Message-ID: <32486892.1075846363376.JavaMail.evans@thyme> Date: Wed, 13 Dec 2000 04:48:00 -0800 (PST) From: jeff.dasovich@enron.com To: skean@enron.com, mpalmer@enron.com, karen.denne@enron.com, susan.mara@enron.com, sandra.mccubbin@enron.com, mary.hain@enron.com, tim.belden@enron.com, chris.foster@enron.com, robert.badeer@enron.com, david.parquet@enron.com, alan.comnes@enron.com, joe.hartsoe@enron.com, sarah.novosel@enron.com, jeffery.fawcett@enron.com, richard.shapiro@enron.com, james.steffes@enron.com Subject: FYI-Edison wants back in the generation business Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Jeff Dasovich X-To: skean@enron.com, mpalmer@enron.com, Karen Denne, Susan J Mara, Sandra McCubbin, Mary Hain, Tim Belden, Chris H Foster, Robert Badeer, David Parquet, Alan Comnes, Joe Hartsoe, Sarah Novosel, Jeffery Fawcett, Richard Shapiro, James D Steffes X-cc: X-bcc: X-Folder: \Steven_Kean_Dec2000_1\Notes Folders\Notes inbox X-Origin: KEAN-S X-FileName: skean.nsf ----- Forwarded by Jeff Dasovich/NA/Enron on 12/13/2000 12:47 PM ----- "Katie Kaplan" 12/13/2000 12:50 PM Please respond to kaplan To: "William Hall" , "Trond Aschehoug" , "Tony Wetzel" , "Susan J Mara" , "Steve Ponder" , "Steve Iliff" , "Scott Noll" , "Roger Pelote" , "Rob Lamkin" , "Randy Hickok" , "Paula Soos" , "Marty McFadden" , "Lynn Lednicky" , "Kent Fickett" , "Ken Hoffman" , "Jonathan Weisgall" , "Joe Ronan" , "Joe Greco" , "Jim Willey" , "Jeff Dasovich" , "Jack Pigott" , "Hap Boyd" , "Greg Blue" , "Frank DeRosa" , "Eric Eisenman" , "Eileen Koch" , "Ed Tomeo" , "Duane Nelsen" , "Dean Gosselin" , "Dave Parquet" , "Curtis Kebler" , "Curt Hatton" , "Cody Carter" , "Carolyn Baker" , "Bob Escalante" , "Bill Woods" , "Bill Carlson" , "Kate Castillo" , "Pigott Jack" , "Tom Ross" , "Sue Mara" , "Stephanie-Newell" , "Richard Hyde" , "Paula Hall-Collins" , "Norton Kelli" , "McNally Ray" , "Marty Wilson" , "Kristin Vellandi" , "kent Palmerton" , "Katie Kaplan" , "Kassandra Gough" , "Karen Edson" , "Julee Malinowski-Ball" , "John Stout" , "Jeff Dasovich" , "Jean Munoz" , "Jan Smutny-Jones" , "Bob Weisenmiller" , "B Brown Andy" , "Andy Brown" , "Douglas Kerner" cc: "Douglas Kerner" , "Julee Malinowski-Ball" , "Karen Edson" , "Andy Brown" , "B Brown Andy" Subject: FYI-Edison wants back in the generation business Edison Mission Energy Power Project Starts Construction After Expedited Approval By California Energy Commission Monday December 11 6:39pm Source: Dow Jones Operation Targeted for August IRVINE, Calif., Dec. 11 /PRNewswire/ -- Edison Mission Energy (EME), an Edison International company (NYSE: EIX), started construction of its new Sunrise power plant on Thursday, December 7, having received expedited approval from the California Energy Commission (CEC) to proceed. The power generation facility will be located in Kern County, California, and will bring both short- and long-term generation capacity to the state, which is in dire need of new power generation. "From the onset of the California power crisis, we have sought to find means to bring new power to the California market," said John E. Bryson, chairman and CEO of Edison International. "This CEC approval will help ensure that this critical new project will be able to provide a significant amount of new peaking power to the state as soon as next August. Our thanks and appreciation go to the California Energy Commission, and the environmental and regulatory agencies for their swift consideration of this important project." "This power has been offered by contract to the state so that the pricing for it does not depend on California's broken deregulated power market," said Alan J. Fohrer, president and CEO of EME. "Alternatively, EME will seek to enter into a long-term, cost-based contract with either Pacific Gas & Electric Company or San Diego Gas & Electric Company to further ensure that California's consumers reap the benefit of this additional power resource," Fohrer said. The Sunrise Power Project will be completed in two phases. Phase 1 will consist of a 320-megawatt (MW), simple-cycle peaking facility scheduled to be in service during the summer 2001. Phase 2 will convert the peaking facility to a 560-MW, combined-cycle operation with an in-service date of summer 2003. The project will meet or exceed all pertinent environmental and safety standards. Final regulatory approvals have been received for Phase I of the project only. EME will be seeking expedited permitting approval for the Phase II expansion in line with the fast-track approval process recently enacted by the California legislature. EME has also negotiated an agreement with the labor unions for an adequate supply of highly skilled labor in order to achieve an accelerated construction schedule. The accelerated schedule is aimed at providing this additional power to California by next summer. Edison Mission Energy specializes in the development, acquisition, construction management and operation of global power production facilities. As one of the world's leading global power producers, Edison Mission Energy owns nearly 23,000 megawatts of generating capacity, including interests in 75 projects currently under construction or operating in Australia, Indonesia, Italy, New Zealand, Puerto Rico, Spain, Thailand, Turkey, the United Kingdom and the United States. Based in Rosemead, Calif., Edison International is a premier international electric power generator, distributor and structured finance provider. With a portfolio of approximately 28,000 megawatts, Edison International is an industry leader in privatized, deregulated and incentive-regulated markets and power generation. It is the parent company of Edison Mission Energy, Southern California Edison, Edison Capita, Edison Enterprises and Edison O&M Services. /CONTACT: Kevin Kelley of Edison Mission Energy, 626-302-1033, Fax, 626-302-7827/ 21:35 EST Katie Kaplan Manager of State Policy Affairs Independent Energy Producers Association (916) 448-9499