Message-ID: <31445498.1075846380237.JavaMail.evans@thyme> Date: Thu, 31 Aug 2000 10:42:00 -0700 (PDT) From: steven.kean@enron.com To: james.steffes@enron.com Subject: Re: Senate passes Alper/Davis Bill 30-0 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Steven J Kean X-To: James D Steffes X-cc: X-bcc: X-Folder: \Steven_Kean_Dec2000_1\Notes Folders\Sent X-Origin: KEAN-S X-FileName: skean.nsf This is the e-mail I was talking about. ---------------------- Forwarded by Steven J Kean/NA/Enron on 08/31/2000 05:41 PM --------------------------- James M Wood@EES 08/30/2000 09:11 AM To: Mona L Petrochko/SFO/EES@EES cc: Douglas Condon/SFO/EES@EES, Martin Wenzel/SFO/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Greg Cordell/HOU/EES@EES, Roger Yang/SFO/EES@EES, Edward Hamb/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Karen Denne@Enron, Mark Palmer/Corp/Enron@ENRON, James D Steffes/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Steven J Kean/NA/Enron@Enron, Mary Hain@Enron Subject: Re: Senate passes Alper/Davis Bill 30-0 Mona, If you can get the opt-in removed it would be a great benefit to our effort. 6.5 cents is well below market at this point and we can not compete against it. I understand there is a true-up but do we know how this will work? Given the lack market intelligence I would suspect customers will opt-in just because the price cap is lower than offers in the market. Please, do everything possible to remove this opt-in. Thanks Mona L Petrochko 08/29/2000 04:38 PM To: Douglas Condon/SFO/EES@EES, Martin Wenzel/SFO/HOU/EES@EES, James M Wood/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Greg Cordell, Roger Yang, Edward Hamb/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Karen Denne@Enron, Mark Palmer/Corp/Enron@ENRON cc: James D Steffes/HOU/EES@EES, West GA, Richard Shapiro/HOU/EES@EES, Steven J Kean/NA/Enron@Enron, Mary Hain@Enron Subject: Senate passes Alper/Davis Bill 30-0 AB 265 passed through the Senate a few minutes ago. It now must go to the Assembly, where there is still a lot of uncertainty about what changes the Assembly will want to the bill. We still haven't seen the latest "republican" language. Also, AB 265 is double joined to AB 970, controversial siting bill. To the extent one or the other fails, they both fail. AB 265 (Davis/Alpert) has: 1. a 6.5 cent/kWh energy rate cap through 2002, with potential extension through 2003. 2. Applicable to residential, small commercial (up to 100 kW) 3. Opt-in provision for large industrial/agricultural customers at 6.5 cents with an annual true-up 4. Use of revenues from utility generation assets (including PPA) to offset undercollections. 5. Reasonableness review for San Diego G&E Will update with more information as available. No news about SCE.