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Enron Mail |
FYI. Just so you know what we're saying in California.
The attached draft answers the California Municipal Utilities Association complaint that California markets are not workably competitive and therefore FERC should establish cost-based rates. In its complaint, CMUA argued that the market isn't workably competitive because the prices were higher this summer than in previous years even in hours where demand was no higher. Seabron's paper shows that high prices have resulted from a number of unrelated structural and market design factors and increasing attempts at regulatory intervention. He also debunks the assertions that cost-based rates will fix the problem in California and will be easily administered by FERC. Our answer is due at FERC tomorrow so please get me your comments ASAP. ---------------------- Forwarded by Mary Hain/HOU/ECT on 10/25/2000 10:19 AM --------------------------- Enron Capital & Trade Resources Corp. From: "Sabine Schnittger" <Sabine.Schnittger@frontier-economics.com< 10/25/2000 08:23 AM To: "Mary C Hain" <mary.hain@enron.com< cc: Subject: Draft response to CMUA paper Mary: Please find attached a first draft of Enron's response to the CMUA, please let us know your comments. Seabron can be contacted on his cell-phone (617 513 5904) this morning, but will be in the office at noon. Alternatively, you could pass on comments to me. Are you or is one of our staff able to assist us with a reference to the claim that hydro water levels were low in California this year? Best wishes, Sabine. ------------------------------------------------------ This e-mail, and any attachments thereto, is intended only for use by the addressee(s) named herein and may contain legally privileged and/or confidential information. If you are not the intended recipient of this e-mail, you are hereby notified that any dissemination, distribution or copying of this e-mail, and any attachments thereto, is strictly prohibited. If you have received this e-mail in error, please immediately notify me at (617) 354-0060 and permanently delete the original and any copy of any e-mail and any printout thereof. Sabine Schnittger Managing Consultant Frontier Economics Two Brattle Square Cambridge, MA 02138 Office tel: (617) 354-0060 Office fax: (617) 354-0640 Mobile: (617) 480-5992 Email: sabine.schnittger@frontier-economics.com http://www.frontier-economics.com - 00-10-26-SA-SS draft.doc
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