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Enron Mail |
---------------------- Forwarded by Carla Hoffman/PDX/ECT on 11/30/2000 06:32
AM --------------------------- Enron Capital & Trade Resources Corp. From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com< 11/30/2000 06:15 AM To: undisclosed-recipients:; cc: Subject: DJ Calif Gov Considers Rereg, Ban On Power Exports 13:15 GMT 30 November 2000 =DJ Calif Gov Considers Rereg, Ban On Power Exports (This article was originally published Wednesday) By JASON LEOPOLD Of DOW JONES NEWSWIRES LOS ANGELES (Dow Jones)--California Gov. Gray Davis is considering a number of steps to repair the state's flawed deregulated wholesale electricity market, including banning the export of power from the state, according to a draft report. The two-paged draft, titled "Options Regarding California Electricity: For Discussion Purposes Only," is being circulated by the governor's office to lawmakers and energy officials, sources close to the issue said Wednesday. The document, obtained by Dow Jones Newswires, details steps the state could take to fix its troubled wholesale power market. All of the items in the draft were under consideration, including a return to regulated markets, said Steve Maviglio, the governor's press secretary. Maviglio said Davis will announce some details of his energy plan Friday, the deadline for the governor to reply to the Federal Energy Regulatory Commission's proposals for repairing the state's power markets. One proposal that the governor is expected to adopt is to develop a state power authority to build power plants and own and operate transmission systems, the source said. Among the ideas under consideration are the following: -Eliminate the California Independent System Operator, manager of one of the state's two wholesale power markets and much of its power grid. -Extend the freeze on retail electricity rates charged by Edison International (EIX) unit Southern California Edison and PG&E Corp. (PCG) unit Pacific Gas & Electric Co. -Require utilities to retain existing generation and to build new power plants. -Consider re-asserting state authority over the operation, maintenance and safety practices of all in-state generating facilities for public health and safety purposes. -Authorize California's publically held utilities to purchase the majority of their power in forward markets. -Pressure the FERC to "do its job" by imposing a regional price cap on wholesale energy that varies by time of day and year. -Continue to lobby for billions of dollars in refunds for "unjust and unreasonable" rates charged to California consumers. -By Jason Leopold, Dow Jones Newswires; 323-568-3874; jason.leopold@dowjones.com (END) Dow Jones Newswires 30-11-00 1315GMT Copyright © 2000, Dow Jones & Company Inc G_nther A. Pergher Senior Analyst Dow Jones & Company Inc. Tel. 609.520.7067 Fax. 609.452.3531 The information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any computer.
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