FYI.  Chris:  Any progress with Freeman on creditworthiness issues?

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/27/2001 10:56 AM -----

	JMB <JBennett@GMSSR.com>
	02/27/2001 10:04 AM
		 
		 To: "'Bob Frank (E-mail)'" <robert.frank@enron.com>, "'Harry Kingerski 
(E-mail)'" <Harry.Kingerski@enron.com>, "'Jeff Dasovich (E-mail)'" 
<jdasovic@enron.com>, "'Sue Mara (E-mail)'" <smara@enron.com>, "'Tamara 
Johnson (E-mail)'" <tjohnso8@enron.com>, "'sstoness@enron.com'" 
<sstoness@enron.com>
		 cc: 
		 Subject: Alternate Decision on CPA Implementation

On Friday (February 23rd), Commissioner Bilas issued an alternate decision
to the February 20th draft ALJ decision on interim implementation of the
California Procurement Adjustment.    Basically what the Bilas alternate
does is give DWR certain assurances, without any money right now.  It
provides Commission recognition that the purchases made by DWR are not
subject to Commission reasonableness review and that once DWR has provided
the Commission with its needed revenue requirement that the Commission must
pass it through to ratepayers.  What it does not do is implement a CPA
mechanism.  The Bilas draft recognizes that the matter is being dressed
through the process established by ALJ Deulloa and a decision on it should
be rendered by the end of March. The Bilas draft also states that the
Commission "shall stay action on implementation of suspension of direct
access under water code section 80110 until further order."