248 lines
12 KiB
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248 lines
12 KiB
Plaintext
Message-ID: <30469677.1075855482739.JavaMail.evans@thyme>
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Date: Thu, 7 Dec 2000 01:09:00 -0800 (PST)
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From: phillip.allen@enron.com
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To: mike.grigsby@enron.com, keith.holst@enron.com, frank.ermis@enron.com
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Subject: DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources, DJ
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Calif ISO, PUC Inspect Off-line Duke South Bay Pwr Plant, DJ Calif Regula
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tors Visit AES,Dynegy Off-Line Power Plants
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Mime-Version: 1.0
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Content-Type: text/plain; charset=us-ascii
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Content-Transfer-Encoding: 7bit
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X-From: Phillip K Allen
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X-To: Mike Grigsby, Keith Holst, Frank Ermis
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X-cc:
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X-bcc:
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X-Folder: \Frank_Ermis_Dec2000\Notes Folders\Discussion threads
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X-Origin: Ermis-F
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X-FileName: fermis.nsf
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---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/07/2000
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09:08 AM ---------------------------
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Jeff Richter
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12/07/2000 06:31 AM
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To: Phillip K Allen/HOU/ECT@ECT
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cc:
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Subject: DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources, DJ
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Calif ISO, PUC Inspect Off-line Duke South Bay Pwr Plant, DJ Calif Regula
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tors Visit AES,Dynegy Off-Line Power Plants
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---------------------- Forwarded by Jeff Richter/HOU/ECT on 12/07/2000 08:38
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AM ---------------------------
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Carla Hoffman
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12/07/2000 06:19 AM
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To: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Jeff
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Richter/HOU/ECT@ECT, Phillip Platter/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT,
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Diana Scholtes/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT, Matt
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Motley/PDX/ECT@ECT, Mark Guzman/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark
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Fischer/PDX/ECT@ECT, Monica Lande/PDX/ECT@ECT
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cc:
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Subject: DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources, DJ
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Calif ISO, PUC Inspect Off-line Duke South Bay Pwr Plant, DJ Calif Regula
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tors Visit AES,Dynegy Off-Line Power Plants
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---------------------- Forwarded by Carla Hoffman/PDX/ECT on 12/07/2000 06:29
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AM ---------------------------
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Enron Capital & Trade Resources Corp.
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From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
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12/07/2000 06:11 AM
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To: undisclosed-recipients:;
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cc:
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Subject: DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts Wed -Sources, DJ
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Calif ISO, PUC Inspect Off-line Duke South Bay Pwr Plant, DJ Calif Regula
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tors Visit AES,Dynegy Off-Line Power Plants
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13:18 GMT 7 December 2000 DJ Cal-ISO Pays $10M To Avoid Rolling Blackouts
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Wed -Sources
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(This article was originally published Wednesday)
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LOS ANGELES (Dow Jones)--The California Independent System Operator paid
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about $10 million Wednesday for 1,000 megawatts of power from Powerex and
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still faced a massive deficit that threatened electricity reliability in the
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state, high-ranking market sources familiar with the ISO's operation told
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Dow Jones Newswires.
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But the ISO fell short of ordering rolling blackouts Wednesday for the third
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consecutive day.
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The ISO wouldn't comment on the transactions, saying it is sensitive market
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information. But sources said Powerex, a subsidiary of British Columbia
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Hydro & Power Authority (X.BCH), is the only energy company in the Northwest
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region with an abundant supply of electricity to spare and the ISO paid
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about $900 a megawatt-hour from the early afternoon through the evening.
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But that still wasn't enough juice.
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The Los Angeles Department of Water and Power sold the ISO 1,200 megawatts
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of power later in the day at the wholesale electricity price cap rate of
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$250/MWh. The LADWP, which is not governed by the ISO, needs 3,800 megawatts
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of power to serve its customers. It is free sell power instate above the
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$250/MWh price cap.
