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