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Thanks, Mark. Sounds good. As it turns out, there is a very slight chance
that I might be on the panel in California with Prof. Littlechild. I'll take you/him up on the offer to get together while he's here. Best, Jeff Mark Schroeder@ECT 10/20/2000 04:48 AM To: Jeff Dasovich/NA/Enron@Enron, Nicholas O'Day/AP/Enron@Enron cc: Subject: Fw: retail competition in electricity Professor Littlechild has written a peper on the importance of retial markets (being open) to the development of a well-functioning liberalised/deregulated energy market, i.e., wholesale markets alone to suffice. As it turns out, Paul Dawson and Chris Day of my team here in London have reviewed and commented on earlier drafts of this paper. We have paid for none of his research, and there will be no explicit recognition of Enron support for the work. However, Littlechild, as Jeff already knows, has been asked to present his paper to a seminar/conference in California, and to a Tokyo research institute. Much of his travel is paid for, but he was not being compensated for his time in making these trips. Given that his message is one we want to get out into the marketplace of ideas, I have agreed to pay him for one day of his usual professional rate/fees, each, for San Francisco and Tokyo. In turn, he has offered to come into our offices (your offices) to meet with you, discuss his research, and to learn more about your business and your issues. May i suggest that if you are interested, and I think this is a worthwhile way to exchange ideas/views, that you just contact him directly, referencing that you work with me and I passed along his offer. I will be sending to each of you a copy of a monograph I have on the paper (I am not sure if it is the full piece of work) for your information and future reference. Nick - after meeting him, you might inquire as to whether you can publish his paper on your Japan web-site. thanks and let me know if you need any more information. mcs ---------------------- Forwarded by Mark Schroeder/LON/ECT on 20/10/2000 10:42 --------------------------- Enron Capital & Trade Resources Corp. From: "Stephen Littlechild" <littlechild@tanworth.mercianet.co.uk< 17/10/2000 11:02 To: "Mark Schroeder" <mark.schroeder@enron.com< cc: Subject: Fw: retail competition in electricity Dear Mark Sorry to keep pressing you, but I am not sure whether you received this message and whether the proposed support is acceptable to you. I received only your subsequent comment that VAT is no problem. I need to give an answer to Berkeley and Tokyo before I leave in a few hours time. Regards Stephen ----- Original Message ----- From: Stephen Littlechild <littlechild@tanworth.mercianet.co.uk< To: <Mark.Schroeder@enron.com< Sent: Wednesday, October 11, 2000 2:14 PM Subject: Re: retail competition in electricity < Dear Mark < < Thanks for the very helpful quick word last night. I welcome your support to < make it possible to give the talks at Berkeley and in Tokyo. < < You asked for details of the second event. The organiser is Katsuhiko < Suetsugu and the event is a Symposium on Electric and Gas Competition < Policy, November 27. I am forwarding to you a copy of the invitation that < sets out the details. It mentions that FERC comissioner Bill Massey has been < invited and I understand that he has now accepted. < < KH has also arranged for me to speak at a breakfast meeting the next day of < The Tokyo Energy Policy Club (TEPC). "This is an informal, private group < with eighteen members consisting of senior executives and experts in energy < and related fields in Japan. TEPC was formed in February 1999 and is < co-hosted by Mr. Yoshihiro Sakamoto, President of the Institute of Energy < Economics of Japan and myself. The objective of TEPC is to provide the < members with opportunities to meet and exchange views with leaders of < international communities for energy, environment, international currency < and security." < < As regards support for the two trips, I explained to you that I have some < offers of contributions to travel expenses, in whole or part, for each one, < but there are no fees for these talks, and the time necessary to travel and < deliver them would be significant. This would especially be the case if I < combined them, which would be necessary to cover total travel costs to SF, < but then I face additional accommodation costs in between, and more < importantly "dead time" for almost three weeks. Anyway, these are my < problems, but I think it would make it possible for me to accept the < invitations if Enron were to provide some support. How about the following: < commissioning two days of advice/discussions, one each in San Francisco and < Tokyo, at my standard commercial rate of o3000 pounds sterling per day, < total o6000. I don't need to take up your colleagues' time to this extent, < but a discussion with them would be useful to fill in the picture. Perhaps < you would let me have their names and contact addresses. As you said, we can < talk later about possible longer term arrangements. < < As agreed, I am posting you a hard copy of my paper. You have the original < on my previous email (the one below) but in case you would like to see the < nature of my argument I am attaching here the two page summary. < < I look forward to hearing from you. < With best wishes < Stephen < ----- Original Message ----- < From: <Mark.Schroeder@enron.com< < To: <littlechild@tanworth.mercianet.co.uk< < Sent: Friday, September 22, 2000 9:21 AM < Subject: Re: retail competition in electricity < < < < < Enron is interested in supporting your work, but I need to discuss it < further with you. I am travelling the next 9 working days. I could reach < you from my travel, but if you receive this today (Friday, 22/9), please < call me in London at 020 7783 6664. I look forward to hearing from you. < thank you Mark Schroeder < < < < < (Embedded Enron Capital & Trade Resources Corp. < image moved < to file: From: "Stephen Littlechild" < pic16827.pcx) <littlechild@tanworth.mercianet.co.uk< < 08/09/2000 10:00 < < < < < < < To: "Ralph Hodge" <ralph.hodge@enron.com< < cc: "Mark Schroeder" <mark.schroeder@enron.com<, "Kyran Hanks" < <Kyran.Hanks@enron.com< < < Subject: retail competition in electricity < < < < Dear Ralph < < I have just written a paper on retail competition in electricity, arguing < that Joskow, Hogan and Ruff, and California, have got it all wrong, both < in theory and in practice. It is forthcoming shortly in the DAE and Judge < Institute working paper series at Cambridge, but I thought you might like < to see a copy now (attached). < < This is obviously a hot issue in California at present, and this morning I < received an invitation to participate in a debate there in November (copy < forwarded separately). It seems that Enron is also to be invited. I have < no other commitments in the US at that time. Is is something that Enron < might be interested in supporting, or for that matter developing further? < < We spoke some time ago about the Common Carriage Consultative Working < Group at Ofwat. I did in fact aprticipate in that, along with Kyran Hanks. < It was a real eye-opener, to see how little awareness there was of the < basic conditions conducive to competition, like separate businesses and < accounts. I'm not sure whether Enron is pursuing this now or not. No < doubt lots of other things going on. < < I should be interested to hear from you on retail competition. I am < copying this to Mark Schroeder and Kyran. < < With regards < < Stephen < (See attached file: Summary 22Aug2000.doc) < (See attached file: Why we need electricity retailers 22Aug00.doc) < < < <
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