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The LADWP has been very vocal about the amount of power it has to spare. The
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municipal utility has also reaped huge profits by selling its excess power
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into the grid when supply is tight and prices are high. However, the LADWP
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is named as a defendant in a civil lawsuit alleging price gouging. The suit
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claims the LADWP sells some of its power it gets from the federal Bonneville
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Power Administration, which sells hydropower at cheap rates, back into the
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market at prices 10 times higher.
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Powerex officials wouldn't comment on the ISO power sale, saying all
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transactions are proprietary. But the company also sold the ISO 1,000
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megawatts Tuesday - minutes before the ISO was to declare rolling blackouts
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- for $1,100 a megawatt-hour, market sources said.
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The ISO, whose main job is to keep electricity flowing throughout the state
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no matter what the cost, started the day with a stage-two power emergency,
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which means its operating reserves fell to less than 5%. The ISO is having
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to compete with investor-owned utilities in the Northwest that are willing
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to pay higher prices for power in a region where there are no price caps.
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The ISO warned federal regulators, generators and utilities Wednesday during
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a conference call that it would call a stage-three power emergency
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Wednesday, but wouldn't order rolling blackouts. A stage three is declared
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when the ISO's operating reserves fall to less than 1.5% and power is
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interrupted on a statewide basis to keep the grid from collapsing.
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But ISO spokesman Patrick Dorinson said it would call a stage three only as
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a means of attracting additional electricity resources.
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"In order to line up (more power) we have to be in a dire situation,"
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Dorinson said.
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Edison International unit (EIX) Southern California Edison, Sempra Energy
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unit (SRE) San Diego Gas & Electric, PG&E Corp. (PCG) unit Pacific Gas &
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Electric and several municipal utilities in the state will share the cost of
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the high-priced power.
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SoCal Edison and PG&E are facing a debt of more than $6 billion due to high
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wholesale electricity costs. The utilities debt this week could grow by
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nearly $1 billion, analysts said. It's still unclear whether retail
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customers will be forced to pay for the debt through higher electricity
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rates or if companies will absorb the costs.
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-By Jason Leopold, Dow Jones Newswires; 323-658-3874;
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jason.leopold@dowjones.com
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(END) Dow Jones Newswires 07-12-00
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1318GMT Copyright (c) 2000, Dow Jones & Company Inc
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13:17 GMT 7 December 2000 DJ Calif ISO, PUC Inspect Off-line Duke South Bay
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Pwr Plant
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(This article was originally published Wednesday)
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LOS ANGELES (Dow Jones)--Representatives of the California Independent
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System Operator and Public Utilities Commission inspected Duke Energy
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Corp.'s (DUK) off-line 700-MW South Bay Power Plant in Chula Vista, Calif.,
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Wednesday morning, a Duke spokesman said.
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The ISO and PUC have been inspecting all off-line power plants in the state
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since Tuesday evening to verify that those plants are shut down for the
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reasons generators say they are, ISO spokesman Pat Dorinson said.
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About 11,000 MW of power has been off the state's power grid since Monday,
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7,000 MW of which is off-line for unplanned maintenance, according to the
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ISO.
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The ISO manages grid reliability.
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As previously reported, the ISO told utilities and the Federal Energy
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Regulatory Commission Wednesday that it would call a stage three power alert
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at 5 PM PST (0100 GMT Thursday), meaning power reserves in the state would
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dip below 1.5% and rolling blackouts could be implemented to avoid grid
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collapse. However, the ISO said the action wouldn't result in rolling
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blackouts.
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The ISO and PUC also inspected Tuesday plants owned by Dynegy Inc (DYN),
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Reliant Energy Inc. (REI) and Southern Energy Inc (SOE).
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Duke's 1,500-MW Moss Landing plant was also inspected by PUC representatives
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in June, when some units were off-line for repairs, the Duke spokesman said.
