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Enron Mail |
How about $1 billion to build some new pipelines in California?=20
=09Jeffery Fawcett =0911/22/2000 10:08 AM =09=09=20 =09=09 To: Jeff Dasovich/NA/Enron@Enron =09=09 cc: Susan Scott/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON =09=09 Subject: A chicken in every pot Hey, Wouldn't this fix everything? What a great idea- a govenment owned=20 utility. Who in their right mind would want to give the money back to=20 taxpayers? I think Enron should cast aside its dependency on free markets,= =20 and throw its support behind this well thought out public initiative. Let = us=20 know how Transwestern can help! Calif. lawmaker pushes for state energy reserve California State Sen. Steve Peace called for the state to set aside $2=20 billion of a projected $10 billion budget surplus to create a reserve account to serve the state=01,s= =20 energy needs. A representative at Peace=01,s office said the senator planned the fund as = a=20 =01&cushion=018 to help the state bounce back from energy price shocks like those that hit it last= =20 summer. Peace, speaking Monday at a briefing on the upcoming state budget, suggeste= d=20 that the California Legislature set aside $2 billion to use at a later date. The=20 funds could be included in the budget that Gov. Gray Davis is scheduled to announce Jan. 10. =20 Ostensibly, the government could use the funds to purchase some of the state=01,s transmission grid an= d=20 generation assets, or to build new assets. In his remarks, Peace said some of the $2 billion could be used to build a= =20 500-MW generation facility, which he estimates at $300 million, a peaker that could be set up= =20 for $16 million, or a transmission grid such as the $200 million system a California utility= =20 has proposed for the southern part of the state. =01&The use of public dollars to finance development, private-public=20 partnerships, or to capitalize publicly owned utilities are all options which California policymakers may= =20 have to consider if [FERC] is unable to bring wholesale energy markets under control,=018 he= said. Still, representatives at the senator=01,s office stressed that Peace was n= ot=20 making any policy decisions in his statement. Rather, a representative said, Peace was acting= =20 in his capacity as chairman of the Senate Budget and Fiscal Committee and setting aside funds= =20 that can be available for future use. Peace=01,s initiative comes on the heels of a report by the Legislature=01,= s=20 Legislative Analysis Office forecasting a $10.3 billion surplus for fiscal years 2000-2002 (a $6= .9=20 billion surplus for 2000-2001 and a $3.4 billion surplus for 2001-2002).=20
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