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<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: TACT Conference Speaker Request
Body:: This looks like a run-of-the-mill conference except that the guest list is fairly senior. Any interest? If not let Amy know. -----------------
What should this email be categorized as?
[/INST] Personal but in professional context <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: PRIVILEGED & CONFIDENTIAL Attorney/Client Communication: Your TW
Capacity Options questions
Body:: Elizabeth Jeff forwarded me your questions about capacity options. I've answered them to the extent they involve legal/regulatory issues. If you need anything further please don't hesitate to call. ? Can a new shipper who enters into an FTS-1 contract with zero MDQ in order to purchase a shipper call option or sell a transporter put option be allowed prior to the exercise date to transfer the underlying option rights by permanently releasing this contract? YES. ? Will we be required to report these contracts with zero MDQ on the Index of Customers and/or the Transactional Report? YES. ? Can the releasing shipper permanently release a portion of his existing MDQ and choose to keep or transfer the option rights? YES. The shipper could even release all of its MDQ (reducing it to zero) and keep its option rights. ? How is it determined whether a contract with an option amendment is within the min/max tariff rate or needs to be filed as a negotiated rate? The option fee is converted to a per-Dth per day rate and added to the transport rate. If the total exceeds the maximum tariff rate it's negotiated. Otherwise our position is that it's not negotiated. We are not 100% positive that FERC will agree with us on this issue.
What should this email be categorized as?
[/INST] Company Business/Strategy <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: Re: California Update 07.18.01
Body:: These are useful updates. Please include Whalley Lavorato Parquet Dietrich Delainey Kitchens Haedicke Sanders Kirby Sharp Leff Calger Belden etc on future updates. Thanks From: Jeff Dasovich on 07/18/2001 08:18 PM Sent by: Jeff Dasovich To: Richard Shapiro/NA/Enron@Enron [email protected] Susan J Mara/NA/Enron@ENRON Harry Kingerski/Enron@EnronXGate James D Steffes/NA/Enron@Enron Linda Robertson/NA/Enron@ENRON Susan M Landwehr/Enron@EnronXGate [email protected] Karen Denne/Enron@EnronXGate Janel Guerrero/Enron@EnronXGate Paul Kaufman/Enron@EnronXGate cc: Subject: California Update 07.18.01 The Senate the Assembly and the Governor are either poised to engage in very difficult negotiations or the three are about to crash and burn and Edison's going to be left dangling. In the Senate: The Senate bill 78XX is with about 90% likelihood going to be voted out of the Senate tonight---without a vote having taking place in any committee. Burton announced during one of the two informational hearings that this is it despite the view of just about everyone who appeared before the committees the bill likely won't prevent Edison from going bankrupt. The key features of the bill are: Banks and QFs get paid in full. Edison shareholders would be responsible for debts owed to suppliers No direct access. There are conflicting reports about whether the Senate will take up the bill tomorrow de-linking the bonds from the DWR contracts and whether the Republicans will go along with it. In the Assembly: The Committee is hearing the Wright and Hertzberg bills as we speak with Hertzberg's the likely winner. That bill now provides for Direct Access under certain conditions (the amendments describing the conditions were faxed today). We're attempting to get the July 12 date changed to the effective date of the bill or later. The Assembly likely won't vote the Hertzberg bill out until tomorrow at the earliest. The Problem: The Assembly and Senate bills are diametrically opposed in the way each approaches the problem---in short the bills are two ships passing in the night. The Democratic leaders (Governor Hertzberg Burton) aren't talking and Burton hasn't expressed any interest in talking---to anybody. The likely outcome given the circumstances: Burton says he's done what he needs to do (i.e. passed out a fair bill) the Assembly and Senate can't agree they finish the budget time runs out they leave Friday and Edison's left twisting. That said there's still a chance that the Governor could call Burton and sit down with Burton and Hertzberg and work something out by Friday or begin talking and postpone the recess until they get it worked out. But given Burton the chance of that happening seems very slim. In short little has changed since yesterday. Best Jeff
What should this email be categorized as?
[/INST] Company Business/Strategy <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: re: On Workplace Sleeves, Few Political Hearts
Body:: The PAC did not give the money. PAC contributions to federal candidates are limited. The money was a combination of individual contributions Ken solicited and soft money donations to the Republican Party. 09/12/2000 10:33 AM Erin Rice Erin Rice Erin Rice 09/12/2000 10:33 AM 09/12/2000 10:33 AM To: Steven J Kean/NA/Enron@Enron Elizabeth Linnell/NA/Enron@Enron cc: Subject: re: On Workplace Sleeves Few Political Hearts I think I understand why people get confused now. See below in blue..... I know you mean the Enron PAC has contributed more than $615k to the Bush campaign (right?) but it reads like Enron Corp gave money directly to Bush. It's a complicated issue -- which I am hoping to simplify with my story! I'm going to use the second quote below in the article.
What should this email be categorized as?
[/INST] Company Business/Strategy <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: AG letter - privileged and confidential: request for legal advice.
Body:: The letter looks good. A couple of comments for your consideration: On page three we describe the change to the definition of Public Utility and then argue that we don't fit into it. Would it be worth explaining why that makes sense? Specifically the New Jersey restructuring law like most efforts of its kind in other markets is designed to separate the competitive from monopoly elements of the power (and gas) businesses. Economic regulation would then be restricted to the remaining monopoly elements of the business (eg distribution). The competitive market can not be solely relied upon to regulate the behavior of monopoly asset owners such as distribution utilities. Therefore regulators continue to be called upon to set pricing and other terms of service. What those regulators decide matters a great deal to those monopoly utilities and it consequently makes sense for lawmakers to be concerned about attempts by such entities to use campaign contributions to tacitly influence decision makers. The same public policies simply do not apply to that portion of the market which is competitive. The generation and sales business has a competitive structure (i.e. relatively low barriers to entry multiple competitors etc.). These components of the power and gas business can be regulated by the market with respect to rates and terms of service. They do not require economic regulation any more than grocery stores department stores appliance sellers or other retailers (who presumably are not prohibited from making contributions. Competition and markets discipline behavior and establish competitive prices and terms of service. Because regulators don't set the prices and terms of service for such sellers there is no reason to be concerned about campaign contribuitions from such organizations. Indeed the legislation and the legislative history clearly conform to this underlying policy rationale. As a former practicing lawyer I certainly understand the value of pleading in the alternative. But I question how certain of our arguments woud be perceived by the public if they ever came to light (which these documents have a habit of doing).. . I can just see the press seizing on Enron's claim of ignorance or mistake or the fact that we pled for the favorable exercise of prosecutorial discretion. I suggest that we add whatever we feel is necessary to the very solid looking intent argument not make specific reference to ignorance or mistake and not plead for the favorable esxercise of PD. If we feel we need to write about this last item perhaps we could suggest that it would be a waste of the public's resources to pursue a claim under such circumstances.
What should this email be categorized as?
[/INST] Company Business/Strategy <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: Re: Corporate Allocations April 2001
Body:: Is this a 2001 question? If so it seems to me we shouldn't bother with it. If this is a 2002 question then lets discuss -----------------
What should this email be categorized as?
[/INST] Company Business/Strategy <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: NEWS FLASH ON THIS MORNINGS SENATE HEARING
Body:: This morning all 5 FERC commissioners testified before the Senate Energy Committee on yesterday's order and on the pending Feinstein/Smith legislation to impose cost-of-service rates on wholesale power. Highlights and analysis are as follows: 1. Sen. Feinstein the chief sponsor of Senate price cap legislation called FERC's order a giant step forward and said she is very grateful for what the commission did. Senators Gordon Smith and Barbara Boxer agreed. Sen. Feinstein said that she and Sen. Smith would now recommend to Chairman Bingaman that next week's mark up of their price control bill be postponed for the time being pending how the order plays out in practice. Chairman Bingaman said he would follow their advice and cancel next week's mark up. (Responding to a question each of the five commissioners said that Congress should NOT act to pass Smith/Feinstein at least at this time -- this included Comr. Massey who has favored legislation in the absence of stronger action by the commission.) 2. However it is very important to point out that House Democrats in California and elsewhere out West have not been as supportive of FERC's order as have the Senators. House Democrats are still expected to attempt to offer a price control amendment to the supplemental appropriations bill when it comes before the House later this week. Of course the reaction of the Senate may undercut the House Democrats's argument at least at this time. Furthermore should prices go up and the FERC order is seen as not working price control advocates including Sens. Feinstein Smith and Boxer will no doubt pick up where they left off. 3. It will be very interesting to see how Senator Lieberman and Gov. Davis react to the FERC order at the Senate Governmental Affairs Committee hearing tomorrow morning. While this committee does NOT have legislative jurisdiction over the Feinstein/Smith legislation this hearing will be well covered by the news media. Sen. Lieberman is a cosponsor of the Feinstein/Smith legislation. 4. In my view the political and public pressure will now shift in large part -- at least for the time being -- from the legislative price cap proposals to the settlement conference process that the FERC order will set motion. There was a clear drum beat at the hearing from the western senators particularly Feinstein Boxer and Cantwell (WA) for refunds either out of the settlement conference or ordered by FERC. In essence they are pressing to have the price mitigation formula in the new order applied to power sales that took place prior to the issuance of the order. 5. Another sense of the poltiical flavor is that Sen. Schumer (D-NY) while expressing his continued support for deregulatioin and competition pressed FERC general counsel Kevin Madden (by this point the commissioners left for the RTO conference) about why the order applied only to the WSCC and did not apply nationwide. Madden at least tried to distinguish the New York and California markets but then said that Con Ed has filed pleadings with FERC to extend price mitigation to New York and he could not say any more about the matter. 6. Ranking Republican Frank Murkowski said he had received a letter today from four western governors -- those from Arizona North Dakota Utah and Wyoming -- saying that since FERC has acted there is no need for Congress to pursue price control legislation. There were a series of questions and comments on details and technical aspects of the orders. I will do an e-mail on these items later today. Please advise if you have any questions or comments.
What should this email be categorized as?
[/INST] Company Business/Strategy <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: Rick Shapiro Presentation (Updated)
Body:: -----------------
What should this email be categorized as?
[/INST] Personal but in professional context <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: enron advisory council
Body:: Forgive me if I have forgotten but had you suggested a topic for our next advisory council meeting?
What should this email be categorized as?
[/INST] Logistic Arrangements <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: Re: ELECTRICITY TRADED VOLUMES since 1994
Body:: I think he was looking to make a sector-wide point. For example how much of the total market moved to wholesale traded volumes? He wants to make the point that even a nontraded commodity - ie electricity in 1994 - can rapidly progress to a traded market - as electricity did between 94 and 00. Margaret Carson 09/21/2000 04:25 PM To: Steven J Kean/NA/Enron@Enron cc: Subject: ELECTRICITY TRADED VOLUMES since 1994 Steve I provided Andy West with this and the 35 percent a year growth was compelling Marg. -----------------
What should this email be categorized as?
[/INST] Company Business/Strategy <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: RE: PG&E PX Credit Calculation -- CONFIDENTIAL ATTY CLIENT WORK
PRODUCT
Body:: I assume that if an hourly PX market clearing price is mitigated per a FERC order it would affect variable HC in the formula laid out in the attachment. It is not clear to me which variable represents hourly ISO imbalance energy costs but I assume its Est RT$. If I am right that variable would be affected by the mitigated market price (MMP) for CAISO imbalance energy. My comments are: The FERC is able to only order refunds to jurisdictional entities and given appeals it may take years before the full extent of thre refunds are known. Therefore there will be a significant difference between the change in the mitigated market price (MMP) as declared by FERC and the PX credit. That is a 10% reduction in the MMP should not be construed as having a 10% effect on the PX credit assuming it can be recalculated at all. Specifically only some of the HC or Est RT$ costs can be adjusted per FERC refund orders. Also the PX credit is a tariffed rate. I do not believe the PU code allows for retroactive adjustments to tariffed rates unless there was an explicit cost tracking account (e.g. a balancing A/C). To my knowledge no such account exists here. Finally I do not see a relationship between MMPs and (1) block forward costs on any date and (2) PG&E and/or DWR's procurement costs for the net short position post January 19. So those PX credit costs should be unaffected by any FERC refund order. Alan Comnes
What should this email be categorized as?
[/INST] Company Business/Strategy <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: draft organization announcement.
Body:: Attached is the draft. It combines all three announcements into one with a common format. It reflects a just the facts approach. Let me know if you have changes (or answers to the questions in the text).
What should this email be categorized as?
[/INST] Document editing/checking/collaboration <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: Re: New Cost Memo
Body:: See my revisions (and one question). Let's revise and circulate. Karen Denne 06/06/2001 05:57 PM To: Steven J Kean/NA/Enron@Enron cc: Subject: New Cost Memo
What should this email be categorized as?
[/INST] Document editing/checking/collaboration <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: RE: ENE Officer Elections
Body:: No. We have reallocated some of the responsibilities but Cindy has a significant part of the HR organization and continues to manage Community Relations so her title is accurate. Thanks From: Kelly Johnson/ENRON@enronXgate on 07/19/2001 01:06 PM To: Steven J Kean/NA/Enron@Enron cc: Subject: RE: ENE Officer Elections Thanks Steve. Do we need to change Cindy Olson's title? Let me know.
What should this email be categorized as?
[/INST] Employment arrangements <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: Conference call with Rick, Mark, Dan Clearfield, Steven Shackman.
800-283-1805, in EB0653
Body:: Lisa Freeman MW Daily --703-816-8625 fax 703-528-7821 Joe Daughen (Phil Daily News) -- 215-854-5939 fax (215) 854 5910 Rich Heidorn (Phil Inquirer 215 - 854-4502 Fax: 5553
What should this email be categorized as?
[/INST] Logistic Arrangements <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: Suzanne Brown in your office.
Body:: Hartsoe-Commissions order on 75 O888 compl programs Maya WeberGordon Weil Dave Marquart Richard Tabors
What should this email be categorized as?
[/INST] Logistic Arrangements <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: RE: IHI Arbitration: PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT
COMMUNICATION
Body:: Don't forget to call. My curiosity level is high. 713-853-5587 Gail Brownfeld/ENRON@enronXgate 03/07/2001 03:50 PM To: Richard B Sanders/HOU/ECT@ECT cc: Subject: RE: IHI Arbitration: PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION I'll call you in a little bit. We'll be finishing up in about 45 minutes. Let's just say Greg is earning his fee.
What should this email be categorized as?
[/INST] Logistic Arrangements <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: Re: FW: Confidential A&A PRC Results
Body:: I had not seen it yet. Do you have my other employees rankings? Since they reccomend that the PRC Representative be involved in providing feedback would you like to do that next week when you are here? Mark Barry Tycholiz/ENRON@enronXgate 08/02/2001 10:18 AM To: Mark Whitt/NA/Enron@Enron cc: Subject: FW: Confidential A&A PRC Results I assume you received this information already and I know that we have not discussed Tyrell being ranked here. The #1 spot was tightly held by only a few people ( in the americas and as such everyone was moved down... Although the forced ranking creates problems at time I am satisfied that Ty's ranking is appropriate... let's discuss BT
What should this email be categorized as?
[/INST] Logistic Arrangements <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: Re: HP -- confidential internal document
Body:: Jennifer Thank-you for stepping in on this and guiding the process! -----------------
What should this email be categorized as?
[/INST] Purely Personal <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: Possible Enron Visit to Tulane Univ. Late March or April
Body:: nan
What should this email be categorized as?
[/INST] Company Business/Strategy <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: Re: Video Screens in EB Elevator Cabs
Body:: Please add Terrie to the meeting with Beth Bill Palmer et al -----------------
What should this email be categorized as?
[/INST] Logistic Arrangements <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: draft organization announcement.
Body:: Attached is the draft. It combines all three announcements into one with a common format. It reflects a just the facts approach. Let me know if you have changes (or answers to the questions in the text).
What should this email be categorized as?
[/INST] Document editing/checking/collaboration <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: RE: Trip to California
Body:: Frank Sorry for a delay in responding to your message. As you can imagine after Jeff Skilling's resignation Greg Whalley will be tied up in a few additional stock analysts' presentations. We are still planning trips to California and New Mexico that we would like to combine and would like very much to meet and exchange opinions with you. Please advise me about your availability during the next 2 - 3 weeks. Hopefully we can reconcile our schedules and meet soon. Vince
What should this email be categorized as?
[/INST] Logistic Arrangements <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
1. 'Company Business/Strategy'
2. 'Purely Personal'
3. 'Personal but in a professional context'
4. 'Logistic Arrangements'
5. 'Employment arrangements'
6. 'Document editing/checking/collaboration'
7. 'Empty message (due to missing attachment)'
8. 'Empty message'
Please provide only one category (e.g., 'Purely Personal'). <</SYS>>
Subject:: Re: Political Contributions
Body:: Please add Linda Robertson (Head of our DC office) to this list if that's ok. Sally Keepers 05/04/2001 03:04 PM To: Steven J Kean/NA/Enron@Enron Elizabeth Labanowski/EPSC/HOU/ECT Carolyn Cooney/Corp/Enron@ENRON cc: Subject: Political Contributions Attached is final list for 2000
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[/INST] Document editing/checking/collaboration <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
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Subject:: <<Concur Expense Document>> - May 2001
Body:: -----------------
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[/INST] Logistic Arrangements <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
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Subject:: RE: Test Message
Body:: Shirley Approved. Vince
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[/INST] Company Business/Strategy <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
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Subject:: Alberta PPA
Body:: ditto -- nice work Rob. Your insights on project stanley are also much appreciated. -----------------
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<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
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Subject:: Re: Enron Advertising
Body:: Let's ask Jeff Hines(?) our opinion research guy to put a few short questions together and send it out. We may also want to include a link so people can view the commercials again before answering. Also I was talking with Beth Tilney today about our website (and the fact that every business unit now feels free to go do their own thing). We thought it would be a good idea to add this topic to the brand conference (perhaps as part of an existing segment). -----------------
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Subject:: Revised INGAA Itinerary
Body:: FYI - itinerary. -----------------
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Subject:: Comments of Wolak
Body:: Wolak makes some good points. In ERCOT Enron is in support of nodal pricing. I would not go so far as to say we are pushing for PJM's implementation however but for a market with nodal prices (and unilateral bids - aka unbalanced schedules congestion reflect by price differentials etc). I was unaware PJM had such great power to alter bids. This is something we don't want and something for which I am not aware we have advocated. Perhaps in Enron's promotion of locational prices it has been retold as PJM-style locational prices. Given that PJM is the most commonly cited example of locational prices it does not surprise me to have the sloppiness in discussions that could lead to the rumors. Martin
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<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
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Subject:: Re: Fellow referred to me by Ken Lay
Body:: yes Jeff Dasovich Sent by: Jeff Dasovich 03/13/2001 12:10 PM To: [email protected] cc: Subject: Re: Fellow referred to me by Ken Lay Steve: Based on the note from Rosalee and if you agree I'm going to assign low priority to the issue. Jeff Rosalee Fleming 03/13/2001 08:46 AM To: Steven J Kean/NA/Enron@Enron Jeff Dasovich/NA/Enron@Enron cc: Vanessa Groscrand/Corp/Enron@ENRON Subject: Re: Fellow referred to me by Ken Lay Hi Steve and Jeff - This was a cold call to Ken that Vanessa took while we were in Exec. Comm. meeting. She had asked Ginger who to refer him to as it was CA. and she mentioned Jeff. Please only call if there is any interest. Rosie From: Steven J Kean on 03/12/2001 04:46 PM To: Jeff Dasovich/NA/Enron@Enron cc: Vanessa Groscrand/Corp/Enron@ENRON Rosalee Fleming/Corp/Enron@ENRON Subject: Re: Fellow referred to me by Ken Lay It was not mentioned to me. I'm copying rosie and vanessa to find out if this was a simple referral (in which case you should keep the work to a minimum -- return the call but don't get distracted from your other efforts) or whether Ken is especially interested in this and wants us to follow through. Jeff Dasovich Sent by: Jeff Dasovich 03/12/2001 03:54 PM To: [email protected] cc: Subject: Fellow referred to me by Ken Lay Just got a call from a fellow named Jame Edgerly at the Enterprise Zone Inc. He told me that Ken Lay (through Ken's secretary Vanessa) referred me to him. He is very interested in getting us to help him work with the Legislature to establish an Enterprise Zone energy tariff to encourage investment in California's Enterprice Zones. Before I launch on the effort just wanted to check in and see if this rings a bell with you. Thanks. Best Jeff
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<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
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Subject:: Re: Downtown Arena- HHCC asked to give public comments to
Construction Committee this week
Body:: I would like your insights. Meredith I'd like yours as well (particularly in light of the messageyou received from Lawson and Jefferson). Laura Schwartz@ENRON 08/02/2000 08:22 AM To: Steven J Kean/HOU/EES@EES cc: Subject: Re: Downtown Arena- HHCC asked to give public comments to Construction Committee this week Steve Please let me know if there is anything you would like me to do regarding this matter. Thanks Laura -----------------
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<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
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Subject:: Department meeting conference call. 800-283-1805, in Ricks name.
Body:: Paul Jacarty Andy Keleman Jack Heath Jeff Brockmeyer 1-800-348-4825 2760 -- Andy Fastow Janine Migden
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[/INST] Logistic Arrangements <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
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Subject:: Re: Houston 1996 - 2001
Body:: I am so sorry. You guys gave him a really good life. Robert Kean <[email protected]> on 07/07/2001 01:48:08 PM Please respond to <[email protected]> To: Pat Hilleman \(E-mail\) <[email protected]> Greg Smith \(E-mail\) <[email protected]> Greg Smith \(E-mail 2\) <[email protected]> Colin Lamb \(E-mail\) <[email protected]> Maggie Kean \(E-mail\) <[email protected]> Nora Kean \(E-mail\) <[email protected]> Nora Kean \(E-mail 2\) <[email protected]> Sann & Evelyn Gossum \(E-mail\) <[email protected]> Doug & Karen Reiman \(E-mail\) <[email protected]> Jean Kean \(E-mail\) <[email protected]> Kathy Wedig \(E-mail\) <[email protected]> Melissa Kean \(E-mail\) <[email protected]> Phil Kean \(E-mail\) <[email protected]> Steve & Melissa Kean \(E-mail\) <[email protected]> cc: Subject: Houston 1996 - 2001 Houston died today after a long battle with Auto Immune Hemolytic Anemia. Rest in peace. Rob Kean
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Subject:: Legislative Status Report Week Ending 2/23
Body:: nan
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<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
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Subject:: Summary of Todays FERC Order
Body:: This morning the FERC had its meeting to discuss events in California and = =20 the FERC=01s response to them. The following is a summary of the remarks o= f=20 the four Commissioners and the major points of what has been ordered:=20 ? Major features ? 1.? Proposes to replace ISO and PX boards with independent non-stakeholde= r=20 boards. 2.? Continued significant role for the presidents of PX/ISO who should be= =20 made voting members. 3.? Elimination of mandated buy-sell requirement for the IOUs (although no= =20 explanation as to whether this requires CPUC action). Over-reliance on spo= t=20 markets has been problematical. 4.? As an independent exchange the PX will be free to design the products= =20 desired by the market. 5.? The proposed price modification measure will be a temporary measure.= =20 Single price for all offers below $150. However no bid above $150 will se= t=20 the price for all generators. A seller can bid anything it wants. Allowing = =20 generators to receive their as-bid price will allow high-cost generators to= =20 participate in the market. However the generator will be required to=20 provide confidential reports to FERC explaining the necessity for bids ove= r=20 $150 through 12/31/02. 6.? The order requires forward scheduling of 95% of an scheduling =20 coordinator=01s schedule with a penalty applied for deviations which exce= ed 5%=20 As an incentive the proceeds of the penalties go to the schedulers who=20 comply with the tolerance band. 7.? Rejects the purchase price caps proposed by the ISO. The order would= =20 eliminate the ISO=01s price cap authority. 8.? Beginning 1/1/01 the prospect of refunds will be available. =20 ? Commissioner Hebert ? Due to a technical problem when I called in I heard only part of his =20 remarks. He announced that he will have a separate concurrence in the order= =20 but is troubled by some of its features. The $150 cap is questionable=20 whether described as a Soft cap or as a hard cap. His concern is that it will clearly discourage new investment in generatio= n.=20 He therefore recommended that the $150 cap should be escalated on a regula= r=20 basis (perhaps every six months) until it reaches at least $250.=20 ? He points out that the ISO and PX are required to make RTO filings to FERC = =20 on 1/16/01. These filings should address the major aspects of the Order=20 issued today.=20 ? Hebert also questioned the issue of refunds alleging that it was =20 disingenuous to suggests that refunds were a possible remedy.=20 ? Commissioner Breathitt=20 ? Breathitt announced almost all of the foregoing major points of the orderT= he=20 order is based on a market approach. In choosing our market-based approac= h=20 it is our goal to guide the markets to self-correct and not re-institute= =20 command and control regulation.? We have all worked too hard too long t= o=20 have this result. ? Commissioner Massey ? Sixty-five years ago the Congress decreed that prices had to be just and = =20 reasonable.? There is no exception for market-based approaches. He will =20 concur as the order does find that prices have been unjust and=20 unreasonable. The order does insure that prices should return to being jus= t=20 and reasonable. Cited Frank Wolak as proposing there ought to be an 18-24= =20 month forward product designed which the CPUC will years ago federal law= =20 dictated that prices had to be just and reasonable. The $150 is a soft cap and allows a generator to bid above it but if it= =20 does it will not set the price which other generators receive. He invites = =20 comments on this issue.=20 With regard to retroactive refunds the Office of the General Counsel has= =20 prepared a legal memorandum which concludes that the FERC probably does not= =20 have authority to order refunds retroactively for any date before October 2= =20 2000. Invites comments on this issue.=20 California needs new generation and transmission and the siting authority= =20 belongs to the state. California must do its part to ensure that customers= =20 do in fact benefit from competitive markets that ensure just and=20 reasonable prices.=20 He is not yet confident that the Commission has taken all necessary steps.= =20 ? Chairman Hoecker ? He strongly supports the order.=20 Comments are due in three weeks. This is no time to pull punches. He cited= =20 the San Diego hearings as indicating that California markets were? out o= f=20 synch with the needs of the digital economy.? For FERC regulators who are= =20 used to corporate struggles among utilities and other large companies th= is=20 was a real eye-opener.=20 Average citizens had no warning this was going to happen and they had no= =20 competitive alternatives. It was unfair to them and there is plenty of = =20 responsibility for this meltdown to go around.=20 If I was a senior citizen in San Diego living on a fixed income or a sma= ll=20 business owner living on a small profit margin or a school administrator = =20 dealing with a tight budget the doubling of my bill would make me want my= =20 money back or to at least ensure that this won=01t happen again in the= =20 future. Many who expected this order expected a lynching and the transfer of lar= ge=20 amounts of money. They want us to round up the bad guys who manipulated th= e=20 market and order the disgorgement of their ill-gotten gains. As our legal= =20 opinion indicates that=01s not going to happen.? Today=01s order offer= s a=20 thoughtful way back to a rational basis for buying and selling power in th= e=20 West. We are not ignoring actual or undue discrimination or actual abuses of =20 market power. The order makes better market monitoring going forward a =20 fundamental part of FERC=01s proposal.? If evidence of such behavior is = =20 brought forward FERC will act on that information. However we can=01t d= elay =20 work on a market fix while searching for the culpable parties.=20 Hoecker believes that strong federal action is both warranted and =20 important at this moment.? The bulk power grid must be made to work =20 efficiently across the entire West.=20 Competition is at risk make no mistake about that. In view of the =20 California experience several states are reconsidering or shelving plans t= o =20 implement competition.? Legislators will want to retain the possibility of= =20 returning to the old days of vertically-integrated utilities.? The =20 California experience has been instructive but not helpful=01(to the=20 meandering implementation of competition throughout the nation.=20 The state=01s markets have not been mistakenly federalized as alleged b= y=20 some. The markets are regional. California=01s access to interstate power = =20 supplies is critical as was made evident by recent events. If we do things= =20 right California will not be a federal enclave designed to satisfy our=20 market predilections it will be a workable and competitive market that=20 benefits consumers.=20 This is a strong order. It needs to be a strong order. We expect to have = a=20 strong order in December and the public needs it.=20 A copy of these notes are attached if you need to distribute them to anyon= e=20 in your organizations. - November 1 2000 Meeting Notes.doc
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Subject:: Pre-Election Discounts!
