Update on Electricity Restructuring Legislation

---------------------- Forwarded by Ginger Dernehl/HOU/EES on 10/11/99 01:01
PM ---------------------------

Allison Navin@ENRON
10/11/99 10:59 AM

To: Ginger Dernehl/HOU/EES@EES
cc:
Subject: Update on Electricity Restructuring Legislation

Ginger - please forward to the folks in Rick's group. Many thanks.

Here's an update on the recent developments on electricity restructuring
legislation in the House and Senate. Two legislative mark-up vehicles have
been unveiled, HR 2944 and a Senate bill sponsored by Senator Murkowski that
has yet to be formally introduced. On Tuesday and Wednesday of last week,
the Energy and Power subcommittee held the legislative hearings on
Congressman Barton's bill, HR 2944. Betsy Moler testified on behalf of AAE
and her testimony is attached, along with a one page summary, and a copy of
our proposed amendment submitted to the subcommittee. We support the Barton
bill, if and ONLY if, this amendment is incorporated. Currently, the outlook
is very positive that the amendment will be adopted and the legislation will
move forward for full House consideration. We need your support to contact
state advocates in order to get them to support this amendment.

The second piece of electricity legislation was released last Thursday and
the draft legislative language is attached.

We feel very positive that we can pass electricity legislation this Congress
(ie. next year). We see the critical pitfall as subcommittee action, but
remain confident that enactment is possible. We will be sure to keep you
updated on any developments as they occur and appreciate your continued hard
work in the states to help push federal legislation.

Thanks.