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Jay:
I'm comfortable with our participation. Best, Jeff Jay Ferry@EES 06/20/2001 03:43 PM To: Jeff Dasovich/NA/Enron@Enron cc: Subject: ISO DRP Funding, Contracting, and Implementation Notice Jeff, Aside from a potentially more viable purchaser of curtailment in the CDWR, are there any new concerns that you have with us participating in the ISO DRP program..... we are presently getting ready to execute contracts with Homestake Mining and a second EOP / Johnson and Johnson contract covering another 10MW of curtailment and I thought it appropriate to check with you (like we did prior to the first signing). I'm primarily interested in whether or not you are concerned about this being consistent with our other efforts. Thanks, j ---------------------- Forwarded by Jay Ferry/HOU/EES on 06/20/2001 03:39 PM --------------------------- Jay Ferry 06/19/2001 07:35 AM To: Fred Kelly/HOU/EES@EES cc: Subject: ISO DRP Funding, Contracting, and Implementation Notice Summary The California ISO has sought to provide greater security for their financial commitments in the DRP Programs. The "CDWR/CERS has concluded that it will not provide backing for the program as it is now designed." "When details of a modified program design by CDWR/CERS become available, the ISO will permit parties with signed DRAs to "convert" to the new program by terminating the DRA and signing a new agreement", if they so choose. Until then, "payments [will be] made to participants from market funds received from Scheduling Coordinators (SCs) on a pay-when-paid basis pursuant to DRA Section 6.2." Enron will continue to work within the ISO program until a new program is defined. At that time, we will review the alternatives, determine the best financial alternative and propose said alternative to our curtailable load. See the communication at the bottom of this e-mail from the ISO for more specifics. ---------------------- Forwarded by Jay Ferry/HOU/EES on 06/19/2001 07:11 AM --------------------------- Fred Kelly 06/19/2001 06:31 AM To: Jay Ferry/HOU/EES@EES cc: David Hart/HOU/EES@EES, Mike Fink Subject: FW: Demand Buy-Down Jay - can you provide a short summary of what this means with respect to the CA ISO program? Thx ----- Forwarded by Fred Kelly/HOU/EES on 06/19/2001 06:28 AM ----- Enron Energy Services Mark Dobler 06/18/2001 09:15 PM To: Fred Kelly/HOU/EES@EES, Jeff Brown cc: Subject: FW: Demand Buy-Down ---------------------- Forwarded by Mark Dobler/HOU/EES on 06/18/2001 09:15 PM --------------------------- Dan Leff 06/18/2001 06:11 AM To: Mark Dobler/HOU/EES@EES, Ozzie Pagan/HOU/EES@EES cc: Subject: FW: Demand Buy-Down ---------------------- Forwarded by Dan Leff/HOU/EES on 06/18/2001 06:10 AM --------------------------- From: Jeff Dasovich@ENRON on 06/12/2001 10:17 AM Sent by: Jeff Dasovich@ENRON To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT, Christina Liscano/HOU/EES@EES, Craig H Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Gayle W Muench/HOU/EES@EES, Ginger Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES, James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, mpalmer@enron.com, Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Richard L Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Roger Yang/SFO/EES@EES, Rosalinda Tijerina/HOU/EES@EES, Sandra McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES, skean@enron.com, Tanya Leslie/HOU/EES@EES, Tasha Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S Bradford/HOU/ECT@ECT, Kathryn Corbally/Corp/Enron@ENRON, Jubran Whalan/HOU/EES@EES, triley@enron.com, Richard B Sanders/HOU/ECT@ECT, Robert C Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Wolfe/HOU/ECT@ECT, James Wright/Western Region/The Bentley Company@Exchange, Dirk vanUlden/Western Region/The Bentley Company@Exchange, Steve Walker/SFO/EES@EES, Jennifer