Message-ID: <17670237.1075861503629.JavaMail.evans@thyme> Date: Fri, 2 Nov 2001 15:14:00 -0800 (PST) From: alan.comnes@enron.com To: michael.etringer@enron.com, f..calger@enron.com, david.parquet@enron.com, mark.fillinger@enron.com, jeff.dasovich@enron.com, susan.mara@enron.com Subject: SCE-QF Update Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Comnes, Alan X-To: Etringer, Michael , Calger, Christopher F. , Parquet, David , Fillinger, Mark , Dasovich, Jeff , Mara, Susan X-cc: X-bcc: X-Folder: \JDASOVIC (Non-Privileged)\Dasovich, Jeff\Inbox X-Origin: Dasovich-J X-FileName: JDASOVIC (Non-Privileged).pst I listed in on this afternoon's IEP call re: SCE's MOU. According to Smutney-Jones (who was more than average mad), SCE has reneged on the "pay 10% up front" portion of the deal they struck with SCE. According to IEP, SCE says that the banks, who are spooked by TURN's success in getting a 14-day temporary suspension of the CPUC-SCE settlement, is not interested in allowing SCE to pay any creditors like QFs preferentially. SCE said the 5.37 c/kWh commitment is still there, however. IEP's was also unsuccessful in getting the effective date of 5.37 c/kWh changed in return for the loss of the 10% up front. CCC/Jerry Bloom, who represents gas-fired QFs is seperately negotiating with SCE and may be willing to give up 10% in return for commiting to 5.37c/kwh outside of the CPUC. (They are concerned with CPUC overturning the IEP-SCE "deal.") Several parties on the call, including CalEnergy, indicated they may sue SCE outside the CPUC over reneging on this deal. Alan Comnes