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Enron Mail |
On balance , this is a good thing- not great, but Barbara and Roy did a great
job to get the improvements they got- also, the seccuritization is good for project motown assets. ---------------------- Forwarded by Richard Shapiro/HOU/EES on 06/01/2000 07:02 AM --------------------------- Barbara A Hueter 06/01/2000 06:23 AM To: Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Janine Migden/DUB/EES@EES, James D Steffes/HOU/EES@EES, Harry Kingerski/HOU/EES@EES, Susan T Covino/HOU/EES@EES, Becky L Merola/DUB/EES@EES, Susan M Landwehr/HOU/EES@EES, Kerry Stroup/DUB/EES@EES, Jeffery Ader/HOU/ECT@ECT, Wendy King/Corp/Enron@ENRON, Richard Hill/LON/ECT@ECT, Adam Cooper/DUB/EES@EES, Mark Harada/HOU/EES@EES, Debbie Chance/Corp/Enron@Enron, Elizabeth Linnell/HOU/EES@EES, Lynnette Barnes/HOU/EES@EES cc: Roy Boston/HOU/EES@EES Subject: MI: SB937 and SB1253 passed House last night Late yesterday evening the Michigan House of Representatives approved the package of electric restructuring bills, namely SB937 (vote of 72 -35) and SB1253 (vote of 73 - 35). The bills now go back to the Senate where the changes made by the House are expected to be agreed to. If this occurs, which we expect it will, the bill will be signed by the Governor this weekend and take immediate effect. Attached is an initial summary of SB937 as passed by the House. The House accepted approximately 7 amendments on the floor. This summary may be updated should these amendments have any real impact on the bill for Enron. Our initial assessment is that they do not - Eric Schneidewind and I are meeting first thing Thursday morning to review them carefully. We will keep you updated. Finally, regarding the issue of being subject to acquiring local franchises as a condition of doing business in municipalities in Michigan: You will recall that we had language inserted into the bill in the Senate which declared that Alternative Electric Suppliers would not be considered public utilities. This language would have deleted the requirement that we obtain local franchises. However, the Governor had made a deal with the MI Municipal League that this issue would not be resolved in this legislation. (This deal I believe was struck in the context of various other issues pending among the legislature, governor and municipal league). Late yesterday, Senate Leader DeGrow came out in support of an amendment to exclude schools (elementary, secondary, community colleges, universities, etc...) from the local franchise for purposes of aggregation -- thus upsetting the status quo which had been agreed to by the Governor and Municipal League. Senator DeGrow was firm in his support and said that in order for the Senate to agree to House changes, this language had to be added. Well, the language was not added in the House --- due to overall confusion. So, we are going to talk with Senator DeGrow this morning to urge him to go forward with the Senate agreeing to the House changes in the bill and to consider the schools amendment in the context of exempting all Alternative Electric Suppliers from local franchise requirements. A bill or amendment to this effect can be handled during the September session. Customer groups are also going to do the same thing. The Govenror supports our position on this issue and we believe we have the momentum to get this done when the legislature comes back in September. Roy and I are available today if you have any questions. You can reach Roy at 630-654-6472. I can be reached this morning at 614-306-4359 and this afternoon at 614-760-7472.
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