Wednesday morning, June 27 (before the CPUC decision to delay the vote on 
DA), I gave Marty Sunde this view on exit fees and surcharges for DWR costs 
in the California market:

There is a 75% probability that customers who go to direct access and who 
used utility service between January and June 2001 will pay an exit fee 
calculated as the difference between market price and utility rates during 
that period.  The exit fee could also include the going forward costs or 
alternatively, those costs could be passed along in the form of a uniform 
surcharge.  In other words, with regard to past costs, regulators or 
legislators would require DA customers to pay the amount they belive had been 
sucked from the state during the January-June crisis period.  I said the 
"retroactive ratemaking" argument is a nicety that California could easily 
dispense with.

Now that we know the CPUC decision will be delayed, I think the probability 
of exit fees for retroactive costs is even higher - either the DA legislation 
will pass between now and July 3, or Carl Wood will change the PUC order to 
get the "jailbreaking" customers to pay up.