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Enron Mail |
I just talked to Kip Lipper--works for Byron Sher, but Burton relies on him alot. He's drafting the letter that Burton will send to Loretta re: what to do about DA.
I've given Kip the quotes from Angelides re: State's fiscal position will remain STRONG through JULY 2001 irrespective of whether the bonds are issued. Kip was not aware of the quotes and was anxious to get them. I reminded Kip that the only reason anyone's given to suspend DA is the urgent need to issue the bonds, but now, even the Treasurer has admitted that there is no urgency to issue the bonds. I told Kip that the letter to Loretta should say 1) there is no longer any need to suspend DA whatsoever, 2) the PUC should commence ratemaking proceedings immediately to ensure that there is no cost-shifting to small rez and biz customers as a result of DA and 3) the PUC should deliver to the Legislature a study recommending any enhancements, modifications, etc. that should be made to the program to ensure that DA is maintained while ensuring that granny is not harmed. He said he would see what he could do and said that he would likely get back to us. There is a concerted effort underway to get the PUC to reject outright at tomorrow's meeting the rate agreement between DWR and the PUC, and DWR's proposed rev. req. The reason: no urgency anymore. Let's take a little time and get it right. Best, Jeff
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