Enron Mail

From:d..steffes@enron.com
To:john.lavorato@enron.com
Subject:RE: Latest Info on CPUC Suspending Direct Access
Cc:
Bcc:
Date:Tue, 21 Aug 2001 12:33:03 -0700 (PDT)

John --

How about I take the "delay" side for $200?

Jim

-----Original Message-----
From: Lavorato, John
Sent: Tuesday, August 21, 2001 1:41 PM
To: Steffes, James D.
Subject: RE: Latest Info on CPUC Suspending Direct Access



-----Original Message-----
From: Steffes, James D.
Sent: Tuesday, August 21, 2001 1:08 PM
To: Delainey, David; Dietrich, Janet; Leff, Dan; Sharp, Vicki; Frazier, Lamar; Keeney, Kevin; Blachman, Jeremy; Gahn, Scott; Belden, Tim; Swain, Steve; Lavorato, John
Cc: Dasovich, Jeff; Mara, Susan; Kaufman, Paul; Shapiro, Richard; Kean, Steven J.
Subject: Latest Info on CPUC Suspending Direct Access

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
[Lavorato, John] I bet you 100 bucks they delay the decision.
[Lavorato, John]