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Enron Mail |
FYI
---------------------- Forwarded by Mary Hain/HOU/ECT on 10/16/2000 10:44 AM --------------------------- Steve C Hall 10/16/2000 09:45 AM To: Mary Hain/HOU/ECT@ECT cc: Jeff Dasovich/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron, Susan J Mara/SFO/EES@EES, Tim Belden/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, steve.c.hall@enron.com, dwatkiss@bracepatt.com Subject: Re: Update on Calif PX price cap/RELIANT INVESTIGATION Some news from the weekend: UTILITIES/ENERGY: Calif. officials investigating Reliant Energy's finances Los Angeles --- Reliant Energy is the subject of an investigation by California Attorney General Bill Lockyer on allegations of price gouging in the wholesale power market, Dow Jones News Service reported, citing sources working on the investigation. Dow Jones reported the attorney general is investigating how Reliant, a generation company, was able to boost its third-quarter net profit by 25 percent to 30 percent above analysts' estimates compared with the same period in 1999, according to the company's earnings statement. The company has indicated that third-quarter earnings available for equity will top last year's figure by about $110 million. Reliant officials didn't comment on the matter. [from last Saturday's Atlanta Journal and Constitution] Mary Hain 10/13/2000 03:39 PM To: Jeff Dasovich/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron, Susan J Mara/SFO/EES@EES, Tim Belden/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, steve.c.hall@enron.com, dwatkiss@bracepatt.com cc: Subject: Re: Update on Calif PX price cap No but we found out what they want. They don't really want all the other stuff they asked for. What they really want is our financial information (profit and loss). From: Jeff Dasovich@ENRON on 10/13/2000 11:58 AM CDT To: Mary Hain/HOU/ECT@ECT cc: Subject: Re: Update on Calif PX price cap Thanks, Mary. Did the PUC accept our deal re: information from the subpoena?
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