Message-ID: <15875119.1075848042906.JavaMail.evans@thyme> Date: Fri, 30 Mar 2001 03:23:00 -0800 (PST) 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 Subject: More Constructive Activity from Lynch 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 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 03/30/2001 11:22 AM ----- "Daniel Douglass" 03/29/2001 06:13 PM To: cc: Subject: Interesting News Loretta has just issued the attached ruling requesting the utilities within 10 days to provide the following: ? 1. All presentations to and minutes of meetings of their respective boards of directors relating to the payment or non-payment of dividends by respondent utilities to their respective holding companies from January 1, 2000 to present. 2. All presentations to and minutes of meetings of their respective boards of directors relating to the distribution or transfer of funds or other assets from the utilities to the holding companies, or vice versa, between 1996 and the date of this order. 3. All communications between the holding companies and their respective utility subsidiaries relating to the utilities' payment or non-payment of dividends from January 1, 2000 to present. 4. All communications between the holding companies and their respective utility subsidiaries relating to the distribution or transfer of funds or other assets from the utilities to the holding companies, or vice versa, between 1996 and the date of this order. 5. Edison and PG&E are directed to inform the Commission when, if it all, they retained bankruptcy counsel and/or financial advisors with insolvency expertise during 2000 or 2001, and produce all presentations to and minutes of meetings of their respective boards of directors relating to the decision whether or not to retain bankruptcy counsel during 2000 or 2001. 6. Respondent holding companies are directed to describe, and produce supporting documentary evidence, relating to all current restrictions on distributions or transfers of funds or other assets from their subsidiaries to themselves, and from themselves to their respective utility subsidiaries.? Such documentary evidence shall include, but not be limited to, all organizational documents implementing any ring fencing transaction and all presentations to, and minutes of, meetings of their respective boards of directors relating to any ring fencing transaction. 7. Respondent holding companies are directed to describe, and produce supporting documentary evidence, of any distributions or transfers of funds or other assets from themselves to any subsidiary, including respondent utilities, between 1996 and the date of this order. 8. Respondent utilities are directed to describe all planned or required construction or maintenance, or any other actions that may affect service and/or reliability, that they have eliminated or deferred between January 1, 2000 and the date of this order. 9. Respondent holding companies are directed to produce documentary evidence showing whether they have provided infusions of capital to respondent utilities at any time between June 2000 and the date of this order, and, if so, the date, amount, and purpose of such infusion. 10. Respondent utilities are directed to produce documentary evidence showing whether they made demands on their respective holding companies to infuse needed capital at any time. 11. Respondent holding companies are directed to produce copies of all credit agreements, debt instruments, and similar documents that purport to limit the ability of their unregulated subsidiaries (i.e., subsidiaries other than respondent utilities) to pay dividends, or limit the ability of respondent holding companies and/or their unregulated subsidiaries to transfer funds or assets to respondent utilities, or to assume liabilities for obligations of respondent utilities. - CPUC01-#93988-v1-A0011038_et_al__Lynch_Ruling__.doc