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Thanks, Sandi. This tracks very well with my chat with Barbara. Barbara's
charcterization of "irrelevant" arguably makes sense from a customer's perspective, but it's very relevant to us, though I didn't give Barbara the details of why it's so important for us---just explained that some of our customers, given their contracts with us, would get hurt. Seems that the important take away is that 1) they are actively negotiating the "end" of the rate freeze, 2) customers get hurt from a retroactive "end" and 3) one "freeze" will the replaced with another, that is, prices will continue to be capped going forward (despite the "end" of the rate freeze). Seems that the critical issue is whether the rate freeze "ends" next month, or next year, which is something that we're going to want to follow very closely. Do we have any information on where the negotiations between customers and the utilities ended up this weekend? Best, Jeff Sandra McCubbin 01/27/2001 08:01 PM To: Jeff Dasovich/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron cc: Subject: conversation with Jeff please get back to Jeff or myself on how to respond to Barbara//thanks ----- Forwarded by Sandra McCubbin/NA/Enron on 01/27/2001 05:59 PM ----- "Barbara R. Barkovich" <BRBarkovich@earthlink.net< 01/27/2001 07:02 AM To: smccubbi@enron.com cc: Subject: conversation with Jeff Hi, Sandi. Per your request, I talked to Jeff yesterday early evening. I had been in a meeting with Keeley, Wright, et al after the hearing. Jeff's proposal was not entirely clear to me, but it seemed to focus on specifying an end date for the rate freeze in the Hertzberg bill. I noted that the focus of the Friday hearing and the subsequent meeting was on how much of the short fall the utilities should be able to recover and agreed that we would probably go from one freeze to another. Therefore the date of the end of the original freeze is rapidly becoming irrelevant unless it is used to create a back way into the first issue. This does not seem very likely right now. Who knows how this will evolve, of course, but there is a sense of urgency, at least in the Assembly. Take care, Barbara
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