Enron Mail

From:kristin.walsh@enron.com
To:greg.whalley@enron.com, gary.hickerson@enron.com
Subject:California Update 6/5/01
Cc:markus.fiala@enron.com, bryan.seyfried@enron.com, jeff.kinneman@enron.com,paul.pizzolato@enron.com, michael.bradley@enron.com, michelle.cisneros@enron.com, jaime.gualy@enron.com, danielle.romain@enron.com, scott.tholan@enron.com, robert.johnston@enr
Bcc:markus.fiala@enron.com, bryan.seyfried@enron.com, jeff.kinneman@enron.com,paul.pizzolato@enron.com, michael.bradley@enron.com, michelle.cisneros@enron.com, jaime.gualy@enron.com, danielle.romain@enron.com, scott.tholan@enron.com, robert.johnston@enr
Date:Wed, 6 Jun 2001 09:43:00 -0700 (PDT)

EXECUTIVE SUMMARY
? SoCal. Ed MOU Introduced as Bill
? House Committee Douses Emergency Energy Relief Act

MOU Has Its Day
Sources report that California Senator Polanco has introduced the legislation
today for the MOU between the Governor and SoCal Edison (SB 78XX). As
reported earlier, sources still believe that there is not sufficient
legislative support for this measure to pass. Senator Polanco's political
career was earlier jeopardized by personal scandal and now sources feel his
MOU sponsorship may be nothing more than a quid pro quo attempt to gain
support from Davis. Additionally, the CPUC has added two necessary MOU
provisions to its next week voting agenda, though support for these issues
remains weak on the CPUC board.

House Energy Relief Efforts
The House Energy and Commerce Committee gave up plans to ease California's
energy woes because Republicans and Democrats could not settle a long
standing debate over price caps in the West. Representative Waxman admitted
a compromise was never more than a noble idea throughout the debates, and
several delayed mark-up sessions for the bill. Barton noted the bill had
little chance of aid California considering the time it would take to pass
the bill would be longer than the California summer.