California article in NL

Exchange below just FYI.

---------------------- Forwarded by Peter Styles/LON/ECT on 07/11/2001 05:0=
5=20
PM ---------------------------
From: Ross Sankey/Enron@EUEnronXGate on 07/11/2001 02:58 PM GDT
To: Eric Shaw/ENRON@EUEnronXGate, Paul Mead/Enron@EUEnronXGate, Eva=20
Hoeffelman/Enron@EUEnronXGate, Jackie Gentle/LON/ECT@ECT
cc: Mark Konijnenberg/Enron@EUEnronXGate, Dirk Van Vuuren/Enron@EUEnronXgat=
e,=20
Peter Styles/LON/ECT@ECT, Teun van Biert/Enron@EUEnronXGate=20

Subject: FW: news article: "the Real story"

Eva,
=01;
Is this the story that we were previously contacted about by the NRC?
=01;
I have not read it in detail but it clearly fingers (part) of the blame at=
=20
"producers" withholding capacity including some such as Enron! which=20
supposedly purchased old capacity (I am not aware that we did).
=01;
I am concerned about this story on 2 levels :-

1. It contains factual errors but suggests that lessons should be learnt by=
=20
Dutch regulators to avoid problem ie could lead to anti-liberalisation=20
backlash=01;and re-regulation (eg bring back the Protocol!).=01;=20
2. We, along with other=01; market parties, are currently encouraging=20
authorities in NL to tackle market power of the producers ie Electrabel,=20
Reliant etc.=01; Surprisingly, Reliant is NOT mentioned in respect of Calif=
ornia=20
price spikes but Enron is.=01; Whilst not a directly comparable situation, =
the=20
question over whether or not certain players have abused=01;market power=01=
;is=20
common.=01; I do not want Enron=01;"tarred with the wrong brush" in these=
=20
discussions, especially since Reliant (which is a producer in California!) =
is=20
getting away with it in NL!

Obviously, we do not want necessarilly want to stir up the hornet's nest on=
=20
this BUT also do not want incorrect statements; especially=01;about Enron a=
nd=20
California and especially where these can undermine our credibility/infleun=
ce=20
in Netherlands.=01; Hence, should we ask NRC to correct...
=01;
Lets discuss.
=01;
Regards,
=01;
Ross
=01;
=01;
=01;
=01;
-----Original Message-----
From: J.Brinksma@nuon.com [mailto:J.Brinksma@nuon.com]
Sent: 11 July 2001 14:15
To: Sankey, Ross; mwitteveen@enron.com; mkonijnenberg@enron.com
Subject: news article: "the Real story"

See below attached news article. It describes a view on the Californian=20
market, which would almost decribe the Dutch situation of last week.
=01;
-----Original Message-----
From: Hes, Franka=20
Sent: woensdag 11 juli 2001 14:25
To: 'ron langenkamp'; Brinksma, Jogchum
Subject: FW: krantartikel

Ron, this is the translation of the newspaper article about power problems =
in=20
California published last Saturday in NRC, which Jogchum showed you.
=01;
Franka
-----Oorspronkelijk bericht-----
Van: Lester Nunnelee [mailto:lnunnel@euronet.nl]
Verzonden: Wednesday, July 11, 2001 13:52
Aan: Franka.Hes@nuon.com
Onderwerp: krantartikel

Beste Franka,
=01;
Hierbij de vertaalde krantartikel.
=01;
groetjes,
=01;
Lester