Kevin, how do we get at the transmission without buying the entire company?

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/06/2000 
08:20 AM ---------------------------


Tamara Jae Black
10/04/2000 12:36 PM
To: David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron
cc:  
Subject: Idea


---------------------- Forwarded by Tamara Jae Black/HOU/ECT on 10/04/2000 
01:33 PM ---------------------------
   
	Enron North America Corp.
	
	From:  Kevin M Presto                           10/04/2000 12:12 PM
	

To: Tamara Jae Black/HOU/ECT@ECT
cc:  
Subject: Idea

Please forward this to Dave and John.  My e-mail is not working for them.

Thanks.
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 10/04/2000 
11:54 AM ---------------------------
   
	Enron North America Corp.
	
	From:  Kevin M Presto                           10/04/2000 12:08 PM
	

To: Dave Delainey, John Lavorato
cc:  
Subject: Idea

What do you think of a hostile bid for SOCO's transmission assets (Georgia 
Power, Gulf Power, Alabama Power, Savannah Electric, & Mississippi Power & 
Light), and a simultaneously create an ISO/RTO that is auctioned to the 
market.  This would clearly expedite the opening of markets in the SE 
significantly.

I think we could get an FPL, Duke, VEPCO, Entergy, Cinergy type company to 
provide a pre-negotiated purchase price for the transmission facilities so 
our capital at risk would be minimal.  Additionally, we would cut a deal with 
FERC on what the new market design would look like and the ultimate 
transmission owner would live with the market design.

What are your thoughts.