Message-ID: <15239657.1075851973594.JavaMail.evans@thyme> Date: Tue, 10 Jul 2001 01:38:00 -0700 (PDT) From: gfoster@antigenics.com To: mark.palmer@enron.com, rshapiro@enron.com Subject: FW: where does our energy come from? Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "Foster, Gary" X-To: "Mark & Cozy Palmer (E-mail)" , "Rick and Amy Shapiro (E-mail)" X-cc: X-bcc: X-Folder: \Richard_Shapiro_Nov2001\Notes Folders\All documents X-Origin: SHAPIRO-R X-FileName: rshapiro.nsf -----Original Message----- From: Curt Pringle [mailto:Curt@curtpringle.com] Sent: Monday, July 09, 2001 6:23 PM Subject: where does our energy come from? Assemblyman Bill Leonard's most recent e-newsletter contained the following information. I think it is very interesting to consider in light of the present energy situation in California and the comments of our present Governor. Regards, Curt --------------------------------------------- ***Who Really Powers California?*** Governor Davis has made no secret that he believes that swashbuckling, cattle rustling, energy barons from Texas are to blame for our energy crisis. While Texas power companies make for good bad guys in the Governor's transparent Kabuki theater of blame, Leonard Letter readers may be interested to see who really provides power to Californians. The following list illustrates what percentage of our power supply each group of generators provides. (Editor's note: these percentages have been rounded up resulting in slightly more than 100%) 18%- Pacific Gas and Electric (California) 15%- Southern California Edison (California) 11%- Imported power from the Northwest (including Canada) 10%- Los Angeles Department of Water and Power (California) 10%- Imported power from the Southwest 7%- State and Federal Agencies 6%- AES power company 5%- Municipal Utilities and Irrigation Districts 5%- Reliant power company 4%- Duke power company 4%- Southern power company 4%- Dynegy power company 1%- Sacramento Municipal Utility District (California) 1%- Calpine power company 1%- San Diego Gas and Electric (California) It should be noted that of this list, only Dynegy and Reliant are from Texas. These two companies represent a total of 9% of California's energy portfolio. By comparison, Georgia-based Southern (Mirant), Virginia's AES, and North Carolina's Duke Energy, have a 14% share of our energy portfolio. This list does not focus on who is gaming the market. However, every provider listed benefited from skyrocketing energy prices. In trying to identify those power producers who used market power to ring up high profits on Californians, we should include ALL power producers in our investigations. State and federal agencies, independent power companies, utilities, municipal utilities, and even local irrigation districts could all be guilty of gouging consumers. Davis's focusing on only those companies from Texas does everyone in this state a disservice and is a misrepresentation of fact. ------------------------------ Curt Pringle Curt Pringle & Assoc. 2532 Dupont Drive Irvine, CA 92612 (949) 474-4090 (949) 474-4082 fax