CONFERENCE CALL TOPIC

OK. You and I are the last ones to get the info....Here it is.
----- Forwarded by Jeff Dasovich/NA/Enron on 12/11/2000 02:20 PM -----

Joseph Alamo
12/11/2000 02:18 PM

To: Jeff Dasovich/NA/Enron
cc:
Subject: CONFERENCE CALL TOPIC

sorry!
---------------------- Forwarded by Joseph Alamo/NA/Enron on 12/11/2000 12:17
PM ---------------------------

Joseph Alamo
12/11/2000 10:23 AM
To: Stephen Swain/PDX/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT,
Chris H Foster/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Alan
Comnes/PDX/ECT@ECT
cc: Lysa Akin/PDX/ECT@ECT, Marcia A Linton/NA/Enron@Enron, Rubena
Buerger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: CONFERENCE CALL TOPIC

Please note:
On the attached, the subject topic of the referenced conference call should
have been:

"Utility Forward Contracting Proposal."

Sorry for any confusion; all other call data remains the same.

Again, thanks in advance for your participation.

Joseph
---------------------- Forwarded by Joseph Alamo/NA/Enron on 12/11/2000 10:21
AM ---------------------------

Joseph Alamo
12/11/2000 10:02 AM
To: Stephen Swain/PDX/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT,
Chris H Foster/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Alan
Comnes/PDX/ECT@ECT
cc: Lysa Akin/PDX/ECT@ECT, Marcia A Linton/NA/Enron@Enron, Rubena
Buerger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: CONFERENCE CALL CONFIRMATION re: Data on Monthly Generation for SCE

On behalf of Enron Host Jeff Dasovich, please consider this confirmation
that a conference call has been arranged, on the above-referenced topic,
as noted below:

Date: Monday, December 11th
Time: 3:00 PM PST
Call-in number: 1-877-288-4427
Participants' Code: 217756
Host Code (Jeff) 501722

Thanks in advance for your participation.

Joseph
---------------------- Forwarded by Joseph Alamo/NA/Enron on 12/11/2000 09:58
AM ---------------------------
From: Jeff Dasovich on 12/11/2000 10:31 AM CST
Sent by: Jeff Dasovich
To: Joseph Alamo/NA/Enron@Enron
cc:

Subject: Re: Data on Monthly Generation for SCE

Could you please set up a call and distribute to this list? Topic: utility
forward contracting proposal. Time 3-4:30 pm PST. Thanks very much.
----- Forwarded by Jeff Dasovich/NA/Enron on 12/11/2000 10:26 AM -----

Jeff Dasovich
Sent by: Jeff Dasovich
12/11/2000 10:20 AM

To: Stephen Swain/PDX/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT,
Chris H Foster/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Alan
Comnes/PDX/ECT@ECT
cc: Richard Shapiro/NA/Enron@Enron, Joseph Alamo/NA/Enron@Enron
Subject: Re: Data on Monthly Generation for SCE

The votes have been counted (kidding), and the call will take place today at
3 PM PST. Call-in number to follow.
----- Forwarded by Jeff Dasovich/NA/Enron on 12/11/2000 10:19 AM -----

Jeff Dasovich
Sent by: Jeff Dasovich
12/07/2000 12:13 PM

To: Stephen Swain/PDX/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT,
Chris H Foster/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Alan
Comnes/PDX/ECT@ECT
cc: Richard Shapiro/NA/Enron@Enron
Subject: Re: Data on Monthly Generation for SCE

Folks:

The "subcommittee" I've referenced that's trying to come up with a solution
to California's train wreck is moving very quickly. The group's shooting to
have a first cut at a "straw person" proposal sketched out by end of next
week. The group's meeting on Tuesday to continue to bounce around ideas.

I'd like to try to have an internal call on Monday at either 10 AM (PST) or
3 PM (PST) to pin down at least a vaguely detailed conceptual framework that
I can propose to the subcommittee on Tuesday. The agenda items for the
internal meeting are:

Finalize proposal for benchmark(s) for utility procurement.
Goal: increase utility willingness to enter into forward contracts by
replacing PUC after-the-fact "reasonableness" review with a benchmark. (Been
working the Portland desk on a "portfolio benchmark" concept.)

Determine our view of how to treat term contracts w.r.t. the PX credit, i.e.,
should those contracts be disclosed to the market, or should PUC keep them
confidential, calculate the PX credit behind closed doors, and publish the
credit ex poste? The PX credit depends on the overall utility portfolio, not
just the PX price.

Let me know if 10 AM or 3 PM (PST) works better.

Harry: I'll assume that you'll contact the folks from EES that need to
participate.

Best,
Jeff