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Enron Mail |
John Shelk is going to investigate the status of this amendment in the
context of the Barton bill. However, we want to raise with you our initial strong reaction to this amendment. We are highly troubled that this amendment is being pursued at the Federal level. We believe that we run the risk of hurting our push for negawatts, let alone getting a very negative vote on direct access itself. We will do some quiet soundings. But at this point, we believe there is enormous downside risk to this strategy. We are calling NYMEX to find out what they are thinking. Susan J Mara 05/14/2001 01:35 PM To: Linda Robertson/NA/Enron@ENRON cc: James D Steffes/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Ray Alvarez/NA/Enron@ENRON, Richard Shapiro/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@ENRON Subject: [Fwd: FW: DIRECT ACCESS AMENDMENT], the underlying e-mail Whoops! Here are the underlying e-mails Sue Mara Enron Corp. Tel: (415) 782-7802 Fax:(415) 782-7854 ----- Forwarded by Susan J Mara/NA/Enron on 05/14/2001 10:31 AM ----- Scott Govenar <sgovenar@govadv.com< 05/14/2001 09:26 AM To: Jeff Dasovich <jdasovic@enron.com<, Sandra McCubbin <Sandra.McCubbin@enron.com<, Susan J Mara <smara@enron.com<, Mike Day <MDay@GMSSR.com< cc: Subject: [Fwd: FW: DIRECT ACCESS AMENDMENT] What do we think? ----- Message from "Mark Seetin" <nymex2@unidial.com< on Fri, 11 May 2001 16:35:15 -0400 ----- To: "Scott Govenar" <SGovenar@govadv.com< Subject: FW: DIRECT ACCESS AMENDMENT Scott, Chairman Barton has told us he would support a direct access amendment when the full committee marks up the bill next week. Radanovich and Chris Cox have expressed strong interes in sponsoring it. We are suggesting language which bypasses the CPUC -- with federal preemption of course. Coan the California DA folks press the congressional delegation focusing on Radanovicha nd Cox?? What are your thoughts? -----Original Message----- From: Charlie DeWitt [mailto:nymex4@unidial.com] Sent: Friday, May 11, 2001 11:31 AM To: tricia.geringer@mail.house.gov; royce.reinecke@mail.house.gov Cc: Mark Seetin Subject: DIRECT ACCESS AMENDMENT Dear Tricia and Royce, thanks for hearing us out on the issue of direct access. Congressman Radanovich is welcome to offer an amendment on this issue next week. The following language is based on some language we tried to have inserted at the State level. Unfortunately, AB1X passed in January prohibits direct access and competition among sellers for buyers of electricity. Without a free market for electricity and with all electricity purchases going through a state-mandated exchange, the taxpayers of California are left with paying the bill or electricity: DRAFT LANGUAGE FOR DIRECT ACCESS IMPLEMENTATION Not later than thirty days after enactment, the Independent System Operator ("ISO"), shall submit to the Federal Energy Regulatory Commission ("FERC") a transmission congestion relief program that incorporates physical rights to firm transmission through congestable interfaces. Such rights will confer on users the right to access transmission through the interfaces without incurring congestion fees. The rights will provide access for periods judged to serve direct access market participants of up to one year. Initial provision of these rights will be through an annual auction overseen by the ISO. The rights will be resalable. Not later than thirty days after enactment, the program will implement direct access for large non-residential users of electric power. The program will require large industrial, commercial and other non-residential users of electricity to fulfill their electric power needs by contracting with non-investor owned utilitiy ("IOU") sources in accordance with the following schedule: 90 days after enactment: 1 megawatt and greater loads 180 days after enactment: 300 kilowatt and greater loads 270 days after enactment: 100 kilowatt and greater loads 360 days after enactment: 70 kilowatt and greater loads. This program will permit large industrial, commercial, and other non-residential users of electricity to voluntarily enter into contracts to fulfill any portion of their own electric power needs through direct contracting with non-IOU sources. Charlie DeWitt Associate, Government Affairs New York Mercantile Exchange 1331 Pennsylvania Avenue, NW Suite 550-S Washington, DC 20004 ph. (202) 662-8771 fax (202) 662-8765 nymex4@unidial.com
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