John --

How about I take the "delay" side for $200?

Jim

 -----Original Message-----
From: 	Lavorato, John  
Sent:	Tuesday, August 21, 2001 1:41 PM
To:	Steffes, James D.
Subject:	RE: Latest Info on CPUC Suspending Direct Access



 -----Original Message-----
From: 	Steffes, James D.  
Sent:	Tuesday, August 21, 2001 1:08 PM
To:	Delainey, David; Dietrich, Janet; Leff, Dan; Sharp, Vicki; Frazier, Lamar; Keeney, Kevin; Blachman, Jeremy; Gahn, Scott; Belden, Tim; Swain, Steve; Lavorato, John
Cc:	Dasovich, Jeff; Mara, Susan; Kaufman, Paul; Shapiro, Richard; Kean, Steven J.
Subject:	Latest Info on CPUC Suspending Direct Access

Latest information on CPUC Decision --

Commissioner Bilas filed an Alternative Draft for the CPUC that would:

*	hold DA suspension and have the CPUC conduct hearings that would work out details including impact on bonds and phasing ending of DA,
*	resolved issues related to credits and payments of Negative CTC, and
*	hold hearings dealing with bottoms-up ratemaking for DA.

This is effectively an updated version of the alternate that Bilas put out last time the CPUC considered this issue.  It is a long-shot that this alternative would be approved.  

Our current information is still that the CPUC will vote to suspend DA as of Sept 1.

Jim
[Lavorato, John]  I bet you 100 bucks they delay the decision. 
[Lavorato, John]