RE: SCE PX credits

I was afraid you'd ask that. Don't know the exact number, but I'm assuming
that it's a whole heckuvalot less than the May 1-December 31 exposure.

Best,
Jeff

Robert C Williams/ENRON@enronXgate
04/10/2001 03:46 PM

To: Harry Kingerski/NA/Enron@Enron, Mike D Smith/HOU/EES@EES, Vicki
Sharp/HOU/EES@EES, JKlauber@llgm.com@SMTP@enronXgate
cc: Jeff Dasovich/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Scott
Stoness/HOU/EES@EES
Subject: RE: SCE PX credits

Could be. What is our post-12/31/00 exposure?

-----Original Message-----
From: Kingerski, Harry
Sent: Tuesday, April 10, 2001 3:44 PM
To: Williams, Robert C.; Smith, Mike; Sharp, Vicki; JKlauber@llgm.com
Cc: Dasovich, Jeff; Steffes, James; Stoness, Scott
Subject: SCE PX credits

Interesting bit from SCE's MOU (p. 31) -

"the CPUC Implementing Decisions shall include

Orders resolving the responsibility of SCE to provide credits to direct
access customers in respect of electricity deliveries after December 31, 2000
in respects which do not result in any material financial detriment to SCE; "

Translation: I suppose this means SCE is looking for an order absolving it
of any responsibility for PX credits after 12/31/00, but implicitly, that
seems to suggest they accept responsibility for PX credits before 12/31/00.
Do you agree?