Body:: Any interest?
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Subject:: Re:
Body:: Thanks anyway. no need to do anything right now. enjoy your vacation. Jeffrey Keeler 06/18/2001 01:10 PM To: Steven J Kean/NA/Enron@Enron cc: Subject: Re: Sorry I missed this on Friday -- was on vacation end of last week and rest of this week. If its not too late I'll have Lisa pull some things together quickly. Also my wife Marietta knows Isikoff well....they worked together on a number of things when she was at Court TV in Washington. Let me know what I can do to help. Jeffrey Keeler Director Environmental Strategies Enron Washington DC office - (202) 466-9157 Cell Phone (203) 464-1541
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<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
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Subject:: ATTORNEY/CLIENT COMMUNICATION//////CONFIDENTIAL and Privileged
Body:: Article II of the NONCOMPETITION AGREEMENT entered in connection with the sale of HPL to AEP (which closed as of June 12001) provides: ENA [for 3 months post-close] will not solicit negotiate or enter into any contract agreement or arrangement for the purchase of natural gas on the HPL Pipeline from any Person which is a supplier or producer of natural gas connected to the HPL Facilities provided however nothing herein shall be construed or interpreted as prohibiting ENA from entering into any such contract agreement or arrangement which is less than one month in duration and involves or is related to an Enron Online transaction. This is not the most clearly drafted provision as it was the subject of much negotiation....and was significantly narrowed from the original scope proposed by AEP. Thus please consult with me prior to entering into any solicitation agreement or arrangement which might arguably be covered by our limited covenant not to compete on the supply side for 3 months. There are many aspects of the post-close transition which will require cooperation between Enron and AEP/HPL and thus it behoves us to carefully weigh the risks and rewards of stepping too close to or over the line. Furtheralthough a technical reading of the non-competition agreement only applies to ENA no ENA UPSTREAM deals which would violate this covenant if there were to be done as ENA should be done without clearance from Brian Redmond and me. Please communicate this restriction to those who report to you and have need to be aware of this limited restriction. Sincerely BNG Dan J Hyvl 06/07/2001 04:59 PM To: Barbara N Gray/HOU/ECT@ECT cc: Jeffrey T Hodge/HOU/ECT@ECT Subject: ONEOK Energy Marketing and Trading Company Barbara This appears to be supply deal for deliveries at Katy that would be subject to the 90 day non-compete. Sandi is in the process of getting me a copy of the non-compete so that I can determine if this deal is covered. Do you have any thoughts.
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Subject:: Re: CPUC Postpones action on Direct Access Until Mid-August
Body:: Please add Dave Delainey John Lavorato and Louise Kitchens to updates with significant news like this one (they may already get them ... I didn't read through all the names). Susan J Mara 07/03/2001 12:35 PM To: Alan Comnes/PDX/ECT@ECT Angela Schwarz/HOU/EES@EES Beverly Aden/HOU/EES@EES Brenda Barreda/HOU/EES@EES Carol Moffett/HOU/EES@EES Cathy Corbin/HOU/EES@EES Chris H Foster/HOU/ECT@ECT Christina Liscano/HOU/EES@EES Christopher F Calger/PDX/ECT@ECT Craig H Sutter/HOU/EES@EES Dan Leff/HOU/EES@EES Debora Whitehead/HOU/EES@EES Dennis Benevides/HOU/EES@EES Don Black/HOU/EES@EES Douglas Huth/HOU/EES@EES Edward Sacks/Corp/Enron@ENRON Eric Melvin/HOU/EES@EES Erika Dupre/HOU/EES@EES Evan Hughes/HOU/EES@EES Fran Deltoro/HOU/EES@EES Gayle W Muench/HOU/EES@EES Ginger Dernehl/NA/Enron@ENRON Gordon Savage/HOU/EES@EES Harold G Buchanan/HOU/EES@EES Harry Kingerski/NA/Enron@ENRON James D Steffes/NA/Enron@ENRON James W Lewis/HOU/EES@EES James Wright/Western Region/The Bentley Company@Exchange Jeff Messina/HOU/EES@EES Jeremy Blachman/HOU/EES@EES Jess Hewitt/HOU/EES@EES Joe Hartsoe/Corp/Enron@ENRON Karen Denne/Corp/Enron@ENRON Kathy Bass/HOU/EES@EES Kathy Dodgen/HOU/EES@EES Ken Gustafson/HOU/EES@EES Kevin Hughes/HOU/EES@EES Leasa Lopez/HOU/EES@EES Leticia Botello/HOU/EES@EES Mark S Muller/HOU/EES@EES Marsha Suggs/HOU/EES@EES Marty Sunde/HOU/EES@EES Meredith M Eggleston/HOU/EES@EES Michael Etringer/HOU/ECT@ECT Michael Mann/HOU/EES@EES Michelle D Cisneros/HOU/ECT@ECT [email protected] Neil Bresnan/HOU/EES@EES Neil Hong/HOU/EES@EES Paul Kaufman/PDX/ECT@ECT Richard L Zdunkewicz/HOU/EES@EES Richard Leibert/HOU/EES@EES Richard Shapiro/NA/Enron@ENRON Rita Hennessy/NA/Enron@ENRON Robert Badeer/HOU/ECT@ECT Rosalinda Tijerina/HOU/EES@EES Sarah Novosel/Corp/Enron@ENRON Scott Gahn/HOU/EES@EES Scott Stoness/HOU/EES@EES Sharon Dick/HOU/EES@EES [email protected] Susan J Mara/NA/Enron@ENRON Tanya Leslie/HOU/EES@EES Tasha Lair/HOU/EES@EES Ted Murphy/HOU/ECT@ECT Terri Greenlee/NA/Enron@ENRON Tim Belden/HOU/ECT@ECT Tony Spruiell/HOU/EES@EES Vicki Sharp/HOU/EES@EES Vladimir Gorny/HOU/ECT@ECT Wanda Curry/HOU/EES@EES William S Bradford/HOU/ECT@ECT Jubran Whalan/HOU/EES@EES Richard B Sanders/HOU/ECT@ECT Robert C [email protected] [email protected] Donna Fulton/Corp/Enron@ENRON [email protected] Bruno Gaillard/EU/Enron@Enron Linda Robertson/NA/Enron@ENRON Ren Lazure/Western Region/The Bentley Company@Exchange Michael Tribolet/Corp/Enron@Enron Phillip K Allen/HOU/ECT@ECT Christian Yoder/HOU/ECT@ECT [email protected] Tamara Johnson/HOU/EES@EES Greg Wolfe/HOU/ECT@ECT Jeff Dasovich/NA/Enron@Enron Dirk vanUlden/Western Region/The Bentley Company@Exchange Steve Walker/SFO/EES@EES James Wright/Western Region/The Bentley Company@Exchange Mike D Smith/HOU/EES@EES Richard Shapiro/NA/Enron@Enron Leslie Lawner/NA/Enron@Enron Robert Steve Walton/HOU/ECT@ECT [email protected] [email protected] Janel Guerrero/Corp/Enron@Enron Mark Fillinger/SF/ECT@ECT Jennifer Rudolph/HOU/EES@EES Martin Wenzel/SFO/HOU/EES@EES [email protected] Joseph Alamo/NA/Enron@Enron Ray Alvarez/NA/Enron@ENRON David Leboe/Enron@EnronXGate Jay Zoellner/Western Region/The Bentley Company@Exchange Fatimata Liamidi/HOU/EES@EES Sonia Perez/HOU/EES@EES Chris Holmes/HOU/EES@EES Venkatesh Mani/Western Region/The Bentley Company@Exchange Richard Crevelt/Western Region/The Bentley Company@Exchange Dave Perrino/SF/ECT@ECT Malcolm Adkins/HOU/EES@EES Kevin Keeney/HOU/EES@EES Chris Stokley/ENRON@enronXgate Steve C Hall/ENRON@enronXgate Tracy Ngo/Enron@EnronXGate [email protected] cc: Subject: CPUC Postpones action on Direct Access Until Mid-August The vote to suspend direct access has been postponed. This is a positive sign that the legislature is making progress on a comprehensive solution. Sue Mara Enron Corp. Tel: (415) 782-7802 Fax:(415) 782-7854
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[/INST] Company Business/Strategy <s> |
<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
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Subject:: RTO Question
Body:: For those who attended the FERC meeting yesterday can anyone elaborate on the reference in the Energy Daily article today that said Pat Wood remarked at the meeting that the Barton RTO language is balanced and that he likes it. I am working on our own and helping EPSA with their comments on the Barton language which is as we know a retrenchment from current law and FERC's plans on RTOs. But if Pat Wood likes it and thinks it is balanced that undercuts our position. Since the trade press is not always accurate I thought I would first check with those of you who were there. Thanks.
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Subject:: Corporate Farewell Lunch for Ed Segner, in wine room at Brennans
- Not going
Body:: I've RSVP'd for you.
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Subject:: FWD: News Article
Body:: At the end of the article there is a presidential straw poll. It shows Bush with only a 6 point lead among oil and gas industry executives and analysts.
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Subject:: Re: FW: Request for PR2 Access
Body:: OK From: Jo Ann Hill/ENRON@enronXgate on 07/18/2001 04:31 PM To: Steven J Kean/NA/Enron@Enron cc: Kathryn Schultea/ENRON@enronXgate Mary Joyce/ENRON@enronXgate Subject: FW: Request for PR2 Access Steve -- For your approval. As some additional information regarding the request Kathy Diane Taylor and I met with Deana Taylor this afternoon to understand what each person's role was and the specific access needed. For the interim we are recommending that the HR View Basic Data & Org ENTP and View Payroll and Time ENTP role be granted to each of the individuals listed below. Until January 1 this function was performed in the Payroll Department and at that time was transitioned to Karen and Deana's group. The people listed below actually transferred from the Payroll Department. For the long term we are going to look at creating a specific role for this group that would let them access only those data elements needed. I've spoken with Mary Joyce by phone and she has approved so I am requesting your approval as well. These people have basically been prevented from being able to reconcile any of the net pay accounts etc. for the past week. Please let me know if you will approve or if you need any additional information. Thanks. Jo Ann
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Subject:: Confidential - Decision tree on projects
Body:: Something for us to talk about during our next staff meeting. There are three projects which have significant cash flow problems and thus= difficulties in meeting debt obligations: these are: SECLP Panama and Gaz= a. In the past as I suppose we have done in Dabhol we have taken the pos= ition that we would not inject cash into these companies and would be prepa= red to face a default and possible acceleration of the loans. SECLP has be= en the biggest issue/problem. Panama is much less (a few million of floati= ng of our receivables from the company) would be sufficient to meet the cas= h crunch in April of this year. Note that in Panama the debt is fully gu= aranteed by the government and is non-recoursed to the operating company B= LM. In the past we have discussed letting the debt default which would c= ause the bank to potentially seek complete payment and acceleration from th= e GoPanama. The reason: the vast majority of BLM's problems stem from acti= ons taken by the regulator that have effectively amended our PPA's with pri= vate parties those actions resulted in significant loss of revenues which= although today have stopped or have been limited have left a mark on th= e company's liquidity position. =20 Now the question is: come April of 2002 should any of our actions in Panam= a or decisions related thereto (which we would have otherwise taken or made= ) be affected in any way by either the proposed merger or an effort by Enro= n to preserve efforts to re-establish investor/creditor confidence? The sa= me could go for SECLP and Gaza. This is simply an overall guidance question. Let's take it up during our= staff meeting next week if that's ok with you. Many thanks Mariella
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Subject:: Invitation to the EUROFORUM Conference "Emissions Trading"
Body:: -----------------
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Subject:: RE: Confidential - Decision tree on projects
Body:: 2 meetings on monday 8 & 9:30 and 2 on friday 9 & 10.
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Subject:: Re: UC-CSU-Enron press release
Body:: 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
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Subject:: Confidential Information and Securities Trading
Body:: To:KITCHEN LOUISE - +1 713 853 3488 Enron Wholesale Services - Office of the Chairman From: Mark Frevert Chairman & CEO Mark Haedicke Managing Director & General Counsel Subject: Confidential Information and Securities Trading To keep pace with the fluid and fast-changing demands of our equity trading activities Enron Wholesale Services (EWS) has recently revised its official Policies and Procedures Regarding Confidential Information and Securities Trading (Policies and Procedures). These revisions reflect two major developments: (1) our equity trading activities have been extended into the United Kingdom and (2) in an effort to streamline the information flow process the Review Team will play a more centralized role so that the role of the Resource Group is no longer necessary.You are required to become familiar with and to comply with the Policies and Procedures. The newly revised Policies and Procedures are available for your review on LegalOnline the new intranet website maintained by the Enron Wholesale Services Legal Department. Please click on the attached link to access LegalOnline: If you have already certified compliance with the Policies and Procedures during the 2001 calendar year you need not re-certify at this time although you are still required to to review and become familiar with the revised Policies and Procedures. If you have not certified compliance with the Policies and Procedures during the 2001 calendar year then you must do so within two weeks of your receipt of this message. The LegalOnline site will allow you to quickly and conveniently certify your compliance on-line with your SAP Personal ID number. If you have any questions concerning the Policies or Procedures please call Bob Bruce at extension 5-7780 or Donna Lowry at extension 3-1939.
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Subject:: Re: CONFIDENTIAL AND LEGALLY PRIVILEGED
Body:: Marcus David roland will be point person on this. I assuming you are getting bankruptcy etc advise and there will be consideration etc. corporate formalities will be followed etc. From: Marcus Nettelton/ENRON@enronXgate on 10/31/2001 11:29 AM To: Vicki Sharp/HOU/EES@EES cc: Mark E Haedicke/Enron@EnronXGate Subject: CONFIDENTIAL AND LEGALLY PRIVILEGED CONFIDENTIAL AND LEGALLY PRIVILEGED Vicki Many thanks for your assistance yesterday. Clinton Energy Management Services Inc. because it holds a current power marketing certificate is an entity which we would like to move to being a direct subsidiary of Enron Corp. to take effect today. This is considered to be an essential part of restructuring to meet our current and future needs. While the day to day control will remain where it is and all the efforts assign contracts and other work should progress as planned since the value to Enron Corp. is the power marketing certificate nothing should be done to jeopardize this. In addition we will be changing the charter and will need copies of the existing charter to effect those changes required. Please call me if you need to discuss this further. Kind regards Marcus
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Subject:: CATS House of Lords Appeal
Body:: fyi -----------------
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Subject:: Energy Issues
Body:: Please see the following articles: Sac Bee Fri 5/4: Expect prices to shoot up analysts say Sac Bee Fri 5/4: GOP: Shrink plan for bonds Sac Bee Fri 5/4: FERC chief defends plan for state Sac Bee Fri 5/4: PG&E to judge: ISO $1 billion tab will drain us Sac Bee Fri 5/4: Jack Sirard: PG&E's woes a warning to utility investor= s SD Union (AP) Fri 5/4: Legislature sends power authority bill to govern= or LA Times Fri 5/4: GOP Tries to Force Its Dramatically Different Energy Plan on Governor LA Times Fri 5/4: Secretary of Energy Davis Meet on U.S. Plan to Boost Conservation LA Times Fri 5/4: PG&E Seeks Relief From High-Priced Power Purchases LA Times Fri 5/4: SDG&E Blackout Plan Would Pay Firms to Use Generators= SF Chron Fri 5/4: Been there done that=20 Bay Area finds little new in Bush's ideas SF Chron Fri 5/4: Bush calls power supply the solution=20 He says conservation useful but secondary SF Chron (AP) Fri 5/4: SDG&E unveils plan to contend with rolling=20 blackouts SF Chron (AP) Fri 5/4: California crisis brings new talk of energy=20 conservation=20 SF Chron (AP) Fri 5/4: Developments in California's energy crisis SF Chron Fri 5/4: Energy at a glance SF Chron Fri 5/4: Ships would help during blackouts=20 Ready reserve fleet has power to provide=20 SF Chron Fri 5/4: PG&E chairman wants to keep power lines Mercury News Fri 5/4: Bush shifts policy on conservation after meeting= =20 with GOP Mercury News Fri 5/4: Senate plans public power Mercury News Fri 5/4: All Caps Hed OC Register Fri 5/4: Energy notebook Vote delayed on $12 billion state bond for power OC Register Fri 5/4: US conservation order called Bush's best effort Individual.com (Bridgenews) Fri 5/4: [B] POWER UPDATE/ Bush directs fed= s to save energy in California Individual.com (AP) Fri 5/4: Judge Dismisses $10B PG&E Suit Individual.com (Business wire) Fri 5/4: Bankruptcy Update/ PG&E Files= =20 Motion to Require CAISO to Follow Federal Law --- Expect prices to shoot up analysts say By Dale Kasler Bee Staff Writer (Published May 4 2001)=20 Gov. Gray Davis' plan for solving the energy crisis relies partly on a=20 striking assumption: that the state's power expenditures will drop=20 dramatically this summer.=20 But energy-market analysts believe Davis is underestimating the cost of=20 electricity and say the state should brace for a significant run-up in pric= es=20 during what is likely to be a summer of chronic shortages.=20 In particular analysts question Davis' prediction the state will pay an=20 average of $195 a megawatt-hour on the spot market from July to September = a=20 44 percent reduction from the projected average price for April through Jun= e.=20 One hundred and ninety-five dollars? Boy I wish it were true said Sever= in=20 Borenstein of the University of California Energy Institute. My estimate i= s=20 substantially higher.=20 Yet Davis' advisers are sticking by their projection of the state's power= =20 costs released Monday to a skeptical Legislature by private consultants to= =20 the governor. They say the lower cost estimates reflect expected increases = in=20 supplies the projected impact of California's new conservation program and= =20 the state's growing ability to wean itself from the ultra-expensive spot=20 market and buy much of its power through cheaper long-term contracts.=20 Prices may rise but spending by the state will decline starting this=20 summer they insist.=20 This is a very credible plan said Joseph Fichera a Wall Street financie= r=20 advising the governor. We have done things to mitigate our exposure (to th= e=20 spot market).=20 The credibility of the projections is crucial to the state's plan to sell $= 10=20 billion worth of bonds -- a key element of Davis' rescue plan. The bonds=20 would compensate the state for past and future power purchases made on beha= lf=20 of moribund Southern California Edison and Pacific Gas and Electric Co. wi= th=20 ratepayers ultimately footing the bill. Davis expects the state to spend=20 $18.7 billion on power by June 2002.=20 But if electricity costs go higher than Davis expects the strain on the=20 state's budget could worsen complicating the bond sale. Republican=20 lawmakers wary of higher costs and distrustful of Davis' projections have= =20 been threatening to block the sale.=20 Higher-than-expected costs also would increase the likelihood of blackouts= =20 Davis acknowledged last week that the state might stop purchasing electrici= ty=20 at times when prices go out of sight.=20 And many private-sector experts believe prices will surely rise.=20 I see no reason given what's happened the past six months that the next= =20 six months is going to be dramatically different said Keith Bailey chief= =20 executive of generator Williams Cos. which sells power to California.=20 One great unknown is the impact of a price mitigation plan approved last= =20 week by the Federal Energy Regulatory Commission. Price caps would kick in= =20 when California's power reserves are less than 7 percent of demand -- the= =20 so-called power alert days.=20 Bailey said the plan would have a very real effect but state officials= =20 called it inadequate. More holes than Swiss cheese Davis said this week.= =20 In Washington Sen. Dianne Feinstein D-Calif. and other Western senators= =20 tore into FERC Chairman Curtis Hebert Jr. at a hearing on the price=20 mitigation plan. Feinstein wondered aloud why the FERC didn't simply=20 establish a firm ceiling on prices.=20 As it stands now California officials have been spending upward of $50=20 million a day for Edison and PG&E the tab can fluctuate wildly from day to= =20 day as prices shoot up and down. On Thursday prices in California ranged= =20 between $214 and $240 a megawatt-hour depending on location for peak-time= =20 power according to industry newsletter Enerfax Daily.=20 Because summertime demand is typically about 50 percent higher than it is i= n=20 spring most analysts expect prices to rise. California electricity futures= =20 prices considered by many to be a decent gauge of where prices are going= =20 are trading at $375 a megawatt-hour for July and $525 for August Enerfax= =20 said.=20 I would trust the traders said Gary Ackerman of the Western Power Tradin= g=20 Forum an association of power generators. They've been right more often= =20 than the Davis administration.=20 The Northwest drought robbing California of cheap hydropower is a key=20 reason many analysts believe costs won't drop.=20 What it all adds up to is much less imported hydroelectric power than we'r= e=20 used to said Arthur O'Donnell editor of the California Energy Markets=20 newsletter.=20 But Davis' consultants say new power is coming from other sources this=20 summer easing prices. New power plants scheduled to begin operations this= =20 summer will add 4500 megawatts of power to California's energy-starved=20 grid Davis said.=20 O'Donnell though said the new plants won't provide immediate relief. Pow= er=20 plants in their start-up phase frequently have problems he said.=20 Another unknown quantity is the fate of hundreds of cogenerators wind farm= s=20 and other alternative-energy providers that deliver more than 20 percent of= =20 the state's electricity under contract to the utilities.=20 After going months without payment from PG&E and Edison scores of these=20 producers shut down in February and March depriving the state of an=20 estimated 3000 megawatts of power and contributing mightily to two days of= =20 blackouts in March.=20 About 800 megawatts of power returned to service in April after PG&E and= =20 Edison were ordered to resume paying the generators the two utilities said= .=20 And Fichera said more will come back starting June 1 when their contracts= =20 say they must operate or face financial penalties.=20 But some generators say they won't produce full throttle this summer. Anger= ed=20 at a new payment schedule that substantially cuts their income they'll run= =20 the absolute bare minimum to fulfill their contracts said Hal Dittmer of= =20 Wellhead Electric Co. a small generator that's been shut down.=20 Representatives of the small generators met with Davis on Thursday with=20 Davis agreeing to work with them on the possibility of increasing their=20 payments said generators' attorney Jerry Bloom.=20 Davis meanwhile also is betting that energy usage will fall. Recently=20 approved rate hikes will create sticker shock that will cut demand 3=20 percent Fichera said. The state's conservation program will contribute an= =20 additional 4 percent he said.=20 If we buy less than what (generators) expect prices drop Davis said.=20 Above all the state has completed or is in final negotiations on a slew of= =20 long-term contracts with major generators -- deals that will substantially= =20 cut the state's dependence on the spot market and reduce its overall power= =20 bill said Ron Nichols of Navigant Consulting Inc. which developed the=20 power-cost estimates for Davis.=20 The Bee's Dale Kasler can be reached at (916) 321-1066 or [email protected]= m.=20 David Whitney of The Bee's Washington Bureau contributed to this report.=20 GOP: Shrink plan for bonds By John Hill Bee Capitol Bureau (Published May 4 2001)=20 The state should bite the bullet and use $5 billion of its surplus to pay f= or=20 electricity instead of borrowing the money and prolonging the fiscal agony= =20 Assembly Republicans said Thursday.=20 Paying up front is preferable to a Democratic plan that would saddle=20 electric customers with higher utility rates to pay the state back with=20 interest said Assemblyman Bill Leonard of San Bernardino one of 30 membe= rs=20 of the Assembly Republican Caucus.=20 But the caucus's plan drew fire from state Treasurer Phil Angelides a=20 Democrat in charge of putting together the bond deal. He said a GOP block o= f=20 the bond deal would cut into this year's spending for education and=20 transportation and take the state toward fiscal insolvency.=20 Angelides said the Republican stance will force the Legislature to pass the= =20 bill authorizing bonds with a simple majority needing no GOP votes but=20 requiring a 90-day wait for the bill to become law. By that time he said= =20 the state will be perilously close to running out of money.=20 It is to me from a business perspective one of the most irresponsible ac= ts=20 I've witnessed he said.=20 The Assembly Republican plan calls for the state to sell $8 billion in bond= s=20 instead of the $12.5 billion proposed by Gov. Gray Davis. This move would= =20 relieve pressure for more electricity rate increases Leonard said.=20 The Republicans would make up the difference by taking $5 billion from the= =20 state's general fund. That's money the Democratic governor proposed in=20 January would go to one-time expenditures on a variety of projects from=20 clean beaches to housing as well as new spending on schools.=20 The Republican plan calls for rate rebates for people whose electric=20 utilities are publicly owned such as the Sacramento Municipal Utility=20 District. Some argue that these ratepayers are getting a bad deal because= =20 their tax money is subsidizing ratepayers whose utilities are in financial= =20 trouble.=20 It also includes past Republican proposals that have stagnated in the=20 Legislature such as allowing residential customers to make deals with=20 independent electricity providers and encouraging quick building of power= =20 plants.=20 Although the Republicans are in the minority they wield leverage in the=20 energy debate because a bill that would authorize a bond sale requires a=20 two-thirds vote. At least five of the 30 Assembly Republicans would have to= =20 vote for it.=20 The Republicans say they are uncomfortable with the size of the bond deal= =20 proposed by Davis which combined with other energy bond sales could top $2= 0=20 billion. It's too much to swallow said James Fisfis a spokesman for the= =20 caucus.=20 Fisfis said the plan represents a preliminary response to Democratic=20 proposals -- a starting point in negotiations and a vision of Republicans= =20 and what they would do if they were governing.=20 We don't want those phony messages that everything's fine and hunky-dory= =20 and it's not he said. This is a time for financial restraint.=20 The Republican proposal blasts as expensive gimmickry a plan by Angelides= =20 to get a $4.1 billion bridge loan from three major lenders to keep the stat= e=20 flush until the bonds are sold.=20 Angelides said such loans are routine when California and other states sell= =20 bonds. The loan in this case he said provides momentum for what's likel= y=20 to be the biggest bond sale in U.S. history. It's three of the most powerf= ul=20 investment banks in the country side by side with us signalling to the wor= ld=20 marketplace that they believe in this transaction he said.=20 The fees to the investment banks of several million dollars represent a=20 fraction of one day of the state's power costs he said.