon 2-July-2001 at 06:00:00 AM Sydney thru Mon 2-July-2001 at
07:00:00 AM Sydney
Sun 1-July-2001 at 21:00:00 PM GMT (London) thru Sun 1-July-2001 at
22:00:00 PM GMT (London)
Sun 7/1/2001 at 3:00:00 PM CT (Houston) thru Sun 7/1/2001 at 4:00:00 PM CT
(Houston)
Outage: Moving of UPS
Environments Impacted: Corp Sydney - all systems
Purpose: New Server Room buildout requires us to move the current (faulty)
UPS. We will take this opportunity to rewire the server power circuits to
allow UPS removal & prepare for the installation of a UPS bypass switch.
Backout: Restore wiring for UPS (unlikely)
Contact(s): David Brown +61-407-772-884
Chris Dodds +61-416-169-701
Elliott Katz +61-405-146-026
------------------------------------------------------------------------------
-----------------------------------------------
FOR ASSISTANCE
(713) 853-1411 Enron Resolution Center
Specific Help:
Information Risk Management (713) 853-5536
SAP/ISC
(713) 345-4727
Unify On-Call (713) 284-3757 [Pager]
Sitara On-Call (713) 288-0101 [Pager]
RUS/GOPS/GeoTools/APRS (713) 639-9726 [Pager]
OSS/UA4/TARP (713) 285-3165 [Pager]
CPR (713) 284-4175 [Pager]
EDI Support (713) 327-3893 [Pager]
EES Help Desk (713)853-9797 OR (888)853-9797
TDS -Trader Decision Support On-Call (713) 327-6032 [Pager] | {
"pile_set_name": "Enron Emails"
} |
Alison Keogh - Australia | {
"pile_set_name": "Enron Emails"
} |
----- Forwarded by Jeff Dasovich/NA/Enron on 03/19/2001 12:20 PM -----
"Katie Kaplan" <[email protected]>
03/19/2001 12:09 PM
To: "'Katie Kaplan'" <[email protected]>, "'Andy Brown (E-mail)'"
<[email protected]>, "'B Brown Andy (E-mail)'" <[email protected]>,
"'Baker Carolyn (E-mail)'" <[email protected]>, "'Bob Escalante
(E-mail)'" <[email protected]>, "'Bob Weisenmiller (E-mail)'"
<[email protected]>, "'Curtis Kebler (E-mail)'"
<[email protected]>, "'Douglas Kerner (E-mail)'"
<[email protected]>, "'Greg Blue (E-mail)'" <[email protected]>, "'Jan
Smutny-Jones (E-mail)'" <[email protected]>, "'Jean Munoz (E-mail)'"
<[email protected]>, "'Jeff Dasovich (E-mail)'"
<[email protected]>, "'Joe Ronan (E-mail)'" <[email protected]>, "'John
Larrea (E-mail)'" <[email protected]>, "'John Stout (E-mail)'"
<[email protected]>, "'Julee Malinowski-Ball (E-mail)'"
<[email protected]>, "'Kassandra Gough (E-mail)'" <[email protected]>, "'kent
Palmerton (E-mail)'" <[email protected]>, "'Kristin Vellandi
(E-mail)'" <[email protected]>, "'Lynn Lednicky (E-mail)'"
<[email protected]>, "'Marty Wilson (E-mail)'" <[email protected]>,
"'McNally Ray (E-mail)'" <[email protected]>, "''Nam Nguyen'
(E-mail)'" <[email protected]>, "'Norton Kelli (E-mail)'"
<[email protected]>, "'Paula Hall-Collins (E-mail)'"
<[email protected]>, "'Pigott Jack (E-mail)'"
<[email protected]>, "'Richard Hyde (E-mail)'" <[email protected]>,
"'Roger Pelote (E-mail)'" <[email protected]>, "'Stephanie-Newell
(E-mail)'" <[email protected]>, "'Sue Mara (E-mail)'"
<[email protected]>, "'Theo Pahos (E-mail)'" <[email protected]>, "'Tom Ross
(E-mail)'" <[email protected]>
cc: "'Carol H Hudson (E-mail)'" <[email protected]>, "'Jan Smutny-Jones
(E-mail)'" <[email protected]>, "'Steven Kelly (E-mail)'" <[email protected]>,
"'Bill Carlson (E-mail)'" <[email protected]>, "'Bill Woods
(E-mail)'" <[email protected]>, "'Bob Ellery (E-mail)'"
<[email protected]>, "'Bob Gates (E-mail)'" <[email protected]>, "'Cody
Carter (E-mail)'" <[email protected]>, "'Curt Hatton (E-mail)'"
<[email protected]>, "'David Parquet'" <[email protected]>,
"'Dean Gosselin (E-mail)'" <[email protected]>, "'Doug Fernley (E-mail)'"
<[email protected]>, "'Duane Nelsen (E-mail)'"
<[email protected]>, "'Ed Tomeo (E-mail)'" <[email protected]>,
"'Eileen Koch (E-mail)'" <[email protected]>, "'Eric Eisenman (E-mail)'"
<[email protected]>, "'Frank DeRosa (E-mail)'"
<[email protected]>, "'Frazier Blaylock (E-mail)'"
<[email protected]>, "'Hap Boyd (E-mail)'"
<[email protected]>, "'Hawks Jack (E-mail)'" <[email protected]>, "'Jim
Willey (E-mail)'" <[email protected]>, "'Joe Greco (E-mail)'"
<[email protected]>, "'Jonathan Weisgall (E-mail)'"
<[email protected]>, "'Kate Castillo (E-mail)'" <[email protected]>,
"'Kelly Lloyd (E-mail)'" <[email protected]>, "'Ken Hoffman (E-mail)'"
<[email protected]>, "'Kent Fickett (E-mail)'"
<[email protected]>, "'Lynn Lednicky (E-mail)'"
<[email protected]>, "'Marty McFadden (E-mail)'"
<[email protected]>, "'Paula Soos'"
<[email protected]>, "'Randy Hickok (E-mail)'"
<[email protected]>, "'Rick S. Koebbe (E-mail)'"
<[email protected]>, "'Ross Ain (E-mail)'" <[email protected]>,
"'Steve Iliff'" <[email protected]>, "'Steve Ponder (E-mail)'"
<[email protected]>, "'Tony Wetzel (E-mail)'" <[email protected]>,
"'William Hall (E-mail)'" <[email protected]>
Subject: Public Affairs Committee Conference Call Wednesday at 10:00 a.m.
Greetings:
We will have a Public Affairs conference call on Wednesday at 10:00 PST to
discuss the game plan for the next week, distributions and other related
issues. Agenda and updated memo to follow later today.
Call in number for Wednesday 10:00 a.m. PST:
1-800-486-2460
The Pass-code is:
120895
Katie Kaplan
Manager of State Policy Affairs
Independent Energy Producers Association
(916) 448-9499
- winmail.dat | {
"pile_set_name": "Enron Emails"
} |
you know, i'm afraid to say that I have no idea.....
Paul Kaufman@ECT
04/09/2001 10:14 AM
To: Jeff Dasovich/Na/Enron@ENRON
cc:
Subject: Re: NEWSMAKER PROFILE--Dennis Montali: Bankruptcy Judge Faces
Challenge of His Career
Well-known expert in complex cases; When to Hold 'Em, Fold 'Em: It might be a
long time before PG&E shares rebound
Didn't Pillsbury used to represent PG&E? I know they were virtually captive
to Chevron for many years, but I thought PG&E as well???? | {
"pile_set_name": "Enron Emails"
} |
Roman Kosecki
Phone: (973) 733 2771
(562) 951 1790 (CA)
(201) 222 0435 (h)
[email protected] | {
"pile_set_name": "Enron Emails"
} |
Deal # 460860 is entered as flowing every day of the week. Is this correct?
Please let me know when it is changed.
Thanks! | {
"pile_set_name": "Enron Emails"
} |
I don't know where all those pictures are. We received them online, so I am sure they are lost. Donnie may have them. Remember, he was dressed as Austin Powers.
Stacey
-----Original Message-----
From: Postlethwaite, John
Sent: Friday, October 19, 2001 12:11 PM
To: White, Stacey W.
Subject: FW: Happy Halloween Contest and Lunch!
This reminded me of the year we got the email picture from the West group when they were dressed up for halloween. Do you know if that is still floating around anywhere?
John
-----Original Message-----
From: Villeggiante, Theresa
Sent: Friday, October 19, 2001 10:10 AM
To: DL-Portland World Trade Center
Subject: Happy Halloween Contest and Lunch!
<< OLE Object: Picture (Metafile) >> What are you going to be this year??? << OLE Object: Picture (Metafile) >>
Please join us in our Halloween costume contest on October 31st.
Pizza and treats will be provided for the floor.
<< OLE Object: Picture (Metafile) >> << OLE Object: Picture (Metafile) >> << OLE Object: Picture (Metafile) >>
We hope you will join us in Halloween fun by dressing up to win a spooky prize.
The four categories will be..... Best, Scariest, funniest, and most original!!!
Which one will you be???
<< OLE Object: Picture (Metafile) >> | {
"pile_set_name": "Enron Emails"
} |
thanks.
PL | {
"pile_set_name": "Enron Emails"
} |
Dear Keith,
With the holiday approaching many of you are looking forward to a few
days off and to spending time with family and friends. If you have
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#280 CST#2050374-40 | {
"pile_set_name": "Enron Emails"
} |
Hey Sweetie,
Wazzup! Get up, Get Down, Get Funky, Get Loose! I see that you are already
on the internet. Send me something CUTE.
Love,
Mom | {
"pile_set_name": "Enron Emails"
} |
Vince,
Plese call me so I can set up a time for you to come to New York to Visit with Morgan Stanley.
They would like to see you soon.
Bill
William J. Toriello
Director of Energy Recruitment
Brookville Search, Inc.
212-697-8080 x3103 | {
"pile_set_name": "Enron Emails"
} |
here is a later version with more appropriate cites --
Thanks, Ron. | {
"pile_set_name": "Enron Emails"
} |
FROM SHONNIE DANIEL:
Just a reminder that there will be a meeting this morning at 11:15 in 38C2
regarding the Denver Projects. See you there. | {
"pile_set_name": "Enron Emails"
} |
Thanks. Any view on the likelihood that the brief will have weight?
Best,
Jeff
Vicki Sharp@EES
04/11/2001 10:51 AM
To: Jeff Dasovich/Na/Enron@ENRON
cc: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron,
[email protected]@ENRON, [email protected]@ENRON, Karen Denne/Corp/Enron@ENRON,
Mike D Smith/HOU/EES@EES, Robert C Williams/Enron@EnronXGate@ENRON, Paul
Kaufman/PDX/ECT@ECT@ENRON, Sandra McCubbin/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, [email protected]@ENRON
Subject: Re: Attorney General May File Amicus in UC Case Against Enron
Jeff, this was filed last week. The hearing is this morning. We are waiting
for a report from Bob and Mike, who are in SF. The Asst AG may be arguing
at the hearing today.
From: Jeff Dasovich@ENRON on 04/11/2001 10:41 AM
Sent by: Jeff Dasovich@ENRON
To: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron,
[email protected], [email protected], Karen Denne/Corp/Enron@ENRON, Mike D
Smith/HOU/EES@EES, Robert C Williams/Enron@EnronXGate, Paul
Kaufman/PDX/ECT@ECT, Vicki Sharp/HOU/EES@EES, Sandra McCubbin/NA/Enron@Enron,
Susan J Mara/NA/Enron@ENRON, [email protected]
cc:
Subject: Attorney General May File Amicus in UC Case Against Enron
Sue Mara (who's having computer problems today) just informed me that she's
heard a rumor floating around that Lockyear (sp?), the CA Attorney General,
or someone from his office, will file an amicus brief with the court today
supporting UC's action against us. We'll try to get more info and report
back. Vicki/Mike/Bob: I'm assuming that you folks and/or our attorney's
will be there, so we'll get the details of any such appearance by the AG.
Best,
Jeff | {
"pile_set_name": "Enron Emails"
} |
It looks like one of our schedules got cut. I'm checking with Phil Platter on
this one, and I'll let you know when I find out.
Kate
Stephanie Piwetz 04/02/2001 12:00 PM
To: Kate Symes/PDX/ECT@ECT
cc:
Subject: Deal 565759.01
Kate, please check, deal 565759.01, I verballed the trade with APB on Friday
3/30/01
Enron Sells Idaho
4/2-4/2
220.00 total mw s400
sp 15
Looks like it has been changed, each hour a different mw.
Please let me know the details.
Thanks
Stephanie | {
"pile_set_name": "Enron Emails"
} |
Thank you for selecting and registering your Brenthaven
Topload (3610) - the most protective, lightweight and
comfortable notebook computer case on the market today.
We've included a feature information page for your new
case with this e-mail. This attachment document is saved
in PDF format for easy printing and viewing. If you
don't have the Adobe Acrobat Viewer loaded on your
computer, simply download your free version by clicking
here: http://www.adobe.com/products/acrobat/readstep.html
Again, thanks for choosing Brenthaven.
- Topload.pdf | {
"pile_set_name": "Enron Emails"
} |
FYI.
Bob
---------------------- Forwarded by Robert Cotten/HOU/ECT on 12/07/2000 10:12
AM ---------------------------
Nick Moshou@ENRON
12/07/2000 10:13 AM
To: Christy Sweeney/HOU/ECT@ECT, Gary Bryan/HOU/ECT@ECT
cc: Vance L Taylor/HOU/ECT@ECT, Robert Cotten/HOU/ECT@ECT
Subject: Re: Spinnaker - Supply Verification 11958SU - October 2000
production
Christy,
Per our conversation I have attached below the updated version of the
Reallocation difference. Texas General Land received 21.8945% of the total
volume which was 55,645 mmbtu. After updating the spreadsheet Spinnaker will
owe HPL approximately $36,000.
Thanks,
Nick | {
"pile_set_name": "Enron Emails"
} |
Sara,
Thank you for your fax.
Section 180.3 of the CEA prohibits us from agreeing to any settlement
procedure/forum ahead of time. JPMFI, in accordance with 180.3, will offer 3
forums - which will include AAA. If Enron chooses AAA, the arbitration will
be
subject to the provisions specified in your fax dd 2/26/2001.
Attached is JPM's proposed language for the arbitration agreement.
(See attached file: ARBITRATION AGREEMENT.doc)
If you are in agreement with the language, please forward Enron's proposed
language (detailed in your 2/26 fax) electronically (if available).
Thank you and Regards,
Corinne
[email protected] on 02/26/2001 12:36:22 PM
To: [email protected]
cc:
Subject: futures agreement
Corinne:
I just sent you a fax re: arbitration.
I have not heard from your salesperson re: interest schedule for debit
rate (Sec. 2) and credit rate (Sec. 6). Thanks.
Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas 77002
713-853-5620 (phone)
713-646-3490 (fax)
[email protected]
- ARBITRATION AGREEMENT.doc | {
"pile_set_name": "Enron Emails"
} |
Attached for your review is the latest press release announcing Rebecca
Mark's resignation from the Enron board and an employee memo we would like to
send via email to all Enron employees. If you have any comments or changes,
please let me know by noon.
Thank you.
Karen
x39757 | {
"pile_set_name": "Enron Emails"
} |
Forbes.com Daily Newsletter December 14, 2001
---------------------------------------------
*Enron's Mysterious, Troubled Core
*Why Amgen Should Not Buy Immunex
*Bridging The Palm/Pc Gap
*Gene Tests: Medicine's New Gold Mine
*Hard-Asset Plays
*Hollywood House Hopping
=================================================================
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http://tm0.com/forbes/sbct.cgi?s=167547968&i=424372&d=2121421
=================================================================
ENRON'S MYSTERIOUS, TROUBLED CORE
Dan Ackman
Enron's bankruptcy plan: sell its "core" business. But what,
exactly, is that?
http://tm0.com/forbes/sbct.cgi?s=167547968&i=424372&d=2121422
WHY AMGEN SHOULD NOT BUY IMMUNEX
12.13.01, 7:05 PM ET - Matthew Herper
It would be the biggest biotech merger ever by far. That doesn't
mean that it's a good idea.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=424372&d=2121423
BRIDGING THE PALM/PC GAP
12.14.01, 10:00 AM ET - Arik Hesseldahl
Review: Documents to Go from Dataviz opens up a whole new world
for users of Palm devices.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=424372&d=2121424
GENE TESTS: MEDICINE'S NEW GOLD MINE
12.14.01, 8:00 AM ET - Matthew Herper
Roche looks as if it will dominate a new medical market. But
don't count out Abbott Laboratories.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=424372&d=2121425
HARD-ASSET PLAYS
12.14.01, 9:00 AM ET - Andrew T. Gillies
Eventually the economy will rebound, but now might be the time to
invest in natural-resource firms.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=424372&d=2121426
HOLLYWOOD HOUSE HOPPING
12.14.01, 12:01 AM ET - Anna Rohleder
Brad, Jerry, Madonna and Arnold all bought homes from other movie
stars--but it's not as common as you might think.
http://tm0.com/forbes/sbct.cgi?s=167547968&i=424372&d=2121427
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------------------------------------------------------------------ | {
"pile_set_name": "Enron Emails"
} |
The following report is comprised of what was discussed at the Commission meeting held yesterday and additional intelligence gathered from FERC staffers after the meeting. We are awaiting the final order and will update this report as soon as it issues. Generally, the order is expected to expand the scope of the Commission's April 26 Order, and this report will highlight the differences.
Geographical Scope- Mitigation is extended to cover all 11 western states.
Term- The term of the order will be extended to cover 2 summers. We expect the order to issue today. If so, the order will take effect at midnight tonight and continue in effect until 9/30/02.
Spot Market- Defined as sales of 24 hours or less, transacted on the day of delivery or the day prior to delivery.
Must Sell- To prevent physical withholding, the plan will require all sellers to offer all their available power in real time. All California generators, even those not subject to FERC price regulation, will be required to sell into the ISO's real time market. Sellers in the rest of the WSCC are similarly required to sell, except that they are not required to sell into California and can choose their spot market. They will be required to post available power on the Western Systems Power Pool board. Hydroelectric facilities will continue to be exempted.
Price Mitigation- Expanded to be in place 24 hours per day, 7 days per week. Applies to all sellers, including marketers and non-public utilities. The plan retains a single market clearing price auction for the spot market, based on marginal cost bids. The proxy price formula is changed in several respects:
1. Gas price will be the average of the mid-point of the monthly bid week prices as reported in Gas Daily for Malin, SoCal Gas Large Packages and PG&E City Gate.
2. O&M increases from $2 to $6.
3. Fuel start-up and emissions costs are eliminated from the formula and uplifted from the ISO (i.e. these costs will be recovered from the ISO, but will not go into setting the proxy price).
4. Similarly, a credit adder of 10% will apply, only in CA.
A reserve deficiency in CA (7% or less) also triggers mitigation for the rest of the WSCC. The applicable price during reserve deficiency periods is the proxy price outlined above. During times when no reserve deficiency exists, the mitigated price will be 85% of the highest price calculated in the last Stage 1 emergency. This price will be in effect until the next Stage 1 emergency. Sellers can bid higher than the proxy, with justification, during periods of reserve deficiency or when no reserve deficiency exists; PROVIDED THAT MARKETERS MAY NOT BID ABOVE THE PROXY PRICE. FERC will consider the entire portfolio of a seller who seeks to justify a higher price than the proxy. Generators may seek cost based rates for their entire portfolio in CA if they so choose (i.e. no cherry picking).
Demand Side Management- The plan originally set forth in the April 26 order is expected be removed in this order.
ISO Reporting- ISO will need to report on a quarterly basis as to the status of building supply in CA.
Comments- Comments will be sought on the issue of whether the price mitigation formula should be adjusted in response to expected varying load conditions due to seasonal changes.
Settlement Conference- The settlement judge will convene a settlement conference on the refund issue no later than June 25 (next Monday) and the parties will have 15 days to settle. A report from the judge to the Commission is due 7 days thereafter (for a total of 22 days).
Issues that are NOT expected to be addressed in the order include confidentiality, ISO board issues, ISO scheduling penalty application, and market based rate authorization. The Order is not finally issued as of yet, and the status of the foregoing items could change upon issuance of a Final Order. We will keep you posted.
Ray Alvarez | {
"pile_set_name": "Enron Emails"
} |
Start Date: 4/16/01; HourAhead hour: 20; No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.
LOG MESSAGES:
PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041620.txt
---- SC Trades Schedule ----
+++ Hour 20 - bad data from ISO.
TRANS_TYPE: FINAL
SC_ID: EPMI
MKT_TYPE: 2
TRANS_DATE: 4/16/01
TRADING_SC: PGAE
PNT_OF_INTRC: NP15
SCHED_TYPE: ENGY
PURCH_SALE: 2
DEAL_NO: 1 | {
"pile_set_name": "Enron Emails"
} |
We will agree that the attached does not apply to world hunger - only to
Turbo Park.
Rose
[email protected]
12/06/2000 03:33 PM
To: [email protected], [email protected], [email protected],
[email protected]
cc: [email protected], [email protected], [email protected]
Subject: New, Improved Consent to Assignment and Assignment Sideletter Lan
guage
Fellow Sufferers,
Below you will find:
(a) a revised Consent to Assignment, and
(b) assignment language waiting to be framed:
Please note that in the interest of time I am sending them to you before the
GE team has had an opportunity to review them. Accordingly, there may be
some addition comments from our side.
Happy reading!
