Enron Mail

From:jeff.dasovich@enron.com
To:skean@enron.com, richard.shapiro@enron.com, paul.kaufman@enron.com,harry.kingerski@enron.com
Subject:Update from EES Call this Morning
Cc:
Bcc:
Date:Thu, 4 Jan 2001 03:02:00 -0800 (PST)

EES' receivables related to PX-credit payments that PG&E continues to
withhold has grown dramatically
EES is going to meet internally to re-visit the issue of putting customers
back on utility service (but honoring the financial terms of our contracts)
They will try to convene a meeting, as early as Tuesday to discuss the
switch-back issue w/Steve, Mark, Blachman, Sunde, etc., similar to the
meeting held a couple of weeks ago
Given the market's negative response to the Commission's decision, EES will
immediately try to tie up bankruptcy counsel in anticipation of the fact that
the utilities may be forced to file, which EES estimates will occur by end of
next week, if it happens