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Enron Mail |
2 e-mails attached
---------------------- Forwarded by Richard Shapiro/NA/Enron on 07/06/2001 = 03:37 PM --------------------------- Pat Shortridge 07/06/2001 01:18 PM To:=09John Shelk/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Chris Long= /Corp/Enron@ENRON, Richard Shapiro/NA/Enron@Enron, Mark Palmer/Corp/Enron@E= NRON, Carolyn Cooney/Corp/Enron@ENRON cc:=09=20 Subject:=09Davis & Company -- incompetence personified You hate to say that someone can't do anything right, but THESE GUYS CAN'T = DO ANYTHING RIGHT. California Power-Buying Data Disclosed in Misdirected E-Mail By Daniel T= aub Sacramento, California, July 6 (Bloomberg) -- California Governor Gray= Davis's office released data on the state's purchases in the spot electric= ity market -- information Davis has been trying to keep secret -- through a= misdirected e-mail. The e-mail, containing data on California's power pur= chases yesterday, was intended for members of the governor's staff, said Da= vis spokesman Steve Maviglio. It was accidentally sent to some reporters on= the office's press list, he said. Davis is fighting disclosure of state p= ower purchases, saying it would compromise negotiations for future contract= s. This week, Davis appealed a state judge's order to release spot-market i= nvoices, purchase orders and confirmation sheets for power contracts signed= through June 27. The state is buying electricity on behalf of utilities, w= hich are burdened by debt. ``It's an internal document,'' Maviglio said of= the e-mail. ``We have a meeting every morning where we discuss issues of t= he day.'' The e-mail contained minutes of today's meeting, he said. Accord= ing to the e-mail, the state bought 283,000 megawatt- hours of electricity = for $37.4 million yesterday. One megawatt- hour is enough electricity to li= ght 750 typical California homes for an hour. Prices ranged from $25 to $14= 9.99 a megawatt-hour. Maviglio said the information in the e-mail is accura= te. Power for next-day delivery during peak-use hours averaged $79.67 a me= gawatt-hour on the California-Oregon border yesterday, according to Bloombe= rg Energy Service. California paid an average of $132 on the spot market, a= ccording to the e-mail. Prices on the spot market tend to be higher than on= the day-ahead market. The governor has proposed releasing data on spot-ma= rket purchases once a quarter, arguing that the state uses power-buying str= ategies tailored to each season. Lawyers for the media and Republican legis= lators say state law requires disclosure of contracts within seven days aft= er they are signed. =09 ---------------------- Forwarded by Richard Shapiro/NA/Enron on 07/06/2001 = 03:37 PM --------------------------- Ban Sharma@ENRON_DEVELOPMENT 07/06/2001 01:27 PM To:=09Mark Palmer@ENRON cc:=09Richard Shapiro@Enron=20 Subject:=09DWR Contracts Summary Website Mark, Your site is finally activated. Real interesting. Worth a look Link to the DWR Contracts.=20 http://www.sco.ca.gov/power_page/contract_info.htm Ban An interesting article too: Connell: Power cost twice Davis' figure=20 July 6, 2001=20 By JOHN HOWARD The Orange County Register=20 SACRAMENTO -- The average cost of electricity purchased under $43 billion o= f worth of state contracts is actually more than double the amount reported= by Gov. Gray Davis' administration, state Controller Kathleen Connell said= Thursday.=20 Connell said her staff's analysis put the per-megawatt average at $170, com= pared with $69 to $79 estimated by Davis.=20 Connell stopped short of suggesting that the higher cost could drive anothe= r increase in rates, although consumer groups said the higher amount likely= would require some future increase.=20 The controller, who writes the state's checks, said her figures assume fixe= d prices for natural gas over the duration of the contracts, which range fr= om a few months to 20 years.=20 The administration, noting that nearly half its contracts are pegged to the= fluctuating market price of natural gas, said costs on many of the contrac= ts would decline over time.=20 Consumer groups were skeptical of the administration's numbers.=20 "You could cut these numbers in various ways and make different averages, l= ong-range or short-range contracts, peak power or nonpeak, and probably eit= her average could be defended mathematically," said Nettie Hoge of The Util= ity Reform Network. "We can't tell you whether it's $69 or $170 - the contr= acts are very convoluted and complex."=20
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