Dept. of Finance

----- Forwarded by Jeff Dasovich/NA/Enron on 02/20/2001 04:15 PM -----

Susan J Mara
02/20/2001 02:22 PM

To: Sandra McCubbin/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Michael
Tribolet/ENRON@enronXgate, jklauber@llgm, Richard Shapiro/NA/Enron@Enron,
James D Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Harry Kingerski/NA/Enron@Enron
cc:
Subject: Dept. of Finance

More info on Dept of Finance's response to the coalition seeking direct
access, from ARm's lobbyist

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 02/20/2001 12:19 PM -----

nplotkin@tfglobby.com (Norman Plotkin)
02/20/2001 08:57 AM

To: arm@phaser.com
cc:
Subject: Dept. of Finance

Update:

I spoke with Robert Miyashiro at Finance (DOFs point person for those who
have inquired) late Friday evening. I tried to schedule some time to speak
with him and bond counsel, but he begged off, but with good reason.

Through our conversation he intimated that they were greatly encouraged by
the coalition proposal vis-a-vis reasonable controls on opt-in/opt-out and
surcharges for incremental state costs. It seems that they gave their canned
presentation in the meeting and did not respond publicly to our proposal.

When pushed for direction relative to quantifying specific formulas, he
expressed concern over the "proprietary" (he didn't say the word expressly)
nature of DWRs rate calculations and a general reluctance to talk numbers at
this stage of the game.

Much remains to be done, but I wanted to convey my relief and concur with
Aaron that our position is not as gloomy as my initial impression.

More later,
Norm