PG&E is trying to rewrite history.  The following Advice Letter requests that 
the CPUC value hydro at $2.8 billion versus $1 billion effective June 28, 
2000.  The purpose of this maneuver is so that PG&E can claim the rate freeze 
had ended at the end of June and that they can pass on the high cost of 
energy beginning July to retail customers versus incurring the shareholder 
risks.  What PG&E is doing is the equivalent of making a bet and trying to 
change the point spread after the game is in the fourth quarter.  We need to 
make sure that people understand how slimy this is and more importantly that 
PG&E does not get its way.  PG&E was the one who delayed hydro valuation and 
low-balled the value.  They are responsible for their predicament, not the 
regulators or legislators.  Further, their roll-off matrices always showed 
that the rate freeze could never end before 1/1/01.  It seems to me that they 
have been frauding everybody.

Roger


---------------------- Forwarded by Roger Yang/SFO/EES on 09/18/2000 07:17 PM 
---------------------------


"Robert Weisenmiller" <rbw@mrwassoc.com> on 09/18/2000 05:53:48 PM
To: Mona Petrochko <mpetroch@enron.com>, Roger Yang <ryang@enron.com>, Jeanne 
Bennett <jbennett@gmssr.com>
cc: Derik Broekhoff <djb@mrwassoc.com>, Suzie Kito <msk@mrwassoc.com> 
Subject: Fwd: PG&E Advice Letter 2010-E-A


