Message-ID: <4985901.1075863590149.JavaMail.evans@thyme> Date: Fri, 11 Aug 2000 05:27:00 -0700 (PDT) From: jeff.dasovich@enron.com To: dennis.benevides@enron.com, roger.yang@enron.com, douglas.condon@enron.com Subject: ISO Special 8.10.00 Report on Energy Market Issues and Performance: May-June, 2000 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Jeff Dasovich X-To: Tim Belden@ECT, Robert Badeer@ECT, Dave Parquet@ENRON_DEVELOPMENT, Dennis Benevides, Roger Yang, Douglas Condon X-cc: X-bcc: X-Folder: \Robert_Badeer_Aug2000\Notes Folders\All documents X-Origin: Badeer-R X-FileName: rbadeer.nsf ---------------------- Forwarded by Jeff Dasovich/SFO/EES on 08/11/2000 10:27 AM --------------------------- Jeff Dasovich on 08/11/2000 10:26:23 AM To: Paul Kaufman@EES, James D Steffes/HOU/EES@EES, Joe Hartsoe/Corp/Enron@Enron, Cynthia Sandherr/Corp/Enron@Enron, Richard Shapiro/HOU/EES@EES, Mary Hain@ENRON_DEVELOPMENT, Karen Denne/Corp/Enron@Enron, Peggy Mahoney/HOU/EES@EES, mpalmer@enron.com, Susan J Mara/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES, Sarah Novosel/Corp/Enron@Enron, Bruno Gaillard/SFO/EES@EES cc: Subject: ISO Special 8.10.00 Report on Energy Market Issues and Performance: May-June, 2000 FYI. The ISO Dept. of Market Analysis Released a rather hefty "special report" yesterday. The URL is attached. Among other things, it concludes that, despite the lack of generation concentration in California, market power in times of shortage has been partially responsible for the price spikes. "The observed market power was the combined effect of the bidding activity of in-state and out-of-state generation sources.... The high prices bid by out-of-state suppliers as well as the high prices quoted to ISO's out-of-market calls are indications of the market power of out-of-state suppliers"...[A]t high load conditions, even suppliers with less than a 9% market share can have significant market power." http://www.caiso.com/pubinfo/recent.html