Enron Mail

From:rob.bradley@enron.com
To:jeff.dasovich@enron.com
Subject:Re: Economists letter on FERC and California
Cc:
Bcc:
Date:Tue, 29 May 2001 08:58:00 -0700 (PDT)

I contacted Reason to give them first shot. They will get back to me and
then I will see about getting The Independent Institute involved.

- Rob


----- Forwarded by Rob Bradley/Corp/Enron on 05/29/2001 03:56 PM -----

Rob Bradley
05/29/2001 02:13 PM

To: Richard Shapiro/NA/Enron@Enron
cc:
Subject: Re: Economists letter on FERC and California

Rick:

This letter is disingenuous by not mentioning the retail price cap
environment (economists know that price comes from consumer value flowing
backward and not historic "cost" flowing forward in even quasi-competitive
markets) and not mentioning FERC's action on the wholesale natural gas side.

If you want to explore a project where we get a bunch of in-state and
out-of-state economists to sign an open letter arguing for lifting retail
price caps with electricity from which we could make a case for wholesale J&R
rates from demand dampening, I can contact either the Reason Public Policy
Foundation or the Independence Institute in Oakland. I mention the latter
because they have experience in doing this sort of thing where they publish a
signatory list in the newspapers and all that. If so, I can look into this
and try to get a price estimate. If so, who on your team should I work with
on this?

I think a letter from our side could make a good case for what the other side
is calling "just and reasonable" by retail price freedom and open access,
bilateral transaction institutional reform.

- Rob




Richard Shapiro
05/29/2001 01:15 PM

To: Rob Bradley/Corp/Enron@ENRON
cc:
Subject: Economists letter on FERC and California

Thoughts?
---------------------- Forwarded by Richard Shapiro/NA/Enron on 05/29/2001
01:14 PM ---------------------------


Susan J Mara
05/29/2001 12:27 PM
To: Jeff Dasovich/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron
cc:

Subject: Economists letter on FERC and California

To Congress. From what I can tell, at least half of these economists are on
Edison's payroll. Do we need to take any action? Where are the economists on
the other side?

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 05/29/2001 10:24 AM -----

Peter Bray@NEWPOWER
05/29/2001 08:56 AM

To: susan.j.mara@enron.com
cc:
Subject: Economists letter on FERC and California

FYI
----- Forwarded by Peter Bray/HOU/NewPower on 05/29/01 08:55 AM -----



Attached is a letter signed by 10 prominent energy economists expressing "deep
concern about the failure" of the FERC to address the problems in the
wholesale
power markets. It is expected that new Senate Energy Committee Chairman,
Jeff Bingaman,
will exercise considerable Congressional Oversight Authority to pressure
FERC to act to remedy wholesale prices.

Late Friday evening, the two new FERC Commissioners were confirmed by the
full Senate.




- FINALECONOMISTLETTER.pdf