Mike Barnas
g _____________
Michael C. Barnas
Counsel, Power Plants Commercial Operations
GE Power Systems
One River Road - Building 37, Room 307
Schenectady, NY 12345 USA
Phone 8*235-7602 (518) 385 7602
Fax 8*235 5466 (518) 385 5466
Mobile 518 369 9538
This message is intended only for the use of the individual or entity to
which it is addressed, and may contain information that is privileged,
confidential and exempt from disclosure under applicable law. If the reader
of this message is not the intended recipient, or the employee or agent
responsible for delivering the message to the intended recipient, you are
hereby notified that any dissemination, distribution or copying of this
communication is strictly prohibited. If you have received this message in
error, please notify us immediately by return e-mail and erase all copies of
this message. Thank you.
- ESAconsentMCBRev.doc
- WorldHungerAssignmentDec6.doc | {
"pile_set_name": "Enron Emails"
} |
The report named: West VaR and Off-Peak Position Report By Trader <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=27&report_name=West+VaR+and+Off-Peak+Position+Report+By+Trader&category_cd=6&category_name=WEST&toc_hide=1&sTV1=6&TV1Exp=Y¤t_efct_date=10/22/2001>, published as of 10/22/2001 is now available for viewing on the website. | {
"pile_set_name": "Enron Emails"
} |
sorry you can't make it. it'd be fun to have you and i'm sure everyone would
like to see you, especially kim and suzanne. i'm travelling a good part of
next week. let's shoot for the following week.
-----Original Message-----
From: Gang, Lisa [mailto:[email protected]]
Sent: Friday, June 21, 2002 8:37 AM
To: ELLIOT (E-mail)
Subject:
hey sweet cheeks....how the hell are ya????how's BPA? i bet you will do so
well there...let me know when you become the next vp of power...hey i'm not
going to make it your party...i completely flaked.... can we get together
for lunch or dinner next week? i would love to see ya...
lisa
**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at [email protected] and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
********************************************************************** | {
"pile_set_name": "Enron Emails"
} |
Karen, I thought you guys were creating a manual invoice and sending it out the door. We can put all of this activity in our gas system for tracking and g/l purposes ( I think). I have not worried about it because I thought this activity was going away, or at least out of the Estate Team area where Robin Barbe and I work.
I keep wondering if this activity should go to Greg Sharps group (OpCo or New Co, whatever its called)?
The accounting contact at TXU is Mydra Derden and her number is 214-875-9473.
-----Original Message-----
From: Mazowita, Mike
Sent: Wednesday, June 05, 2002 9:04 AM
To: Germany, Chris
Subject: FW: Ponderosa Sales to TXU for May 2002
Chris,
Can you help Karen out here???
1) Is there a TXU Settlements person we can talk to regarding this difference in payment???
2) At one time, you were contemplating putting our deal into the "system". Did this happen and are invoices being generated from this system??
MM
-----Original Message-----
From: Herrmann, Karen
Sent: Tuesday, June 04, 2002 12:10 PM
To: Mazowita, Mike
Subject: RE: Ponderosa Sales to TXU for May 2002
Mike, on May 29, a deposit was made into the Chase account in the amount of $925,244.97. Would this be the deposit from TXU for April's gas sales? According to Chris's schedule, they owed us $952,055 for April. Any thoughts or comments?
Thanks,
Karen
ps: who is invoicing TXU for what they owe us?
-----Original Message-----
From: Germany, Chris
Sent: Friday, May 31, 2002 4:02 PM
To: Germany, Chris; Barbe, Robin; Mazowita, Mike; Kelly, Katherine L.; Denetsosie, Troy; Brady, Kevin; Vos, Theresa; Herrmann, Karen
Cc: Hill, Garrick
Subject: RE: Ponderosa Sales to TXU for May 2002
price for gas sold 5/25 - 5/28 $2.7550
Sold 10,000 for 5/29 at gas daily waha - $.05 which is $2.7700
Sold 10,500 for 5/30 at gas daily waha - $.05 which is $2.8750
Sold 15,000 for 5/31 at gas daily waha - $.05 which is $2.9750
Karen, Theresa, all the sales data for May is in the attached worksheet under "may02".
<< File: MARGAS.xls >>
-----Original Message-----
From: Germany, Chris
Sent: Friday, May 24, 2002 10:41 AM
To: Barbe, Robin; Mazowita, Mike; Kelly, Katherine L.; Denetsosie, Troy; Brady, Kevin
Cc: Hill, Garrick
Subject: RE: Ponderosa Sales to TXU for May 2002
sold 10,000 for 5/24 at gas daily waha - $.05 which is $3.035
and 10,000 for 5/25 - 5/28 at gas daily waha - $.05
-----Original Message-----
From: Barbe, Robin
Sent: Wednesday, May 22, 2002 1:21 PM
To: Barbe, Robin; Germany, Chris; Mazowita, Mike; Kelly, Katherine L.; Denetsosie, Troy; Brady, Kevin
Cc: Hill, Garrick
Subject: RE: Ponderosa Sales to TXU for May 2002
the gas price for the 5000 for gas day 5/22 is $2.985. i sold txu 10MM for 5/23 at gas daily waha - $0.05 again.
-----Original Message-----
From: Barbe, Robin
Sent: Tuesday, May 21, 2002 10:38 AM
To: Barbe, Robin; Germany, Chris; Mazowita, Mike; Kelly, Katherine L.; Denetsosie, Troy; Brady, Kevin
Cc: Hill, Garrick
Subject: RE: Ponderosa Sales to TXU for May 2002
the gas price for the 6500 for 5/21 is $3.095. sold txu 5000 for gas day 5/22 at waha gas daily avg - $0.05.
-----Original Message-----
From: Barbe, Robin
Sent: Monday, May 20, 2002 10:05 AM
To: Barbe, Robin; Germany, Chris; Mazowita, Mike; Kelly, Katherine L.; Denetsosie, Troy; Brady, Kevin
Cc: Hill, Garrick
Subject: RE: Ponderosa Sales to TXU for May 2002
sold 6500 to txu @ cayanosa for 5/21. price is waha gas daily avg - $0.05.
-----Original Message-----
From: Barbe, Robin
Sent: Friday, May 17, 2002 9:54 AM
To: Barbe, Robin; Germany, Chris; Mazowita, Mike; Kelly, Katherine L.; Denetsosie, Troy; Brady, Kevin
Cc: Hill, Garrick
Subject: RE: Ponderosa Sales to TXU for May 2002
sold 10,000 to txu at cayanosa at a price of $3.01 for the 5/18, 19, & 20.
-----Original Message-----
From: Barbe, Robin
Sent: Thursday, May 16, 2002 2:19 PM
To: Germany, Chris; Mazowita, Mike; Barbe, Robin; Kelly, Katherine L.; Denetsosie, Troy; Brady, Kevin
Cc: Hill, Garrick
Subject: RE: Ponderosa Sales to TXU for May 2002
Here's an update on the status of sells to TXU:
Sold 10,000 dth of Cinergy/Cayanosa for the following gas days and prices:
5/14 @ $3.26
5/15 @ $3.345 waha gda - $0.05
5/16 @ $3.12 waha gda - $0.05
5/17 @ $3.02
If you have any questions, I can be reached at 713-853-7177.
Robin
-----Original Message-----
From: Germany, Chris
Sent: Friday, May 10, 2002 1:06 PM
To: Barbe, Robin
Subject: FW: Ponderosa Sales to TXU for May 2002
-----Original Message-----
From: Mazowita, Mike
Sent: Friday, May 10, 2002 11:26 AM
To: Germany, Chris
Subject: RE: Ponderosa Sales to TXU for May 2002
Thanks. I will see on Monday how Brazos ran the plant over the weekend and take a course of action from there. At least 10,000 -15,000 to market.
-----Original Message-----
From: Germany, Chris
Sent: Friday, May 10, 2002 10:39 AM
To: Germany, Chris; Mazowita, Mike; Barbe, Robin; Kelly, Katherine L.; Denetsosie, Troy; Brady, Kevin
Cc: Hill, Garrick
Subject: RE: Ponderosa Sales to TXU for May 2002
We did not sell any gas for May 8th-10th.
Sold TXU 5,000 dth of Cinergy/Cayanosa for 5/11-13/02 at $3.32.
-----Original Message-----
From: Germany, Chris
Sent: Tuesday, May 07, 2002 10:44 AM
To: Germany, Chris; Mazowita, Mike; Barbe, Robin; Kelly, Katherine L.; Denetsosie, Troy; Brady, Kevin
Cc: Hill, Garrick
Subject: RE: Ponderosa Sales to TXU for May 2002
For gas day 5/7/02, Cinergy/Apache moved 10,000 dth from Sid Rich Cayanosa to Oasis Mi Vida. Oasis Mi Vida is not a Lone Star point but I didn't know it at the time and I sold the gas to TXU at $3.20. No sales were made for 5/8/02.
-----Original Message-----
From: Germany, Chris
Sent: Friday, May 03, 2002 5:17 PM
To: Germany, Chris; Mazowita, Mike; Barbe, Robin; Kelly, Katherine L.; Denetsosie, Troy; Brady, Kevin
Cc: Hill, Garrick
Subject: RE: Ponderosa Sales to TXU for May 2002
Sold TXU 10,000 dth of Cayanosa for 5/2/02 at $3.51.
Sold TXU 10,000 dth of Cayanosa for 5/3/02 at $3.36.
Sold TXU 10,000 dth of Cayanosa for 5/4-6/02 at $3.18.
-----Original Message-----
From: Germany, Chris
Sent: Tuesday, April 30, 2002 2:12 PM
To: Germany, Chris; Mazowita, Mike; Barbe, Robin; Kelly, Katherine L.; Denetsosie, Troy; Brady, Kevin
Cc: Hill, Garrick
Subject: Ponderosa Sales to TXU for May 2002
Sold TXU 10,000 dth of Cayanosa for 5/1/02 at $3.45. I actually sold TXU the gas yesterday and I didn't want to change the volumes for the 1st. Let me know if you want to sell more than 10,000 for the 2nd.
Thanks | {
"pile_set_name": "Enron Emails"
} |
what the F*** are you doing at work on a saturday afternoon? that's my
only question.
-----Original Message-----
From: Ed Pierangelino
To: 'Driscoll, Michael M.'; 'Motley, Matt'; 'Stelzer, Chris'; 'Traeger,
Glen'; 'Traeger, Glen'; '[email protected]';
'[email protected]'
Sent: 1/5/02 1:24 PM
Subject: Whistler
First off Happy New Year's to all you guys! Most of you already have
the
dates and other information about our Whistler trip this year but I
wanted
to make sure you had all the details for this year's extravaganza. For
those of you that went last year you know the drill. I pay for
accomodations and meals (and we will eat at some nice places!). You
arrange your own transportation, lift tickets and ski rental (all of
which
can be done on arrival and cost under 150 US dollars).
Here are the details:
Dates: Jan 31st thru Feb. 3
I arrive thursday Jan. 31 12:50 pm on horizon air. (then taking the 2:30
star express to whistler, arrive 4:30)
Shuttle to whistler: Whistler star express: phone #(604) 266-5386
Condo: Woodrun 3bd/2bath with den. (near chateau whistler) The
shuttle
will drop you off at or near woodrun.
Lift tickets and ski rental: All can be taken care of on arrival at
nearby Chateau Whistler.
If I left anything out let me know.
Look forward to a great trip,
Ed | {
"pile_set_name": "Enron Emails"
} |
Rachel, attached is a spreadsheet with SFTS conversion information as you requested. I sent Frazier and Teb a note to advise if these customers must have consecutive releases in order to keep their FTS-1 contracts active and am awaiting their feedback. Please let me know if you want to see this in a different format or with additional information. Also, I did not fill in the date that the FTS-1 contracts revert back to SFTS because it all depends on whether we leave the contracts open for monthly releases. nb | {
"pile_set_name": "Enron Emails"
} |
Have there been any more reactions to the presentation that McCullough made
at the "volatility conference" in Portland last week? | {
"pile_set_name": "Enron Emails"
} |
Sure, unless I'm on a flight. | {
"pile_set_name": "Enron Emails"
} |
Rod:
Meetings for Monday (if this works for you)
1:30-2:00 pm Kevin Howard/Davis Thames
2:00 -3:00pm - Jeff McMahon/Kevin Howard -EGS financing activities EB5022
Please confirm.
Terri Bachand
Enron Global Finance
(713)853-6528 | {
"pile_set_name": "Enron Emails"
} |
For your review.
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/03/2001 06:40
PM ---------------------------
Kay Mann
01/03/2001 05:30 PM
To: Lisa Bills/Corp/Enron@ENRON, Catherine Clark/HOU/ECT@ECT, Roseann
Engeldorf/Corp/Enron@ENRON
cc: Ben Jacoby/HOU/ECT@ECT, Rebecca Walker/NA/Enron@Enron, Fred
Mitro/HOU/ECT@ECT
Subject: CA Development agreements
Attached please find drafts of the following:
Notice
Assignment and assumption agreement (with GE acknowledgement)
Bill of sale
Exhibits for bill of sale and for the notice
I expect that there will be sets of documents for CA Energy Development I and
CA Energy Development II. CA Energy Development II will include a
transformer as well as a turbine generator set.
Please let me know if you have any comments.
Kay | {
"pile_set_name": "Enron Emails"
} |
This is worth a look........... | {
"pile_set_name": "Enron Emails"
} |
Greg,
Attached for your further handling is the revised Interconnect Agreement b/n
HPL and BVP.
Thanks,
Eric Gillaspie
713-345-7667
Enron Building 3886 | {
"pile_set_name": "Enron Emails"
} |
Any GCP adjustments will be highlighted in red.
Expect a GCP Response on Clickpaper approvals, CP 03-12a-01, tomorrow,
3/15/01 by 5pm.
Rgds.
Samuel x3-9890
(GCP_Enron Networks)
From: Aparna Rajaram/ENRON@enronXgate on 03/12/2001 05:01 PM
To: Samuel Schott/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Steve
Venturatos/HOU/ECT@ECT, Camille Gerard/Corp/Enron@ENRON, Mary G
Gosnell/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Frank
L Davis/HOU/ECT@ECT, Ken Curry/ENRON@enronXgate, Nicole Hunter/NA/Enron@Enron
cc:
Subject: Click Paper Approvals, 03-12-01 Ammendment
Please see attached.
Regards,
Aparna Rajaram
ext. 5-4563 | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Steven J Kean/NA/Enron on 07/11/2001
08:46 AM ---------------------------
From: Richard B Sanders/Enron@enronXgate on 07/11/2001 08:25 AM
To: Karen Denne/ENRON@enronXgate, Steven J Kean/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Mark Palmer/ENRON@enronXgate, Jeff
Dasovich/NA/Enron@Enron
cc:
Subject: FW: Enron Complaint
-----Original Message-----
From: "Cindy Frederick" <[email protected]>@ENRON
[mailto:IMCEANOTES-+22Cindy+20Frederick+22+20+3Ccfred+40pkns+2Ecom+3E+40ENRON@
ENRON.com]
Sent: Tuesday, July 10, 2001 9:59 PM
To: [email protected]; Sanders, Richard B.
Subject: Enron Complaint
Final version of Enron Complaint. Document is in Word Perfect 8.
The information contained in this e-mail message and any accompanying
documents is subject to the attorney-client privilege and/or the attorney
work product rule and is confidential business information intended only for
the use of the individual or entity named above. If the reader of this
message is not the intended recipient or representative of the recipient, you
are hereby notified that any dissemination of this communication is strictly
prohibited. If you have received this communication in error, please notify
Kathryn A. Pugh at [email protected] and immediately delete this message from
your system.
- 288950_1.WPD | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Tana Jones/HOU/ECT on 09/29/99 07:56 AM
---------------------------
Justin Boyd
09/29/99 04:47 AM
To: Tana Jones/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT
cc:
Subject: Re: Online Trading
Tana,
ECT Houston can engage in commodity/weather derivatives trades direct with
French counterparties, without having to use EEFT as the UK regulated
arranger. Put another way, whatever ECTRI can do from a regulatory
perspective, the same applies to ECT Houston. Please refer to the completed
list that Edmund sent.
As for engaging in derivatives trades with utilities, this does not give rise
to the issues as under US laws. [In respect of new counterparties, standard
due diligence as to corporate authority, etc will need to be done].
Hope all's well!
Justin/Ed
Enron Capital & Trade Resources Corp.
From: Tana Jones 28/09/99 16:48
To: Justin Boyd/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT
cc: Mark - ECT Legal Taylor/HOU/ECT@ECT
Subject: Online Trading
Per Mark's conversation, you were going to get back to us on the scoop on
France and utility counterparties. Any update? | {
"pile_set_name": "Enron Emails"
} |
I will be in class next week at the Hyatt. If you have Unify performance
issues that need immediate attention, please call:
Jim Ogg 5-7225
Kishore B. 3-0347
Russ Whitton 3-3874
You already have my pager number.
Also, for the next 2 months while our office space is being gutted and
re-built, I will be located in 3 Allen Center, 37th floor. How convenient.
I will have the same phone number. Feel free to send me a postcard ;-)
d.n. | {
"pile_set_name": "Enron Emails"
} |
All,
Conference call 5pm Houston time
Call in number:
800-991-9019 USA
847-619-8039 Canada
Pass Code: 6017891
If you have difficulties accessing the conference call, please call Kim
Zachary at (713) 853-1971. | {
"pile_set_name": "Enron Emails"
} |
Latest News on Denver QB Brian Griese:
http://www.usatoday.com/sports/nfl/broncos/wed.htm Denver Broncos
quarterback Brian Griese, the AFC's top-rated passer, might be lost for the
regular season with a severely separated throwing shoulder.
''He'll be out a minimum of three weeks,'' Denver coach Mike Shanahan said
Tuesday.
The news stunned the Broncos, who watched Monday night as Griese shook off
the injury and led his team back into the AFC West race by knocking off
first-place Oakland 27-24.
Griese, already playing with cartilage damage in his right shoulder,
suffered a third-degree separation while being chased out of bounds in the
first quarter. Griese, whose first shoulder injury this season also was vs.
the Raiders, returned after taking a pain-killing injection.
''When they told me that I might be out three, four, five weeks, I said, 'If
that's the case, put me back in there so I can play one more time,' '' he
said.
In the "Here we go again" department, RB Terrell Davis was noticeably
limping after Monday Night's game. From the same USA Today article : "Also
in question are the status of Terrell Davis, who was limping noticeably
after the game, and guard Mark Schlereth, who could be headed for yet
another knee surgery in what likely is his final season. Davis, in fact,
revealed that his left foot had been bothering him the past 2-3 weeks. "
I had also heard reports he was bothered by a calf problem. Not sure
whether it's the foot or the calf (or both) and it's not clear yet whether
the injury is serious enough to be a factor this weekend. I'll keep you
posted and just wanted to give you the headsup.
Joe
To unsubscribe from this group, send an email to:
[email protected] | {
"pile_set_name": "Enron Emails"
} |
Let's plan happy hour for Friday after work! Does anyone have any ideas?
-----Original Message-----
From: Harvey, Claire
Sent: Wednesday, August 08, 2001 3:44 PM
To: Akers, Michelle; Anderson, Matthew C; Bayer, Adam; Benkert, Christina; Bermack, Andrew; Berutti, Aaron; Bishop, Serena; Bosek, Laura; Brady, Edward; Braganza, Michelle F; Bruce, James; Bukenya, Bali; Caminos, Facundo; Case, Grant; Cavanaugh, Darren; Chang, Bonnie; Chang, Sheila; Commons, Matthew; Costello, Zachary; Culotta, Lindsay; Czuppon, Christopher; Daetz, Milagros; DeLa Cruz, Belinda; Dicke, Scott; Dickson, Andrew; Falik, Brian; Freije, William; Freire, Deborah; Gottredson, Bryan; Haghighat, Neeloofar; Haque, Fariha; Hasan, Omar; Hazur, Mona; Hemani, Karim; Hernandez, Morela; Hopkins, Stephanie; Horng, Paul; Huang, Jason; Inman, Zachary; Irani, Eric; Ishaq, Syed K; Jenkins IV, Daniel; Juvane, Danilo; Kaniss, Jason; Kanji, Ayesha; Khanova, Sona; Koop, Kelly D; Kreamer, Nat; Lane, Forest; Larkworthy, Carrie; Lasuzzo, Blake; Leung, Albert; Levitas, Jaryn; Lowell, Thomas; Mahdi, Natalie; Marshall, McCaleb; Martin, Jabari; Master, Mitesh; Matamoros, Joseph; McPhaul, Rachel; Mehta, Rishi; Merrill, Brian; Michels, David; Miller, Shaleen; Moore, Castlen; Mujica, Mitra; Muller, Nathaniel; Murphy, Brendan (Houston); Murray, Kevin; Ng, Timmy; Nichols, Natalie A; Oboukhov, Fedor; Oishi, Craig; Olney, Matthew; Puntumapanitch, James; Raque, Michele; Reddy, Rohit; Sandford, Marcie; Sanguanruang, Eddie; Savvas, Leonidas; Sell, Maximilian; Shupe, Jacob; Spencer, Victoria; Swanson, Blake; Taylor, Michael E; Underwood, Thomas; Videtto, Melissa; Weil, Timothy; Wexler, Nikolas; Williams, Ryan; Willis, Cory; Wilson, Derek; Wong, Iz; Zou, Michael
Subject:
Hey everyone!
