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Enron Mail |
Steve,
In your absence, I left a voicemail for Guillermo yesterday pertaining to some information that I'm not certain Gruma was fully aware of when we met Monday. Late last month, the CPUC decided to waive interruptible rate program penalties, except that they "fully expect all interruptible customers to voluntarily respond to the maximum extent feasible." In essence, our interpretation is that this makes Gruma's response to an interruption completely voluntary, however, as we discussed Monday, the California supply-demand imbalances will remain for some time, and the utilities will likely resort to rolling black-outs if the now voluntary interruptions (or other measures) don't relieve the situation. We recommend that Gruma confirm our interpretation directly with Edison. I have a hard copy of the CPUC's decision with a brief cover note from Edison, if you're interested. It's probably also available on a CPUC website. Please call me if questions, or we can discuss further on our Tuesday conference call. George
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