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Enron Mail |
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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Susan J Mara X-To: Alan Comnes, Angela Schwarz, Beverly Aden, Bill Votaw, Brenda Barreda, Carol Moffett, Cathy Corbin, Chris H Foster, Christina Liscano, Christopher F Calger, Craig H Sutter, Dan Leff, Debora Whitehead, Dennis Benevides, Don Black, Dorothy Youngblood, Douglas Huth, Edward Sacks, Eric Melvin, Erika Dupre, Evan Hughes, Fran Deltoro, Frank W Vickers, Gayle W Muench, Ginger Dernehl, Gordon Savage, Harold G Buchanan, Harry Kingerski, Iris Waser, James D Steffes, James W Lewis, James Wright, Jeff Messina, Jeremy Blachman, Jess Hewitt, Joe Hartsoe, Karen Denne, Kathy Bass, Kathy Dodgen, Ken Gustafson, Kevin Hughes, Leasa Lopez, Leticia Botello, Mark S Muller, Marsha Suggs, Marty Sunde, Meredith M Eggleston, Michael Etringer, Michael Mann, Michelle D Cisneros, Mike M Smith, mpalmer@enron.com, Neil Bresnan, Neil Hong, Paul Kaufman, Paula Warren, Richard L Zdunkewicz, Richard Leibert, Richard Shapiro, Rita Hennessy, Robert Badeer, Roger Yang, Rosalinda Tijerina, Sandra McCubbin, Sarah Novosel, Scott Gahn, Scott Stoness, Sharon Dick, skean@enron.com, Susan J Mara, Tanya Leslie, Tasha Lair, Ted Murphy, Terri Greenlee, Tim Belden, Tony Spruiell, Vicki Sharp, Vladimir Gorny, Wanda Curry, William S Bradford, Kathryn Corbally, Jubran Whalan, triley@enron.com, Frank W Vickers, Ren, Lazure, Jubran Whalan, Richard B Sanders, gfergus@brobeck.com, rcarroll@bracepatt.com, Kathryn Corbally, dwatkiss@bracepatt.com, Bruno Gaillard, Linda Robertson, Tom Riley, Jeff Dasovich X-cc: X-bcc: X-Folder: \Steven_Kean_June2001_4\Notes Folders\Discussion threads X-Origin: KEAN-S X-FileName: skean.nsf Auction Doesn't Get Much A contact of mine at the ISO told me that the auction "didn't get much" and the bids weren't "at the Governor's price". NPR today in SF reported that the Governor planned to negotiate the price in the bids (reported to average 6.9 cents) to a lower number. PX Stay CA Court issued a one-week stay preventing the PX from selling the IOUs' block forward position (to raise cash) when notified by the Attorney General that the Governor may want to obtain the value of the contracts. Attorney General Orders Exisiting ISO Board to Resign The CA Attorney General notified the existing, FERC-approved, ISO Board Members by letter on Wednesday (1/24) that he had filed a complaint in court and expected each of them to tender their resignation by Thursday (1/25). He stated that AB5 had superceded the past state law and led to creation of the new Board appointed by the Governor. If any Board member fails to notify the AG today, he will assume that he or she does not intend to relinquish their position and the AG "will proceed to serve and prosecute the complaint." The Board meets in Executive Session today. The only rumor I heard was for a mass resignation. Joe Hartsoe and Ron Carroll report that FERC does not intend to get involved at this time. The WPTF is considering an injunction. Governor Davis' ISO Board (DISOB) The "new" Board met and admitted they know nothing about the details of the ISO. The chair is Michael Kahn (he has been replaced on the Oversight Board by Cary Doan. The ISO informed the DISOB that FERC was expecting a filing on Jan 31 describing its market re-design. The DISOB decided to file a notice with FERC saying it has a new Board and can't meet the deadline, and promising a progress report in 60 days. Board Member Mike Florio reported thatn Bill Julian in the GOvernor's office had a little group pulled together to work on completely changing the ISO's market design. I found out who's in the group -- Bill Hogan and other Navigent members. That's it. The DISOB also agreed to an 8-hour meeting on 2/1. Armed State Takeover? My ISO contact (an individual who was born and raised in the Middle East) said that the Governor's office has informed the ISO that it has "sheriffs standing by" to takeover the powerplants if necessary and has already talked with the union, which has agreed to keep operatig the plants if the takeover happens. His comment to me: "This is like Russia."
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