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Enron Mail |
Cc: mariano.gentilini@enron.com, paul.mead@enron.com, ross.sankey@enron.com,
pierre.gaulle@enron.com, raphael.brun@enron.com, philip.davies@enron.com, simon.brod@enron.com, brendan.devlin@enron.com, gregor.baumerich@enron.com, pamela.milano@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: mariano.gentilini@enron.com, paul.mead@enron.com, ross.sankey@enron.com, pierre.gaulle@enron.com, raphael.brun@enron.com, philip.davies@enron.com, simon.brod@enron.com, brendan.devlin@enron.com, gregor.baumerich@enron.com, pamela.milano@enron.com X-From: Peter Styles X-To: Bruno Gaillard, Nailia Dindarova, David Gonzalez, Alfredo Huertas, Antoine Duvauchelle X-cc: Mariano Gentilini, Paul Mead, Ross Sankey, Pierre de Gaulle, Raphael Brun, Philip Davies, Simon Brod, Brendan Devlin, Gregor Baumerich, Pamela Milano X-bcc: X-Folder: \Richard_Shapiro_Nov2001\Notes Folders\Europe-june X-Origin: SHAPIRO-R X-FileName: rshapiro.nsf Aitor Moso of Iberdrola told me in Madrid yesterday that Iberdrola have "inherited", at least for a few months, 550 MW of import capacity under use it or lose it rules introduced by RTE in '99 or '00. Apparently EdF had kept using that capacity till early Winter, then kept nominating it for use, but actually did not use it for four months. The reason was excess hydropower availability in Spain driving prices down. Once the four month period expired, EdF lost the capacity rights and Iberdrola jumped in and booked it. I assume Raphael and Paul are aware of all this. I was also told that RTE is holding a seminar on their France-Spain interconnection capacity auction proposals in Paris next Monday. Iberdrola, Endesa and Hidrocantabrico (not surprisingly!) seem to be supportive. Are we attending? All these developments will of course be relevant to our answers to the Phase 2 questionnaire. When it arrives (tomorrow or Monday?) we may only be given a few days to answer it. Are we prepared? Bruno and Nailia have some days off in the next week or so let's get to work in advance - providing Ross, Mariano, Paul and Gregor back an intervention. The three previous submissions to DG COMP to work off are: a) '99 (?) on France/ Spain exports, b) '00 on EdF/ EnBW, and c) '01 on EdP/ Hidrocantabrico. I foresee the most obvious remedies to target being: 1) Freeing up LTRs on interconnectors. 2) Enhancing VPP auctions. From: Bruno Gaillard/Enron@EUEnronXGate on 06/11/2001 09:32 AM GDT To: Alfredo Huertas-rubio/Enron@EUEnronXGate, Peter Styles/LON/ECT@ECT cc: Paul Mead/LON/ECT@ECT, Ross Sankey/Enron@EUEnronXGate, Pierre de Gaulle/LON/ECT@ECT, Raphael Brun/LON/ECT@ECT, Philip Davies/Enron@EUEnronXGate, Simon Brod/LON/ECT@ECT, Nailia Dindarova/LON/ECT@ECT Subject: FW: Commission press release The EC is launching a phase two investigation on EDF's acquisition of Hidrocantabtrico. They fear EDF's presence in the Spanish market will reduce their incentives to built new interconnectors: "Once it has a foothold in Spain, it might presumably be less interested in increasing competition in the Spanish market via imports and hence could prevent any increase in the capacity of French interconnectors with Spain. It is recalled that all imports of electricity in Spain (with the exception of Portugal) need to go through the French grid and the French interconnectors". Mario Monti added "Separately, my services are also actively investigating whether EdF may have discriminated against third parties regarding access to the interconnector cables that carry electricity between France and Spain." I assume that OMEL (and REE?) is active in that case. However, we also have evidence that RTE is not optimising capacity and allowing historic users to block capacity. Do we want to get involved, and can we, in the "active case" (with OMEL or independently)? Do we want to get involved, and can we, in the acquisition case? Bruno -----Original Message----- From: Dindarova, Nailia Sent: 05 June 2001 17:48 To: Styles, Peter; Alfredo Huertas/LON/ECT@ENRON; David Gonzalez/LON/ECT@ENRON Cc: Gaillard, Bruno; Paul Hennemeyer/LON/ECT@ENRON Subject: Commission press release Alfredo / David, See attached press release re Commission's investigation of EnBW's acquisition of HC. ---------------------- Forwarded by Nailia Dindarova/LON/ECT on 05/06/2001 17:37 --------------------------- Amaia BeteluBazo <Amaia.Betelu@citigatepa.com< on 05/06/2001 15:37:21 To: "Nailia Dindarova (E-mail)" <Nailia.Dindarova@enron.com< cc: Thierry LeBeaux <Thierry.Lebeaux@citigatepa.com< Subject: Commission press release Dear Nailia, Please find attached a press release issued by the Commission today regarding the ongoing investigation on the acquisition by Spanish Group Villar Mir and EnBW of Spanish utility Hidrocantabrico. The Commission fears that the acquisition by EdF, through EnBW, would limit the interconnection capacity between the Iberian Peninsula and the rest of Europe. <<Press release 05.06.01.doc<< - Press release 05.06.01.doc
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