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Enron Mail |
I'll make sure that you're on this distribution list (you're not currently =
on=20 it, right?). Best, Jeff ----- Forwarded by Jeff Dasovich/NA/Enron on 04/26/2001 06:07 PM ----- =09Jeff Dasovich =09Sent by: Jeff Dasovich =0904/26/2001 05:42 PM =09=09=20 =09=09 To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly=20 Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol= =20 Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,= =20 Christina Liscano/HOU/EES@EES, Craig H Sutter/HOU/EES@EES, Dan=20 Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES, Dennis Benevides/HOU/EES@EE= S,=20 Don Black/HOU/EES@EES, Dorothy Youngblood/HOU/ECT@ECT, Douglas=20 Huth/HOU/EES@EES, Edward Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES,= =20 Erika Dupre/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES,= =20 Gayle W Muench/HOU/EES@EES, Ginger Dernehl/NA/Enron@ENRON, Gordon=20 Savage/HOU/EES@EES, Harold G Buchanan/HOU/EES@EES, Harry=20 Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES, James D=20 Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James Wright/Western=20 Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES, Jeremy=20 Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe Hartsoe/Corp/Enron@ENRON= ,=20 Karen Denne/Corp/Enron@ENRON, Kathy Bass/HOU/EES@EES, Kathy=20 Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin Hughes/HOU/EES@EES,=20 Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES, Mark S=20 Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,=20 Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael=20 Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, mpalmer@enron.com, Neil= =20 Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Paula= =20 Warren/HOU/EES@EES, Richard L Zdunkewicz/HOU/EES@EES, Richard=20 Leibert/HOU/EES@EES, Richard Shapiro/NA/Enron@ENRON, Rita=20 Hennessy/NA/Enron@ENRON, Roger Yang/SFO/EES@EES, Rosalinda=20 Tijerina/HOU/EES@EES, Sandra McCubbin/NA/Enron@ENRON, Sarah=20 Novosel/Corp/Enron@ENRON, Scott Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES= ,=20 Sharon Dick/HOU/EES@EES, skean@enron.com, Tanya Leslie/HOU/EES@EES, Tasha= =20 Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Ti= m=20 Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,=20 Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S=20 Bradford/HOU/ECT@ECT, Kathryn Corbally/Corp/Enron@ENRON, Jubran=20 Whalan/HOU/EES@EES, triley@enron.com, Richard B Sanders/HOU/ECT@ECT, Robert= C=20 Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Wolfe/HOU/ECT@ECT, James= =20 Wright/Western Region/The Bentley Company@Exchange, Dirk vanUlden/Western= =20 Region/The Bentley Company@Exchange, Steve Walker/SFO/EES@EES, Jennifer=20 Rudolph/HOU/EES@EES, Martin Wenzel/SFO/HOU/EES@EES, Douglas=20 Condon/SFO/EES@EES, wgang@enron.com, Scott Govenar <sgovenar@govadv.com<,= =20 Hedy Govenar <hgovenar@govadv.com< @ ENRON, jklauber@llgm.com, Mike D=20 Smith/HOU/EES@EES, John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janel= =20 Guerrero/Corp/Enron@Enron, Eric Letke/DUB/EES@EES, Richard B=20 Sanders/HOU/ECT@ECT, gfergus@brobeck.com, Michael Tribolet/ENRON@enronXgate= ,=20 Robert Frank/NA/Enron@Enron, Richard B Sanders/HOU/ECT@ECT,=20 gfergus@brobeck.com, Susan J Mara/NA/Enron@ENRON =09=09 cc:=20 =09=09 Subject: CA Legislative Committee Hearing on California Border Gas P= rices FYI. This is the presentation that the Brattle Group---a consulting group= =20 that Edison has long used on gas issues in California---gave last week to t= he=20 legislative committee investigating wholesale gas prices at the California= =20 Border. The day following this presentation (which was followed by a=20 presentation by the California PUC's FERC lawyer), the committee called El= =20 Paso and Dynegy to respond to Brattle's and the CPUC FERC lawyer's=20 presentations. Also attached is the best synopsis of the hearing that I've= =20 seen in the press. Best, Jeff ***************************************************************************= *** **************************************************** Competing evidence clouds Calif. investigation Prompted in part by the California Public Utilities Commission, the=20 California Assembly has been scrutinizing the role that interstate pipelines have played in the= =20 state=01,s current energy crisis. In the efforts to find a smoking gun, legislators have leane= d=20 heavily on a report prepared by The Brattle Group, a consultancy commissioned by utility= =20 Southern California Edison to dig up evidence of market power abuse. But the state=01,s biggest transporter of gas to California -- El Paso Natu= ral=20 Gas -- is not ready to take the rap. The pipeline has commissioned its own study, which i= t=20 recently presented as evidence that it has not circumvented any laws or regulation. As reported