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Enron Mail |
A member of our group asked me to add the following item to the agenda for
Monday's conference call: 5. Would there be any utility in invoking the ISO's arbitration procedures (naming the ISO as a defendant and interpleading SCE and PG&E) for purposes of obtaining a ruling that the ISO, SCE and PG&E have violated the ISO's tariff by defaulting to market participants? Similarly, would there be any utility in invoking the PX's arbitration procedures seeking a determination that SCE and PG&E have violated the PX's tariff in their defaults, and whether we are presently enjoined from pursuing this option against the PX in light of the automatic stay? In addition to seeking repayment (which obviously is presently problematic), the purpose we would seek a full accounting of outstanding amounts owed by and to whom in the arbitration, and to obtain a finding by the arbitrators that could be helpful in possible future litigation against SCE and PG&E.
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