=20 Legislative Analyst Elizabeth Hill said the proposal would require all $2.3= =20 billion in one-time expenditures in the governor's budget to be axed as we= ll=20 as $2.7 billion of proposed year-to-year spending.=20 In addition state revenues for the fiscal year starting July 1 appear to b= e=20 lower than anticipated so the Republican plan might force even more cuts= =20 she said.=20 The Republican caucus plan came the same day that Secretary of State Bill= =20 Jones the lone Republican statewide officeholder and a GOP candidate for= =20 governor next year released his own ideas on the energy crisis.=20 Jones in a letter to Vice President Dick Cheney said the state is on the= =20 brink of fiscal insolvency because of Davis' efforts to buy power.=20 Instead of selling bonds or negotiating to buy the utility companies'=20 transmission lines or other assets the state should ask power generators t= o=20 forgive some of the nearly $14 billion they're owed in exchange for immedia= te=20 payment Jones said.=20 In addition the state should offer low-interest loans to utilities to help= =20 them repay their debt using the power lines as collateral. Finally he sai= d=20 the utilities' parent companies should help reduce the debt.=20 While Jones said the Davis plan is socializing the delivery of power the= =20 state Senate on Thursday sent the governor a bill that will likely drive th= e=20 state further into the energy business by allowing a public power authority= =20 to run its own power plants.=20 The authorizing bill SB 6x by state Senate President Pro Tem John Burton= =20 D-San Francisco passed the Senate on a 24-14 party-line vote.=20 The agency would have access to $5 billion in bond money with which it coul= d=20 build run and seize power facilities and institute conservation programs.= =20 The Bee's John Hill can be reached at (916) 326-5543 or [email protected].= =20 Kevin Yamamura of The Bee Capitol Bureau contributed to this report.=20 FERC chief defends plan for state=20 By David Whitney and David Westphal Bee Washington Bureau (Published May 4 2001)=20 WASHINGTON -- The chairman of the Federal Energy Regulatory Commission=20 sternly defended the panel's new plan for controlling California electricit= y=20 prices Thursday amid mounting criticism that it is too little and too late = to=20 do much good.=20 The criticism came from Democrats and one Republican Oregon Sen. Gordon=20 Smith at a hastily arranged hearing of the Senate Energy and Natural=20 Resources Committee that was intended to be a forum for FERC Chairman Curt= =20 Hebert Jr. to dispel concerns that the plan won't protect consumers from=20 price-gouging electricity marketers.=20 The order approved last week by a 2-1 vote is supposed to dampen prices= =20 without rigid price controls by ordering generators to sell all the power= =20 they produce and setting a benchmark price based on the highest-cost=20 least-efficient plant operating during periods of emergency shortages.=20 FERC is acting Hebert said. FERC is acting responsibly. ... We're doing= =20 what we can do.=20 But the commission's lone dissenter on last week's order William Massey= =20 charged that the measures to control skyrocketing prices would be in effect= =20 only during power emergencies when supplies were tightest. And while that= =20 might be as much as 40 percent or 45 percent of the time during the long ho= t=20 summer he said that still leaves most of the time when power marketers ar= e=20 free to sell at whatever price they can get.=20 I have no confidence that prices will be fair and just at all times this= =20 summer Massey said.=20 Sen. Dianne Feinstein D-Calif. continued on that theme. She produced what= =20 was described as a megawatt laundering blueprint she had received detaili= ng=20 how FERC's order could be used to trade power back and forth between=20 marketers to bid up wholesale prices in a way that would be outside FERC=20 monitoring.=20 The contentious hearing came as the FERC is about to publish notice in the= =20 Federal Register to expand the price monitoring plan to Oregon Washington= =20 and other Western states.=20 But Smith said he thought the commission was misreading the political=20 firestorm brewing throughout the West if it thought its plan would quell=20 outrage over rising prices.=20 Are you aware of the head of steam that is building up? asked Smith who= =20 said prices in his region are 10 or 12 times what they were a year ago. Th= is=20 is unsustainable for this administration for this Congress.=20 Smith and Feinstein have introduced legislation that would temporarily cap= =20 wholesale power rates at the cost of production plus a fixed profit margin.= =20 Feinstein who was more supportive of the FERC order after its release last= =20 week said after the hearing that she now believes it is flawed by too many= =20 loopholes and problems.=20 I can't understand why they are doing this she said.=20 Meanwhile one of California's biggest power customers the U.S. military= =20 vowed Thursday to reduce its peak-hours electricity use by 10 percent this= =20 summer as President Bush expressed new concern about the state's looming=20 season of blackouts.=20 We're worried about blackouts that may occur this summer and we want to be= =20 part of any solutions said Bush who gave federal officials 30 days to=20 implement electricity-reducing plans.=20 Gov. Gray Davis welcomed the president's comments but said the plan falls= =20 short. Surely the federal government can do more and match California's 20= =20 percent savings at all state buildings he said.=20 Vice President Dick Cheney in a speech earlier this week spoke dismissive= ly=20 of conservation efforts in the 1970s and warned that the nation won't be= =20 able to simply conserve or ration our way out of the situation we're in.= =20 But Bush spoke repeatedly Thursday of the importance of conserving. We've= =20 got to do both he said. We must conserve but we've also got to find new= =20 sources of energy.=20 The administration set no target for reducing federal power use but=20 recommended actions such as turning off escalators and raising thermostats = to=20 78 degrees when state reserves fall below 5 percent.=20 We're not trying to pick a figure arbitrarily out of the sky said Energy= =20 Secretary Spencer Abraham.=20 Earlier in a letter to Congress Davis excoriated federal inaction on=20 soaring electricity rates as he prepared to meet in Sacramento with Abraham= =20 on Thursday evening.=20 With all our actions in California it is a travesty that on the one issue= =20 over which the federal government has exclusive jurisdiction -- wholesale= =20 energy prices -- it has utterly failed to discharge its responsibility=20 Davis said.=20 The Bee's David Whitney can be reached at (202) 383-0004 or=20 [email protected].=20 PG&E to judge: ISO $1 billion tab will drain us By Claire Cooper Bee Legal Affairs Writer (Published May 4 2001)=20 SAN FRANCISCO -- Pacific Gas and Electric Co. asked a federal bankruptcy=20 judge Thursday to bar the operator of California's power grid from buying= =20 electricity for the utility or collecting almost $1 billion now due for pas= t=20 wholesale purchases.=20 PG&E's bankruptcy estate would be depleted by paying the high prices passed= =20 on by the California Independent System Operator the utility said in askin= g=20 U.S. Bankruptcy Judge Dennis Montali to issue an injunction.=20 PG&E filed for Chapter 11 bankruptcy reorganization April 6. The utility's= =20 corporate parent San Francisco-based PG&E Corp. is not part of the=20 bankruptcy proceedings.=20 The ISO buys electricity from independent wholesalers to supplement whateve= r=20 power the utilities can send to the grid matching supply with demand on a= =20 daily basis. Throughout the past year it has provided as much as 30 percent= =20 of the state's electricity and as little as 10 percent on any given day sa= id=20 ISO spokesman Patrick Dorinson.=20 ISO Vice President Elena Schmid said Thursday that the ISO stopped buying= =20 electricity for PG&E after being told to do so April 6 by the Federal Energ= y=20 Regulatory Commission because the utility no longer was creditworthy.=20 But the PG&E legal complaint said the ISO continued making purchases throug= h=20 April 30 at an average cost almost six times as high as the frozen retail= =20 rates that PG&E can charge its customers.=20 Even with an upcoming rate increase said the complaint PG&E could lose $2= 28=20 million a month if it depended on the ISO for 25 percent of its electricity= .=20 Since mid-January the California Department of Water Resources also has be= en=20 buying electricity for PG&E and Southern California Edison under AB 1x=20 legislation that authorized state power purchases and rate increases if=20 necessary to repay the state.=20 PG&E said in the complaint that the state water department has limited its= =20 purchases to power it can buy at rates it deems reasonable leaving it to t= he=20 ISO to obtain at extremely high rates the remainder of the electricity PG= &E=20 needed to balance supply and demand.=20 PG&E has been able to generate or has contracts for between 50 percent and = 60=20 percent of its retail electricity demand.=20 PG&E spokesman Ron Low said the DWR has been buying about 85 percent of the= =20 balance but the company doesn't know how much the ISO is buying until it= =20 receives the bills.=20 ISO's Schmid said no decision had been reached concerning the effect of the= =20 bankruptcy proceedings on PG&E's outstanding billion-dollar bill for=20 electricity purchases in January and February.=20 We're certainly going to live by whatever terms the Bankruptcy Court puts = on=20 it she said.=20 Two weeks ago ISO advised PG&E that ISO's January and February invoices t= o=20 the extent they conflicted with the bankruptcy process were submitted only= =20 for record-keeping purposes.=20 But PG&E said ISO still plans to hold the company responsible for the bills= .=20 A hearing has been set for June 4.=20 The Bee's Claire Cooper can be reached at (415) 551-7701 or=20 [email protected].=20 Jack Sirard: PG&E's woes a warning to utility investors (Published May 4 2001)=20 Q: Like so many other investors I bailed out of my Pacific Gas and Electri= c=20 shares. I am now looking at Con Ed. It looks fairly priced with a great=20 yield. Would it be wise to take the money I got from PG&E and buy Con Ed?= =20 My biggest concern is that Con Ed could suffer a fate similar to the one th= at=20 devastated PG&E. What do you think?=20 --Robert A. Carmichael=20 A: Consolidated Edison (ticker symbol ED) is one of the nation's largest=20 investor-owned energy companies. The company provides a wide range of=20 energy-related services to customers in New York New Jersey and=20 Pennsylvania.=20 For the three months ended March 31 revenues increased 24 percent to $2.89= =20 billion while its net income declined 5 percent to $179.1 million.=20 The company's stock closed Thursday at $36.26 near its 52-week high of=20 $39.50 and well above its low of $29.61. The company pays a generous annual= =20 dividend of $2.20 a share giving it a current yield of 6.04 percent.=20 Last week the company said it would spend $483 million this year as part of= a=20 program to prepare for the summer of 2001 enhance reliability and improve= =20 infrastructure. And over the next five years Con Ed plans to invest $2.4= =20 billion to upgrade its electric delivery system which serves New York City= =20 and Westchester County.=20 You're certainly right to be concerned about any utility's plans to deal wi= th=20 the energy crisis.=20 Here's what I found about Con Ed. The company sold most of its power plants= =20 and like California utilities failed to lock in multiyear contracts with= =20 suppliers to protect its customers against rising wholesale prices. But Con= =20 Ed can pass wholesale electricity price increases through to consumers. Las= t=20 summer a spike in wholesale prices briefly pushed Con Ed electric rates up= =20 43 percent and that could happen again this summer.=20 Value Line says Con Ed stock is expected to lag the market but says=20 income-oriented investors might want to build a stake. The company has been= =20 increasing its dividend slowly but surely over the years. If you buy the=20 stock keep a close eye on it. Utilities unfortunately no longer can be= =20 bought and tucked away.=20 Q: Our gross income is $100000 a year and other than our house payment w= e=20 have no outstanding debt except a car payment of $250 a month. We have abou= t=20 $175000 in investments including our stocks mutual funds and 401(k) whic= h=20 we are adding about $1000 a month to.=20 We have two kids age 10 and 12 and hope to retire from our jobs with the= =20 state in about seven years at age 53 to 55 and convert our investments to 2= 5=20 percent CDs 25 percent bond funds 25 percent stocks and 25 percent mutual= =20 funds. What do you think?=20 --Jim R. Sacramento=20 A: After looking at the stocks (down 74 percent) and mutual funds (down 51= =20 percent) that you have bought on your own I'd suggest that you need=20 professional help with your investing. Admittedly you have taken a hit by= =20 being heavily invested in technology components. By comparison your 401(k)= =20 is down only 23 percent.=20 Instead of being concerned about how to invest once you retired if I were= =20 you I'd focus my attention on whether I had enough money to retire. Becaus= e=20 you and your spouse both work for the state your retirement benefits shoul= d=20 be solid but I think you need to get a professional review of your financi= al=20 situation to see if all the numbers add up. At first glance it doesn't loo= k=20 to me that they do.=20 You're at the age when you need to have a financial game plan in place that= =20 can pay for college for the children and your own retirement. In your case = --=20 as with many others -- spending some time and money now with a professional= =20 will pay off in the future.=20 The Bee's Jack Sirard can be reached at (916)321-1041 or [email protected]= =20 Legislature sends power authority bill to governor=20 By Audrey Cooper ASSOCIATED PRESS=20 May 3 2001=20 SACRAMENTO =01) California is poised to enter the power business after the = state=20 Senate approved the creation of a public power authority and sent its bill = to=20 Gov. Gray Davis Thursday.=20 A power authority supporters said will give the state more control over i= ts=20 wholesale electricity market by building and operating its own power plants= .=20 State-owned plants could charge lower prices and building new plants could= =20 increase supply and ease wholesale prices.=20 If signed by the Davis the bill creates a California Consumer Power and=20 Conservation Financing Authority that could issue up to $5 billion in reven= ue=20 bonds to pay for power plants natural gas storage and additional pipelines= =20 and conservation programs.=20 Davis has said he supports creating a public power authority similar to one= =20 in New York. The New York authority has 10 power plants 1400 miles of=20 transmission lines and produces about 25 percent of the state's power.=20 Nebraska also has a power authority which created a market in which=20 residents pay 22 percent less than the national average said Sen. John=20 Burton D-San Francisco who wrote the bill.=20 A Davis spokesman said Thursday that although the governor has supported th= e=20 concept of a power authority he has not decided whether or not to sign the= =20 legislation.=20 The authority would be run by the state treasurer and four other members=20 appointed by the governor.=20 Opponents of the plan most of them Republicans have said an authority=20 thrusts the state into a power market in which it doesn't belong and could= =20 obstruct private interests' efforts to build and operate power plants.=20 The new board would also be able to seize plants by eminent domain a power= =20 the governor also has under an emergency order issued in January.=20 Sen. Steve Peace D-El Cajon said California needs the authority because t= he=20 1996 deregulation law didn't create real competition and the Federal Energy= =20 Regulatory Commission refuses to control rising wholesale prices.=20 The state's deregulation is the economic equivalent to the World Wrestling= =20 Federation Peace said. The wrestlers follow a script and the referee=20 FERC ensures it is entertaining. It is not real competition.=20 The authority won't help the state escape blackouts this summer but will= =20 help restore reliable and affordable electricity in the future said consum= er=20 advocate Harvey Rosenfield with the Foundation for Taxpayer and Consumer=20 Rights.=20 The agency is California's key to survival and independence from the energ= y=20 cartel he said.=20 Davis and state lawmakers are also considering purchasing Southern Californ= ia=20 Edison's transmission system which would be governed by a separate public= =20 authority. Negotiations with San Diego Gas & Electric Co. are continuing. T= he=20 Legislature would have to approve those buys.=20 The authority's main power would be over generator construction said=20 Stanford University economist Frank Wolak. Energy companies would likely be= =20 hired to build the plants something the companies are already pursuing.=20 As far as operating power plants we're not as good as these other guys=20 are he said.=20 However the authority may speed the siting of power plants an approval=20 process mostly anchored in state agencies. Centering the approval process i= n=20 the state government could speed the process he said.=20 Richard Sklar the governor's new energy czar said the goal of the state's= =20 power authority will be to balance the energy market in California and keep= =20 private companies from controlling the prices.=20 The power authority is a sensible long-term strategy Sklar said. It's n= ot=20 a bad idea for the state if the private sector will not build it to build= =20 plants so supply won't fall short of demand and this game won't be able to = be=20 played.=20 Opponents said California should create total deregulation of the electrici= ty=20 market not a government solution.=20 The 24-14 vote on the bill written by San Francisco Democratic Sen. John= =20 Burton was split down party lines.=20 Some of the most feared words in the English language are 'I'm from the=20 government and I'm here to help you' said Sen. Bill Morrow R-Oceanside.= =20 The state Assembly passed the bill last week in a 47-28 vote split along=20 party lines.=20 Pacific Gas and Electric Co. spokesman Ron Low declined comment on the=20 legislation. Officials from San Diego Gas and Electric Co. didn't return=20 calls seeking comment.=20 ?? Read Burton's SB6X www.leginfo.ca.gov=20 GOP Tries to Force Its Dramatically Different Energy Plan on Governor=20 By MIGUEL BUSTILLO Times Staff Writer=20 ?????SACRAMENTO--Republican lawmakers are trying to force Gov. Gray Davis= =20 into a dramatically different exit strategy for the energy crisis: writing= =20 off the $5 billion the state has already spent on electricity and borrowing= =20 billions less to finance future power purchases. ?????GOP lawmakers are holding up emergency legislation needed to replenish= =20 the budget for power costs because they don't think the Democratic=20 governor's plan to get California out of the power business will work. They= =20 say the plan is full of dangerously optimistic assumptions such as estimat= es=20 that 90% of the state's alternative energy producers will be generating=20 electricity this summer--only two-thirds are now--and that Californians wil= l=20 use 7% less electricity. ?????Although Republicans don't control either house the emergency=20 legislation requires a two-thirds vote which gives the GOP significant swa= y. ?????The plan from the Republican leadership would commit taxpayer money fo= r=20 the first time to an electricity problem that has only affected customers o= f=20 private utilities. Because the plan is sure to draw strong opposition from= =20 politicians in Los Angeles and other areas served by public power agencies= =20 Republicans have included a complex $1.5-billion proposal to provide refun= ds=20 to those served by municipal utilities. ?????By blocking the emergency legislation Republicans may stop state=20 Treasurer Phil Angelides from securing a $4.13-billion loan to repay state= =20 coffers for electricity purchases--a failure that would reduce the money=20 available to Davis for his next budget and possibly delay his plan to resol= ve=20 the energy crisis. Angelides needs the bill to guarantee repayment for the= =20 loan. ?????If Angelides does not obtain legislative approval by Monday he will= =20 miss a Tuesday deadline lenders had given him to close the loan. That would= =20 clearly leave Davis with less money for new education police and=20 road-building programs as he begins planning his next budget this month. ?????Moreover failure to pass the bill could delay a record bond issue tha= t=20 Davis promised would replenish the budget and shield it from further energy= =20 drains by summer. And it could harm sagging confidence on Wall Street that= =20 California can deliver on its plans to manage the energy crisis Angelides= =20 said. ?????California's credit rating has already been downgraded by one credit= =20 agency Standard & Poor's largely because of concerns about the effect of= =20 electricity purchases on state finances. ?????Negotiations Are Continuing ?????The Republicans appear to be digging in and playing a dangerous game = of=20 financial roulette with the state. This is really ludicrous to me Angelid= es=20 said. Standard & Poor's has already downgraded us. The other credit rating= =20 agencies are watching. I just don't understand what the Republicans are=20 thinking. ?????Said Assembly Republican leader Dave Cox (R-Fair Oaks): We're not=20 prepared to give the governor a blank check. ?????Democrats threatened Thursday to test the Republicans' resolve by=20 bringing the bill to a vote in the Assembly but backed down. Negotiations= =20 among legislative leaders continue. ?????To avoid widespread blackouts the state government entered the=20 electricity-buying business in January after the private utilities became t= oo=20 burdened with debt to continue purchasing power on the expensive wholesale= =20 market. ?????Under a plan approved by the Legislature and signed into law by Davis= =20 the state budget is to be repaid for the power purchases through a massive= =20 municipal bond issue expected to be the largest in American history. The= =20 bonds in turn are to be paid off by utility ratepayers through a slice of= =20 their monthly bills. ?????However the plan was based on the premise that the state would quickl= y=20 bring down power costs by entering into long-term contracts with suppliers-= -a=20 scenario that has yet to materialize. ?????In fact California's power costs have gone up since January. Lawmaker= s=20 initially estimated that $10 billion in bonds would allow the budget to be= =20 repaid and cover future power purchases. Davis is now proposing $12.5 billi= on=20 in bonds--and higher electric bills--to finance the state's costs until 200= 3. ?????Republicans are convinced that it will not be enough. They say the=20 Angelides bridge loan is not needed because the state has money in various= =20 funds that could cover power purchases well into the fall. ?????They also confess to political considerations. Republican legislators= =20 believe that by allowing Angelides to obtain his loan now they will be=20 powerless to oppose further borrowing later. The loan Angelides set up with= =20 J.P. Morgan Chase and several other financial services companies is to be= =20 repaid with the bond issue. If the loan is not repaid by the end of the=20 summer the interest rate will rise dramatically a situation that would ma= ke=20 it hard for the minority Republicans to oppose more bonds. ?????The strong GOP views were shaped in part by Democratic state Controlle= r=20 Kathleen Connell who met with Republican legislators earlier this week and= =20 shared a highly critical appraisal of Davis' plan. ?????Connell told the Republicans that the governor's strategy was based on= a=20 series of assumptions about electricity market conditions in California thi= s=20 summer that in her view are highly improbable. ?????It is almost impossible for all these hypothetical situations=20 envisioned in their scenario to occur at once Connell said. ?????But even if all the assumptions came to pass she predicted that=20 California would still need to secure another source of financing by next= =20 spring to continue energy purchases. Davis administration officials have=20 rebutted her claim. ?????I am deeply troubled by this incremental approach to this financing= =20 that is long-term in nature and is going to burden the state for many years= =20 Connell said in what appeared to be a reference to Davis' reputation as a= =20 plodder.=20 ?????Using Surplus to Pay for Electricity ?????Republicans who have traditionally been opposed to financing public= =20 programs with large bond issues contend that Davis needs to reevaluate his= =20 plan. By proposing to essentially forget the $5 billion the state has spent= =20 so far on power they are advocating using up the state's projected budget= =20 surplus on electricity costs even if it means cutting new government=20 programs. ?????If Gov. Davis continues down this path he could bankrupt the state= =20 said Assemblyman Dennis Mountjoy (R-Monrovia). That would have a far great= er=20 impact on education. ?????Democrats who strongly believe that the surplus should be invested in= =20 roads schools and to meet other long-term future needs are unlikely to ev= er=20 support the idea. Lawmakers are already discussing outflanking the=20 Republicans by drafting a bill to repay the budget on a nonemergency basis= =20 which would only require a majority vote. ?????That however would probably delay the financing until at least Augus= t=20 since nonemergency measures do not take effect for 90 days--giving Californ= ia=20 only about six weeks to cut the largest municipal bond deal ever before sta= te=20 coffers begin to empty according to Angelides. ?????There is another potential consequence: Many of the long-term contract= s=20 the Davis administration has reached to purchase electricity contain clause= s=20 that may make them void if the state does not obtain financing by July. ?????This is a very dangerous game Angelides said. ?????In other electricity developments Thursday: ?????* Over Republican objections Democrats in the state Senate approved a= nd=20 sent to Davis a far-reaching bill that would put state government in the=20 business of operating its own power plants and selling electricity at cheap= er=20 rates than private companies. The bill SB 6x by Senate leader John Burton= =20 (D-San Francisco) would create a state power authority with the ability to= =20 finance buy own and build generation plants and sell the energy at=20 cost-based rates. ?????on likened the proposed government body to the New York Power Authorit= y=20 approved by GOP Gov. George Pataki which brought about a 10% reduction in= =20 rates. ?????The difference from the current situation is that the people of=20 California the ratepayers would benefit and not the corporate officers a= nd=20 not the shareholders of private energy companies Burton said. ?????But Republicans attacked the power authority as more government that= =20 would impose itself on an enterprise better suited for private operators wi= th=20 years of expertise. ?????This is a horrific mistake and one that California ratepayers will be= =20 paying for many years to come said state Sen. Tom McClintock (R-Thousand= =20 Oaks.) ?????