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Enron Mail |
----- Forwarded by Jeff Dasovich/NA/Enron on 11/21/2000 04:43 PM -----
Steven J Kean 11/18/2000 07:26 AM To: Jeff Dasovich/NA/Enron@Enron cc: Jeff Dasovich/NA/Enron@Enron, Robert Hemstock/CAL/ECT@ECT, skean@enron.com Subject: Re: Hard Lessons from California It's worth noting too (perhaps as part of Jeff's first or second points) that in addition to chasing existing power supplies out of the state, price caps, and the uncertainty surrounding them, chase new generation away. The turbine market is a worldwide market. Firms will have difficulty committing their own capital (and borrowing from others) if they propose to put facilities in jurisdisctions where rates are capped or pricing is based on something other than the operation of the market. Several generators, including Dynegy and Calpine, have said they will look for other homes for the turbines they have ordered. Jeff Dasovich Sent by: Jeff Dasovich 11/17/2000 02:44 PM To: Robert Hemstock/CAL/ECT@ECT, skean@enron.com cc: Subject: Hard Lessons from California Rob: Here's a quick and dirty list of some lessons from California that Alberta may not want to repeat. Steve, let me know if I've missed any messages we're using to describe California's woes (or mangled any, for that matter. If you have any questions, don't hestitate to get in touch. Best, Jeff
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