I just wanted to send this email out to give you all the updated email addresses that I have for everyone. I hope you are all doing well and are enjoying your rotations. Let me know if there is anything going on this week! Talk to you all later alligator!
Claire | {
"pile_set_name": "Enron Emails"
} |
It has the hO numbers but not the Cl numbers. | {
"pile_set_name": "Enron Emails"
} |
The report named: Power West P/L <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=28&report_name=Power+West+P/L&category_cd=6&category_name=WEST&toc_hide=1&sTV1=6&TV1Exp=Y¤t_efct_date=10/16/2001>, published as of 10/16/2001 is now available for viewing on the website.
(Revision: 2) | {
"pile_set_name": "Enron Emails"
} |
Do we want to talk to him again? If yes, Jeff, please give him a call. Mark
---------------------- Forwarded by Mark E Haedicke/HOU/ECT on 02/15/2000
01:28 PM ---------------------------
"Beverick, Tim" <[email protected]> on 02/14/2000 03:54:50 PM
To: "'Mark Haedicke'" <[email protected]>
cc:
Subject: Tim Beverick
<<191#01!.DOC>>
Mark:
As you may recall, I interviewed with you in the fall of 1997. I ended up
accepting an offer from Koch before going through the last round of
interviews (4th) with Enron.
Over the past 2+ years, I have been the only power attorney at Koch. Among
other functions, I have supported the power trading operations, the power
project development operations, and Koch's retail power accounts. The work
has been challenging, exhilarating and at times overwhelming from a work
load perspective. I truly love my job. While I cannot complain about the
job experience, Koch as a company leaves much to be desired.
I would love to work for such an innovative company as Enron; your company
sets the standard in our industry. I would love to talk to you about any
potential employment opportunities with Enron. Please contact me if you
think I could bring value to you and Enron.
Sincerely,
Tim Beverick, Attorney
Koch Legal Services - Houston
* 713/544-5123
* 713/544-5544 or 7336
* [email protected]
- 191#01!.DOC | {
"pile_set_name": "Enron Emails"
} |
Sometimes it's the little things that make the biggest impact.
Maybe you've never stopped to think about it, but for many of us, Post-it
notes may be one of our most frequently used communication tools at Enron.
Because of this, every employee received, or soon will receive, a packet of
Post-it notes with a thought-provoking quote about communication. These
Post-it notes reinforce the importance of communication at Enron. The
individuals who are quoted on the notepads personify the true meaning of
communication.
We hope that as you use these notepads in your daily work, you will think
about the importance of communication to the continued success of Enron and
work just a little harder at communicating more openly at Enron.
Please email Gina Taylor ([email protected]) for Post-it note distribution
inquiries. | {
"pile_set_name": "Enron Emails"
} |
Invitees: Sally Beck, Andy Zipper, Jay Webb, Tom Gross, Jeff Hodge,
Elizabeth Sager, Leslie Reeves, MET
(Patti x39106) | {
"pile_set_name": "Enron Emails"
} |
<<2XB902!.DOC>> <<2XB9RED.DOC>> <<2XB@02!.DOC>> <<[email protected]>>
<<2XFL02!.DOC>> <<2XFLRED.DOC>> <<2XFN02!.DOC>> <<2XFNRED.DOC>>
Carlos:
We enclosed the following documents, revised in accordance with our
discussions, for your review:
1. Letter Agreement between ENA and Panda Energy (clean and marked to
reflect changes from draft dated 3/5/01);
2. LLC Agreement between ENA and Panda Energy (clean and marked to reflect
changes from draft dated 3/5/01);
3. Letter Agreement between ENA and Delta Power (clean and marked to
reflect changes from Panda draft dated 3/5/01);
4. LLC Agreement between ENA and Delta Power (clean and marked to reflect
changes from Panda draft dated 3/5/01);
Please review and advise of any further comments. Thank you.
Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
[email protected] <mailto:[email protected]>
Enclosures: 136485v2
136485v2Rv1
136486v2
136486v2Rv1
136641v2
136641v2Rv1
136643v2
136643v2Rv1
Confidentiality Notice
This message is being sent by or on behalf of a lawyer. It is intended
exclusively for the individual or entity to which it is addressed. This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure. If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it. If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.
- 2XB902!.DOC
- 2XB9RED.DOC
- 2XB@02!.DOC
- [email protected]
- 2XFL02!.DOC
- 2XFLRED.DOC
- 2XFN02!.DOC
- 2XFNRED.DOC | {
"pile_set_name": "Enron Emails"
} |
>>We are keeping this candle burning for all the people
>>& their families who were in the planes, buildings and
>>anywhere near the explosions today. May God be with them
>>and help them through this terrible time.
>>God Bless
>>
>>
>>Keep The Candle Going
>>
>> I asked God for water, he gave me an ocean.
>> I asked God for a flower, he gave me a garden.
>> I asked God for a tree, he gave me a forest.
>> I asked God for a friend, he gave me YOU.
>>
>> "There is not enough darkness in the world to put
>> out the light of one candle."
>>
>> The Candle of Love, Hope and Friendship
>>
>> ()
>> | |
>> | |
>> | |
>> | |
>> | |
>> -------
>>
>> This candle was lit on the 11th of September, 2001.
>> Someone who loves you has helped keep it alive by
>> sending it to you.
>>
>> Don't let The Candle Of Love, Hope and Friendship
>> die!
>>
>> "A candle loses nothing by lighting another candle" | {
"pile_set_name": "Enron Emails"
} |
Mark/Brent,
Any comments on the below?
Thanks,
Joe
---------------------- Forwarded by Larry Joe Hunter/HOU/ECT on 02/27/2001
09:02 AM ---------------------------
From: Larry Joe Hunter 02/21/2001 01:44 PM
To: Mark Taylor/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron
cc: Kim S Theriot/HOU/ECT@ECT
Subject: Revising EOL deals
Mark/Brent,
Can one of you give us a definitive opinion on how we should handle revisions
to EOL traded deals? Currently we do it one of two ways: 1) Straight
revision to original EOL Deal number, or 2) Input reversal trade, also input
new trade with correct deal terms (confirms on all three).
Obviously the 1st option above is the easier way to go for us. However for
EOL auditing, option 2 is cleaner. Also, if you think we should always go
with the 2nd option above, should we be linking the deals together with some
sort of verbage?
Thanks,
Joe Hunter | {
"pile_set_name": "Enron Emails"
} |
---------------------- Forwarded by Tana Jones/HOU/ECT on 09/13/99 02:36 PM
---------------------------
Joya Davis
09/07/99 09:01 AM
To: Tana Jones/HOU/ECT@ECT
cc: Wayne Gresham/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT
Subject: Online Trading
Here are the coal revisions: | {
"pile_set_name": "Enron Emails"
} |
is attached. You will note that, in both the Intro and the second paragraph
under the What FERC Can Do section, I have softened the MB-rate argument.
The phantom sentence is also removed. Let me know if I can be of further
help.
- 0131527.01 | {
"pile_set_name": "Enron Emails"
} |
Are you gonna wear something cute tonight? | {
"pile_set_name": "Enron Emails"
} |
----- Forwarded by Jeff Cardiff/Hou-ComOps/EnergyTrading/PEC on 12/13/2000
03:56 PM -----
Joel Hearne
To: Jeff
Cardiff/Hou-ComOps/EnergyTrading/PEC@PEC
12/13/2000 cc:
01:00 PM Subject: A Texas Solution to the
election
----- Forwarded by Joel Hearne/Hou-ComOps/EnergyTrading/PEC on 12/13/2000
01:00 PM -----
"Roberts, Missy"
<Missy.Roberts@m To: "MeMaw (E-mail)"
<[email protected]>, "Matt Roberts
ed.va.gov> (E-mail)"
<[email protected]>, "Emily Plant (E-mail)"
<[email protected]>, "Ashley
Woodson (E-mail)" <[email protected]>, "Doug
12/13/2000 12:51 Roberts (E-mail)"
<[email protected]>, "Henry Blackmon
PM (E-mail)" <[email protected]>,
"John Grubbs (E-mail)"
<[email protected]>, "Joel
Hearne (E-mail)"
<[email protected]>, "Kery
Feferman (E-mail)"
<[email protected]>, "Kristen
Rose (E-mail)" <[email protected]>,
"Mark Segrest (E-mail)"
<[email protected]>, "Mom (E-mail)"
<[email protected]>, "Rob
Waddell (E-mail)"
<[email protected]>, "Russell
Roup (E-mail)" <[email protected]>,
"Sue Carey (E-mail)"
<[email protected]>, "Susan Clower (E-mail)"
<[email protected]>,
"Will Pettus (E-mail)"
<[email protected]>
cc:
Subject: A Texas Solution to
the election
Looks like Maury and I will be moving back to Texas soon, based on the
following proposal....
Solution to the Election:
#1: Al Gore becomes President of the United States (all 49
states).
#2: George W. Bush becomes the President of The Republic of Texas.
Gore shouldn't mind as he said we were the worst state in the union
during the campaign.
So what does Texas have to survive as a Republic?:
NASA in Houston, Texas (we will control the space industry).
We refine over 85% of the gasoline in the United States (that is why
Houston has problems with the air quality).
Defense Industry (we have over 65% of it). The term "Don't mess
with Texas," will take on new meaning.
Oil - we can supply all the oil the Republic of Texas will need for
the next 300 years.
Natural Gas-Again we have all we need (too bad about those northern
states). Al Gore will figure a way to keep Tipper and you warm....
Computer Industry-we currently lead the nation in producing computer
chips.
A small place named Texas Industries, Dell Computer, EDS, etc., etc.
Health Centers-We have the largest research centers for Cancer
research, the best burn centers, and other large health planning centers.
We have enough colleges to keep us going: UT, Texas A&M, Rice,
University of Houston, SMU, Baylor, UNT, Texas Women's University, etc.
We have a ready supply of workers (just open the border when we need
some more) and our friends across the border will pour in by the
thousands.
We have control of the paper industry, plastics, insurance, etc.
This just names a few of the items that will keep the Republic of
Texas afloat.
Now to the rest of the United States under President Gore:
Since you won't have the refineries to get gas for your cars, only
President Gore will be able to drive around in his SUV which gets him
about 9 miles per gallon. The rest of the United States will have to
walk or ride bikes.
You won't have any TV as the space center in Houston will cut off
your communications.
You won't have any natural gas to heat your homes but since Al's
promised global warming, I'm sure you won't get cold!
You won't need our computer chips since you won't have electricity
to power the computers.
So don't worry about us down here in Texas. We will be OK.
David J. Robinson, D. Min.
President
Houston Graduate School of Theology | {
"pile_set_name": "Enron Emails"
} |
I just entered the following 2 deals in Sitara for September, deals 433359
and 433385. Please path these deals in Unify.
Thanks | {
"pile_set_name": "Enron Emails"
} |
Please find attached a copy of the updated Speech List. If you should have any questions, please let me know.
Tori
3-5769 | {
"pile_set_name": "Enron Emails"
} |
1 Cindy Skinner
2 Chonawee
3 Martin
4 Praveen
5 Lawyer
6
--------------------------vince kaminski | {
"pile_set_name": "Enron Emails"
} |
I haven't read this, so I don't know if it is anywhere close to your deal,
but here's a bootleg copy of the Frontera agreement, just to give you a sense
of some type of starting point.
Kay | {
"pile_set_name": "Enron Emails"
} |
The file was too big to email. It contains all financial deals (P,B,I,GD) in the active NG-PRICE book. It does not contain any option deals. I will set up the new books so that we can move the net positive deals by counterparty. Let me know if you have any questions. It is saved in O:/_Dropbox.
DG | {
"pile_set_name": "Enron Emails"
} |
This is a reminder of your ongoing obligation to report to the Securities
and Exchange Commission ("SEC") transactions in Lilly stock. In light of
the complexity of the reporting rules and the potential for severe
penalties for noncompliance, please contact me in advance of any
transaction. As a reminder, the SEC rules cover all transactions,
including:
- purchases
- sales
- gifts
- trust or partnership transactions
- transactions in the Dividend Reinvestment Plan
- exchange fund transactions
We request advance notification of Lilly stock transactions for two
reasons:
There are certain times when you should not engage in market
transactions in Lilly stock. Routinely, these "black-outs" occur around
the end of each quarter through the time quarterly/annual earnings are
announced. In addition, occasionally, we are aware of "inside
information" that may be considered material and we therefore advise our
reporting persons to avoid open market transactions in Lilly stock.
While you may not know of the event, the knowledge may be imputed to
you. Advance communication allows you to avoid situations that may have
legal consequences, or if not, at least may cause embarassment.
2. We prepare for you the required reports of the transaction to the SEC.
If you had any Lilly stock transactions in September, please advise me as
soon as possible. We will prepare the required reports for your signature
and file them with the SEC and the New York Stock Exchange ("NYSE"). The
reports must be received by the SEC and the NYSE no later than the 10th day
of the month following the month in which the transaction occurs. If I am
not available, please contact Jim Lootens (317-276-5835) regarding any
proposed transaction.
If you have any questions regarding these matters, please do not hesitate
to call me. Thank you for your cooperation.
Alecia A. DeCoudreaux | {
"pile_set_name": "Enron Emails"
} |
Follow up to e-mail request for credit worksheet for FPC on April 11th.
Tammi needs to send a draft to the customer today.
Thanks !!
Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
[email protected]
Phone 713-853-7658
Fax 713-646-3490 | {
"pile_set_name": "Enron Emails"
} |
Tana:
Your entities are classified as being potentially subject to FERC reporting requirements. Jim Derrick and Greg Whalley were to come off the slates 1 Nov. I need to paper the Glisan/Bowen swap, as well as the replacements for Messrs. Derrick and Whalley.
Please let me know who will replace Messrs. Derrick and Whalley, so I can paper all of the above for the entities listed below.
Clickpaper.com, L.L.C.
CommodityLogic LLC
DealBench L.L.C.
Enron Net Works LLC
EnronOnline, LLC
Directors: JDerrick, MHaedicke, GWhalley
Thanks.
Lori Pinder
Supervisor, Corporate Services
and Assistant Secretary
1400 Smith St., Room 4802
Houston, Texas 77002
713.853-7291
713.646.8007 (Fax) | {
"pile_set_name": "Enron Emails"
} |
March 31, 2001 is my last day at Enron. My years at Enron has been a very
exciting and challenging period in my life. Nevertheless, I,m very excited
to be moving on to new things as well. I shall miss many of the good people
there that I have had the honor to work with. As of the beginning of April
my Enron address will be invalid, please contact me using the below added
means.
Tom Delaney
1929 E. Seminole Dr.
Phoenix, Arizona 85022
[email protected]
602-321-5017 | {
"pile_set_name": "Enron Emails"
} |
FYI.
Shirley (3-5290) is making travel arrangements for me.
It makes sense for all of us to stay in the same hotel,
irrespective of individual travel arrangements
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/29/2000
07:30 AM ---------------------------
"Rudy, Robert" <[email protected]> on 02/28/2000 08:20:10 PM
To: "'Vince J Kaminski'" <[email protected]>
cc:
Subject: RE: Meeting on the 20th of March
Dear Vince,
Thanks for your note. I look forward to seeing you on the 20th.
We usually recommend our visitors to stay at the Park Hyatt on Battery
Street. It's a 5 minute cab ride (or an easy 15 minute walk) to our
offices. Should you decide to walk, it is important that you take Sansome
Street rather than Montgomery. They are one block apart, but one goes up to
the top of Telegraph hill and ends before continuing at the bottom of a
cliff and the other is relatively flat and is continuous. There are
detailed directions on our website (www.kmv.com).
See you on the 20th.
Regards,
Rob
-----Original Message-----
From: Vince J Kaminski [mailto:[email protected]]
Sent: Monday, February 28, 2000 9:35 AM
To: [email protected]
Cc: Vince J Kaminski; Shirley Crenshaw
Subject: Meeting on the 20th of March
Robert,
This is to confirm the meeting on March the 20th at 9:00 a.m. Enron will be
represented by
Bill Bradford, Bryan Seyfried,,Vasant Shanbhogue and myself.
Could you, please, advise me what is the best hotel where we could stay
overnight,
close to your location?
Vince Kaminski
ENRON Corp.
1400 Smith Street, Room 1962
Houston, TX 77251-1188
Phone: (713) 853 3848
Fax : (713) 646 2503
E-mail: [email protected] | {
"pile_set_name": "Enron Emails"
} |
Thanks. Will you add West to the report title. West Natural Gas Prices.
Nice work
-----Original Message-----
From: O'Rourke, Ryan
Sent: Tuesday, September 25, 2001 3:20 PM
To: Allen, Phillip K.; Alonso, Tom; Badeer, Robert; Bass, Eric; Belden, Tim; Clark, Chad; Cowan, Mike; Dorland, Chris; Ermis, Frank; Foster, Chris H.; Gay, Randall L.; Grigsby, Mike; Heu, Mog; Holst, Keith; Huang, Jason; Kuykendall, Tori; Lenhart, Matthew; Lucci, Paul T.; Mallory, Chris; Martin, Thomas A.; Miller, Stephanie; Motley, Matt; Reitmeyer, Jay; Sanchez, Monique; Scott, Susan M.; Smith, Matt; South, Steven P.; Swerzbin, Mike; Tholt, Jane M.; Tycholiz, Barry; Ward, Kim S (Houston); Whitt, Mark; Wolfe, Jason
Subject:
The attached file has been created and is intended to be run daily, per Mike Grigsby. It contains West gas prices as set for the day, and soon will include certain heat rate calculations.
<< File: West Prices 0925.xls >>
If you would prefer to not receive a copy everyday, let me know. If you see any errors, please help me to identify them.
Thanks,
Ryan
5-3874 | {
"pile_set_name": "Enron Emails"
} |
Please note that the company number for Enron Energia Industrial de Mexico B.V. has changed from 45B to 1627. This is in order to accommodate the functional currency change from Eurodollars to USD.
Please share this information with other interested parties.
Kate B. Cole
Director, Corporate Services
Enron Corp.
Tel: (713) 853-1624
Fax: (713) 646-8007
Email: [email protected] | {
"pile_set_name": "Enron Emails"
} |
----- Forwarded by Gerald Nemec/HOU/ECT on 10/10/2000 09:10 AM -----
U2 Listmanager <[email protected]>
10/09/2000 11:28 PM
To: U2 Fan <[email protected]>
cc:
Subject: www.U2.com update
Dear U2 Fan,
Here's the third in our exclusive series of U2 E-cards featuring the latest
MP3 downloads from the new U2 album, All That You Can't Leave Behind.
Find out how to hear "When You Look At The World" and "Grace" on U2.com.
Also we have another surprise. Key in the right six letter code (something
to do with the album) and find out more!
Fans who have registered with us at U2.com will be the first to know of all
the latest news from U2. Why not send this e-card onto friends who are also
into the band.
Stay in touch
Best wishes
u2.com
www.U2.com is powered by WorldOnline.com
- u23of5.exe | {
"pile_set_name": "Enron Emails"
} |
Mark
Senior Counsel, ENA
Phone: 713-345-8897
Facsimile: 713-646-3940
E-Mail: [email protected]
----- Forwarded by Mark Greenberg/NA/Enron on 03/30/2001 01:27 PM -----
"Debbie T. Adams" <[email protected]>
03/30/2001 09:49 AM
To: "[email protected], Mark" <Mark.Greenberg",
"[email protected], Stephen" <Stephen.Abbanat"
cc: "John S. Grube" <[email protected]>
Subject: RE: CMS NDA
Steve & Mark,
My legal contact is John Grube at 713.989.7563. I've copied him on this
message so you'll have his email address.
Debbie
"Abbanat, Stephen" <[email protected]> on 03/30/2001 09:34:52 AM
To: "Greenberg, Mark" <[email protected]>
cc: <[email protected]>
Subject: RE: CMS NDA
Mark,
I believe the company name listed is accurate. My contact emailed to me
with a reply that verified the name and company listed are correct, with
the exception of the zip code. I forwarded her reply to you.
I will also copy her on this email and ask her for a legal contact
number so you can verify this with their legal. Debbie, would you send
Mark you legal contact's name and number. Mark's email is
[email protected].
thanks,
Steve
> -----Original Message-----
> From: Greenberg, Mark
> Sent: Friday, March 30, 2001 7:05 AM
> To: Abbanat, Stephen
> Subject: Re: CMS NDA
>
> Stephen -
>
> Glad to be of assistance. In order to ensure we
> prepare an accurate document, I need to have the complete name and
> address of CMS (or the appropriate entities). Also, our intention is
> to put as the "transaction" the following:
>
> "Enron and CMS are prepared to furnish each
> other with information in connection with the development and
> implementation of a pipeline portfolio management solution..."
>
> Please let me know if this is acceptable or if
> we need to modify this generic description of the transaction.
>
> Mark
> Senior Counsel, ENA
> Phone: 713-345-8897
> Facsimile: 713-646-3940
> E-Mail: [email protected]
>
>
>
>
> Stephen Abbanat/ENRON@enronXgate 03/29/2001 02:22 PM To:
> Mark Greenberg/NA/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON cc:
> Stephen Abbanat/ENRON@enronXgate Subject: CMS NDA
>
>
> Mark,
>
> Thanks for agreeing to help prepare this NDA.
> As we discussed on the phone, our team is now in a position to begin
> detailed negotiations with CMS for a systems solution project (CMS
> Energy - Panhandle Pipe Line Companies). As a part of the
> negotiations we will need to disclose some detailed information about
> ETS systems.
