text_combined: fw pserc nuggets related market stem hi vince happy new year good hear understand busy trying balance commitments like research consortium pserc trying provide value members walking fine line cooperation competition definitely business providing proprietary research members rather working generic areas later individual members could see way convert proprietary tools work shijie deng rajnish kamat good examples trip thanks invitation already committed get back friday night save visit another time tell son spring interviews cornell hopefully time miss regards shmuel original message cc sent monday january 08 2001 1 40 pm subject fw pserc nuggets related market stem hello shmuel thanks message end 2000 beginning 2001 extremely busy could focus pserc issues shall consult people enron subject get touch concern right results research widely shared competition 19 th 20 th would work would glad cover cost austin houston trip regarding son analyst associate program interview campus spring happy interview shmuel oren 12 19 2000 01 40 02 pm cc dennis ray subject fw pserc nuggets related market stem hello vince happy holidays wanted connect regarding possibility enron joining pserc might heard lance alex going transition period doubled number universities industry members within last year consequently business processes well developed one problems facing balance electrical engineering folks industry members interested market related research hope recruit later tat constituency advisory board sees value market related research already verbal commitment people electrabell expressed interest joining pserc members like electrabell enron able support market stem projects one shijie deng proposed funded round please let know anything facilitate decision enron going austin january 19 participate puct hearing could come huston visit attached items shared pserc members thought might interested well regards shmuel original message shmuel oren power systems engineering research center sent tuesday december 19 2000 9 47 subject pserc nuggets related market stem following 3 items demonstrate impact pserc research market stem area 1 december 12 shmuel oren testified hearing san francisco blue ribbon panel chaired alfred kahn investigating implications uniform price vs pay bid auctions california px part testimony presented movie produced tim mount bob thomas show results experimental economic study showing bidders respond raising bids pay bid auction following acknowledgement received dear shmuel thank attending blue ribbon panel past tuesday san francisco presentation informative valuable panel members participants panel greatly appreciates involvement important project thanks natalie efland 2 recent e mail texas puc professor oren hope family well seriously considering help advice facilitate commission final decision regarding retail competition ercot wanted let know ercot stakeholders filled application approval ercot protocols november received comments including list issues november 22 reply comments december 1 staff draft submit preliminary order commissioners discussion december 13 pre hearing december 15 parties asked brief commission list issues end first week january hearing january 16 followed another hearing needed parties asked commission finalize decision mid march give background mention almost suggestions accepted reflected final protocols except problems intra zonal gaming regarding congestion management pay bid compensation selected ancillary services additional concerns raised regarding ancillary services congestion management stakeholders still working toward load participation ercot market however main problem fact market pilot covers 100 wholesale 5 retail load open june 1 2001 based version protocols locked august 1 2000 deadline ercot give final design anderson consulting version include recommendations address market design flaws full version highly possible implemented january 1 2002 market 100 retail competition scheduled open given gap parties recommended implement incomplete protocols wait full implementation january 2002 words say let go ahead 5 pilot retail load wait full design implementation allowing 100 wholesale load retail load subject rules game described final protocols thanks parviz adib ph director market oversight division public utility commission texas 1701 n congress avenue p box 13326 austin texas 78711 3326 ph 512 936 7365 3 following segment published summary dec 13 puct hearing segment describes commision deliberation agenda item addressing possibility instituting price caps part ercot protocols see reference involvement next last paragraph docket 23220 petition electric reliability council texas approval ercot protocols discussion possible action parviz adib jess totten keith rogas tammy cooper chairman wood turned page 2 item number 3 draft order identifying issues recommending word including changed parentheses thinks know ups downs two mechanisms bid caps price caps would mind parties focus protections might used commissioner walsh would say including limited think bad idea ercot least consider protocols fail safe mechanism kind like stock market suspending trading something crazy happens could consider maximum scenario think ever happen need muffle whether 1 000 99 whatever could consider whether put protocols self enacting price cap expecting happen declare emergency commission act chairman wood asked could leave question without parenthetical say protections added avoid extreme price spikes commissioner walsh reiterated wants ercot think unlikely possibility unacceptable price spikes would like fail safe mechanism self initiating opposed leaving someone come act commissioner perlman stated thinks california type price caps concern thinks everyone state opposed thinks point commissioner walsh making interesting one thought circuit breaker idea might merit agreed worth considering something like question becomes level chairman wood suggested wording self implementing protections added avoid price spikes commissioner perlman said think anyone talking 250 price caps commissioner walsh agreed noted unexpected happens prepared commissioner perlman indicated someone making 10 000 one particular hour probably b enefit market probably windfall something would normally put business plan determining whether going build plant texas chairman wood stated want lean toward market heavily issues chairman wood noted issues date back dr oren assisting commission asked could brought back staffer dr parviz adib said staff already talked dr oren available assist commission chairman wood noted dr oren helped people think outside box without focusing california final wording clarified state self implementing mechanisms delete parenthetical part sentence question order approved amended