Enron Mail

From:d..steffes@enron.com
To:david.delainey@enron.com, janet.dietrich@enron.com, dan.leff@enron.com,vicki.sharp@enron.com, lamar.frazier@enron.com, kevin.keeney@enron.com, jeremy.blachman@enron.com, scott.gahn@enron.com, tim.belden@enron.com, steve.swain@enron.com, john.lavorat
Subject:Latest Info on CPUC Suspending Direct Access
Cc:jeff.dasovich@enron.com, susan.mara@enron.com, paul.kaufman@enron.com,richard.shapiro@enron.com, j..kean@enron.com
Bcc:jeff.dasovich@enron.com, susan.mara@enron.com, paul.kaufman@enron.com,richard.shapiro@enron.com, j..kean@enron.com
Date:Tue, 21 Aug 2001 11:08:11 -0700 (PDT)

Latest information on CPUC Decision --

Commissioner Bilas filed an Alternative Draft for the CPUC that would:

* hold DA suspension and have the CPUC conduct hearings that would work out details including impact on bonds and phasing ending of DA,
* resolved issues related to credits and payments of Negative CTC, and
* hold hearings dealing with bottoms-up ratemaking for DA.

This is effectively an updated version of the alternate that Bilas put out last time the CPUC considered this issue. It is a long-shot that this alternative would be approved.

Our current information is still that the CPUC will vote to suspend DA as of Sept 1.

Jim