Message-ID: <19557874.1075846389426.JavaMail.evans@thyme> Date: Mon, 4 Dec 2000 23:41:00 -0800 (PST) From: steven.kean@enron.com To: christi.nicolay@enron.com Subject: Re: Hub and Spoke footnote for HQ Cc: asettanni@bracepatt.com, james.steffes@enron.com, joe.hartsoe@enron.com, richard.shapiro@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit Bcc: asettanni@bracepatt.com, james.steffes@enron.com, joe.hartsoe@enron.com, richard.shapiro@enron.com X-From: Steven J Kean X-To: Christi L Nicolay X-cc: "Andrea Settanni" , James D Steffes, Joe Hartsoe, Richard Shapiro X-bcc: X-Folder: \Steven_Kean_Dec2000_1\Notes Folders\Sent X-Origin: KEAN-S X-FileName: skean.nsf In the first sentence could we say "transmission owning market participant". Christi L Nicolay@ECT 12/04/2000 05:52 PM To: "Andrea Settanni" @ ENRON, Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON cc: Subject: Hub and Spoke footnote for HQ See my changes included in footnote below. "Andrea Settanni" on 12/04/2000 04:09:00 PM To: cc: Subject: Christi- this is how I changed the footnote. Is it ok? Let me know before I fax it. Christi- this is how I changed the footnote. Is it ok? Let me know before I fax it. The "Hub & Spoke" analysis is an appropriate method for determining the ability of a market participant to exercise market power in transmission. Market based rate applications for transmission-owning utilities merit the same level of scrutiny as that given to merger applications, i.e., a competitive screening analysis followed by a more detailed behavioral analysis whenever the screen reveals potential market power. Modernizing this type of market power analysis required with market based rate applications is of equal importance to that of improving the analysis for merger applications, as recognized by the Commission in its recent Filing Requirements Rulemaking, Order No. 642, Revised Filing Requirements Under Part 33 of the Commission's Regulations, 93 F.E.R.C. ? 61,164, 65 Fed. Reg. 70,983 (Nov. 28, 2000); see also Sithe Edgar L.L.C., 93 F.E.R.C. ? 61,193 (2000) (Massey, Comm'r, concurring).