* California Secretary of State Bill Jones a GOP gubernatorial hopefu= l=20 released his plan to address the electricity crisis criticizing Davis'=20 efforts as a state takeover of the power industry. ?????Jones called on the utilities' parent companies to help bail out their= =20 troubled subsidiaries and said creditors should accept lower payments on ba= ck=20 debts. He also called for creation of a state-federal emergency management= =20 plan to deal with any blackouts this summer. Jones made his three-page=20 proposal in a letter to Vice President Dick Cheney head of the Bush=20 administration's energy task force. ---=20 ?????Times staff writers Carl Ingram in Sacramento and Mark Z. Barabak in L= os=20 Angeles contributed to this story. Copyright 2001 Los Angeles Times=20 Secretary of Energy Davis Meet on U.S. Plan to Boost Conservation=20 Crisis: Federal buildings and military bases accounting for 1.5% of state'= s=20 usage will cut back.=20 By RICHARD SIMON and DAN MORAIN Times Staff Writers=20 ?????SACRAMENTO--In a visit meant to underscore the Bush administration's= =20 heightened concern about the California electricity crisis Secretary of=20 Energy Spencer Abraham met Thursday with Gov. Gray Davis in Sacramento to= =20 discuss federal energy conservation plans. ?????I think we have an approach that can result in significant savings= =20 Abraham told Davis. The energy secretary said he was in California to gaug= e=20 what we can do to add to what California is already doing. ?????The trip came after President Bush revealed plans for a series of=20 conservation measures for federal buildings and military bases nationwide.= =20 Those facilities in California account for 1.5% of the state's total energy= =20 use. Today Abraham is scheduled to meet with federal officials in San=20 Francisco to work out details of the nationwide program for more than 5000= 00=20 federal buildings. ?????After meeting with Abraham at the White House earlier Thursday Bush= =20 said: We're worried about blackouts that may occur this summer and we wan= t=20 to be a part of any solutions. This administration is deeply concerned abou= t=20 California and its citizens. ?????Defending his response to the California crisis Bush said As I said= =20 from the very beginning of my administration we'll work to help California= =20 in any way we can. ?????Also Thursday Davis met with alternative energy producers in an attem= pt=20 to persuade them to continue operations despite being owed more than $1=20 billion by California's private utilities. ?????Alternative energy producers including oil companies that generate=20 electricity as a byproduct of their operations account for about 27% of th= e=20 electricity consumed in California. Several have stopped producing after th= e=20 utilities could no long afford to pay soaring prices for their power. ?????Davis assigned S. David Freeman and former Assemblyman Richard Katz a= =20 Davis appointee to a state water board to be in charge of negotiations.=20 Davis said he hoped that the talks could be completed within a week. ?????And in a sign that major energy companies may get more involved in the= =20 California crisis Kenneth Lay CEO of the Houston-based energy giant Enron= =20 Corp. met Thursday with Davis Assembly Speaker Bob Hertzberg (D-Sherman= =20 Oaks) and Senate President Pro Tem John Burton (D-San Francisco). ?????Meanwhile Bush on Thursday directed federal agencies to take=20 appropriate actions to conserve energy use at their facilities. ?????In California such measures could include setting thermostats to 78= =20 degrees lowering lighting and turning off escalators during Stage 2 and=20 Stage 3 power emergencies administration officials said. Those occur when= =20 the state's electricity reserves fall below 5% and 1.5% respectively and= =20 can trigger interruptions in service. ?????Bush did not set an energy-saving target. But the Defense Department= =20 one of the state's single largest energy consumers--using about 1% of peak= =20 demand--pledged to reduce peak use by 10% this summer and an additional 5% = by=20 summer 2002. That would make available 200 megawatts officials said enoug= h=20 to provide electricity to about 150000 homes during the summer. ?????The federal government accounts for about 1.5% of total energy use=20 across the country making it one of the nation's largest energy consumers= =20 according to the Energy Department. ?????Bush also offered to make available to the state power-generating unit= s=20 owned by the federal government. ?????But his efforts failed to mollify Democratic critics who renewed call= s=20 for the administration to impose price controls on wholesale electricity. ?????The generating companies are gouging California consumers while the= =20 president turns his back on us Sen. Barbara Boxer (D-Calif.) said in a=20 statement. ?????Rep. Sam Farr (D-Carmel) leader of the California Democratic=20 congressional delegation sent a letter to Vice President Dick Cheney=20 protesting Democrats' exclusion from Cheney's meeting this week with=20 California GOP lawmakers. ?????As we head into the high summer demand months it is unfortunate that= =20 you have decided to keep Democrats in the dark about the administration's= =20 plans to deal with the crisis Farr said. ?????Bush's conservation initiative comes after Cheney who is heading a ta= sk=20 force on national energy policy was assailed by some critics for emphasizi= ng=20 production over conservation. ?????Conservation has got to be an integral part of making sure we've got = a=20 reasonable energy policy Bush said Thursday. But what the vice president= =20 was saying is we can't conserve our way to energy independence nor can we= =20 conserve our way to having enough energy available. We've got to do both. W= e=20 must conserve but we've also got to find new sources of energy. ?????David M. Nemtzow president of the Alliance to Save Energy called the= =20 directive an emergency answer to a long-term problem. ?????We need to fix the underlying problem by investing in energy-efficien= t=20 lighting cooling and controls he said. We hope that this crisis will=20 encourage the president to increase the budget for energy management rather= =20 than cut it by 48% as previously proposed. ?????Political analysts said the effort was driven by concerns for not only= =20 electrons but also elections. ?????It's all about political conservation said Marshall Wittmann senio= r=20 fellow at the conservative Hudson Institute. ?????Thomas E. Mann senior fellow at the nonpartisan Brookings Institution= =20 agreed: The administration has come to the view that just because they can= 't=20 win California in a presidential election doesn't mean the Republican Party= =20 can afford to kiss off the largest state in the Union. ?????Analysts speculated that the administration came under pressure from= =20 California Republicans in Congress who worried about perceptions that the= =20 White House was not being aggressive enough in responding to the crisis. ?????As federal officials search for ways that California can avoid blackou= ts=20 this summer a Woodland Hills-based advocacy group More Power to You has= =20 suggested that the Navy hook its nuclear-powered ships to the state power= =20 grid to provide energy while in port. ?????The Navy has nuclear-powered aircraft carriers and submarines in San= =20 Diego and Washington state. ?????But Navy officials said it is not technologically feasible to use the= =20 nuclear reactors aboard the ships to provide power for the grid because mos= t=20 of that power goes directly to the propulsion systems. ?????Even to capture power not used for propulsion would require extensiv= e=20 construction on shore and retrofitting aboard ship officials said. Also= =20 using ships to provide onshore power could disrupt training and deployment= =20 schedules they said. ---=20 ?????Times staff writer Tony Perry contributed to this report. Copyright 2001 Los Angeles Times=20 PG&E Seeks Relief From High-Priced Power Purchases=20 Bankruptcy: Utility asks judge to order grid operator to stop buying=20 electricity on its behalf at prices beyond its means.=20 By TIM REITERMAN Times Staff Writer=20 ?????SAN FRANCISCO--Pacific Gas & Electric Co. asked a federal bankruptcy= =20 judge Thursday to order the state's power grid operator to stop buying=20 electricity for its customers on the sky-high spot market unless the utili= ty=20 can recover the full cost. ?????The move represents PG&E's latest attempt in Bankruptcy Court to get= =20 relief from actions that the company says are driving it deeper into debt. ?????PG&E asked Judge Dennis Montali to enjoin the California Independent= =20 System Operator from making the company pay the costs of power purchased on= =20 the utility's behalf. The company said it recently received a $1-billion bi= ll=20 for such purchases in January and February. ?????By purchasing wholesale power at a cost higher than the retail rates= =20 and sending us the bill [Cal-ISO] . . . could be reducing the value of our= =20 assets by hundreds of millions of dollars a month said PG&E spokesman Ron= =20 Low. ?????In its motion the company argued that Cal-ISO is violating bankruptcy= =20 law by requiring the utility to pay more for power than it can collect from= =20 state-regulated rates frozen under California's deregulation plan. PG&E sai= d=20 Cal-ISO's actions would force the utility to seek credit on onerous terms. ?????The motion also contended Cal-ISO is violating an April 6 order by the= =20 Federal Energy Regulatory Commission that said the grid operator could only= =20 buy power on behalf of credit-worthy entities. ?????That same day PG&E sought Chapter 11 protection from creditors sayin= g=20 it was $9 billion in debt. It later filed a motion seeking to halt an=20 accounting change ordered by the California Public Utilities Commission=20 which the company says is prolonging the rate freeze and preventing it from= =20 recouping the cost of power. ?????Elena Schmid Cal-ISO's vice president of corporate and strategic=20 development said she has not seen the motion and could not fully comment. ?????But she said Cal-ISO has been discussing billings with PG&E in hopes o= f=20 determining which payments fall within the FERC ruling and which are subjec= t=20 to the bankruptcy case. ?????We will live by the FERC ruling and whatever constraints the Bankrupt= cy=20 Court places on us Schmid said. We have indicated to them (PG&E) that we= =20 are sending the bill . . . and they should treat it as information until w= e=20 can work it through. ?????PG&E listed Cal-ISO as one of its biggest creditors with $1.1 million= =20 owed for power purchased from third parties. Copyright 2001 Los Angeles Times=20 SDG&E Blackout Plan Would Pay Firms to Use Generators=20 Utilities: Program in which large customers produce their own power is=20 forecast to cut demand by as much as 50 megawatts save $1.6 billion.=20 By NANCY RIVERA BROOKS Times Staff Writer=20 ?????San Diego Gas & Electric unveiled a novel plan Thursday to pay custome= rs=20 to fire up their backup generators when blackouts threaten. ?????The utility said the program could cut demand on the power grid by 50= =20 megawatts--enough to serve about 37500 homes--allowing it to avoid or=20 minimize blackouts this summer in San Diego and southern Orange County. ?????California needs an infusion of new power supplies but in the interi= m=20 we hope this unique program will help shield San Diego from some of the=20 devastating effects of rolling blackouts this summer including the increas= ed=20 risks to public safety and health SDG&E President Debra L. Reed said. ?????The Rolling Blackout Reduction Program as the Sempra Energy subsidiar= y=20 has dubbed it would cost $15 million to implement but could save the regio= n=20 as much as $1.6 billion in lost revenue reduced productivity and property= =20 damage the utility has estimated. ?????Energy experts are forecasting a dark summer for California with=20 blackout totals ranging between 20 hours and 1100 hours. The California=20 Independent System Operator which runs the electricity transmission grid f= or=20 most of the state has said residents face 34 days of rotating outages if= =20 they use the same amount of electricity this summer as they did last summer= . ?????The state and utilities have been working feverishly to develop progra= ms=20 that will reduce electricity use this summer. ?????SDG&E Edison International's Southern California Edison and PG&E=20 Corp.'s Pacific Gas & Electric have programs that grant large customers low= er=20 electricity rates in exchange for cutting electricity use when Cal-ISO=20 declares a Stage 2 emergency as power reserves dip below 5%. But=20 participation in those programs has dropped sharply because of repeated pow= er=20 interruptions. ?????SDG&E's interruptible program represents 49 megawatts of demand hal= f=20 of what it was in October spokesman Ed Van Herik said. ?????The new SDG&E program which must be approved by the California Public= =20 Utilities Commission would kick in whenever Cal-ISO declares a Stage 3=20 emergency indicating that power reserves are down to 1.5% of demand and th= at=20 rolling blackouts are imminent. ?????SDG&E hopes to sign up 50 megawatts of backup generation representing= =20 about 40 large commercial and industrial customers but believes customers= =20 capable of generating a total of 200 megawatts may be eligible for the=20 program Van Herik said. ?????We found a lot of customers are interested in this program he said.= =20 This is an opportunity for San Diego to become involved. ?????During a Stage 3 order program participants would be asked to start= =20 their backup generators and then reduce the electricity they receive from= =20 SDG&E by the same amount. ?????Participants would be paid a monthly fee of $7 per kilowatt of=20 generation capacity. On top of that they would receive 35 cents for every= =20 kilowatt-hour of power they generate for their own use. That price is about= =20 what power plant owners have been commanding in California's pricey=20 electricity market. ?????We think the fees we are proposing are fair Van Herik said. These= =20 aren't people who are in the generation business and undoubtedly there wil= l=20 be wear and tear on equipment and increased personnel and fuel costs. ?????The program which SDG&E wants to implement by June 1 would operate i= n=20 compliance with air pollution regulations the utility said. Copyright 2001 Los Angeles Times=20 Been there done that=20 Bay Area finds little new in Bush's ideas=20 Joe Garofoli Bob Egelko Matthew Yi Chronicle Staff Writers Friday May 4 2001=20 2001 San Francisco Chronicle=20 URL: .DTL=20 Californians who have been sweating for months to cut their home energy usa= ge=20 20 percent didn't blink yesterday at President Bush's suggestion that feder= al=20 offices conserve half that much.=20 Sure some might nod off at their desks this summer when thermostats at=20 federal buildings will be set at 78 degrees during power shortages. And som= e=20 will get an aerobic workout when the escalators at those same buildings ar= e=20 turned off.=20 But civilians and federal employees alike yawned at yesterday's conservatio= n=20 suggestions such as unplug unused coffee pots after doing everything shor= t=20 of burning their shoelaces for wattage during the past few months.=20 Conservation tips are so December to any Californian worth his baseline.=20 I don't think it's frustrating to (us) because most people know what's goi= ng=20 on that we're in an energy crisis said Ansara Johnson 40 revenue offic= er=20 at the Internal Revenue Service in Oakland.=20 The Bush administration may be setting the pace in the moving-stair=20 department however. BART whose escalators don't run so great in the best = of=20 times said yesterday it is looking at operating escalators with an automat= ic=20 stop-start system to save power this summer. The escalators would be dorman= t=20 until passengers activated them.=20 It is kind of ironic considering we just spent $20 million to fix the=20 escalators BART spokesman Ron Rodriguez said.=20 Just don't turn them off during peak hours Ingrid Severson pleaded while= =20 pulling her massage chair onto an escalator at the 12th Street BART station= =20 in downtown Oakland.=20 That would suck said the 23-year-old massage therapist. There are certa= in=20 things that shouldn't be sacrificed.=20 San Francisco International Airport already is turning off escalators durin= g=20 down times though the long long moving sidewalks are going to keep going = no=20 matter what spokesman Ron Wilson said.=20 Those with customers to serve however embraced the Bush energy plan as=20 warmly as a meter-reader.=20 While federal employees will be working up a sweat this summer hiking up=20 stairs to work shoppers at Concord's Sunvalley Mall will be coolly cruisin= g=20 down the moving stairs to Victoria's Secret.=20 We have no plans to shut down our escalators said Sunvalley general=20 manager Tom McCracken. How else would people get from floor to floor?=20 FASHION VICTIMS The new guidelines could have an unintended effect. They may provoke a=20 fashion revolution among federal employees not a group traditionally known= =20 for its couture choices.=20 It's not their fault. There's only so much you can do with postal blue or= =20 judicial black. But with Bush's directive that thermostats be set at 78=20 degrees many employees said something has to change. Like their wardrobes= .=20 Start with the long-suffering post office sales associates -- the clerks=20 behind the counter -- whom government regulations have shackled in long woo= l-=20 blend pants.=20 I still have not heard a clear-cut reason why we're not allowed to wear=20 shorts and the mail carriers are said Steve Wellington a postal sales=20 associate in Concord. The former postal union leader said the=20 shorts-vs.-pants debate has been a hot one for a long time.=20 Look at these pants Wellington said offering a visitor a touch of his= =20 trousers. These get real warm in the summer.=20 While postal officials were happy to point out that their San Francisco=20 offices have used 17 percent less electricity than last year they wouldn't= =20 touch the shorts issue. I don't think we need to comment on that said=20 Horace Hinshaw a spokesman for the U.S. Postal Service.=20 JUDGES GET EXEMPTION Then there are judges. Attorneys and court employees said the bench needs t= o=20 take the lead in the casual attire revolution. Ditch those heavy black robe= s=20 in favor of say a black polo shirt.=20 Black really magnifies the heat said Napa attorney Paul Carey. They=20 should allow judges to wear lighter colors like yellow or chartreuse. If t= he=20 judges would allow it every attorney I know would love to wear a T-shirt= =20 shorts and sandals into court.=20 However there was one indication that judges may be thermostat-exempt at= =20 least at the Phillip Burton Federal Building a 20-story tower at 450 Golde= n=20 Gate Ave. in San Francisco that houses federal courts and numerous agencies= .=20 A contractor who was working yesterday to install new thermostat controls i= n=20 the building said two areas were excluded: computer rooms to protect the= =20 equipment and courtrooms.=20 That was the mandate said Erik Ahrens vice president of Syserco which= =20 has a contract for heating and vent control. Courtrooms are on separate=20 units. =20 At the Ronald V. Dellums Federal Building in downtown Oakland lights alrea= dy=20 have been dimmed in hallways and workers have been encouraged to turn off= =20 unneeded lights and computers since early this year. Cynthia Mackey 38 a= =20 revenue officer for the Internal Revenue Service wasn't happy to hear the= =20 thermostat would be going up.=20 Oh no. I guess I'll just work at home where Mackey said the thermostat = is=20 set at 68 degrees. If it's set at 78 and with all the employees and all t= he=20 computers it would be hot.=20 Then it will be time to change -- habits and clothes.=20 E-mail the reporters at [email protected] [email protected] = or=20 [email protected].=20 2001 San Francisco Chronicle ? Page?A - 1=20 Bush calls power supply the solution=20 He says conservation useful but secondary=20 Marc Sandalow Washington Bureau Chief Friday May 4 2001=20 2001 San Francisco Chronicle=20 URL: .DTL=20 Even as he ordered a new conservation effort in California President Bush= =20 insisted yesterday that finding new sources of energy -- not cutting back o= n=20 consumption -- is the long-term answer to the nation's energy woes.=20 You cannot conserve your way to energy independence Bush said. We can d= o=20 a better job in conservation but we darn sure have to do a better job of= =20 finding more supply.=20 Bush's comments his most extensive to date on California's energy crisis= =20 called on all federal managers to conserve energy to the maximum extent=20 consistent with the effective discharge of public responsibilities.=20 As part of that effort the Defense Department -- one of California's large= st=20 consumers of energy -- announced plans to curtail electrical use by at leas= t=20 10 percent by this summer.=20 This administration is deeply concerned about California and its citizens= =20 Bush said after a meeting with his top energy advisers. We're worried abou= t=20 blackouts that may occur this summer and we want to be a part of any=20 solution. =20 While touting the value of conservation Bush repeatedly identified the=20 limits to that approach. In response to questions from reporters Bush made= =20 clear that he would not be confused with former President Jimmy Carter who= =20 donned a cardigan sweater and preached the virtues of conservation two=20 decades ago.=20 It is naive for the American people and its leaders . . . to say that we c= an=20 be OK from an energy perspective by only focusing on conservation Bush=20 said. We've got to find additional supplies of energy.=20 Bush has called for oil drilling in Alaska as well as exploratory drilling= =20 in other parts of the West. Members of his administration also have touted= =20 the expanded use of coal and have floated the idea of building new nuclear= =20 power plants.=20 SUPPLY-SIDE PLAN There have been repeated signals that the comprehensive energy plan being= =20 developed by a White House task force -- which is expected to be released i= n=20 two weeks -- will focus less on conservation than on boosting energy=20 supplies.=20 Energy Secretary Spencer Abraham speaking to reporters after meeting with= =20 the president said conservation plays an important role in helping=20 California through its immediate crisis. Yet developing new sources of ener= gy=20 is important to prevent the rest of the nation from experiencing California= 's=20 shortages.=20 We have a crisis and an emergency this summer (in California) that will=20 result in 30 to 35 days of blackouts Abraham said from the White House=20 driveway. We don't have the time between now and those occasions to develo= p=20 new (energy) sources sufficient to meet the challenge.=20 By the middle of the month the White House will release a national energy= =20 plan that will be more comprehensive and more far reaching that will offer= a=20 new vision that addresses Americans long-term supply security Abraham sai= d.=20 MEETING WITH DAVIS The energy secretary traveled to Sacramento last night where he planned to= =20 meet with Gov. Gray Davis and other state officials. He is scheduled to hol= d=20 a public conservation event this morning in San Francisco and to discuss wi= th=20 federal officials how they can reduce energy consumption.=20 An action plan distributed by the Department of Energy calls for federal=20 workers across the country to develop conservation plans within the next 30= =20 days.=20 In addition it calls for specific actions during Stage 2 or Stage 3 power= =20 emergencies when supplies are within 5 percent of demand. Some experts war= n=20 that California will be in such a state for much of the summer.=20 Among the steps called for in an energy emergency are setting thermostats i= n=20 federal buildings no lower than 78 degrees turning off escalators and=20 hallway lights and unplugging coffee pots computers and any nonessential= =20 appliances.=20 The plan suggests that employees be notified when temperatures might be war= m=20 so they can wear more casual clothing to make the heat more bearable.=20 Meanwhile the Pentagon announced it will reduce its consumption during pea= k=20 demand hours by 10 percent and perhaps by as much as 15 percent by next=20 summer. It will also hook up wind generation facilities at Edwards Air Forc= e=20 Base.=20 Paul Wolfowitz deputy secretary of defense said the steps will save the= =20 state's power grid about 200 megawatts of power enough electricity for 200= =20 000 homes.=20 Energy officials have explored many options including the use of nuclear= =20 submarines to provide energy during shortages and firing up the generators = on=20 the Navy's mothball fleet in Suisun Bay near Benicia. Both ideas have been= =20 rejected as unfeasible energy officials said.=20 Democrats cheered Bush's call for conservation though several said it did= =20 not go far enough.=20 IRONIC PRAISE I am very happy the president and Secretary Abraham recognized that=20 conservation matters said Richard Sklar Gov. Davis' top energy adviser.= =20 We thank the president for catching up with the train.=20 Republican governors meeting in San Jose suggested that Davis could do more= =20 on his own and in concert with other Western states to help California ease= =20 its energy crunch.=20 It's time Montana Gov. Judy Martz argued that California met its=20 responsibility to build an adequate power supply and stop looking to=20 Washington for a bailout.=20 Others however called on Bush to go further and impose price caps on=20 wholesale electricity prices to guarantee a steady flow of electricity and= =20 keep prices down for consumers.=20 Chronicle staff writers Lynda Gledhill and Bill Workman contributed to this= =20 report. / E-mail Marc Sandalow at [email protected].=20 2001 San Francisco Chronicle ? Page?A - 1=20 SDG&E unveils plan to contend with rolling blackouts=20 Friday May 4 2001=20 2001 Associated Press=20 URL:=20 tate0 957EDT0155.DTL&type=3Dnews=20 (05-04) 06:57 PDT SAN DIEGO (AP) -- San Diego Gas & Electric has unveiled a= =20 plan that would pay customers who fire up their emergency generators when= =20 rolling blackouts loom.=20 The utility is seeking approval from the state Public Utilities Commission = to=20 place about 40 companies under contract to generate a total of 50 megawatts= =20 during statewide power alerts. The backup power would be enough to serve=20 about 37500 homes.=20 ``These businesses would actually be sharing their backup generation with t= he=20 San Diego region'' Debra Reed president of SDG&E said Thursday.=20 The Rolling Blackout Reduction Program would cost the utility an estimated= =20 $15 million to implement but could save the regions as much as $1.6 billio= n=20 in lost revenue property damage and reduced productivity caused by=20 blackouts utility officials said.=20 The California Independent System Operator which manages the transmission= =20 grid for most of the state has estimated that residents face up to 200 hou= rs=20 of blackouts over 30 to 35 days this summer due to high demand and=20 insufficient energy supplies.=20 The use of emergency generators will lead to more air pollution but Reed= =20 said the ``social benefit'' of the trade-off would be worth it because=20 residents and businesses would not have to deal with the safety risks and= =20 hazards of blackouts.=20 SDG&E officials want the Public Utilities Commission to act on its request= =20 within a week and hope to have the program in effect by June 1.