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Enron Mail |
---------------------- Forwarded by Steven J Kean/NA/Enron on 08/24/2000
05:43 PM --------------------------- Steven J Kean@EES 08/24/2000 12:28 PM Sent by: Steven J Kean@EES To: Bruno Gaillard/SFO/EES@EES cc: Edward Hamb/HOU/EES@EES, Jennifer Rudolph/HOU/EES@EES, Chris Hendrix/HOU/EES@EES, Greg Cordell/HOU/EES@EES, Harold G Buchanan/HOU/EES@EES, Martin Wenzel/SFO/HOU/EES@EES, Douglas Condon/SFO/EES@EES, James M Wood/HOU/EES@EES, Gary Mirich/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Roger Yang/SFO/EES@EES, David Parquet@ECT@EES, mday@gmssr.com@EES, SF Directors@EES, Paul Kaufman/PDX/ECT@ECT@EES, Marcie Milner/Corp/Enron@ENRON@EES, Mary Hain@Enron@EES, Harry Kingerski/HOU/EES@EES, James D Steffes/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Karen Denne@Enron@EES, Mark Palmer/Corp/Enron@ENRON@EES, Steven J Kean/NA/Enron@Enron@EES, Christopher F Calger/PDX/ECT@ECT@EES Subject: Re: Daily Update / Legislative Update - 8/23/00 It's hard to formulate a position without more of the specifics, but I think our message should generally be: We support providing immediate rate relief to small residential customers. We believe that relief is best provided by giving San Diego the ability to procure power on a fixed price basis from the market. San Diego has offers in front of it now; those should be evaluated and the legislature and the commission should give San Diego the flexibility to accept one or more of them. This is sounder than running huge deferrals (deficits) to be later recovered from consumers. Rate relief should be accompanied by real reform. Rate caps have bad long term consequences: they cause shortages. Combining short-medium term rate relief with expedited siting of new facilities will address the near term problem while laying the proper groundwork for a long term solution. Bruno Gaillard@EES 08/24/2000 11:08 AM To: Edward Hamb/HOU/EES@EES, Jennifer Rudolph/HOU/EES@EES, Chris Hendrix/HOU/EES@EES, Greg Cordell/HOU/EES@EES, Harold G Buchanan/HOU/EES@EES, Martin Wenzel/SFO/HOU/EES@EES, Douglas Condon/SFO/EES@EES, James M Wood/HOU/EES@EES, Gary Mirich/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Roger Yang/SFO/EES@EES, David Parquet@ECT, mday@gmssr.com, SF Directors, Paul Kaufman/PDX/ECT@ECT, Marcie Milner/Corp/Enron@ENRON, Mary Hain@Enron, Harry Kingerski/HOU/EES@EES, James D Steffes/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Karen Denne@Enron, Mark Palmer/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Christopher F Calger/PDX/ECT@ECT cc: Subject: Daily Update / Legislative Update - 8/23/00 This email reflects today's events in Sacramento. The information provided is subject to change because of constant flux. However it is important for us to provide this information for feedback and to caution as to new regulations that may affect some deals in the making . Governor Davis, Assembly Women Susan Davis, and Senator Alpert had a press conference. They will introduce a rate/bill stabilization plan for SDG&E and an expediting siting bill. There is no language as of yet. Although there is no specific language, the following elements may be included: The stabilization plan will be applicable to residential and probably commercial customers in SDG&E The bill cap may be set at $68 for residential. The cap will be in place until the end of 2002 There will be language on expediting siting for generation plants Sam Wehn and Sandra McCubbin have been talking with the CEC executive director and several legislators about the siting portion of the bill. Any comments as to the bill cap proposal?
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