FW: FERC to adjust Caps?????????

-----Original Message-----
From: Perry, Jon [mailto:JPerry@SPPC.com]
Sent: Tuesday, October 02, 2001 9:07 AM
To: Scholtes, Diana
Subject: FW: FERC to adjust Caps?????????
Importance: High

< -----Original Message-----
< From: Smart, Mike
< Sent: Tuesday, October 02, 2001 8:57 AM
< To: Perry, Jon; Hunter, Charles; Joyce, Jim; Berg, Craig
< Subject: FERC to adjust Caps?????????
< Importance: High
<
< Could this end up changing the Western Region FERC Price mitigation plan
< (i.e. Price Caps)?
<
<
< * FERC CHIEF WOOD TO FOCUS ATTENTION ON PACIFIC NW NEEDS
< FERC Chairman Pat Wood said the agency would focus on the
< Pacific Northwest, Energy Daily reported. While California
< worried about summer blackouts last year, states like Washington
< and Idaho could face shortages in the future because of a lack of
< rain for hydropower coupled with winter peak electricity needs.
< In addition to making the Northwest the first stop a tour of
< the power grid regions, Wood said at a meeting sponsored by
< Energy Daily and the U.S. Energy Association changes would be
< made to a June price-mitigation plan governing the area. Wood
< said he is ambivalent about regulations that give FERC power in
< siting decisions and said pending legislation, if passed, would
< make transfer of transmission assets to RTOs tax free (Energy
< Daily, Oct. 1, http://www.eenews.net ).
<
<
< Michael R. Smart P.E.
< Vice President - Resource Management
< Sierra Pacific Resources
< P.O. Box 10100
< Reno, Nevada 89520-0024
< Phone: 775-834-5880
< Fax: 775-834-5889
< Email: msmart@sppc.com
<