Message-ID: <31137708.1075860390421.JavaMail.evans@thyme> Date: Thu, 1 Mar 2001 09:11:00 -0800 (PST) From: mary.hain@enron.com To: alan.comnes@enron.com, cara.semperger@enron.com, bill.williams.iii@enron.com, susan.mara@enron.com Subject: RE: CAISO Notice: ISO FERC Tariff Amendment 33 - Guidelines for S ubmitting Costand Supporting Data Docum Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Mary Hain X-To: Alan Comnes, Cara Semperger, Bill.Williams.III@enron.com, Susan J Mara X-cc: X-bcc: X-Folder: \Mary_Hain_Aug2000_Jul2001\Notes Folders\Discussion threads X-Origin: Hain-M X-FileName: mary-hain.nsf Anyone have any brilliant ideas on how we can produce this information? In the meantime, Sue and I can prolong having to produce the information until we negotiate a confidentiality agreement. ---------------------- Forwarded by Mary Hain/HOU/ECT on 03/01/2001 05:20 PM --------------------------- Enron Capital & Trade Resources Corp. From: "Fergus, Gary S." 03/01/2001 05:11 PM To: "'Mary.Hain@enron.com'" , Christian.Yoder@enron.com cc: "\"Jeffrey Watkiss\" @ ENRON" , Bill.Williams.III@enron.com, Chris.Mallory@enron.com, Christian.Yoder@enron.com, Harry.Kingerski@enron.com, James.D.Steffes@enron.com, Jeff.Richter@enron.com, Joe.Hartsoe@enron.com, Mark.Palmer@enron.com, Richard.Sanders@enron.com, Sarah.Novosel@enron.com, steve.c.hall@enron.com, Susan.J.Mara@enron.com, "cc: \"Ronald Carroll\"" , Tim.Belden@enron.com, "Fergus, Gary S." , mday@gmssr.com, sbishop@gibbs-bruns.com Subject: RE: CAISO Notice: ISO FERC Tariff Amendment 33 - Guidelines for S ubmitting Costand Supporting Data Docum Mary, One of the issues in January that helped us along the path of not reporting to FERC December over cap sales in addition to not being required yet under the tariff was the question of how to match cost to sales in California. If the data is due tomorrow, we will need to decide how to resolve that issue first thing tomorrow. Thanks Gary -----Original Message----- From: Mary.Hain@enron.com [mailto:Mary.Hain@enron.com] Sent: Thursday, March 01, 2001 4:00 PM To: Christian.Yoder@enron.com Cc: "Jeffrey Watkiss" @ ENRON; Bill.Williams.III@enron.com; Chris.Mallory@enron.com; Christian.Yoder@enron.com; Harry.Kingerski@enron.com; James.D.Steffes@enron.com; Jeff.Richter@enron.com; Joe.Hartsoe@enron.com; Mark.Palmer@enron.com; Mary.Hain@enron.com; Richard.Sanders@enron.com; Sarah.Novosel@enron.com; steve.c.hall@enron.com; Susan.J.Mara@enron.com; cc: "Ronald Carroll"; Tim.Belden@enron.com; gfergus@brobeck.com; mday@gmssr.com; sbishop@gibbs-bruns.com Subject: Re: CAISO Notice: ISO FERC Tariff Amendment 33 - Guidelines for Submitting Costand Supporting Data Docum The ISO is now saying that it has the authority to require EPMI to report our prices over the price cap pursuant to Section 4.5.1of its Market Monitoring Protocol. This provision gives the Market Surveillance Unit very broad authority to request information, specifically: "the submission of any infomration or data determined by the Market Surveillance Unit to be potentially relevant by ISO Participants, the PX or other entities whose activies may affect the operation of the ISO market." Apparently EPMI had some December sales over the cap. The FERC did not order us to report these December sales to FERC but the ISO is now requesting it. I think our only available approach is to provide the information to the ISO pursuant to a confidentiality agreement. I have asked Sue Mara if she would contact WPTF about negotiating a confidentiality agreement. Richard, please advise if this is the proper course of action. Please note, the information is due tomorrow. (Embedded image moved to file: pic09515.pcx) Christian Yoder (Embedded image moved to file: pic17964.pcx) 03/01/2001 08:30 AM To: "Jeffrey Watkiss" @ ENRON, , , , , , , , , , , , , , cc: "Ronald Carroll" , cc: Subject: Re: CAISO Notice: ISO FERC Tariff Amendment 33 - Guidelines for Submitting Costand Supporting Data Docum (Document link: Mary Hain) I agree with Dan. Have we sold above the cap? If so, report. If not, tell them we will let them know when we do.----cgy (Embedded Enron Capital & Trade Resources Corp. image moved to file: From: "Jeffrey Watkiss" pic23342.pcx) 03/01/2001 07:00 AM To: , , , , , , , , , , , , , cc: "Ronald Carroll" , Subject: Re: CAISO Notice: ISO FERC Tariff Amendment 33 - Guidelines for Submitting Costand Supporting Data Docum If we haven't sold anything over the cap, then I would go with #3: Report that we haven't and that we shan't report until we do. >>> 02/28/01 07:03PM >>> By a letter in early January, the ISO told EPMI that FERC's order accepting the ISO's Tariff Amendment No. 33 had ordered EPMI to report to the ISO transactions above the price cap. We reviewed the FERC Order and concluded that the FERC had imposed no such obligation. We decided to do nothing rather than explain this in a letter to the ISO because the letter could be quoted out-of-context in the newspaper. Moreover, it's my understanding that we have done no transactions over the cap, so, even if the ISO has correctly interpreted the tariff there would be nothing to provide the ISO. The ISO is now threatening (see attached E-mail) to bring enforcement actions against parties that do not report to the ISO transactions above the price cap (whether or not the transactions are out-of-market). I could do one of several things for you at this point: Stay quiet Send the letter (see attached letter to Eric Hilderbrandt) Send the ISO a letter saying we haven't sold anything over the cap and will not report unless and until we do Call the FERC hotline and ask them to get the ISO off our back Ask Sue or Joe to mobilize some action by WPTF or EPSA I am fearful that if we stay quiet, the ISO will put us on a list (like the "Dirty 13" list) and we'll end up in the press again. To lay low, I'm inclined to pursue options 3 or 4. What do others think? Traders - please verify my understanding about our transactions with the ISO. (See attached file: Letter to Eric Hilderbrandt.doc) ---------------------- Forwarded by Mary Hain/HOU/ECT on 02/28/2001 03:39 PM --------------------------- (Embedded Enron Capital & Trade Resources Corp. image moved to file: From: "Fuller, Don" pic05565.pcx) @caiso.com> 02/28/2001 03:19 PM Please respond to "Hildebrandt, Eric" Sent by: "Happ, Susan" To: ISO Market Participants cc: Subject: CAISO Notice: ISO FERC Tariff Amendment 33 - Guidelines for Subm itting Cost and Supporting Data Documentation. Attached is information regarding the ISO FERC Tariff Amendment 33 and reporting guidelines including where to send the requested information. If you have any questions, please contact Eric Hildebrandt at (916) 608-7123 or EHildebrandt@caiso.com. > <> <> > > Eric Hildebrandt > Manager of Market Monitoring > California Independent System Operator > (916) 608-7123 > (See attached file: DMA_Letter_Feb27.doc) (See attached file: DMA Cost Reporting Guidelines.doc) ======================================================= This email message is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply email and destroy all copies of the original message. To reply to our email administrator directly, send an email to postmaster@brobeck.com BROBECK PHLEGER & HARRISON LLP http://www.brobeck.com