|
|
Enron Mail |
Clean Air/NOx Briefing for ENA: On Monday 8/28, Environmental Strategies
held a detailed briefing on Clean Air/NOx regulations for the ENA East Power Desk, which resulted in several ongoing projects. Over 40 people, including Kevin Presto (head of trading), almost all the traders, all analysts, and all fundimentals (IT, information) staff were in attendance. Mary Schoen pulled the presentation together and addressed financial impacts of the regulations on power markets. Jeff Keeler gave background, history, and future timelines regarding NOx and other air regulation. Gus Egnheim and Marc Phillips assisted with technical questions related to control technologies. The meeting concluded with a discussion of strategy going forward, and a project to assist ENA in a detailed analysis of the effects on power plants and markets in the NOx SIP Call states. Kevin Presto (who is also responsible for running the peakers) indicated that it may be more preferable to sacrifice some of our peaker interests and develop a strategy that supports state and EPA efforts that increase costs as much as possible on our competitors. This will be an ongoing strategic effort to add value to ENA. Texas Renewable Energy Credit Comments: Enron led a group of companies that generate, trade and market renewable energy and environmental advocates in filing joint comments on issues related to the implementation of a Renewable Energy Credit ("REC") trading program in Texas. Stacey Bolton led drafting efforts on behalf of the group, and worked within Enron to coordinate our positions. The program is consistent with positions we've taken, in that attributes of energy can be traded separately from its energy source. The group recommended changes that would lead to consistency and adaptability, including comments about what information should be included on the credit's "label" and a recommendation that any environmental disclosure requirements be developed in conjunction with the REC trading protocol. Pipeline Safety: We continue to monitor the legislative climate following the tragic El Paso pipeline eruption and fire in Carlsbad, NM, in which 10 people were killed. While the widely-held perception among industry is that the accident will have a negative effect on the legislation, information from Capitol Hill continues to indicate that the legislation will not likely become more burdensome -- there is just a greater likelihood that it will receive attention and an effort will be made to pass something this Congress. It is expected that the full Senate may act in the two weeks after Labor Day weekend, but that the House still may not be ready to move legislation through committee and to the House floor until later in September. INGAA is recommending hiring an outside lobbying firm to assist in efforts going forward, due to the thought that many companies will not want to be active or visible in lobbying this issue because of the El Paso accident. Jeff Keeler will investigate the climate on Capitol Hill further before Enron signs off on this strategy. In addition, Stan Horton will be in DC the week of 9/5 to attend meetings at DOE and Dept. of Treasury, to talk about the possible impacts of the accident on energy markets and the economy. In addition to advising GPG, we have been providing information and analysis to ENA Competitive Analysis, who is advising ENA management on the effects of this legislation on gas and power markets, so that we may take advantage of opportunities that arise. Climate Change: Jeff Keeler has been providing information on various climate change proposals to Enron South America, who will be engaging in a dialogue with Brazilian environmental regulators over Enron's involvement or interest in Joint Implementation and Emissions Trading programs. Georgia NOx SIP Regulations - Marc Phillips attended a meeting with the Georgia Environmental Protection Division regarding their development of non-attainment NOx transport rules in Georgia to gather environmental intelligence for ENA/EES project development. Houston Non-Attainment regulations - Marc Phillips is attending a meeting with other pipeline companies to discuss preparing industry comments regarding the proposed Houston non-attainment regulations and the emission limits on reciprocating engines that could have a $30 - 40 MM impact on GPG operations over a three year period. Enron Ergonomic CBT - Russell Tucker received and approved the release candidate short version of the Office Ergonomics CBT CD-ROM and should have final copies from manufacturing for the 20 administrative level employee workstation egronomic pilot testing during the first week of September 2000. API Task Force Review For ANSI Z365 Vote - Russell Tucker has reviewed the extensive changes made by the Accredited Standards Committee for the Z365, "Control of Cumulative Trauma Disorders" proposed ANSI consensus standard as a member of the API Task Force deciding the issues. Russ submitted comments directly to the Committee on behalf of Enron. International Emergency Response Contractors - Completed the list of emergency responders. Report submitted to Mike Terraso on August 31. A meeting with Don Hawkins GPG, serving as Corp Emergency Response coordinator, will be scheduled for next week to present the list and discuss next steps. EHS Indirect Report Staff Meeting - Mike Terraso met with the EHS management indirect reports ,environmental legal and conferencing in with Jeff Keeler in Washington, NEPCO in Seatle. The meeting reviewed 2000 objectives status; current federal legislative issues and shared cross company information. EES/OEC Federal Services - Mike Terraso, Henry Van and Susan Worthen met with Don Hawkins to review EHS asset support services for EES/OEC federal services. Friends of Earth - Mike Terraso, Kelly Kimberly and Lauren Goldblatt are meeting with FOE in Washington on Friday to initiate stakeholder dialogue on biodiversity in response to FOE proxy statement at last the Enron shareholder meeting. Other NGO's attending