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Enron Mail |
Jennifer,
Jeff has been tied up today and apologizes for not getting back sooner, but I did manage to speak with him re: the above. SBX18, if passed, would provide for a Core/ Noncore customer split, similar to that of the natural gas markets. Utilities would be required to establish a portfolio of electric supplies to serve the needs of bundled core cusomers. Ninety days after the end of the rate freeze, determined by the Commission, customers with loads greater than 500 kilowatts would not be allowed to obtain service from the core portfolio. Any noncore customer not taking electricity directly from an ESP would be provided power by the utility exclusively from the spot market and would be charged the cost incurred by the utility in providing such service. Jeff's assesment is that the bill, in its current form, has less that a 50/50 chance of passage. The bill is highly controversial pitting the core against noncore customers. Without any transition period, the bill could have a significant negative impact to Enron's current book position. If you have any additional questions, please feel free to call. SBX 18 http://info.sen.ca.gov/pub/bill/sen/sb_0001-0050/sbx1_18_bill_20010125_introdu ced.pdf
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