Message-ID: <17543376.1075848024840.JavaMail.evans@thyme> Date: Fri, 11 May 2001 09:11:00 -0700 (PDT) From: jeff.dasovich@enron.com To: skean@enron.com Subject: Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: Jeff Dasovich X-To: skean@enron.com X-cc: X-bcc: X-Folder: \Steven_Kean_June2001_3\Notes Folders\California X-Origin: KEAN-S X-FileName: skean.nsf FYI, another arrow in our quiver: ? Moody's has put California's credit rating under review for another downgrade. Sources report that Moody's, S&P, and MBIA have all informed California that "the only way the state will improve its credit rating and look better to investors is to get out of the power business and resolve the undercollected."