=20 The program would go into effect whenever Cal-ISO declares a Stage 3=20 emergency which indicates that power reserves are down to 1.5 percent and= =20 rolling blackouts are imminent. Program participants would be asked to star= t=20 their emergency generators and then reduce the electricity they receive fro= m=20 SDG&E by the same amount.=20 Participants would be paid a monthly fee of $7 per kilowatt of generation= =20 capacity plus receive an additional 35 cents for every kilowatt-hour of=20 power generated for their own use.=20 ``We think the fees we are proposing are fair'' said SDG&E spokesman Ed Va= n=20 Herik. ``These aren't people who are in the generation business and=20 undoubtedly there will be wear and tear on equipment and increased personne= l=20 and fuel costs.''=20 2001 Associated Press ?=20 California crisis brings new talk of energy conservation.=20 DEB RIECHMANN Associated Press Writer Friday May 4 2001=20 2001 Associated Press=20 URL:=20 tate0 945EDT0153.DTL&type=3Dnews=20 (05-04) 06:45 PDT WASHINGTON (AP) -- In the 1970s energy conservation was= =20 Jimmy Carter in a cardigan telling people to bundle up and turn down the=20 heat. Today it's about using energy-efficient fluorescent bulbs=20 computerized thermostats and motion sensors.=20 To many Americans California's energy crisis is a problem isolated on the= =20 West Coast. Yet it has resurrected interest in conservation that hasn't bee= n=20 heard since gas lines and the OPEC oil embargo more than two decades ago.= =20 President Bush on Thursday ordered federal agencies to cut power use in=20 California where rolling blackouts have catapulted the debate over future= =20 energy supplies to the top of the national agenda.=20 Bush's conservation message came just days after Vice President Dick Cheney= =20 who claims the whole nation could face blackouts like those in California= =20 unless it finds more oil natural gas and coal said America cannot ``simpl= y=20 conserve or ration our way out of the situation we're in.''=20 Environmentalists maintain the Bush administration is using California's=20 electricity crisis -- largely due to a failed attempt at electricity=20 deregulation -- to push through a broader energy plan to drill for oil and= =20 natural gas in now off-limits areas of Alaska and the West. Hardly any powe= r=20 plants run on oil they note.=20 And energy-conservation groups say if everybody made better use of the ener= gy=20 already being generated America would not need many of the 1300-plus powe= r=20 plants that Bush and Cheney say demand will require over the next 20 years.= =20 Nobody will have to sit in the dark they say if it were made easier for= =20 Americans to use less energy through more fuel efficient light bulbs motor= s=20 automobiles office buildings and homes.=20 ``In today's world we are not asking people to not use their (air=20 conditioning) -- that is not today's message of conservation'' said Rozann= e=20 Weissman a spokeswoman for the Alliance to Save Energy a Washington-based= =20 nonprofit group. ``What we need to do is look at using our energy more=20 efficiently and using today's technologies to help do it for us.''=20 According to the alliance:=20 --If each household in the United States replaced four regular 100-watt bul= bs=20 with energy-efficient compact fluorescent bulbs the output of 30=20 medium-sized power plants (each with a 300-megawatt capacity) would not be= =20 needed.=20 --If the Bush administration's new efficiency standards for air conditioner= s=20 and heat pumps improved energy use by 30 percent instead of 20 percent the= =20 output of 138 of these power plants would not been needed during peak use= =20 times.=20 Americans could even unplug idle appliances -- TVs VCRs cable boxes CD= =20 players and microwaves -- when they go out of town. Some of these appliance= s=20 continue to consume energy when switched off. The power keeps display clock= s=20 lighted and memory chips and remote controls working. The alliance says the= se=20 electric leaks cost consumers more than $3 billion a year.=20 Conservation does help according to Alexandra von Meier director of the= =20 Environmental Technology Center at Sonoma State University in California. S= he=20 told a House energy subcommittee on Thursday that residential and commercia= l=20 buildings use about 35 percent of the energy -- electricity and fuels -- in= =20 the United States.=20 ``This amount of energy can be cut in half if not more by implementing th= e=20 things we already know about how to make buildings more energy efficient an= d=20 at the same time more comfortable'' she said explaining how Venetian=20 blinds hung on the outside of the technology center keeps the glass from=20 transferring heat.=20 Howard Geller former executive director of the American Council for an=20 Energy Efficient Economy told the committee about an Energy Department stu= dy=20 in November 2000 that said increasing energy efficiency throughout the=20 economy could cut national energy use by at least 10 percent by 2010 and by= =20 20 percent in 2020.=20 ``Even though the United States is much more energy-efficient today than it= =20 was 25 years ago there is still enormous potential for additional=20 cost-effective energy savings'' said Geller.=20 Associated Press reporter H. Josef Hebert contributed to this report.=20 2001 Associated Press ?=20 Developments in California's energy crisis=20 The Associated Press Friday May 4 2001=20 2001 Associated Press=20 URL:=20 tate0 410EDT0127.DTL&type=3Dnews=20 -- (05-04) 01:10 PDT Developments in California's energy crisis:=20 FRIDAY:< ?--No power stage alerts are reported as of early Friday morning. = ?THURSDAY:<=20 -- Gov. Gray Davis meets with representatives of the qualifying facilities = in=20 Sacramento to discuss their concerns and the possibility of getting their= =20 plants online during all peak periods.=20 -- The state Senate sends a bill to the governor that would create a state= =20 public power authority. Supporters say the bill will ease the energy crisis= =20 by allowing the state to build and buy power plants that could provide=20 cheaper wholesale electricity.=20 -- State Treasurer Phil Angelides says Assembly Republicans are ``holding= =20 their own state hostage'' by not approving a bill to authorize up to $12.5= =20 billion in bonds for power purchases. Republicans put their own plan forwar= d=20 Wednesday saying they'd rather use $5 billion of the state's surplus and= =20 finance less.=20 -- Energy Secretary Spencer Abraham travels to the Capitol to discuss the= =20 state's power woes with Davis. Abraham meets with state Republican leaders = in=20 San Francisco following the meeting with the governor.=20 -- The new special counsel to the Senate Select Committee to Investigate=20 Price Manipulation of the Wholesale Energy Market says ``it is likely there= =20 was some criminal activity'' in driving up electricity prices. Laurence=20 Drivon a private plaintiff's attorney from Stockton will work for the=20 committee for free spending about four days a week on the job initially. H= is=20 review of thousands of power-related documents leads him to believe there w= as=20 criminal collusion he would not elaborate.=20 -- The San Joaquin County District Attorney is joining the Senate Select=20 Committee in its power investigation. Supervising Deputy District Attorney= =20 Franklin Stephenson says three experienced investigators will help the=20 committee decide if there was illegal price-fixing antitrust violations o= r=20 theft of public funds by public or private electric generators.=20 -- Pacific Gas and Electric Co. asks a federal bankruptcy judge to stop the= =20 state's power grid manager from charging the utility for expensive=20 last-minute electricity. PG&E has applied for bankruptcy protection and say= s=20 that the ISO's bills ``could be reducing the value of the company's assets = by=20 potentially hundreds of millions of dollars per month.''=20 -- Secretary of State Bill Jones a Republican candidate for governor=20 proposes a utility rescue plan that would take the state out of the=20 electricity business. The plan calls for utility creditors to accept=20 less-than-full payments more cash flow from the utilities' parent companie= s=20 and low-interest state loans to help the utilities pay off their debts.=20 -- The California Association of Health Care Facilities says it expects the= =20 state Public Utilities Commission to exempt nursing homes from blackouts. T= he=20 group says many nursing home residents depend on electric life support=20 machines. A PUC decision is expected by May 14.=20 -- The California Immigrant Welfare Collaborative said they are worried tha= t=20 state's power purchases could threaten two assistance programs that pay for= =20 food stamps and cash benefits. The programs which help recent immigrants= =20 expire Sept. 30 unless they get renewed during budget negotiations.=20 -- The state auditor will look into the California Energy Commission's=20 process for siting new power plants and allowing defunct plants to return t= o=20 service. The audit was requested by Assemblyman Jay La Suer R-La Mesa and= =20 is expected in August.=20 -- Edison International stock closes at $9.28 down 9 cents. PG&E Corp.=20 dropped 10 cents to close at $8.86.=20 -- The state remains free of power alerts as electricity reserves stay abov= e=20 7 percent.=20 WHAT'S NEXT:< -- The governor meets Wednesday with the CEOs of several major energy=20 suppliers to discuss the money their owed by the state's two largest=20 utilities the state's creditworthiness and how wholesalers can help the=20 state during the energy crisis. Davis says he won't be discussing any of th= e=20 investigations into price manipulation in the wholesale market.=20 -- Davis' representatives continue negotiating with Sempra the parent=20 company of San Diego Gas and Electric Co. to buy the utility's transmissio= n=20 lines.=20 THE PROBLEM:< High demand high wholesale energy costs transmission glitches and a tight= =20 supply worsened by scarce hydroelectric power in the Northwest and=20 maintenance at aging California power plants are all factors in California'= s=20 electricity crisis.=20 Edison and PG&E say they've lost nearly $14 billion since June to high=20 wholesale prices the state's electricity deregulation law bars them from=20 passing on to consumers. PG&E saying it hasn't received the help it needs= =20 from regulators or state lawmakers filed for federal bankruptcy protection= =20 April 6.=20 Electricity and natural gas suppliers scared off by the two companies' poo= r=20 credit ratings are refusing to sell to them leading the state in January = to=20 start buying power for the utilities' nearly 9 million residential and=20 business customers. The state is also buying power for a third investor-own= ed=20 utility San Diego Gas & Electric which is in better financial shape than= =20 much larger Edison and PG&E but also struggling with high wholesale power= =20 costs.=20 The Public Utilities Commission has raised rates as much as 46 percent to= =20 help finance the state's multibillion-dollar power buys.=20 2001 Associated Press ?=20 Energy at a glance=20 Friday May 4 2001=20 2001 San Francisco Chronicle=20 URL:=20 /04/M N225908.DTL&type=3Dnews=20 In other energy-related developments yesterday:=20 STATE POWER AUTHORITY On a partisan vote the Legislature sent Gov. Davis a bill creating a state= =20 public power authority that can sell as much as $5 billion in bonds to buil= d=20 or buy power plants beef up conservation and renewable energy programs and= =20 retrofit older plants to make them less polluting. Davis is expected to sig= n=20 the bill by state Senate President Pro Tem John Burton D-San Francisco ne= xt=20 week.=20 STATE SENATE INVESTIGATION A special Senate committee investigating allegations of antitrust violation= s=20 and price-fixing by electricity generators announced that Larry Drivon a= =20 Stockton trial lawyer would serve as the committee's general counsel. Driv= on=20 said that from documents he has seen there is some indication there very= =20 well may have been criminal aspects to this.=20 PG&E COMPLAINTS PG&E usually the target of complaints about electricity bills made its ow= n=20 gripe about high bills to a federal bankruptcy judge yesterday. PG&E said t= he=20 California Independent System Operator which manages the state's power gri= d=20 charged the utility nearly $1 billion for power that the ISO bought above= =20 retail prices in January and February and reduced the assets available in= =20 bankruptcy. The company asked the judge to tell the ISO to back off. ISO=20 spokeswoman Lorie O'Donnelly said her agency has stopped buying power for= =20 PG&E -- a task now handled by the state -- and will await the outcome of th= e=20 bankruptcy proceedings to see how much of its bill it can collect.=20 ALTERNATIVE ENERGY Gov. Davis met with producers of alternative energy such as solar panels a= nd=20 wind farms a third of whom have shuttered their operations because the=20 utilities they have contracts with have paid them pennies on the dollar sin= ce=20 November. The generators going offline have contributed to recent rolling= =20 blackouts. Davis said the meeting's purpose was to resolve any remaining=20 disputes between the energy producers and the utilities so more electricity= =20 can be produced this summer. The participants said they made progress and= =20 agreed to meet again next week.=20 2001 San Francisco Chronicle ? Page?A - 17=20 Ships would help during blackouts=20 Ready reserve fleet has power to provide=20 Carl Nolte Chronicle Staff Writer Friday May 4 2001=20 2001 San Francisco Chronicle=20 URL:=20 /04/M N182291.DTL&type=3Dnews=20 San Francisco -- A fleet of 13 gray government cargo ships tied up on the S= an=20 Francisco waterfront and at Alameda is ready and able to provide emergency= =20 electric power if rolling blackouts hit this summer.=20 We'd be more than willing to help said Capt. Frank Johnston Western=20 region administrator for the U.S. Maritime Administration which manages th= e=20 ships. The vessels are part of the country's ready reserve fleet have crew= s=20 aboard 24 hours a day and are prepared to sail anywhere in the world on fiv= e=20 days' notice.=20 The offer comes a day after the Bush administration suggested using ships i= n=20 the so-called mothball fleet in Suisun Bay near Benicia to provide power.= =20 However the officer in charge of the old ships there said yesterday he=20 thought his vessels could not make much of a contribution.=20 Nobody has contacted us about that said Joseph Pecoraro superintendent = of=20 the reserve fleet.=20 Unlike the ready reserve ships the mothball vessels are neither modern nor= =20 set to sail anytime soon.=20 Pecoraro said the equipment on most of the ships has not been used in years= .=20 To use them to supply civilian power he said is not real simple.=20 It's feasible he said but probably not practical.=20 On the other hand using the ready reserve ships also has some drawbacks --= =20 crewing the ships paying for fuel and more seriously the amount of=20 pollution produced by running the ship's diesel generators.=20 Johnston said the ships meet Environmental Protection Agency standards but= =20 some environmental activists have grave misgivings. Nothing could be a=20 bigger disaster for air quality said Russell Long executive director of= =20 the Bluewater Network in San Francisco which has been highly critical of a= ir=20 pollution caused by marine engines. These are very highly polluting engine= s.=20 They produce a hundred times more pollution per kilowatt hour than modern= =20 generators he said.=20 Long says EPA standards for ships are pathetic.=20 Ships are the worst polluters on the planet.=20 Several of the ready reserve ships are in highly visible berths in San=20 Francisco. One of them the cargo ship Cape Henry is at Pier 27 at the foo= t=20 of Telegraph Hill and another the Cape Orlando is at Pier 50 on the=20 southern waterfront not far from Pacific Bell Park. The ship is visible fr= om=20 the stands and is a kind of floating backdrop to the right-field wall.=20 Nine of the ships are tied up at the former Alameda Naval Air Station but= =20 any or all of them could be easily moved.=20 The ships have civilian crews but are often confused with Navy ships becau= se=20 they are painted battleship gray. They are intended for use in time of=20 international crisis or other incident.=20 All of them have the capacity to generate electricity. Johnston said he was= =20 not sure exactly how much power his ships could supply but it would be=20 enough for emergency services.=20 We could supply fire stations or police stations or hospitals or the 91= 1=20 network he said. There are all kinds of possibilities and we are more th= an=20 willing to consider any proposal Johnston said.=20 It is better to plan now than to wait until the power goes out and then wo= rk=20 by flashlight he said.=20 Johnston said he did not have the authority to conclude an agreement with= =20 local officials himself but he would be glad to run a plan up the flagpol= e=20 in Washington.=20 Power from ships has been used in the past in emergency situations. Many=20 years ago said Capt. Patrick Moloney executive director of the California= =20 Pilot Commission power from the aircraft carrier Saratoga was used to supp= ly=20 the city of Tacoma Wa. during an emergency.=20 However he said because of the complexity of connecting ship's power with= =20 the civilian grid such applications are rare. It is a nice idea he said= =20 but ships are not configured for it.=20 E-mail Carl Nolte at [email protected].=20 2001 San Francisco Chronicle ? Page?A - 19=20 PG&E chairman wants to keep power lines=20 David Lazarus Chronicle Staff Writer Friday May 4 2001=20 2001 San Francisco Chronicle=20 URL:=20 /04/B U162707.DTL&type=3Dnews=20 Pacific Gas and Electric Co. may be more amenable to selling off its dams= =20 rather than its power lines if required to part with assets as part of the= =20 utility's bankruptcy proceedings PG&E Chairman Robert Glynn said yesterday= .=20 In a meeting with Chronicle editors and writers Glynn stressed that he sti= ll=20 hopes to get through the bankruptcy process without selling any of PG&E's= =20 resources to pay off creditors.=20 But if there is an asset to be sold it's not clear that the power lines i= s=20 it he said. Our hydro assets actually have a higher value.=20 Glynn's comments may signal challenges down the road for Gov. Gray Davis'= =20 efforts to acquire the transmission systems of all three of California's=20 investor-owned utilities.=20 Southern California Edison already has agreed to sell its lines to the stat= e=20 for $2.7 billion. A similar accord is expected to be reached with San Diego= =20 Gas & Electric.=20 However critics have said Davis would be purchasing a white elephant if he= =20 manages to buy only about a third of the statewide electricity grid. Withou= t=20 PG&E's lines the Edison and San Diego systems would be of lesser value.=20 Glynn noted that he had tentatively agreed to sell off PG&E's power lines f= or=20 an undisclosed sum before the utility's negotiations with the state collaps= ed=20 in March.=20 But I've said pretty clearly that I don't want to sell off any part of our= =20 business he said.=20 Glynn defended his decision to file for bankruptcy by saying it was the mos= t=20 efficient way to restore cash-strapped PG&E to credit-worthiness. The utili= ty=20 has racked up about $9 billion in debt because of runaway wholesale power= =20 prices.=20 The company's got to be able to pay its bills Glynn said. We expect to= =20 pay all of our valid debts.=20 He said PG&E will submit a proposed reorganization plan to the bankruptcy= =20 court in San Francisco by early August. That plan may include aspects of th= e=20 bailout accord reached between Davis and Edison.=20 If an element of it makes sense for us we would be comfortable including= =20 it Glynn said.=20 He said it appears likely that an average 40 percent rate increase already= =20 approved by state regulators will cover current energy purchases and that n= o=20 further rate hikes may be required.=20 Under this plan the current average monthly PG&E electricity bill of $60= =20 will rise by about $18.=20 However Glynn said the need for higher power bills will not be clear until= =20 the Public Utilities Commission decides how it will divide existing rates= =20 between PG&E and the state Department of Water Resources which is spending= =20 about $50 million a day to keep California's lights on.=20 If the state wants to take all the money then a solution does not exist= =20 he said.=20 Glynn said that despite recent progress in getting Californians to conserve= =20 energy he believes the only way the state will solve its long-term power= =20 woes will be to build more generating facilities.=20 It is my personal belief that it's not possible to conserve our way back t= o=20 a stable supply-and-demand balance he said. We've got to get back to the= =20 point where we have enough supply to meet demand every day of the year.=20 E-mail David Lazarus at [email protected].=20 2001 San Francisco Chronicle ? Page?B - 1=20 Bush shifts policy on conservation after meeting with GOP=20 Posted at 10:06 p.m. PDT Thursday May 3 2001=20 BY JIM PUZZANGHERA=20 Mercury News Washington Bureau=20 WASHINGTON -- On Monday Vice President Dick Cheney used a major speech to= =20 largely dismiss energy conservation as an outdated notion from the 1970s. O= n=20 Thursday President George W. Bush announced a major initiative to force=20 federal facilities in California and nationwide to conserve energy to try t= o=20 avoid blackouts.=20 What happened in those three days?=20 The impetus for the shift appears to have been a one-hour meeting Tuesday= =20 between Cheney and 18 Republican members of Congress from California on=20 Capitol Hill.=20 An energy conservation plan for federal agencies was brought up by=20 congressional Republicans according to two participants. And the political= =20 ramifications on the party of appearing to do nothing to ease the crisis we= re=20 discussed . No Democrats were invited even though they outnumber Republica= ns=20 in the state's congressional delegation 32 to 20 and the meeting was suppos= ed=20 to look at federal help for the California crisis.=20 Some California Republicans have been griping that the White House has not= =20 been showing enough concern for the state as it continues to struggle throu= gh=20 its energy crisis. Bush who lost California by 1.3 million votes in=20 November and top members of his administration have consistently stressed= =20 that the crisis is largely California's to solve.=20 ``I think there was a need for the administration to begin to weigh in on= =20 this thing especially because there's been so much finger-pointing. Democra= ts=20 have been trying to divert the real blame away from'' Gov. Gray Davis said= =20 Rep. George Radanovich R-Fresno who attended the meeting. ``I mentioned t= o=20 the vice president that politically speaking we don't want that to happen. = We=20 want the blame to rest where it deserves to rest with the governor. And th= ey=20 need to be concerned about that for politics in California.''=20 Damage control=20 Democrats like Rep. Sam Farr D-Salinas said Thursday it's obvious the=20 White House got the message and the conservation plan is an attempt at dama= ge=20 control.=20 The president is ``worried the blackouts may be known as the `Bush Blackout= s'=20 and he wants them to be known as the `Davis Blackouts'? '' said Farr head= =20 of the state's Democratic congressional delegation. He wrote to Cheney on= =20 Thursday expressing ``extreme disappointment'' that the vice president had= =20 excluded Democrats from the Tuesday meeting. Despite several requests Farr= =20 and his Democratic colleagues have yet to meet with Cheney or any other top= =20 administration officials on the issue.=20 Bush on Thursday denied there was any change in policy.=20 ``What the vice president and I understand is that you cannot conserve your= =20 way to energy independence'' Bush said Thursday after meeting with Energy= =20 Secretary Spencer Abraham and Deputy Defense Secretary Paul Wolfowitz. ``We= =20 can do a better job in conservation but we darn sure have to do a better j= ob=20 of finding more supply.''=20 A task force headed by Cheney is finalizing a national energy plan that is= =20 expected to put is major emphasis on increasing supply through more drillin= g=20 for oil and natural gas and greater use of coal and nuclear power.=20 Bush emphasized that ``this administration is deeply concerned about=20 California and its citizens'' as he instructed federal agencies to reduce= =20 their energy usage during Stage 2 or 3 power emergencies in California. The= =20 directive will extend to other states that find themselves facing blackouts= =20 this summer such as those in the Pacific Northwest and the Northeast.=20 Steps to conserve=20 Among the measures administration officials said will be turning up=20 thermostats to 78 degrees darkening interior hallways and pre-cooling=20 buildings at night. Wolfowitz said the Defense Department expected to reduc= e=20 its usage in California by 10 percent over last year and plans to hook up a= n=20 idle wind-powered generating facility at Edwards Air Force Base. All told= =20 the Defense Department hopes to make about 200 megawatts of power available= =20 to the state this summer through reduced usage and added generation.=20 The presidential directive follows one issued by former President Clinton= =20 late last year to federal facilities in California and the Pacific Northwes= t=20 to conserve energy. The Bush administration said its move was more extensiv= e=20 because it directs all facilities nationwide to conserve and requires=20 agencies to report back their actions within 30 days.=20 Rep. Dana Rohrabacher R-Huntington Beach said he and others at Tuesday's= =20 meeting urged that Bush travel to California. Bush has yet to visit the sta= te=20 despite traveling extensively through the country during his first three=20 months.=20 ``We suggested the president come out the vice president come out and any= =20 members of the administration come out so that the people know we're=20 engaged'' Rohrabacher said.=20 California clearly was the main impetus for the Bush directive and the=20 president dispatched Abraham to California on Thursday to discuss the plan= =20 with Davis and the regional heads of federal agencies. Dan Schnur a=20 Republican consultant said that was a good move for the White House.=20 ``Substantively the Bush administration has been doing the right things b= ut=20 because they haven't been out here making their case in person it makes it= =20 much tougher for their case to be heard.'' Schnur said. ``After the=20 Northridge earthquake Clinton had half his Cabinet out here. None of them= =20 had anything official to do but you couldn't turn around without seeing on= e=20 of them on local television talking about Clinton's commitment to rebuildin= g=20 after the earthquake.''=20 Abraham said the White House has responded to nearly every request the stat= e=20 made regarding the electricity crisis. But the administration has not=20 delivered the regionwide caps on electricity prices officials from Californ= ia=20 and the Pacific Northwest have pressed for.=20 The administration even looked into bringing nuclear submarines or aircraft= =20 carriers to the California coast and hooking up their generators to the=20 state's electricity grid. The idea was scrapped after federal officials=20 realized only a small amount of power could be supplied and that safety=20 issues could not be overcome Abraham said.=20 Contact Jim Puzzanghera at (202) 383-6043 or at [email protected]= om Senate plans public power=20 Published Friday May 4 2001 in the San Jose Mercury News=20 BY AUDREY COOPER=20 Associated Press=20 SACRAMENTO -- California is poised to enter the power business after the=20 state Senate on Thursday approved creation of a public power authority and= =20 sent its bill to Gov. Gray Davis.