Re: California PUC Decision Info/Update

Brief summary of the proposed decision:

1. Commission will issue a final decision on rate adjustments and the end of
the rate freeze on January 4. To reach the final decision, the Commission
will hold expedited hearings beginning December 27 to address:

a. when rate freeze will end;
b. rate adjustments neccesary to maintain utility solvency;
c. whether utilities should retain remaining assets;
d. whether utilies should use their retained assets to serve native load
(and what rate adjustments are necessary to accomplish such a result).

2. Commission will take action to maintain solvency of utilities and the
ability of the utilities to continue to provide service at just and
reasonable rates.

We will give a full report on the conference call scheduled below.
---------------------- Forwarded by Paul Kaufman/PDX/ECT on 12/21/2000 01:29
PM ---------------------------

Alan Comnes
12/21/2000 01:11 PM
To: Joseph Alamo/NA/Enron@ENRON
cc: George McClellan/HOU/ECT@ECT, Kevin McGowan/Corp/Enron@ENRON, Stuart
Staley/LON/ECT@ECT, Lisa Yoho/NA/Enron@Enron, skean@enron.com@ENRON, Richard
Shapiro/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Sandra
McCubbin/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Wanda
Curry/HOU/EES@EES@ENRON, Dennis Benevides/HOU/EES@EES@ENRON, Roger
Yang/SFO/EES@EES@ENRON, Scott Stoness/HOU/EES@EES@ENRON, Mary
Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Sarah
Novosel/Corp/Enron@ENRON, Mona L Petrochko/NA/Enron@Enron, Jennifer
Rudolph/HOU/EES@EES@ENRON, Eric Letke/DUB/EES@EES@ENRON, Vicki
Sharp/HOU/EES@EES@ENRON, Michael Smith/ENRON@enronxgate@ENRON, Jeff
Dasovich/NA/Enron@ENRON, Lysa Akin/PDX/ECT@ECT
Subject: Re: California PUC Decision Info/Update

Here's the order that has just been posted. My understanding is the CPUC
will take this up at 2 p.m.

GAC

Joseph Alamo@ENRON
12/21/2000 10:30 AM
To: George McClellan/HOU/ECT@ECT, Kevin McGowan/Corp/Enron@ENRON, Stuart
Staley/LON/ECT@ECT, Lisa Yoho/NA/Enron@Enron, skean@enron.com, Richard
Shapiro/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Sandra
McCubbin/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Wanda
Curry/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Roger Yang/SFO/EES@EES,
Scott Stoness/HOU/EES@EES, Mary Hain/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT,
Joe Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Mona L
Petrochko/NA/Enron@Enron, Jennifer Rudolph/HOU/EES@EES, Eric
Letke/DUB/EES@EES, Vicki Sharp/HOU/EES@EES, Michael Smith/ENRON@enronxgate
cc: Jeff Dasovich/NA/Enron, Lysa Akin/PDX/ECT@ECT

Subject: California PUC Decision Info/Update

On behalf of Jeff Dasovich, please note:

the California PUC decision will be available on
the PUC website @ 1:00 PM PST.

The Commission will continue the meeting @ 2:00 PM PST
to address the issue.

Thanks,

Joseph Alamo
Sr. Admin. Asst.
Government Affairs - The Americas
San Francisco CA