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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Jeff Dasovich X-To: Chris Calger X-cc: X-bcc: X-Folder: \Jeff_Dasovich_June2001\Notes Folders\Sent X-Origin: DASOVICH-J X-FileName: jdasovic.nsf got sent back the first time. ----- Forwarded by Jeff Dasovich/NA/Enron on 02/27/2001 11:47 AM ----- Jeff Dasovich Sent by: Jeff Dasovich 02/27/2001 11:47 AM To: JMB <JBennett@GMSSR.com<, Chris Calger, Christian Yoder/HOU/ECT@ECT, Harry Kingerski/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, Scott Govenar <sgovenar@govadv.com<, Paul Kaufman/PDX/ECT@ECT cc: Subject: Re: Alternate Decision on CPA Implementation (DWR rates and Direct Access) Thanks, Jeanne: Couple of thoughts. 1) If California wants to get out of this crisis, it's critical that DWR be creditworthy. Bilas' proposal helps in that regard. We've been thinking pretty hard about the issue and working with DWR to try to fix creditworthiness concerns. Christian, it might make sense to put together some comments supporting Bilas' approach and perhaps give him some additional recommendations about what the PUC needs to do to get DWR creditworthy? If so, (see note below), we have an opportunity to provide those comments to the PUC by this Friday. 2) Scott Govenar--on the direct access piece. Seems like it would be very useful to get the DA coalition we're working with in Sacramento to jointly file some comments on Friday in response to the Bilas proposal supporting a ban on any PUC action on the DA prohibition since the Legislature is still working on it. What are your thoughts? And if you and the rest of the Sacramento team agree, can we work with Jeanne to get some (brief) language put together and work to get the rest of the coalition to sign on. Alternatively, we could work to get the other folks file individually. Your thoughts on both approaches is appreciated. Best, Jeff JMB <JBennett@GMSSR.com< 02/27/2001 10:04 AM To: "'Bob Frank (E-mail)'" <robert.frank@enron.com<, "'Harry Kingerski (E-mail)'" <Harry.Kingerski@enron.com<, "'Jeff Dasovich (E-mail)'" <jdasovic@enron.com<, "'Sue Mara (E-mail)'" <smara@enron.com<, "'Tamara Johnson (E-mail)'" <tjohnso8@enron.com<, "'sstoness@enron.com'" <sstoness@enron.com< cc: Subject: Alternate Decision on CPA Implementation On Friday (February 23rd), Commissioner Bilas issued an alternate decision to the February 20th draft ALJ decision on interim implementation of the California Procurement Adjustment. Basically what the Bilas alternate does is give DWR certain assurances, without any money right now. It provides Commission recognition that the purchases made by DWR are not subject to Commission reasonableness review and that once DWR has provided the Commission with its needed revenue requirement that the Commission must pass it through to ratepayers. What it does not do is implement a CPA mechanism. The Bilas draft recognizes that the matter is being dressed through the process established by ALJ Deulloa and a decision on it should be rendered by the end of March. The Bilas draft also states that the Commission "shall stay action on implementation of suspension of direct access under water code section 80110 until further order." If we want to comment on the Bilas draft, they are due on Friday the 2nd. I think Bilas' approach makes sense. Adoption of the ALJ draft decision would mean the implementation of an interim CPA mechanism for a few weeks, to potentially be replaced by another interim mechanism at the end of March, to ultimately be replaced by a final CPA mechanism. As for the Bilas language on direct access -- while it is good, I think we were successful in removing the direct access suspension language from the ALJ's Draft Decision (it was removed in the version released on the morning of the last commission meeting), so I think we have that point covered regardless of which order gets voted out. I will fax a copy of the draft to Harry and Sue (I don't have an e-mail version). Let me know if you feel we should comment. Jeanne Bennett
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