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Enron Mail |
FYI.? In case you have not yet seen.
? -----Original Message----- From: Andy Brown [mailto:ABB@eslawfirm.com] Sent: Wednesday, February 14, 2001 4:54 PM To: Katie Kaplan (E-mail); Carol Hudson (E-mail); Steven Kelly (E-mail); 'smutny@iepa.com' Cc: Julee Malinowsky-Ball (E-mail); Eric Janssen; Douglas Kerner Subject: FERC Valentine: Order on ISO Amend. 36: Creditworthiness Importance: High The FERC issued an order today on ISO's unilateral relaxation of the creditworthiness standards for PG&E and SCE.? The decision is available at http://www.ferc.fed.us/electric/bulkpower/ER01-889-000.pdf.? In the order, the FERC allows the utilities to self schedule for their own generation, but does not allow the relaxation of creditworthiness standards as it would apply to transactions with third parties.? Stated differently, the utilities can schedule at the ISO for load served by their own resource, but they have to meet the ISO tariff creditworthiness requirements if they are buying generation from anyone else.? This means that ISO can't "dump" imbalance / AS costs on the utilities if DWR doesn't buy it.? It also indirectly addresses the Reliant, et. al. / ISO TRO suit, as well as Duke's suit against ISO and DWR.? ABB Andrew B. Brown Ellison, Schneider & Harris, LLP 2015 H Street Sacramento, CA? 95814 Phone: (916) 447-2166 Fax: (916) 447-3512 mailto:abb@eslawfirm.com CONFIDENTIALITY NOTICE:? This communication and any accompanying document(s) are confidential and privileged.? They are intended for the sole use of the addressee.? If you receive this transmission in error, you are advised that any disclosure, copying, distribution, or the taking of any action in reliance upon the communication is strictly prohibited.? Moreover, any such inadvertent disclosure shall not compromise or waive the attorney-client privilege as to this communication or otherwise.? If you have received this communication in error, please contact the sender at the internet address indicated or by telephone at (916)447-2166. Thank you. ?
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