Message-ID: <3876874.1075848047763.JavaMail.evans@thyme>
Date: Thu, 1 Mar 2001 04:16:00 -0800 (PST)
From: james.steffes@enron.com
To: harry.kingerski@enron.com, richard.shapiro@enron.com, steven.kean@enron.com
Subject: California Action Items
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FYI.  Here is an update from the EES meeting this morning with action items.

Jim


----- Forwarded by James D Steffes/NA/Enron on 03/01/2001 10:46 AM -----

	David W Delainey@EES
	03/01/2001 10:37 AM
		 
		 To: Marty Sunde/HOU/EES@EES, Don Black/HOU/EES@EES, Dan Leff/HOU/EES@EES, 
Janet R Dietrich/HOU/EES@EES, James D Steffes/NA/Enron@Enron, Jeremy 
Blachman/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Scott Gahn/HOU/EES@EES
		 cc: 
		 Subject: California Action Items

Guys, a quick follow up on action items:
 CALIFORNIA:
 a) UC/CSU - send notice of default to them to start the clock ticking on the 
mediation and arbitration this will also give us time to complete the 
remaining transfer of the existing accounts on SCE - MS/VS - ASAP;
 b) '02 California positions - need update from regulatory giving us a view 
of the following:
    - possible market structure (ie) probability of direct access or forced 
direct access for our customers where we would be required to deliver market 
priced power to fulfull our requirements in a post AB 1890 world?; - JS - ASAP
    - if it is likely that these customers will be left on tariff because of 
a lack of direct access or that we can elect to leave them on a tariff what 
are the likely tariff structures ( and their components) to replace AB 
1890?;  - JS - ASAP
    - given above what are the likely tariff increases expected; - JS - ASAP
     - and what are we currently doing to perfect our lien (regulatory) and 
ultimately legally on the collection of the negative CTC from the utilities - 
JS/VS - next week.
 Ultimately, we want to make a call on what we do with these MWhrs early next 
week.
 c) position reports - need a full WSCC energy, scalar, capacity, 
physical/financial, "index", load shape exposures etc position reports on a 
go forward basis - JD/DB - ASAP
 d) "pass through" risk - due diligence on the basis and other risks 
associated with these index or pass through deals; - JD/DB - next week
 e) risk matrix - document percieved risk/return matrix (market, regulatory, 
credit, etc) for continuing to deliver fixed price physical or financial 
power commodity products through bundled & commodity deals or blend and 
extend for existing D-DASRed PGE and SCE customers. This will provide us the 
pricing, structure and profitability parameters necessary to continue to take 
certain defined risk - SG/DB - next week.
 f) deal pipeline - full listing of volumes, possible pricing structure and 
timing for future bundled, commodity and "blend and extends for D-DASRed 
customers" in the deal pipeline for California - JB/SG/MS for Melvin and 
others - ASAP

 NEW YORK:
 a) position reports - need a full NYC energy, scalar, capacity, 
physical/financial, "index", load shape exposures etc position reports on a 
go forward basis - JD/DB - ASAP;
 b) regulatory and political framework - comprehensive review of issues, 
challenges et al in the emerging crisis debate in NYC - JS - next week;
 c) risk matrix - document percieved risk/return matrix (market, regulatory, 
credit, etc) for continuing to deliver fixed price physical or financial 
power commodity products through bundled & commodity deals for NY customers. 
This will provide us the pricing, structure and profitability parameters 
necessary to continue to take certain defined risk - SG/DB - next week;
 d) deal pipeline - full listing of volumes, possible pricing structure and 
timing for future bundled and  commodity deals in the deal pipeline for NY - 
JB/SG/MS for Melvin and others - ASAP

 FLORIDA:
 a)position reports - need a full Florida energy, scalar, capacity, 
physical/financial, "index", load shape exposures etc position reports on a 
go forward basis - JD/DB - ASAP;
 b) deal pipeline - full listing of volumes, possible pricing structure and 
timing for future bundled and  commodity deals in the deal pipeline for 
Florida - JB/SG/MS for Melvin and others - ASAP.

Regards
Delainey