Lawsuit Filed In San Diego Vs Enron For Power Mkt Abuses

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Christian Yoder
11/29/2000 11:40 AM

To: Elizabeth Sager/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT
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Subject: Lawsuit Filed In San Diego Vs Enron For Power Mkt Abuses

Ouch!
---------------------- Forwarded by Christian Yoder/HOU/ECT on 11/29/2000
09:26 AM ---------------------------

Mary Hain
11/29/2000 09:23 AM
To: Christian Yoder/HOU/ECT@ECT, steve.c.hall@enron.com
cc:
Subject: Lawsuit Filed In San Diego Vs Enron For Power Mkt Abuses

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From: Jeff Dasovich@ENRON on 11/29/2000 11:06 AM CST
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To: Sandra McCubbin/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON,
Sarah Novosel/Corp/Enron@ENRON, Alan Comnes/PDX/ECT@ECT, Roger
Yang/SFO/EES@EES, Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT,
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Subject: Lawsuit Filed In San Diego Vs Enron For Power Mkt Abuses

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Ann M Schmidt
11/29/2000 10:59 AM

To: Richard B Sanders/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Jeff
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Subject: Lawsuit Filed In San Diego Vs Enron For Power Mkt Abuses

Lawsuit Filed In San Diego Vs Enron For Power Mkt Abuses

11/29/2000
Dow Jones Energy Service
(Copyright © 2000, Dow Jones & Company, Inc.)

LOS ANGELES -(Dow Jones)- A second lawsuit is being filed in San Diego
Superior Court Wednesday against Enron alleging the company, and others,
overcharged California consumers more than $4 billion for electricity
service.
On Monday, a similar suit was filed against Dynegy Inc. (DYN), Reliant Energy
Inc. (REI), Duke Energy North America (DUK), Southern Energy Company (SO),
AES Corp., Williams Energy and NRG Energy. Both lawsuits are seeking class
action status and may be consolidated into one complaint.
The complaints allege unfair trade practices and illegal trust activity. A
news conference announcing the details of the lawsuit will be held Wednesday
morning in San Diego.
Enron does not own or operate major generating units in the state, but is
active in trading electricity here and securing long-term fixed rate
contracts for large industrial customers. At times, Enron sells power back
into the California Power Exchange, the market where power is bought and sold
in the state.
An Enron representative said he has not yet seen the lawsuit and was unable
to comment.
The lawsuits claim Enron and the other energy companies withheld power supply
last summer, created shortages by selling power out of state and used
real-time confidential data about power plant activity to drive up prices.
The lawsuits are an attempt to force generators to refund about $4 billion
for electricity, the amount consumers were allegedly overcharged. -By Jason
Leopold; Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.