Don't know- Does anyone know?


From: James D Steffes on 11/22/2000 07:43 AM
To: Richard Shapiro/NA/Enron@Enron
cc:  

Subject: Re: Report of Editorial Board Meeting with the San Diego 
Union-Tribune  

Do you think that there is a deal in the works and we are "out in the rain"?  
I have to doubt that DENA or Southern are willing to give $ back to 
California.  Maybe Reliant would.

Jim





	Richard Shapiro
	11/22/2000 07:37 AM
		 
		 To: James D Steffes/NA/Enron@Enron
		 cc: 
		 Subject: Report of Editorial Board Meeting with the San Diego Union-Tribune

FYI
---------------------- Forwarded by Richard Shapiro/NA/Enron on 11/22/2000 
07:36 AM ---------------------------


"Lynne Church" <LCHURCH@epsa.org> on 11/21/2000 05:21:23 PM
To: <joer@calpine.com>, <jmdonnell@duke-energy.com>, 
<wfhall@duke-energy.com>, <KERA@dynegy.com>, <jhartso@enron.com>, 
<Richard.Shapiro@enron.com>, <smutny@iepa.com>, 
<craig.mataczynski@nrgenergy.com>, <Kent_Burton@Ogden-Energy.com>, 
<john_h_stout@reliantenergy.com>, <cslesser@seiworldwide.com>, 
<jtmiller@thermoecotek.com>, <Tim.Thuston@williams.com>, <gackerman@wptf.org>
cc: "Gene Peters" <GPETERS@epsa.org>, "Julie Simon" <JSIMON@epsa.org>, "Mark 
Stultz" <MSTULTZ@epsa.org> 

Subject: Report of Editorial Board Meeting with the San Diego Union-Tribune

IEP's public affairs consultant arranged an editorial board meeting for me 
while I was in town for the NARUC meeting.  Present were Don Sevrens, news 
editor/insight section; Bill Osborne, senior editor/opinion; Jim Gogek, 
editorial writer; Bernie Jones, editor, opinion pages; Craig Rose, the 
reporter who has written extensively on the topic, and a photographer.

My two primary messages were that (1) wholesale and retail competition is 
working elsewhere, particularly in Pennsylvania, and can eventually work in 
California if the rules are changed, and (2) California has a severe supply 
shortage and needs to focus on providing incentives for new generation and 
expediting the permitting process.  I was subtly trying to get across the 
message that leadership was needed to help Californians deal with the need to 
reconcile their environmental and land use goals with the need to bring their 
power supply and demand into balance.  I, of course, defended FERC's order on 
the causes of the price volatility in California this summer and their lack 
of any authority to order retroactive refunds.  I also pointed out that there 
were no findings of individual market abuse, so that refunds wouldn't be 
warranted even if there was legal authority.  I also pointed out the problems 
with price caps.

Other than Craig Rose, who disagreed with me any chance he got, the others 
asked good questions and seemed to be listening.  They made the point 
repeatedly that this matter is very political, suggesting that a political 
compromise with the generators/marketers is necessary.  One of them said he 
had heard there was a deal with the generators being negotiated and asked me 
my position.  I responded that I had no response.  Anything like that is the 
business of individual members.

They indicated that they expected to do a story for this coming Sunday's 
Insight Section.  Please give me any feedback you have.

cc:  Stu Ryan, AES by fax
       Jim Macias, Calpine, by fax