>
> Steve Hotte (CIO of ETS) and our team agreed
> that we should to execute an NDA that covers both ENW and ETS and gave
> me Drew's name as their legal council.
>
> The contact name at CMS should be:
>
> Cynthia C. Albert
> Vice President, Regulatory Affairs and
> Information Systems
> 5444 Westheimer Road
> Houston, TX 77210-4967
>
> 713-989-7334
> [email protected]
>
> On the Enron side, I would use
>
> David Berberian for ENW
> Steve Hotte for ETS
>
> for signatories.
>
> I hope this is sufficient information to prepare
> one or two NDA's whichever is appropriate.
>
> Sincerely,
> Steve Abbanat
>
>
>
>
> | {
"pile_set_name": "Enron Emails"
} |
Jeff,
I spoke with Tom May on how to attack this project. We discussed setting up a meeting with you guys, myself, Kayne Coulter, Gerald Gilbert, Don Baughman and the regulatory personnel from the regions involved--much like we did in the ERCOT meeting. I've copied Susan Lindberg and will speak with her on who and when we can meet to discuss the issues we face with tariffs, RTOs, procedures, scheduling, etc.
I will let you know when we can round up everyone so we can get this kicked off ASAP. I'll speak with Susan this afternoon & find out who we can lean on from a regulatory perspective.
I'll call you Thursday morning to let you know what I've found out. My apologies for the delay.
Jeff
-----Original Message-----
From: Merola, Jeff
Sent: Monday, August 06, 2001 1:00 PM
To: Miller, Jeffrey
Cc: Sharfman, Guy
Subject: EWS Physical Delivery Schedule
Jeff,
Thanks for your time this morning, here is the schedule and approximate loads that we discussed this morning. The existing load figures are based on all customers, actual economics based on utility standard offers will dictate what percentage is economically viable to take physical. The initial need for CG&E will be getting the transmission agreements in place to be able to designate a TSA (transmission scheduling agent). Let me know if you have any other questions.
Jeff
Utility State Wholesale Market Physical Start Date New Load Existing Load
CG&E OH ECAR - MISO Dec 2001 Up to 25 MW Peak 5 MW
Illinois Power IL MAIN - ARTO Jan 2002 None 75 MW Peak
ComEd IL MAIN - ARTO Mar 2002 Up to 25 MW Peak 200 MW Peak (earliest Jun 2002)
Columbus Southern (AEP) OH MAIN - ARTO Apr 2002 Up to 25 MW Peak Minimal | {
"pile_set_name": "Enron Emails"
} |
O & M Reports are now online.
To obtain your reports, please take the following steps:
1.Go to Infobases
2. Open Knowledge Management
3. Enter you NT logon and password.
4. Live Link will open
From scrolldown :
5. Choose "ENA - Budget Planning".
6. Choose "Energy Operations - 2000".
7. Choose your individual group.
8. Choose "Budget vs. Actual Comparison Report"
These files have been updated to include the correct year-to-date balances.
These amounts now accurately reflect the balances in the SAP system. All
information related to your group should be included in these files. Please
let me know if you have any additional questions. Thanks so much.
Holly
X3-5843 | {
"pile_set_name": "Enron Emails"
} |
> TO All Members of NESA and HEA:
>
> It has been brought to our attention that not everyone is aware that we
> are not going to be using the name National Energy Association (NEA), now
> that NESA and HEA have agreed to merge effective 1/1/01. A press release
> was prepared and distributed on 10/28. As we haven't seen a copy in any
> media outlets, and no one has told us that they've see it either, we're
> attaching a copy of the draft press release that was sent out for your
> files.
>
> We are now NESA/HEA. That's pronounced NE sa H E A - the slash is silent.
>
> <<HEA Approves Merger-Draft2.doc>>
>
> PS Stay tuned for more information regarding the merger.
- HEA Approves Merger-Draft2.doc | {
"pile_set_name": "Enron Emails"
} |
-----Original Message-----
From: "powerprices" <[email protected]>@ENRON
Sent: Friday, February 01, 2002 11:32 AM
To: King, Jeff
Subject: Closing Marks for Nov 30, Dec 3, Dec 31
- 11-30-2001.xls
- 12-3-2001.xls
- 12-31-2001.xls | {
"pile_set_name": "Enron Emails"
} |
586761.01 586762.01 should be Pacificorp.
thanks | {
"pile_set_name": "Enron Emails"
} |
George/Sandy,
Are you guys nominating/confirming this gas on Tennessee Passkey and Transco
Transit for December or are we?
Are there going to be two sets of tickets for each deal (one for the firm
volume and one for the swing)? We'll need those deal numbers when you have
them..
Are you scheduling this internally in Unify or are we?
Please let me know as soon as possible as noms for December 1 are due to the
pipelines by 11:30 this Thursday morning! THANKS!
Enron North America Corp.
From: George Weissman 11/27/2000 04:37 PM
To: Sandy Olitsky/HOU/ECT@ECT
cc: John Griffith/Corp/Enron@Enron, Melissa Graves/HOU/ECT@ECT, Jill T
Zivley/HOU/ECT@ECT, Linda Roberts/NA/Enron@Enron, Bob M Hall/NA/Enron@Enron,
Victor Lamadrid/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT
Subject: Re: Cabot Oil & Gas Marketing Corporation
Turtle Bayou Field
Continental Land & Fur 58 #2 Well
Terrebonne Parish, LA
Facility 514800, Transco Zone 3
Kent Bayou Field
Continental Land & Fur 11 #1, 24 #1 & 28 #1 Wells
Terrebonne Parish, LA
Facility 820010, Tennessee La. Zone 1
Sandy,
Attached are the tickets we intend to submit to document the two (2) deals
with Cabot for December. Once you and John have had an opportunity to review
these tickets, Melissa and I would like to come down and walk them through
the system. Thanks.
Cabot has agreed to do the December deals at index minus $0.01 for 80% of
their volume and gas daily minus $0.01 for the remaining 20% of their
volume. We expect that they will soon execute the long term paper providing
for index minus $0.005 for the 80% firm traunch and gas daily minus $0.005
for the 20% spot traunch; a set of new long term tickets will be prepared and
submitted upon execution of the long term paper.
If this mechanism of documenting our deals works, we intend to submit all
future deals in a similar manner.
George x3-6992
---------------------- Forwarded by George Weissman/HOU/ECT on 11/27/2000
04:12 PM ---------------------------
Enron North America Corp.
From: Sandy Olitsky 11/27/2000 11:07 AM
To: George Weissman/HOU/ECT@ECT
cc:
Subject: Cabot Quotes Dec Only
George:
Scott Neal gave me the following quotes for your December only volumes:
Transco Zn3 WH: Index +.01 minus IT feeder to Ste. 65
Tenn. ZL500: -.01
Let me know if you need anything else.
Thanks.
Sandy | {
"pile_set_name": "Enron Emails"
} |
I didn't get a chance to talk to Paul today. Give him a call tommorow.
Chris | {
"pile_set_name": "Enron Emails"
} |
Is there an alternative quote we could use instead of the reference to "stabilizing" in the California market? I think I know what we mean but most outside readers would see the situation as unstable. Perhaps we could reference the continued availability of direct access or renewed interest in Enron's offerings?
To: Marty Sunde/HOU/EES@EES, Janet R Dietrich/HOU/EES@EES, Elizabeth Tilney/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Robert C Williams/Enron@EnronXGate, Steven J Kean/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, James D Steffes/HOU/EES@EES, Evan Hughes/HOU/EES@EES
cc:
Subject: UC-CSU-Enron press release
Attached is a draft of the UC-CSU-Enron press release concerning the settlement agreement. Please review and let me know of any revisions or suggestions. We would like for this to go out tomorrow if possible. We're still waiting for a quote from CSU. I'll make sure you see that as well. Thank you. Max | {
"pile_set_name": "Enron Emails"
} |
PB,
FYI, please make sure someone takes a look at this and atleast provides a
response.
Thanks,
mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 07/28/2000
08:10 AM ---------------------------
"Wilson, Terryl" <[email protected]> on 07/26/2000 05:01:36 PM
To: "'[email protected]'" <[email protected]>,
"'[email protected]'" <[email protected]>
cc:
Subject: letter of 7/17/00 re: data center operations
<<ltrhd enron 7.17.doc>>
This letter was also sent to Mr. Fastow on 7/12/00.
I look forward to talking to you.
Regards
Terryl
[email protected]
TEL?????? 972.861.1955
CELL??? 214.335.9146
FAX????? 972.387.1896
- ltrhd enron 7.17.doc | {
"pile_set_name": "Enron Emails"
} |
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Resume of Marc Babineaux
Mr. Marc Babineaux is available for assignment as a full-time, permanent employee or on a contract basis. Mr. Babineaux is a deepwater driling consultant with 20 years experience. He has most recently worked in the Gulf of Mexico on exploration projects in 3,500 to 7,700 feet of water. Click here <http://www.rigzone.com/jobs/resume.asp?r_id=10548> to view a complete copy of his resume or call 1-337-367-1100 to arrange for an interview.
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Halliburton Performs First Downhole Well Testing Using ATS <http://www.rigzone.com/news/article.asp?a_id=2752>
Halliburton Energy Services has performed its first data acquisition project using the Acoustic Telemetry System (ATS(TM)) for Gaz de France, off the coast of the Netherlands.
Schlumberger Makes Management Changes <http://www.rigzone.com/news/article.asp?a_id=2729>
Schlumberger Oilfield Services has appointed Andrew Gould to the post of President and COO.
Weatherford and Shell Accelerate Expandable Technology Development <http://www.rigzone.com/news/article.asp?a_id=2759>
Weatherford's Completion Systems division has obtained a worldwide license to Shell's expandable technology.
TotalFina Elf Shuts In Wells Due to Gas Blowout <http://www.rigzone.com/news/article.asp?a_id=2757>
TotalFinaElf has begun efforts to stop the flow of natural gas! and regain control of a well which erupted Friday afternoon during drilling operations in East Kalimantan.
Tidewater Takes Delivery of Supply Vessels <http://www.rigzone.com/news/article.asp?a_id=2727>
Tidewater has taken delivery of two supply vessels. Both vessels entered the fleet with contracts in hand.
Hornbeck-Leevac Reports 2001 Results <http://www.rigzone.com/news/article.asp?a_id=2733>
Hornbeck-Leevac Marine Services, Inc. announced that revenues for the quarter ended December 31, 2001 increased 117.0 percent to $21.7 million compared to $10.0 million for the same quarter in 2000.
Marathon To Develop UK Pipeline <http://www.rigzone.com/news/article.asp?a_id=2732>
Marathon Oil Company announced plans to lead an initiative for a new North Sea natural gas pipeline designed to provide additional gas for the UK market.
Dril-Quip Sees! 24% Increase in Results for 2001 <http://www.rigzone.com/news/article.asp?a_id=2731>
Net income for the twelve months ended December 31, 2001 was $12.2 million, up from $11.0 million for the same period in 2000.
PanCandian Files Deep Panuke Regulatory Applications <http://www.rigzone.com/news/article.asp?a_id=2749>
PanCanadian Energy filed regulatory applications for development of the Deep Panuke natural gas project offshore Nova Scotia.
ExxonMobil Exits Turkmenistan <http://www.rigzone.com/news/article.asp?a_id=2750>
ExxonMobil Corp. will shut down its operations in Turkmenistan after disappointing test wells.
Technip Wins Saudi Expansion Project <http://www.rigzone.com/news/article.asp?a_id=2764>
Technip-Coflexip has been awarded, by Saudi Arabian Oil Company, a major lump sum turnkey contract for the expansion of the Berri gas plant.
AJ Lucas Wins Major Directional Drilling W! ork <http://www.rigzone.com/news/article.asp?a_id=2734>
AJ Lucas has successfully secured the contract to directionally drill under 12 rivers in the northern section of Tasmania for the Duke Energy Pipeline.
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<http://www.rigzone.com/images/spacer.gif> | {
"pile_set_name": "Enron Emails"
} |
We move alot of people around Enron. In fact, on an annual basis, we make
about 8400 moves (out of a Houston employee base of 11000). We have found at
Enron that putting people next to eachother makes things happen: increased
productivity and communication. Given our tight office situation in Houston,
moving people around to make room for new and expanding businesses has caused
some disruption. We try to keep it to a minimum and expect it to improve
later this year when we begin occupying the new building.
Erin Rice
02/13/2001 11:09 AM
To: Steven J Kean/NA/Enron@Enron
cc:
Subject: Question for All-Employee Meeting
Steve:
The following question has been submitted for the upcoming all-employee
meeting. Could you provide an answer by noon this Friday?
Thanks.
- er
Has Enron looked at the financial expense as well as the emotional, morale
and business expenses associated with constantly moving people from one
location to another in the Enron building? Maybe we could use these savings
and redirect them for our bonuses? | {
"pile_set_name": "Enron Emails"
} |
Please see the following articles:
Sac Bee, Wed, 6/6: Businesses vie for blackout exemptions:
The PUC must decide who should be spared, and the applicant list is very long
Sac Bee, Wed, 6/6: PG&E, ISO agree to court order on power bills
Sac Bee, Wed, 6/6: Peter Schrag: Turning up the heat in Houston and
Washington (Editorial)
SD Union, Wed, 6/6: Is trading an insider's game?
SD Union, Wed, 6/6: Daily energy costs for state fall in past weeks
SD Union, Wed, 6/6: Five tiers sought in proposed rate boost
SD Union, Wed, 6/6: Port budget large, but power bills loom
SD Union, Wed, 6/6: Continuous use urged for planned power plant
SD Union, Wed, 6/6: Rising energy prices threaten Poway troupe
SD Union, Wed, 6/6: Fair to use generators for midway attractions
LA Times, Wed, 6/6: 'Hi, My Name Isn't Justice, Honey,' and Shame on Lockyer
(Editorial)
LA Times, Wed, 6/6: U.S. Probes Alleged Pact Not to Build New Plants Power:
Justice officials focus on Southland operations of two firms, which deny
wrongdoing
LA Times, Wed, 6/6: Natural Gas, Power Prices Drop Sharply Energy:
More conservation, mild weather are among factors keeping costs down, experts
say
LA Times, Wed, 6/6: The State Utility Averts $1 Billion in Costs Courts:
PG&E and Cal-ISO agree to recognize Department of Water Resources as
purchaser of the power
SF Chron, Wed, 6/6: Dramatic drop in cost of electricity
LOWER BILLS: Cheaper fuel, milder weather credited
SF Chron, Wed, 6/6: San Jose council gives green light to generating plant
VOTE REVERSAL: Officials pressured to OK project
SF Chron, Wed, 6/6: Developments in California's energy crisis
SF Chron, Wed, 6/6: California conserves
SF Chron, Wed, 6/6: L.A. power customers awash in cheap energy
SF Chron, Wed, 6/6: PG&E doesn't want to pay for energy to avert blackouts
Mercury News, Wed, 6/6: Metcalf plant gets preliminary approval
OC Register, Wed, 6/6: Feds probe AES, Williams
Individual.com (PRnewswire), Wed, 6/6: Calpine Begins Construction of
Peaking Energy Center in Gilroy, Calif.
Individual.com (PRnewsire), Wed, 6/6: Reliant Urges FERC to Drop or Amend
California Price
Caps to Avoid Additional Shortages and More Blackouts
Energy Insight, Wed, 6/6: Farm-fresh biopower
------------------------------------------------------------------------------
---------------------------------------
Businesses vie for blackout exemptions: The PUC must decide who should be
spared, and the applicant list is very long.
By Carrie Peyton and Dale Kasler
Bee Staff Writers
(Published June 6, 2001)
Mixes for milkshakes and frozen coffees could spoil at ice cream parlors,
sickening customers.
Seniors getting their hair done would have to leave their dryers and go home
with wet heads, risking a chill.
Mall escalators could come to a sudden halt, endangering shoppers who lose
their footing.
Those are among the health and safety risks cited by more than 10,000
businesses and government bodies asking state regulators to exempt them from
rolling blackouts.
It is a list that mixes nursing homes and grocery stores, outpatient surgical
clinics and beauty salons, dialysis centers and country clubs.
"A lot of people are treating this like a lottery," said Subodh Medhekar of
Exponent Inc., the consulting firm sorting through exemption requests for the
state Public Utilities Commission.
For many, Medhekar said, the rationale seems to be " 'I'm pretty sure I won't
get exempted, but what's the down side? Let's put in an application.' "
Amid predictions that Californians could face dozens of rolling blackouts
this summer, state regulators are trying to update a decades-old list of who
should be spared if the lights go out.
The Alta Sierra County Club in Grass Valley should be among those whose power
stays on, Sean O'Brien, the club's golf course superintendent, told
regulators in a nine-page application.
The country club telephones could go out, making it harder to phone for help
if someone has a medical problem while golfing, he said in an interview.
And if the golf course's irrigation pumps shut down, it would lose the
ability to quell small blazes -- leaving it to rely on a fire station O'Brien
said is about one-quarter mile away.
Placerville Dialysis wants an exemption, too. As many as a dozen people there
can be having their blood pumped through an artificial kidney that cleans it
when their own kidneys no longer function properly.
"When the power goes out, everything just stops," said manager Shirley
Carpenter. "There is a way to manually return the blood by hand before it
clots in the line. ... It would just be hectic."
It takes about five minutes of manual pumping to fully disconnect someone
from a dialysis machine, Carpenter said. And some patients can help by
operating their own pumps.
But, she said, "I'm sure it would be kind of frightening to have your blood
out in the line and the power off, and they're pretty much tied to the
machine."
Pam Chin, a hairdresser at the Loomis Beauty Salon, said the owner sought an
exemption because people could get overheated if the air conditioning went
out, and older customers getting their hair set could be chilled if the
dryers shut off.
With about half the state already exempt from rolling blackouts, the question
of who else should stay connected has become a delicate one for utilities,
regulators and legislators.
Carl Wood, the PUC commissioner who has taken the lead on blackout issues,
estimates that fewer than 1,000 more utility customers can be exempted before
they overload the rolling outage system designed to take stress off the
electric grid.
While about 6,000 customers are classified as "essential" by the state's two
largest utilities, keeping them out of the blackout rotation also spares
about 5 million other customers who are served by the same circuits.
That multiplier effect will have to be weighed by the consulting firm, by
utilities and eventually by PUC commissioners, who are scheduled to vote in
early August on who should be added to existing standards.
The rules will apply to the state's investor-owned utilities, Pacific Gas and
Electric Co., Southern California Edison and San Diego Gas & Electric Co.,
but not to municipal utilities.
The Sacramento Municipal Utility District already rejected pleas for special
exemptions from a medical lab, a veterinary hospital, nursing homes, medical
facilities, businesses and residents. SMUD believes they can weather
blackouts because they are not critical to public safety.
People have counted on having dependable electricity for so long that some
have widely varying ideas of who can do without it safely, Medhekar said.
Of the more than 500 Baskin Robbins ice cream parlors that dot California,
only five are listed on the PUC Web site as applicants for exemptions.
The site cautions that its list of 9,239 electronic applicants hasn't been
checked for duplicates -- or fiction. It includes hundreds of outlets of the
same drug store and supermarket chains, dozens of related nursing homes and
more than 400 dentists. Another 1,200 commercial power users have applied by
fax.
Among those who have confirmed they want out of outages are the grocery
chains operated by West Sacramento-based Raley's, which said it took the
action as part of united effort with all California grocers, who are worried
about food spoilage.
Others in the mix are Fairfield's Westfield Shoppingtown Solano, formerly the
Solano Mall, where officials sought the exemptions out of fear that shoppers
would get injured if escalators came to a sudden halt.
The Yolo County Housing Authority asked for an exemption on behalf of its 700
dwellings in the belief that the utilities offer exemptions for low-income
Californians, Executive Director David Serena said.
Serena added that many of the authority's occupants are older or disabled and
could be endangered by a blackout.
Chevron Corp. acknowledged it couldn't show that a blackout at its refineries
would present "imminent danger to public health or safety," but it asked Gov.
Gray Davis to support legislation exempting makers and transporters for
"critical fuels," saying a refinery shutdown would cut into the state's
gasoline supply.
Some businesses acknowledged that their applications are a long shot.
"It's probably a stretch," said Amanda Leveroni, who owns Bacio Catering Co.
of Chico, about her request to the PUC. "The public wouldn't be in danger.
"But we're a catering company -- somebody has planned for a year-plus for a
wedding or some big event," she added. "I would be in such a huge situation.
I'd have to send out for pizza."
The Bee's Carrie Peyton can be reached at (916) 321-1086 or
[email protected].
PG&E, ISO agree to court order on power bills
By Claire Cooper
Bee Staff Writers
(Published June 6, 2001)
SAN FRANCISCO -- Pacific Gas and Electric Co. and the operator of
California's power grid agreed Tuesday to a preliminary court order providing
that the utility will continue to receive -- but not pay -- generators' bills
for the state's purchases of the most expensive wholesale electricity.
The tab has been running at about $300 million a month.
The order, which U.S. Bankruptcy Judge Dennis Montali said he'll sign, will
specify that the Independent System Operator will not procure power except
for a "creditworthy buyer who has agreed to pay the generator."
In California, the only such potential buyer is the state Department of Water
Resources. However, the department, which has avoided PG&E Co.'s bankruptcy
proceedings by claiming sovereign immunity, will not be controlled by the
agreement. Montali pointed out that the department still could demand
reimbursement from PG&E.
Under the agreement, the ISO will not press any claims against PG&E on behalf
of generators if they are not paid.
