I was afraid you'd ask that.  Don't know the exact number, but I'm assuming 
that it's a whole heckuvalot less than the May 1-December 31 exposure.

Best,
Jeff



	Robert C Williams/ENRON@enronXgate
	04/10/2001 03:46 PM
		 
		 To: Harry Kingerski/NA/Enron@Enron, Mike D Smith/HOU/EES@EES, Vicki 
Sharp/HOU/EES@EES, JKlauber@llgm.com@SMTP@enronXgate
		 cc: Jeff Dasovich/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Scott 
Stoness/HOU/EES@EES
		 Subject: RE: SCE PX credits

Could be.  What is our post-12/31/00 exposure?

 -----Original Message-----
From:  Kingerski, Harry  
Sent: Tuesday, April 10, 2001 3:44 PM
To: Williams, Robert C.; Smith, Mike; Sharp, Vicki; JKlauber@llgm.com
Cc: Dasovich, Jeff; Steffes, James; Stoness, Scott
Subject: SCE PX credits

Interesting bit from SCE's MOU (p. 31) -

"the CPUC Implementing Decisions shall include

Orders resolving the responsibility of SCE to provide credits to direct 
access customers in respect of electricity deliveries after December 31, 2000 
in respects which do not result in any material financial detriment to SCE; "

Translation:  I suppose this means SCE is looking for an order absolving it 
of any responsibility for PX credits after 12/31/00, but implicitly, that 
seems to suggest they accept responsibility for PX credits before 12/31/00.  
Do you agree?