Message-ID: <12219321.1075848062045.JavaMail.evans@thyme> Date: Thu, 31 May 2001 12:03:00 -0700 (PDT) From: jeff.dasovich@enron.com To: jimbrulte@aol.com Subject: Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Jeff Dasovich X-To: JimBrulte@aol.com X-cc: X-bcc: X-Folder: \Steven_Kean_June2001_3\Notes Folders\California - working group X-Origin: KEAN-S X-FileName: skean.nsf Greetings Senator: I'm informed that Mr. Lay is currently out of the country and that your message has been forwarded to him. In the meantime, I am attaching a document that Ken Lay distributed to business leaders at meetings in Silicon Valley and Los Angeles about 2 weeks ago. It is the document referenced in the Dow Jones wire story and does include the Company's view that a core/noncore market structure is the right answer for California (though the document has not been shared with Speaker Hertzberg). Mr. Lay discussed the core/noncore proposal extensively during his trip to Sacramento several weeks ago when, as you recall, he visited Sacramento and met with a variety of legislators from both sides of the aisle to discuss solutions to California's electricity crisis. But unlike the Speaker's core/noncore proposal that I read about in today's San Francisco Chronicle, Enron's the proposal does not shift all of Edison's past due amounts from small consumers to California businesses. The Company believes that all customers should be responsible for the costs that have been incurred on their behalf. I will be in Sacramento on Monday, June 4th and would like to discuss our proposal with you further if you would find it useful and if your schedule permits. I'm also available to discuss the proposal further by phone if you would like to talk before Monday. If there's anything else I can do, or if you have any questions, don't hesitate to contact me at 415.782.7822. Best, Jeff Dasovich