The proposed preliminary injunction was based on an April order by the
Federal Energy Regulatory Commission, which forbade the ISO from purchasing
power on behalf of any non-creditworthy buyer, such as PG&E.
The ISO is appealing the FERC order. If the appeal succeeds, the injunction
will end.
Peter Schrag: Turning up the heat in Houston and Washington
(Published June 6, 2001)
Behind all the palaver about the predictable standoff at last week's energy
"summit" between President Bush and Gov. Gray Davis, one major political
development was missed.
Put simply, in the past month the focus of the California energy crisis, and
maybe the onus as well, has moved east: from the state's (and Davis')
handling of the mess to the generating companies, energy marketers and gas
pipeline companies that have richly profited from it, and thus to FERC, the
do-next-to-nothing Federal Energy Regulatory Commission, and the Bush
administration.
That wasn't all Davis' doing -- far from it -- though it's been at the heart
of his message about energy industry "pirates" and "profiteers." Bush's
misbegotten energy plan and the administration's political clumsiness also
contributed mightily, not least by inadvertently giving Davis the chance to
get media exposure he could only have dreamed about.
More important, there's the defection of Sen. James Jeffords from the
Republican Party and the resulting shift of control in the U.S. Senate, where
the next chair of the Energy Committee will be Sen. Jeff Bingaman of New
Mexico, a co-sponsor of Sen. Dianne Feinstein's bill capping wholesale
electric rates for the next two years. And chairing the Committee on
Governmental Affairs will be Sen. Joseph Lieberman of Connecticut, who's
already asked for an audit of energy prices.
Those changes will draw a lot more attention to recent studies showing that a
handful of big generators -- Duke Power, Reliant, Mirant, Dynegy and the huge
energy-marketing firm Enron -- have gamed the market to drive wholesale
prices to levels that, in the year 2000, sometimes reached 40 times the
prices of the year before.
The findings come not merely from economists at the California Independent
System Operator, the agency that manages the state's grid, who estimate
overcharges resulting from market power at $6.2 billion for last year alone.
They come also from Severin Borenstein and his colleagues at the University
of California Energy Institute, who "conservatively" calculate the
overcharges at $4.5 billion; from Paul Joskow, a widely respected energy
economist at MIT; and from Edward Kahn, an economic analyst in San Francisco.
In a recent paper published by the National Bureau of Economic Research,
Joskow and Kahn conclude that there's "considerable evidence that the high
prices experienced in the summer of 2000 reflect the withholding of supplies
from the market by suppliers [generators or marketers] exercising market
power." That those high prices occurred not merely during peak usage but also
at off-hours, when no one had ever seen a price spike before, makes those
spikes even more curious.
There is, in addition, the powerful suspicion that the huge increase in
natural gas prices that a subsidiary of El Paso Energy Co., now the largest
gas company on Earth, was charging on the California side of the
California-Arizona border wasn't merely the result of an innocent imbalance
between supply and demand.
None of that may be illegal. If there's no collusion, there are no violations
of antitrust laws. But it adds plenty of steam to the political argument. In
the 2000 election cycle alone, energy companies kicked in some $64 million in
political contributions, 75 percent of it to Republicans. At a time when
those companies, many of them located in the same Houston neighborhood, are
racking up astronomical profits and when their collective coziness with Bush
and the Republican Party is a lot more than rhetoric, their vulnerability to
a vigorous Senate investigation ought to be obvious.
The clincher is "Blackout," a "Frontline" program that both symbolizes the
shifting emphasis and reinforces it. (The program is scheduled to be aired at
8 p.m. Friday on Sacramento cable Channel 7.) It isn't another recital of
Californians worrying about their electric bills, or about the stupidity of
the state's deregulation scheme or how Davis dithered in addressing the
crisis. It is about those generators and marketers in Houston and North
Carolina, men (and a few women) who regard themselves as the heroes of the
new energy markets.
The piece is reported by Lowell Bergman, who in working for both "Frontline"
and the New York Times has already broken major print stories about Duke
Power's secret approach to Davis offering unspecified energy refunds in
return for an end to state investigations and lawsuits. Bergman also reported
private conversations between Enron chairman Kenneth Lay, a major Bush
supporter, and FERC chairman Curt Hebert regarding the influence that Lay
could exercise with Bush to allow Hebert to keep his chairmanship if Hebert's
supported certain decisions Enron badly wants.
None of these recent events is likely to end Davis' political woes, and they
may not produce the wholesale rate caps Feinstein wants and that most
economists think necessary -- or maybe any significant reduction in the
industry's predatory pricing. But they will surely help turn up the heat,
both in Houston and Washington. Six months ago FERC found wholesale prices
were not "fair and reasonable" as federal law requires, but did little about
them. It will now have a lot more questions to answer.
Peter Schrag can be reached at Box 15779, Sacramento, CA 95852-0779, or at
[email protected].
Is trading an insider's game?
Buying, selling of electricity is a growth business, but some say deck is
stacked against consumers
By Craig D. Rose
UNION-TRIBUNE STAFF WRITER
June 6, 2001
While Californians decry deregulation's failure to deliver a competitive
market, electricity wholesalers have quietly developed a vast and rapidly
growing business of buying and selling power among themselves.
The deals take place on high-tech trading floors in Houston and elsewhere
around the country, as well as on Internet-based trading systems.
Some experts say this electricity trading is a key mechanism for raising
consumer power prices, yet it's largely unregulated.
"Electricity trading is like buying stock -- when you have ability to change
the stock price," said Frank Wolak, a Stanford University economics professor
and member of the state grid operator's market surveillance group.
Energy companies say the buying and selling of contracts to deliver power
provides risk management, allowing plant owners to presell their electricity,
lock in prices and avoid fluctuations. The rough and tumble of the free
market, they add, is the most efficient means of allocating a resource like
electricity.
But industry critics say trading is far from a competitive market paradigm.
In their view, it's a means of communication -- a way for energy insiders to
collude and raise prices under the guise of competition.
To be sure, the trading arms of major energy companies have emerged as stars
in an industry where profit surges of 300 percent or 400 percent are not
uncommon.
The transactions, shrouded in secrecy, can leave ownership of a critical
commodity in unknown hands. Consider the case of power generated by AES
Corp.'s California plants.
In 1998, AES made a bold move. Immediately after purchasing power plants that
gave it control of 10 percent of the state's electric generating capacity,
the company sold the output from its plants for the next 20 years to Williams
Cos.
Williams did not sit on this treasure trove of electrons. The Tulsa, Okla.,
company soon sold 80 percent of what it bought.
It is difficult to say who owns that power now. Some might be owned by Sempra
Trading, a sister company of SDG&E. Or some could be owned by Enron Corp.,
the nation's biggest electricity trader.
A spokeswoman for Williams conceded that Williams itself may have repurchased
some of the electricity it sold earlier. But trading companies closely guard
their positions.
This much can be said with certainty: Electricity that AES sold for less than
5 cents per kilowatt-hour to Williams changed hands perhaps 10 times in the
wholesale market and emerged at times in recent months with a price tag for
consumers that was 300 percent higher.
Williams' trading profits increased by 523 percent in the first quarter this
year.
Advance sales
All this buying and selling creates curious confluences.
In their attempt to deflect criticism over high prices, generating companies
such as Duke Energy -- operator of the South Bay Power Plant in Chula and
others in the state -- frequently note that they sell most of their
electricity far in advance. But they acknowledge less often that their
trading units may also be buying power, which could boost the company's
electricity inventory.
Duke was the fourth biggest electricity trader last year and cited its
trading activity as a prime contributor to its wholesale business profits,
which soared 324 percent in the first quarter to $348 million.
It is a company's power traders who frequently direct plant operators to
increase or decrease the generation of power in response to market
conditions.
Energy companies have little option but to turn to trading for profits. One
of the better kept secrets of electrical deregulation and its promise of
competition is that there is remarkably little competition in the production
side of the business.
For one thing, electricity is a commodity; power from one company is
indistinguishable from that generated by others.
More important, nearly all modern plants generate power from turbines built
by a handful of manufacturers. The result? Modern plants owned by different
companies produce power at nearly identical cost.
"The cost of power produced by modern plants is all within a mil
(one-thousandth of a dollar)," said Michael Peevey, an adviser to Gov. Gray
Davis and former president of Southern California Edison.
So the extraction of profit in the electricity business relies much more on
trading. Traders' profits rise when prices are volatile -- plunging, or even
better, rising sharply.
Little regulation
But despite the obvious temptation to manipulate the market, the burgeoning
electricity trading business has remained largely unregulated.
The Federal Energy Regulatory Commission does require quarterly filings from
energy traders, but these often provide incomplete information, or at least
little that has been of concern to FERC.
In fact, although the trading of electricity grew more than a hundredfold
from 1996 to 2000, FERC has taken no major enforcement action against a
trader. After the onset of the California crisis last year, FERC has acted
once. That was against Williams, which agreed to pay $8 million without
admitting guilt to resolve an allegation that it withheld supply to pump up
prices.
FERC's record of enforcement in the area of power trading stands in contrast
to a long list of enforcement actions within other markets taken by the
Securities Exchange Commission and the Commodity Futures Trading Commission.
FERC has recently added staff to its market oversight operations. But William
Massey, a FERC commissioner, says the agency's effort is still inadequate.
"Electricity can be flipped, stripped and chopped up," Massey said. "It's an
extraordinarily complicated market.
"The sophisticated marketers and traders have simply moved past us. We're
kind of horse and buggy in our approach and they're out there in rocket ships
flying around ... The problem is that sophisticated traders don't necessarily
produce reasonable prices. They produce profits."
Before deregulation, electricity trading was a low-key affair. Regulated
utilities dealt power back and forth on a reciprocal basis to fill
electricity shortfalls in their control areas. There was little trading for
profit until the mid-1990s, after federal legislation and FERC rulings opened
the market.
Major traders include large energy companies, sister companies of
California's major utilities and Wall Street firms.
Market volatility
In many ways, the trading of power is similar to that of other commodities.
But there are important differences. Because it cannot be stored and its use
is so fundamental, the price of electricity is the most volatile of all.
When supplies are tight, a single supplier can rapidly raise prices to
budget-busting levels, as evidenced by Duke Energy's recent admission that it
charged California nearly $4,000 for a megawatt-hour of power, a quantity
that probably sold hours earlier for one-tenth of that sum or less.
Wolak, the Stanford economist, and state Sen. Joseph Dunn, D-Garden Grove,
who is investigating the state power market, say trading allows companies to
collude under the guise of competition. Instead of wringing out lowest costs,
the wholesale trading market serves to raise prices, they say.
"As I trade to you and you trade to me, we communicate to each other what
price we would like to get," said Wolak. "It's not collusive. It's just
communicating price."
Mark Palmer, a spokesman for Enron, the nation's biggest power trader, said
California's problem is not the result of trading.
"It's a result of shortages," Palmer said.
Underscoring its emphasis on trading, Enron's new headquarters tower in
downtown Houston rises from a six-story block of new trading floors,
including expanded space for electricity trading.
Enron also pioneered trading in cyberspace and its Enron Online site claims
to be the most active computer-based trading market.
The Houston company argues that consumers won't fully benefit from power
trading and deregulation until they have greater choice in choosing their
power supplier. And the company says FERC has not done enough to open access
to transmission lines, which would allow traders to move power around the
country. To that end, Enron has lobbied hard for President Bush's plan for a
national electricity grid.
Palmer says the notion that the price of electricity rises each time it is
traded is mistaken.
"The market is always looking for the real price of a commodity," Palmer
said.
Dunn, the California state senator, says his investigation found a different
function for trading. At a time when supply barely meets or falls short of
demand, he noted, companies with electricity to sell have to worry only about
how high to set their price.
"The trader is a pawn in the generator's game to drive up prices," said Dunn.
"Trading develops a level of trust. You, my alleged competitor, will bid in
the same patterns and I will respond not in a competitive pattern but in a
complimentary pattern."
The state senator said his investigation found evidence that on several days,
energy companies appeared to test their ability to drive prices up, without
being undercut by competitors.
This ability to drive up prices without competitive consequence is a key test
of market power, the technical term for manipulation or price fixing.
But Dunn also conceded that antitrust violations can be hard to prove in
court. He suggested that even if the trading behavior falls short of
antitrust violations, it remains anti-competitive and devastating for the
California economy.
To Harry Trebing, a utility industry expert and professor emeritus at
Michigan State University, wholesale electricity trading is reminiscent of
what took place in the 1920s and early '30s. Back then, utility companies
created complex networks of holding companies that traded stock among
themselves, driving up prices in the process.
Undoing that scheme was a focus of President Franklin Roosevelt's
administration. Congress ended up barring national power companies and
tightening regulation of utilities, in an effort to counteract their tendency
to create markets that work only for insiders.
"The broad goals of trading are the same," Trebing said.
"The goal is to maximize profits through raising prices."
Daily energy costs for state fall in past weeks
By Ed Mendel
UNION-TRIBUNE STAFF WRITER
June 6, 2001
SACRAMENTO -- In some of the first good news of the electricity crisis, the
Davis administration said yesterday that the daily cost of power purchased by
the state for utility customers has dropped in recent weeks.
The price-drop news comes after an announcement that Californians conserved
more energy than expected last month, 11 percent, and amid Davis
administration optimism that the Legislature may finally begin to move on a
plan to keep Southern California Edison out of bankruptcy.
The developments, if they turn out to be a trend and not temporary, could be
among the first signs that Gov. Gray Davis' plan to end the electricity
crisis is beginning to work. But the administration isn't saying that.
"We have had a few good days here lately," said S. David Freeman, a Davis
power adviser. "I don't think that I want to project."
Some power-market watchers began to speculate last month that prices may have
peaked earlier this year. Platts, an energy information service, said
yesterday that spot prices for the natural gas used by power plants are
falling this month.
The governor's press secretary, Steve Maviglio, told reporters yesterday that
the daily amount spent on power is now "well below" $50 million, which was
the average cost earlier this year.
A 12-day gap in the most recent notice to the Legislature that another $500
million increment will be spent on power suggests that the daily average
during the last two weeks may have dropped down around $42 million.
Oscar Hidalgo, a spokesman for the state power purchasing agency, said that
the average cost of power was under $40 million during the first four days of
this month.
Maviglio attributed the lower cost to conservation, the phasing in of cheaper
long-term power contracts, fewer power plants off-line for maintenance, and
cooler weather.
However, he said, "The average cost is still way over what we paid last
year."
There was widespread skepticism in late April when the governor's consultants
predicted that the $346 per megawatt-hour average paid by the state for
non-contracted power from April through June would drop to an average of $195
from July through September.
"We are still very comfortable with the projection that Mr. Fichera and
company estimated," Maviglio said, referring to Joseph Fichera of Saber
Partners in New York.
During a briefing on May 21, Fichera told reporters that the amount of power
that the state would obtain under long-term contracts for May was expected to
be about 43 percent of the total required, the so-called net short.
Fichera said contracts already signed were expected to cover 66 percent of
the net short in June, 48 percent in July, and 42 percent in August. He said
contracts that had been agreed on in principle could increase those amounts
to 73 percent in June, 67 percent in July, and 60 percent in August.
"We are still on target. There are risks," Fichera said yesterday, among them
extended hot weather and power plant outages. "No one is popping the
champagne corks until Sept. 30."
The governor's consultants based their forecast of power demand this summer
on an estimate that Californians will reduce their electricity use by 7
percent.
The 11 percent reduction last month, as compared to May of last year, came
before the sticker shock of rate hikes that begin this month for customers of
Edison and Pacific Gas and Electric. And a $35 million ad campaign urging
conservation has not hit full stride.
Maviglio said the administration plans to release some detailed information
on Monday about the roughly $8 billion the state has spent buying power. The
general fund will be repaid by a bond of up to $13.4 billion that ratepayers
will pay off over 15 years.
Legislative leaders have demanded detailed information about power purchases
before proceeding with the Edison plan. Assembly Democrats are working on a
plan that de-emphasizes state purchase of the Edison transmission system and
would put most of the burden for paying off Edison's debt on businesses and
large users, not residences.
Five tiers sought in proposed rate boost
Conservation would be promoted, SDG&E says
By Karen Kucher
UNION-TRIBUNE STAFF WRITER
June 6, 2001
A proposed rate increase for SDG&E customers to cover the high cost of
electricity should be imposed in five tiers to encourage conservation, the
company is advising state utility regulators.
The more electricity a customer uses, the higher the rate would be.
SDG&E needs to raise its rates to bring in an additional $502 million
annually to pay the state for power purchases.
The state Public Utilities Commission is expected to rule on San Diego Gas &
Electric's rate-increase proposal June 28.
The rate changes would remove a cap that has shielded most SDG&E customers
from rising electricity prices for a year. The cap, enacted by state
lawmakers in September 2000 and retroactive to June 2000, set rates at 6.5
cents per kilowatt-hour.
Higher rates would mean the average SDG&E residential and small-business
customer's electricity bills would go up by 18 percent. Large commercial
users' bills would average 29 percent more.
Public hearings on the issue will be held next Monday and Tuesday in San
Diego, El Cajon, Escondido and San Clemente. These sessions will focus on
small-business and residential consumers. Hearings on large commercial users
were held last month.
Earlier this year, the PUC decided to allow the state's two largest
utilities, Pacific Gas and Electric and Southern California Edison, to charge
customers an extra $5.7 billion annually for electricity.
The state Department of Water Resources, which has been buying power for
SDG&E customers since February, asked SDG&E to generate a total of $915
million annually to cover the cost of electricity purchases.
With the proposed rate increases, SDG&E could do that.
Large commercial customers would pay about 30 percent of the overall increase
and residential and small-business customers would pay about 70 percent, said
Ed Van Herik, a spokesman for the utility company.
If the increase can be tiered, as many as 60 percent of residential customers
will see no rate increase if their electricity usage remains the same, Van
Herik said.
But customers who use more than 130 percent of their baseline -- considered
the minimum amount of electricity needed by a household -- will be billed at
increasingly higher rates.
Residential and small-business customers who use a lot of electricity could
pay as much as 17.89 cents per kilowatt hour for some power they consume.
Consumer advocate Michael Shames said he is concerned the utility's proposal
does not spread the increases evenly among different types of users. He also
called for more scrutiny of the state's request.
People should tell PUC officials "that this increase should not be a carte
blanche or blank check approval," said Shames, the head of Utility Consumers'
Action Network. "The PUC needs to ensure that the rate increase requested by
the (state) is reasonable."
The public hearings are scheduled for:
?Monday, 1 p.m., San Diego Concourse, Copper Room, 200 C St., San Diego.
?Monday, 7 p.m., El Cajon Community Center, 195 E. Douglas Ave., El Cajon.
?Tuesday, 1 p.m., Country Inn Hotel, 35 Via Pico Plaza, San Clemente.
?Tuesday, 7 p.m., Center for the Arts, 340 N. Escondido Blvd., Escondido.
Port budget large, but power bills loom
Slowing economy also cause for worry
By Ronald W. Powell
UNION-TRIBUNE STAFF WRITER
June 6, 2001
The "rock" is rolling financially, but there are indications that the blues
lurk on the horizon.
Officials of the San Diego Unified Port District -- headquartered in a
block-shaped building some employees call the rock -- are happy with a
projected 2001-2002 budget that is 5.1 percent larger than the current one.
Total revenue is expected to reach $208.7 million, $10.2 million above what
is expected in the fiscal year that ends June 30.
Port commissioners gave preliminary approval to the budget yesterday and are
scheduled to take a final vote July 10.
But a slowing economy and surging electric bills are causes for concern.
Electricity costs are expected to rise from $5 million to $8.2 million in the
coming fiscal year.
"As far as trends, we see a continuation of the growth we've experienced over
the past five years," said Bruce Hollingsworth, the port's treasurer. "But
our percentage of growth will not rise as sharply."
Port revenues have grown steadily since the 1997-1998 fiscal year, when $163
million was generated.
The proposed budget calls for adding 24 employees to the port's 730-member
work force. New hires will include three Harbor Police officers, 10 employees
in the aviation division and four in maritime services.
The port operates Lindbergh Field and administers nonmilitary tidelands along
San Diego Bay. It is landlord to more than 600 waterfront businesses and
operates two marine cargo terminals and one cruise ship terminal.
The budget calls for growth in each of the port's primary revenue centers:
aviation, real estate and maritime services.
Passenger and cargo activity at Lindbergh Field is expected to generate $90.7
million, or $5 million more than expected in the current year. Most of that
increase is expected to come from parking-rate increases at the airport and
at the port's long-term parking lot on Pacific Highway.
Rent from hotels and other businesses that are port tenants are expected to
total $63.1 million, up $1.8 million from the current budget.
Increases in cargo and cruise ship traffic are expected to boost maritime
income by $2.7 million, to a total of $18.4 million.
The port expects to spend $157 million on construction projects. They include
$8.5 million to relocate the General Services Department from Eighth Avenue
and Harbor Drive in San Diego to National City and more than $5 million for
paving and improvements at the 10th Avenue Marine Terminal.
Rent revenue could grow substantially in future years. Four hotel projects on
port property have won approval or are seeking it.
Jim Bailey, president of Manchester Resorts, told commissioners yesterday
that he expects to break ground on a second Hyatt tower of 750 rooms by June
26. Port officials said revenue from that hotel would bring in an additional
$3.7 million a year. It is scheduled to open in the summer of 2003.
Hollingsworth, the treasurer, said that if all four hotels are built the port
could receive as much as $15 million a year in new revenue.
