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Enron Mail |
---------------------- Forwarded by Shelley Corman/ET&S/Enron on 04/28/2000
02:31 PM --------------------------- Shelley Corman 04/28/2000 02:31 PM To: Colleen Sullivan/HOU/ECT@ECT cc: Rebecca W Cantrell/HOU/ECT@ECT, Leslie Lawner/HOU/EES@EES@ECT, shak@ev1.net@ECT Subject: Re: FERC Presentation It is my understanding that Enron Gov't Affaits would like us to use the FERC visits to make the case that the wholesale gas markets are very liquid and competitive, while wholesale electric markets are not -- largely because the FERC has not fully unbundled electric transmission. FERC should be spending 90% of its time fixing fundamental structural rules in the electric side and 10% refining rules on the gas side. That is not to say that there aren't important revisions that the FERC should take up on the gas side. These fixes, however, can be characterized as refinements, as contrasted with the fundamental changes we seek on the electric side. Moreover, these changes may largely be addressed by the recent Order 637. With respect to E-commerce, I believe that the Enron message is that the FERC should fix the structural problems and get out of the way - e-commerce will come and in most cases is already here. Dave Forster of EnronOnLine will be making a presentation that focuses on how much more liquid gas is than power, as evidenced by tight spreads. In previous presentations to FERC folks, Steve Kean has made the point that while the rules are far from perfect on the gas side (i.e. tariffs are still not standardized), the market works because FERC got the basic structural rules right (i.e. 636 unbundling). I think all your areas of improvement are appropriate (of course I don't necessarily like them as a pipeliner), but I think they fit the overall Enron message if presented as a list of refinements. I plan to speak to them about competitive pressures our pipeline face, our current web sites, plans for Order 637 postings and intraday capacity release. Here are my thoughts on getting your points across within the overall theme. I'm also sending out a separate email outline of the day.
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