|
|
Enron Mail |
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Jeff Dasovich X-To: Karen Denne X-cc: X-bcc: X-Folder: \Jeff_Dasovich_June2001\Notes Folders\Sent X-Origin: DASOVICH-J X-FileName: jdasovic.nsf Here's how I think this thing has played (is playing) out: PG&E was very tactical. They knew that the Edison deal was imminent. They see the Edison deal as extremely adverse to their interests. They feared that the pressure on them to do the same deal would be enormous once the Governor announced the Edison deal. Thus, in an incredibly dramatic attempt to pre-empt the possibility that they'd have to accept the Edison deal, PG&E threw itself into bankruptcy. (Preemption seems to have been very successful, at least at this point.) So I think that they wanted everyone to know, including Wall Street and the Governor, that the decision's been made---they're going the way of Ch. 11, not the way of J. Bryson and Edison. This make sense? Best, Jeff Karen Denne 04/10/2001 10:22 AM To: Jeff Dasovich/NA/Enron@Enron cc: Subject: Re: PG&E Issues Statement After State And Southern California Edison Reach An Agreement What was the point of that statement? It sure seemed like a non-statement...
|