Message-ID: <30449366.1075848040226.JavaMail.evans@thyme> Date: Wed, 4 Apr 2001 16:00:00 -0700 (PDT) From: jeff.dasovich@enron.com To: alan.comnes@enron.com, angela.schwarz@enron.com, beverly.aden@enron.com, bill.votaw@enron.com, brenda.barreda@enron.com, carol.moffett@enron.com, cathy.corbin@enron.com, chris.foster@enron.com, christina.liscano@enron.com, craig.sutter@enron.com, dan.leff@enron.com, debora.whitehead@enron.com, dennis.benevides@enron.com, don.black@enron.com, dorothy.youngblood@enron.com, douglas.huth@enron.com, edward.sacks@enron.com, eric.melvin@enron.com, erika.dupre@enron.com, evan.hughes@enron.com, fran.deltoro@enron.com, gayle.muench@enron.com, ginger.dernehl@enron.com, gordon.savage@enron.com, harold.buchanan@enron.com, harry.kingerski@enron.com, iris.waser@enron.com, james.steffes@enron.com, james.lewis@enron.com, james.wright@enron.com, jeff.messina@enron.com, jeremy.blachman@enron.com, jess.hewitt@enron.com, joe.hartsoe@enron.com, karen.denne@enron.com, kathy.bass@enron.com, kathy.dodgen@enron.com, ken.gustafson@enron.com, kevin.hughes@enron.com, leasa.lopez@enron.com, leticia.botello@enron.com, mark.muller@enron.com, marsha.suggs@enron.com, marty.sunde@enron.com, meredith.eggleston@enron.com, michael.etringer@enron.com, michael.mann@enron.com, michelle.cisneros@enron.com, mpalmer@enron.com, neil.bresnan@enron.com, neil.hong@enron.com, paul.kaufman@enron.com, paula.warren@enron.com, richard.zdunkewicz@enron.com, richard.leibert@enron.com, richard.shapiro@enron.com, rita.hennessy@enron.com, roger.yang@enron.com, rosalinda.tijerina@enron.com, sandra.mccubbin@enron.com, sarah.novosel@enron.com, scott.gahn@enron.com, scott.stoness@enron.com, sharon.dick@enron.com, skean@enron.com, tanya.leslie@enron.com, tasha.lair@enron.com, ted.murphy@enron.com, terri.greenlee@enron.com, tim.belden@enron.com, tony.spruiell@enron.com, vicki.sharp@enron.com, vladimir.gorny@enron.com, wanda.curry@enron.com, william.bradford@enron.com, kathryn.corbally@enron.com, jubran.whalan@enron.com, triley@enron.com, richard.sanders@enron.com, robert.williams@enron.com, greg.wolfe@enron.com, james.wright@enron.com, dirk.vanulden@enron.com, steve.walker@enron.com, jennifer.rudolph@enron.com, martin.wenzel@enron.com, douglas.condon@enron.com, wgang@enron.com, sgovenar@govadv.com, hgovenar@govadv.com, jklauber@llgm.com, mike.smith@enron.com, john.neslage@enron.com, janel.guerrero@enron.com, eric.letke@enron.com, richard.sanders@enron.com, gfergus@brobeck.com, michael.tribolet@enron.com, robert.frank@enron.com, richard.sanders@enron.com, gfergus@brobeck.com Subject: Davis Press Conference Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: Jeff Dasovich X-To: Alan Comnes, Angela Schwarz, Beverly Aden, Bill Votaw, Brenda Barreda, Carol Moffett, Cathy Corbin, Chris H Foster, Christina Liscano, Craig H Sutter, Dan Leff, Debora Whitehead, Dennis Benevides, Don Black, Dorothy Youngblood, Douglas Huth, Edward Sacks, Eric Melvin, Erika Dupre, Evan Hughes, Fran Deltoro, Gayle W Muench, Ginger Dernehl, Gordon Savage, Harold G Buchanan, Harry Kingerski, Iris Waser, James D Steffes, James W Lewis, James Wright, Jeff Messina, Jeremy Blachman, Jess Hewitt, Joe Hartsoe, Karen Denne, Kathy Bass, Kathy Dodgen, Ken Gustafson, Kevin Hughes, Leasa Lopez, Leticia Botello, Mark S Muller, Marsha Suggs, Marty Sunde, Meredith M Eggleston, Michael Etringer, Michael Mann, Michelle D Cisneros, mpalmer@enron.com, Neil Bresnan, Neil Hong, Paul Kaufman, Paula Warren, Richard L Zdunkewicz, Richard Leibert, Richard Shapiro, Rita Hennessy, Roger Yang, Rosalinda Tijerina, Sandra McCubbin, Sarah