sounds good.  I think we should not talk about the conversations with the 
governor . . . I'd rather not prompt them to go to the gov (presumably to 
object to the gov talking to us without talking to them at the same time).



	Jeff Dasovich
	Sent by: Jeff Dasovich
	10/11/2000 02:54 PM
		 
		 To: Richard Shapiro/NA/Enron@Enron, skean@enron.com, Sandra 
McCubbin/SFO/EES@EES, Paul Kaufman/PDX/ECT@ECT, James D 
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Susan J 
Mara/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, mpalmer@enron.com, Karen 
Denne/Corp/Enron@ENRON
		 cc: 
		 Subject: Meeting w/Sempra

FYI.  Recently, Chris Calger has asked me to set up a meeting with Sempra.  
ENA's seeking deals with the two big CA gas IOUs (PG&E and SoCalGas) that 
would give ENA access to their assets.  In short, ENA wants to offer a 
complete outsource deal for the IOUs' core gas load (i.e., rez and small 
commercial customers).  ENA would take responsibility for providing service 
for delivery at the city gate and in return would manage all of core's assets 
(upstream of the city gate).  We're meeting with Sempra's "Chief Regulatory 
Office" (Bill Reed) and Sempra's CFO next Thursday to discuss.

Given the fact that Sempra's primarily focused on electricity, the plan is to 
lead off the meeting with a couple of electricity solutions as a bridge to 
the gas offer.  For electricity, the plan has two pieces:  1) a commodity 
offer that beats the 6.5 cent cap (i.e., nothing fancy) and 2) "Deal Bench" 
services with the intent of establishing a procurement mechanism for SDG&E 
that the California PUC could pre-approve (thereby eliminating some of the 
immense regulatory risk SDG&E now faces).

Wanted to run this by folks to gauge reactions.  We'll distribute the slides 
we're putting together as soon as they're drafted--hopefully by COB Friday.

Best,
Jeff