=20 A power authority supporters said will give the state more control over i= ts=20 wholesale electricity market by building and operating its own power plants= .=20 State-owned plants could charge lower prices and building new plants could= =20 increase supply and ease wholesale prices.=20 If signed by Davis the bill would create a California Consumer Power and= =20 Conservation Financing Authority that could issue up to $5 billion in reven= ue=20 bonds to pay for power plants natural gas storage and additional pipelines= =20 and conservation programs.=20 Also Thursday state Treasurer Phil Angelides blasted a Republican plan to= =20 use $5 billion of the state's surplus toward buying power rather than=20 financing the entire amount with $12.5 billion in bonds.=20 Lawmakers ``are playing a dangerous game of financial roulette putting in= =20 jeopardy the state's fiscal integrity and solvency'' Angelides said.=20 Angelides has been pushing the Legislature to pass a bill that spells out a= =20 limit on the bonds by May 8. The bonds must be approved by then so the stat= e=20 can get a bridge loan to replenish the state's general fund until the bonds= =20 are sold.=20 In a letter to Assembly Speaker Robert Hertzberg late Wednesday the=20 Republicans laid out an alternative plan. The bonds are to repay the state= =20 for $5 billion in power purchased since January for customers of Pacific Ga= s=20 & Electric Co. Southern California Edison and San Diego Gas & Electric. Th= e=20 remainder of the bond issue would pay for future power for those customers.= =20 Assembly Republican Leader Dave Cox Sacramento said taxpayers have the=20 surplus funds and should use that to get out of the crisis rather than=20 financing the total bill.=20 ``There's no need for the bridge loan'' Cox said. ``This is about fiscal= =20 responsibility not borrowing money you don't have to borrow. The state of= =20 California needs to tighten its belt just like California ratepayers and= =20 taxpayers had to.''=20 Davis has not decided whether to sign the power authority bill the spokesm= an=20 said. But Davis has said he supports creating an authority similar to one i= n=20 New York. The New York authority has 10 power plants and 1400 miles of=20 transmission lines and produces about 25 percent of the state's power.=20 The 24-14 vote on the bill was split down party lines. ALL CAPS HED=20 Published Friday May 4 2001 in the San Jose Mercury News=20 Developments Thursday in California's energy crisis:=20 The state Senate sends a bill to the governor that would create a state=20 public power authority to build and buy power plants.=20 Secretary of State Bill Jones a Republican candidate for governor propose= s=20 a utility rescue plan that would take the state out of the electricity=20 business.=20 State Treasurer Phil Angelides says Assembly Republicans are ``holding thei= r=20 own state hostage'' by not approving a bond-authorization bill for power=20 purchases.=20 Energy Secretary Spencer Abraham meets in the Capitol with Gov. Gray Davis. Source:?Associated Press=20 Energy notebook=20 Vote delayed on $12 billion state bond for power.=20 May 4 2001=20 SACRAMENTO - California lawmakers delayed voting on a $12 billion bond sale= =20 for power purchases after Republicans proposed to reduce the size of the sa= le=20 and use part of the state's surplus to cut electric rates.=20 Assembly Republican leader Dave Cox of Sacramento proposed reducing the bon= d=20 sale to $8 billion and using $5 billion of California's budget surplus to c= ut=20 rates for consumers.=20 California began buying power for its cash-strapped utilities this year and= =20 has spent $5.6 billion so far. The state expects to spend about $15.1 billi= on=20 on power this year according to a report released this week by Gov. Gray= =20 Davis.=20 Lawyer hired to probe possible price-gouging=20 SACRAMENTO - A lawyer who won big verdicts against Ford Motor Co. and the= =20 Roman Catholic Church was appointed Wednesday to lead a state Senate=20 investigation into possible price-gouging and antitrust violations by=20 electricity producers.=20 Laurence Drivon a Stockton lawyer has taken a temporary leave from his=20 practice and will work in the office of Sen. Joe Dunn D-Santa Ana.=20 Dunn chairs the committee that is looking into why California's energy pric= es=20 have skyrocketed what legislative action must be taken to remedy the=20 problem and whether there is any proof of criminal misconduct on the part = of=20 the power producers.=20 Drivon is credited as co-counsel for $295 million verdict in a 1999 case=20 against Ford for a rollover accident that killed three passengers in a 1978= =20 Bronco. Drivon also won a $30 million verdict against the Roman Catholic=20 Diocese of Stockton in 1998 after he showed the church knew a parish priest= =20 had molested two children but failed to intervene.=20 Dunn also announced the formation of a statewide coalition of district=20 attorneys to look into the allegations.=20 PG&E wants ISO to cease trying to bill it for power=20 SAN FRANCISCO - Pacific Gas & Electric Co. has asked a federal bankruptcy= =20 judge to stop the state's power grid manager from charging the utility for= =20 expensive last-minute electricity it has bought.=20 California's largest utility filed the motion Thursday asking that the=20 Independent System Operator comply with bankruptcy law ... and stop billin= g=20 the utility for wholesale power purchased.=20 The utility is barred from repaying debts incurred before its bankruptcy=20 filing without permission from U.S. Bankruptcy Judge Dennis Montali. PG&E= =20 also wants to stop paying the bill for any future ISO buys on its behalf.= =20 Jones floats plan to try to rescue utilities state=20 SACRAMENTO - Saying power purchases will drive California deeply into debt= =20 Secretary of State Bill Jones proposed a utility rescue plan Thursday that= =20 would take the state out of the electricity business.=20 The state of California must get out of the power business immediately to= =20 avoid mortgaging our children's future said Jones a Republican candidate= =20 for governor.=20 If the governor doesn't change course it will take decades for California= 's=20 budget and economy to recover.=20 Jones' four-part plan calls for:=20 Utility creditors to accept less than full payment in exchange for immediat= e=20 partial compensation.=20 A significant infusion of cash from the utilities' parent companies to he= lp=20 pay off the debts.=20 The utilities to accept less than full payment for money they owe themselve= s=20 for power they generated and sold to themselves at high prices through the= =20 state power pool.=20 The state would make low-interest loans to the utilities to cover the rest = of=20 their debts.=20 Instead of the state buying the utilities' transmission lines as Davis has= =20 proposed the utilities would retain them as loan collateral.=20 PG&E suit for $10 billion from ratepayers dismissed=20 SAN FRANCISCO - A federal judge has dismissed as premature a lawsuit filed= =20 against the state's Public Utilities Commission by California's largest=20 utility Pacific Gas & Electric Co. that sought $10 billion from Californi= a=20 ratepayers.=20 PG&E had asked the U.S. District Court in Los Angeles to overrule PUC=20 decisions that the utility was not entitled to the money which the utility= =20 spent buying electricity on the increasingly expensive wholesale market.=20 District Judge Ronald S.W. Lew dismissed the suit Wednesday saying PG&E's= =20 claims are not yet ripe for review. He said PG&E may refile once the=20 commission's interim orders become final and a PG&E statement afterwards= =20 said that allows us to continue to pursue the merits of the case.=20 State weighed connecting power grid to nuclear ships=20 SAN DIEGO - California officials considered tapping nuclear-powered warship= s=20 to supplement power during peak demand this summer but dropped the idea=20 after deciding it wasn't worth the effort Pentagon officials said Thursday= .=20 Linking nuclear-powered submarines and aircraft carriers to the state power= =20 grid is possible but would yield little electricity for the extensive=20 modifications that would be required Pentagon spokesman Rear Adm. Craig=20 Quigley said.=20 It would not be much of an advantage ... to go through that engineering= =20 Quigley said.=20 Davis to ask generators for profit concessions=20 SACRAMENTO - Gov. Gray Davis asked the chief executives of the largest U.S.= =20 energy producers and traders to meet with him next week when he will ask= =20 them to forgo some profit from selling power in the state.=20 The meeting is set for Wednesday in Sacramento.=20 The Associated Press Bloomberg News and Register staff writer Kimberly Kin= dy=20 contributed to this report.=20 U.S. conservation order called Bush's best effort=20 The energy chief says there's not enough time for other action.=20 May 4 2001=20 By DENA BUNIS The Orange County Register=20 WASHINGTON - President George W. Bush's order that federal agencies conserv= e=20 every megawatt they can is the best way he can help California live through= a=20 hot summer of expected blackouts the nation's energy chief said Thursday.= =20 We have a crisis and an emergency this summer that could result in 30 to 3= 5=20 days of some form of blackouts taking place in California'' Energy Secreta= ry=20 Spencer Abraham said after a White House meeting of the president's energy= =20 team. We don't have time between now and those occasions to develop new-= =20 generation sources sufficient to meet that challenge.''=20 Bush's order directs all agencies to report to Abraham within 30 days on=20 their plans for conserving power during peak demand and particularly in=20 California during electricity emergencies.=20 We're worried about blackouts that may occur this summer'' Bush said afte= r=20 his meeting. And we want to be a part of any solutions.=20 When California reaches a Stage 2 emergency which means electricity reserv= es=20 fall below 5 percent federal facilities will implement a conservation plan= =20 that includes setting thermostats at 78 degrees. Other measures under=20 consideration include installing more efficient lighting closing off=20 unneeded space and doing some work at off-peak times.=20 Off the table Abraham said were suggestions that the federal government= =20 transfer power to the state from nuclear submarines or aircraft carriers.= =20 They would yield little power and the potential for safety problems was=20 great.=20 Federal power usage amounts to a little less than 2 percent of California's= =20 electricity needs. About 1 percent of that is at military installations.=20 Deputy Defense Secretary Paul Wolfowitz said his department's goal is a 10= =20 percent reduction in electricity use this summer and an additional 5 percen= t=20 by next summer.=20 We are going to do our part to try to mitigate the energy shortage through= a=20 combination of conservation power generation an investment in energy=20 efficient methods'' Wolfowitz said.=20 Abraham said there is no firm figure for nonmilitary conservation.=20 He flew to California on Thursday afternoon another effort to blunt=20 criticism of the administration's inaction during the crisis.=20 He met with Gov. Gray Davis and was to meet today in San Francisco with=20 federal officials to talk about the conservation plan.=20 Davis on Wednesday had criticized the impending order as not enough. The=20 state has cut usage by 20 percent.=20 Every time we take an action there's someone somewhere who says we should = do=20 something different'' Abraham said. We think this is the most constructiv= e=20 action we can take in this time.''=20 And while Sen. Dianne Feinstein D-Calif. said of the president's action= =20 that every little bit helps'' she and other Western senators Thursday=20 continued to criticize federal regulators for not going further to curb=20 prices.=20 This is unsustainable politically for this administration for this=20 Congress said Republican Sen. Gordon Smith of Oregon. Smith and Feinstein= =20 have authored a bill to allow much deeper price controls than those approve= d=20 by the Federal Energy Regulatory Commission last week.=20 On the long-range front Bush met with Mexican President Vicente Fox on=20 Thursday. They talked generally about the U.S. importing energy from Mexico= =20 and Canada countries with large oil and gas reserves. [B] POWER UPDATE/ Bush directs feds to save energy in California (BridgeNews) May 3 1952 GMT/1552 ET TOP STORIES: Bush directs federal government to save energy in California Washington May 3 (AP) - President Bush on Thursday ordered all federal agencies in California to cut power use saying we want to be a part of a= ny solutions to an energy crunch that could cripple the largest state. ( Story .19646 ) Air emissions exemptions in House energy bill criticized Santa Fe N.M. May 3 (BridgeNews) - Legislation to temporarily exempt new power plants from air emissions limits isn't needed because state and feder= al regulations are flexible enough to allow for maximum output Michael Kenney= =20 an executive of the California Air Resources Board said Thursday testifying before a U.S. House Energy and Air Quality subcommittee. Others argued provisions of the bill allowing businesses to generate and sell their own= =20 power are harmful to the environment and unfair to certain consumers. ( Story .19200 ) Pacificorp calls for region-wide US West power price cap Santa Fe N.M. May 3 (BridgeNews) - Pacificorp wants region-wide price caps in U.S. western power markets with all market participants under the s= ame price mitigation rules a company representative told a U.S. House energy subcommittee Thursday. The company is one of the few investor-owned utiliti= es outside of California to adopt such a position. ( Story .18379 ) Repeats: Duke Energy: Will pay to end Calif. power price probe Santa Fe N.M. May 2 (BridgeNews) - Duke Energy North America said Wednesday it will build new generation in California sell power on a=20 long-term basis forgive some unpaid bills by state utilities and repay alleged overcharges for wholesale power if all investigations into alleged price-gouging by state and federal authorities are resolved at the same tim= e. Duke admitted no wrongdoing. ( Story .16332 ) OF INTEREST: --AMERICAS-- US Northeast real-time power prices high on warm weather Toms River N.J. May 3 (BridgeNews) - Real time power prices in the Northeast U.S. were relatively strong early Thursday as above-normal temperatures swept through the region. However most daily prices slipped a= s lower temperatures are forecast to move in on Friday. ( Story .17034 ) Calif. Gov. Davis says 50 Mw power plant licensed for summer New York May 3 (BridgeNews) - California Governor Gray Davis announced Wednesday the licensing on a 50 Mw King City power project. This makes the fifth summer reliability power plant that has been permitted under the California Energy Commission's expedited emergency review process. ( Story .18775 ) FOCUS: Natgas distributors ready for possible summer price spike New York May 3 (BridgeNews) - Local distribution companies (LDCs) do not plan to get caught short if warmer temperatures drive up the price of natur= al gas this summer. LDCs say they are ready for the possibility and are using various strategies including hedging gas costs and entering into long-term supply pacts to avoid having to buy in an extremely volatile spot market. ( Story .18313 ) Fund companies see US energy policy benefiting power sector New York May 3 (BridgeNews) - As the U.S. flirts with an energy shortage and dramatic fuel and power price hikes mutual funds are salivating over t= he prospects for companies like Duke Energy Corp. Calpine Corp. and Dynegy I= nc. Alternative energy companies like Capstone Turbine Corp. and Ballard Power Systems Inc. however are being left out in the cold as federal energy pol= icy has shifted from emphasizing conservation to feeding supply. ( Story .15998 ) FULL: Allegheny Energy unit closes buy of Midwest gas-fired oprs New York May 3 (BridgeNews) - Allegheny Energy Inc.'s Allegheny Energy Supply Co. LLC unit completed the acquisition of 1710 megawatts of natural gas-fired merchant generating capacity in three Midwest states from Enron Corp.'s Enron North America. --Rajesh S. Kurup BridgeNews ( Story .17696 ) US Press: Bush to order energy conservation at Calif. govt buildings New York May 3 (BridgeNews) - President George Bush is expected Thursday to order federal office buildings in California to conserve energy this sum= mer as a way of helping to address the state's power crises and deflect critici= sm that the administration's energy policy is focusing solely on increased production the New York Times reported Thursday. ( Story .16906 ) --EUROPE-- Nuclear reactor shut down in central Russia due to minor glitch Moscow May 3 (BridgeNews) - A nuclear reactor was automatically shut down Thursday at the Balakovo nuclear power plant in Central Russia due to a min= or glitch in its electricity system state utility Rosenergoatom said. The electricity fault presented no threat to the plant's safe operation and the radiation level at the site remained normal Rosenergoatom added. ( Story .12186 ) Shell Q1 adj profits up 23% at $3.855 bln beating forecasts London May 3 (BridgeNews) - Royal Dutch/Shell on Thursday reported adjusted earnings on a current cost of supplies (CCS) basis for the first quarter of 2001 of $3.86 billion up 23% from $3.13 billion for the same quarter last year. Net income for the quarter was $3.89 billion up 17% fro= m $3.34 billion in the three months of 2000 the company said. The figures we= re above the top end of analysts' forecasts which had pointed to adjusted CCS earnings of between $3.1-3.6 billion. ( Story .12297 ) FOCUS: Scottish Power rides west U.S. crisis no clues on S. Water London May 3 (BridgeNews) - Scottish Power is focussing on consolidating its position in the U.S. since its purchase of Pacificorp and amid the ongo= ing power crisis in the Western U.S. chief executive Ian Russell told reporter= s=20 at a conference Thursday. Russell said that Scottish Power had not yet made a decision on the future of Southern Water and would not be drawn into speculation over the likelihood of a sale to Italy's Enel. ( Story .16660 ) --ASIA/PACIFIC-- Taiwan to accept bids for new power plants around May-end Taipei May 3 (BridgeNews) - Taiwan authorities plans to open a new round of bidding around the end of May for independent power producers (IPPs) to generate a total of 4200 megawatts (MW) of electricity commencing in 2007-2009 an official at the Energy Commission under the Ministry of Econo= mic Affairs (MOEA) said Thursday. The invitation for IPP projects will be the fourth of its kind. ( Story .10571 ) SPOT NEWS LINKS: THE MARKETS: US FUTURES: UK FUTURES .1908 NY Natural Gas Pre-Opg .1795 IPE Nat Gas Review .1906 NY Natural Gas Review .1794 IPE Nat Gas Midday .1747 NY Natural Gas US/CANADA CASH NATURAL GAS UK/EUROPE CASH NATURAL GAS .1894 Henry Hub natural gas .1807 UK Spot Gas .1884 US/Canada Spot Natural Gas US CASH ELECTRICITY UK/EUROPE CASH ELECTRICITY .8575 California PX: Next day .1892 UK Power Index 0.0 .8576 .8577 WSCC Forwards (AM/PM) .1889 Nordic Power Market .8585 .8586 PJM Forwards (AM/PM) .1890 Spanish Power Market .8593 .8594 Cinergy Forwards (AM/PM) .1844 UK EFA Power Market .8597 .8598 Entergy Forwards (AM/PM) CANADA CASH ELECTRICITY .8601 .8602 ERCOT Forwards (AM/PM) .5637 Canadian Power Market .8603 New England Forwards .8587 .8600 TVA Forwards (AM/PM) OTHER .1873 US Nuclear Plants Operating Status .2029 BRIDGE CALENDAR: US POWER: Key events to watch .2030 US Utility Deregulation Digest .1704 US Utility M&A Digest SYMBOL LINKS: Click below for adamb chart in Athena NATURAL GAS NYMEX - IPE - NYMEX ELECTRICITY Palo Verde electricity - COB electricity- Cinergy electricity - Entergy electricity - PJM electricity - BridgeNews Send comments to [email protected] Judge Dismisses $10B PG&E Suit By KAREN GAUDETTE Associated Press Writer SAN FRANCISCO (AP) via NewsEdge Corporation - A federal judge has dismissed a lawsuit filed against the California Public Utilities Commission by the state's largest utility which sought $10 billion from ratepayers. PG&E had asked the U.S. District Court in Los Angeles to overrule PUC decisions that the utility was not entitled to the money which the utility spent buying electricity on the increasingly expensive wholesale market. In dismissing the lawsuit Wednesday Judge Ronald S.W. Lew said ``PG&E's claims are not yet ripe for review'' meaning the case wasn't ready for trial. Steve Maviglio spokesman for Gov. Gray Davis declared the decision a win for California ratepayers. ``PG&E was banking on winning this case and using it as one of their excuses for not negotiating with the governor. It appears at least for now they failed'' Maviglio said. But because the case was dismissed on procedural grounds rather than merit PG&E said the door was left open for the utility to refile its action once the commission makes final its interim orders on PG&E's requested rate increase. ``The court determined that our lawsuit was premature because the CPUC had not yet finalized its various decisions on PG&E's request for recovery of its costs to purchase wholesale power'' PG&E said in a statement. ``Today's action allows us to continue to pursue the merits of the case on a timely basis.'' A similar federal case filed by Southern California Edison is on hold said company spokeswoman Clara Potes-Fellow. Edison the state's second-largest utility would drop that case as part of a rescue plan negotiated by Davis which also includes the state buying the utility's transmission lines for $2.7 billion. Since last June the two utilities say they have lost more than $14 billion. California's 1996 deregulation law froze electricity prices for customers of the state's three investor-owned utilities. When prices rose to record levels over the past year PG&E was unable to recoup the higher costs from its customers' bills. The undercollection along with a failed deal to sell its transmission lines to the state drove PG&E to file for federal Chapter 11 bankruptcy protection on April 6 the company argued. On Wednesday the parent company PG&E Corp. reported a first-quarter loss of $951 million or $2.62 per share. The first-quarter loss follows a fourth-quarter loss of $4.1 billion that also stemmed from continuing costs in California's power crisis. Bankruptcy Update/ PG&E Files Motion to Require CAISO to Follow Federal Law SAN FRANCISCO--(BUSINESS WIRE)--May 3 2001 via NewsEdge Corporation - Pacific Gas and Electric Company has filed a motion in the U.S. Bankruptcy Court asking the court to direct the California Independent System Operator (CAISO) to comply with bankruptcy law its Tariff and a recent Federal Energy Regulatory Commission (FERC) ruling and stop billing the utility for wholesale power purchased. Pacific Gas and Electric Company's motion which includes a request for a preliminary injunction asks the court to enjoin the CAISO from requiring the utility to pay costs the CAISO has incurred and continues to incur to purchase wholesale power on its behalf unless the utility can fully recover these costs. Bankruptcy law imposes an automatic stay to prevent parties from making certain claims or taking certain actions that would interfere with the estate or property of the estate of a Chapter 11 debtor. By purchasing power at costs higher than existing retail prices and then sending the bill to the utility the CAISO is violating the automatic stay provision and could be reducing the value of the company's assets by potentially hundreds of millions of dollars per month depending on the average retail rate the wholesale price and the amount of power purchased by the CAISO. Recently the CAISO sent Pacific Gas and Electric Company a bill for January and February spot market purchases that totaled nearly $1 billion. The action alleges that requiring the utility to pay more than it can collect in its existing generation-related rates would be improper under federal Bankruptcy Code because it is not in the best interest of the estate would be an unauthorized post-petition use of Pacific Gas and Electric Company's property and would force the utility to undertake credit on onerous terms. In addition on April 6 2001 FERC ordered the CAISO to comply with its February 14 order in which FERC ordered that the CAISO could only buy power on behalf of creditworthy entities. Both Pacific Gas and Electric Company and Southern California Edison Company are no longer creditworthy companies. By continuing to purchase power on behalf of Pacific Gas and Electric Company the CAISO is in violation of its own Tariff FERC orders and federal law. CONTACT: Pacific Gas and Electric Company | News Department= =20 415/973-5930
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Subject:: Important - CPUC Motion - Confidential Attorney Client Privilege
and Work Product
Body:: As you may already know the CPUC filed a motion at FERC asking for a protective order and to compel production of the information they subpoened from us in the CPUC's OII case. Given the timing we should discuss this on our conference call scheduled for tomorrow. They request that we be required: to answer their motion on Thursday to provide the information within 5 working days of a FERC ordering production and to provide of P&L information and spread sheets detailing our deals specifically delivery point delivery date counterparty volume and price. We may not have a problem providing this information for use by FERC in its proceeding subject to a confidentiality agreement but I think we would oppose their requests for: the information to be provided for government eyes only - this would prohibit EPMI from defending itself vis-a-vis other market participants. a FERC confidentiality order that would could allow FERC to share this information with the CPUC (for purposes of the PUC's OII proceeding) pursuant to 16 U.S.C. 824h(c). 16 USC 824g(c) requires the Commission to make information available to state commissions as may be of assistance in state regulation of public utilities. We should argue that 16 USC 824h(c) does not apply here given that we are not a public utility nor does the PUC regulate how much market power wholesale marketers exercise or the level of market power mitigation (these are the bases the PUC provides for explaining why it should have this information.) the above contractual information to allow them to analyze the competitiveness of the forward market to evaluate the wisdom of the Commission's decision to allow the UDC's unfettered access to the forwards market. This argument is unpersuasive given that the CPUC can get information about the competitiveness of the forward markets from the Wall Street Journal's listing of NYMEX prices.
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Subject:: FERC comments
Body:: Please coordinate with PGE on the comments. -----------------
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Subject:: Re: Will Hixon - UT Candidate
Body:: I don't see a fit Lexi Elliott 02/28/2001 02:39 PM To: Steven J Kean/NA/Enron@Enron cc: Maureen McVicker/NA/Enron@Enron Chris Harman/Enron Communications@Enron Communications Subject: Will Hixon - UT Candidate Steve: Per my voicemail message to you I have forwarded Will's resume for your consideration. Thank you! lexi -----------------
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Subject:: Re: California Power Markets
Body:: Thanks for the analysis. We understand that McKinsey may be helping the Governor develop a demand buy down program. Is this true?