Continuous use urged for planned power plant
Escondido facility originally proposed for peak demand
By Jonathan Heller
UNION-TRIBUNE STAFF WRITER
June 6, 2001
ESCONDIDO -- A proposed power plant in southwest Escondido that initially was
expected to run only during times of peak electricity demand probably will be
allowed to run full time.
A state energy official who recommended approval of the plant yesterday has
said the plant could operate as often as the state deems necessary.
The California Energy Commission was scheduled to vote on the project today.
CalPeak Power of San Diego has asked the commission to approve a 49-megawatt
plant on Enterprise Street near Vineyard Avenue. Referred to as a "peaker"
plant, such facilities typically are designed to supply energy only during
times of peak demand.
The state limits the number of hours some plants can operate to keep
pollution at a minimum. A 44-megawatt peaker plant being built on West
Mission Avenue in Escondido by Ramco Inc. will be allowed to operate no more
than 16 hours per day.
That plant is permitted to emit up to 5 parts per million of nitrogen oxide,
although its actual emissions are expected to be slightly lower, said Dale
Mesple, a Ramco consultant. Nitrogen oxide is a component of smog.
The CalPeak plant, if approved, would be restricted to 2 parts per million of
nitrogen oxide.
It was generally assumed that the CalPeak plant would operate under similar
time restrictions as the Ramco plant. The potential for air pollution was
among the chief concerns of residents who spoke at the City Council hearings
on the Ramco project and at the energy commission hearings about the CalPeak
plant.
But under the terms of approval recommended by Energy Commission Chairman
William Keese, CalPeak's plant would be able to operate "up to 8,760 hours
per year, typically when the demand for electricity is high." That number
equals 24 hours a day.
The actual number of hours would depend on the requirements of the state's
Independent System Operator, which manages the energy grid.
"We certainly want to have the flexibility to run whenever we're needed,"
said Mark Lyons, CalPeak's development director. "Exactly how often we will
run is anybody's guess."
Escondido Councilwoman June Rady said she was frustrated by the possibility
of the plant running full time. In Ramco's case, the city and the county Air
Pollution Control District made it clear how often the plant could operate.
CalPeak chose to bypass the city's permitting process and went through the
state Energy Commission, which offers an expedited 21-day approval put in
place by Gov. Gray Davis as an emergency measure.
"I think Escondido has been absolutely ignored and there's a total lack of
due process," Rady said. "It boils down to an issue of local control."
Although city officials objected to the commission pre-empting the city's
land-use authority, the commission maintained that Davis' order gave it the
final say on this type of project.
If the commission gives final approval today, the only remedy available to
the city would be in court. At least three council members must vote to
initiate legal action.
Keese's recommended approval did take into account several city concerns
regarding landscaping. The CalPeak plant would be built near the entrance of
a planned high-tech business park, and city officials were worried the
plant's appearance might hinder the ability to attract high-quality tenants
to the park.
Mayor Lori Holt Pfeiler said she was not surprised by the commission's
recommendation.
"I expected they would want to approve the project, and that's why it was
important for the city to weigh in with conditions we have in this
community," Pfeiler said.
Rising energy prices threaten Poway troupe
By Brian E. Clark
UNION-TRIBUNE STAFF WRITER
June 6, 2001
POWAY -- Rising electricity rates may extinguish the stage lights this summer
for the Poway Performing Arts Company.
"I'm afraid that if SDG&E gets the price increase it's asking for -- from 6.5
cents per kilowatt-hour to 8.9 cents -- that we'll go under," said Kathy
McCafferty, spokeswoman for the nonprofit theater.
The volunteer organization produces its plays in a building at a Poway Road
shopping center. It held three fund-raising performances over the weekend,
but officials were uncertain yesterday how much money was raised.
The group is not affiliated with the Poway Performing Arts Center and has
been in business for 20 years.
McCafferty said the group built up a $2,000 surplus last summer before energy
prices began to surge.
"That $2,000 was a big reserve for us," she said. "It seemed like a ton of
money, but, boy, it went fast. And we're really energy-dependent. Our lights
use a lot of power. And we're in Poway on the second floor of our building.
It gets hot here, and we have to use air conditioning."
But McCafferty acknowledged that the cost of power isn't the group's only
problem.
In a recent letter to backers, President Nan Katona said the organization
also needs new blood to keep operating.
"The truth is that lack of funding is just a symptom of the deeper problem,
which is lack of community support," she wrote. "Ironically, audiences and
reviewers recognize the Poway Performing Arts Company as one of the premier
community arts theaters in San Diego."
Katona said some new volunteers had stepped forward to take leadership roles
in the theater company since she wrote her letter last month. But she said
rising electricity prices could still bring the group down.
"If our energy bills double or triple, we could be in dire straits," she
said. "It could push us over the edge financially."
McCafferty said it would be difficult for the theater to cut costs.
"We can't run a much leaner operation," she said. "If our power prices go up
again, we may still be forced out of business."
The theater is at 13250 Poway Road, in the Lively Shopping Center. For more
information, call (858) 679-8085.
Fair to use generators for midway attractions
By Michael Burge
UNION-TRIBUNE STAFF WRITER
June 6, 2001
DEL MAR -- The Del Mar Fair will generate its own electricity for thrill
rides on the midway this year instead of using energy from SDG&E.
"In case there are planned or unplanned outages, we still will be operating,"
fairgrounds General Manager Timothy J. Fennell said.
Fennell decided to put the midway on generators because he didn't want the
fairgrounds pulling power from the grid while county residents are coping
with rolling blackouts at home and at work, he said.
And the fair does not want to take a chance that a rolling blackout will
leave some people stranded in rides high above the grounds, forcing an
evacuation.
The fairgrounds has been told it is exempt from rolling blackouts, but rather
than take such a risk it will rent 13 diesel-fuel generators and produce
electricity on the midway. The rest of the fairgrounds will use power from
San Diego Gas & Electric Co.
Fairgrounds operations manager Larry Baumann estimated it would cost the
fairgrounds $20,000 more to generate its own electricity than to buy it from
SDG&E.
Midway manager Donna Ruhm said it will be worth it.
"Rides that require evacuation have to have backup power and they do," Ruhm
said. "Now our service won't be interrupted."
It is not unusual for carnivals to generate their own power, and the
fairgrounds has done so in the past. Fair officials removed the generators 10
to 15 years ago to reduce noise on the midway.
The fair opens June 15 and ends July 4.
While the rest of the fairgrounds is on the SDG&E grid, Baumann said backup
generators can kick in during a typical 60-or 90-minute blackout, allowing
the fair to operate without serious difficulty. Those generators are not
linked to the midway.
All the generators are licensed by the state and meet emission standards,
fair officials said, so they do not expect the noise and odor to be
excessive.
The fairgrounds is taking the precaution of providing its own power despite
the fact that it probably will not go dark during a rolling blackout.
"SDG&E has assured me that .?.?. the fairgrounds and the racetrack will not
be on the curtailment (blackout) list during the fair and the races," said
Del Mar Fire Chief Jack Gosney.
The Del Mar Thoroughbred racing season begins July 18 and ends Sept. 5.
Gosney said SDG&E told him earlier this year that the fairgrounds was not
subject to a forced outage because it shared a circuit with the Del Mar Fire
Station, which is a 911 dispatch center and exempt from a blackout. But he
said recent research showed that the fairgrounds is on a separate circuit.
Nonetheless, Gosney said, SDG&E is exempting the fairgrounds and racetrack
during the busy summer season.
The fairgrounds paid $137,152.95 for its electricity usage from March 12 to
April 10. It paid $51,845.39 for electricity during the same period last year.
?
Wednesday, June 6, 2001
'Hi, My Name Isn't Justice, Honey,' and Shame on Lockyer
By TOM G. PALMER
?????Here's what California Atty. Gen. Bill Lockyer said at a press
conference about Enron Corp. Chairman Kenneth Lay: "I would love to
personally escort Lay to an 8-by-10 cell that he could share with a tattooed
dude who says, 'Hi, my name is Spike, honey."'
?????Here's why Lockyer should be removed from his office of public trust:
First, because as the chief law enforcement officer of the largest state in
the nation, he not only has admitted that rape is a regular feature of the
state's prison system, but also that he considers rape a part of the
punishment he can inflict on others.
?????Second, because he has publicly stated that he would like to personally
arrange the rape of a Texas businessman who has not even been charged with
any illegal behavior.
?????Lockyer's remarks reveal him to be an authoritarian thug, someone wholly
unsuited to holding an office of public trust.
?????But his remarks do have one positive merit: They tell us what criminal
penalties really entail.
?????Contrary to some depictions of prisons as country clubs, they are
violent and terrible places. More and more politicians propose criminal
sanctions for more and more alleged misdeeds, and as a result ever more kinds
of behavior are sanctioned by criminal penalties, perhaps now even selling
electricity. Those found guilty of such crimes are put into cages, where they
are deprived of their liberty and dignity and, as Lockyer so clearly
acknowledged, raped and brutalized. What's worse, Lockyer has indicated that
he believes that rape is an appropriate part of the system of punishments he
administers.
?????Should it matter that Lay is a businessman? Imagine the outcry if the
head of Enron were female. What would Lockyer's fellow Democrats have said to
that?
?????Should it matter that Lay is chairman of an electricity generator? Does
the nature of his business justify threats to escort him to his own rape?
Lockyer told the Los Angeles Times that he had singled out Enron's chairman
because the Houston-based company is the world's largest energy trader.
?????So apparently singling out a man for a heinous threat is OK because he's
the chairman of the world's largest energy trading company. That's according
to the man who, as a state senator, sponsored California's 1984 hate-crimes
law. Evidently the crusader against intimidation on the basis of race,
religion and sexual orientation feels no hesitation at all about intimidating
someone and threatening him with the brutal use of physical force simply
because he heads the world's largest energy trading company.
?????Lockyer and Gov. Gray Davis seem to think that the best way to keep the
lights on is to threaten electricity producers with brute force, rather than
to offer to pay competitive rates in competitive markets. Are energy
producers to blame for California's energy problems? No. Bad policies,
including rigid controls on retail prices of electricity, are the cause of
the problem, not the people who generate energy. Scapegoating producers and
threatening them with violence is an old ploy of authoritarians. Californians
should not stand for it.
?????An Enron spokesman said that Lockyer's chilling stated desire to arrange
the rape of Lay does not merit a response. The spokesman is wrong. Lockyer's
remarks merit public disgrace and removal from office. After all, rape is not
a form of legal justice in America--is it?
- - -
Tom G. Palmer Is a Senior Fellow at the Cato Institute in Washington. E-mail:
[email protected]
Copyright 2001 Los Angeles Times
California ; Metro Desk
U.S. Probes Alleged Pact Not to Build New Plants Power: Justice officials
focus on Southland operations of two firms, which deny wrongdoing.
MYRON LEVIN; NANCY RIVERA BROOKS
?
06/06/2001
Los Angeles Times
Home Edition
Page B-1
Copyright 2001 / The Times Mirror Company
The U.S. Department of Justice has launched an investigation into whether two
companies that control a large swath of Southern California 's electricity
supply agreed to limit power plant construction, potentially hindering
crucial energy production, according to federal records and interviews.
The civil antitrust probe of Williams Energy Services and AES Southland
represents the Justice Department's first foray into the activities of energy
suppliers who have reaped huge profits in California 's price-shocked market.
AES disclosed the investigation, which began last month, in a filing with the
Securities and Exchange Commission on Tuesday. In its papers, AES said the
Justice Department is focusing on whether its agreement with Williams could
constrain future power plant construction in Southern California .
The investigation comes at a time when the state is scrambling to get new
generators built and running to avoid blackouts and economic problems.
The government alleges that AES and Williams agreed to limit the expansion or
construction of new power plants near three facilities purchased by AES in
1998 from Southern California Edison under the state's new deregulation plan.
The plants--in Long Beach, Huntington Beach and Redondo Beach--are owned by
AES, but the electricity is sold by Williams. Under a 3-year-old deal, known
as a tolling agreement, Williams essentially rents out the capacity of the
plants for annual payments to AES. Williams supplies natural gas to fire the
plants and sells the electricity under long-term contracts and in the costly
spot market.
Williams and AES have similar tolling agreements at plants in Pennsylvania
and New Jersey. However, AES spokesman Aaron Thomas said the Justice
Department's investigative requests have focused only on agreements between
Williams and AES in Southern California .
Thomas would say only that the agreement at the center of the investigation
is simply a delineation of "how expansion or repowerings are done at the
facilities."
The three plants have a combined capacity of more than 3,900 megawatts,
enough to supply about 3 million homes. This summer, AES is bringing another
450 megawatts on line by reactivating two mothballed generators in Huntington
Beach.
Paula Hall-Collins, a spokeswoman for Tulsa-based Williams Cos., said she
believes that the investigation is unrelated to a recent inquiry by the
Federal Energy Regulatory Commission into whether AES and Williams
unnecessarily shut down plants to jack up prices. A portion of that
investigation was settled in April, when Williams, without admitting any
wrongdoing, agreed to pay about $8 million.
"We've always maintained that we've operated within the law, and we're
certain the investigation by the DOJ will find we are operating legally,"
Hall-Collins said.
Williams and AES are among the power plant owners and marketers that have
been lambasted by Gov. Gray Davis because of gold-plated electricity prices
that have pushed the state's biggest utilities to the edge of ruin and are
steadily draining the state's budget surplus.
State officials are asking FERC to revoke the rights of AES and Williams to
sell electricity at whatever price the market will bear. That right was
granted for three years, beginning in 1998 by federal regulators when
California 's $28-billion electricity market was opened to competition.
Under that plan, the rights of AES and Williams to sell into the market are
the first to come up for renewal.
AES Southland and Williams Energy Services are both arms of large energy
companies--AES Corp. of Arlington, Va., and Williams Cos. of Tulsa, Okla.
California ; Metro Desk
Natural Gas, Power Prices Drop Sharply Energy: More conservation, mild
weather are among factors keeping costs down, experts say.
RICARDO ALONSO-ZALDIVAR; NANCY VOGEL
?
06/06/2001
Los Angeles Times
Home Edition
Page B-1
Copyright 2001 / The Times Mirror Company
WASHINGTON -- The wholesale prices of electricity and natural gas in
California have fallen sharply in recent weeks, and experts said Tuesday that
the relief could be the harbinger of an energy turnaround.
Or it may be just a blip.
In the last couple of weeks, California power prices have plunged to the
lowest levels since April 2000, traders say, with electricity selling on some
days for less than $100 per megawatt-hour.
At night, when demand slackens, power sometimes sells for less than $20 per
megawatt-hour. That is reminiscent of the days before prices went haywire
last summer.
It is a drastically different scenario than the $500 to $800 the state paid
during a spate of hot weather last month.
Meanwhile, wholesale natural gas prices at a bellwether pipeline junction on
the Southern California -Arizona border dipped last week to their lowest
levels since November, according to a publication that tracks the industry.
Separately, Southern California Gas Co. and Pacific Gas & Electric Co.
reported June rate cuts for their residential gas customers of 16% and 38%,
respectively.
Experts credited a combination of conservation, mild weather, a burst of
increased hydroelectric generation and lower natural gas prices for the drop
in electricity costs.
"Conservation is starting to worry the generators, which is nice to see,"
said Severin Borenstein, director of the University of California Energy
Institute in Berkeley. Californians used 11% less energy last month than in
May 2000, according to the state Energy Commission.
"I'm worried that if we don't push harder on conservation, [prices] won't
stay down," Borenstein added.
On the natural gas side, experts said the price decline is due to replenished
storage within California , a nationwide drop in the cost of the fuel and
easing demand from power plants.
The number of shippers competing to get natural gas to the state has also
increased, with the expiration of a controversial contract on the El Paso
pipeline system last week.
But economists were reluctant to make sweeping predictions based on the
latest indicators.
"It's hard to draw specific conclusions," said Bruce Henning, who tracks the
natural gas markets for Energy and Environmental Analysis Inc., an Arlington,
Va., consulting firm.
How the summer turns out depends on the weather in the state, Henning said,
adding, "The weather represents the balance in the Southern California
market."
Natural gas fuels most California power plants. With wholesale prices
recently averaging three to four times the rates charged elsewhere in the
country, state and federal officials have despaired of chances for
controlling electricity costs.
Last Friday, however, the daily price for immediate delivery of natural gas
in Topock, Ariz., a pipeline junction near the California border, dipped to
$7.85 per million British thermal units.
According to Natural Gas Week, it was the first time since mid-November that
the price at that location had fallen below $8 per million BTUs. One million
BTUs is what a typical Southern California home uses in five or six days.
Considered a bellwether for other pipeline systems serving California , the
Topock price reached a record $56.54 per million BTUs on Dec. 8. It stood at
$9.36 per million BTUs at the close of business Tuesday, still below recent
weekly averages.
Other industry publications have also picked up signals of price declines.
Platts, the energy information division of McGraw-Hill Cos., reported Tuesday
that the price for monthly gas delivery contracts to California fell 22% in
June, following a nationwide trend.
But Henning said the drop in California prices is attributable to both lower
prices around the country and a decline in the high markups for shipping gas
to California . Those markups, which far exceed the cost of transporting gas,
have drawn the attention of state and federal investigators.
Henning said the markups are declining as depleted storage levels in
California are replenished. "Storage levels have been filling very rapidly,
and that fact is reflected in prices coming down," he said.
The link between natural gas and electricity prices is a hotly debated
subject. Some experts say high-priced natural gas is driving up the cost of
electricity . Others believe that record prices for power are raising the
prices that generators are willing to pay for their fuel.
Electricity prices that range from $20 to $200 per megawatt-hour--instead of
the $150 to $500 per megawatt-hour paid in recent months--are great news for
Gov. Gray Davis.
Average daily power prices in California for transactions through the
Automated Power Exchange have dropped from $149 per megawatt-hour last Friday
to $110 per megawatt-hour Tuesday. The exchange is a private company that
brings together electricity buyers and sellers and accounts for less than 10%
of the state's market.
Davis spokesman Steve Maviglio said Tuesday that average daily power
purchases by the state have recently dipped below $50 million.
The state has sometimes had to pay more than $100 million a day since it
started buying power in January through the Department of Water Resources.
The state stepped in because California 's two biggest utilities became too
financially crippled to withstand the prices being charged by generators.
Davis' plan to pay for past and future energy purchases with a $12.4-billion
bond issue hinges on an assumption that power prices will be driven down this
summer through long-term contracts, conservation and the construction of new
power plants.
UC Berkeley's Borenstein said conservation efforts have not gone far enough.
"You walk into most buildings and you still need a sweater," he said. "That
ain't the way to hit the target."
If Californians conserved an additional 10% off their peak usage on hot
afternoons, he said, "we could really break the backs of the generators, we
could really collapse the price."
Prices tend to skyrocket in California 's electricity market on hot
afternoons, when demand soars and grid operators must scramble to purchase
enough electricity . Cool weather, which reduces demand for air conditioning,
and conservation help keep the state from reaching such crisis situations.
Borenstein said he believes generators are also asking less money for their
electricity in part because of a federal order that took effect last month.
The order limits the price power plant owners can charge when California 's
supplies are strained.
Power sellers say there are more fundamental forces at work.
"There's more supply relative to demand, which is softening prices," said
Gary Ackerman, executive director of the Western Power Trading Forum. "The
market is working, and it's providing cheaper wholesale power more quickly
than any regulatory scheme could ever do."
*
Times staff writer Dan Morain in Sacramento contributed to this story.
RELATED STORY
PG&E wins: The utility averted a $1-billion bill for power buys. B6
(BEGIN TEXT OF INFOBOX / INFOGRAPHIC)
A Blip or a Trend?
Daily natural gas prices at the California border with Arizona--considered a
bellwether of the state's costs--have been declining in the last two weeks.
*
Natural gas price per 1 million Btu
$9.36
Source: Natural Gas Week
California ; Metro Desk
The State Utility Averts $1 Billion in Costs Courts: PG&E and Cal-ISO agree
to recognize Department of Water Resources as purchaser of the power.
TIM REITERMAN
?
06/06/2001
Los Angeles Times
Home Edition
Page B-6
Copyright 2001 / The Times Mirror Company
SAN FRANCISCO -- Pacific Gas & Electric Co. and the state's power grid
operator reached an agreement Tuesday that insulated PG&E at least
temporarily from more than $1 billion in power purchases the state made for
its customers.
The California Independent System Operator sent $1.26 billion in invoices to
the utility for power purchases by the state Department of Water Resources
for PG&E customers from January through March.
But the utility contended in Bankruptcy Court proceedings that it was not
liable for such purchases and that continued purchases would cause annual
losses of $4 billion.
After arguments before Judge Dennis Montali, PG&E and Cal-ISO agreed that the
Department of Water Resources, not PG&E, purchased the power. Cal-ISO had
argued that it was making the purchases on PG&E's behalf.
"PG&E wants to be a utility and have obligations to serve customers, but they
don't want to pay for it," Cal-ISO general counsel Charles Robinson said
later.
If PG&E refuses to pay the invoices, Robinson said, Cal-ISO will send the
bills to the Department of Water Resources, and officials there can decide
whether to pursue claims in Bankruptcy Court. A spokesman for department,
which has authorization to sell $13 billion in bonds for power purchases,
said the agency will have no comment until the matter can be studied.
State agencies have stayed out of the bankruptcy proceedings, hoping to
preserve their immunity from suits in federal court.
The agreement will be submitted for Montali's approval Monday, but the judge
said it would not be binding on the department because no one represented the
agency in court.
