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Enron Mail |
I don't envy your position. At some point, the document must be finished and
folks need to determine whether they'll sign or not. I greatly admire Rich Gilbert, but his comments (re: regulatory intervention is a good thing, and now this one) will surely create considerably controversy and could greatly upset the apple cart altogether. Best of luck, Jeff Talked to Tyson. She's really working it, which is great, and I continue to focus my efforts there. My company is squarely behind her efforts. Thanks again for organizing the meeting last weekend. "Richard J. Gilbert" <gilbert@econ.Berkeley.EDU< 01/24/2001 01:03 PM To: David Teece <teece@haas.berkeley.edu< cc: <tyson@haas.berkeley.edu<, <tom_campbell@law.stanford.edu<, <shmuel@euler.berkeley.edu<, <willrichm@aol.com<, <george_barker@lecg.com<, <cdanner@wilkandassociates.com<, <scott_harvey@lecg.com<, <jscadding@wilkandassociates.com<, <spiller@haas.berkeley.edu<, <mwilk@wilkandassociates.com<, <phillip_mcleod@lecg.com<, <berk@haas.berkeley.edu<, <john_chandley@lecg.com<, <jdasovic@enron.com<, <lfried@uclink.berkeley.edu<, <william_hogan@harvard.edu<, <rmichaels@fullerton.edu<, <richard.rumelt@anderson.ucla.edu<, <rschmidt@lecg.com<, <pverleger@compuserve.com<, <joseph.mullinix@ucop.edu<, <steven@stoft.com<, <peter.gosselin@latimes.com< Subject: Re: Final Version-Manifesto One more thing: No one talked about bailing out consumers when retail prices were above spot prices (by about $40/MWh by my calculation) in the 2+ years following deregulation. Surely, if we bail out the utilities by raising prices now, consumers should be credited for the above-market prices that they paid in the past. Rich ------------------------ Richard J. Gilbert Professor of Economics 549 Evans Hall University of California Berkeley, CA 94120-3880 tel (510) 642-1507 fax (510) 339-6493
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