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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: Arnold, John </O=ENRON/OU=NA/CN=RECIPIENTS/CN=JARNOLD< X-To: Allen, Margaret </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mallen3< X-cc: X-bcc: X-Folder: \JARNOLD (Non-Privileged)\Arnold, John\Sent Items X-Origin: Arnold-J X-FileName: JARNOLD (Non-Privileged).pst I assume you're going to let people select news categories such as us energ= y news and avoid articles about paskistani oil fields. -----Original Message----- From: Allen, Margaret=20 Sent: Wednesday, October 10, 2001 10:59 AM To: Arnold, John Subject: FW: Daily Energy News Update, 10 October: BPA and Kaiser Reach Agr= eement on Power What about this one? Do you find it helpful or interesting? It focuses more= on Policy, so it might not apply as much...MSA =20 -----Original Message----- From: Enron Forum [mailto:EnronForum@enronforum.com] Sent: Wednesday, October 10, 2001 6:58 AM Subject: Daily Energy News Update, 10 October: BPA and Kaiser Reach Agreeme= nt on Power <http://www2.intellibridge.com/graphics/EnergyPolicyHeader.gif<;=09 =09 <http://www2.intellibridge.com/graphics/TopTab.gif<;October 10, 2001=09 <http://www2.intellibridge.com/graphics/blackbar.gif<; =09 <http://www2.intellibridge.com/graphics/MoreStories.gif<;=09 <?XML:NAMESPACE PREFIX =3D O /< United States-Energy:=20 Senate Panel Discusses Multi-Pollutant Plan <https://www2.enronforum.com/co= ntent?content_id=3D115988503< United States-Energy:=20 Entergy Supports Delaying Arkansas Deregulation <https://www2.enronforum.co= m/content?content_id=3D115982003< United Kingdom-Energy:=20 AEP to Acquire Edison's UK Power <https://www2.enronforum.com/content?conte= nt_id=3D115984603< Canada-Energy:=20 Burlington Resources to Buy Canadian Hunter for $2.1 Billion <https://www2.= enronforum.com/content?content_id=3D115986203< Pakistan-Diplomacy:=20 Report: Pakistan Cuts Ties with Taliban <https://www2.enronforum.com/conten= t?content_id=3D115969103< South/Southeast Asia-Politics:=20 ASEAN Signals Caution on War Against Afghanistan <https://www2.enronforum.c= om/content?content_id=3D115968403<=20 United States-Energy:=20 BPA and Kaiser Reach Agreement on Power (IB) Kaiser Aluminum and the Bonneville Power Administration (BPA) reached an ag= reement on a five-year power delivery deal that has been the source of conf= lict between the two parties for almost a year. Kaiser Aluminum closed its = smelting operations in the Pacific Northwest in late 2000, choosing to rese= ll contracted power from the BPA on the spot market. According to the Spoke= sman Review, "Kaiser netted more than $460 million from the sales." Other a= luminum companies reselling power from BPA reached agreements during spring= 2001 with Bonneville. Under these agreements, the companies agreed to keep= smelters off line to keep power supplies ample in the region, and BPA agre= ed, in return, to give the smelters, when they restarted operations, a $20 = per megawatt-hour (MWh) credit for obtaining power from sources other than = BPA. Months of wrangling produced a contract between Kaiser and the BPA tha= t negates a "take-or-pay" clause that would require Kaiser to pay for the f= ederal power whether used or not. BPA said, "Under the agreement signed tod= ay, Kaiser will avoid the possibility of paying damages if it does not take= all the power under the contract...And if [BPA] can't resell it, we are no= t going to hold [Kaiser] liable for the difference," Clearing Up reported. = As a concession for the elimination of the "take-or-pay" clause, Kaiser wil= l receive interruptible service from the BPA on some of its 240 MW load. Ka= iser received criticism from union groups who claimed that the company was = using the money it had gained reselling power "to pay down long-term debt, = rebuild a refinery in Louisiana and reward executives with excessive bonuse= s," rather than splitting the money between workers that had been laid off,= the BPA, and building generation, AP reported. More... <https://www2.enron= forum.com/content?content_id=3D115987203<=20 <https://ib.intellibridge.com/content?content_id=3D80296803< United States-Energy:=20 CA Power