PG&E's own production and contracts provide the majority of the power for its
customers. But state legislation adopted this year allows the department to
secure power contracts to serve customers of ailing utilities. When a
shortage threatens the power grid, the department purchases additional power
through Cal-ISO on the spot electricity market.
PG&E filed for Chapter 11 protection from creditors on April 6, saying it was
$9 billion in debt.
Dramatic drop in cost of electricity
LOWER BILLS: Cheaper fuel, milder weather credited
David Lazarus, Chronicle Staff Writer
Wednesday, June 6, 2001
,2001 San Francisco Chronicle
URL: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2001/06/06/MN199202.DTL
California electricity prices have plunged unexpectedly to their lowest level
in more than a year, partly as the result of a simultaneous drop in prices
for natural gas, which fuels most power plants.
Make no mistake: Gas and electricity prices could surge upward again in
months ahead.
But for the first time since California's energy markets went haywire last
summer, industry experts are beginning to ask whether the state finally may
have turned a corner in its battle with runaway power costs.
"California is not yet out of the woods," said Kelley Doolan, who tracks
natural gas prices for energy market researcher Platts. "But this is a very
significant decrease in costs."
Along with lower gas prices, the decline in electricity costs was attributed
by state and industry officials to milder weather, which reduces demand for
power. They also credited recent conservation efforts by consumers and
better-than-expected runoff at dams for hydroelectric plants.
Gary Ackerman, executive director of the Western Power Trading Forum, an
energy-industry association, said these factors came together to produce the
lowest wholesale electricity prices since April 2000.
Electricity on the spot market could have been purchased yesterday for as
little as $50 per megawatt hour, he noted, compared with more than $500
earlier this year.
"If the weather stays this way, we could have reasonable prices all summer, "
Ackerman said. "We may also have fewer blackouts."
It is tempting for Californians to be suspicious of virtually any swing in
energy prices. If power companies manipulated prices on the way up, as
critics have alleged, might they not be up to some trick as prices head in
the opposite direction?
Nettie Hoge, executive director of The Utility Reform Network in San
Francisco, speculated that generators are allowing electricity prices to fall
so they can discourage federal regulators from taking a more active role in
the dysfunctional California market.
"They're trying to take the heat off," she said.
Others cautioned that the lower prices may be nothing more than a statistical
blip.
"This was just one month's decline," said Michael Shames, executive director
of the Utility Consumers' Action Network in San Diego. "We really have to see
how this plays out in the future."
Steve Maviglio, a spokesman for Gov. Gray Davis, said the governor was very
encouraged by the lower energy prices. Davis announced Sunday that
California's power use was down 11 percent last month from a year before.
"We're not there yet," Maviglio said of whether an end to the state's power
woes is in sight. "But the trend is pointing in the right direction."
WHITE ELEPHANT
Yet this sudden drop in energy prices does have a dark side: California could
end up with a huge white elephant after spending about $40 billion in public
funds on long-term power contracts.
The logic behind the contracts, which are at an average price of $69 per
megawatt hour over 10 years, is that the state expected to pay below-market
rates for electricity for a number of years before prices came down and
California found itself paying above-market rates.
If current trends continue, though, California will find itself paying
consistently above-market rates much sooner than expected, making the long-
term contracts a sweet deal for the same power companies that profited so
handsomely during the state's darkest hours.
"The contracts look really ugly right now," said Shames at the Utility
Consumers' Action Network. "They may be way overpriced."
Maviglio, the governor's spokesman, said it is too early to conclude that the
state did poorly negotiating dozens of long-term power contracts.
"No one has a crystal ball on this," he said.
CUSTOMERS' BILLS TO DROP
In any case, Pacific Gas and Electric Co. said yesterday that customers'
average gas bills will drop 26 percent this month to $26 and should stay near
that level all summer.
Platts, which monitors average monthly spot prices, found that the wholesale
price of gas at the California-Oregon border has tumbled nearly 42 percent
since the beginning of May -- from $9.98 per million British thermal units to
$5.81.
The wholesale gas price at the California-Arizona border fell 45 percent,
from $11.91 to $6.50. This compares with a 25 percent monthly decline in
average natural gas prices nationwide.
However, California gas prices are still about 50 percent higher than they
were a year ago, whereas national prices are now below year-ago levels for
the first time since last spring.
While cooler weather nationwide helped push gas prices down overall, Doolan
attributed the especially steep drop in California to a commensurate surge in
prices last month related to fears of a long, hot summer of rolling
blackouts.
"You had state officials all but promising rolling blackouts this summer," he
said. "That created enormous demand for electricity generation.
"What has changed is that we've had weeks of mild weather," Doolan observed.
"The electricity generators have not come out of the woodwork buying up all
the gas."
This allowed utilities like PG&E to beef up gas inventories, which eased
demand and resulted in substantially lower prices, he said.
'BACK ON TRACK'
"We're back on track to be completely full for winter," said Staci Homrig, a
PG&E spokeswoman. "That's a very good thing."
Gas prices historically dip in the spring and summer and then rise again in
the winter. PG&E is forecasting that customers' average gas bills could rise
to as high as $75 in December if current trends continue.
However, the precipitous drop in gas prices in recent weeks suggests that
California's unusually high costs at last may be abating.
Individual power companies so far are reluctant to speculate on whether the
drop in gas prices will have a lasting effect on electricity costs.
E-mail David Lazarus at [email protected].
,2001 San Francisco Chronicle ? Page?A - 1
San Jose council gives green light to generating plant
VOTE REVERSAL: Officials pressured to OK project
Marshall Wilson, Chronicle Staff Writer
Wednesday, June 6, 2001
,2001 San Francisco Chronicle
URL: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2001/06/06/MN167180.DTL
In a clear sign that the political landscape has shifted because of the
state's power crisis, the San Jose City Council gave a green light yesterday
for construction of a generating plant it had unanimously opposed in
November.
Yesterday's 10-to-1 vote came after months of mounting pressure for the city
to reverse course and approve the controversial 600-megawatt Calpine plant at
Coyote Valley.
That pressure -- increased by the occasional rolling blackout -- has come
from nearly every corner of the state, from elected officials to high-tech
businesses and labor unions worried the power crisis will drain away jobs,
ruin the economy and lead to voter backlash over skyrocketing energy bills.
Even the local branch of the NAACP and environmentalists pushed the council
to approve the Calpine proposal -- despite overwhelming opposition from the
plant's neighbors.
Council members did not hide their disdain yesterday for being forced to
reconsider their opposition to the so-called Metcalf Energy Center.
"I'm holding my nose to vote for this thing," said Councilwoman Linda
LeZotte.
"I'm just as unhappy as everybody else," Vice Mayor George Shirakawa said. "I
feel like no matter what happens, we can't win."
GOVERNOR OFFERED HIS SUPPORT
After the council's solid opposition in November, Calpine appealed to the
California Energy Commission, which has the final say. The controversial
plant then received a huge boost in April when Gov. Gray Davis threw his
support behind it.
San Jose officials conceded yesterday that the energy commission was likely
to override their opposition and grant approval within a few weeks. They said
the commission's likely approval was stripping them of their power to decide
local land-use issues.
"What I think has happened . . . is the governor and the Legislature at the
state level have taken this out of our hands," said Councilwoman Pat Dando.
"I don't think there's any chance at all the California Energy Commission is
going to turn down the Metcalf Energy Center," Councilman Chuck Reed said.
CONSTRUCTION MAY BEGIN SOON
If given the go-ahead by the state, Calpine could begin construction as early
as next month. The natural-gas fired plant would generate electricity by
mid-2003, company spokesman Kenneth Arbeu said.
At the urging of Mayor Ron Gonzales, the council yesterday approved a new
"cooperation agreement" with Calpine. The vote, with Councilman Forrest
Williams casting the lone nay, is preliminary while a final vote that is
scheduled for June 26.
Gonzales argued that the agreement did not amount to a flip-flop because it
differs from what Calpine proposed in November.
The agreement approved by the council calls for increased monitoring of air
pollution, the use of treated wastewater to cool the plant, which will reduce
discharges into San Francisco Bay, and a $6.5 million "community benefits"
package, with the bulk going toward parkland acquisition, Gonzales said.
"This council has not changed its decision," he said. "What we've done is
change the facility."
Critics, incensed that the city was buckling to outside pressure, vowed to
change the council at the next election.
CONCERNS OVER HEALTH RISKS
They raised concerns that boiled wastewater steam wafting over their homes
from Calpine's plant could pose health risks. Jona Denz-Hamilton said more
controls are needed to ensure the safety of neighbors like herself and her
family and argued that new, cleaner-burning technologies should be installed
at the plant.
"It's too great of a risk," she said.
Other critics said the state's energy woes will be solved and largely
forgotten by the time the plant opens in two years, while the Santa Teresa
neighborhood will be stuck with pollution for decades.
Approval seemed a given at the start of the more than three-hour hearing.
Much of the afternoon's debate focused around plans to extend a pipeline for
treated wastewater to the new plant.
Critics said Calpine was receiving a sweet deal by paying only $10 million of
the $50 million cost of extending the pipeline. Several council members asked
for a more detailed report into the financing plan before the final vote is
taken June 26.
Chronicle staff writer Bill Workman contributed to this report.
E-mail Marshall Wilson at [email protected].
,2001 San Francisco Chronicle ? Page?A - 1
Developments in California's energy crisis
Wednesday, June 6, 2001
,2001 Associated Press
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2001/06/06/state1
053EDT0177.DTL
(06-06) 07:53 PDT (AP) --
Developments in California's energy crisis:
WEDNESDAY:
* No power alerts Wednesday as reserves stay above 7 percent.
TUESDAY:
* Gov. Gray Davis' administration says the state's electricity costs are
dropping substantially, even as it asks state legislators for another
half-billion dollars for power purchases. That brings to $8.2 billion the
amount the state is paying for electricity on behalf of three financially
strapped utilities.
Spokesman Steve Maviglio says the cost to the state treasury has dropped in
the last few weeks well below the $50 million dollars the state had been
paying on a typical day. He credits cooler weather, conservation, more power
plants online and more long-term contracts with helping drive down the cost.
* A state Senate committee agrees to issue subpoenas to eight out-of-state
electricity generators demanding they hand over documents on bidding, pricing
and other aspects of power sales in the state. The subpoenas would help a
special Senate committee's investigation into whether the companies are
illegally profiteering from California's power crisis. The committee's
chairman says he expects the companies to resist, setting the stage for a
court battle.
* Oil giant Chevron threatens to cut gasoline production in California unless
it is exempted from rolling blackouts. The San Francisco Chronicle says it
has a copy of a letter sent Friday from Chevron chairman David O'Reilly to
Davis. In the letter, O'Reilly says the company will scale back gasoline
production at its Richmond and El Segundo plants, operating those refineries
only with power produced by generators at the sites.
* New U.S. Senate Majority Leader Tom Daschle, D-S.D., supports Federal
Energy Regulatory Commission price caps. "FERC must meet its obligation under
current law to ensure 'just and reasonable' prices for wholesale electricity
in the state of California. FERC has failed to meet this responsibility...,"
Daschle says in a letter to Davis. "Unless FERC acts soon, Senator (Dianne)
Feinstein's legislation should be taken up and passed to direct FERC to take
action. I will support all necessary efforts to meet that goal."
* House Subcommittee on Energy Policy, Natural Resources and Regulatory
Affairs Chairman Doug Ose, R-Sacramento, cites Electric Utility Week figures
that FERC's limited price caps helped cut California's power rates from $300
to $108.47 per megawatt hour within an hour after taking effect last week.
While he says more information is needed, Ose uses the figures to tout his
pending bill to impose the price caps around the clock and to all Western
states.
* Pacific Gas & Electric Co. asks U.S. Bankruptcy Judge Dennis Montali to
stop the manager of the state's power grid from buying electricity for
utility or charging it for any electricity bought after the utility filed for
bankruptcy on April 6. Separately, the utility's creditors support its
request to the bankruptcy court to pay out $17.5 million in bonuses to the
management team that guided the utility into bankruptcy.
* California Department of Water Resources reveals it is negotiating with
municipal utilities to buy their surplus power. Department spokesman Oscar
Hidalgo says talks began last week but no agreements are imminent.
* State lawmakers criticize a $3 million lobbying campaign by Southern
California Edison. The utility is telephoning shareholders to describe the
dire consequences if the utility goes bankrupt. The call is then transferred
to the state Capitol so shareholders can implore lawmakers to support a
controversial plan to help the utility. Legislators and their staffers say
the shareholders often are confused and scared their investments will be
degraded or wiped out.
* State Treasurer Phil Angelides joins an advocacy group for the poor in
urging the state's huge pension funds to use their economic power to leverage
power companies. The Pacific Institute for Community Organization says the
two pension funds own at least $1.2 billion in stocks and bonds in most of
the firms that sell electricity to California.
* The Assembly, by a 69-0 vote, approves a bill to spend $10 million on
environmental studies needed before Path 15, the inadequate transmission-line
group between Northern and Southern California, can be expanded. The bill
moves to the Senate.
* Pacific Gas and Electric announces a decrease in natural gas prices, down
38 percent from May's rates and 66 percent lower than January's rates. The
decline will bring the average residential gas bill to $26 when it goes into
effect June 7. Market analysts predict the rates will remain stable until
December when demand is expected to increase with winter heating loads.
* No power alerts Tuesday as electricity reserves stay above 7 percent.
* Shares of Edison International closed at $10.05, down 53 cents. PG&E Corp.
closed at $11.25, down 15 cents. Sempra Energy, the parent company of San
Diego Gas & Electric, closes at $26.91, down 43 cents.
WHAT'S NEXT:
* Davis' representatives continue negotiating with Sempra, the parent company
of San Diego Gas and Electric Co., to buy the utility's transmission lines.
THE PROBLEM:
High demand, high wholesale energy costs, transmission glitches and a tight
supply worsened by scarce hydroelectric power in the Northwest and
maintenance at aging California power plants are all factors in California's
electricity crisis.
Edison and PG&E say they've lost nearly $14 billion since June to high
wholesale prices the state's electricity deregulation law bars them from
passing on to consumers. PG&E, saying it hasn't received the help it needs
from regulators or state lawmakers, filed for federal bankruptcy protection
April 6.
Electricity and natural gas suppliers, scared off by the two companies' poor
credit ratings, are refusing to sell to them, leading the state in January to
start buying power for the utilities' nearly 9 million residential and
business customers. The state is also buying power for a third investor-owned
utility, San Diego Gas & Electric, which is in better financial shape than
much larger Edison and PG&E but also struggling with high wholesale power
costs.
The Public Utilities Commission has approved average rate increases of 37
percent for the heaviest residential customers and 38 percent for commercial
customers, and hikes of up to 49 percent for industrial customers and 15
percent or 20 percent for agricultural customers to help finance the state's
multibillion-dollar power buys.
,2001 Associated Press ?
California conserves
Wednesday, June 6, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/06/06/E
D86597.DTL
WHEN RAIN fails to fall from the sky, Californians know why there is a
drought. But when rolling blackouts suddenly appeared in the dead of winter,
many of us wondered who was responsible for and who has profited from what
now seems like an artificially created power shortage in the state.
Our skepticism proved to be right. Windfall profits were reaped by
electricity generators while natural gas importers extracted prices far above
the national average.
Timid federal overseers exact only wrist-slap penalties on the offending
energy firms. The White House scoffs at temporary controls for a
malfunctioning market. California's state government has ended up as the bill
payer for the sickly utilities, forking over $8 billion to generators. This
number may hit $40 billion by year-end.
It's an infuriating tangle. All the more remarkable, then, that skeptical
Californians have managed, within two months, to reduce their use of
electricity by 11 percent. The public's response to the governor's appeal for
energy conservation has exceeded expectations. Although many businesses have
suffered enormous losses, ordinary people have made relatively painless
sacrifices. People turned off their lights, purchased energy-efficient
lightbulbs, used air conditioning less and shut off their computers when not
in use.
Despite this remarkable civic compliance, we still face an unconscionable
lack of leadership. President Bush seems perfectly willing to allow Texas
power companies to pummel the once-powerful California economy. He repeats a
mantra about creating more supply -- which California is doing with 15 power
plants under construction -- while ignoring the outsized sums paid to a
handful of energy generators.
At the same time, Gov. Gray Davis, who has given new meaning to the word
dithering, has failed to make the tough and transparent decisions. He delayed
an inevitable rise in power rates. Davis also dragged his feet in openly
announcing new power contracts that commit California to billions in spending
over the next decade.
To Davis' credit, he has urged California to conserve by laying out an $800
million plan to cut power use and invest in energy-saving programs. The
message is getting out as higher rates take effect this month.
Despite a woefully unbalanced market and shortsighted leadership, the people
of California have demonstrated that if there is a will, there is a way.
Now it is time for our leaders to follow the wisdom of their constituents.
,2001 San Francisco Chronicle ? Page?A - 20
L.A. power customers awash in cheap energy
John Wildermuth, Chronicle Staff Writer
Wednesday, June 6, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/06/06/M
N133438.DTL
Los Angeles -- These are flush times for the city's Department of Water and
Power and the energy executives are loving every minute of it.
As are their customers.
Private power companies throughout California have been raising rates and
warning customers about a long, hot summer filled with blackouts, but the
city- owned DWP has been keeping prices stable and the lights on for 1.2
million Los Angeles customers.
"Our customers are being really nice to us," said Angelina Galiteva, the
utility's strategic planning director. "They love the DWP."
Although Gov. Gray Davis' administration announced that the state had reduced
its energy consumption 11 percent from a year ago, those in Los Angeles had
cut back less than half that -- and polls show they view the energy situation
less seriously than other Californians.
Public utilities such as Los Angeles water and power have seen their revenues
increase during the energy crunch because they can sell their excess power at
higher prices than ever before in a market tilted toward sellers.
The rest of the state doesn't always feel that same warm glow. Davis has
accused the DWP and other California public utilities of putting exorbitant
price tags on the excess electricity they sell to the rest of the energy-
starved state.
It's a charge Los Angeles utility executives deny, arguing that their excess
power is sold at cost plus 15 percent, which they say is a fair return for
their customers.
"Without our support, a million more homes (elsewhere in California) would
have suffered rolling blackouts, which is a powerful message," Galiteva said.
It wasn't supposed to be this way. When the power industry was deregulated in
the late '90s, energy giants like Pacific Gas and Electric Co. and Southern
California Edison were expected to be the big winners. Now, PG&E is in
bankruptcy and Edison is a short step away.
"When deregulation came, the experts said that the investor-owned utilities
would become lean, mean machines that would be better able to operate in the
new environment," Galiteva said. "But now public power has shown it can serve
customers more efficiently at lower rates."
While much of the state worries about electrical supply, Los Angeles
residents have been saved many of those concerns.
In a survey done last month by the Public Policy Institute of California, 48
percent of the people in the Bay Area thought that electricity cost and
availability were the most important issues facing the state. In Los Angeles,
however, only 33 percent put the energy crunch on top. When questioned about
the size of the power problem and the effect it would have on the state's
economy, Los Angeles residents were consistently less concerned than people
elsewhere in California.
People in Los Angeles have been "somewhat isolated" from the energy crisis,
concluded Mark Baldassare, who conducted the survey.
That doesn't mean the state's energy problems haven't had an effect. The DWP
has seen a 3 percent to 5 percent reduction in some uses, which officials
have dubbed "sympathy conservation." The utility also is offering its biggest
customers financial incentives to cut back on their power use.
"Our average annual load growth is about 80 megawatts," Galiteva said. "By
this summer, we expect to have saved 40 megawatts through conservation. By
December, we expect 60 megawatts in savings."
The utility also is making a major attempt to create a conservation ethic
among its customers. DWP's comfortable situation has made it possible to
offer them the carrot without the need to show them the stick.
"Conservation no longer means doing without," Galiteva said. "Beer can be
just as cold with a superefficient refrigerator. Rooms can be just as bright
with superefficient light bulbs."
A "Green Power" program also is promoting the use of renewable energy
resources such as solar, wind and hydroelectric power. About 75,000 customers
are paying an extra $3 per month to increase DWP's use of renewable power
sources.
"We're trying to give our customers a choice and a voice in determining the
mix of power they use," Galiteva said. "They know they can do (conservation)
now or see it being mandated later."
Los Angeles power officials -- and their customers -- know the DWP isn't
always going to continue as an island of tranquility in a sea of energy
turmoil. The utility's aging gas-fired plants have been affected by the
rising price of natural gas. Demand for energy continues to rise. In a debate
last month, both candidates for mayor of Los Angeles agreed that increases in
local power bills are inevitable.
But the DWP has been supplying power to Los Angeles since 1916, and its
executives believe that the state's deregulation disaster has shown the
advantages of the city-owned utility.
"It's nice to be the lean, mean, green efficient machine that no one ever
expected us to become," Galiteva said.
E-mail John Wildermuth at [email protected].
,2001 San Francisco Chronicle ? Page?A - 13
PG&E doesn't want to pay for energy to avert blackouts
DAVID KRAVETS, Associated Press Writer
Wednesday, June 6, 2001
,2001 Associated Press
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2001/06/06/state0
306EDT0102.DTL
(06-06) 00:06 PDT SAN FRANCISCO (AP) --
Pacific Gas & Electric Co. has told a bankruptcy judge it should not have to
pay for what could amount to billions of dollars in spot-market energy costs
to avert blackouts.
