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Date: Mon, 12 Mar 2001 01:40:00 -0800 (PST)
From: mary.hain@enron.com
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Subject: FERC order dismissing PX's request for rehearing of January 8 order
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X-To: Phillip K Allen, Robert Badeer, Tim Belden, Shelia Benke, Donald M- ECT Origination Black, William S Bradford, Rick Buy, Andre Cangucu, Alan Comnes, Wanda Curry, Jeff Dasovich, Karen Denne, Mike Grigsby, Mark E Haedicke, Mary Hain, Steve C Hall, Joe Hartsoe, Keith Holst, Robert Johnston, Paul Kaufman, Steven J Kean, Harry Kingerski, Susan J Mara, Sandra McCubbin, Travis McCullough, Mark Metts, Sarah Novosel, Mark Palmer, Linda Robertson, Richard B Sanders, Gordon Savage, Richard Shapiro, Vicki Sharp, Mike D Smith, Shari Stack, James D Steffes, Marty Sunde, Stephen Swain, Mitchell Taylor, Michael Tribolet, Robert Williams, Greg Wolfe, Roger Yang, Christian Yoder, Robert Frank, Chris H Foster
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By its January 8 order, the FERC clarified that it did not intend to preclude 
the PX from engaging in bilateral forward contracting  and that the PX was 
free to remove spot market components from its forward contracting rate 
scheduling.  In its request for rehearing, the PX argued that: (1) FERC had 
failed to fix a just and reasonable rate, (2) FERC did not remove the ongoing 
prohibition on the IOUs trading in its markets, (3) the January 8 order 
prohibited it from operating a spot market and that prohibition was unduly 
discriminatory, and (4) FERC failed to provide a viable alternative to its 
forward market rate schedule.  FERC dismissed the PX's request for rehearing 
of its January 8 order, finding that all of the PX's concerns emanate from 
the FERC's December 15 order not its January 8 order..   See attached order.  
- EL00-95.1

