Filing Also Tells Committee
the Utility Properly Bid Its Resources Into the Market
(SAN FRANCISCO - Pacific
Gas and Electric Company today informed the California State Senate
Select Committee to Investigate Price Manipulation of the Wholesale
Energy Market that it did not engage in Enron-style trading activities.
In the same filing, the
utility described its load forecasting and submission process and
told the Committee that it accurately provided its generation and
demand data to the California Independent System Operator (CAISO)
and California Energy Resources Scheduling (CERS) officials to determine
the utility's "net open" position for which CERS buys power.
As part of this process,
PG&E works with CERS to implement procedures where the utility supplies
CERS and the CAISO rolling seven-day forecasts, at least twice per
business day. Additional updates are made if there are significant
changes in the forecast conditions.
The Committee asked California's
investor-owned electric utilities and other energy providers to
submit information on their power marketing and trading activities
in the California energy market. Several of the Committee's questions
were similar to ones raised by the Federal Energy Regulatory Commission
(FERC). In its response to FERC, which was also provided to the
Committee, the utility stated that it did not engage in Enron-like
trading practices.
Copies of PG&E's responses
to the Committee and FERC are available on the utility's website
at www.pge.com.