Message-ID: <24350126.1075860477646.JavaMail.evans@thyme> Date: Mon, 15 Jan 2001 11:32:00 -0800 (PST) From: mary.hain@enron.com To: whain@pace.net Subject: FERC Conference on Market Monitoring- REVISED DRAFT Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: Mary Hain X-To: whain@pace.net X-cc: X-bcc: X-Folder: \Mary_Hain_Aug2000_Jul2001\Notes Folders\'sent mail X-Origin: Hain-M X-FileName: mary-hain.nsf Do first thing. ---------------------- Forwarded by Mary Hain/HOU/ECT on 01/15/2001 07:39 PM --------------------------- Enron Capital & Trade Resources Corp. From: Joe.Hartsoe@enron.com 01/15/2001 09:17 AM To: Mary.Hain@enron.com cc: acomnes@enron.com, dbva@radix.net Subject: FERC Conference on Market Monitoring- REVISED DRAFT Mary -- Please check with the desk and Alan to see if we can live with this or have suggestions. Thanks Joe. ----- Forwarded by Joe Hartsoe/Corp/Enron on 01/15/2001 11:12 AM ----- "Jackie Gallagher" To: , , , psa.org> , , 01/12/2001 , , 11:14 AM , , cc: Subject: FERC Conference on Market Monitoring- REVISED DRAFT MEMORANDUM TO: Regulatory Affairs Committee Power Marketers Working Group FROM: Joe Hartsoe, Regulatory Affairs Committee Chair Bob Reilley, Power Marketing Working Group Chair Julie Simon, Vice President of Policy DATE: January 12, 2001 RE: FERC Conference on Market Monitoring in California ? Revised Draft ? Conference Call on Tuesday, January 16th, 2:00 p.m. (EST), 1-800-937-6563 Based on discussion at our last conference call and follow-up conversations with some EPSA members, attached is a significantly revised list of Guiding Principles on Market Monitoring for FERC's staff technical conference on January 23rd to develop market monitoring procedures for the Cal ISO markets. The most significant change from the prior draft is that we now delete any reference to specific price levels that would screen prices in California and focuses instead why a price-based analysis for market monitoring is inappropriate, since it fails to account for capacity costs, opportunity costs and scarcity values. FERC Staff has asked that EPSA be prepared to make a presentation at the January 23rd conference, so it is important that we see if there is consensus on this approach. We will discuss this draft on a conference call on Tuesday, January 16th at 2:00 p.m. (EST). To access the call, please dial 1-800-937-6563. Ask for the Julie Simon/EPSA Call. In the meantime, if you have any questions, concerns or ideas about this effort, please contact Julie at 202-789-7200 or jsimon@epsa.org before the call. Attachment (See attached file: MARKET MONITORING2.doc) - MARKET MONITORING2.doc