|
|
Enron Mail |
Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: Jeff Dasovich X-To: Alan Comnes, Angela Schwarz, Beverly Aden, Bill Votaw, Brenda Barreda, Carol Moffett, Cathy Corbin, Chris H Foster, Christina Liscano, Craig H Sutter, Dan Leff, Debora Whitehead, Dennis Benevides, Don Black, Dorothy Youngblood, Douglas Huth, Edward Sacks, Eric Melvin, Erika Dupre, Evan Hughes, Fran Deltoro, Gayle W Muench, Ginger Dernehl, Gordon Savage, Harold G Buchanan, Harry Kingerski, Iris Waser, James D Steffes, James W Lewis, James Wright, Jeff Messina, Jeremy Blachman, Jess Hewitt, Joe Hartsoe, Karen Denne, Kathy Bass, Kathy Dodgen, Ken Gustafson, Kevin Hughes, Leasa Lopez, Leticia Botello, Mark S Muller, Marsha Suggs, Marty Sunde, Meredith M Eggleston, Michael Etringer, Michael Mann, Michelle D Cisneros, mpalmer@enron.com, Neil Bresnan, Neil Hong, Paul Kaufman, Paula Warren, Richard L Zdunkewicz, Richard Leibert, Richard Shapiro, Rita Hennessy, Roger Yang, Rosalinda Tijerina, Sandra McCubbin, Sarah Novosel, Scott Gahn, Scott Stoness, Sharon Dick, skean@enron.com, Tanya Leslie, Tasha Lair, Ted Murphy, Terri Greenlee, Tim Belden, Tony Spruiell, Vicki Sharp, Vladimir Gorny, Wanda Curry, William S Bradford, Kathryn Corbally, Jubran Whalan, triley@enron.com, Richard B Sanders, Robert C Williams, Greg Wolfe, James Wright, Dirk vanUlden, Steve Walker, Jennifer Rudolph, Martin Wenzel, Douglas Condon, wgang@enron.com, Scott Govenar <sgovenar@govadv.com<, Hedy Govenar <hgovenar@govadv.com< @ ENRON, jklauber@llgm.com, Mike D Smith, John Neslage, Janel Guerrero, Eric Letke X-cc: X-bcc: X-Folder: \Jeff_Dasovich_June2001\Notes Folders\Sent X-Origin: DASOVICH-J X-FileName: jdasovic.nsf ----- Forwarded by Jeff Dasovich/NA/Enron on 03/06/2001 12:42 PM ----- =09Alan Comnes@ECT =0903/06/2001 12:00 PM =09=09=20 =09=09 To: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Chris H=20 Foster/HOU/ECT@ECT =09=09 cc: Jeff Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Mary= =20 Hain/HOU/ECT@ECT, Steve C Hall/PDX/ECT@ECT =09=09 Subject: FW: EIX, PCG: Governor Announces Forward Contracts; CPUC to= Discuss=20 Revenue Allocation FYI. Davis is including the CalPX BFM contracts that he seized a while bac= k=20 and is valueing them at some undisclosed amount. GAC ---------------------- Forwarded by Alan Comnes/PDX/ECT on 03/06/2001 09:47= =20 AM --------------------------- From: Chip Schneider/ENRON@enronXgate on 03/06/2001 08:00 AM CST To: William S Bradford/ENRON@enronXgate, Michael Tribolet/ENRON@enronXgate,= =20 James D Steffes/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT, John=20 Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christopher F=20 Calger/PDX/ECT@ECT, W David Duran/HOU/ECT@ECT, Greg Blair/Corp/Enron@Enron,= =20 George Schaefer/NA/Enron@Enron, Terry W Donovan/HOU/ECT@ECT cc: =20 Subject: FW: EIX, PCG: Governor Announces Forward Contracts; CPUC to Discus= s=20 Revenue Allocation -----Original Message----- From: Paul Patterson <Paul_Patterson@xmr3.com<@ENRON=20 [mailto:IMCEANOTES-Paul+20Patterson+20+3CPaul+5FPatterson+40xmr3+2Ecom+3E+4= 0EN RON@ENRON.com]=20 Sent: Tuesday, March 06, 2001 7:13 AM To: Schneider, Chip Subject: EIX, PCG: Governor Announces Forward Contracts; CPUC to Discuss=20 Revenue Allocation Credit Suisse First Boston Paul Patterson Good morning, Recent developments in California's power crisis: -Yesterday, Governor Davis announced that the DWR has signed 40 contracts f= or=20 8,886 MW per year, over the next 10 years and at an average price of $69 pe= r=20 mWh. The DWR also has agreements in =01&principle=018 to cover 65-70% of it= s net=20 short power position this summer. -We remain cautious on the power purchase agreements, given past results of= =20 the state=01,s power auctions. At least two generators have indicated that,= =20 while they have signed MOUs with the DWR, the agreements are not definitive= =20 and issues still need to be resolved. -Also yesterday, District Court Judge Lew scheduled a trial date of July 31= =20 for Edison=01,s lawsuit against the CPUC. -On Thursday, the CPUC will address several utility issues. Of particular= =20 importance is the allocation of customer revenues to the DWR. The method of= =20 allocation is expected to determine whether the DWR or the utilities are at= =20 greater risk for undercollection. -We believe many uncertainties still remain. It is unclear when the state= =01,s=20 conceptual agreements with the utilities and the generators will be finaliz= ed=20 in addition to how the legislature will receive the agreements. -Consequently, we believe that investors should avoid EIX ($15.21, Hold) an= d=20 PCG ($14.75, Hold), unless they have a high tolerance for risk and volatili= ty. Please call us with any questions you may have. Regards, Paul Patterson, 212-325-5876 Neil Stein, 212-325-4217 Wen-Wen Chen, 212-538-0223 Emily Lao Chua, 212-325-1982 If you would prefer not to receive further messages from this sender, pleas= e=20 click on the following link and confirm your request: Mailto:K-2-62573-539027-2-151-US2-1F3DDD56@xmr3.com You will receive one additional e-mail message confirming your removal. - ppp030601.pdf
|