Enron Mail

From:jeff.dasovich@enron.com
To:skean@enron.com, richard.shapiro@enron.com, james.steffes@enron.com,sandra.mccubbin@enron.com, susan.mara@enron.com, paul.kaufman@enron.com, linda.robertson@enron.com
Subject:Summary of Proposed Short-term Solution for California's Energy
Cc:
Bcc:
Date:Sat, 20 Jan 2001 14:54:00 -0800 (PST)

Mime-Version: 1.0
Content-Type: text/plain; charset=ANSI_X3.4-1968
Content-Transfer-Encoding: quoted-printable
X-From: Jeff Dasovich
X-To: skean@enron.com, Richard Shapiro, James D Steffes, Sandra McCubbin, Susan J Mara, Paul Kaufman, Linda Robertson
X-cc:
X-bcc:
X-Folder: \Steven_Kean_June2001_4\Notes Folders\Discussion threads
X-Origin: KEAN-S
X-FileName: skean.nsf

----- 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