PUC votes on costs tied to DWR purchases

Sue:

The way that I understood what Loretta said, the utilities will not be forced
to absorb the shortfall between the price cap and DWR's cost of power.
Instead, she said that DWR will be responsible for those costs. (That ought
to make DWR an even less creditworthy entity.) I'll check in with Mike Day's
folks to make sure that I heard correctly and get more details. Will report
back just as soon as we get more information.

Best,
Jeff

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Susan J Mara
02/22/2001 12:36 PM

To: Harry Kingerski/NA/Enron@Enron
cc: James D Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron
Subject: Fwd: SCE's Comments in implementing ABX 1

There is MAJOR MAJOR concern over how the CPUC is implementing ABX 1. Being
voted on right now.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854Sue (Mara):