FYI: GOVERNOR DAVIS ISSUES STATEMENT REGARDING RECENT FERC ORDER

More rhetoric. I'm not too sure what FERC order he was reading.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 07/30/2001 11:27 AM -----

"McMorrow, Thomas" <TMcMorrow@manatt.com<
07/30/2001 10:54 AM

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Subject: FYI: GOVERNOR DAVIS ISSUES STATEMENT REGARDING RECENT FERC ORDER

FYI...

< -----Original Message-----
< From: Martinez, Michael
< Sent: Monday, July 30, 2001 10:05 AM
< To: Thomas McMorrow
< Subject: FYI: GOVERNOR DAVIS ISSUES STATEMENT REGARDING RECENT FERC
< ORDER
<
< OFFICE OF THE GOVERNOR
< PR01:340
< FOR IMMEDIATE RELEASE
< 07/30/2001
< GOVERNOR DAVIS ISSUES STATEMENT REGARDING RECENT FERC ORDER
< SACRAMENTO
< Governor Gray Davis issued the following statement today regarding the
< Federal Energy Regulatory Commission's recent refund order:
< "FERC is up to its old tricks again. They talk about refunds for
< California. But in this case, talk really is cheap: the details of its
< latest order show it has no intention of making California whole.
< Beginning on January 17, 2001, the people of California, through the
< Department of Water Resources, had to pay out-of-state gougers outrageous
< prices to keep the lights on. And now FERC says Californians are not
< entitled to refunds even though they determined the prices were
< excessively high. It's time for FERC to decide who they are working for:
< the greedy out-of-state generators, or the people of California. We are
< calling on FERC to change its order. If it doesn't, we will be in court."
<