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Enron Mail |
From the most recent information we have, the most likely outcome appears to
be the following: As we've discussed this week, the administration and the utilities continue to have a very difficult time reaching agreement on 1) how much of the undercollection the IOUs should absorb and how much consumers should absorb and 2) how big the rate increase should be to manage the IOUs cash flow/credit problems (governor wants 10%, IOUs want at least 20%). It remains likely that the Commission will rule today on relaxing regulations to make it easier for the IOUs to enter into longer-term contracts w/out getting 2nd and 3rd guessed by the Commission. It is likely that the Commission will signal strongly that it will not let the IOUs go bankrupt but will only go so far as to outline its plan for considering and implementing a "rate stabilization" plan in Q1 2001. That said, the stakes are very high and things could change dramatically between now and 2 PM PST. Just talked to two SVPs with PG&E and Edison and they said that they don't know what the Commission will do at 2. Jeff Joseph Alamo 12/21/2000 12:30 PM To: George McClellan/HOU/ECT@ECT, Kevin McGowan/Corp/Enron@ENRON, Stuart Staley/LON/ECT@ECT, Lisa Yoho/NA/Enron@Enron, skean@enron.com, Richard Shapiro/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, James D Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Wanda Curry/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Roger Yang/SFO/EES@EES, Scott Stoness/HOU/EES@EES, Mary Hain/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Mona L Petrochko/NA/Enron@Enron, Jennifer Rudolph/HOU/EES@EES, Eric Letke/DUB/EES@EES, Vicki Sharp/HOU/EES@EES, Michael Smith/ENRON@enronxgate cc: Jeff Dasovich/NA/Enron, Lysa Akin/PDX/ECT@ECT Subject: California PUC Decision Info/Update On behalf of Jeff Dasovich, please note: the California PUC decision will be available on the PUC website @ 1:00 PM PST. The Commission will continue the meeting @ 2:00 PM PST to address the issue. Thanks, Joseph Alamo Sr. Admin. Asst. Government Affairs - The Americas San Francisco CA
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