Conservation International, World Wildlife Fund, World Resources International. Contractor Safety Awareness Program - Corp EHS (S.Watson, H. Van, M. Terraso) in cooperation with Bill Donovan's group conducted initial building contractor safety awareness program for contractors performing demolition/ buildouts in the Enron Building. Earth Day 2001 - at the request of Cindy Olsen, Mike Terraso met with Missy Stevens (community relations) to review Enron Earth Day 2001 initiatives. GHP - Business Council for Clean Air - Mike Terraso participated in review of a clean air technology verification proposal presented to Greater Houston Partnership Business Council for Clean Air. The program would substitute emission reductions gained through accepted technology to lessen the impact on mobile and stationary air emission sources in the eight county Houston non-attainment area. The project would be performed in time for a mid-course correction of the Texas SIP. Texas Nature Conservancy - M. Terraso and John Shafer (GPG VP EHS) met with Robert Potts, Texas Nature Conservancy director and Nigel Homer, National Nature Conservancy to review potential cooperative employee educational and community service activities programs for Enron. Clean Air/NOx Briefing for ENA: On Monday 8/28, Environmental Strategies held a detailed briefing on Clean Air/NOx regulations for the ENA East Power Desk, which resulted in several ongoing projects. Over 40 people, including Kevin Presto (head of trading), almost all the traders, all analysts, and all fundimentals (IT, information) staff were in attendance. Mary Schoen pulled the presentation together and addressed financial impacts of the regulations on power markets. Jeff Keeler gave background, history, and future timelines regarding NOx and other air regulation. Gus Egnheim and Marc Phillips assisted with technical questions related to control technologies. The meeting concluded with a discussion of strategy going forward, and a project to assist ENA in a detailed analysis of the effects on power plants and markets in the NOx SIP Call states. Kevin Presto (who is also responsible for running the peakers) indicated that it may be more preferable to sacrifice some of our peaker interests and develop a strategy that supports state and EPA efforts that increase costs as much as possible on our competitors. This will be an ongoing strategic effort to add value to ENA. Texas Renewable Energy Credit Comments: Enron led a group of companies that generate, trade and market renewable energy and environmental advocates in filing joint comments on issues related to the implementation of a Renewable Energy Credit ("REC") trading program in Texas. Stacey Bolton led drafting efforts on behalf of the group, and worked within Enron to coordinate our positions. The program is consistent with positions we've taken, in that attributes of energy can be traded separately from its energy source. The group recommended changes that would lead to consistency and adaptability, including comments about what information should be included on the credit's "label" and a recommendation that any environmental disclosure requirements be developed in conjunction with the REC trading protocol. Pipeline Safety: We continue to monitor the legislative climate following the tragic El Paso pipeline eruption and fire in Carlsbad, NM, in which 10 people were killed. While the widely-held perception among industry is that the accident will have a negative effect on the legislation, information from Capitol Hill continues to indicate that the legislation will not likely become more burdensome -- there is just a greater likelihood that it will receive attention and an effort will be made to pass something this Congress. It is expected that the full Senate may act in the two weeks after Labor Day weekend, but that the House still may not be ready to move legislation through committee and to the House floor until later in September. INGAA is recommending hiring an outside lobbying firm to assist in efforts going forward, due to the thought that many companies will not want to be active or visible in lobbying this issue because of the El Paso accident. Jeff Keeler will investigate the climate on Capitol Hill further before Enron signs off on this strategy. In addition, Stan Horton will be in DC the week of 9/5 to attend meetings at DOE and Dept. of Treasury, to talk about the possible impacts of the accident on energy markets and the economy. In addition to advising GPG, we have been providing information and analysis to ENA Competitive Analysis, who is advising ENA management on the effects of this legislation on gas and power markets, so that we may take advantage of opportunities that arise. Climate Change: Jeff Keeler has been providing information on various climate change proposals to Enron South America, who will be engaging in a dialogue with Brazilian environmental regulators over Enron's involvement or interest in Joint Implementation and Emissions Trading programs. Georgia NOx SIP Regulations - Marc Phillips attended a meeting with the Georgia Environmental Protection Division regarding their development of non-attainment NOx transport rules in Georgia to gather environmental intelligence for ENA/EES project development. Houston Non-Attainment regulations - Marc Phillips is attending a meeting with other pipeline companies to discuss preparing industry comments regarding the proposed Houston non-attainment regulations and the emission limits on reciprocating engines that could have a $30 - 40 MM impact on GPG operations over a three year period. Enron Ergonomic CBT - Russell Tucker received and approved the release candidate short version of the Office Ergonomics CBT CD-ROM and should have final copies from manufacturing for the 20 administrative level employee workstation egronomic pilot testing during the first week of September 2000. API Task Force Review For ANSI Z365 Vote - Russell Tucker has reviewed the extensive changes made by the Accredited Standards Committee for the