Can we discuss? For future purposes only , we need to change our message a 
bit on power pools- the problem is not the existence of a pool through which 
all transactions clear in real-time( we like and want that),....rather, the 
problem in California was exposing consumers and the utilities nakedly to the 
volatility of the spot market by effectively  prohibiting hedging  contracts. 
This is an important distinction and one we need to be clear on so we don't 
trip over our advocacy and the desires of our commercial counterparts. 
Thanks.,




Karen Denne
02/14/2001 02:25 PM
To: Vance Meyer/NA/Enron@ENRON, Meredith Philipp/Corp/Enron@ENRON, Peggy 
Mahoney/HOU/EES@EES, Eric Thode/Corp/Enron@ENRON, Mark 
Palmer/Corp/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Susan J 
Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, Richard 
Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Steven J 
Kean/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Harry 
Kingerski/NA/Enron@Enron, Hedy Govenar <hgovenar@govadv.com>, Mike Day 
<MDay@GMSSR.com>, Bev Hansen <bhansen@lhom.com>, jkradin@marathon-com.com, 
syamane@marathon-com.com, rlichtenstein@marathon-com.com
cc:  

Subject: San Francisco Chronicle Op-Ed

Attached is the op-ed by Ken Lay we've submitted to the San Francisco 
Chronicle, at their request.  It will likely run this Sunday, Feb. 18.

kd