This is very good work.  You make all the points we need to make without 
spraining anything in the process.  You have been doing a superb job under 
very difficult circumstances.

On another note:  I don't know if you received my page, but the meeting with 
Davis was cancelled so I flew back to Houston.  We are trying to get another 
time, perhaps as early as this week.  Davis did meet with Greenspan and 
Summers, both of whom we had briefed extensively.
----- Forwarded by Steven J Kean/NA/Enron on 12/27/2000 10:23 AM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	12/26/2000 07:05 PM
		
		 To: Susan J Mara/NA/Enron@ENRON
		 cc: Alan Comnes/PDX/ECT@ECT, Dennis Benevides/HOU/EES@EES, Eric 
Letke/DUB/EES@EES, George McClellan/HOU/ECT@ECT, Harry 
Kingerski/NA/Enron@ENRON, James D Steffes/NA/Enron@ENRON, Jennifer 
Rudolph/HOU/EES@EES, Joe Hartsoe/Corp/Enron@ENRON, Kevin 
McGowan/Corp/Enron@ENRON, Lisa Yoho/NA/Enron@ENRON, Lysa Akin/PDX/ECT@ECT, 
Mary Hain/HOU/ECT@ECT, MDay@GMSSR.com, Mike D Smith/HOU/EES@EES, Paul 
Kaufman/PDX/ECT@ECT, Richard Shapiro/NA/Enron@ENRON, Robert C 
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Roger Yang/SFO/EES@EES, Sandra 
McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott 
Stoness/HOU/EES@EES, skean@enron.com, Stuart Staley/LON/ECT@ECT, Vicki 
Sharp/HOU/EES@EES, Wanda Curry/HOU/EES@EES
		 Subject: Re: DRAFT talking points for California PUC Hearings on the 
27th/28th

You're right, Sue.  Rates can't go up w/out declaring the rate freeze over in 
some fashion---trying to finesse it.  Thanks very much for the comments.  
Harry also had a good comment---don't specify the amount of rate increase in 
our comments; rather note that the rate increase needs to be well-reasoned 
and based on facts and evidence.  Will make that change.



	Susan J Mara
	12/26/2000 06:43 PM
		
		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: Alan Comnes/PDX/ECT@ECT, Dennis Benevides/HOU/EES@EES, Eric 
Letke/DUB/EES@EES, George McClellan/HOU/ECT@ECT, Harry 
Kingerski/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Jeff 
Dasovich/NA/Enron@Enron, Jennifer Rudolph/HOU/EES@EES, Joe 
Hartsoe/Corp/Enron@Enron, Kevin McGowan/Corp/Enron@Enron, Lisa 
Yoho/NA/Enron@Enron, Lysa Akin/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT, 
MDay@GMSSR.com, Mike D Smith/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Richard 
Shapiro/NA/Enron@Enron, Robert C 
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Roger Yang/SFO/EES@EES, Sandra 
McCubbin/NA/Enron@Enron, Sarah Novosel/Corp/Enron@Enron, Scott 
Stoness/HOU/EES@EES, skean@enron.com, Stuart Staley/LON/ECT@ECT, Vicki 
Sharp/HOU/EES@EES, Wanda Curry/HOU/EES@EES
		 Subject: Re: DRAFT talking points for California PUC Hearings on the 
27th/28th

Jeff,

This looks good.  It comes across as moderate in tone-- although probably no 
one else will ask to leave the rate freeze in place. 

I have a legal question -- Under AB 1890, I don't see anyway that the CPUC 
can raise rates without ending the rate freeze first.  Am I missing 
something? So, how is it clear that the CCPUC can raise the rates on Feb 1?  
It's clear,however,  that once the retained assets are valued that the rates 
can be changed.



	Jeff Dasovich
	Sent by: Jeff Dasovich
	12/26/2000 01:15 PM
		
		 To: Jeff Dasovich/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT, Dennis 
Benevides/HOU/EES@EES, Eric Letke/DUB/EES@EES, George McClellan/HOU/ECT@ECT, 
Harry Kingerski/NA/Enron@ENRON, James D Steffes/NA/Enron@ENRON, Jennifer 
Rudolph/HOU/EES@EES, Joe Hartsoe/Corp/Enron@ENRON, Kevin 
McGowan/Corp/Enron@ENRON, Lisa Yoho/NA/Enron@ENRON, Lysa Akin/PDX/ECT@ECT, 
Mary Hain/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Richard 
Shapiro/NA/Enron@ENRON, Roger Yang/SFO/EES@EES, Sandra 
McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott 
Stoness/HOU/EES@EES, skean@enron.com, Stuart Staley/LON/ECT@ECT, Susan J 
Mara/NA/Enron@ENRON, Vicki Sharp/HOU/EES@EES, Wanda Curry/HOU/EES@EES, 
MDay@GMSSR.com, Robert C Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike D 
Smith/HOU/EES@EES
		 cc: 
		 Subject: DRAFT talking points for California PUC Hearings on the 27th/28th


	


Attached is a draft of the talking points for the Commission's hearings.  Few 
points:
Our time is likely to be limited to 5-10 minutes.
Mike Day, our outside counsel, will make the presentation on our behalf.
Mike Day is fleshing out the legal details of our presentation and he will 
forward that along for folks review later today.
Comments can be forwarded to me via email, pager (888.916.7184), voicemail 
(415.782.7822), or home (415.621.8317).
We will finalize the message points on tomorrow's daily call (10 AM CST).  
The call in number is 800.713.8600.  Code is 80435.
The Commission's hearings begin tomorrow at 10 AM (PST).