fw power points generators better luck brazil original message foster chris h sent friday july 13 2001 12 48 pm rawson lester subject fw power points generators better luck brazil original message onukogu ernest enron mailto imceanotes 22 onukogu 2 c 20 ernest 22 20 3 cernest 2 eonukogu 40 dowjones 2 ecom 3 e 40 enron enron com sent friday july 13 2001 12 23 pm undisclosed recipients enron subject power points generators better luck brazil new york dow jones less month federal energy regulatory commission shot messenger looking new volunteers june 19 ferc totally trashed u wholesale electricity markets price controls order refunds dating back october may 2000 whenever later decide ferc price cap electricity throughout western u well whatever california independent system operator decides nevertheless wednesday ferc made sharp u turn direction free markets power unquestioning confidence ordered u utilities consolidate transmission lines independent transmission operators order foster free trade movement electricity surely might say ferc give california iso total price discretion western u iso simply administrator ferc precise formulas like one non emergencies cost burning natural gas assuming power plant located northern california southern california least efficient generator called expensive hour recent stage 1 emergency stage 2 point hour plus 6 operation maintenance multiplied 0 85 add 10 buyer california department water resources could clear market based ferc trumpeted ingenuity could iso possibly manipulate iso initial cap 92 megawatt hour based gas price 9 inputting elements cap turns based quite efficient heat rate 11 4 surely heat rate least efficient unit used recent emergency etc 20 higher iso decided want pay 100 mwh confirms iso really used correct heat rate nobody gas prices crashed 4 iso full discretion based technicality avoid resetting cap four opportunities iso declined reset cap iso staff know get power california needs 43 cap would come using old 11 4 heat rate way costs marginal generators needed things get even little tight sierra pacific resources srp nevada power get power needed july 2 92 even ferc price cap western power whatever california iso says surprisingly nevada power others western utilities furious california successfully using political muscle export problem rest west ferc price caps market definitely working prices 300 megawatt hour people mortgaging restaurants buy diesel generator sell power grid said chelan county public utility district chuck berrie one handful utility veterans u thrived deregulated wholesale market unlike western utilities chelan customers seen rate increase next five years berrie coworkers maximized utility assets market opportunities people coming woodwork get generators line never seen anything like ferc order killed berrie said orders hundreds small diesel fired generators could helped get west next 18 months canceled immediately ferc order generators cost 92 mwh operate expensive run could patched shortage big permanent power plants finished 2003 wanted bet late june california iso would pass opportunity 44 price cap orders canceled fact even cap stuck 92 least 100 megawatts installed generators taken line sent back rental companies blackouts come hundreds thousands homes businesses without power generators could provided biggest manufacturer generators caterpillar inc cat said redirecting units brazil like western u highly dependent hydroelectricity brazil like west enduring drought year brazil however ferc jurisdiction surely generators must needed sending poor old brazil according utility employees like berrie well quasi governmental northwest power planning council chances blackouts summer winter still much higher acceptable course higher still without temporary generators price controls kill messenger high prices say supply increased usage reduced really high prices like west endured past year say hurry administration george w bush getting good ol political whuppin hands california gov gray davis agreed shoot messenger would anybody get industry uncertainty ridiculousness price caps well rebates going get sued regular people practically turning couches get nickels together invest generator lost investment berrie says think horse dead even removed regulations prices come back people still come back certainty would change rules take risk added yet ferc ordered restructuring many billions dollars transmission lines foundation free market east must wondering messenger said ferc shot apparently brazil economy afford pay electricity u economy mark golden dow jones newswires 201 938 4604 mark golden dowjones com end dow jones newswires 13 07 01 1821 gmt ap dj 07 13 01 1821 gmt