Message-ID: <14783320.1075840735422.JavaMail.evans@thyme> Date: Mon, 30 Oct 2000 03:05:00 -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 Subject: DJ Puget Sound Asks FERC For Price Caps In Western Region 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 X-cc: X-bcc: X-Folder: \mark guzman 6-28-02\Notes Folders\Notes inbox X-Origin: GUZMAN-M X-FileName: mark guzman 6-28-02.nsf ---------------------- Forwarded by Carla Hoffman/PDX/ECT on 10/30/2000 11:15 AM --------------------------- Enron Capital & Trade Resources Corp. From: "Pergher, Gunther" 10/30/2000 10:18 AM To: undisclosed-recipients:; cc: Subject: DJ Puget Sound Asks FERC For Price Caps In Western Region 17:22 GMT 30 October 2000 DJ Puget Sound Asks FERC For Price Caps In Western Region NEW YORK (Dow Jones)--Puget Sound Energy Inc.(PSD) has requested that federal regulators impose price caps on sellers of wholesale electricity in the California and Pacific Northwest power markets. "Generally we do not favor price caps since they do not allow a wholesale market to work competitively," said William Gaines, Puget Sound Vice President of energy supply, in a prepared statement. "But in this case the only thing worse than a price cap is a price cap on only part of the market." Puget Sound said in an Oct. 26 complaint filed with the Federal Energy Regulatory Commission that it is "unfair and unduly discriminatory to protect wholesale purchasers in California with a price cap and yet deny similar protection to wholesale purchasers in another part of essentially the same market." Thousands of energy transactions occur each month between the Pacific Northwest and California, according to Puget Sound. "While Puget Sound Energy strongly supports a competitive marketplace, any federal action that will alter the wholesale electric market in one region needs to apply to all affected parts of that region," Gaines said. Price caps imposed only in California would result in the state buying power in the Pacific Northwest at lower prices and customers in the Pacific Northwest paying higher costs when that region purchases power from California, according to the company. -By Jason Leopold; Dow Jones Newswires; 323-658-3874; jason.leopold@dowjones.com (END) Dow Jones Newswires 30-10-00 1722GMT 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