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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Jeff Dasovich X-To: Alan Comnes, Angela Schwarz, Beverly Aden, Bill Votaw, Brenda Barreda, Carol Moffett, Cathy Corbin, Chris H Foster, Christina Liscano, Craig H Sutter, Dan Leff, Debora Whitehead, Dennis Benevides, Don Black, Dorothy Youngblood, Douglas Huth, Edward Sacks, Eric Melvin, Erika Dupre, Evan Hughes, Fran Deltoro, Gayle W Muench, Ginger Dernehl, Gordon Savage, Harold G Buchanan, Harry Kingerski, Iris Waser, James D Steffes, James W Lewis, James Wright, Jeff Messina, Jeremy Blachman, Jess Hewitt, Joe Hartsoe, Karen Denne, Kathy Bass, Kathy Dodgen, Ken Gustafson, Kevin Hughes, Leasa Lopez, Leticia Botello, Mark S Muller, Marsha Suggs, Marty Sunde, Meredith M Eggleston, Michael Etringer, Michael Mann, Michelle D Cisneros, mpalmer@enron.com, Neil Bresnan, Neil Hong, Paul Kaufman, Paula Warren, Richard L Zdunkewicz, Richard Leibert, Richard Shapiro, Rita Hennessy, Roger Yang, Rosalinda Tijerina, Sandra McCubbin, Sarah Novosel, Scott Gahn, Scott Stoness, Sharon Dick, skean@enron.com, Tanya Leslie, Tasha Lair, Ted Murphy, Terri Greenlee, Tim Belden, Tony Spruiell, Vicki Sharp, Vladimir Gorny, Wanda Curry, William S Bradford, Kathryn Corbally, Jubran Whalan, triley@enron.com, Richard B Sanders, Robert C Williams, Greg Wolfe, James Wright, Dirk vanUlden, Steve Walker, Jennifer Rudolph, Martin Wenzel, Douglas Condon, wgang@enron.com, Scott Govenar <sgovenar@govadv.com<, Hedy Govenar <hgovenar@govadv.com< @ ENRON, jklauber@llgm.com, Mike D Smith, John Neslage, Janel Guerrero, Eric Letke X-cc: X-bcc: X-Folder: \Richard_Sanders_Oct2001\Notes Folders\Iso_ pricecaps X-Origin: Sanders-R X-FileName: rsanders.nsf FYI. Appears that the Davis administration has thrown down the gauntlet, looking to position itself in a way that will allow it to blame the FERC/Bush administration for California's electricity crisis, unless FERC agrees to the ISO's price cap plan. Best, Jeff ----- Forwarded by Jeff Dasovich/NA/Enron on 03/08/2001 10:41 AM ----- "Katie Kaplan" <kaplan@iepa.com< 03/08/2001 10:44 AM To: "'Alex Sugaoka (E-mail)'" <alex.sugaoka@uaecorp.com<, "'Bill Carlson (E-mail)'" <william_carlson@wastemanagement.com<, "'Bill Woods (E-mail)'" <billw@calpine.com<, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com<, "'Bob Escalante (E-mail)'" <rescalante@riobravo-gm.com<, "'Bob Gates (E-mail)'" <bob.gates@enron.com<, "'Carolyn A Baker (E-mail)'" <cabaker@duke-energy.com<, "'Cody Carter (E-mail)'" <cody.carter@williams.com<, "'Curt Hatton (E-mail)'" <Curt.Hatton@gen.pge.com<, "'Curtis Kebler (E-mail)'" <curtis_l_kebler@reliantenergy.com<, "'David Parquet'" <david.parquet@enron.com<, "'Dean Gosselin (E-mail)'" <dean_gosselin@fpl.com<, "'Doug Fernley (E-mail)'" <fernley.doug@epenergy.com<, "'Douglas Kerner (E-mail)'" <dkk@eslawfirm.com<, "'Duane Nelsen (E-mail)'" <dnelsen@gwfpower.com<, "'Ed Tomeo (E-mail)'" <ed.tomeo@uaecorp.com<, "'Eileen Koch (E-mail)'" <eileenk@calpine.com<, "'Eric Eisenman (E-mail)'" <eric.eisenman@gen.pge.com<, "'Frank DeRosa (E-mail)'" <frank.derosa@gen.pge.com<, "Frazier Blaylock (E-mail)" <frazier_blaylock@ogden-energy.com<, "'Greg Blue (E-mail)'" <gtbl@dynegy.com<, "'Hap Boyd (E-mail)'" <Hap_Boyd@enron.com<, "'Hawks Jack (E-mail)'" <jack.hawks@gen.pge.com<, "'Jack Pigott (E-mail)'" <jackp@calpine.com<, "'Jim Willey (E-mail)'" <elliottsa@earthlink.net<, "'Joe Greco (E-mail)'" <jgreco@caithnessenergy.com<, "'Joe Ronan (E-mail)'" <joer@calpine.com<, "'John Stout (E-mail)'" <john_h_stout@reliantenergy.com<, "'Jonathan Weisgall (E-mail)'" <jweisgall@aol.com<, "'Kate Castillo (E-mail)'" <CCastillo@riobravo-gm.com<, "'Kelly Lloyd (E-mail)'" <kellyl@enxco.com<, "'Ken Hoffman (E-mail)'" <khoffman@caithnessenergy.com<, "'Kent Fickett (E-mail)'" <kfickett@usgen.com<, "'Kent Palmerton'" <kent.palmerton@williams.com<, "'Lynn Lednicky (E-mail)'" <lynn.a.lednicky@dynegy.com<, "'Marty McFadden (E-mail)'" <marty_mcfadden@ogden-energy.com<, "'Paula Soos'" <paula_soos@ogden-energy.com<, "'Randy Hickok (E-mail)'" <rjhickok@duke-energy.com<, "Rick S. Koebbe (E-mail)" <rskoebbe@powerworksinc.com<, "'Rob Lamkin (E-mail)'" <rllamkin@seiworldwide.com<, "'Roger Pelote (E-mail)'" <roger.pelote@williams.com<, "'Ross Ain (E-mail)'" <ain@worldnet.att.net<, "'Stephanie Newell (E-mail)'" <stephanie-newell@reliantenergy.com<, "'Steve Iliff'" <siliff@riobravo-gm.com<, "'Steve Ponder (E-mail)'" <steve_ponder@fpl.com<, "'Susan J Mara (E-mail)'" <smara@enron.com<, "'Tony Wetzel (E-mail)'" <twetzel@thermoecotek.com<, "'William Hall (E-mail)'" <wfhall2@duke-energy.com< cc: "'Andy Brown (E-mail)'" <ABB@eslawfirm.com<, "'B Brown Andy (E-mail)'" <andybrwn@earthlink.net<, "'Bob Weisenmiller (E-mail)'" <rbw@mrwassoc.com<, "'Jan Smutny-Jones (E-mail)'" <smutny@iepa.com<, "'Jean Munoz (E-mail)'" <jmunoz@mcnallytemple.com<, "'Jeff Dasovich (E-mail)'" <Jeff.Dasovich@enron.com<, "'John Larrea (E-mail)'" <john.g.larrea@williams.com<, "'Julee Malinowski-Ball (E-mail)'" <jmball@ns.net<, "'Kassandra Gough (E-mail)'" <kgough@calpine.com<, "'Katie Kaplan (E-mail)'" <kaplan@iepa.com<, "'Kristin Vellandi (E-mail)'" <kvellandi@pstrategies.com<, "'Lynn Lednicky (E-mail)'" <lale@dynegy.com<, "Marie Moretti (E-mail 2)" <mmoretti@mccabeandcompany.net<, "'Marty Wilson (E-mail)'" <mwilson@pstrategies.com<, "'McNally Ray (E-mail)'" <rmcnally@mcnallytemple.com<, "''Nam Nguyen' (E-mail)'" <nam.nguyen@powersrc.com<, "'Norton Kelli (E-mail)'" <knorton@mcnallytemple.com<, "'Paula Hall-Collins (E-mail)'" <paula.hall-collins@williams.com<, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com<, "'Theo Pahos (E-mail)'" <tpahos@ppallc.com<, "'Tom Ross (E-mail)'" <tross@mcnallytemple.com< Subject: FW: CAISO Notice - Draft Market Stabilization Plan Greetings: Late last night the ISO released a Market Stabilization plan that would essentially impose cost based pricing control caps and apply a strict California First Policy. Here's ISO's 3-page sketch to impose cost-based pricing intended to control costs on consumers on very short order. Unit-specific cost-based bid caps will apply to ISO markets. ISO will have dispatch control over all CA generation. Capital costs and return appear to be excluded from the bid caps. ISO will pick of the day-ahead and day-of energy markets lot to the demise of CalPX, thus ending the "market separation." There appears to be language that intimates direct unit dispatch, but the document is very thin on this. ISO proposes payments based either on the "as-bid" up to unit bid cap, or apparently a uniform market-clearing price based on marginal units cap. Out of state resources are paid California capped rates. Settlement will be on numbers other than those posted (so much for transparency). There's looking to procure AS based on optimization, although this is not spelled out well (it appears that self-provision is gummed up completely). To prevent "MW Laundering" CA will required in-area generation to make all capacity available whenever Stage 1 or higher emergency (i.e., reserves below 7%). This California First! rule means the generation must be scheduled against CA loads or bid into day-ahead market. If you don't bid your bid cap is applied. There will be a capacity element similar to RMR. This change will require FERC buy-in, which obviously will be litigation-central, and its likely to create a cascade of similar requirements from other states ... Thanks Andy for the quick summary! IEP will monitor the Friday call and review all documents to let people know what is happening. Katie Kaplan Manager of State Policy Affairs Independent Energy Producers Association (916) 448-9499 -----Original Message----- From: Woertz, Byron [mailto:BWoertz@caiso.com] Sent: Wednesday, March 07, 2001 6:40 PM To: ISO Market Participants Subject: CAISO Notice - Draft Market Stabilization Plan ISO Market Participants: Attached is the ISO's draft market stabilization plan. This document will be the basis of our conference call on Friday, March 9th at 10:00. <<Market Stabilization Draft 010307.doc<< Byron B. Woertz, Jr. Director, Client Relations (916) 608-7066 - Market Stabilization Draft 010307.doc
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