Re: Talking points on gas in CA

Christi - I think your two suggested solutions with environmental
implications are probably doable. The issue with retrofitting and burning
fuel oil is going to be the fact that fuel oil has greater emissions and thus
more offsets will be needed. The repowering/increasing of efficiency at
existing generation I believe has been addressed in the just signed SBX 28.

Christi L Nicolay@ECT
05/23/2001 02:27 PM
To: Jennifer Thome/NA/Enron@ENRON
cc: Rebecca W Cantrell/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, Ban
Sharma/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Jeff
Dasovich/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, Ray
Alvarez/NA/Enron@ENRON, Nancy Bagot/OTS/Enron@ENRON, Janel
Guerrero/Corp/Enron@Enron, Stephanie Miller/Enron@EnronXGate, Mary
Schoen/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron, Donna
Fulton/Corp/Enron@ENRON

Subject: Re: Talking points on gas in CA

Some comments, including a couple environmental ideas (that may not be
feasible--please check).

Jennifer Thome@ENRON
05/23/2001 08:13 AM
To: Rebecca W Cantrell/HOU/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT
cc: James D Steffes/NA/Enron@Enron, Ban
Sharma/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff Dasovich/NA/Enron@Enron, Joe
Hartsoe/Corp/Enron@ENRON, Ray Alvarez/NA/Enron@ENRON, Nancy
Bagot/OTS/Enron@ENRON, Janel Guerrero/Corp/Enron@Enron

Subject: Talking points on gas in CA

Becky and Christi:

Attached are revised talking points on natural gas in CA. I have made
revisions to reflect our discussion yesterday (e.g., no price caps, basis
differential is not explained by transportation costs, etc.).

As discussed, I hope to get input from the gas fundamentals group tomorrow
and finalize this document by Friday.

I welcome your feedback.

Jennifer
5-3550