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Enron Mail |
Great work. Any indication that the publication of the Stanley investigation
is having any adverse effect? ----- Forwarded by Steven J Kean/NA/Enron on 11/26/2000 08:56 AM ----- Richard Shapiro 11/26/2000 07:53 AM To: Robert Hemstock/CAL/ECT@ECT cc: Steven J Kean/NA/Enron@Enron Subject: Re: Update - Proposed Alberta Power Pool Rule Changes Great news and congrats! Robert Hemstock@ECT 11/26/2000 01:19 AM To: Richard Shapiro/NA/Enron@Enron cc: Aleck Dadson/TOR/ECT@ECT Subject: Update - Proposed Alberta Power Pool Rule Changes Rick, You will recall Steve Kean participated in a conference call on Nov 14 with John Lavorato et al to discuss emergency Pool Rule changes that the Power Pool intended to implement in two days. We developed a 5 point action plan to deal with the proposed Power Pool rule changes that would have a significant impact on the value of Enron's PPA investment in Alberta. By way of update to Steve, you may wish to brief him that: 1) It appears the Power Pool will not proceed with the rule change designed to exclude importers from setting pool price. They will proceed with dispatch risk rule changes but we have given input on those too and I am optimistic that Enron will be able to live with these rule changes, the final wording of which we should see on Monday, 2) We have set up a meeting with the Minister of Resource Development (you, Rob Milnthorp and I will attend) on December 11 to encourage the Alberta Government to stay the course, and 3) This week we will finalize our "Lessons from other Jurisdictions" document (that Steve sent me materials to include in) and will provide it to the Alberta Government and Power Pool and then follow up with them. ---------------------- Forwarded by Robert Hemstock/CAL/ECT on 11/25/2000 11:52 PM --------------------------- Robert Hemstock 11/25/2000 11:53 PM To: Rob Milnthorp/CAL/ECT@ECT, Derek Davies/CAL/ECT@ECT, John Zufferli/CAL/ECT@ECT, Peter Keohane/CAL/ECT@ECT, Tim Belden/HOU/ECT@ECT cc: aleck.trawick@blakes.com, dpef@blakes.com, Aleck Dadson/TOR/ECT@ECT Subject: Update - Proposed Alberta Power Pool Rule Changes The attached memo provides an update on the status of the Power Pool's further consideration of the proposed rule changes. In summary, it appears the Pool will not proceed with the proposal to exclude import offers from setting pool price but will recommend a rule that reduces ability of suppliers to become price takers on volumes that were originally priced too high to clear the merit order. I will receive more specifics on the dispatch risk rule change on Monday. Regards, Rob
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