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Enron Mail |
1. I'll take our case over theirs any day.
2. I suggest that, if appropriate, we offer to relinquish our claims to this money as part of the FERC settlement in lieu of actually writing a check to California. Steve -----Original Message----- From: Comnes, Alan Sent: Wednesday, June 27, 2001 2:56 PM To: Steffes, James; Alvarez, Ray Cc: Hall, Steve C.; Mara, Susan; Perrino, Dave; O'Neil, Murray P.; Belden, Tim Subject: Underscheduling Penalty--CONFIDENTIAL The Calif. EOB has released information on the size of the FERC-approved, tracked, but-as-yet-unimplemented underscheduling penalty. See the attached PDF file, especially the figures in the attachment at the end. The total liability for PG&E and SCE is approaching $1billion. (EOB says that DWR is off the hook but I am not sure that is true.) As a generally balanced SC, Enron would likely be eligible for some of these proceeds. How the proceeds would be allocated is less than fully clear. MURRAY O'NEIL: Have you seen anything on who would receive the revenues from this tracking A/C if it were to be billed and paid?) Also the probability of ever extracting these $s out of noncreditworthy counter parties must be taken into account. Alan Comnes << File: EOB Request for Rehearing June 14.pdf <<
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