Message-ID: <13451967.1075848026881.JavaMail.evans@thyme> Date: Mon, 7 May 2001 02:22:00 -0700 (PDT) From: jeff.dasovich@enron.com To: skean@enron.com, richard.shapiro@enron.com, james.steffes@enron.com, janel.guerrero@enron.com, karen.denne@enron.com, sandra.mccubbin@enron.com, susan.mara@enron.com, scott.bolton@enron.com, susan.landwehr@enron.com, paul.kaufman@enron.com Subject: Friday ReCap Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Jeff Dasovich X-To: skean@enron.com, Richard Shapiro, James D Steffes, Janel Guerrero, Karen Denne, Sandra McCubbin, Susan J Mara, Scott Bolton, Susan M Landwehr, Paul Kaufman X-cc: X-bcc: X-Folder: \Steven_Kean_June2001_3\Notes Folders\California X-Origin: KEAN-S X-FileName: skean.nsf Folks: Let me know if this captures the results of the conversation on Friday. Best, Jeff ****************************************************************************** ********************************************* Basics of Proposal Something akin to the MOU (that adequately addresses the solvency issue, for the IOUs, the State and QFs), but WITHOUT the transmission component Direct Access for ALL customers, transitioning to a core/noncore market structure in 18-24 months (this can be accomplished without stranding CDWR's contracts) Concessions -IOUs (MOU modifications) -Generators (past due amounts) -investigations Package to finance the deal (bond issuance backed by rate increases to permit securitization) Message This is the last best chance to achieve a comprehensive settlement We have developed a comprehensive solution and are meeting with everyone that will see us. We have thus far received positive feedback on and a willingness to work with our proposal We intend to work tirelelessly to gain support for a total solution---it's vital, and time's running out Media Strategy---Karen Denne Corporate leader strategy---Karen Denne Meetings with legislators in Sacramento---Sandi McCubbin WPTF, IEP, ARM---Sue Mara Large customers---Jeff Dasovich