I'll take a look at this tonight.
----- Forwarded by Susan J Mara/NA/Enron on 11/29/2000 04:00 PM -----

	"Steven Kelly" <steven@iepa.com>
	11/29/2000 09:56 AM
	Please respond to "Steven Kelly"
		 
		 To: "Sue Mara" <smara@ect.enron.com>
		 cc: 
		 Subject: Fw: CPUC Section 390 Ruling: Conference Call Scheduled For 9:30 
a.m. on Thursday, Nov. 30


FYI

.----- Original Message -----
From: Steven Kelly <steven@iepa.com>
To: Alex Sugaoka <Alex.sugaoka@uaecorp.com>; Bill Adams <sangorgon@aol.com>;
Bill Carlson <wcarlson@wm.com>; Bill Woods <billw@calpine.com>; Bob Ellery
<bellery@spi-ind.com>; Bob Escalante <rescalante@riobravo-gm.com>; Dean
Gosselin <dean_gosselin@fpl.com>; Doug Levitt <SDL@calwind.com>; Duane
Nelsen <dnelsen@gwfpower.com>; Ed Maddox <emaddox@seawestwindpower.com>; Ed
Tomeo <ed.tomeo@uaecorp.com>; Frank Misseldine
<fmisseldine@caithnessenergy.com>; Hap Boyd <hap.boyd@enron.com>; Jack
Pigott <jackp@calpine.com>; Joe Greco <joe.greco@uaecorp.com>; Joe Ronan
<joer@calpine.com>; Jonathan Weisgall <jweisgall@aol.com>; Ken Hoffman
<khoffman@caithnessenergy.com>; Ken Salvagno <kbssac@aol.com>; Marty
McFadden <marty_mcfadden@ogden-energy.com>; Milt Schultz <bfpjv@c-zone.net>;
Nam Nguyen <nam.nguyen@powersrc.com>; Paul Wood
<paul_wood@ogden-energy.com>; Paula Soos <paula_
Cc: Jan Smutny-Jones <smutny@iepa.com>; Katie Kaplan <kaplan@iepa.com>;
Carol Hudson <Chudson@iepa.com>; Doug Kerner <dkk@eslawfirm.com>; Steven
Kelly <steven@iepa.com>
Sent: Monday, November 27, 2000 5:55 PM
Subject: CPUC Section 390 Ruling: Conference Call Scheduled For 9:30 a.m. on
Thursday, Nov. 30


> Attached is Commissioner Neeper's Ruling Requesting Comments on the FERC
> November 1 Order and the Section 390 Proceeding.  The Commissioner raised
> two questions:  (1) What to do with Phase I issues, given the potential
> changes to the market structure (e.g. elimination of PX buy/sell), and (2)
> how to modify his proposed decision in response to the FERC Order.
>
> A conference call is scheduled for 9:30 a.m. (PST) on Thursday, November
30.
>
> The call-in number is            888/476-3752
> The Participant Code is        111756
>
> Commissioner Neeper's Ruling asks for proposed solutions on how to
proceed.
> The Ruling may read to endorse aspects of the IEP proposed settlement,
> specifically delay Phase II until 2003 or beyond.  If this is the case,
the
> Commissioner's Ruling begs the question:  (1) how/what should voluntary
> switchers be paid for 2000; (2) how/what should voluntary switchers bepaid
> for 2001 and beyond; (3) how to treat losses for 2001.
>
> For discussion purposes, I propose the following questions for parties to
> consider prior to the conference call:
>
> How best to eliminate the regulatory uncertainty for voluntary switchers
> regarding what they will get paid.  How best to separate this issue from
the
> issue of "refunds" at the wholesale level?
>
> If the PX buy/sell provision is eliminated, what ought to be the
"PX-based"
> price for energy:  Neeper's proposal of the day-ahead PX price (which may
be
> highly volatile, a basket of market indices, or the price of cotton in
> China?
>
> Is it necessary to build a "bridge" for voluntary switchers to move back
to
> the SRAC formula.
>
>
>
> ----- Original Message -----
> From: Eric Janssen <EricJ@eslawfirm.com>
> To: 'Steven Kelly' <steven@iepa.com>; 'Katie Kaplan' <kaplan@iepa.com>
> Sent: Monday, November 27, 2000 10:44 AM
> Subject: SRAC ruling
>
>
> > <<11-21 ACR re Impact of FERC Order on SRAC.doc>>
> >
> > Eric Janssen
> > Ellison Schneider & Harris  LLP
> > 2015 H Street
> > Sacramento, CA  95814
> > Phone: (916) 447-2166
> > Fax: (916) 447-3512
> > mailto:ericj@eslawfirm.com
> >
> > CONFIDENTIALITY NOTICE:  This communication and any accompanying
> document(s)
> > are confidential and privileged.  They are intended for the sole use of
> the
> > addressee.  If you receive this transmission in error, you are advised
> that
> > any disclosure, copying, distribution, or the taking of any action in
> > reliance upon the communication is strictly prohibited.  Moreover, any
> such
> > inadvertent disclosure shall not compromise or waive the attorney-client
> > privilege as to this communication or otherwise.  If you have received
> this
> > communication in error, please contact the sender at the internet
address
> > indicated or by telephone at (916)447-2166. Thank you.
> >
> >
>

 - 11-21 ACR re Impact of FERC Order on SRAC.doc