Message-ID: <19836998.1075844946737.JavaMail.evans@thyme> Date: Thu, 17 Feb 2000 06:38:00 -0800 (PST) From: ron.tapscott@enron.com To: stanley.horton@enron.com, j.metts@enron.com, randal.maffett@enron.com, rod.hayslett@enron.com, dwight.larson@enron.com, michael.moran@enron.com, john.goodpasture@enron.com, steve.hooser@enron.com Subject: Cristobal Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Ron Tapscott X-To: Stanley Horton, J Mark Metts, Randal T Maffett, Rod Hayslett, Dwight Larson, Michael Moran, John Goodpasture, Steve Van Hooser X-cc: X-bcc: X-Folder: \Stanley_Horton_1\Notes Folders\Discussion threads X-Origin: HORTON-S X-FileName: shorton.nsf I received word back from 4 of the 5 parties in response to my earlier notes (both voice mails and e-mails) on: rehearing process and compliance filing agenda for the 29th native load participation and valuation Here is the download -- Rehearing Process and Compliance Filing -- They recognized that there were differences; however, they felt that the rehearing process and JV formation/process provided avenues to make the needed changes. The major changes in the compliance filing were removal of approval rights, such as 1) acquisition or encumbrance of a transmission asset and 2) sale or issuance of membership interests. Craig Baker indicated he would send a copy of the compliance filing tomorrow. He also indicated that they planned to file by late today or tomorrow. Agenda for the 29th -- The agenda seems to be in place; however, they did indicate that they would only be able to address the wires to wires synergy discussion in part. They indicated that they would be able to address the areas where savings or additional revenue would be generated but may not be in a position to specify the financial impact (i.e., ebitda and market value impact). They also indicated that Andersen has all of the individual Company numbers but not sure when the consolidated top financials will be available. Craig Baker committed to provide an update by tomorrow morning. I have a call into Larry Oliva from Andersen as well. Native Load -- The difference between our respective positions (per Craig Baker) supports my earlier description. Craig indicated that the Native Load and Wholesale Network Customers are advantaged (as compared to the Firm Point-to-Point Wholesale Customer) as a result of the filed Network Agreement. This allows the Network Customers to increase capacity as load grows (potentially usurping the rollover right of a Firm Point-to-Point Wholesale Customer). The Alliance feels this will be a point of contention between the State PUC's and FERC, and, they did not want to be placed in the middle. Participation and Valuation -- AEP -- Craig Baker indicated that Henry Fayne will be there 1st -- Stan Szwed indicated he is confirming their CFO's attendance. He will get back with me by Monday. Detroit Edison -- Joe Welch is confirming the attendance of their lead M&A representative and will get back with me by Monday (He also applauds our attempts to move this forward) Consumers -- Chuck Waits is discussing the resource issue with Chris Helms (President and COO) . He also committed to get back with me by Monday. Virginia Power -- no word Please call Randy or me if you have any questions. Thanks, Ron.