-----Original Message-----
From: Perry, Jon [mailto:JPerry@SPPC.com]
Sent: Tuesday, October 02, 2001 9:07 AM
To: Scholtes, Diana
Subject: FW: FERC to adjust Caps?????????
Importance: High




> -----Original Message-----
> From:	Smart, Mike 
> Sent:	Tuesday, October 02, 2001 8:57 AM
> To:	Perry, Jon; Hunter, Charles; Joyce, Jim; Berg, Craig
> Subject:	FERC to adjust Caps?????????
> Importance:	High
> 
> Could this end up changing the Western Region FERC Price mitigation plan
> (i.e. Price Caps)?
> 
> 
> *    FERC CHIEF WOOD TO FOCUS ATTENTION ON PACIFIC NW NEEDS
>      FERC Chairman Pat Wood said the agency would focus on the 
> Pacific Northwest, Energy Daily reported. While California 
> worried about summer blackouts last year, states like Washington 
> and Idaho could face shortages in the future because of a lack of 
> rain for hydropower coupled with winter peak electricity needs.
>      In addition to making the Northwest the first stop a tour of 
> the power grid regions, Wood said at a meeting sponsored by 
> Energy Daily and the U.S. Energy Association changes would be 
> made to a June price-mitigation plan governing the area. Wood 
> said he is ambivalent about regulations that give FERC power in 
> siting decisions and said pending legislation, if passed, would 
> make transfer of transmission assets to RTOs tax free (Energy 
> Daily, Oct. 1, http://www.eenews.net ).
> 
> 
> Michael R. Smart  P.E.
> Vice President - Resource Management
> Sierra Pacific Resources
> P.O. Box 10100
> Reno, Nevada 89520-0024
> Phone: 775-834-5880
> Fax: 775-834-5889
> Email: msmart@sppc.com 
>