Enron Mail

From:jeff.dasovich@enron.com
To:kathryn.corbally@enron.com
Subject:Update--Day 4 of California PUC Hearings
Cc:
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Date:Wed, 3 Jan 2001 03:16:00 -0800 (PST)

----- Forwarded by Jeff Dasovich/NA/Enron on 01/03/2001 11:18 AM -----

Jeff Dasovich
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01/03/2001 11:13 AM

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Subject: Update--Day of California PUC Hearings

The Commission closed the hearings last night at 7 PM.
The Commission refused all attempts by the utilities'--and there were
several--to get information on "ending the rate freeze" into the hearing
record.
The Commission is attempting to get a draft decision out at 10 AM today (PST).
If it gets out, there will be oral argument at 12:30 today (PST), with final
decision issued tomorrow at the Commission's regularly scheduled business
meeting.
If it does not get out, there will be no oral argument, and the Commission
will issue its final decision tomorrow at its regularly scheduled business
meeting.
Anything could happen but it appears at this point that the decision will
only address the need for a rate increase (rumors flyling furiously regarding
how high the increase will be), with "rate freeze" issues put off for another
day in the near future.
Yesterday, the Governor of California joined Edison's suit against FERC
calling for region-wide, hard price caps.