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Enron Mail |
The point I didn't get a chance to finish this morning was that Sithe (the
proponent of a major project- though many are skeptical ) have evidently told the Ministry of Energy that they are comfortable with a Spring 2002 opening. This is not helpful because generation investment has been key to the gov't's message re the benefits of competition. The Minister has been using the alleged Sithe position to counter the argument that a Fall opening is critical to sustaining momentum and investment in the Ontario power sector. I know the Sithe person here and he is very ornery (the former Chair of IPPSO) . I know that we have a major commercial arrangement with Sithe in the US. Is there any one in Houston (Lay, Lavorato, Delainey) who can lever a more supportive position out of Sithe. With respect to the last point in my attached memo, I am wondering whether we could lever some senior US official to draw attention to the enormous profits that BC Hydro made in California and use this to make a case for reciprocity - "If you want access to our markets, you better open up Yours as soon as possible". (Best do this in advance of Lay's meeting with the Premier). I think the point is more obviously made re BC than OPG but the point would not be lost on OPG which had revenues in excess of CAD $279,000,000 in 2000 on 4.0TWh. Most, if not all of that, of that would be from US markets. In the absence of a FERC marketer authorization, all OPG physical transactions are done at the border. In NY, even those border transactions require OPG to be a member of the NY ISO. In order to become a member of the NY ISO, OPG had to get a waiver of the tariif provision re reciprocity. They got an extension of that waiver from the Management Committee earlier this year only after a speech by Dave Goulding of the IMO to the Members Committee that the Ontario market would open this year. That waiver will expire at the end of this year. So OPG must understand that there is a serious risk that the waiver will not be extended if the market is not opened in accordance with Goulding's assurances. ----- Forwarded by Aleck Dadson/TOR/ECT on 04/11/2001 04:08 PM ----- Aleck Dadson 04/11/2001 03:53 PM To: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron cc: Subject: Ontario Conference Call __________________ Attached is a proposed agenda/outline of what we have done and will be doing and a list of the Queen's Park contacts to date. Give me a call, if you have a chance, pre-Lavo.
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