Enron Mail

From:david.delainey@enron.com
To:rob.milnthorp@enron.com
Subject:Ontario Update
Cc:
Bcc:
Date:Fri, 23 Jun 2000 10:51:00 -0700 (PDT)

Rob, makes sense. How does this change our view on Moore?

egards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 06/23/2000
05:50 PM ---------------------------


Rob Milnthorp
06/23/2000 04:48 PM
To: David W Delainey/HOU/ECT@ECT
cc: Richard Shapiro/HOU/EES@EES
Subject: Ontario Update

Dave, I didnt get a chance to talk to you during your meeting but thought I
should make you aware of the following. Unfortunately, we have experienced a
bit of a set-back re Ontario market opening. As you know, the market was
scheduled to open November 1,2000. We had anticipated somewhat of a delay and
had forecasted a Feb 1, 2001 start. This week the Minister of Energy
announced that market opening would be delayed "about 6 months". This of
course is very dissppointing to us and Aleck Dadson is working hard with the
Ministry and other interested parties in shoring up a date with a tighter
time frame.

The reason for the delay is primarily due to the lack of readiness on behalf
of the IMO. This is a frustrating situation for the minister and as such he
has moved to appoint myself to the IMO Board. It should be noted that the
Minister did not accept the IMO's board recommendation but unilaterally went
with me. He was intent on appointing someone who had goal alignment re
opening this market asap. This goes a long way in illustrating the great job
our regulatory group (Aleck Dadson) has done/is doing in
positioning/developing credibility with the Ministry of Energy.

I know that you had concerns re time commitment but I believe strongly that
Enron needs a voice at the IMO Board as this is a critical point in time to
shape this marketplace.

Regards
Milnthorp