in both the trade press and national media, SoCal Ed and the CP= UC=20 are pointing the finger of blame at El Paso for alleged manipulation of California borde= r=20 prices through affiliate deals and capacity hoarding. And exhibit A in their case against = El=20 Paso is The Brattle Group=01,s study of the California market. Richard Zeiger, a spokesman for Assembly Member Darrell Steinberg, chairman= =20 of the California Assembly Judiciary Committee, told Gas Daily that The Brattle=20 Group=01,s market study proved that the surge in gas prices at the California border was not= =20 caused by normal market forces (GD 4/20). His remarks followed an oversight hearing during= =20 which Assembly members questioned Dynegy and El Paso officials about their involvement in= =20 the California market. El Paso presented a different version of events to the Assembly. In a repor= t=20 presented to legislators, a research group hired by El Paso concluded that a convergence= =20 of factors, not a conspiracy, caused the price run-up. Lukens Consulting Group, a Houston-based consultancy, was retained by El Pa= so=20 to conduct work on several fronts. In its study of the California market, Lukens=20 concluded that the increasing convergence of the gas and electricity businesses was one of the= =20 main culprits in the California gas price imbroglio. Assemblyman John Campbell, a Republican member of the oversight committee,= =20 said he "didn=01,t see any smoking gun" in either report. "We had our committee hearing, and we certainly had a lot on the Brattle=20 Study and a little on the Lukens study. To some degree, I=01,m not sure that the California=20 legislature is the best place to adjudicate the differences between these two studies," Campbell=20 said. "I believe FERC is looking at this situation " and it would seem to me that that=01,s the= =20 appropriate place." Campbell said that the CPUC had been prodding the California legislature to= =20 give support to its claims of market power abuse by pipelines. "It=01,s being pushed=20 basically by the Public Utilities Commission here, which believes that there was collusion" by=20 pipeline companies to push up gas prices in California, he said. The CPUC, Campbell suggested, sought satisfaction before the California=20 assembly when it had failed on the federal level: "There=01,s a concerted effort, not jus= t on=20 natural gas but on other things here in California, for entities and organizations here to point the= =20 finger elsewhere for the problems that we=01,re having in this state and I think you=01,re seein= g some=20 of that with the public utilities commission." Whether either report wins over the public incensed by high natural gas=20 prices is a different matter entirely. In the meanwhile, the dueling California market studies se= em=20 to have taken on a life of their own. The Brattle Group Study, for instance, has become the center of a heavily= =20 litigated effort to force FERC to compel the release of market data by California market=20 participants. Following on a request by SoCal Ed, which said it needed additional data to round out= =20 The Brattle Group report, FERC Chief ALJ Curtis Wagner issued subpoenas to the other three=20 major pipelines that serve the state as well as to Sempra Energy Trading. Several parties resisted FERC=01,s call for market information, saying the= =20 requested data contained commercially sensitive information. FERC allowed the discovery=20 process to move forward but only after attaching strict data protection rules restricting= =20 access to evidence (GD 4/23). Critics of the pipeline industry have already suffered one setback in their= =20 case. The commission recently dismissed the CPUC=01,s claim that El Paso rigged the auction of a= =20 large block of pipeline capacity in favor of affiliate El Paso Merchant Energy. In=20 addressing the California Assembly, representatives of Dynegy said that FERC=01,s recent ruling on th= e=20 California border controversy obviated the need for more investigation. The controversy, however, is far from over. FERC last month also ordered a= =20 hearing into whether El Paso Natural Gas and its affiliates manipulated capacity to driv= e=20 up the price of gas delivered into California (GD 3/29). That hearing is likely to take place= =20 this summer. (RP00- 241, et al.) NH ----- Forwarded by Jeff Dasovich/NA/Enron on 04/26/2001 05:23 PM ----- =09Douglas.Porter@sce.com =0904/19/2001 11:36 AM =09=09=20 =09=09 To: jeff.dasovich@enron.com =09=09 cc:=20 =09=09 Subject: Sacramento Pres Final 4_13_01(projected).ppt Per your request, attached are the presentation slides from yesterday. Douglas Porter, Senior Attorney Southern California Edison Company (626)302-3964 (626)302-3990(fax) douglas.porter@sce.com(See attached file: DRT2486.PPT) - DRT2486.PPT
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