Unless there's an issue, I'll call Fielder first thing this morning.  
 
I'm not seeing any upside to us rattling any sabers regarding bankruptcy, however.  We'd likely take a very significant reputational and political hit by taking them in---or suggesting that we would take them in, for that matter. 
 
Reliant and Mirant have been rattling theirs for a very long time---with no concrete action to back them up.  They would of course love to have Enron "lead the charge."  I would recommend that we not play that card right now and let Reliant and Mirant go forward if they choose.
 
Best,
Jeff

-----Original Message----- 
From: Steffes, James D. 
Sent: Mon 9/17/2001 7:51 AM 
To: Kean, Steven J. 
Cc: Dasovich, Jeff 
Subject: FW: Call to SCE Regarding Negative CTC Credits



Steve -- 

If you have not called SCE yet, now may be a good time to do so (given the failure of the Legislature to resolve their problems).  

Jim 

 -----Original Message----- 
From:   Williams, Robert C.  
Sent:   Monday, September 10, 2001 9:44 AM 
To:     Kean, Steven J. 
Cc:     Steffes, James D.; Shapiro, Richard; Sanders, Richard B.; Sharp, Vicki; Leff, Dan; Curry, Wanda 
Subject:        Call to SCE Regarding Negative CTC Credits 

Attorney-Client Privileged Communication 

Steve, 

Rick asked me to send you an email regarding a contact with top SCE management about our Complaint against SCE for removing our "Negative CTC Credits" from our current bills.   While we have filed a Complaint with the CPUC and are withholding payments, the CPUC may not act until it is too late to recoup our credits (because our contracts with have expired).  As you know, there is a view among some at the CPUC that the Negative CTC Credits can only be recovered as a bill offset, and is not a cash obligation.  Therefore, SCE restoring the credits to the bills may be the only means to realize our $125 million account receivable.

Today Richard Sanders reported that Reliant, Mirant and others were soliciting Enron's participation in an involuntary filing (to be filed possibly as soon as tomorrow).  Is there any merit in contacting SCE top management and offering to trade our nonparticipation for restoration of our Negative CTC Credits to our bills?

Please call me if you wish to discuss. 

Thanks.