Message-ID: <6308629.1075861466341.JavaMail.evans@thyme> Date: Fri, 28 Sep 2001 16:16:41 -0700 (PDT) From: lisa.mellencamp@enron.com To: b..sanders@enron.com, d..steffes@enron.com, jeff.dasovich@enron.com, michael.tribolet@enron.com Subject: FW: SCE - Call with Tom Walper Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Mellencamp, Lisa X-To: Sanders, Richard B. , Steffes, James D. , Dasovich, Jeff , Tribolet, Michael X-cc: X-bcc: X-Folder: \JDASOVIC (Non-Privileged)\Dasovich, Jeff\Deleted Items X-Origin: Dasovich-J X-FileName: JDASOVIC (Non-Privileged).pst -----Original Message----- From: "Bates, William" @ENRON Sent: Friday, September 28, 2001 5:08 PM To: 'Jines, Michael L.'; 'Gussett, Sheryl Esq.'; 'john.c.herbert@dynegy.com'; Mellencamp, Lisa; 'tlauria@whitecase.com'; 'Philip Warden (E-mail)'; 'ceklund@llgm.com'; 'collt@perkinscoie.com'; 'zack.starbird@mirant.com' Cc: Michelson, Randy; Lubic, Michael; Houlihan, Terry Subject: SCE - Call with Tom Walper Importance: High Tom Walper just called to acknowledge receipt of our letter. His tone was cordial. He said Ted Craver is out until Monday and asked if we could wait to talk until then. I said (cordially) "sure." Walper said that as SCE begins to talk to our group, as it now is, it wants to get off on the right foot. He asked why we are interested in a forbearance agreement - is our concern that SCE wouldn't have enough money to pay generators if it paid others first? I said I could not speak for the group, and that one point of meeting is that creditors may have different perspectives that they will want to express directly. We then talked "out of school" - each saying we were not speaking even for our clients - as follows: I said that I don't have enough information to know that SCE will be able to pay the generators, so would appreciate having SCE address the credit issue Walper raised. The second concern I identified was that SCE would make its peace with everyone else then declare WW3 on generators. Thus, as we said in the letter, I indicated that we would be interested in a commitment to make peace with us before paying everyone else. Walper said - your claims aren't liquidated; it wouldn't be fair to ask us to hold up everyone else until your claims are fixed. I suggested that agreeing to some process for liquidating them (like the current FERC proceeding) other than through endless litigation would alleviate some of my concern about WW3. We left it at that. I expect to hear from Walper again on Monday. PS to Ted Collins - please let me have the email address for your in-house contact to I can add him to the group list; your secreatry gave only his physical address.