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Subject:: Re: European Trip Report 22-30 Jan 2000
Body:: FYI -----------------
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Subject:: Console Tape Recordings
Body:: fyi -----------------
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<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
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Subject:: Re: Draft Letter to FERC by Consumer Groups
Body:: Looks good. How about a point about the need to connect new generation=20 quickly. =09Sarah Novosel =0909/26/2000 09:55 PM =09=09=20 =09=09 To: [email protected] Richard Shapiro/HOU/EES@EES Sue Nord/NA/Enron@= Enron=20 Margaret Carson/Corp/Enron@ENRON Rob Bradley/Corp/Enron@ENRON=20 [email protected] Karen Denne/Corp/Enron@ENRON Jeff=20 Dasovich/NA/Enron@Enron James D Steffes/NA/Enron@Enron =09=09 cc:=20 =09=09 Subject: Draft Letter to FERC by Consumer Groups Below is my first rough draft of a letter that could be sent from consumers= =20 to FERC Chairman Hoecker. Due to technical difficulties I could not attac= h=20 the letter in a separate document so I copied the letter and have reprinte= d=20 it below. Having never been involved in this type of letter writing campaign this wa= s=20 a bit of a stab in the dark for me so I welcome everyone's comments. I am= =20 also working on a letter that could be sent by senior management or CEOs of= =20 high tech firms but I wanted to get your feedback on this format before I= =20 went forward on the high tech letter. Let me know if you have any questions or comments. Sarah September 26 2000 The Honorable James Hoecker Federal Energy Regulatory Commission 888 First Street N.E. Washington D.C. Re: Electric Power Industry Reform Dear Chairman Hoecker: We are consumers or represent consumers of electric power. We write to urg= e=20 you and your colleagues to take the initiative to address the intolerable= =20 shortages and extreme price volatility that have become all too common in t= he=20 electric power industry. It is imperative that the Federal Energy Regulato= ry=20 Commission proceed expeditiously with the reforms needed to support a=20 competitive and efficient power supply industry to ensure a reliable supply= =20 of power at the lowest possible cost to consumers. There are many actions you and your colleagues should take to ensure that t= he=20 power supply in the U.S. remains sufficient and is available at reasonable= =20 prices. For example you and your colleagues should remove roadblocks in t= he=20 nation=01s electricity gird. Under the current system FERC regulations a= llow=20 many companies that own transmission systems to restrict access to their=20 transmission lines by competing electricity suppliers. The result of this= =20 policy is shortages blackouts and skyrocketing prices. Like the interstat= e=20 highway system FERC should allow electricity to move from one state to=20 another just as freely as motorists do. All electricity suppliers should= =20 have the same access to the transmission lines in order to transport power = to=20 where it is most needed. FERC should also discourage electricity suppliers=01 reliance on spot and= =20 short-term electricity markets for power supply. Instead FERC should urge= =20 suppliers to purchase a portion of their power needs under long-term=20 contracts. Locking in electricity costs at fixed prices protects consumers= =20 from unexpected price swings that can be financially devastating. We strongly urge you and your colleagues to seize the initiative on these= =20 reforms. Consumers deserve a power supply industry that is both more=20 reliable and economical.=20 Very truly yours
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Subject:: Re: External Advisory Council
Body:: Having worked on the Enron Advisory council process I have one observation: consider having some or all of these individuals as guest speakers rather than formal memebers. You can still have them review information do their homework and tailor their remarks to Enron specifics. Also you should definitely include Paul Portney at Resources for the Future. He sits on the Enron Advisory Council and knows the company well. Kelly Kimberly@ENRON COMMUNICATIONS Sent by: Stacy Walker@ENRON COMMUNICATIONS 03/01/2001 02:27 PM To: Brian Stanley/EU/Enron@Enron Dan Bruce/Enron@EnronXGate Dave Schafer/NA/Enron@ENRON Eddie Clay/EFS/EES@EES Elyse Kalmans/Corp/Enron@ENRON Gene Humphrey/Enron@EnronXGate George Wasaff/Enron@EnronXGate Gregory Adams/Corp/Enron@ENRON Hap Boyd/EWC/Enron@Enron James A Jean Mrha/NA/Enron@ENRON Jimmy Mariella Miguel Padron/NA/Enron@ENRON Mark Schroeder/LON/ECT@ECT Michael Terraso/OTS/Enron@Enron Mitchell Taylor/Enron@EnronXGate Paula Rieker/Corp/Enron@Enron Rick Buy/Enron@EnronXGate Rob Walls/ENRON@enronXgate Shelley Corman/Enron@EnronXGate Steven J Kean/NA/Enron@ENRON Tim DeSpain/HOU/ECT@ECT Vicki Sharp/HOU/EES@EES cc: Nicola Blancke/EU/Enron@Enron Mary Lisa Costello/NA/Enron@Enron Barbara Zulie Flores/Corp/Enron@ENRON Bert Frazier/Enron@EnronXGate Karina Prizont/Enron@EnronXGate Dortha Gray/GPGFIN/Enron@Enron Connie Melissa Jones/NA/Enron@ENRON Leena Isabel Beverley Ashcroft/LON/ECT@ECT Laura Glenn/OTS/Enron@ENRON Karen E Campos/NA/Enron@ENRON Rosario Boling/Enron@EnronXGate Laura Valencia/Corp/Enron@ENRON Karen K Heathman/Enron@EnronXGate Debra Hicks/Enron@EnronXGate Ruth Mann/Enron@EnronXGate Maureen McVicker/NA/Enron@ENRON Marion Sczykutowicz/HOU/ECT@ECT Leasa Lopez/HOU/EES@EES Lauren Iannarone/NY/ECT@ECT Catherine McKalip-Thompson/Enron Communications@Enron Communications Susan Subject: External Advisory Council As we discussed at the last Corporate Responsibility task force meeting one activity that we have underway is recruiting an external advisory council. This council will be comprised of global experts on environmental and social issues from non-governmental organizations and potentially other businesses to advise us on trends and issues in this area. An outline of the advisory council structure along with categories of experts and proposed names is attached below. We expect to convene meetings with this group twice a year inviting the Enron executive committee and board of directors as well as the Corporate Responsibility task force to engage in a dialogue. We plan to present a slate of possible candidates to Ken Lay and Jeff Skilling later this month and would appreciate your input and any ideas by March 16. Thanks for your consideration.
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Subject:: nan
Body:: FYI. From today's Post. Davis seems to continue to put distance between himself and the contracts. Best Jeff Financial California Changes Stance on Refunds Two Sides Far Apart In Energy Talks Peter Behr ? 07/06/2001 The Washington Post FINAL Page E01 Copyright 2001 The Washington Post Co. All Rights Reserved California officials have abruptly shifted tactics in their attempt to recover billions of dollars in alleged overcharges for electricity saying they may reduce their demands for huge refunds if generators renegotiate $43 billion in long-term electricity contracts that the state signed this year. Gov. Gray Davis (D) said part of the $8.9 billion in refunds the state is seeking could be offset by reductions in energy prices in the long-term contracts whose costs have become a growing political embarrassment for Davis. We've made suggestions we've offered various ways in which people could get us $8.9 billion Davis told the San Jose Mercury News in a report yesterday. You can renegotiate our existing contracts and save us money. However you want to do it it's just got to net out close to $8.9 billion. The new offer was introduced this week into the closed negotiations over a California settlement being conducted in Washington by Federal Energy Regulatory Commission Judge Curtis L. Wagner Jr. according to sources close to the negotiations. Yesterday Wagner said he may issue his own preliminary finding today on the amount of overcharges if California officials and the generators cannot reach a compromise. What I'm trying to do is get people in a settlement mood Wagner told reporters. In the event we're unable to do that [Friday] at some point I may offer a preliminary assessment. The settlement conference is set to conclude on Monday. Wagner FERC's chief administrative judge has been trying to push both sides toward a compromise that would resolve the huge energy pricing controversy. Mountainous energy prices have bankrupted California 's largest utility drained billions of dollars out of the state treasury and put Davis at sword's point with generators that help keep the state's lights on. Last Friday Wagner rebuked Davis's chief representative Michael Kahn chairman of California Independent Grid Operator -- the state's power grid manager -- indicating that the state's demand for nearly $9 billion in refunds from power generators and marketers was too high sources said. Wagner's settlement conference which has involved more than 100 lawyers for all sides is closed to the public and media. Wagner complained last month that Kahn was following a political agenda and his lack of independence in the negotiations was such a joke that the parties might as well wear clown suits according to a Dow Jones report confirmed by sources close to the talks. But he has also criticized the generators and power marketers led by Reliant Energy Inc. Williams Energy Services Duke Energy and Southern Co. for failing to make serious settlement offers these sources said. The suppliers have offered to refund $600 million provided the state is able to call off various California lawsuits demanding far larger refunds sources said. Wagner's leverage is his ability to propose his own refund figure to FERC's commissioners. FERC has tentatively called for $124 million in refunds but now is taking a harder line on preventing a new escalation of California 's electricity prices this summer and is likely to be receptive to a higher refund figure some energy analysts believe. Davis's tactical change offering to make the long-term contracts part of an overall settlement comes amid growing criticism of what the state will have to pay for energy under those deals. California 's energy calamity stemmed in large part from its failed deregulation plan which relied heavily on short-term power purchases at volatile spot market prices. When energy costs shot upward last summer so did the state's electricity bills. In response Davis's aide S. David Freeman and his staff began negotiating long-term power contacts with suppliers. The $43 billion in deals signed so far would require the state to pay about $70 per hour for a megawatt of power for a large part of the electricity it will need over the next 10 years. That's well under the average of $250 per megawatt-hour that the state was paying at the beginning of this year but above current power prices -- and considerably higher than what electricity may cost in the next decade energy analysts say. A new agreement to lower those contract prices could relieve political pressure on Davis and focus settlement negotiations away from the state's controversial demand for the $8.9 billion refund. Davis will argue that reducing future power charges that his administration negotiated should count as a refund because the deals were reached under commercial duress according to sources close to Wagner's negotiations. Industry supporters say Davis's refund figure is impossible to justify. There's no benchmark for what a fair and reasonable price should be said Michael Zenger California director of Cambridge Energy Research Associates. The state's advocates counter that if FERC enforced a just and reasonable standard for power prices based on operating costs and a generous profit the overcharges by all sellers could easily reach the $9 billion figure. It's not rocket science but it does require the regulators to regulate said Frank Wolak a Stanford University economist who heads an oversight committee for the California grid. Those polar-opposite views have left both sides in Wagner's conference room billions of dollars apart as the talks approached their final weekend sources said.
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Subject:: Re: FW: Follow up -- Council of Energy Advisors
Body:: I doubt that this is worth the trouble (i.e. running it through a conflict of interest check ensuring no liability for actions taken on the advice etc). From: Sherri Sera/ENRON@enronXgate on 06/21/2001 10:13 AM To: Steven J Kean/NA/Enron@Enron cc: Joannie Williamson/ENRON@enronXgate Subject: FW: Follow up -- Council of Energy Advisors Steve we have no record of receiving the original invitation but is this anything you would recommend? Please advise. Thanks SRS
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Subject:: <<Concur Expense Document>> - General Expenses
Body:: nan
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Subject:: Re: Houston 1996 - 2001
Body:: I am so sorry. You guys gave him a really good life. Robert Kean <[email protected]> on 07/07/2001 01:48:08 PM Please respond to <[email protected]> To: Pat Hilleman \(E-mail\) <[email protected]> Greg Smith \(E-mail\) <[email protected]> Greg Smith \(E-mail 2\) <[email protected]> Colin Lamb \(E-mail\) <[email protected]> Maggie Kean \(E-mail\) <[email protected]> Nora Kean \(E-mail\) <[email protected]> Nora Kean \(E-mail 2\) <[email protected]> Sann & Evelyn Gossum \(E-mail\) <[email protected]> Doug & Karen Reiman \(E-mail\) <[email protected]> Jean Kean \(E-mail\) <[email protected]> Kathy Wedig \(E-mail\) <[email protected]> Melissa Kean \(E-mail\) <[email protected]> Phil Kean \(E-mail\) <[email protected]> Steve & Melissa Kean \(E-mail\) <[email protected]> cc: Subject: Houston 1996 - 2001 Houston died today after a long battle with Auto Immune Hemolytic Anemia. Rest in peace. Rob Kean
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Subject:: FERCs Prospective Mitigation and Monitoring Plan for CA Wholesale
Electric Markets
Body:: fyi -----------------
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Subject:: nan
Body:: fyi -----------------
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<s>[INST] <<SYS>> You are reviewing an email using its subject and body. Based on the text in its subject and body, please categorize this email into one of the following categories:
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Subject:: nan
Body:: Vince I am writing about a student of mine who is on the job market this year. When you stopped by my office about 18 months ago you asked if I had any students that might be appropriate for your group. Although I didn't at the time now I do. This student has excellent technical skills including an M.S. in Statistics and a Ph.D. in Economics by the end of the current academic year. His dissertation research is on the investment behavior of Independent Power Producers in the US. As a result of research assistance he has done for me he knows the California market very well and is familiar with the other ISOs. I think he would be an excellent match for you. The only problem is that he will probably have many other options available. However I definitely think he's worth a look. If you'd like him to send you a CV please let me know. Thanks. Frank Wolak Professor Frank A. Wolak email: [email protected] Department of Economics Phone: 650-723-3944 (Office) Stanford University FAX: 650-725-5702 Stanford CA 94305-6072 Phone: 650-856-0109 (Home) World-Wide Web Page: Cell Phone: 650-814-0107
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Subject:: nan
Body:: Attached is my testimony.
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Subject:: California CTC meeting in EB791 - Maureen Palmer
Body:: Also invited Lou Pai Dave Duran Dave Parquet Sean Holmes John Henderson Marty Sunde Jim Fallon
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Subject:: Stelzer remarks at advisory board meeting
Body:: -----------------
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Subject:: RE: Confidential Contact data and RFI
Body:: I'll get back with you on this within a couple of days. Do you want an indicative bid for 7x24 bus-bar energy (2 5 and 10 years). We would not bid on the entire 1000 MW - maybe 150-200 MW. thanks for the info. Kevin Presto UBS Warburg Energy [email protected] Phone: 713-853-5035 Fax: 713-646-8272
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Subject:: RE: New document in PSerc Document Archive archive
Body:: Dennis Thanks. I have seen some of the papers you mentioned but missed one about discriminative auctions. Vince Kaminski
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Subject:: Confidential Information and Securities Trading
Body:: To:NEMEC GERALD Email:[email protected] - 7138533512 ? Enron Wholesale Services - Office of the Chairman ? From:??Mark Frevert Chairman & CEO ??????Greg Whalley President & COO ??????Mark Haedicke Managing Director & General Counsel ? Subject:??Confidential Information and Securities Trading ? Enron Wholesale Services ('EWS') maintains official Policies and Procedures Regarding Confidential Information and Securities Trading ('Policies and Procedures') which have been revised as of November 15 2000 to reflect the new EWS structure. These policies and procedures are intended to allow us simultaneously to pursue our diverse businesses and to protect confidential information our reputation for integrity and EWS and its employees from legal liability. ? You are required to become familiar with and to comply with the Policies and Procedures. The newly revised Policies and Procedures are available for your review on LegalOnline the new intranet website maintained by the Enron Wholesale Services Legal Department. Please click on the attached link to access LegalOnline: ? ? You must certify your compliance with the Policies and Procedures within two weeks of your receipt of this message. The LegalOnline site will allow you to quickly and conveniently certify your compliance on-line with your SAP Personal ID number. If you have any questions concerning the Policies or Procedures please call Lance Schuler at extension 3-5419 Mark Haedicke at extension 3-6544 Alan Aronowitz at extension 3-3214 Bob Bruce at extension 5-7780 or Donna Lowry at extension 3-1939.
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Subject:: Schedule for the Schedules
Body:: fyi -----------------
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Subject:: Re: Confidential Employee Information/Lenhart
Body:: I also need to know the base salaries of Jay Reitmeyer and Monique Sanchez. They are doing the same job as Matt.
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Subject:: Re: Wimbledon update
Body:: Yes you are. Mark Palmer@ENRON 07/17/2000 09:32 AM To: Steven J Kean/HOU/EES@EES cc: Subject: Wimbledon update I left Hannon a message that we PAID for the attention we got from Wimbledon. It came out of the advertising budget. We did Kevin a favor by trying to leverage our media budget to create new business for EBS. Am I looking at this the right way? Mark -----------------
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Subject:: RE:
Body:: Frank Thanks for your message. We are confirming a meeting in your office at 4:00 p.m. Tuesday next week. What about a dinner at 7:00? Vince
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Subject:: <<Concur Expense Document>> - RS032901
Body:: nan
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Subject:: <<Concur Expense Document>> - 041601LC
Body:: -----------------
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Subject:: Bingaman Draft On Transparency -- Amendment Ideas
Body:: Last night Linda and I spent a fairly long time with Leon Lowery Chairman Bingaman's chief electricity advisor to discuss our concerns with the transparency and market-based rate language -- while at the same time commending the transmission access language in the draft and strategizing how to support the chairman in that regard. We made progress on transparency less so on market-based rates. On transparency Leon understands our concerns. In a nutshell he seemed amenable to amending the langauge to avoid the result of having to divulge transaction-specific trade-specific information. We persuaded Leon that was the impact of the initial language although he initially said details would be left to FERC. We persuaded him that if any data is to be provided it MUST be only in aggregate form. We also impressed on him that if as he said the intent is to leave details to FERC -- then more of the details should be left to FERC not set by statute. Leon strongly advised that we seek to craft language consistent with the above exchange that makes as few changes to the draft as needed to make the necessary corrections. This will make it easier for Leon to navigate the internal waters of the staff. (Sam Fowler th chief counsel is a drafting stickler). Others should obviously weigh in and review this but to facilitate internal comments (we need to get back to Leon today) here is my take on what he has in mind. Under new sec. 218(b) (to be added to the FPA by bill sec. 413) (pg. 13) under information required we would rewrite paragraph 2 as follows: (2) each broker exchange or other market-making entity that matches offers to sell and offers to buy wholesale electric energy in interstate commerce to provide aggregate statistical information about its sales of electric energy at wholesale in interstate commerce. The effect of the language change is drop the reference to sale prices of each sale of electric energy. By leaving it as aggregate statistical information this should give FERC maximum flexibility to permit indexes etc. As to the timely basis of information release (subsection (c)) the alternatives sent yesterday would require this to be done on the Internet after the end of the trading day. If we can restrict this to aggregate data question arises whether we want to concede that this would be done daily. That suggests the data to be collected would be more than we would want I think. Here is a take on how we might suggest a revision to that language to give FERC more leeway: (c) TIMELY BASIS -- The Commission shall require the information required under subsection (b) to be posted on the Internet and updated as frequently as practicable and appropriate. The change is to add appropriate so that FERC can consider other than whether posting is practicable. The use of appropriate is what came to mind -- perhaps there is some other word or phrase like consistent with ... or promote competition or some way of saying there are policy considerations other than practicability. There should be some valid purpose established before data is released. I would argue that the (d) language on commercially sensitive information goes only to exempting from disclosure not when disclosure is appropriate. Please let me have your thoughts although the tragedy in NYC and DC now underway will probably make this not a day to transact such business on the Hill. Will provide a further report on market-based rates. In sum Leon was not as sympathetic on this issue but asked for our ideas and further arguments. We sense Leon personally feels strongly about moving the FPA to some linkage to competitive markets. His argument is that market participants can be doing everything by the book and the result can still be uncompetitive markets. We pushed that penalizing us is not the answer -- nor is increasing regulatory uncertainty about deals doing to help keep prices down. Leon clearly does not intend this language to punish Enron -- but others who we might all agree have done things that are not in keeping with competitive markets.
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Subject:: Re: 2001 budget
Body:: I do support the change. Let me know what I can do to help. You are correct: this is the way we handle regulatory counsel in other regions particularly the US. What Derrick and I have agreed with regard to counsel selection is: gov't/reg affairs picks the counsel we want to use and he retains a veto which has rarely if ever been exercised. Once we have retained counsel we will use that counsel on other regulatory projects unless the legal department starts to have a problem with the firm (eg because they represent someone against us in litigation). Again I don't recall this ever being an issue. It seems to work: outside counsel gets the message that we will look dimly on any firm that squares off against us and we select the most qualified counsel on our issues. Mark Schroeder@ECT 09/01/2000 06:18 AM To: Steven J Kean/NA/Enron@Enron cc: Subject: 2001 budget You should be receiving today a copy of my draft budget proposed for Enron Europe for 2001. I understand from Nick that they are doing their own budget for Enron Japan which I will see only after the fact. MOST IMPORTANTLY you will see that I am budgetting to pay a substantial sum for legal fees. I will be proposing to John Sherriff Michael Brown (our new COO and former General Counsel which will make my proposal doubly problematic) and to Mark Evans (current General Counsel) that I pay/manage our outside regulatory counsel. We can discuss (rather than do a lengthy e-mail) but having this function managed by Legal (and Houston/Jim Derrick rejecting our choice of counsel in important cases) is increasingly a problem. I believe this will mirror what you do in the USA e.g. Dan Watkiss and hope that I can count on your support for this change. thansk mcs
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Subject:: Re: Last FINAL version
Body:: Has this gone to Ken yet. If not please send. Maureen McVicker 06/21/2001 02:55 PM To: Lora Sullivan/Corp/Enron@ENRON Steven J Kean/NA/Enron@Enron Jeff Dasovich/NA/Enron@Enron cc: Subject: Last FINAL version Lora: This is the new Final version. The difference from the earlier version is - a few slides were taken out and the order of the remaining slides were rearranged. Please get a copy of this new Final to Ken Lay. Thanks.
