Message-ID: <9432087.1075843077121.JavaMail.evans@thyme> Date: Wed, 6 Sep 2000 14:39:00 -0700 (PDT) From: gavin.dillingham@enron.com To: filuntz@aol.com, liz@luntz.com, nicholas.o'day@enron.com, mike.dahlke@enron.com Subject: CA Power Issues Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Gavin Dillingham X-To: joe Hartsoe@ENRON, Sandra McCubbin@EES, Susan Mara@EES, Paul Kaufman@ECT, Karen Denne@ENRON, Jeff Dasovich@EES, Mark Palmer@ENRON, James D Steffes@EES, Richard Shapiro@EES, Elizabeth Linnell@EES, Jeannie Mandelker@ECT, filuntz@aol.com, Mark Schroeder@ECT, Peter Styles@ECT, Liz@luntz.com, Mona L Petrochko@EES, Peggy Mahoney@EES, Nicholas O'Day, Mike Dahlke, Rob Bradley@ENRON X-cc: X-bcc: X-Folder: \Jeff_Dasovich_Dec2000\Notes Folders\California crisis--press X-Origin: DASOVICH-J X-FileName: jdasovic.nsf - California Gov. Gray Davis on Wednesday signed emergency legislation to cut electricity rates in San Diego where a tripling in customers' bills this summer has sparked a public outcry. Enron Corp. (ENE) executives Wednesday called for swift federal action to reform the U.S. wholesale power market and avert chronic power-supply problems nationally, such as the high-profile woes that plagued the California electricity market this summer. California Utilities Reap Huge Profits Amid Record-High Energy Bills In the seemingly long-ago 1990s, when California had electrons to spare and energy was the last issue on most people's minds, San Diego Gas & Electric tried to expand a 700-megawatt power plant in Chula Vista--and met with stony indifference from local government types. The attitude bespoke the not-in-my-backyard opposition that such projects typically have faced around the state. SDG&E shelved the plan. But the current is flowing the other way now: The state is in the midst of an electricity crisis, and the San Diego bedroom community is urging the plant's new operator not just to keep the facility running but, indeed, to make it bigger.