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Enron Mail |
Greetings:
Some time back I distributed the final term sheet summarizing the settlement that a large number of interests reached with SoCalGas to unbundle SoCalGas' Transportation, Storage and Balancing assets and services. Recently, many have asked questions about the status and substance of the settlement. The Term Sheet summarizing the settlement is attached. The California Commission has held hearings on the settlement and parties are now filing briefs. The ALJ's proposed decision should be out in the next 45-60 days or so and the Commission should be in a position to approve or reject the proposal in mid- to late fall. Over thirty parties signed the settlement. They represent everyone from small consumers, to pipelines, to marketers, to utilities. Only 2-3 parties actively opposed it. Unfortunately, California has a new governor, and his two recent appointments to the Commission have thus far been pretty unfriendly when it comes to competition. Nonetheless, there's a significant effort underway on the part of a large number of parties to win Commission approval. I'll keep you posted. If you have any questions about either substance or status, don't hesitate to email or call at 415.782.7822. Please forward along to others who might be interested. Best, Jeff ---------------------- Forwarded by Jeff Dasovich/SFO/EES on 07/11/2000 03:25 PM --------------------------- - GIRcounter0330final.doc - Primary Rights 3-30 4PM final.doc
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