Message-ID: <2801945.1075851610521.JavaMail.evans@thyme> Date: Mon, 17 Sep 2001 11:48:55 -0700 (PDT) From: jeff.dasovich@enron.com To: d..steffes@enron.com, susan.mara@enron.com Subject: Position on DA in California Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Dasovich, Jeff X-To: Steffes, James D. , Mara, Susan X-cc: X-bcc: X-Folder: \Dasovich, Jeff (Non-Privileged)\Dasovich, Jeff\Sent Items X-Origin: DASOVICH-J X-FileName: Dasovich, Jeff (Non-Privileged).pst Here's the proposal: There is NO reason for the PUC to suspend DA since 1) 18XX passed--therefore the bonds are taken care of; all Davis has to do is sign the bill, 2) Angelides has said that money's not an issue, at least for the next several months, and 3) the Senate passed a resolution on Friday night stating that there is no reason to continue the "state of emergency" put in place by Davis on Jan. 17 and that the state of emergency should therefore end. The PUC should therefore keep DA intact and begin putting the ratemaking in place to enable DA, while achieving other important objectives (e.g., no cost-shifting, make sure bonds get serviced, etc.) If, however, the PUC rejects this rational, sensible proposal and decides to suspend DA, then that date must not be any earlier than Sept. 20th; and if it is, we will sue. Thoughts? Best, Jeff