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Enron Mail |
Cc: steven.kean@enron.com
Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit Bcc: steven.kean@enron.com X-From: Miyung Buster X-To: Joe Hartsoe@ENRON, Sandra McCubbin@EES, Susan Mara@EES, Paul Kaufman@ECT, Karen Denne@ENRON, Jeff Dasovich@EES, Mark Palmer@ENRON, James D Steffes@EES, Richard Shapiro@EES, Elizabeth Linnell@EES, Jeannie Mandelker@ECT, filuntz@aol.com, Mark Schroeder@ECT, Peter Styles@ECT, Liz@luntz.com, Mona L Petrochko@EES, Peggy Mahoney@EES, Nicholas O'Day, Mike Dahlke, Rob Bradley@ENRON, Shelley Corman@ENRON, Jennifer Rudolph X-cc: Steven J Kean X-bcc: X-Folder: \Steven_Kean_June2001_4\Notes Folders\Discussion threads X-Origin: KEAN-S X-FileName: skean.nsf ----- Forwarded by Miyung Buster/ENRON_DEVELOPMENT on 10/09/2000 09:27 AM ----- djcustomclips@djinteractive.com 10/04/2000 04:25 PM Please respond to nobody To: 86464@WCTOPICS.djnr.com cc: Subject: Utilities, Electric: Deregulation: USA: Calif. utilities seek ISO power price cap cut to ... Reuters USA: Calif. utilities seek ISO power price cap cut to $100. ? 10/04/2000 Reuters English News Service (C) Reuters Limited 2000. SAN FRANCISCO, Oct 4 (Reuters) - Pacific Gas and Electric Co (PG&E) said Wednesday it is joining with Southern California Edison and a California consumer group to seek a reduction of the Independent System Operator (ISO) price cap for electricity to $100.00 per megawatt hour (MWh) from the current $250.00 cap. PG&E, the utility subsidiary of San Francisco-based PGOCorp. , proposed the lower price cap as part of a broader package of steps it is taking to "make sure the California power market can operate more efficiently," a company official told reporters at a briefing here. Southern California Edison is the utility subsidiary of Edison International , based in Rosemead, Calif. PGOsaid the request was backed by The Utility Reform Network (TURN), a San Francisco-based consumer group that has protested against soaring electricity prices as a result of California's bid to deregulate its electricity industry. The California ISO, established as part of the deregulation effort, oversees the operation of about 75 percent of the state's power grid, serving some 27 million people. The move by PGOand Edison follows a summer of chaos in the California power market, where a shortage of electricity generated within the state and open market power pricing sent the cost of wholesale power to nearly twice its historical average, frequently trading above the proposed $100.00 cap. Folder Name: Utilities, Electric: Deregulation Relevance Score on Scale of 100: 97 ______________________________________________________________________ To review or revise your folder, visit Dow Jones CustomClips or contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact your local sales representative.) ______________________________________________________________________ Copyright © 2000 Dow Jones &Company, Inc. All Rights Reserved
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