Message-ID: <13385335.1075840631415.JavaMail.evans@thyme> Date: Tue, 31 Oct 2000 03:11:00 -0800 (PST) From: carla.hoffman@enron.com To: tim.belden@enron.com, robert.badeer@enron.com, jeff.richter@enron.com, phillip.platter@enron.com, mike.swerzbin@enron.com, diana.scholtes@enron.com, sean.crandall@enron.com, matt.motley@enron.com, mark.guzman@enron.com, tom.alonso@enron.com, mark.fischer@enron.com, monica.lande@enron.com Subject: DJ Calif ISO Board: Mgmt Can Sign Deals On New Generators Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Carla Hoffman X-To: Tim Belden, Robert Badeer, Jeff Richter, Phillip Platter, Mike Swerzbin, Diana Scholtes, Sean Crandall, Matt Motley, Mark Guzman, Tom Alonso, Mark Fischer, Monica Lande X-cc: X-bcc: X-Folder: \mark guzman 6-28-02\Notes Folders\All documents X-Origin: GUZMAN-M X-FileName: mark guzman 6-28-02.nsf ---------------------- Forwarded by Carla Hoffman/PDX/ECT on 10/31/2000 11:10 AM --------------------------- Enron Capital & Trade Resources Corp. From: "Pergher, Gunther" 10/31/2000 06:32 AM To: undisclosed-recipients:; cc: Subject: DJ Calif ISO Board: Mgmt Can Sign Deals On New Generators 14:26 GMT 31 October 2000 DJ Calif ISO Board: Mgmt Can Sign Deals On New Generators NEW YORK (Dow Jones)--The governing board of the California Independent System operator confirmed Monday night that the ISO's management is authorized to pay for new generating capacity to be built in California. An emergency board meeting was called to vote on the resolution, which said that ISO staff "is authorized to enter into contract for approximately 2,000 MW of peaking capacity for a period of three years at a total cost for capacity not to exceed $255 million per year." The resolution passed 15-3, with four abstentions and one absence. It was Monday's only vote. The confirmation, on the eve of the ISO signing contracts for the new generators, became necessary when the California Public Utilities Commission and the California Electric Oversight Board told the ISO on Thursday that they wanted to approve any such contracts before the ISO signed them. Some of the supply, the PUC and EOB said, may be too expensive. The ISO, in turn, asked the PUC and EOB to share any information they had on less expensive new power supplies by noon Monday, but no such information was submitted. The new peaking capacity is to be on line in the state by June 1. The contracts to build them are the result of a request for proposals issued in August. -By Mark Golden, Dow Jones Newswires 201-938-4604; mark.golden@dowjones.com (END) DOW JONES NEWS 10-31-00 09:26 AM Copyright (c) 1998, Dow Jones & Company Inc G_nther A. Pergher Senior Analyst Dow Jones & Company Inc. Tel. 609.520.7067 Fax. 609.452.3531 The information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any computer. <> - Gunther Pergher (E-mail).vcf