Z365, "Control of Cumulative Trauma Disorders" proposed ANSI consensus standard as a member of the API Task Force deciding the issues. Russ submitted comments directly to the Committee on behalf of Enron. International Emergency Response Contractors - Completed the list of emergency responders. Report submitted to Mike Terraso on August 31. A meeting with Don Hawkins GPG, serving as Corp Emergency Response coordinator, will be scheduled for next week to present the list and discuss next steps. EHS Indirect Report Staff Meeting - Mike Terraso met with the EHS management indirect reports ,environmental legal and conferencing in with Jeff Keeler in Washington, NEPCO in Seatle. The meeting reviewed 2000 objectives status; current federal legislative issues and shared cross company information. EES/OEC Federal Services - Mike Terraso, Henry Van and Susan Worthen met with Don Hawkins to review EHS asset support services for EES/OEC federal services. Friends of Earth - Mike Terraso, Kelly Kimberly and Lauren Goldblatt are meeting with FOE in Washington on Friday to initiate stakeholder dialogue on biodiversity in response to FOE proxy statement at last the Enron shareholder meeting. Other NGO's attending Conservation International, World Wildlife Fund, World Resources International. Contractor Safety Awareness Program - Corp EHS (S.Watson, H. Van, M. Terraso) in cooperation with Bill Donovan's group conducted initial building contractor safety awareness program for contractors performing demolition/ buildouts in the Enron Building. Earth Day 2001 - at the request of Cindy Olsen, Mike Terraso met with Missy Stevens (community relations) to review Enron Earth Day 2001 initiatives. GHP - Business Council for Clean Air - Mike Terraso participated in review of a clean air technology verification proposal presented to Greater Houston Partnership Business Council for Clean Air. The program would substitute emission reductions gained through accepted technology to lessen the impact on mobile and stationary air emission sources in the eight county Houston non-attainment area. The project would be performed in time for a mid-course correction of the Texas SIP. Texas Nature Conservancy - M. Terraso and John Shafer (GPG VP EHS) met with Robert Potts, Texas Nature Conservancy director and Nigel Homer, National Nature Conservancy to review potential cooperative employee educational and community service activities programs for Enron. Cuiaba II - Joe Kolb was not able to participate in the conference call this week. Mid-September is key date after which work on the compressor stations is expected to begin in earnest. Cuiaba Pipeline - Joe Kolb is trying to contact David Runte to verify information in the monthly report and is currently planning a trip to Bolivia with Edgar Zuleta to inspect and review project-related issues first hand. Construction BMPs - Bob Moss has not heard received any comments from Jerry Martin or his staff. Regarding the fiber optic component of the BMPs, Joe Kolb has not been able to discuss the project with Herb Caballero. Bill Osborne has distributed the pipeline BMPs to Shafer, Ryther, and Steenberg for their comments. He hopes to get their feedback this week and then take it on to others within GPG. Greenfield Risk Mangement Project - Documents that lay out sequence of environmental aspects of major capital project development are nearly complete. The one for GPG is being reviewed by Bill Osborne. Recycling Committee - Wayne Lei has sent info on PGE's recycling program, which Joe Kolb provided to David Ronkainen. Joe Kolb conducted an informal small energy conservation survey on 3AC 15 and found that 53% of the 36 office credenza lights and 35% of the 110 cubicle lights were left burning, plus 3 computers, 1 radio and 1 fan. If we decide to promote energy conservation in our downtown offices, the impact should be something that can be estimated by doing before and after surveys on a few floors. Isagen Privatization, Colombia - Don Stevens provided an environmental due diligence scope of work to Mario Brunasso, Development Engineering, who will forward it to a local engineering consulting firm. Due to high security risk, Enron has elected to hire Harza for the full scope of the due diligence. The privatization includes hydro and thermal generation and transmission, accounting for over 30% of Colombia's energy supply. Project Dragon, Asia - The Environmental Schedule of the Share Purchase Agreement was circulated for review by Bruce Lundstrom, APAChi Legal. Copies were forwarded to Frank Smith for comment. The lenders have begun their due diligence in Hong Kong and key discipline leaders are on standby to answer questions. A TransitionsTeam may be deployed in October/November. This deal is still very confidential and Enron Asia power plants and personnel do not know anything. ENEL, Nicaragua - Don Stevens has requested Ramiro Garcia to review proposed legislation for Nicaragua to assist in the evaluation of its potential impact. The proposal is very stringent and does not have much chance of success; however, Enron has learned some of the other bidders are addressing capital costs associated with the potential requirements. The bid date is October 12. Annual Report - Many technical and management problems have plagued the Image Center's pdf of the Annual Report. Gavin Dillingham succeeded in the posting and publication of the final edition. Hard copies will likely be ready next Friday for distribution to Executive Staff. Valuation Exercise - Susan, Henry, Jeff, and Marc all provided input on the EHS value to Enron exercise. An additional meeting was held with Gia to explain some of the tasks. EES/Eli Lilly Deal - Susan Worthen participated in several meetings with both EES and Eli Lilly to learn more about the scope of services and EES' EHS management system. A more detailed meeting with EES's Enron Building Services Inc. group will be held next week. An EHS briefing has been scheduled for September 13 to answer Eli Lilly's environmental due diligence questions.
|