Message-ID: <14391517.1075852518921.JavaMail.evans@thyme>
Date: Tue, 21 Aug 2001 11:08:11 -0700 (PDT)
From: d..steffes@enron.com
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	vicki.sharp@enron.com, lamar.frazier@enron.com, 
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	scott.gahn@enron.com, tim.belden@enron.com, steve.swain@enron.com, 
	john.lavorato@enron.com
Subject: Latest Info on CPUC Suspending Direct Access
Cc: jeff.dasovich@enron.com, susan.mara@enron.com, paul.kaufman@enron.com, 
	richard.shapiro@enron.com, j..kean@enron.com
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Latest information on CPUC Decision --

Commissioner Bilas filed an Alternative Draft for the CPUC that would:

*	hold DA suspension and have the CPUC conduct hearings that would work out details including impact on bonds and phasing ending of DA,
*	resolved issues related to credits and payments of Negative CTC, and
*	hold hearings dealing with bottoms-up ratemaking for DA.

This is effectively an updated version of the alternate that Bilas put out last time the CPUC considered this issue.  It is a long-shot that this alternative would be approved.  

Our current information is still that the CPUC will vote to suspend DA as of Sept 1.

Jim