|
|
Enron Mail |
Energy Committee, Blackout Busters and Business Continuity Members - though
you would be interested in this. ?-----Original Message----- From: ? William Booth [mailto:wbooth@booth-law.COM] Sent:?? Wednesday, May 23, 2001 11:30 AM To:???? CLECA MEMBERS?? Subject:??????? Rate Comparison Table-Updated <<Comparison Table 5.10.01.xls<<?? ?Folks-Just for fun I have updated the rate proposal comparison table showing the impact of the adopted decision rates.? I am in the process of preparing an Application for Rehearing of the decision.? The reason for doing this is to give Comm Brown another chance to do the right thing.? We have been told that he was literally tricked by Loretta Lynch on the day of the decision as to what was included in the decision before them.? You can imagine how difficult it will be for the CPUC to reverse their revenue allocation and take more heat from residential customers. We understand that the CPUC is prepared to consider several actions that will make things even worse for us.? First, there is a proposal to investigate the level of baseline allowances with the clear intent of expanding them.? News articles this weekend suggested outrage about the low level of the baseline allowances.? This will increase the baseline revenue shortfall and raise pressure for more rate increases on us.? Second, in the legislature there is renewed talk of a Core/Non-Core Plan, an item that was put off in January when the 130% of baseline plan was adopted.? Apparently, some in the leadership think it would be a good idea to assign the cost of Net Short purchases directly to industrial customers, with the utility retained generation and QF contracts assigned to residential and small commercial customers.? They apparently have reviewed certain polling results that the public would support such an allocation of costs.? One wonders how many times they think they can kill us. The only good news I have is that the talk of a "Buyers' Cartel" is increasing.? That is, the State would agree with the states of Oregon and Washington to set and limit the prices that they will pay for power at wholesale.? This would be done with the knowledge that each state may come short of the power necessary to serve load and thus to additional rotating outages.? But, in the absence of federal price caps, it is the only realistic way to curb outlays for power that, at present levels, will wreck? the economy of the State.? Bill - Comparison Table 5.10.01.xls
|