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Enron Mail |
John:
Keep me posted on this matter. Thanks. Mark John Novak@ENRON 03/28/2001 02:04 PM To: Mark E Haedicke/HOU/ECT@ECT, Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Michelle Blaine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert C Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT cc: Subject: Cuiab? EPE -- Fine FYI, I received verbal notice today that EPE has been fined in the amount of R$2.2 million (approx US$1.1 million) for failure to comply with its IPP license -- specifically, the failure to dispatch at 450 MW per the instructions of the ONS. Aneel previously had delivered a notice of noncompliance to EPE and our response was delivered to Aneel on Friday, so the fine probably crossed our response in the mail. This is another salvo in the ongoing dispute as to whether our PPA, which pre-dates the new regulatory scheme, is to be treated as an exception or whether it needs to be completely renegotiated in order to be able to comply with the current regs. In any event, it is not good news. I will keep you posted as I get more details. Regards, John
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