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Subject:: Re: Davis favors tiered rate increases but still clings to "no new
rate increases"
Body:: He could have solved this problem in 20 minutes right? Jeff Dasovich Sent by: Jeff Dasovich 03/25/2001 12:40 PM To: [email protected] Richard Shapiro/NA/Enron@Enron James D Steffes/NA/Enron@Enron [email protected] Karen Denne/Corp/Enron@ENRON Susan J Mara/NA/Enron@ENRON Sandra McCubbin/NA/Enron@Enron Paul Kaufman/PDX/ECT@ECT Harry Kingerski/NA/Enron@Enron Janel Guerrero/Corp/Enron@Enron Linda Robertson/NA/Enron@ENRON Joe Hartsoe/Corp/Enron@ENRON Tom Briggs/NA/Enron@Enron Alan Comnes/PDX/ECT@ECT cc: Subject: Davis favors tiered rate increases but still clings to no new rate increases Power Hogs May Get Hit In Pocketbook Davis favors tiered rate increases David Lazarus Chronicle Staff Writer Sunday March 25 2001 2001 San Francisco Chronicle URL: N30195.DTL Gov. Gray Davis faced with the near inevitability of raising consumers' electricity bills is leaning toward a rate system whereby those who use more power pay more than those who conserve The Chronicle has learned. Sources close to the governor said he is being lobbied by his own staff members to accept a so-called structured rate system. Top officials from his own administration told lawmakers Friday that the state may end up spending more than twice the $10 billion previously estimated to purchase power on behalf of California's near-bankrupt utilities. If so the officials warned that consumers' electricity rates could double. In the case of Pacific Gas and Electric Co. this would mean customers' average monthly power bills would rise from $60 to $120. Consumers throughout the Bay Area believe that at least some increase is on the way. We're going to have to bite the bullet and pay the money said Larry Webster a retired Caltrans worker in Redwood City. We might as well admit that electricity is no longer a nickel. It's a dime. If you're going to use it let's pay for it. Steve Maviglio a spokesman for the governor distanced himself yesterday from estimates that rates would double. The figures reported in the press he said were wildly high. The governor still believes he can live within the existing rate structure Maviglio said. Until we know the results of the negotiations with the utilities you can't conclude anything. The state is negotiating a multibillion-dollar bailout package with PG&E and Southern California Edison Co. to relieve the utilities of about $13 billion in debt. PG&E and Edison have been saying for months that there is no way California can overcome its current energy woes without higher rates. The irony of the Davis administration now saying the same thing was not lost on the two companies. The state is in the exact same position the utilities were in last fall said John Nelson a PG&E spokesman. Either wholesale prices need to come down or retail prices need to go up. The disparity is too large. Statewide blackouts last week drove home the precariousness of California's energy situation to ratepayers -- and may have served as a blessing in disguise for the governor. COST VS. OUTAGES If given a choice between further outages and paying higher rates many consumers said they would accept increases in their power bills. I don't like either choice said Janet Leroux facing the possibility of a gooey mess if the air conditioning goes out at her downtown San Francisco candy store. But I guess I'd go with higher rates. I sure didn't like the blackouts. Publicly the governor has been insisting for weeks that rates will stay within the existing rate structure -- a stealthy way of saying that January's 9 percent increase and an expected 10 percent increase next year will remain in place. But privately he and his staff are discussing additional rate increases that could be spread over as long as 10 years sources said. Utility executives and power generators told The Chronicle last week that a minimum 30 percent rate increase lasting up to a decade is in the cards. For the good of California it's inevitable said Gary Ackerman executive director of the Western Power Trading Forum a Menlo Park energy industry association. Sacramento resident John Hax observed that when temperatures soar in the Central Valley this summer he'd be more than willing to pay a higher price for power if this keeps the air conditioners on. It's like gasoline he said. I don't like paying higher prices for gasoline but that's the price of doing business. Ratepayers draw the line though at any increase topping 10 or 20 percent. If it was 20 percent I'd probably do it said Tracy resident Mark Dougherty. But if it was more like 50 percent I'd rather go with rolling blackouts. I'd rather have blackouts agreed Jenny Soghomonian owner of a shoe- repair shop in San Francisco's Financial District. I don't want to pay rates that are so much higher. NOT EVERY COST PALATABLE This is the tightrope that state officials and industry players now find themselves walking: While consumers may be willing to pay more to avoid blackouts they aren't willing to swallow virtually any cost thrown their way. Yet if rates are not high enough they may not prevent daily blackout threats this summer and beyond. Higher rates are the price signal that it takes for conservation said Tom Higgins senior vice president of Edison International parent company of Southern California Edison. Simply put he meant that most consumers will not aggressively conserve power and thus alleviate shortages unless there is a financial incentive to do so. Rebates proposed by the governor have met with only a lukewarm response requiring critics say too much effort on the part of individual ratepayers. But a sudden spike in monthly power bills almost certainly would prompt widespread conservation measures. It adjusts consumer behavior Higgins said. People want to get their bills back down. RATES' EFFECT ON USAGE He and other industry sources said higher rates are perhaps the only way Californians will achieve the 10 percent conservation goal sought by the governor -- a move seen as vital if blackouts are to be avoided this summer. It's intellectually dishonest to think there's any other way out of this Higgins said. Consumer activists' initial reaction to any talk of a rate increase comes across loud and clear: No no no. No bailout. No rate increases. No secret deals said Harvey Rosenfield head of the Foundation for Taxpayer and Consumer Rights in Santa Monica. We need to get back to a regulated system. Rosenfield is the biggest fly in the governor's ointment. He has threatened to push through a ballot initiative re-regulating California's power market if Davis cannot find a consumer-friendly way out of the current fix. Because of Rosenfield's past success in writing a ballot measure on insurance rebates which delivered about $800 million to consumers his threat is taken seriously in Sacramento. We've paid too much already Rosenfield said. A fair price is what we were promised by deregulation which was a 20 percent rate decrease. However when he was asked whether there was any room to discuss a structured rate increase such as the idea being promoted by the governor's staff Rosenfield toned down his characteristic rhetoric. Big users should pay more he said after a moment's reflection. I'm open to a tiered system but only if it's fair. Rosenfield quickly added that he would have to see how other consumer advocates felt about the matter before agreeing to negotiate such things with Davis. MOVE TOWARD STRUCTURED RATES Clearly though momentum is building toward a system of structured power rates which probably would include increases of varying sizes for consumers. The California Public Utilities Commission is scheduled to address January's 9 percent rate increase on Tuesday. That increase originally was given only a three-month duration but most observers expect it to be renewed for at least another three months if not longer. PUC President Loretta Lynch declined to comment on the likelihood of rates going up but added her voice to those backing a structured system. I am a fan of restructuring rates to exempt conservation she said. People who use a whole lot of power should pay more. The biggest electricity customer in the state is the state itself now that California is purchasing power on behalf of its cash-poor utilities. The state already has spent about $4 billion buying electricity and has yet to determine how the cash will be recouped from consumers. San Francisco resident Rosita Magee accepts that for California to find its energy footing once more rates will probably be heading up. That way you have more convenience and electricity more stability she said. But Magee has come up with another solution one that doesn't involve rate increases and rolling blackouts. She's moving to Texas. Chronicle staff writers Matthew Stannard and Pia Sarkar contributed to this report. / E-mail David Lazarus at [email protected]. 2001 San Francisco Chronicle ? Page?A - 1
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Subject:: california energy prices
Body:: Summary of what we discussed the other night: Background: power -- power prices have moved above $1000/mwh in the Northwest and are showing $600-700 for the first quarter of 01 forward prices in California have also moved well above the soft cap of $150. Sellers are exporting power from California to the Northwest. gas -- balance of the month gas in California was trading at $26-27 with Jan trading at $19 feb at $12-14 and Summer at $8. The Cal gas and power utilities remain unhedged (price caps are in place for retail power and utilities continue to buy power from the ISO and PX while gas utilities we believe are primarily buying at spot prices even under their long term deals). The power utilities will continue to book large deferrals and gas utilities will be passing costs through a month or two after incurring them. The impact of the gas price increases will begin showing up in Jan billings to consumers. curtailment rules (gas): More work to be done here but it appears that gas utilities will curtail deliveries in the following order: interruptible first (with some priority for cogens) firm service (with utilities alternating or rolling between generation load and nongeneration load) and core customers last. Curtailment rules apparently allow the utilities to confiscate gas sold to direct access customers
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Subject:: RE: CONFIDENTIAL - DO NOT DISTRIBUTE
Body:: Steve looks ok. Although I always thought I built Canada. I guess not eh. Lavo.
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Subject:: Penn. conference call
Body:: Set up meeting re Mt. St. Helens for next week
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Subject:: Regulatory Roundtable, in 49C2
Body:: 6:00 Photographer
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Subject:: Barton,Tauzin letter to Gov. Davis
Body:: -----------------
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Subject:: CA PWR ISSUE
Body:: -----------------
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Subject:: RE: FERCs Settlement Conference on Refunds - Monday, June
25th--CONFIDENTIAL ATTY CLIENT WORK PRODUC
Body:: If you've been wondering where Davis's $9 billion overcharge number number comes from attached is the apparent basis of the number which was from a study prepared by Hildebrandt of the CAISO. It was apparently released on the CAISO site on 6/21. Note that the $9billion includes bilateral trade sold to any party. However Hildebrandt cannot say who the supplier is unless DWR CAISO or the PX was the buyer (for those buyers he presumably has detailed data). Thus he can ascribe overcharges to specific jurisdictional generators for only $5.4 billion of the $9billion total. He does not show what specific parties are attrributable to the $5.4 billion. In an earlier study on just ISO R/T strategic bidding supplier names were released inadvertantly by CAISO. Finally as in previous CAISO studies a significant fraction of overcharges (approx $3 billion) comes from before the refund-effective date of 10/1/00. Alan Comnes
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Subject:: RE: CONFIDENTIAL Personnel issue
Body:: Lizzette. Would you mind getting with Diane on the isue of online harassment prevention training? We have been looking into that form of delivering training. Diane has info from Littler on its proposed training. I think that the costs may be high but I would like your evaluation of The product. Would you mind taking the lead on this? Obviously this is not an issue with huge time sensitivity. Thanks. Michelle
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Subject:: Sen. Hagels ESI speech
Body:: attached is Sen. Hagel's energy speech. He focusses on oil primarily but also does a nice job of framing the importance of sound energy policy to our continued economic growth.
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Subject:: Re: India Help
Body:: Thanks so much for your message. Your communications are always complete firm clear and polite. I am sorry that perhaps the most critical aspect of your efforts -- security-- has been so confused by our end. I understand from John Brindle that the confusion generated by our end has not kept you from accomplishing a great deal of the work anyway. I have asked John to lead the effort to the extent you need him. John and his team are very experienced and have been in contact with and coordination with the London office. Mike Hicks is a good hand but for the most part all I have asked him to do is be in a position to identify outside resources skilled in the area in question. It is a bit too much to ask Mike to be hands on for all of Enron's corporate security needs. A little background I'll bore you with: after Andre Legallo (formerly VP of Security for Enron) left we did not replace his function. Most of the operating companies had their own security and business controls groups. When Andre left we reduced the corporate function to a default provider role -- if a business unit had a need it was not otherwise meeting Mike Hicks (as well as an outside consulting firm) would help identify competent resources in the area. With the reorganization of EBS I have inherited the very competent and experienced team they had assembled (led by John Brindle). John identified some concerns regarding India mid last week. I urged him to get in touch with Rebecca he did. It was clear after further inquiries by John that the India team had already addressed many if not all of the concerns and much of the remaining work involved implementation. John volunteered to send some people over to help and I said OK. He had already been in touch with the London team and Mike Hicks (who I have asked to return to Houston). The last thing you need right now is confusion caused by a group saying we're from corporate and we're here to help. If you don't need any help or if the situation gets anything other than significantly better let me know. To: Steven J Kean/NA/Enron@Enron cc: Rebecca McDonald/Enron@EnronXGate James A Hughes/Enron@EnronXGate Subject: India Help Steve As you are well aware we are facing a lot of things happening fast in India. We are using several parts of your team and are very pleased with most. I want to mention a couple of areas HR and Security. 1. HR: I heard that some folks in Houston had raised concerns about the quality of the India HR team and their preparedness. The HR team is doing an outstanding job and I wanted you to hear that from me. Once we realized we had a major issue on our hand and I received clearance from Rebecca and Jim to bring some HR folks into the loop HR had someone on a plane within 20 hours of my first call. We have always had great HR support through Drew Lynch and Bob Sparger helping our team led by Sandip Malik and this time Scott Gilchrist has joined in and helped as well. But the two workhorses have been Bob and Sandip. Bob got on a plane immediately and came over and he and Sandip have been working around the clock so that we are much better prepared now than we were just a couple of days back. We really relied heavily on HR and Drew had his team there for us. 2. PR: top notch team of John Ambler and Johan Zaayman working with and supporting Jimmy Mogal on the ground. Johan and Jimmy have been a strong team on the ground and John has provided leadership and all coordination with Houston. Great efforts and productive work. 3. Security: This area has not worked as well and if you ever want feedback on our one-time experience with this group I will provide it. I don't have any idea who is in charge from Enron's perspective here. There are 2 groups headed this way. Mike Hicks will arrive Thursday night and Mike has informed us that he will be leading all security efforts. Jim Rountree is apparently travelling with Mike and Don Hawkins sent me an e-mail earlier today telling me that Don has instructed Jim that Jim is in charge of coordinating our security. John Brindle has sent me an e-mail saying that you have asked him to coordinate and help in the ongoing efforts and John is sending 3 people over arriving Saturday night. First we are very happy to have the help but I just hope that Mike Jim and John know which of the three are in charge. If you could just let me know who you want to be in charge we will coordinate with that person. On a side note the people who have really been helpful were brought in through Drew Lynch of Europe HR. They are Jim Roth and Dave Lawler both of whom work for John Sherriff. They had a great attitude were willing to work day and night and were planning on coming to coordinate until Mike decided he would come. At Mike's earlier suggestion we engaged Hill & Associates to help on security. Because I was having to meet with them 3 to 4 times per day I asked Jane Wilson to help coordinate all our security efforts. Jane has done a fantastic job in an impossibly short time frame. The tasks she has been overseeing include coordinating with Hill & Associates removing (in a lowkey yet rush manner) over 400 boxes of files and documents and getting them through customs and to Europe removing 2 container truck loads of files from the Dabhol site and getting them out of the country and overseeing a complete security check and file removal of all our electronic files from servers desktops and laptops. In addition she has coordinated security for all expats and families as well as worked with EOGIL expats and Anthony Duenner of EBS Asia. Again we appreciate all the help. Wade
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[/INST] Company Business/Strategy <s> |
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Subject:: Re: Weekly Notes
Body:: We are discontinuing the executive car wash. You Steve and I should talk. From: Bill Donovan@ECT on 05/17/2001 03:29 PM To: Steven J Kean/NA/Enron@Enron Maureen McVicker/NA/Enron@Enron cc: Subject: Weekly Notes Steve - I will be taking this Friday the 18th off on vacation. Here are notes for your staff meeting. Buyer/Seller have executed Offer Letter on Falcon EX ($32750000 price). Aircraft goes to pre-purchase inspection this weekend. Close is no later than June 6th. All indications are that buyer is very motivated to complete the deal. Enron Center South (ECS) Project remains solidly on track. We are 10 weeks out on initial occupancy with Level 3 occupancy (EGM moves Aug. 3rd). Levels 4 (EIM ENW & Credit.Com) occupies two weeks later (Aug. 17). Level 5 (Power) occupies two weeks after (Aug. 31st - Labor Day weekend). Level 6 (Gas) occupies two weeks after (Sept. 14th). Level 7 (Executive) and the 1st floor public spaces occupies year end. Level 2 (Cafeteria) opens Nov. Found a Law firm interested in Azurix's present space in Three Allen Center (3 floors). Goal is cut deal and have them in by year end. Enron Broadband indicates an intent to remain on their present ECN floors (Levels 44 and 45) plus backfill balance of operations into Wholesale's vacated trading floors. This splits them into two elevator banks and becomes problematic for ETS - who wants continuous floors ECN Levels 39 through 46. We are seeking subtenants for Broadband's Portland office space. They plan to vacate the Riverplace building by Oct. Negotiating new food service contract with Sedexo Marriott to add ECS cafeteria. Total compensation will be based on 3% fee on gross revenue - only on individual sales of $2 or more (promote greater # of meals served) and bonus based on sharing of net operating income with Enron. Global Sourcing is participating with us in negotiations. Need to decide if Executive Car Care program is going to be continued (30 executives participate with employee paying $70 per month and business units subsidizing $275 per month). Decision needed because new Garage will require $60K in improvements to get set up for car washing. Present lease on remote car washing facility (@ $5k per month) expired and we are on month to month holdover. We are two weeks out to close on Beltway 8 land deal ($1.7 purchase price). Real estate being acquired for construction of new $18 mill. Data Center and Disaster Recovery Facility. Phillipe and I meet with Frevert next week to get approvals. - Bill
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Subject:: Request Confidential Information by FERC
Body:: To All California Power Exchange Participants: Notice is hereby provided pursuant to Section 19.3.4 of the California Power Exchange Tariff that the staff of the Federal Energy Regulatory Commission (FERC) as part of its investigation of California markets has requested information that my be confidential under Section 19.3.2 of the Tariff. Such information consists of participant specific schedules and bids. The FERC staff has requested the California Power Exchange to provide such information no later than 24 business hours after the date of this notice. If you desire to assert a claim of privilege or confidentiality pursuant to FERC's regulations or other legal authority the California Power Exchange will include your written assertion of that claim together with its submittal to the FERC staff provided that it is timely received. Your written statement should be directed to FERC and delivered to: Karen Koyano California Power Exchange 1000 S. Fremont Avenue Building A-9 W Fifth Floor Alhambra CA 91801 626.537.3173 facsimile Information must be received no later than Tuesday September 12 2000 9:00 A.M. PDT to be included with any information delivered to the FERC staff. You are also free to take any other legal action you may deem appropriate in the circumstances of this investigation. Thank you.
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Subject:: Energy Antics Oh, Behave!.htm
Body:: Jeff =20 Today's LA Times editorial revived the Lockyer quote. It is remarkable (a= nd troubling for Enron) that Lockyer's political peers / rivals have not t= aken him to task for his outrageous remark nor have the major newspapers= . In Today's editorial the usually conservative LA Times refers to Locky= er as having boosted the rhetoric a notch. (I'd hate to witness two or = three notches.) =20 This lack of criticism could foreshadow a contagious attitude that powerfu= l Enron is in fact the one to blame (facts be damned). Given Enron's high= profile policy and fundraising ties to the Bush administration and Govern= or Gray Davis' war with President Bush and Texas energy companies there c= ould be more turbulence ahead. Fasten your seatbelts and be on the ready= . =20 Kevin 213-926-2626 =20 [IMAGE] [IMAGE][IMAGE] =09[IMAGE] [IMAGE]=09 [IMAGE] =09Home | Discussions | Print Edition | Archives | Site Map = | Home Delivery | Advertise | Feedback | Help [IMAGE]=09 =09[IMAGE]=09 [IMAGE] [IMAGE] [IMAGE] [IMAGE] News Politics Entertainment music = movies art TV restaurants [IMAGE] Business Travel Marketplace jo= bs homes cars rentals classifieds [IMAGE] Sports Commentary Shop= ping [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] Editorials= Letters Op-Ed [IMAGE] [IMAGE] TOP STORIES * We Aren't That Despera= te * Energy Crisis as Political Payback * Hand-Held Cell Phones Dr= iving Don't Mix MORE [IMAGE] [IMAGE] [IMAGE] STORIES BY DATE FOR TH= IS SECTION 5/25 | 5/24 | 5/23 | 5/22 | 5/21 | 5/19 [IMAGE] = DAILY SECTIONS Front Page A Section California [IMAGE] Business = Sports Calendar [IMAGE] So. Cal. Living EditorialsLetters Op/Ed W= EEKLY SECTIONS Health Food [IMAGE] Tech Times [IMAGE] Highway 1 = SUNDAY SECTIONS Book Review Opinion Real Estate [IMAGE] Calendar Mag= azine Travel [IMAGE] TV Times Work Place [IMAGE] [IMAGE] [IMAGE] [= IMAGE] [IMAGE] [IMAGE] Marketplace Find a home car rental job = pet merchandise boat plane or RV classifieds Place an Ad [IMAG= E] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] L.A. Times Subscription Ser= vices Subscribe Change of Address Vacation Stops Suspend Delivery = College Discount Gift Subscriptions Mail Subscriptions FAQ [IMAG= E] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] Print Ads from the Newspape= r See this week's ads [IMAGE] [IMAGE] [IMAGE] Print Edition Oran= ge County Valley Ventura County National Community Papers [IMAG= E] [IMAGE] [IMAGE] [IMAGE] Books Columnists Crossword Education = Food Health Highway Horoscope Lottery Magazine Obituaries Readi= ng by Real Estate Religion Science So.Cal. Living Special Report= s Sunday Opinion Tech Times Times Poll Traffic Weather Workplace SI= TE MAP [IMAGE] [IMAGE] [IMAGE] SHOP 'TIL YOUR LAPTOP DROPS [IMA= GE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] Shopping [IMAGE] Search Prod= ucts Stores [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] = =09[IMAGE]=09[IMAGE] Friday May 25 2001 | [IMAGE]Print this story [IMAGE= ] [IMAGE] Energy Antics: Oh Behave! Admit it: The only comic re= lief in this energy crisis has been watching our leaders go at suppliers a= nd each other like pro wrestlers or Jerry Springer guests. In his St= ate of the State address last January Gov. Gray Davis accused the big pri= vate electric power generators of legalized highway robbery and threatened= to seize their plants if necessary. Then he really got angry calling the= m the biggest snakes in the world. This past week Atty. Gen. Bill Locky= er boosted the rhetoric a notch by declaring he would like to personally e= scort the chairman of Enron Corp. to an 8-by-10 cell that he could share = with a tattooed dude who says 'Hi my name is Spike honey.' Meanwhile = President Bush and Vice President Dick Cheney have blamed California for c= ausing its own problems with a harebrained deregulation scheme and mocke= d the state's power purchases and conservation programs. It's been fun. No= w it's time for our leaders to act like adults. Davis and Bush alwa= ys will have their political differences but the economies of both the st= ate and the nation are endangered by California's energy situation. These = leaders need to work together as cooperatively as possible starting next = week when Bush makes his first visit to California as president. Da= vis wrote Bush Wednesday offering to meet with him during his California v= isit. Bush spokesman Ari Fleischer said the president looks forward to dis= cussing energy and other issues. Good start. Let's hope the conversation i= s civil and that the civility spreads. No matter how much California= has been abused by the power companies and it absolutely has the state = still needs them to help solve the crisis caused by shortages of electric = power generation this year and next. Usually the biggest targets of offi= cial and public wrath are the investor-owned utilities such as Southern Ca= lifornia Edison and Pacific Gas & Electric Co. But not this time because = in the view of the state the utilities have been bled dry by the power ge= nerators' stratospheric prices. The state had to take over the purchase of= power when the generators refused to extend any more credit to Edison and= PG&E. Legal recourse should be pursued but the threatening rhetoric need= s to subside. State lawmakers are right to be upset with the White = House for refusing to use its authority to set reasonable temporary wholes= ale price controls. And Davis is justifiably upset with Bush and with Chen= ey who said the only solution was to build more power plants--ignoring th= e fact that the state is building 10 plants now with five more on the way= and that the only way to control wholesale power rates is for Washington= to cap them. If the state hadn't bought the power the generators w= ould have let the lights go out. Davis needs to deliver that message quie= tly and persuasively while Bush is in California. And Bush needs to liste= n respectfully like an adult. [IMAGE]Search the archives of the Los A= ngeles Times for similar stories. You will not be charged to look for stor= ies only to retrieve one. =09 News Politics Entertainment music movies art TV restaurants = [IMAGE] Business Travel Marketplace jobs homes cars rentals cla= ssifieds [IMAGE] Sports Commentary Shopping [IMAGE] =09[IMAGE]=09 = Copyright ? 2001 Los Angeles Times=09 Software Videos/DVD's Music and Other Free Stuff!!! =09
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Subject:: RE: Western Wholesale Activities - Gas & Power Conf. Call
Privileged & Confidential Communication Attorney-Client Communication and
Attorney Work Product Privileges Asserted
Body:: Ray's in the air today and he asked me to forward the agenda for tomorrow's call PLEASE MARK YOUR CALENDAR Date: Every Thursday Time: 7:30 am Pacific 9:30 am Central and 10:30 am Eastern time Number: 1-888-271-0949 Host Code: 661877 (for Ray only) Participant Code: 936022 (for everyone else) The table of the on-going FERC issues and proceedings is available to all team members on the O drive. Please feel free to revise/add to/ update this table as appropriate. Proposed agenda for tomorrow (Thursday) : GAS Any Items? ELECTRICITY Report on the 24-25 Sept meeting on CAISO operational issues FERC's new RTO iniatives: RTO West and DSTAR married California to heal its wounds but be audited nonetheless RTO Week in DC coming up ICAP in the West? Information req's NOPR CA and PAC NW refund proceeding status Please feel free to communicate any additional agenda items to the group .
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[/INST] Logistic Arrangements <s> |
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Subject:: Re: Enron Europe Governtal & Regulatory Affairs Organization
Announcement
Body:: I agree with Mark's changes and I think the memo is good to go. -----------------
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Subject:: Transredes spill
Body:: Do we have someone who works for us now who was at Transredes when the government owned it and could help us do a comparison between our respective environmental records? It seems to me that even though we are having our share of problems we have probably had fewer problems than the government did and have probably been more responsive and thorough in our clean up efforts. Obviously we would need to be judicious about how we used such information (we don't want to aggravate the government) but having such an analysis may be helpful in showing the progress made and in discouraging overly punitive action by the government. What do you think?
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Subject:: Re: Executive Committee Recommendation - VP Candidate - Rick Fehl
Body:: OK by me. Ken Rice@ENRON COMMUNICATIONS 05/01/2001 03:48 PM To: Cliff Baxter/HOU/ECT Rick Buy/HOU/ECT Richard Causey/Corp/Enron@Enron James Derrick/Corp/Enron Andrew S Fastow/HOU/ECT Ben Glisan/HOU/ECT@ECT Steven J Kean/NA/Enron@ENRON Mark Koenig/Corp/Enron@ENRON Kenneth Lay/Corp/Enron@ENRON Mark Metts/NA/Enron Cindy Olson/Corp/Enron@ENRON Lou L Pai/HOU/EES@EES Jeffrey Sherrick/Corp/Enron Jeff Skilling/Corp/Enron@Enron Philippe A Bibi/HOU/ECT Raymond Bowen/HOU/ECT Michael R Brown/LON/ECT@ECT Wade Mark Frevert/NA/Enron James A Hughes/ENRON_DEVELOPMENT Louise Kitchen/HOU/ECT@ECT John J Lavorato/Corp/Enron Mike McConnell/HOU/ECT@ECT Rebecca McDonald/ENRON_DEVELOPMENT Jeffrey McMahon/HOU/ECT Greg Piper/Corp/Enron Jeffrey A Shankman/HOU/ECT John Sherriff/LON/ECT@ECT Greg Whalley/HOU/ECT@ECT Jeremy Blachman/HOU/EES@EES Harold G Buchanan/HOU/EES@EES David W Delainey/HOU/EES@EES Janet R Dietrich/HOU/EES@EES Dan Leff/HOU/EES@EES Mark S Muller/HOU/EES@EES Matthew Scrimshaw/LON/ECT@ECT Marty Sunde/HOU/EES@EES Thomas E White/HOU/EES@EES David Cox/Enron Communications@Enron Communications Steve Elliott/Enron Communications@Enron Communications Jim Fallon/Enron Communications@Enron Communications Kevin Hannon/Enron Communications@Enron Communications Rod Hayslett/FGT/Enron Stanley Horton/Corp/Enron@ENRON Danny McCarty/ET&S/Enron@Enron cc: Carol Ann Brown/Enron Communications@Enron Communications Dorothy Dalton/Enron Communications@Enron Communications Subject: Executive Committee Recommendation - VP Candidate - Rick Fehl Executive Committee: We would like to pursue an offer to Rick Fehl prior to the next Executive Committee meeting on May 7 2001. Please forward your comments or questions as soon as possible. You will find attached the recommendation letter and his resume. Regards Ken Rice & Kevin Hannon
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[/INST] Employment arrangements <s> |