The company's position was one of two developments that emerged Tuesday as
the bankrupt utility tries to cope with fallout from California's power
crisis. The other development saw a group of creditors that PG&E owes
billions endorse $17.5 million in bonuses for top managers at the utility.
San Francisco-based PG&E filed for bankruptcy protection in April after
racking up an $8.9 billion debt which under state law it could not recoup
from customers.
Tuesday's court dispute centered on who pays for energy bought at the last
minute to avoid blackouts.
PG&E said an April federal regulatory decision requires that electricity can
only be sold to those with the ability to pay electricity generators. The
state is the only player with such ability, said PG&E attorney Jerome Faulk,
who argued that the utility shouldn't have to pay the $330 million in monthly
spot-market energy bills.
Judge Dennis Montali said he may craft such an order. But he said the order
would not preclude the state from suing PG&E to recover the cost.
In a separate but related development, a committee charged with devising a
payment plan for those creditors owed billions by PG&E said it will sign off
on the utility's plan to pay $17.5 million in bonuses to PG&E's management
team.
Attorney Allan Marks, who represents the committee, said such payments are
normal during large bankruptcy cases. Under the agreement, which Montali will
consider at a June 18 hearing, the company must quickly produce a debt
payment plan that passes judicial muster.
The utility said it needs the bonuses for a "management retention program."
Marks agreed. While the $17.5 million leaves less for creditors, without a
financial incentive PG&E's key top brass may not be willing to cooperate with
a payment plan, Marks said.
"The main goal for the creditors' support here is to move the bankruptcy as
quickly and smoothly as possible," Marks said.
The Utility Reform Network, a consumer watchdog group, says PG&E is simply
rewarding managers of a failed business effort.
"They're just showering money on the same people who got them in this mess,"
said TURN's Mike Florio.
The proposed bonuses would come on top of $50 million in bonuses and raises
PG&E awarded just before the April 6 bankruptcy filing.
The case is In Re Pacific Gas & Electric Co., 01-30923 DM.
,2001 Associated Press ?
Metcalf plant gets preliminary approval
Posted at 12:21 a.m. PDT Wednesday, June 6, 2001
BY MIKE ZAPLER
Mercury News
As the San Jose City Council approached its 10-1 vote Tuesday to give an
initial nod to Calpine's big power plant in South San Jose, Councilwoman
Linda LeZotte perhaps captured the body's mood best.
``I'm holding my nose to vote for this thing,'' she said. ``Without faulting
the mayor or his staff, quite frankly I think this deal stinks.''
Caught in what some members called a bind beyond their control, the council
gave preliminary approval to an agreement negotiated by Mayor Ron Gonzales
and Calpine on the company's proposed 600-megawatt Metcalf Energy Center.
Councilman Forrest Williams, who represents the Santa Teresa neighborhood
near the site, cast the lone vote against the deal.
The agreement is scheduled to come back before the council for a final vote
on June 26, but Tuesday's vote effectively shifts the battle to the courts,
where residents are expected to lodge a lawsuit in one final attempt to block
the plant.
Still, Councilwoman Pat Dando and some of her colleagues raised questions
about the deal they said they want answered before the final vote. Their
issues could be incorporated into the final deal.
Many of the concerns focused on a $50 million recycled water pipeline
Gonzales agreed to have the city build to accommodate the project, $10
million of which would be reimbursed by Calpine over 30 years.
Pipeline possibility
Dando said that a private company, Great Oaks Water, may be willing to build
the pipeline extension itself, saving the city the $50 million expense.
Officials at Great Oaks were unavailable Tuesday.
Council members peppered staff with other questions. Many were alarmed by
claims of the Silicon Valley Toxics Coalition, which said that using treated
sewage water to cool the power plant could allow dangerous chemicals to seep
into drinking water aquifers. An environmental services director said the
recycled water meets federal specifications, but that there is no protocol
for testing other chemicals not included in those standards.
Councilman Ken Yeager asked why Calpine should be allowed to spread a $3.9
million water connection fee over 10 years -- an arrangement that would
mandate an amendment to city law.
LeZotte, meanwhile, said she wants to hold Calpine accountable to install
ammonia-free technology at the plant. Ammonia is highly hazardous, and
residents say the use of the chemical to clean the plant is among their chief
concerns.
The agreement requires the company to install technology to reduce or
eliminate the use ammonia when it becomes ``technologically and economically
feasible.'' LeZotte said she wants a clear definition of ``feasible''
included in the deal.
Tuesday's vote marked a stark departure from the council's November vote to
deny Metcalf. At the time, council members said a power plant was
inappropriate for the area, and many members said Tuesday that they still
believe that.
Bowing to pressure
But with Gov. Gray Davis endorsing Metcalf in April and the California Energy
Commission widely expected to override the city's denial this month, council
members said they had no choice but to cut the best deal it could and allow
the project to proceed.
That explanation, however, didn't sit well with residents of the Santa Teresa
neighborhood adjacent to the Metcalf site, one of whom accused Gonzales and
the council of ``switching sides when the opposing team gets too close to the
goal line.''
Contact Mike Zapler at [email protected] or at (408) 275-0140.
Feds probe AES, Williams
Antitrust investigation looks into allegations of manipulated energy prices
through reduced power-plant construction.
June 6, 2001
By JAMES ROWLEY
Bloomberg News
WASHINGTON - The U.S. Justice Department opened an antitrust investigation
into California's electricity shortage by probing allegations that AES Corp.
and Williams Energy Services Co. are limiting power-plant expansion to drive
up prices.
AES Corp., the biggest U.S. power-plant developer, disclosed the
investigation in a filing with the U.S. Securities and Exchange Commission.
The Justice Department is looking into a supply-and-marketing agreement
between AES' California power-plant unit and a Williams unit that supplies
natural gas.
Williams, owner of the second-largest U.S. natural-gas pipeline system, also
markets the power produced by AES' three electricity plants in the state.
The department alleges the agreement limits expansion of generating capacity
near some AES plants.
AES said it was cooperating with the Justice Department investigation, which
began last month, into possible violations of Section 1 of the Sherman
Antitrust Act.
That provision outlaws any restraint of trade that stifles competition.
A shortage of generating capacity in California has led to soaring wholesale
prices and rolling blackouts and prompted Pacific Gas & Electric, the state's
largest utility, to seek bankruptcy protection in April.
Aaron Thomas, a spokesman for AES, based in Arlington, Va., said the U.S.
investigation started "no more than a couple of weeks ago."
Williams spokeswoman Paula Hall-Collins said the Tulsa, Okla.-based company
is cooperating.
Gina Talamona, Justice Department spokeswoman, said the agency had no
immediate comment.
The investigation was opened several weeks after the Federal Energy
Regulatory Commission investigated AES plants in Long Beach and Huntington
Beach, designated "must run" under the Federal Power Act, did not produce
electricity for 10 days in April and May 2000. Williams agreed to pay the
operator of California's electric grid $8 million to settle allegations that
it overcharged for power.
FERC charged in March that the companies had a financial incentive to keep
the units out of service to force the California Independent System Operator
to buy power from AES' plant in Redondo Beach at prices close to the
FERC-imposed cap of $750 per megawatt-hour.
AES said it was complying with a Justice Department demand for documents
about the agreement between its AES Southland LLC unit and Williams Energy
Services Co. AES Southland, which operates the three power plants, was also
asked to respond to interrogatories, the company said.
The Williams unit supplies the natural gas to fuel the AES plants and markets
the power they produce.
AES and Williams jointly produce and sell about 4,000 megawatts in California
-- 6 to 8 percent of the state's power -- enough electricity to light about 3
million typical California homes.
AES shares dropped $2.05, to $42.54. Williams Cos. shares dropped $1, to
$38.20.
Calpine Begins Construction of Peaking Energy Center in Gilroy, Calif.
June 6, 2001
SAN JOSE, Calif., June 5 /PRNewswire/ via NewsEdge Corporation -
Calpine Corporation (NYSE: CPN), the San Jose, Calif.-based independent power
company, today announced that initial construction of 135 megawatts (mw) of
peaking generation capacity will begin during this week adjacent to its
existing Gilroy Power Plant in Gilroy, Calif. Through an Application for
Certification (AFC) filed with the California Energy Commission (CEC) on
April 25, 2001, Calpine proposed to add three 45-mw simple-cycle gas turbine
peaking units in the first of a two-phase process. The California Energy
Commission approved the project on May 21, 2001.
"Because the required natural gas, water and transmission infrastructure
exists at our Gilroy plant, it is an ideal site for the addition of peaking
generation, allowing for rapid installation of needed capacity. The first
three units are expected to begin generating electricity this September,"
commented Bryan Bertacchi, Calpine Vice President - Western Region.
Upon completion the two-phase build out, the Gilroy Energy Center will be a
270-mw, natural gas-fired, simple-cycle peaking generation facility located
on approximately 9.5 acres at 1400 Pacheco Pass Highway in Gilroy. Commercial
operation of Phase One is scheduled for September 2001. An additional three
45-mw gas turbine generators will be installed in Phase Two with full
build-out estimated for May 2002. Phase Two requires the filing of an
additional application with the CEC and is subject to a four-month review
process.
Initial construction will begin this week with site and civil engineering
activities occurring for approximately six weeks at which time the site will
be cleared and leveled. Foundation work and the installation of generation
equipment will follow shortly thereafter, and commissioning and testing will
take place for a two to three week period prior to commercial operation in
September 2001.
The Gilroy Energy Center web site has been created to host all information
and updates related to this project. For additional information, please visit
www.gilroypower.com.
Calpine Corporation, based in San Jose, Calif., is dedicated to providing
customers with reliable and competitively priced electricity. Calpine is
focused on clean, efficient, natural gas-fired generation and is the world's
largest producer of renewable geothermal energy. Calpine has launched the
largest power development program in North America. To date, the company has
approximately 32,200 megawatts of base load capacity and 7,200 megawatts of
peaking capacity in operation, under construction, pending acquisitions and
in announced development in 29 states and Canada. The company was founded in
1984 and is publicly traded on the New York Stock Exchange under the symbol
CPN. For more information about Calpine, visit its Website at
www.calpine.com.
This news release discusses certain matters that may be considered
"forward-looking" statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, including statements regarding the intent,
belief or current expectations of Calpine Corporation ("the Company") and its
management. Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve a number of
risks and uncertainties that could materially affect actual results such as,
but not limited to, (i) changes in government regulations, including pending
changes in California, and anticipated deregulation of the electric energy
industry, (ii) commercial operations of new plants that may be delayed or
prevented because of various development and construction risks, such as a
failure to obtain financing and the necessary permits to operate or the
failure of third-party contractors to perform their contractual obligations,
(iii) cost estimates are preliminary and actual cost may be higher than
estimated, (iv) the assurance that the Company will develop additional
plants, (v) a competitor's development of a lower-cost generating gas-fired
power plant, and (vi) the risks associated with marketing and selling power
from power plants in the newly competitive energy market. Prospective
investors are also cautioned that the California energy environment remains
uncertain. The Company's management is working closely with a number of
parties to resolve the current uncertainty, while protecting the Company's
interests. Management believes that a final resolution will not have a
material adverse impact on the Company. Prospective investors are also
referred to the other risks identified from time to time in the Company's
reports and registration statements filed with the Securities and Exchange
Commission.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X10523723
SOURCE Calpine Corporation
CONTACT: media, Lisa Poelle, ext. 1285, or investors, Rick Barraza, ext.
1125, both of Calpine Corporation, 408-995-5115
Web site: http://www.gilroypower.com
Web site: http://www.calpine.com (CPN)
Reliant Urges FERC to Drop or Amend California Price Caps to Avoid Additional
Shortages and More Blackouts
June 6, 2001
HOUSTON, June 5 /PRNewswire/ via NewsEdge Corporation -
Reliant Energy (NYSE: REI) filed an emergency motion with the Federal Energy
Regulatory Commission (FERC) on Monday urging the agency to drop the
California price caps first applied May 29, or at a minimum, amend them to
reflect the true costs they are attempting to control. The current price
caps, which send inaccurate market signals, are actually decreasing supply
and increasing demand thus worsening an already dire situation.
"FERC has been publicly dedicated to an open market from the beginning of the
California power crisis. We encourage FERC to reexamine these price caps and
continue that dedication," said Joe Bob Perkins, president and chief
operating officer, Reliant Energy Wholesale Group. "Reliant is committed to
helping keep the lights on in California this summer and wants to ensure that
if caps must remain part of the picture, they actually help increase supply
and fix the problem."
Although the price caps were first imposed less than a week ago, they have
already begun to damage the market by decreasing supply. The price caps are
creating a myriad of problems:
-- Creates Misleading Signals - The price cap methodology is misleading
the public on the actual cost of power. Reported "dispatch" costs in
Southern California during emergencies is far below what the actual
financial settlements will be under the FERC's final market mitigation
order. This confusion results from the "proxy" price used for
dispatch utilizing an extremely distorted blended fuel cost index.
This index averages gas costs in northern and southern parts of the
state, an impossibility in the actual market. This authorizes the
California Independent System Operator (ISO) to require that
generators dispatch power at reported market clearing prices well
below actual cost when back-up generation capacity begins to dip below
7.5 percent.
-- Depletes Power from Peaking Plants - The price caps distort dispatch
signals on peaking plants, which in some cases may be run only a few
days of the year because of emission regulations. The current FERC
price controls encourage the ISO to purchase power from emergency
peaking plants before it is really needed, even in the absence of a
stage three emergency. This depletes supplies that will, by law, run
out when blackout season intensifies later this summer. This power
from peaking units should only be purchased when blackouts are
imminent -- not in stage one or two emergencies.
-- Eliminates Price Signals for Retail Customers - Price caps remove
price signals for retail customers. Customers, particularly
industrial companies, which should be encouraged to curtail during
shortages, are not encouraged to conserve power when dispatched price
caps keep prices below the actual cost to produce electricity.
-- Discourages Supply from Out-of-State - Suppliers outside of
California, who are under no legal obligation to dispatch power during
an emergency in the state, are not encouraged to increase available
production when reported market clearing prices are below their cost
to produce. During times of emergencies, utilities across the Western
region are not likely to take on additional risks and costs if they
don't believe they will be fully compensated - a situation the current
price caps create.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X43182157
SOURCE Reliant Energy
CONTACT: Maxine Enciso of Ketchum Public Relations, Los Angeles,
310-444-1303, for Reliant Energy; or media, Richard Wheatley of Reliant
Energy, 713-207-5881
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000309/DATH030 AP
Archive: http://photoarchive.ap.org PRN Photo Desk, 888-776-6555 or
212-782-2840
Company News On-Call: http://www.prnewswire.com/comp/419090.html or fax,
800-758-5804, ext. 419090
Web site: http://www.reliantenergy.com (REI)
By Kathleen McFall
[email protected]
President George W. Bush's energy package encourages the use of biomass fuels
for both transportation purposes and electricity generation. "They can
provide a reliable source of energy at a stable price, and they can also
generate income for farmers, landowners and others who harness them," his
administration's report said.
Despite this warm and fuzzy language, however, the administration offered no
tangible funding for the fledgling biofuels industry*other than an extension
of an existing ethanol tax credit that was not due to expire until 2007*a
significant disappointment, and surprise, to advocates of renewable
transportation fuels.
The report did recommend expanding tax credits for biomass energy projects to
include forest-related and agriculture fuel sources and threw its weighty
support at a new credit for electricity produced from biomass co-fired with
coal. These recommendations are already included in the president's 2002
budget.
"We are pleased that the administration included expansion of the biomass tax
credit and hope that, with congressional leadership, we will see this
expanded provision signed into law this year," said Katherine Hamilton,
co-director of the American Bioenergy Association (ABA).
Unlike other portions of the recommended energy policy, biomass energy
probably will not suffer under the recent change in Senate composition, given
Senate Majority Leader Tom Daschle's (D-S.D.) agricultural constituency and
his previous support of the biofuels industry.
According to the National Energy Policy Development report, biomass accounts
for about 76% of non-hydropower renewable electricity generation,
representing a total of about 1.6% of total U.S. electricity supply.
Biopower advocates, however, envision an even greater market penetration in
the coming decades and point to its environmental and ancillary advantages.
For example, given that biomass combustion can be carbon dioxide-neutral (if
the growth and use cycle is managed sustainably), environmental groups
support an expanded role. Farmers with marginal lands that could grow biomass
fuel could enjoy economic benefits. With large amounts of wood residue, the
forest industry also stands to benefit from wider use of wood as a power
source.
Renewable energy offers a particular advantage to the lumber and paper
industry, and many analysts project that the industry may soon become a net
seller of electricity.
"In the lumber and paper industries, wood scraps are sometimes directly fed
into boilers to produce steam for their manufacturing processes or to heat
their buildings. For that reason, renewable energy offers a particular
advantage to the lumber and paper industry, and many analysts project that
the industry may soon become a net seller of electricity," said the energy
policy report.
Co-firing with coal
Biomass*usually wood or wood residue*has traditionally been burned directly
in the industrial sector for heat or on-site electricity generation.
According to the U.S. Department of Energy (DOE), the existing 10 GW of
installed capacity are based on this direct-combustion technology.
For utilities and power-generating companies with coal-fired capacity,
however, biomass co-firing may represent one of the least-cost renewable
energy options, said the DOE. The process involves blending different
materials in varying amounts with coal.
Not only does mixing biomass with coal reduce emissions, it is likely to be
cost-effective. Southern Co. estimates that a biomass plant alone could
generate power, depending on its location, at 4 to 11 cents/kWh. Given that
the lower range of this corresponds to coal generation costs, there are
clearly circumstances where biomass-coal co-firing would be economically
attractive today. Plus, the environmental public relations benefit for
utilities with coal-fired capacity would be valuable.
Domestic biomass generation capacity could reach 20-30 GW by the year 2020 by
co-firing at existing U.S. coal-fired power plants.
According to a recent report prepared by five National Laboratories, domestic
biomass generation capacity could reach 20-30 GW by the year 2020 by
co-firing at existing U.S. coal-fired power plants.
A recent report by the United Nations Intergovernmental Panel for Climate
Change (IPCC) also cites the potential of coal co-firing with biomass. The
IPCC report concludes that co-firing in coal boilers results in the lowest
cost and least technical risk of the examined approaches for biomass
conversion to electricity.
Working out the technical kinks
Already, said the DOE, six power plants in the U.S. are currently co-firing
coal and wood residue products on a regular basis. Another 10 plants have
successfully tested co-firing over the last decade, and at least six more
plants are now conducting or planning tests.
For example, Southern Co. is working with DOE, the Southern Research
Institute and the Electric Power Research Institute to study ways to grow and
harvest switchgrass to blend with coal as a fuel for power generation.
Ideally suited for the southeastern U.S., switchgrass is a rugged grass that
can be grown on marginal agricultural land. Reaching heights of up to 12
feet, it requires little fertilization and herbicide and can be harvested
twice a year.
Harvesting methods, co-milling of switchgrass and pulverized coal,
pilot-scale co-firing tests, and a full-scale demonstration of co-firing at
Alabama Power Co.'s Plant Gadsden are part of Southern Co.'s collaborative
project.
The U.S. Agriculture Department is also taking a role in exploring the
potential of biomass and coal co-firing as a means to give farmers new
markets, especially for currently idle land. The agency recently authorized
funding for three co-firing demonstration projects.
In Iowa, the Chariton Valley Biomass Project is a cooperative effort to
develop warm and cool season grasses (such as switchgrass) to co-fire with
coal at Alliant Energy's Ottumwa Generating Station. The project is designed
to generate a sustained supply of 35 MW of biomass energy. Eventually, the
grass could substitute for as much as 5% of the coal currently burned at the
plant.
In addition to reducing coal emissions, the Chariton Valley Biomass Project
will support the local farm economy.
In addition to reducing coal emissions, the project will support the local
farm economy because the grass and trees will come from acreage taken out of
production under the Agriculture Department's Conservation Reserve Program
(CRP). CRP land is generally marginal land that the government subsidizes
farmers to leave idle to both prevent erosion and protect commodity prices
from product surpluses.
The Pennsylvania Switchgrass Energy and Conservation Project will produce
switchgrass on CRP land for sale to a local cooperative's coal-fired
fluid-bed combustors.
In New York, the Agriculture Department project will fund willow biomass
crops and switchgrass on CRP acreage in the central and western part of the
state. The primary markets for the willow biomass are two coal-burning power
plants and a small university central heating facility.
Land conflicts, transportation may be obstacles
As these pilot projects illustrate, biomass conversion efforts may have the
most significant potential in rural areas. "Since biomass is widely
distributed it has good potential to provide rural areas with a renewable
source of energy. The challenge is to provide ( conversion and delivery of
bioenergy to the marketplace in the form of modern and competitive energy
sources," said the IPCC report.
A potential drawback to co-firing is transportation. Transportation of
wood-based energy products is more costly, per unit of energy, than coal, for
example, and most analysts believe it will prove most economical to site
generation plants near biomass sources.
"The generating plant or biorefinery must be located near to the resource to
minimize transport costs of the low-energy-density biomass as well as to
minimize impacts on air and water use," the IPCC report said. However, notes
the report's authors, economies of scale may be significant enough to offset
the transport costs involved.
A potential drawback over the long term, however, for biomass conversion is
land use conflicts. The IPCC report notes that by 2100, the global land
requirement to feed the growing world population will increase substantially.
"Up until this time there may well be sufficient land to supply all demands
for food, fibre and energy, but at some stage after that, land-use conflicts
could arise and before that, competition for water and irrigation may be a
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