Authority Names CEO (IB) The California Consumer Power and Conservation Financing Authority named La= ura Doll its new chief executive officer on 5 October. Texan Doll "had prev= iously worked for several communications and consulting firms," and will be= receiving a salary of $200,000 as the power authority's CEO, according to = the San Francisco Chronicle. S. David Freeman, the authority's chair, will = retain his post. Freeman said he will "handle fewer administrative duties,"= and will "be able to devote more time to reaching out to interest groups s= uch as the Legislature and consumer groups," The Chronicle reported. Accord= ing to a 7 October report in the Orange County Register, consumer groups, b= usinesses, and the legislature have questioned the recent actions of the po= wer authority, which has vowed to secure nearly 3,000 megawatts (MW) of pow= er by summer 2002 to avoid power shortages. The power authority, which was = created by Governor Gray Davis and the state Legislature in May 2001, can i= ssue up to $5 billion in bonds to bolster the state's power supply through = financing new renewable generation or peaker projects. The Register said th= at businesses and consumer groups are worried that higher electricity rates= could be the result of the power authority initiative to bring 1,000 MW of= green power and 2,000 MW of peaker generation on line by summer 2002. The = state's Joint Legislative Audit Committee would look into the authority's p= lanned purchases, according to the committee chair, Assembly member Fred Ke= eley. Keeley said "it's appropriate early and often to review their work in= a public venue and have them held accountable for compliance of the law," = the Register reported. More... <https://www2.enronforum.com/content?content= _id=3D115979903< United States-Energy:=20 FERC Refunds Ordered (IB) On 5 October, the Federal Energy Regulatory Commission (FERC) ordered four = power marketers to provide refunds for July sales that exceeded a federally= mandated price limit. Dynegy Corp., Mirant Corp., Williams Cos., and Relia= nt Energy were the companies specifically mentioned. Under a 19 June FERC o= rder, price limits were established in 11 Western states to help tame the v= olatile electricity spot market. The June order stated that companies charg= ing in excess of the mitigated price had seven days past the end of the mon= th in question to file justifications for their overcharges. The 5 October = order said that the aforementioned companies filed justifications, but all = were rejected, and that other companies that overcharged during July, but d= id not file justifications, would also be subject to ordered refunds. Altho= ugh FERC did not release specific figures, the California Independent Syste= m Operator said that total overcharges for the month amounted to $260,000, = The Los Angeles Times reported. The commission's order explained the reject= ion of cost justifications for the four companies. The explanations by Mira= nt and Dynegy, filed more than seven days after July ended, were "untimely = and...neither company supported in detail its actual costs for its transact= ions," according to the document. Reliant's filing was "not consistent with= the requirements of the June 19 Order," and Willams "did not provide any c= ost support for its transactions beyond restating general objections to the= commission's pricing methodology," the commissioners wrote. A Mirant spoke= sman told Reuters that "his company was ordered to refund $33,800," while a= Williams spokesman told the LA Times "$30,000 worth of electricity sales a= re subject to the FERC rebate for both June and July." More... <https://www= 2.enronforum.com/content?content_id=3D115981303<=20 =20 <http://www2.intellibridge.com/graphics/TopAnalysis3.gif<;=09 =09 United States-Security: Role of Homeland Defense Czar <https://www2.enronfo= rum.com/content?content_id=3D115979303< North America-Energy: Texas Faces Transmission Line Shortages <https://www2= .enronforum.com/content?content_id=3D115986903< =09 =09 <https://ib.intellibridge.com/intellimemo< <https://ib.intellibridge.com/= expertlink< =09 =09
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