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Enron Mail |
Can you get me these two articles by Fri?
----- Forwarded by Richard B Sanders/HOU/ECT on 09/28/2000 05:41 PM ----- "JOHN G KLAUBERG" <JKLAUBER@LLGM.COM< 09/28/2000 08:50 AM To: <Mark.E.Haedicke@enron.com<, <Richard.B.Sanders@enron.com< cc: Subject: California Mark & Richard: Since I have the benefit of reading the WSJ on my commute into the City, I thought I would just let you know if you had not see it already that there is a follow up article today to yesterday's article about the tremendous losses being absorbed by PG&E and SoCalEd due to the spike in wholesale power prices. The article today, not surprisingly, talks about the significant 3Q earnings that are anticipated to be reported by the unregulated generating companies (E.g., Reliant, NRG and Southern) that purchased the plants from PG&E and SoCalEd. While this "news" is not unexpected, it nonetheless is the type of article that tends to excite consumer advocates, politicians and regulators since it focuses on what it calls the "irony" of the utilities now suffering huge losses (which ultimately will be borne by consumers to some, and perhaps a large, extent) from having to buy power from assets they once owned. Obviously, the concern is that the rhetoric overtakes a rational examination of the system. I know that each of you are following this situation very closely, but I thought I would just drop you a quick note in any event. John "This e-mail, including attachments, contains information that is confidential and it may be protected by the attorney/client or other privileges. This e-mail, including attachments, constitutes non-public information intended to be conveyed only to the designated recipient(s). If you are not an intended recipient, please delete this e-mail, including attachments and notify me by return mail, e-mail or by phone at 212 424-8125. The unauthorized use, dissemination, distribution or reproduction of the e-mail, including attachments, is prohibited and may be unlawful. John Klauberg LeBoeuf, Lamb, Greene & MacRae, L.L.P. 212 424-8125 jklauber@llgm.com
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