RE: RPS in California

We need to let Jeff Richter and Tim Belden understand the implications of this for current book of business.

Jim

-----Original Message-----
From: Bolton, Stacey
Sent: Monday, August 27, 2001 5:58 PM
To: Steffes, James D.
Cc: Thome, Jennifer
Subject: RE: RPS in California

Jim:

I've taken a look at both the Sher bill (SB 532) and the 2nd version of SB 78. The Sher bill has substitute language that is identical to SB 73 -- establishing an RPS for both new and existing sources. I have several concerns (large percentage of new...1/2 of TX requirement in first year.... unclear REC program.....mandatory bilateral purchase of renewable power output scheduled into CA ISO or LADWP) and am crunching numbers with Jenn to get an idea the likely impact ($s and mWh). Will get the numbers and analysis by late morning.

Stacey

Stacey Bolton
Environmental Strategies
Enron Corp
713-853-9916 direct
713-303-2632 cell
sbolton@enron.com <mailto:sbolton@enron.com<

-----Original Message-----
From: Steffes, James D.
Sent: Monday, August 27, 2001 1:55 PM
To: Bolton, Stacey
Subject: RPS in California

See last bill.

Jim
-----Original Message-----
From: "Scott Govenar" <sgovenar@govadv.com<@ENRON [mailto:IMCEANOTES-+22Scott+20Govenar+22+20+3Csgovenar+40govadv+2Ecom+3E+40ENRON@ENRON.com]
Sent: Monday, August 27, 2001 11:04 AM
To: Rick Shapiro; Steffes, James D.; Kaufman, Paul; Jeff Dasovich; Kingerski, Harry; Lawner, Leslie; Susan J Mara; Hedy Govenar; Bev Hansen; Mike Day
Subject: Today's Hearings

The following energy bills will be heard today.

SBX2 78 (Polanco/Sher), SCE MOU, will be heard by the Assembly Energy, Costs
and Availability Committee upon adjournment of the Assembly Transportation
Committee (approximately 2:30 p.m.) in room 437. Late Friday, Assemblyman
Hertzberg informed his caucus that the Assembly may take this measure up on
the floor as early as today. Because floor session is currently scheduled
for 11:00 a.m. this would require the Assembly to reconvene late this
afternoon, however, this has not been scheduled and such an action would
likely interfere with several Assembly fundraising events this evening.

SBX2 1 (Soto/Scott), windfall profits tax, will be heard by the Assembly
Revenue and Taxation Committee at 1:30 p.m. in room 126.

SB 532 (Sher), renewable portfolio standard, will be heard by the Assembly
Natural Resources Committee at 1:30 p.m. in room 447. This measure would
require DWR and/or the IOUs to purchase specified amounts of renewable
energy.