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Enron Mail |
Just following up on the Monday conference call discussion yesterday with
Rick and others about nailing down the numbers and documentation so we can feed the Hill information on the mistakes Governor Davis made last year and this year on power supply contracts. As I understand it, there are two aspects of this: 1. The offer of Enron and others last year to sell power to California utilities for 5 cents per kw. Failure to accept these offers resulted in higher power costs in the range of $15 billion, as I recall from yesterday's call. 2. The long term contracts that California signed this year after taking actions and making statements that drove up the forward price curves are now under water to the tune of $20 billion. On both counts we will be pressed for assumptions and documentation to pursue these arguments, which parallel the comments made by senior management in Capitol Hill meeting last week. We will work on back up on this end, but we would greatly appreciate your assistance in this regard as well. With Congress out of session starting COB on Thursday, we will need information pulled together by tomorrow COB to get the final product in the hands of congressional types and others who can use it on a timely basis. Thanks.
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