CPUC Prudency Standards

----- Forwarded by Jeff Dasovich/NA/Enron on 02/05/2001 10:19 AM -----

"Daniel Douglass" <Douglass@ArterHadden.com<
02/04/2001 06:18 PM

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Subject: CPUC Prudency Standards

Commissioner Lynch and ALJ Cooke have each issued proposed decisions which
adopt differing guidelines for bilateral power purchase contracts entered
into by the utilities.?
?
If the utilities follow these guidelines, the Commission will forego
reasonableness reviews of the contracts.? Attached is a memorandum?which
summarizes the filings made by interested parties and?highlights the major
elements of the two draft decisions.
?
This matter will be voted on at the February 8 Commission meeting.
?
Dan
- 2-4-01 Memo re Draft Decisions.doc