CA utility metering issues for Steve Kean

---------------------- Forwarded by Maureen McVicker/NA/Enron on 08/21/2000
01:04 PM ---------------------------

Bruno Gaillard@EES
08/21/2000 12:41 PM
To: Maureen McVicker/NA/Enron@Enron
cc:

Subject: CA utility metering issues for Steve Kean

Please forward this to Steve Kean

The information we previously sent you was wrong based on information given
by PG&E. Further investigation has lead to us discovering that the California
Utilities do offer an option on all their rate schedules for all customer
classes in which the customer can choose to install a real time meter and be
subject to the hourly PX price.

The customer must pay for the meter (approx. $1,200) and all related metering
activities: installation including the installation of an extra telephone
line, maintenance and reading.

If the customer chooses the PX Price Option, he/she will be billed the
bundled amount credited the PX credit and added the actual usage/hour times
PX hourly price.

However, it is very likely that very few customers and no bundled residential
or small customers have chosen this option.

Bruno