Seattle

----- Original Message -----
From: "Bill Marcus" <bill@jbsenergy.com<
To: "Mike Florio (E-mail)" <mflorio@turn.org<; "Matt Freedman (E-mail)"
<freedman@turn.org<; "Bob Finkelstein (E-mail)" <bfinkelstein@turn.org<;
<jim@jbsenergy.com<; <jeff@jbsenergy.com<; <gayatri@jbsenergy.com<; "Michael
Shames (E-mail)" <mshames@ucan.org<; "Jim Lazar (E-mail)"
<jimlazar@cheerful.com<; "Cynthia Mitchell (E-mail)"
<ckmitchell@powernet.net<; "Jan Hamrin (E-mail)"
<jhamrin@resource-solutions.org<; "Bob Weisenmiller (E-mail)"
<rbw@mrwassoc.com<; "Sara Myers (E-mail)" <ssmyers@worldnet.att.net<; "V.
John White (E-mail)" <vjw@cleanpower.org<; "Lenny Goldberg (E-mail)"
<lga@mother.com<
Sent: Friday, August 24, 2001 10:02 AM

< Private company may bid for Edison Report: Denver-based City Light & Power
< mulls offer
<
< By Myra P. Saefong <mailto:mpicache@marketwatch.com<, CBS.MarketWatch.com
< Last Update: 12:20 PM ET Aug. 24, 2001
< NEW YORK (CBS.MW) - A privately owned company that operates and maintains
< the street lights in Long beach, Calif. plans to make a bid for Edison
< International, according to a report published Friday.
< City Light & Power could announce its intentions to bid for Edison, parent
< of cash-strapped utility Southern California Edison as early as Monday,
Dow
< Jones reported, citing City Light & Power executives.
< Bear Stearns and Salomon Smith Barney, which are advising the company,
have
< valued Edison at $5.6 billion, or $17.18 a share, the report said.
< City Light plans to bid for the entire company but could sell of some of
the
< assets later, Dow said.
< Edison's Southern California Edison unit has been brought to the brink of
< bankruptcy because it has more than $3 billion in unpaid debts. It's been
< unable to recover the costs of buying power on the spot wholesale market
< because state law prevents it from raising its retail rates.
< Brian Bennett, SoCalEd's vice president of external affairs said Friday
that
< "by policy, the company does not comment on takeover rumors."
< A call to a representative handling public relations for City Light &
Power
< wasn't immediately returned.
< Shares of Edison climbed 22 cents to $14.40 in recent action.
<
<