Novosel, Scott Gahn, Scott Stoness, Sharon Dick, skean@enron.com, Tanya Leslie, Tasha Lair, Ted Murphy, Terri Greenlee, Tim Belden, Tony Spruiell, Vicki Sharp, Vladimir Gorny, Wanda Curry, William S Bradford, Kathryn Corbally, Jubran Whalan, triley@enron.com, Richard B Sanders, Robert C Williams, Greg Wolfe, James Wright, Dirk vanUlden, Steve Walker, Jennifer Rudolph, Martin Wenzel, Douglas Condon, wgang@enron.com, Scott Govenar , Hedy Govenar @ ENRON, jklauber@llgm.com, Mike D Smith, John Neslage, Janel Guerrero, Eric Letke, Richard B Sanders, gfergus@brobeck.com, Michael Tribolet, Robert Frank, Richard B Sanders, gfergus@brobeck.com X-cc: X-bcc: X-Folder: \Steven_Kean_June2001_3\Notes Folders\California X-Origin: KEAN-S X-FileName: skean.nsf ----- Forwarded by Jeff Dasovich/NA/Enron on 04/04/2001 10:59 PM ----- Jean Munoz 04/04/2001 08:51 PM To: "'Andy Brown (E-mail)'" , "'B Brown Andy (E-mail)'" , "'Baker Carolyn (E-mail)'" , "'Bob Escalante (E-mail)'" , "'Bob Weisenmiller (E-mail)'" , "'Curtis Kebler (E-mail)'" , "Dean. Nistetter (E-mail)" , "'Douglas Kerner (E-mail)'" , "'Greg Blue (E-mail)'" , "'Jan Smutny-Jones (E-mail)'" , "'Jeff Dasovich (E-mail)'" , "'Joe Ronan (E-mail)'" , "'John Larrea (E-mail)'" , "'John Stout (E-mail)'" , "'Julee Malinowski-Ball (E-mail)'" , "'Kassandra Gough (E-mail)'" , "'kent Palmerton (E-mail)'" , "'Lynn Lednicky (E-mail)'" , "Marie Moretti (E-mail 2)" , "'Marty Wilson (E-mail)'" , "'McNally Ray (E-mail)'" , "''Nam Nguyen' (E-mail)'" , "'Norton Kelli (E-mail)'" , "'Paula Hall-Collins (E-mail)'" , "'Pigott Jack (E-mail)'" , "'Richard Hyde (E-mail)'" , "'Roger Pelote (E-mail)'" , "'Stephanie-Newell (E-mail)'" , "'Sue Mara (E-mail)'" , "'Tom Ross (E-mail)'" , "Tom Williams (E-mail)" , "'Alex Sugaoka (E-mail)'" , "'Bill Carlson (E-mail)'" , "'Bill Woods (E-mail)'" , "'Bob Ellery (E-mail)'" , "'Bob Gates (E-mail)'" , "'Cody Carter (E-mail)'" , "'Curt Hatton (E-mail)'" , "'David Parquet'" , "'Dean Gosselin (E-mail)'" , "'Doug Fernley (E-mail)'" , "'Duane Nelsen (E-mail)'" , "'Ed Tomeo (E-mail)'" , "'Eileen Koch (E-mail)'" , "'Eric Eisenman (E-mail)'" , "'Frank DeRosa (E-mail)'" , "Frazier Blaylock (E-mail)" , "'Hap Boyd (E-mail)'" , "'Hawks Jack (E-mail)'" , "'Jim Willey (E-mail)'" , "'Joe Greco (E-mail)'" , "'Jonathan Weisgall (E-mail)'" , "'Kate Castillo (E-mail)'" , "'Kelly Lloyd (E-mail)'" , "'Ken Hoffman (E-mail)'" , "'Kent Fickett (E-mail)'" , "'Lynn Lednicky (E-mail)'" , "'Marty McFadden (E-mail)'" , "'Paula Soos'" , "'Randy Hickok (E-mail)'" , "Rick S. Koebbe (E-mail)" , "'Rob Lamkin (E-mail)'" , "'Ross Ain (E-mail)'" , "'Steve Iliff'" , "'Steve Ponder (E-mail)'" , "'Tony Wetzel (E-mail)'" , "'William Hall (E-mail)'" , , , , , , , , , Katie Kaplan , , cc: Subject: Davis Press Conference As you may have heard, Governor Davis intends to hold a press conference Thursday evening at 6:05 PST to deliver "an important live address on energy ... will speak in detail about California's energy emergency and make an important announcement." ?He has requested five minutes during evening newscasts to make his remarks. While there is no way to know specifics, we've heard rumor that his remarks will include the following: 1. Discussion of rate increases 2. State's conservation efforts 3. Blame FERC for crisis 4. Point out what a great job he is doing IEP is prepared to react immediately to the Governor's remarks if needed. ? Below are two Dow Jones stories on the press conference, and a memo that was released by Davis' top financial adviser, Joe Fichera. We'll keep you posted -- but please alert me or Katie if you hear