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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Jeff Dasovich X-To: Vicki Sharp, Mike D Smith, Richard Shapiro, James D Steffes, skean@enron.com, Paul Kaufman, Susan J Mara, Sandra McCubbin X-cc: X-bcc: X-Folder: \Steven_Kean_June2001_4\Notes Folders\Discussion threads X-Origin: KEAN-S X-FileName: skean.nsf FYI. Note that TURN sez that the Commission should use the enactment date of AB1X as the date that the rate freeze ended. ----- Forwarded by Jeff Dasovich/NA/Enron on 02/09/2001 10:52 AM ----- JMB <JBennett@GMSSR.com< 02/09/2001 10:45 AM To: "'Susan.J.Mara@enron.com'" <Susan.J.Mara@enron.com<, "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com<, "'tjohnso8@enron.com'" <tjohnso8@enron.com<, "'sstoness@enron.com'" <sstoness@enron.com<, "'Harry.Kingerski@enron.com'" <Harry.Kingerski@enron.com<, "'Gordon Savage (E-mail)'" <gsavage@enron.com< cc: Subject: TURN Testimony -- Rate Stabilization Proceeding Yesterday (the 8th) was the day for parties to file testimony in the Rate Stabilization Proceeding. I have done a quick review of TURN's testimony, and they did not submit tables which go back and calculate the impact of adopting its proposed accounting changes on transition cost recovery and the TRA undercollection balance. In its testimony, TURN stated that it tried to do such a calculation, but that the numerous adjustments which the UDCs had made to their regulatory accounts since last summer made the task alot more difficult than anticipated. TURN estimates, however that PG&E's TCBA balance as of 12/31/01 would be approximately $5.1 billion, while SCE's would be $2.9 billion. TURN states that they have requested through a data request that the UDCs do the tables for them, but that if they do not comply, that the commission should direct the UDCs to provide the tables. Also, TURN has taken the position that the enactment of AB X 1 has effectively ended the rate freeze and the date of the enactment of the statute is the one the Commission should pick for purposes of declaring the rate freeze over. I have not gone through other parties testimony yet, but wanted to let you know what TURN has done (or not done). Jeanne Bennett
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