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Enron Mail |
The California Power Exchange (PX) is likely to issue a letter to its market
participants indicating that Enron has broken the PX's rules by purposefully overscheduling an intertie causing congestion and a market price increase. The attached FERC complaint opposing PX action is probably not in final form yet, but I wanted to get you in the loop because it may be filed with FERC as soon as tomorrow. The complaint explains that the PX tariff contains no prohibition against overscheduling and the California Independent System Operator, not the PX, schedules congestion over interties. Further, under FERC precedent, without prior FERC review, the Cal PX should not be issuing letters finding violations. Finally, the PX's analysis is seriously flawed because it doesn't consider market rules that actually caused the congestion and any potentially related price increase. We are very concerned about the PX's actions because we believe California utilities may be awaiting this letter to sue EPMI (estimated claims ranging between $6 million and $47 million). We probably want to aggressively publicise the filing so our side of the story comes out instead of the PX's. We have a meeting scheduled tomorrow with the PX where they will likely tell us if they will be issuing the letter. Call me if you have any questions: (503) 464-8862. ---------------------- Forwarded by Mary Hain/HOU/ECT on 02/01/2000 09:11 AM --------------------------- Enron Capital & Trade Resources Corp. From: "Ronald Carroll" <rcarroll@bracepatt.com< 01/31/2000 03:49 PM To: Mary Hain/HOU/ECT@ECT cc: Joe Hartsoe/Corp/Enron@ENRON Subject: Redraft of Silver Peak Complaint Mary, Please distribute as appropriate. Ron - 0119605.01
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