FYI.

-----Original Message-----
From: Gary Ackerman [mailto:foothillservices@mindspring.com]
Sent: Wednesday, December 19, 2001 11:47 AM
To: Bill Ross; Bob Anderson; Carolyn Baker; CHARLES A MIESSNER; curt
hatton; Curtis Kebler; Greg Blue; Jack Pigott; Janie Mollon; Jeff
Dasovich; Karen Shea; Nam Nguyen; Randy Hickok; Rob Nichol; Roger
Pelote; Todd Torgerson; George Vaughn; Max Bulk; Huhman, Steve;
Hoekstra, Aldyn; Al Parsons; Brian Jobson; Brian Mock; Chuck Goligoski;
Dave Nuttall; Denise Hill; Duane Nelsen; Edmond Chang; Hal Dittmer; Ken
Lackey; Marcie Milner; Mark Tallman; Robert Ivey; Sheryl Lambertson;
Steve Ponder; Tom Breckon; Wolfe, Don - PGSO-5; John Marchand; Mark
Smith; Marcie Edwards; Mark Ward; Morrato, Joe; Max Bulk; Paul Gribik;
Berrie, Chuck; Sterling Koch; Jesus Arredondo; Zaiontz, Jeanne; Dick
Barnette; Dan Douglass
Subject: FERC Orders


Folks,

FERC is deliberating today on many agenda items.  Two they have approved
are:

1.  Modifying the June 19 Price Mitigation Order setting the price cap
at $108 until April  30, 2002, and decoupling the cap from California's
reserve deficiency, and instead tying the cap to the price of natural
gas (upwards, only).

2. Denial of Requests for Rehearing (in great part) on all California
Orders since last December 15 (2000), and ordering the California ISO to
submit a revised congestion management plan, and a plan for establishing
a day-ahead market, both plans due May 1, 2002.

Both Orders passed 3 Yea, and 1 No (MAssey, in part on the second
order).

gba