Message-ID: <196591.1075846349725.JavaMail.evans@thyme> Date: Fri, 22 Sep 2000 07:18:00 -0700 (PDT) From: miyung.buster@enron.com To: filuntz@aol.com, liz@luntz.com, nicholas.o'day@enron.com, mike.dahlke@enron.com, jennifer.rudolph@enron.com Subject: CalPX Told To Release Confidential Trade Data To .. Cc: steven.kean@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: steven.kean@enron.com X-From: Miyung Buster X-To: Joe Hartsoe@ENRON, Sandra McCubbin@EES, Susan Mara@EES, Paul Kaufman@ECT, Karen Denne@ENRON, Jeff Dasovich@EES, Mark Palmer@ENRON, James D Steffes@EES, Richard Shapiro@EES, Elizabeth Linnell@EES, Jeannie Mandelker@ECT, filuntz@aol.com, Mark Schroeder@ECT, Peter Styles@ECT, Liz@luntz.com, Mona L Petrochko@EES, Peggy Mahoney@EES, Nicholas O'Day, Mike Dahlke, Rob Bradley@ENRON, Shelley Corman@ENRON, Jennifer Rudolph X-cc: Steven J Kean X-bcc: X-Folder: \Steven_Kean_Dec2000_1\Notes Folders\Heat wave X-Origin: KEAN-S X-FileName: skean.nsf CalPX Told To Release Confidential Trade Data To State 09/22/2000 Dow Jones Energy Service (Copyright (c) 2000, Dow Jones&Company, Inc.) LOS ANGELES -(Dow Jones)- California's Electricity Oversight Board has ordered the state's Power Exchange to hand over confidential information to the board regarding the trading activities of utilities, generation companies and other market participants who traded power at the exchange since June, according to a copy of a subpoena obtained by Dow Jones Newswires. The subpoena marks the first time the state will gain access and learn how each company traded power in the day-of, day-ahead and block forward markets. Moreover, the EOB subpoena requests the CalPX release the names of the participants who traded power at the exchange since June to better understand how and why the participants conduct business in the various markets at the exchange. The CalPX has until Wednesday to hand over "aggregate supply and demand curves, individual firm bid dates, final schedules for each firm by generating unit, injection point and take out point," from June 1 through September and continue supplying trading data through Nov. 1. In addition, the subpoena requests "block forward trade positions by firm for June, July, August and September" and that this information continue to be supplied through October and November. The subpoena is part of the state's ongoing investigation into California's troubled deregulated electricity market, which has resulted in high wholesale power prices in San Diego, landmark legislative action and accusations of collusion, price gouging and market power. Gov. Gray Davis ordered an investigation in June, when power prices soared to near record levels and rolling blackouts wreaked havoc in the Bay Area. The CalPX said it will comply with the EOB request and that a subpoena to access the confidential information is required according to the rules of the exchange. But the EOB will be required to protect the confidentiality of each trade it gains insight into as well as the identities of the participants who traded. If the trading activities of a company or other participant is leaked or becomes public it could have a devastating affect on the company and the EOB would be held liable, according to the CalPX. The CalPX said it must notify each and every participant who traded power in its various markets to alert them of the EOB subpoena. -By Jason Leopold; Dow Jones Newswires; 323-658-3874; jason.leopold@dowjones.com Folder Name: Utilities, Electric: Retail Wheeling Relevance Score on Scale of 100: 53 ______________________________________________________________________ To review or revise your folder, visit Dow Jones CustomClips or contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact your local sales representative.) ______________________________________________________________________ Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved