Re: Conference Call

please don't forward this thanks..
---------------------- Forwarded by Sandra McCubbin/SFO/EES on 03/01/2000
03:12 PM ---------------------------

Rich Ferguson <Rich@Cleanpower.org< on 03/01/2000 03:04:45 PM

To: Scott Govenar <sgovenar@govadv.com<
cc: Sandra McCubbin/SFO/EES@EES

Subject: Re: Conference Call

Scott, it's hard to say. Hackney indicated there would be a revised
"principles" piece before long, so maybe we'll just have to wait. They do
have some legitimate concerns - if they're going to invest in distribution
system upgrades, they need to know what's going to stay in ratebase and
what's going to be competitive. There is a danger that the rules will
remain so murky that nothing will get done by anyone - something akin to a
reluctance to invest in generation so long as the ISO screws around with
must run contracts and congestion management schemes. We would probably all
benefit by knowing what the rules are going to be going forward.
On the other hand, it's hard to believe that SCE and the others don't want
to nail down everything in sight for themselves. However, there appears to
be a growing understanding that the farther they try to reach, the more
uncertainty they produce - they can't have it both ways.
Sooner or later there is going to have to be some consensus on what stays
regulated and what goes competitive. Don't know what you think the chances
are that it will be sooner, but at least it seems SCE is indicating a
willingness to engage in meaningful discussions that I haven't seen before.
Rich

At 01:32 PM 3/1/00 -0800, Scott Govenar wrote:
<You are absolutely correct Rich. Rick gave us an idea of what Edison's
<evolving positions are. Based upon what we now know, we are still strongly
<opposed to several of their ideas. How do you think those conversations are
<going?
<
<Rich Ferguson wrote:
<
< < John White, Rick Counihan and I met with Edison on Monday, and it appeared
< < that their position is still evolving on many of the issues of concern.
< < Folks in this discussion should be sure they are reacting to current
< < positions, so far as they can be discerned.
< < Rich
< <
< < At 10:47 AM 3/1/00 -0800, you wrote:
< < <We have scheduled a conference call for Monday, March 13 at 4:00 p.m. to
< < <discuss developments surrounding Edison's public goods mandates. The
< < <call-in information is as follows:
< < <
< < <Call-in: 888-399-8606
< < <Passcode: Enron