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I think it looks good. a few suggestions though:
I haven't read the whole reprt so I can't say for sure that it alleges no price gouging (make sure to forward this to Jeff ... my e-mail is slow on the road). We can say though, that instead of blaming generators and marketers the report blames the structure of the market for California's woes. I think we should shorten the quote to something like " the reprt is consistent with what we have said all along. We should say that the scheduling penalties part of the order will "penalize utilities for underscheduling" not predicting. Hedging is not about holding pirces down so much as it is about protecting people from wild price swings ... that's what allowing utilities to buy outside the spot should help do. (Also, my title is just EVP and Chief of Staff) JMandelker@aol.com 11/01/2000 03:32 PM To: skean@enron.com, jeff.dasovich@enron.com cc: Subject: approval of FERC article for eBiz Thanks for talking to me about this article for this Friday's eBiz. Please read it over and let me have comments tomorrow morning (Thursday). it goes live 5 p.m. Thursday evening. Sorry for AOL -- my Notes is wreaking havoc today. (Jeff -- Steve confirmed that the report said power sellers did not exercise market power or price gouging, so I put it in the article.) Take care, Jeannie - FERC Report.doc
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