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Enron Mail |
Got your message re: reverse auction all of the utility's demand. Getting
(interestingly complicated), though. Now, the utilities want to create a "core/noncore" split in electricity, like in gas (where large gas customers can't take commodity from the utility). With a core/noncore split, Edison claims that QF contracts, nukes and other existing generation that it still holds is sufficient to meet "core" needs and it therefore may not need "contracts." As you can imagine, large customers ain't clamoring to get thrown into the market as "noncore" customers right about now. But they may find themselves without a choice. I talked to Calger on Friday about reverse auction versus benchmark and I'll be talking to the traders about it this afternoon, and we'll be discussing further when Rick, Steffes et al are here tomorrow. Will let you know where it goes. Best, Jeff
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