SB 27x meeting

----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:50 PM -----

Susan J Mara
02/16/2001 12:58 PM

To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
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psmith3@enron.com, mjackso7@enron.com
cc:
Subject: SB 27x meeting

Nork Plotkin was recently hired by our retail coalition. Here is his report
from the meeting on SB 27X

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 02/16/2001 10:57 AM -----

nplotkin@tfglobby.com (Norman Plotkin)
02/15/2001 05:55 PM

To: arm@phaser.com
cc:
Subject: SB 27x meeting

The first meeting relative to the SB 27x fix to the suspension of da
contained in AB 1x was held at the Capitol today. Present were ESPs,
consumer groups, business interests, the utlities and representatives from
the Department of Finance, the DWR and Finance's Bond Counsel. The meeting
was led by Laurence Lingbloom from Senator bowen's office.

Aaron Thomas led off with an articualtion of the AReM/business coalition
proposal. Successive presentations were given by interests who submitted
either correspondence or draft proposals- the details of which can be
discussed in tomorrow's conference call.

Of particular note, and the greatest obstacle facing the future of da, was
the presentation by the attorney representing the Dept. of Finance. He
expressed concern over broad exemptions from exit fees (ie: all residential
and small commercial customers < 100kw) and broad authority to opt out will
make it extremely difficult to actually sell the bonds.

We need to follow up with Finance, their counsel and DWR to allay their
fears- the sooner the better. We need to be able to speak their language on
bonding particulars and we need to be able to articulate our position in
terms relavant to their bonding requirements. We can discuss this further in
the call tomorow.

Finally, Lingbloom said he will circulate a proposal of his own by midweek
next. The general tenor at the conclusion of the meeting was not good- we
have our work cut out for us.

Until tomorrow.

Norm