anything. Thanks, Jean -- Jean Munoz McNally Temple Associates, Inc. 916-447-8186 916-447-6326 (fx) Calif Gov To Make 'Important' Energy Announcement Thurs ???? Updated: Wednesday, April 4, 2001 08:17 AM?ET ???? ? (This article was originally published Wednesday) By Jason Leopold OF DOW JONES NEWSWIRES LOS ANGELES (Dow Jones)--In a highly unusual move, California Gov. Gray Davis Tuesday requested radio and television stations in the state to clear five minutes of time Thursday evening so he can make an important announcement regarding the state's energy crisis. Davis is expected to deliver a speech at 6:05 p.m. PST and will likely talk about the state's conservation efforts, a 4,000 megawatt shortfall expected next month, the need to bring new generation online, recent rate hikes ordered by the California Public Utilities Commission, and the possibility for further rate increases this summer to keep the state's three investor-owned utilities solvent, sources close to Davis told Dow Jones Newswires. The source said Davis is not expected to discuss a final agreement to buy the power lines owned by PG&E Corp. (PCG, news, msgs), unit Pacific Gas & Electric, Edison International's (EIX, news, msgs) unit, Southern California Edison, and Sempra Energy's (SRE, news, msgs) unit, San Diego Gas & Electric. Davis' press secretary, Steve Maviglio, would not comment on Davis' speech. In a memo to the media, Davis' office said the governor will "deliver an important live address on energy from his office in Sacramento. During this historic address to the people of California, the governor will speak in detail about California's energy emergency and make an important announcement." The last time a California governor interrupted a broadcast schedules was in 1992, when Republican Gov. Pete Wilson delivered a speech about the state's budget problems, a spokesman in Davis' office said. But Davis' staff said "this is the first time in recent memory that a Governor has asked for time statewide to deliver a live address to the people of California." -By Jason Leopold; Dow Jones Newswires; 323-658-3874; jason.leopold@dowjones.com Calif Gov Staff To Speak To Analysts About Energy Crisis ?? ?? Updated: Wednesday, April 4, 2001 05:37 PM?ET ??? ? LOS ANGELES (Dow Jones)--California Gov. Gray Davis' advisers will speak to Wall Street analysts Thursday following a live state address on the state's energy crisis, according to an email sent to the financial community and obtained by Dow Jones Newswires. Daivs' staff, in a highly unusual move, asked radio and television broadcasters to clear five minutes of air time Thursday night so Davis can make an "important announcement" about the state's months-long energy crisis. Sources close to the governor said Davis will discuss the state's conservation efforts, a 4,000 megawatt supply shortfall expected this summer, recent rate increases ordered by state regulators and the possibility for further rate increases to replenish the state's budget surplus. Davis is expected to discuss plans for keeping the state's three investor-owned utilities, PG&E Corp. (PCG, news, msgs) unit Pacific Gas & Electric, Edison International (EIX, news, msgs) unit Southern California Edison and Sempra Energy (SRE, news, msgs) unit San Diego Gas & Electric, solvent but he isn't expected to discuss a proposal to buy the utilities' power lines. Davis spokesman, Steve Maviglio, said he couldn't comment on the governor's speech. He said, however, Davis has received the financial data regarding the state's spending on wholesale electricity and what it expects to