|
|
Enron Mail |
Jeff, thanks for the response. Consider yourself a member of Project
Boomerang. I suggest that we try to talk sometime Monday and I can fill in some of the detail on this effort. I did hear that the lawsuit was filed under Section 5 of AB1890. Does that make any sense to you ? I will call you Monday morning to discuss the project and the role that you can play to help the effort. Thanks Frank Jeff Dasovich@EES on 04/14/2000 04:36:35 PM To: Frank W Vickers/HOU/ECT@ECT cc: Paul Kaufman@ECT Subject: Re: Project Boomerang Frank: Sorry I didn't get back to you sooner. We're finalizing a deal to (among other things) have Socalgas unbundle its in-state transport, storage and balancing, sell off the transport and storage rights in an open season and create a secondary market for each. They will also permit trading of imbalances on their system. The deal's getting finalized today. (Paul, your pal Joe Karp has joined the deal.) The deal is currently scheduled to take effect beginning April 1, 2000. Stephanie Miller's been kept in the loop. May be something that folks might want include in due diligence w.r.t. to any gas contracts tied to the QFs. Your questions: 1. I am aware that the PUC just filed suit at FERC against El Paso for selling about 1.2 Bcf/day of gas capacity into California to Merchant Energy, but hadn't heard about a suit regarding the QFs. I will find out and let you know. 2. Yes, I am in a position to follow the debate and keep you informed. I'm assuming that your are up to speed on the debate as of today. If not, let me know and I and/or Paul can fill you in. If there's anything else, don't hesitate to holler. (415.782.7822). Good weekend to you both. Best, Jeff Frank W Vickers@ECT 04/14/2000 03:20 PM To: Jeff Dasovich/SFO/EES@EES cc: Paul Kaufman Subject: Project Boomerang Jeff, as you may know we are conducting due diligence on 11 california QF's that El Paso Merchant Energy purchased from Dynegy on Feb 1 of this year. we are considering the purchase of 50% of El Paso's interest. In discussions with Paul he suggested that I get you involved with the transaction. Two things come to immediate attention. I heard that the PUC has filed suit against El Paso relative to these 11 assets. What do you know about this ? NOw that the CPUC is trying to implement terms of AB 1890's section 390 alot of questions and methods are surfacing about calculations of payments to QF's. Are you in a postion to follow this debate and keep me informed during the process ?? Thanks Frank 503-464-3940
|