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Enron Mail |
FYI, I've faxed PG&E's filing to Rick Shapiro. If others don't have it and
want it, let me know and I'll fax it. The filing's brief--about 10 pages--with more detail apparently to be filed. It lists the top 20 creditors. The only ENE listing in the filing is ENE Canada at $28M. The other thing that Governor and his PUC could have done many months ago was realign rates to more accurately reflect the real cost of power. That arguably was a key determinant driving PG&E to Bankruptcy. Jeff Eric Thode 04/06/2001 01:37 PM To: Karen Denne/Corp/Enron@ENRON cc: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Vance Meyer/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Mark Koenig/Corp/Enron@ENRON, Paula Rieker/Corp/Enron@ENRON, Elizabeth Ivers/NA/Enron@Enron, Rick Buy/Enron@EnronXGate, Tracy Ngo/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Michael Tribolet/ENRON@enronXgate, Susan J Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Meredith Philipp/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON Subject: Re: Response Statement to PG&E's Ch. 11 Filing I have returned a call to Gary Gentile from the AP. I gave him this statement and refused further comments on other issues, which included 1) "what is Enron's actual exposure?", 2) "what was Enron's opinion of Gov. Davis' speech last night?", and 3) "was this PG&E's only option?" I did respond to one follow-up question, which was "what options were available months ago?" My answer included the following 1) demand side solutions, 2) allowing long-term contracting for power supplies, and 3) expediting the siting process for new supplies. Eric Karen Denne 04/06/2001 01:17 PM To: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Vance Meyer/NA/Enron@ENRON, Eric Thode/Corp/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Mark Koenig/Corp/Enron@ENRON, Paula Rieker/Corp/Enron@ENRON, Elizabeth Ivers/NA/Enron@Enron, Rick Buy/HOU/ECT, Tracy Ngo/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT, Michael Tribolet/Corp/Enron, Susan J Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Meredith Philipp/Corp/Enron@ENRON cc: Karen Denne/Corp/Enron@ENRON Subject: Response Statement to PG&E's Ch. 11 Filing It's unfortunate that the state's largest utility was forced to turn to the courts for a resolution. Solutions to the state's energy crisis have been available for months that would have avoided this scenario, but Gov. Davis and the Legislature lacked the bold leadership to take swift, decisive action. Enron's exposure to PG&E will not have any material effect on earnings or on our financial condition. If pressed: Any further comment would be speculative, as we have not yet seen the filing.
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