Enron Mail

From: jeff.dasovich@enron.com To: jeff.dasovich@enron.com Subject: Update--Day of California PUC Hearings Cc: alan.comnes@enron.com, angela.schwarz@enron.com, beverly.aden@enron.com,bill.votaw@enron.com, brenda.barreda@enron.com, carol.moffett@enron.com, cathy.corbin@enron.com, chris.foster@enron.com, christina.liscano@enron.com, christopher.calger@enron.co Bcc: alan.comnes@enron.com, angela.schwarz@enron.com, beverly.aden@enron.com,bill.votaw@enron.com, brenda.barreda@enron.com, carol.moffett@enron.com, cathy.corbin@enron.com, chris.foster@enron.com, christina.liscano@enron.com, christopher.calger@enron.co Date: Wed, 3 Jan 2001 03:13:00 -0800 (PST) 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.