----- Forwarded by Steven J Kean/NA/Enron on 01/21/2001 03:09 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	01/21/2001 10:23 AM
		 
		 To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly 
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol 
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT, 
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H 
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES, 
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy 
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward 
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES, 
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Frank W 
Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger 
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G 
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES, 
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James 
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES, 
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe 
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy 
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin 
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES, 
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES, 
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael 
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, Mike M Smith/HOU/EES@EES, 
mpalmer@enron.com, Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul 
Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Richard L 
Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard 
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert 
Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES, Rosalinda Tijerina/HOU/EES@EES, 
Sandra McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott 
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES, 
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya Leslie/HOU/EES@EES, Tasha 
Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim 
Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, 
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S 
Bradford/HOU/ECT@ECT, Kathryn Corbally/Corp/Enron@ENRON, fvickers@enron.com, 
Michael Etringer/HOU/ECT@ECT
		 cc: 
		 Subject: IMPORTANT CONFERENCE CALL ON QF/SRAC MATTERS SCHEDULED FOR 12:30 
P.M. (NOONISH) ON SUNDAY, JAN.  21


----- Forwarded by Jeff Dasovich/NA/Enron on 01/21/2001 10:21 AM -----

	"Steven Kelly" <steven@iepa.com>
	01/21/2001 05:42 AM
	Please respond to "Steven Kelly"
		 
		 To: "Wayne Kawamoto" <wkawamoto@wm.com>, "Ward Scobee" 
<wscobee@caithnessenergy.com>, "Tony Wetzel" <twetzel@thermoecotek.com>, 
"Thomas Heller" <hellertj@apci.com>, "Ted Cortopassi" 
<TCortopassi@ogden-energy.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Steve 
Iliff" <siliff@riobravo-gm.com>, "Ross Ain" <ain@worldnet.att.net>, "Robert 
Frees" <freesrj@apci.com>, "Rich Dyer" <Rich_dyer@ogden-energy.com>, "Pete 
Levitt" <Pete@calwind.com>, "Paula Soos" <paula_soos@ogden-energy.com>, "Paul 
Wood" <paul_wood@ogden-energy.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>, 
"Milt Schultz" <bfpjv@c-zone.net>, "Marty McFadden" 
<marty_mcfadden@ogden-energy.com>, "Lucian Fox" 
<lucian_fox@ogden-energy.com>, "Ken Salvagno" <kbssac@aol.com>, "Ken Hoffman" 
<khoffman@caithnessenergy.com>, "Jonathan Weisgall" <jweisgall@aol.com>, "Joe 
Ronan" <joer@calpine.com>, "Joe Greco" <joe.greco@uaecorp.com>, "Jack Pigott" 
<jackp@calpine.com>, "Hap Boyd" <hap.boyd@enron.com>, "Frank Misseldine" 
<fmisseldine@caithnessenergy.com>, "Ed Tomeo" <ed.tomeo@uaecorp.com>, "Ed 
Maddox" <emaddox@seawestwindpower.com>, "Duane Nelsen" 
<dnelsen@gwfpower.com>, "Doug Levitt" <SDL@calwind.com>, "Doug Fernley" 
<fernley.doug@epenergy.com>, "Dean Gosselin" <dean_gosselin@fpl.com>, "Bob 
Escalante" <rescalante@riobravo-gm.com>, "Bob Ellery" <bellery@spi-ind.com>, 
"Bill Woods" <billw@calpine.com>, "Bill Carlson" <wcarlson@wm.com>, "Bill 
Adams" <sangorgon@aol.com>, "Alex Sugaoka" <Alex.sugaoka@uaecorp.com>, "Tom 
Hartman" <Tom.Hartman@fpl.com>, "Eric Edstrom" <edstrome@epenergy.com>, 
"Scott Frier" <sfrier@kjcsolar.com>, "William Hall" 
<wfhall2@duke-energy.com>, "Susan J Mara" <Susan_J_Mara@enron.com>, "Scott 
Noll" <snoll@thermoecotek.com>, "Roger Pelote" <roger.pelote@williams.com>, 
"Rob Lamkin" <rllamkin@seiworldwide.com>, "Randy Hickok" 
<rjhickok@duke-energy.com>, "Lynn Lednicky" <lale@dynegy.com>, "Kent Fickett" 
<kfickett@usgen.com>, "Kate Castillo" <ccastillo@riobravo-gm.com>, "Jim 
Willey" <elliottsa@earthlink.net>, "Jeff Dasovich" <jdasovic@enron.com>, 
"Greg Blue" <gtbl@dynegy.com>, "Frank DeRosa" <frank.derosa@gen.pge.com>, 
"Eric Eisenman" <eric.eisenman@neg.pge.com>, "Eileen Koch" 
<eileenk@calpine.com>, "Dave Parquet" <dparque@ect.enron.com>, "Curtis 
Kebler" <curtis_l_kebler@reliantenergy.com>, "Curt Hatton" 
<curt.hatton@gen.pge.com>, "Cody Carter" <cody.carter@williams.com>, "Carolyn 
Baker" <cabaker@duke-energy.com>
		 cc: "Jan Smutny-Jones" <smutny@iepa.com>, "Katie Kaplan" <kaplan@iepa.com>, 
"Carol Hudson" <Chudson@iepa.com>, "Steven Kelly" <steven@iepa.com>, "Andy 
Brown" <abb@eslawfirm.com>, "Doug Kerner" <dkk@eslawfirm.com>, "Diane 
Fellman" <difellman@energy-law-group.com>
		 Subject: IMPORTANT CONFERENCE CALL ON QF/SRAC MATTERS SCHEDULED FOR 12:30 
P.M. (NOONISH) ON SUNDAY, JAN.  21

An important conference call is scheduled for 12:30 p.m. (PST) on Sunday, 
Today, Jan 21 to discuss the status of legislative meetings on QF/SRAC 
matters.  
 
Call-In number is            888-422-7124
Particpant Code is          111756
 
 
Status Report
After a marathon 12 hour meeting with Assemplyman Keeley, Senator Battin, QF 
Parties, and SCE, a Keeley sponsored "deal" was proposed at 3:30 a.m. this 
morning.  The crux of the deal is as follows:
 
For renewables and non-gas fired QF, essentially ...
 
7.8 cents/kwh for delivered power for 5 years ["all in", i.e. includes 
capacity and energy]
1.0 on losses
no 'clawback' for wind resources which may have failed to meet fixed capacity 
obligations in the past
Applies "going forward" (presumedly Feb. 1)
 
 
For gas-fired QFs...
 
7.8 cents/kwh for five years, assuming gas is $5.60;  payment will 
increase/decrease tied to gas  (this assumes an IER of 9821)
1.0 on line losses
applies "going forward"
Caacity True-up and "forbearance" were not addressed.  Credit worthiness will 
be address in the technical conference scheduled for later today (Sunday).  
This program will require in part legislative blessing and direction, 
followed by CPUC approval of individual contract amendments.  This is 
essentially the PG&E/QF "deal" for the gas guys.  For the renewables, it is 
more of a fixed payment approach.
 
A "Technical Conference" is scheduled for Sunday (today) in Sacramento to 
work out some of the implementing details.