----- Forwarded by Sharonda Stephens/Corp/Enron on 01/24/2001 11:11 AM -----

	"ANN SCHMIDT, ENRON CORP." <ENRONPR@bloomberg.net>
	01/24/2001 11:09 AM
		 
		 To: sharonda.stephens@ENRON.COM
		 cc: 
		 Subject: (BN  ) Bush Says California Must Resolve Power Crisis, Sen.


                      enron story




Bush Says California Must Resolve Power Crisis, Sen. Reid Says
1/24/1 10:51 (New York)


     (For more on California's electricity crisis, see {EXTRA
<GO>.})

     Washington, Jan. 24 (Bloomberg) -- President George W. Bush
said California can't look to federal help after the expiration in
two weeks of two emergency orders requiring power providers and
natural gas suppliers to sell into California, Senator Harry Reid
said.
     ``He indicated that the two-week extension was the last,''
Reid told reporters after he and other congressional leaders met
with Bush.
     ``California's problems are lapping over into other states,''
said Reid, a Democrat who represents neighboring Nevada. Bush
``indicated it was a problem that California had to solve for
itself.''
     U.S. Energy Secretary Spencer Abraham said yesterday he
extended the Clinton administration's orders to give California's
lawmakers time to make policy changes needed to resolve the
state's energy supply problems. The orders were extended through
Feb. 6.
     After that, California must make its own arrangements with
out-of-state energy suppliers and no extension will be granted,
Abraham said. California Governor Gray Davis, who requested the
extension, agreed with Abraham that no further extensions will be
necessary, the Energy Department said.

--Heidi Przybyla in Washington (202) 624-1884 or
hprzybyla@bloomberg.net/ rdm /wfs

Story illustration: For a chart comparing the performance of
Edison and PG&E with the Dow Jones Utilities for the past year,
click on {UTIL <Index> COMP D <GO>} or enter the command. Enter
EIX US <Equity> in the second box, and PCG US <Equity> in the
third. Press <GO>.

Companies:
PCG US <Equity> CN
EIX US <Equity> CN
DUK US <Equity> CN
ENE US <Equity> CN
CPN US <Equity> CN
REI US <Equity> CN
NRG US <Equity> CN
WMB US <Equity> CN
SO US <Equity> CN
MIR US <Equity> CN
AES US <Equity> CN
DYN US <Equity> CN
13622Z <Equity> CN
SRE US <Equity> CN

NI EXE
NI COS
NI UTI
NI NRG
NI ELC
NI SUM
NI GAS
NI LAW
NI GEN
NI GOV
NI CMD
NI BON
NI WNEWS
NI US
NI CA
NI ERG
NI DC
NI OIL

-0- (BN ) Jan/24/2001 15:51 GMT