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-By Jessica Berthold, Dow Jones Newswires; 323-658-3872;
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jessica.berthold@dowjones.com
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(END) Dow Jones Newswires 07-12-00
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1317GMT Copyright (c) 2000, Dow Jones & Company Inc
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13:17 GMT 7 December 2000 =DJ Calif Regulators Visit AES,Dynegy Off-Line
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Power Plants
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(This article was originally published Wednesday)
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By Jessica Berthold
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Of DOW JONES NEWSWIRES
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LOS ANGELES (Dow Jones)--AES Corp. (AES) and Dynegy Inc. (DYN) said
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Wednesday that representatives of California power officials had stopped by
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some of their power plants to verify that they were off line for legitimate
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reasons.
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The California Independent System Operator, which manages the state's power
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grid and one of its wholesale power markets, and the California Public
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Utilities Commission began on-site inspections Tuesday night of all power
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plants in the state reporting that unplanned outages have forced shutdowns,
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ISO spokesman Pat Dorinson said.
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The state has had 11,000 MW off the grid since Monday, 7,000 MW for
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unplanned maintenance. The ISO Wednesday called a Stage 2 power emergency
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for the third consecutive day, meaning power reserves were below 5% and
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customers who agreed to cut power in exchange for reduced rates may be
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called on to do so.
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As reported earlier, Reliant Energy (REI) and Southern Energy Inc. (SOE)
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said they had been visited by representatives of the ISO and PUC Tuesday
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evening.
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Representatives of the two organizations also visited plants owned by AES
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and Dynegy Tuesday evening.
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AES told the visitors they couldn't perform an unannounced full inspection
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of the company's 450-megawatt Huntington Beach power station until Wednesday
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morning, when the plant's full staff would be present, AES spokesman Aaron
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Thomas said.
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Thomas, as well as an ISO spokesman, didn't know whether the representatives
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returned Wednesday for a full inspection.
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AES Units Down Due To Expired Emissions Credits
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The Huntington Beach facility and units at two other AES facilities have
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used up their nitrogen oxide, or NOx, emission credits. They were taken down
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two weeks ago in response to a request by the South Coast Air Quality
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Management District to stay off line until emissions controls are deployed,
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Thomas said.
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AES has about 2,000 MW, or half its maximum output, off line. The entire
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Huntington plant is off line, as is 1,500 MW worth of units at its Alamitos
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and Redondo Beach plants.
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The ISO has asked AES to return its off line plants to operations, but AES
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has refused because it is concerned the air quality district will fine the
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company $20 million for polluting.
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"We'd be happy to put our units back, provided we don't get sued for it,"
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Thomas said. "It's not clear to us that the ISO trumps the air quality
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district's" authority.
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As reported, a spokesman for the air quality district said Tuesday that AES
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could have elected to buy more emission credits so that it could run its off
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line plants in case of power emergencies, but choose not to do so.
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Dynegy's El Segundo Plant Also Visited By PUC
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Dynegy Inc. (DYN) said the PUC visited its 1,200 MW El Segundo plant Tuesday
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evening, where two of the four units, about 600 MW worth, were off line
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Wednesday.
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"I guess our position is, 'Gee, we're sorry you don't believe us, but if you
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need to come and take a look for yourself, that's fine,'" said Dynegy
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spokesman Lynn Lednicky.
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Lednicky said one of the two units was off line for planned maintenance and
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the other for unplanned maintenance on boiler feedwater pumps, which could
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pose a safety hazard if not repaired.
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"We've been doing all we can to get back in service," Lednicky said. "We
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even paid to have some specialized equipment expedited."
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Lednicky added that the PUC seemed satisfied with Dynegy's explanation of
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why its units were off line.
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-By Jessica Berthold, Dow Jones Newswires; 323-658-3872,
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jessica.berthold@dowjones.com
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(END) Dow Jones Newswires 07-12-00
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1317GMT Copyright (c) 2000, Dow Jones & Company Inc
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G_nther A. Pergher
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Senior Analyst
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Dow Jones & Company Inc.
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Tel. 609.520.7067
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Fax. 609.452.3531
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