fyi


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>From: Debbie Richardson <dar@mrwassoc.com>
>Subject: Fwd: PG&E Advice Letter 2010-E-A
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>>Delivered-To: mrwassoc@oberon.dnai.com
>>From: "Avendano, Nelia C" <NCO1@pge.com>
>>To: "Antonio, Sonny" <IUCGroup@worldnet.att.net>,
>>         "Avendano, Nel"
>>         <nco1@pge.com>, "Ayers, Pat" <peay@chevron.com>,
>>         "Baird, Dewey J."
>>         <bairdd@pom-emh1.army.mil>,
>>         "Baird, John" <John_Baird@rmiinc.com>,
>>         "Balachandran, Girish" <girish_balachandran@city.palo-alto.ca.us>,
>>         "Baldwin, Mark" <igsinc@ix.netcom.com>,
>>         "Bates, Brian E."
>>         <bbates@coral-energy.com>,
>>         "Baughman, Perry" <pbaughman@urmgroup.com>,
>>         "Blaising, Scott" <blaising@jps.net>, "Bloch, Lan" 
<enfile@csc.com>,
>>         "Bolin, Lisa" <bfa@bfa.com>, "Bond, Scott" 
<scott_r_bond@amoco.com>,
>>         "Bradley, Tod" <tod_bradley@powerspring.com>,
>>         "Brady, Matthew V."
>>         <bradylaw@pacbell.net>,
>>         "Briones, Mar" <info@toenergy.com>,
>>         "Brunelle, Barry" <bbrunel@smud.org>,
>>         "Cabral, Theresa"
>>         <tcabral@mediaone.com>,
>>         "Call, Harrison" <callco@netdex.com>,
>>         "Campbell, Randy" <RCampbell@wwdb.org>,
>>         "Celio, Richard C."
>>         <rcelio@apt4power.com>,
>>         "Chancellor, Craig" <craigc@calpine.com>,
>>         "Chen, Bill" <bchen@newenergy.com>,
>>         "Clark, Marshall" <mclark@dgs.ca.gov>,
>>         "Clements, Nigel" <NClement@sempra-slns.com>,
>>         "Cresap, Jeff"
>>         <jcresap_energysolutions@email.msn.com>,
>>         "Dey, Sheila" <sheila@wma.org>, "Douglas, Dan" <Doug@pge.com>,
>>         "Eisenman, Eric" <eric.eisenman@gen.pge.com>,
>>         "Elder, Katie" <katie_elder@rmiinc.com>,
>>         "Evans, Doug"
>>         <devans@smurfit.com>,
>>         "Fellman, Diane I."
>>         <difellman@energy-law-group.com>,
>>         "Ferrara, Merilyn"
>>         <Merilyn_Ferrara@APSES.COM>,
>>         "Finne, Larry" <lfinne@unitedcogen.com>,
>>         "Gaillard, Bruno" <bgaillar@ees.enron.com>,
>>         "Gladman, Rob"
>>         <rgladman@utiliticorp.com>,
>>         "Greene, Phillip" <greenep@fosterfarms.com>,
>>         "Hall, William R." <whall@ci.glendale.ca.us>,
>>         "Hamog, Donald"
>>         <hamoyd@liggett-emh1.army.mil>,
>>         "Hanley, Bill" <weha@dynegy.com>, "Harteloo, Kari" <klc@aelaw.com>,
>>         "Hawes, Cathy" <chawes@eesinc.com>,
>>         "Henton, Ms Donna" <dhenton2@csc.com>,
>>         "Hong, Bevin"
>>         <bhong@sanfrancisco.usgen.com>,
>>         "Houde, Rieber"
>>         <artscomm@worldnet.att.net>,
>>         "Hurley, Lyle" <lhurley@ci.redding.ca.us>,
>>         "Jacobson, Debra S." <sra.corp@swgas.com>,
>>         "Jansen, Eric"
>>         <ERICJ@ESLAWFIRM.com>,
>>         "Jaske, Mike" <mjaske@energy.state.gov.us>,
>>         "Karp, Joseph" <regaffairs@sf.whitecase.com>,
>>         "Kelly, Keith"
>>         <kkelly@tfsbrokers.com>,
>>         "King, Chris S." <chris.king@utility.com>,
>>         "Kjosnes, Ole" <ole.kjosnes@ci.seattle.wa.us>,
>>         "Kuhn, Peter"
>>         <pkatkandk@aol.com>,
>>         "Kulmatycki, Chris" <ckulmat@utilicorp.com>,
>>         "Lafrenz, Don" <dlf@cpuc.ca.gov>,
>>         "Lavigne, Steve"
>>         <sslavigne@duke-energy.com>,
>>         "Lawler, Emely" <lawlerem@sce.com>,
>>         "Leslie, John W." <jleslie@luce.com>,
>>         "Lin, Angie" <Alin@newenergy.com>, "Lloyd, Connee"
>> <clloyd@bart.gov>,
>>         "McCartney, Wade" <wsm@cpuc.ca.gov>,
>>         "McCoy, Patrick" <rmccoy@dgs.ca.gov>,
>>         "McDonnell, Patrick"
>>         <pmcdonnell@eesinc.com>,
>>         "McElroy, Richard"
>>         <richard.mcelroy@engageenergy.com>,
>>         "McGuire, Patrick"
>>         <patrickm@crossborderenergy.com>,
>>         "McKillip, Ron" <rmckilli@csc.com>, "Meyer, Karl" <karl@ncpa.com>,
