Order Denying Rehearing on Creditworthiness

On June 13th the Commission issued an Order Denying Rehearing of its April 6th Order on creditworthiness requirements for the CAISO. The Commission rejected requests by the ISO, California Electricity Oversight Board (CEOB) and the California PUC to weaken the creditworthiness provisions as they apply to DWR, PG&E and SCE. The order is attached. The FERC also denied the Attorney General's motion to intervene -- this is important because only intervenors can appeal the decision to the courts.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 06/14/2001 11:24 AM -----

"Jackie Gallagher" <JGallagher@epsa.org< 06/14/2001 07:46 AM To: <acomnes@enron.com<, <bernadette.hawkins@enron.com<, <carin.nersesian@enron.com<, <Christi.L.Nicolay@enron.com<, <donna.fulton@enron.com<, <janelle.scheuer@enron.com<, <jhartso@enron.com<, <john.shelk@enron.com<, <jsteffe@enron.com<, <linda.j.noske@enron.com<, <linda.robertson@enron.com<, <Ray.Alvarez@enron.com<, <richard.shapiro@enron.com<, <sarah.novosel@enron.com<, <SScott3@enron.com<, <Susan.J.Mara@enron.com<, <tom.hoatson@enron.com< cc: Subject: Order Denying Rehearing on Creditworthiness

- ER01-889-004.PDF