FW: Demand Buy-Down

----- Forwarded by Jeff Dasovich/NA/Enron on 06/12/2001 10:15 AM -----

Alan Comnes/ENRON@enronXgate
06/11/2001 04:51 PM

To: Tom Alonso/ENRON@enronXgate, Ray Alvarez/NA/Enron@ENRON, Robert
Badeer/ENRON@enronXgate, Tim Belden/ENRON@enronXgate, Christopher F
Calger/ENRON@enronXgate, Jeff Dasovich/NA/Enron@Enron, Michael M
Driscoll/ENRON@enronXgate, Mark Fischer/ENRON@enronXgate, Chris H
Foster/ENRON@enronXgate, Mark Guzman/ENRON@enronXgate, Steve C
Hall/ENRON@enronXgate, Tim Heizenrader/ENRON@enronXgate, Paul
Kaufman/ENRON@enronXgate, Elliot Mainzer/ENRON@enronXgate, Chris
Mallory/ENRON@enronXgate, Susan J Mara/NA/Enron@ENRON, Matt
Motley/ENRON@enronXgate, Dave Perrino/SF/ECT@ECT, Phillip
Platter/ENRON@enronXgate, Jeff Richter/ENRON@enronXgate, Diana
Scholtes/ENRON@enronXgate, Stephen Swain/ENRON@enronXgate, Mike
Swerzbin/ENRON@enronXgate, Bill Williams III/ENRON@enronXgate, Greg
Wolfe/ENRON@enronXgate
cc: John Shelk/NA/Enron@Enron
Subject: FW: Demand Buy-Down

DWR now has authorization to buy down load at market prices.

Press Release

OFFICE OF THE GOVERNOR
PR01: 285
FOR IMMEDIATE RELEASE
06/10/2001

GOVERNOR DAVIS ORDERS FINANCIAL INCENTIVES FOR BUSINESSES WHO CUT ENERGY USE

Order Calls for Streamlining of Energy Demand Reduction Plans

LOS ANGELES

Governor Gray Davis today signed Executive Order D-39-01, which authorizes
the California Department of Water Resources (DWR) to implement voluntary,
emergency load curtailment programs for commercial, industrial or other large
businesses. In exchange for agreeing to reduce electricity usage during power
emergencies, the DWR will offer financial incentives to participating
customers.

"Nearly 70 percent of energy usage in California is commercial," Governor
Davis said. "Commercial load curtailment programs can help mitigate and even
avoid blackouts. Therefore, I am ordering the Department of Water Resources
to implement a program that allows businesses to receive compensation if they
voluntarily agree to reduce their energy consumption during peak periods."

The Governor's order addresses the overlapping and sometimes inconsistent
load curtailment programs currently offered by the California Independent
System Operator, the Public Utilities Commission, and the Investor-Owned
Utilities.

The DWR and the ISO will implement the programs for Summer 2001 and Summer
2002 and the DWR will finance the customer incentives. The incentives will be
determined by a number of factors, including the size of the customer and the
amount of energy to be curtailed. The overall cost for the program, estimated
to be between $50-100 million, will ultimately depend on the number of
customers who sign up.

Executive Order D-39-01

###

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GOVERNOR GRAY DAVIS ?SACRAMENTO, CALIFORNIA 95814 ? (916) 445-2841

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-----Original Message-----
From: Scott Govenar <sgovenar@govadv.com<@ENRON
[mailto:IMCEANOTES-Scott+20Govenar+20+3Csgovenar+40govadv+2Ecom+3E+40ENRON@ENR
ON.com]
Sent: Monday, June 11, 2001 10:10 AM
To: Hedy Govenar; Mike Day; Bev Hansen; Jeff Dasovich; Susan J Mara; Kaufman,
Paul; McDonald, Michael; McCubbin, Sandra; Rick Shapiro; Steffes, James; Alan
Comnes; Kean, Steven; Karen Denne; Kingerski, Harry; Lawner, Leslie; Robert
Frank; Ken Smith; Guerrero, Janel; Buster, Miyung; Thome, Jennifer; Eric
Letke; Schoen, Mary; Leboe, David; Sharma, Ban
Subject: Demand Buy-Down

Please see the attached press release from Governor Davis regarding
demand buy-down. Please also see the Executive Order at the bottom of
the page.

http://www.governor.ca.gov/state/govsite/gov_htmldisplay.jsp?BV_SessionID=@@@@
0373158305.0992279028@@@@&BV_EngineID=ealleejklgkbemfcfkmchcng.0&sCatTitle=Pre
ss+Release&sFilePath=/govsite/press_release/2001_06/20010611_PR01285_exec_orde
r_load_curtailment.html&sTitle=GOVERNOR+DAVIS+ORDERS+FINANCIAL+INCENTIVES+FOR+
BUSINESSES+WHO+CUT+ENERGY+USE&iOID=15261