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Enron Mail |
I am attaching a first cut of the California Missteps. It shall be updated
post feedback. Adam and Sue I shall reach you shortly on the phone Ban James D Steffes@ENRON 06/18/2001 09:58 PM To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Paul Kaufman/Enron@EnronXGate, Jeff Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron, Jennifer Thome/NA/Enron@Enron, Ban Sharma/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Alan Comnes/Enron@EnronXGate, Harry Kingerski/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Janel Guerrero/Corp/Enron@Enron, Linda Robertson/NA/Enron@ENRON, John Shelk/NA/Enron@Enron, Ray Alvarez/NA/Enron@ENRON cc: Subject: ANALYSIS OF CALIFORNIA MISSTEPS Just to make sure that everyone is on the same page, Ban Sharma is working with Seabron Adamson and Sue Mara to complete the work below. If people need any other information (or a specific presentation), please let Ban know. Thanks, Jim ---------------------- Forwarded by James D Steffes/NA/Enron on 06/18/2001 11:22 AM --------------------------- From: Jeff Dasovich on 06/15/2001 09:09 AM Sent by: Jeff Dasovich To: James D Steffes/NA/Enron@Enron cc: Ban Sharma/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul Kaufman/Enron@EnronXGate, Richard Shapiro/NA/Enron@ENRON, "Seabron Adamson" <seabron.adamson@frontier-economics.com<, Susan J Mara/NA/Enron@ENRON Subject: Re: ANALYSIS OF CALIFORNIA In particular, would be nice to know how much of the "wealth transfer" went to the likes of LADWP, other CA munis, Calpine, and the federal government (e.g., BPA, Salt River). Finally, how much did the utilities profit from the high prices (i.e., from selling their excess gen into the PX)? Best, Jeff James D Steffes 06/14/2001 09:50 AM To: "Seabron Adamson" <seabron.adamson@frontier-economics.com< cc: Susan J Mara/NA/Enron, Richard Shapiro/NA/Enron@Enron, Ban Sharma/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff Dasovich/NA/Enron@Enron, Paul Kaufman/Enron@EnronXGate Subject: ANALYSIS OF CALIFORNIA Seabron - Here is an outline of the work product we would like you to consider -- 1. How much did the LACK OF POLITICAL LEADERSHIP / LUNACY cost California consumers? + LUNACY = CPUC did not accept $60/Mwh last year + unwillingness to fix credit problems + Bad CDWR buying habits + other 2. Analyze key Cal ISO studies dealing with "overearning" and market abuse. + Methodological faults + Analyze Key Findings + Develop appropriate "Enron" responses 3. Develop framework to assist in responding to political "calls" for market controls + Understand better who "won" from the WEALTH TRANSFER + How much was transferred to "Texas generators"? 4. Other fixes still needed + A/S markets in California + Governance issues + other? I hope this helps frame the work. Jim
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