spend in the months ahead. In the email sent to Wall Street analysts, Davis' top financial adviser, Joe Fichera, said the governor's advisers will hold a conference call at 9:45 p.m. EDT (0145 GMT) with analysts followed by a question-and-answer session. Regarding Davis' speech Thursday, Fichera wrote in his email that "while everyone will wish to speculate on what (Davis) will or will not say, I can point out that the governor has been consistent in his goals to achieve: significant demand side management, increased generation supply and restoration of the financial health of the investor-owned utilities. "All three components are important elements to resolving the energy situation in California and will be addressed by the governor," Fichera wrote in the email. In addition, "it may go without saying, but the situation in California involves many moving parts, many constituencies and independent players that need to be brought together to resolve a problem that is of a size and scope that no one anticipated," Fichera's email says. "It certainly appears confusing and chaotic. The governor and his team recognize the complexity of the problem and are rigorously attempting to move the process to closure," the email says. "He is addressing all open issues so that consumers, investors and others can achieve some certainty and move on. We cannot make all the moving parts stop, nevertheless, the governor will provide the leadership needed for a resolution." -By Jason Leopold, Dow Jones Newswires; 323-658-3874; jason.leopold@dowjones.com ????? ??? To: Members of the Financial Community > > Governor Gray Davis will make an important announcement about the energy > crisis in California on Thursday at 6:05 PM PST. > > There will be a Financial Analyst conference call/presentation/Q&A with > the Governor's advisors at 6:45 pm PST/9:45 pm EST. ?Details about the > call-in number etc. will follow. > > While everyone will wish to speculate on what he will or will not say, I > can point out that the Governor has been consistent in his goals to > achieve: > ? > 1) significant demand side management (which reduces the State's need for > expensive power and influences the spot market for power ), > 2) increased generation supply (to provide reliability and stable prices) > and > 3) restoration of the financial health of the investor-owned utilities. > > All three components are important elements to resolving the energy > situation in California and will be addressed by the Governor. > > It may go without saying but the situation in California involves many > moving parts, many constituencies and independent players that need to be > brought together to resolve a problem that is of a size and scope that no > one anticipated. ?It certainly appears confusing and chaotic. ?The > Governor and his team recognize the complexity of the problem and are > rigorously attempting to move the process to closure. ?He is addressing > all open issues so that consumers, investors and others can achieve some > certainty and move on. ?We cannot make all the moving parts stop > nevertheless, the Governor will provide the leadership needed for a > resolution. ? > > We look forward to speaking with you tomorrow after the Governor's > address. > > In the meantime, if you would like to speak to me or have any other > questions, contact me at the numbers below. > > J > > Joseph S. Fichera > Senior Managing Director & CEO > Saber Partners, LLC > > Banker-Advisor > Office of Governor Gray Davis > State of California > Sacramento, CA ? > > Tel: 916-324-3628 > Cel: 917-862-0619 > - Action Items