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Enron Mail |
Cc: james.steffes@enron.com, richard.shapiro@enron.com,
linda.robertson@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable Bcc: james.steffes@enron.com, richard.shapiro@enron.com, linda.robertson@enron.com X-From: Steven J Kean X-To: Jeff Dasovich X-cc: James D Steffes, Richard Shapiro, Linda Robertson X-bcc: X-Folder: \Steven_Kean_June2001_4\Notes Folders\Discussion threads X-Origin: KEAN-S X-FileName: skean.nsf I think there is merit in pursuing this. A couple of comments: It may be unduly complicated to get customers to provide the funding. =20 Perhaps we should focus on the banks instead. The deal might be further=20 funding in exchange for legislative and regulatory concessions on rates,=20 transmission and generation siting and the rest of the items you outline. Rubin would be great to have, but having watched Summers in action I'm not= =20 sure we need another ex-treas. Summers is superb, up-to-speed, and=20 apparently willing to work on this. Linda -- how would Larry feel if we=20 brought in his ex-boss (I know they're buddies but does Summers really need= =20 the help?). Need to keep an eye on the ball for large customers-- many of whom are ours= . =20 they will continue to need some access to better rates. Perhaps the propos= al=20 could be converted to cash in exchange for demand reductions. =09Jeff Dasovich =09Sent by: Jeff Dasovich =0901/20/2001 10:54 PM =09=09=20 =09=09 To: skean@enron.com, Richard Shapiro/NA/Enron@Enron, James D=20 Steffes/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Susan J=20 Mara/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Linda Robertson/NA/Enron@ENR= ON =09=09 cc:=20 =09=09 Subject: Summary of Proposed Short-term Solution for California's En= ergy=20 Crisis ----- Forwarded by Jeff Dasovich/NA/Enron on 01/20/2001 10:52 PM ----- =09Jeff Dasovich =09Sent by: Jeff Dasovich =0901/20/2001 10:51 PM =09=09=20 =09=09 To: tyson@haas.berkeley.edu, pverleger@compuserve.com =09=09 cc:=20 =09=09 Subject: Summary of Proposed Short-term Solution for California's En= ergy=20 Crisis Dean Tyson: It was a pleasure to see you again today. Phil, it was a pleasure to meet y= ou=20 and I look forward to working together. Since time is of the essence, I=20 wanted to summarize where we left off at today=01,s meeting regarding Calif= ornia=01, s energy crisis. That summary is attached. I've also attached three=20 articles from the business section of today's Chronicle that arguably bolst= er=20 our arguments for adopting the approach that we discussed at today's meetin= g. Given the fact that the legislative process is moving rapidly, bankruptcy = is=20 a daily threat, and Dean Tyson will be attending the meetings in Davos, it= =20 appears that our window of opportunity is very small. It seems that succes= s=20 requires a meeting of the principals by the end of the week, if not sooner.= =20 The chances of success are obviously limited, but I think that we agreed th= at=20 all concerned have nothing to lose and everything to gain by taking a shot.= =20 Your offer to help in the effort obviously increases the likelihood of=20 success and is greatly appreciated. =20 My apologies in advance if I have mischaracterized any of the points made a= t=20 the meeting. It represents a =01&first cut,=018 it will undoubtedly change= as the=20 details get worked out, and I=01,m sure I=01,ve missed something. So pleas= e don=01,t=20 hesitate to edit the draft. Please keep in mind that I have not had a chance to discuss this proposal= =20 internally. As such, I can=01,t yet commit Enron to the specifics of the= =20 proposal. But I=01,m confident that the company can support something akin= to=20 this structure and can let you and Phil know first thing Monday. In addition, given the political environment in California, Enron has playe= d=20 a constructive role by providing low-key, behind the scenes advice and=20 analysis to policy makers. That approach seems preferable in this effort a= s=20 well. Finally, Dean Tyson, I mentioned that Linda Robertson heads-up our Washingt= on=20 D.C. office. If she can help in any way, please don=01,t hesitate to let m= e=20 know. Both of you should feel free to call me at home over the weekend to= =20 discuss things further. My home phone is 415.621.8317. Best, Jeff
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