Rudolph/HOU/EES@EES, Martin Wenzel/SFO/HOU/EES@EES, Douglas Condon/SFO/EES@EES, wgang@enron.com, Scott Govenar <sgovenar@govadv.com<, Hedy Govenar <hgovenar@govadv.com< @ ENRON, jklauber@llgm.com, Mike D Smith/HOU/EES@EES, John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janel Guerrero/Corp/Enron@Enron, Eric Letke/DUB/EES@EES, Richard B Sanders/HOU/ECT@ECT, gfergus@brobeck.com, Michael Tribolet/ENRON@enronXgate, Robert Frank/NA/Enron@Enron, Richard B Sanders/HOU/ECT@ECT, gfergus@brobeck.com, Susan J Mara/NA/Enron@ENRON, Chris Holmes/HOU/EES@EES, David Leboe/Enron@EnronXGate cc: Subject: FW: Demand Buy-Down ----- Forwarded by Jeff Dasovich/NA/Enron on 06/12/2001 10:15 AM ----- Alan Comnes/ENRON@enronXgate 06/11/2001 04:51 PM To: Tom Alonso/ENRON@enronXgate, Ray Alvarez/NA/Enron@ENRON, Robert Badeer/ENRON@enronXgate, Tim Belden/ENRON@enronXgate, Christopher F Calger/ENRON@enronXgate, Jeff Dasovich/NA/Enron@Enron, Michael M Driscoll/ENRON@enronXgate, Mark Fischer/ENRON@enronXgate, Chris H Foster/ENRON@enronXgate, Mark Guzman/ENRON@enronXgate, Steve C Hall/ENRON@enronXgate, Tim Heizenrader/ENRON@enronXgate, Paul Kaufman/ENRON@enronXgate, Elliot Mainzer/ENRON@enronXgate, Chris Mallory/ENRON@enronXgate, Susan J Mara/NA/Enron@ENRON, Matt Motley/ENRON@enronXgate, Dave Perrino/SF/ECT@ECT, Phillip Platter/ENRON@enronXgate, Jeff Richter/ENRON@enronXgate, Diana Scholtes/ENRON@enronXgate, Stephen Swain/ENRON@enronXgate, Mike Swerzbin/ENRON@enronXgate, Bill Williams III/ENRON@enronXgate, Greg Wolfe/ENRON@enronXgate cc: John Shelk/NA/Enron@Enron Subject: FW: Demand Buy-Down DWR now has authorization to buy down load at market prices. Press Release OFFICE OF THE GOVERNOR PR01: 285 FOR IMMEDIATE RELEASE 06/10/2001 GOVERNOR DAVIS ORDERS FINANCIAL INCENTIVES FOR BUSINESSES WHO CUT ENERGY USE Order Calls for Streamlining of Energy Demand Reduction Plans LOS ANGELES Governor Gray Davis today signed Executive Order D-39-01, which authorizes the California Department of Water Resources (DWR) to implement voluntary, emergency load curtailment programs for commercial, industrial or other large businesses. In exchange for agreeing to reduce electricity usage during power emergencies, the DWR will offer financial incentives to participating customers. "Nearly 70 percent of energy usage in California is commercial," Governor Davis said. "Commercial load curtailment programs can help mitigate and even avoid blackouts. Therefore, I am ordering the Department of Water Resources to implement a program that allows businesses to receive compensation if they voluntarily agree to reduce their energy consumption during peak periods." The Governor's order addresses the overlapping and sometimes inconsistent load curtailment programs currently offered by the California Independent System Operator, the Public Utilities Commission, and the Investor-Owned Utilities. The DWR and the ISO will implement the programs for Summer 2001 and Summer 2002 and the DWR will finance the customer incentives. The incentives will be determined by a number of factors, including the size of the customer and the amount of energy to be curtailed. The overall cost for the program, estimated to be between $50-100 million, will ultimately depend on the number of customers who sign up. Executive Order D-39-01 ### ------------------------------------------------------------------------------ -- GOVERNOR GRAY DAVIS ?SACRAMENTO, CALIFORNIA 95814 ? (916) 445-2841 Back to Top of Page Conditions of Use | Privacy Policy | E-mail Webmaster , 2000 State of California. Gray Davis, Governor. TM/2001 Hollywood Chamber of Commerce licensed by Global Icons, Los Angeles, CA 90034. All Rights Reserved. -----Original Message----- From: Scott Govenar <sgovenar@govadv.com<@ENRON [mailto:IMCEANOTES-Scott+20Govenar+20+3Csgovenar+40govadv+2Ecom+3E+40ENRON@ENR ON.com] Sent: Monday, June 11, 2001 10:10 AM To: Hedy Govenar; Mike Day; Bev Hansen; Jeff Dasovich; Susan J Mara; Kaufman, Paul; McDonald, Michael; McCubbin, Sandra; Rick Shapiro; Steffes, James; Alan Comnes; Kean, Steven; Karen Denne; Kingerski, Harry; Lawner, Leslie; Robert Frank; Ken Smith; Guerrero, Janel; Buster, Miyung; Thome, Jennifer; Eric Letke; Schoen, Mary; Leboe, David; Sharma, Ban Subject: Demand Buy-Down Please see the attached press release from Governor Davis regarding demand buy-down. Please also see the Executive Order at the bottom of the page. http://www.governor.ca.gov/state/govsite/gov_htmldisplay.jsp?BV_SessionID=@@@@ 0373158305.0992279028@@@@&BV_EngineID=ealleejklgkbemfcfkmchcng.0&sCatTitle=Pre ss+Release&sFilePath=/govsite/press_release/2001_06/20010611_PR01285_exec_orde r_load_curtailment.html&sTitle=GOVERNOR+DAVIS+ORDERS+FINANCIAL+INCENTIVES+FOR+ BUSINESSES+WHO+CUT+ENERGY+USE&iOID=15261 ---------------------- Forwarded by Jay Ferry/HOU/EES on 06/19/2001 07:11 AM --------------------------- "Dozier, Mike" <MDozier@caiso.com< on 06/08/2001 12:06:34 PM To: PLWG <IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=PLWG@caiso.com< cc: Subject: ISO DRP Funding, Contracting, and Implementation Notice Notice to Winning Bidders in the California ISO's Summer 2001 Demand Relief Program (DRP): Over the last few weeks, Loads participating in the ISO's Demand Relief Program raised the question of financial backing of payments for participation in the program. As you know, under the current version of the ISO's Demand Relief Agreement (DRA), costs of the DRP are charged to metered Demand including exports, and payments are made to participants from market funds received from Scheduling Coordinators (SCs) on a pay-when-paid basis pursuant to DRA Section 6.2. In response to the concerns over backing by a creditworthy party, the ISO approached the California Department of Water Resources (CDWR/CERS) to provide this financial backing. CDWR/CERS has concluded that it will not provide backing for the program as it is now designed. Discussions continue with CDWR/CERS and it appears that backing may be provided, albeit for a modified program design. The ISO will publish details of such modified program when they become available. With respect to Loads under Demand Relief Agreements that have been signed by both the Load aggregator and the ISO, the Load aggregator can choose to remain under the existing agreement's terms, which do not include credit support. In that case, the ISO will deem the DRA to be in full force and effect, and subject to the uncertainty of payment timeframe under the pay-when-paid provisions. Alternatively, the ISO will allow Load aggregators to terminate their Demand Relief Agreements if they provide written notice to the ISO by June 13, 2001. If the ISO does not receive notice of termination from the Load aggregator by June 13, the ISO will dispatch the Loads in accordance with the terms of the existing DRA. With respect to Loads for which DRAs have not been signed by both the ISO and the aggregator, the ISO is willing to go forward with the signing of DRAs with such parties under the existing terms, which, again, do not include credit support. Aggregators wishing to go forward on such terms should contact the ISO as soon as possible. When details of a modified program design by CDWR/CERS become available, the ISO will permit parties with signed DRAs to "convert" to the new program by terminating the DRA and signing a new agreement. Additionally, the ISO will offer the same opportunity to participate in the new program to winning bidders in the ISO DRP that choose not to sign the existing DRA. We will provide details regarding the new design and contract terms as soon as they are completed. Mike Dozier ISO Manager of Contracts
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