By copy of this e-mail, I am asking Twanda to set up a short conf.call w/you on Wed or Thurs to discuss these issues
 -----Original Message-----
From: 	"Robert Nelson" <JRNELSON@LLGM.COM>@ENRON [mailto:IMCEANOTES-+22Robert+20Nelson+22+20+3CJRNELSON+40LLGM+2ECOM+3E+40ENRON@ENRON.com] 
Sent:	Monday, September 17, 2001 7:13 PM
To:	Sanders, Richard B.
Cc:	Ceklund@llgm.com
Subject:	PX Committee call

In today's call we addressed the usual issues.  This Friday the complex litigation panel will decide whether to consolidate the commandeering suits.  In case you hadn't noticed, the state filed a declaratory relief action in Sacramento naming each of the individual participants but not the PX.  The state's alleged fear is that it might be exposed to double recovery to the PX and the individual participants, so it asks for a declaration of its exposure to the participants.  The new complaint has not yet been served.  Our counsel who are trying to keep matters simple are considering strategies that will avoid the need for each participant to respond, and we should have some recommendation next week.  Next, Howard Weg will circulate a draft motion to FERC submitting his proposed settlement.  We should have the draft within the next week.  Next, a subcommittee met with PG&E reps last week to get a preview of a possible reorganization plan.  Weg may call Michael Tribolet to get his take on plan structure.  Next, the state Senate evidently balked at the Edison bailout.  Reliant and Marant have not filed a petition and are considering their options in view of the possibility that the governor will call the legislature back into special session in early October.  In the meantime, Edison is producing documents in response to the 2004 notice.  Weg raised a question about whether Enron will be filing an administrative claim in the PG&E case pursuant to court order in that case.  I wasn't aware of the issue.  Are you?  There were productive plan discussions with PX representatives as to structure and tasks of the PX going forward, and we are expecting a proposal momentarily.  Discussions with the Trade Creditors Committee still haven't reached closure.  PX reps evidently will be approaching PG&E and Edison to share the cost of future operations.  Our next committee call is Sept. 26 at 2.  We still need to talk about the funding issue when you have a moment.  Bob

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J. Robert Nelson
725 Soth Figueroa St, Los Angeles, Ca. 90017-5436


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