Message-ID: <19220731.1075846383696.JavaMail.evans@thyme> Date: Wed, 11 Oct 2000 08:03:00 -0700 (PDT) From: steven.kean@enron.com To: jeff.dasovich@enron.com Subject: Re: Meeting w/Sempra Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Steven J Kean X-To: Jeff Dasovich X-cc: X-bcc: X-Folder: \Steven_Kean_Dec2000_1\Notes Folders\Sent X-Origin: KEAN-S X-FileName: skean.nsf sounds good. I think we should not talk about the conversations with the governor . . . I'd rather not prompt them to go to the gov (presumably to object to the gov talking to us without talking to them at the same time). Jeff Dasovich Sent by: Jeff Dasovich 10/11/2000 02:54 PM To: Richard Shapiro/NA/Enron@Enron, skean@enron.com, Sandra McCubbin/SFO/EES@EES, Paul Kaufman/PDX/ECT@ECT, James D Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Susan J Mara/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, mpalmer@enron.com, Karen Denne/Corp/Enron@ENRON cc: Subject: Meeting w/Sempra FYI. Recently, Chris Calger has asked me to set up a meeting with Sempra. ENA's seeking deals with the two big CA gas IOUs (PG&E and SoCalGas) that would give ENA access to their assets. In short, ENA wants to offer a complete outsource deal for the IOUs' core gas load (i.e., rez and small commercial customers). ENA would take responsibility for providing service for delivery at the city gate and in return would manage all of core's assets (upstream of the city gate). We're meeting with Sempra's "Chief Regulatory Office" (Bill Reed) and Sempra's CFO next Thursday to discuss. Given the fact that Sempra's primarily focused on electricity, the plan is to lead off the meeting with a couple of electricity solutions as a bridge to the gas offer. For electricity, the plan has two pieces: 1) a commodity offer that beats the 6.5 cent cap (i.e., nothing fancy) and 2) "Deal Bench" services with the intent of establishing a procurement mechanism for SDG&E that the California PUC could pre-approve (thereby eliminating some of the immense regulatory risk SDG&E now faces). Wanted to run this by folks to gauge reactions. We'll distribute the slides we're putting together as soon as they're drafted--hopefully by COB Friday. Best, Jeff