>>         "Miller, Jeff" <jmiller@caiso.com>,
>>         "Mollon, Janie" <jsmollon@newwestenergy.com>,
>>         "Monier, Wes"
>>         <fwmonier@tid.org>,
>>         "Moritzburke, Peter" <pmoritzburke@cera.com>,
>>         "Muller, Phillip" <philm@SCDEnergy.com>,
>>         "Neidig, James E."
>>         <jim.neidig@indsys.ge.com>,
>>         "Nicholson, Robert"
>>         <Robert.Nicholson@bankamerica.com>,
>>         "Noger, Rick"
>>         <rick_noger@praxair.com>,
>>         "Norris, Paul" <w6bd@msn.com>,
>>         "Padilla, Ken"
>>         <padillaj@vafb1a.vafb.af.mil>,
>>         "Patrick, Heather" <hpatrick@gmssr.com>, "Pau, Judy" 
<jp2@jmbm.com>,
>>         "Paul, Joseph M." <jmpa@dynegy.com>,
>>         "Poole, Noemi" <naomi@sierracc.com>,
>>         "Porter, Douglas" <porterdk@sce.com>,
>>         "Poynts, Roger" <poynts@adi-tetrad.com>,
>>         "Pritchard, Jan W."
>>         <janp@mid.org>,
>>         "Purves, Ralph" <rpurves@sdge.com>,
>>         "Rochman, Michael"
>>         <rochmanm@spurr.org>,
>>         "Ronning, Jill" <jronning@dgs.ca.gov>,
>>         "Rosasco, Margaret" <frontdesk@sierracc.com>,
>>         "Sanders, Mary"
>>         <msanders@exeterassociates.com>,
>>         "Scheuerman, Paul" <pgs@ieee.org>,
>>         "Schlotterbeck, Stacy B." <sschlott@csc.com>,
>>         "Selting, Anne"
>>         <anne@plurimi.com>,
>>         "Seshan, Dr Anantha" <aseshan@fifthgeneration.com>,
>>         "Skaff, Andrew" <askaff@energy-law-group.com>,
>>         "Skillman, June"
>>         <jskillman@prodigy.net>,
>>         "Smith, Sarah" <smithsj@sce.com>,
>>         "Stancer, William H." <william.stancer@ipaper.com>,
>>         "Stanford, Charlene"
>>         <cstanfor@energy.twc.com>,
>>         "Sturdevant, Leticia"
>>         <LSturdevant@sempra-slns.com>,
>>         "Tachera, Jennifer"
>>         <jtachera@energy.state.ca.us>,
>>         "Takahashi, Tetsunari"
>>         <tetsunari@reconcorp.com>,
>>         "Teague, Jonathan M." <jteague@dgs.ca.gov>,
>>         "Thomas, Aaron" <Athomas@newenergy.com>,
>>         "Toyama, Nathan"
>>         <ntoyama@smud.org>, "Turlay, Randy" <ipt@best.com>,
>>         "Ubavich, Nina"
>>         <Nubavi@dwp.ci.la.ca.us>,
>>         "Ungvari, Joseph" <jungvari@rcsis.com>,
>>         "Urick, Lisa" <lgurick@calpx.com>,
>>         "Valeri, Jennifer"
>>         <jvaleri@sempra.com>,
>>         "Venkataraman, Vaidyanathan"
>>         <vaidy@coolhomes2000.com>,
>>         "Ware, Wayne" <wware@siliconvalleypower.com>,
>>         "Weil, James" <jweil@aglet.org>, "Weisel, Ken" <kweisel@tid.org>,
>>         "Weisenmiller, Robert B." <mrw@mrwassoc.com>,
>>         "Weissman, Steven A."
>>         <saw@jmbm.com>,
>>         "Westby, Elizabeth" <ewestby@aandellp.com>,
>>         "Wheatland, Kent" <kbw@cpuc.ca.gov>,
>>         "Whitehurst, Barbara"
>>         <bwhitehurst@ci.healdsburg.ca.us>,
>>         "Wiggins, Monica"
>>         <mwiggins@sempra.com>,
>>         "Wiley, Mike" <mike@elite.net>,
>>         "Williams, Gene"
>>         <gwilliams@sppc.com>,
>>         "Wong, Mary" <marywong@sempra.com>,
>>         "Wood, W. William" <bwood@energy.state.ca.us>,
>>         "Yap, Catherine E."
>>         <ceyap@earthlink.net>,
>>         "Yates, E. D." <ed@clfp.com>
>>Cc: "Malekos, Shelly" <SSM3@pge.com>, "Smith, Anita (RegRel)"
>>         <AWS4@pge.com>,
>>         "Shaw, Susan" <SXS9@pge.com>
>>Subject: PG&E Advice Letter 2010-E-A
>>Date: Fri, 15 Sep 2000 15:57:03 -0700
>>X-Mailer: Internet Mail Service (5.5.2650.21)
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>>X-MDaemon-Deliver-To: dar@mrwassoc.com
>>
>>Friday, September 15,  2000,  Pacific Gas & Electric Company filed Advice
>>Letter 2010-E-A with the CPUC.
>>
>>Revises Electric Preliminary Statement in Conjunction with Estimated Value
>>of Remaining Non-Nuclear Generation Assets
>>
>>  <<2010-E-A AL1.doc>>  <<2010-E-A TS.doc>>
>>
>
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 - 2010-E-A AL1.doc
 - 2010-E-A TS.doc