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Enron Mail |
Cc: gordon.savage@enron.com, roger.yang@enron.com, mday@gmssr.com,
harry.kingerski@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: gordon.savage@enron.com, roger.yang@enron.com, mday@gmssr.com, harry.kingerski@enron.com X-From: Scott Stoness X-To: Jeff.Dasovich@enron.com@ENRON X-cc: Gordon Savage, Roger Yang, MBD <MDay@GMSSR.com< @ ENRON, Harry Kingerski X-bcc: X-Folder: \Jeff_Dasovich_June2001\Notes Folders\Notes inbox X-Origin: DASOVICH-J X-FileName: jdasovic.nsf To my understanding, the utilities will get an unexpected windfall for their nuclear units in 2001. AB1890 specifies that they would receive 50% of the benefits of the unit after the rate freeze. Roger. Can you confirm the numbers and the reference to AB 1890. "Enron further notes that AB1890 specifies that the utilities would receive 50% of the benefits of the nuclear units after the rate freeze. Assuming that the nuclear units make up 4,000 MW and profit is $200/MWh, the utilities will receive a $3.5b windfall out of this situation. I think we should make the point that it is inappropriate for utilities to make windfalls as a result of their bad decisions (selling off more thermal then they were required to and not hedging)." I think we should insert these sentences after the "Enron notes that; ....." that I put in my comments to you yesterday in blue under important principles. Scott MBD <MDay@GMSSR.com< on 12/27/2000 01:24:29 AM To: Jeff.Dasovich@enron.com, Alan.Comnes@enron.com, dbenevid@enron.com, eletke@enron.com, George.McClellan@enron.com, Harry.Kingerski@enron.com, James.D.Steffes@enron.com, jrudolp@enron.com, Joe.Hartsoe@enron.com, Kevin.McGowan@enron.com, Lisa.Yoho@enron.com, Lysa.Akin@enron.com, Mary.Hain@enron.com, Paul.Kaufman@enron.com, Richard.Shapiro@enron.com, ryang@enron.com, Sandra.McCubbin@enron.com, Sarah.Novosel@enron.com, sstoness@enron.com, skean@enron.com, Stuart.Staley@enron.com, Susan.J.Mara@enron.com, vsharp@enron.com, wcurry@enron.com, MBD <MDay@GMSSR.com<, Robert.C.Williams@enron.com, msmith1@enron.com cc: Subject: Legal Issues to be Presented at CPUC Emergency Hearings Enclosed is a draft presentation of legal issues to be presented at the CPUC emergency hearings in conjunction with regulatory and economic arguments set forth in the draft comments previously distributed by Jeff Dasovich. Jeff and I will work to merge the legal issues into the full presentation, subject to the duscussion on the conference call tomorrow morning. This presentation has been prepared in anticipation of the fact that we will likely be limited to a very short verbal presentation tomorrow. A more extensive legal analysis of all these points is being prepared to accompany any briefs or written comments which we are permitted to file later. Please e-mail comments using the reply function to MBD at this address before the conference call if at all possible. Thank you. Mike Day <<X19418.DOC<< - X19418.DOC
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