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Enron Mail |
Senator Dunn conducted a press briefing earlier today in regards to his
"Select Committee to Investigate Price Manipulation of the Wholesale Energy Market." ? Following is a summary of what was discussed: Today's hearing: Where: ?Room 3191, 1pm Who: Carol Coy, South Coast Air Quality Management District SCE was invited but unable to attend due to the bankruptcy issue which apparently ?????consumes all of ?their time and resources.... Topic: ?The "laundering" of air emissions credits. ??Apparently the cost of air emissions credits is pushed up due to the laundering of credits by generators, and as a result should not be used to justify high electricity prices. ? Upcoming Hearings: When: ?Friday, June 22 Topic: ?Plant operations Who: ?TBD When: ?Friday, June 29 Who: ??GENERATORS TESTIFY Other items discussed: Documents requests issued to LADWP and DWR. ?LADWP has apparently been very very very "very cooperative" with the request. ? Subpoenas have been issued to Duke, Dynegy, AES, NRG, Enron, Reliant, Williams A subpoena was issued to SCE requesting the following information: ?1. ?Internal documents related to the surveillance of market competitiveness. ?2. ?Maintenance records and 3. ?Internal documents related to the sale of California generation assets. A subpoena was issued to Morgan Stanley, who was retained to prepare documents related to the sale of some of California's generation assets. ????????????? ?NOTE: ?The point is that the price paid for generation assets was "much higher" than many experts anticipated. ?The committee will be looking into whether generators purchased these assets at significantly higher prices because they knew they would have market power -- and the ability to set prices high. Subpoenas will be issued to PG&E and SDG&E Please feel free to call if you have any other questions. ?Thanks - Jean -- Jean Munoz McNally Temple Associates, Inc. 916-447-8186 916-447-6326 (fx)
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